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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: tpe (Apr 23, 2008 5:27 am) On the other hand, gasoline and diesel prices affect EVERYBODY, even those without cars or trucks. The price of food and other goods which EVERYBODY NEEDS is affected. I love how some of these posters say, "Get an education! Enhance you skills so you can earn more money!" Heck, I feel I already make decent money. What's it going to come to? Am I supposed to earn a doctorate so I can live the same lifestyle my Dad did with a high school diploma and a short stint in the Navy? Besides, where is the time for school and the money for tuition to magically appear for some working poor slob laboring 80 hours a week just to pay for the rent on some run-down apartment in the 'hood? Is this man to just abandon his wife and children to pursue higher education, (if he can even pass the entrance exam)? Congratulations, you've earned your MBA! Your wife and kids must be proud! Uh, I wouldn't know. They starved to death six years ago. |
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Replying to: chadx (Apr 23, 2008 6:19 am) |
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Replying to: bpizzuti (Apr 23, 2008 5:25 am) Except when we're talking mortgages.  House GOP challenges Pelosi for gas price plan. (The Hill) Pelosi put tax breaks and royalty relief given to big oil and gas companies on the table then. Could be some interesting footmanship if the Dems decide to move on those issues and Big Oil says wait a minute. Alaska just told Exxon to give up a major oil and gas field on state lands since they've been sitting on it 1977 with no development. (Alaska Report) |
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Replying to: fezo (Apr 23, 2008 5:31 am) Criminal? That is ridiculous! Yes they loosened there standards, but I reiterate, budgeting your household is a personal responsibility. So did the at-home conversations go like this? "The bank will give us a $200,000 loan. This is great. But the payments are going to be $1,500 a month". "But honey, we can't afford that payment." "But they are willing to give it to us! We can't pass up this opportunity! Let's just do it! "
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Replying to: chadx (Apr 23, 2008 6:48 am)
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Replying to: bpizzuti (Apr 23, 2008 5:25 am) I think you just contradicted yourself in the same paragraph.  If oil goes up, gasoline goes up, just like if wood prices go up, lumber goes up. If oil is that expensive, and the "oil" companies are STILL making huge profits, But they aren't making huge profits, year affter year. They're making decent profits now. Go to any financial webpage, lookup an oil company - like Exxon-Mobil (symbol XOM) and do some research. The value of stock is $94 and the EPS (earnings per share) is $7.28. There are 5.3 billion shares of stock issued. So people like me and anyone who has a 401K, has about $450B invested in Exxon-Mobil. We're making about 10% per year, hardly that extravagent. EPS is what investors look at, and the %-profit they make. Exxon-Mobil's profit is not large relative to what people have invested. |
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Replying to: snakeweasel (Apr 22, 2008 3:34 pm) One one of my jobs (transportation) I get OT after 8 and after 40. Not sure the state say after 8 or if it's our contract. On my other job (farming) I get the same $4 per hour no matter how many hours I work.
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Replying to: kernick (Apr 23, 2008 7:09 am) Plus whatever money stayed in the company fir various reasons (some of which gets re-invested, but they count the new 10,000 sq foot executive suite as an investment too, heh). If oil goes up, gas goes up, yeah. But if oil goes up, and gas goes up, and Mobil's profits go up, that means that they're raising the price of gas faster than the price of oil is going up, because their expenses are falling in relation to their income. |
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Replying to: bpizzuti (Apr 23, 2008 7:55 am) |
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Replying to: texases (Apr 23, 2008 8:02 am) I saw the pipe stacked at Valdez back in '73 right before construction started on the TransAlaska pipeline. Time files. Some predicted the pipeline would have been removed by now - Prudhoe production has fallen and it's not economic to run the pipeline half full I guess, so the state really wants more oil flowing through it. Otherwise they won't reap the royalty money that runs the state.
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