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Automotive News & Views Are gas prices fueling your pain? 
10042 messages, Last post on Jul 12, 2008 at 3:07 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: imidazol97 (Apr 17, 2008 4:45 am) It would not do us much good unless we took over Saudi Arabia, Canada and Mexico. Remember Exxon is paying $115 a barrel for oil to send to their refineries. There is not a big profit margin. I think if you take a look at the last two energy bills pushed through Congress you will find the reason oil is so high. They are not well thought out when you are dealing with a World oil market. There is NO reason for $115 oil except that traders are betting on the future. They did it before and the oil market went all the way down to $9 per barrel. That was from an adjusted high in the $70 range. For you conspiracy guys. Take a look at the fact that OPEC cut production in 1999 by 4.2 million barrels per day. That started the upward trend we are in today with 9/11 fueling the market. We could just colonize a few weak countries with lots of oil and problem solved for a while. |
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Replying to: tpe (Apr 17, 2008 5:49 am) You're right. But as others have said it is the failure of Congress and the Presidents of the last decades - both Republican and democratic that could have moderated high oil prices. The economic policies of the government during this time has led to 1) the current decline of the $, and 2) the lack of viable alternatives (ethanol from corn is a poor solution). |
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Replying to: gagrice (Apr 17, 2008 7:45 am)
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Replying to: oldfarmer50 (Apr 17, 2008 7:41 am) Expect more as the refiners tighten the flow of fuel. The refiners are the ones making the money, according to the expert I heard. If the supply is too high due to lower usage, the refinery volume has to slow to keep the price rising and their margin increasing.
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Replying to: imidazol97 (Apr 17, 2008 8:38 am) What is he an expert in? Here are a couple tables showing the refinery cost and profit margins for 1999 and 2008 in CA. 1999 2008 |
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Replying to: dave8697 (Apr 17, 2008 8:18 am) So whether we buy and use Iraqi oil, or Europe buys that oil, decreasing their purchase of North sea oil, which we then buy really doesn't make much difference. With the amount of money these otherwise poor countries are making selling oil, none of them can afford to stop drilling and selling. The thing that is driving the price of oil and gasoline higher is the willingness of an increasing number of people to pay the going-rate. |
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Replying to: gagrice (Apr 17, 2008 7:45 am)
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Replying to: imidazol97 (Apr 17, 2008 4:03 am) Where is that long promised energy policy promise?
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Replying to: larsb (Apr 16, 2008 10:35 am) I actually would like to take transit instead of driving, but for me it's a no-no for work route in terms only having the Metra train, the cost (pass, parking, time) and location. I car-pool as much as possible, get into work early and leave late to avoid as much traffic and hyper-mile (actually just doing the speed limit). And I can take multiple routes if one backs up to avoid the jam-ups. |
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Replying to: 1stpik (Apr 17, 2008 5:01 am) The producers and the oil companies and the refiners are doing what's best for their shareholders and employees by keeping the prices as high as possible by limiting supply to match demand. We are not doing our part as a general rule. Certain like yourself are taking action. Most, meaning a majority, either can't react to the higher prices or they don't care or they are just hoping the nightmare ends and the 90's return again. I don't see this as being Congress' problem or the oil producer's/marketer's problem or anyone's problem except ours. When we decide to buy less then the prices will come down. Congrats on making a small difference. |
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Automotive News & Views Are gas prices fueling your pain?
