Last post on Jun 20, 2008 at 6:45 AM
You are in the Automotive News & Views-Archives
What is this discussion about?
#16 of 35 Re: Why Is Diesel Fuel So Expensive? [dtownfb]
Jan 31, 2008 (12:21 pm)
That's the 2006 number, which was an anomaly (check out the history here ExxonLobbyHistory, If you look around that web site, you'll find many companies and industries that spend more than the oil industry. Why spend? Congress is constantly considering laws that would have a great impact on Exxon - they would be irresponsible to their shareholders (and there are millions of them) to not do what is legal to protect their interests.
#17 of 35 Re: Why Is Diesel Fuel So Expensive? [texases]
Jan 31, 2008 (12:25 pm)
I am sooooo tempted to start with the lobbying aspect. But this is not a political forum and I will simply accept your explanation my friend.
good website. I think the number my friend gave me, $500 milion, is a total of all the oil & gas companies over the past 10 years. That fits what the website shows. Still too much money. Of course the question is who gets this money and who is looking out for Joe Public?
#18 of 35 Re: Why Is Diesel Fuel So Expensive? [dtownfb]
Jan 31, 2008 (12:33 pm)
Would I prefer the whole lobbying industry disappeared tomorrow? Absolutely! But I don't get to make those rules....
#19 of 35 Re: Why Is Diesel Fuel So Expensive? [texases]
Feb 01, 2008 (3:52 pm)
And Congress knows better then to ask the American people about the lobbying rules. I will admit that some lobby groups are good for the general public.
Back to our show......
#20 of 35 Low Sulphur Diesel
Mar 21, 2008 (4:05 pm)
Has anyone considered the impact of ultra-low sulphur diesel on prices? I see this being mandated for all engines made after 2007. I'm thinking that this has to be more expensive to refine.
Also to go slightly off-topic. Someone posted that oil was $9 a barrel in 1998. How in the hell could supply-demand push it up to $109 10 years later. Unless they are drinking it in China there has to be some funny business going on.
#21 of 35 Re: Low Sulphur Diesel [oldfarmer50]
Mar 21, 2008 (5:19 pm)
Well, that $9/bbl price was the historic low price, ever, so no need to compare where we are today to that.
#22 of 35 Re: Low Sulphur Diesel [oldfarmer50]
Mar 21, 2008 (6:02 pm)
The funny business is we keep printing more money and it is not worth as much. The price of oil bottomed in 1998 at just under $10. It was back to the old price of $30 by 2003. The jump since then has been a bit much. Not sure how to explain it. It really defies logic for me. It seems with our control of the second largest field in Iraq we should be able to manipulate that price downward a little. Or maybe we are trying to squeeze the other players out of the market. I cannot believe the working class in China and India can afford those prices.
#23 of 35 Re: Low Sulphur Diesel [gagrice]
Mar 22, 2008 (9:29 am)
They can't but the enormous middle to upper middle class can and that group is the most rapidly expanding group in both countries.
#24 of 35 Re: Low Sulphur Diesel [oldfarmer50]
Mar 29, 2008 (7:34 am)
'Our' price of $105-$110 /bbl is different than the europeans and other countries prices. If they pay the producers in euros for example then 'their' price is roughly equivalent to about $80 a gallon. Our 25% 'premium' is primarily due to the fall in the value of our dollar. The Euro has gained in strength so the buyers in Europe have seen an increase but nowhere near what ours is.
In the final analysis the actual price of oil or of gasoline doesn't matter one single bit. It is what it is and they ( producers and marketers ) should adjust supply, jack up prices, charge what the market will bear simply because that's good capitalism.
The only thing that matters is you and I and the rest on these boards. As long as each of us continues to go to the pumps and fill up to our heart's content then they, the sellers, have ready buyers and the market is in perfect balance.
Solution: don't buy their product. Watch the prices come down. I drive the same as I did 5 and 10 yrs ago but I use 25% less today than I did back then.
Don't buy their product!!!! Use less.
#25 of 35 Re: Low Sulphur Diesel [british_rover]
Mar 29, 2008 (7:43 am)
Yep the sheer size of these two countries is something few of us have any real inkling. If the wealthy and very comfortable in these two countries is just 15% of their combined populations then that small segment is greater than every man, woman and child in our country.
It would be as if every aged person, every 3 week old infant, every street bum and struggling immigrant ( legal or not ) in our country was a millionaire with money to spend as wildly as they wished.