Re: Do you think this will lower the price of gas?
 

Maybe you, and your new best friend , the goveners wife, should just step outside and lite up together. Maybe a couple of verses "get on board the peace train".
And go on back and listen to what T Bone Pickens, and ol Newt are saying. And remember the adage,"if you find it, they will buy it". Meaning foreign investors.Nothing will be accomplished without some assurances on many issues that are related to ownership, delivery points, infrastructure, etc. Some things that are contradictory to free market trade, but somewhat necessary for national energy independence, and national security. The answer lays in a balanced middle approach, that takes a critical, impartial, forward thinking path, to self reliant energy policies. There is some right, and some wrong on both sides of the energy debate, but Picken's reference to the greatest shift of wealth is correct. Without a comprehensive balanced energy plan, we will jepordize our national security, and become not much more than a third world nation, goverened not by the people, but by unregulated commodity speculators, and mega corporations. https://www.yenko.net/ubbthreads/imag...mlins/flag.gif

Re: Do you think this will lower the price of gas?
 

Man there is alot of gray matter under all that hair! https://www.yenko.net/ubbthreads/imag...ns/scholar.gif Some VERY good points guys. If we look back about 100 years ago we had many oil companies and refineries in this country. Also I believe Pennsylvania is heavy in crude oil. https://www.yenko.net/ubbthreads/imag...iggthumpup.gif

Re: Do you think this will lower the price of gas?
 

We "Agree" 100%..........But........Reid "Still" has a Bag of Rocks for a Brain......... https://www.yenko.net/ubbthreads/imag...iggthumpup.gif

Ken https://www.yenko.net/ubbthreads/imag...mlins/flag.gif

Re: Do you think this will lower the price of gas?
 

You sound like you need to be in congress !! What a load of BS https://www.yenko.net/ubbthreads/imag...mlins/haha.gif https://www.yenko.net/ubbthreads/imag...mlins/haha.gif https://www.yenko.net/ubbthreads/imag...mlins/haha.gif https://www.yenko.net/ubbthreads/imag...lins/beers.gif

Re: Do you think this will lower the price of gas?
 

[ QUOTE ]
There is some right, and some wrong on both sides of the energy debate, but Picken's reference to the greatest shift of wealth is correct. Without a comprehensive balanced energy plan, we will jepordize our national security, and become not much more than a third world nation, goverened not by the people, but by unregulated commodity speculators, and mega corporations.

[/ QUOTE ]

We're damned close to that now.

Re: Do you think this will lower the price of gas?
 

For Amusement "Only"........LOL


https://www.youtube.com/watch?v=miXAZj-tcGI

https://www.youtube.com/watch?v=xxgV78vpNDk

Re: Do you think this will lower the price of gas?
 

I have not read every post in this thread, but I wanted to give an update. I live 9 miles from down town Chicago and gas around here is pretty high. I don't go far to work/school and fill my 2003 Crown Victoria up about every two weeks. The last time I got gas it cost me $4.17 per gallon. Today it was $3.99. I believe that 4 weelks ago when I got it was like $4.27? I guess it could go back to that $3.50?

Re: Do you think this will lower the price of gas?
 

Politics aside...just wait til the major oil companies post their 2nd quarter profits coupled with their excuses as to why they're reaming the American public. Bastards! https://www.yenko.net/ubbthreads/imag...lins/frown.gif

Re: Do you think this will lower the price of gas?
 

I say it doesn't matter what 'type' of energy we use (solar fossil wind hydrogen or whatever)...we are ALL going to pay. All these companies, the new and the old, will take complete advantage of American pockets....period. They aren't going to lower any price.

It amazes me that people and politicians really think that going to an 'alternative' fuel source will help us where it really counts - in our wallet. Nope! Not a chance. It's just not gonna happen. It makes no difference what source we use.

Re: Do you think this will lower the price of gas?
 

Don't forget that those countries owning more than a trillion U.S. dollars of our debt, China and India, are keeping the price of oil high by subsidizing the price back home. Both China and India subsidize gasoline and diesel prices to keep their economies producing all the computer software and hardware, toys, electronics, etc., etc.that we buy here. The price of gasoline in those nations is roughly $2.50/gallon, with the government picking up the balance. If they stopped the subsidies, the price would go equal what the rest of the world is paying and the consumption would drop. That would drop the price of gas here. These subsidies prevent the price of oil from falling because demand is increasing in China and India.

Re: Do you think this will lower the price of gas?
 

One other note, the high price of oil will bring about more exploration and more production, including shale oil from Canada and the oil sands of our West. But it will also bring about more innovation, something that makes America strong. Take a look at this video and you'll see that there is a positive side of the high price of oil. Here is just one company that can use algae to make any kind of fuel you want; gasoline, diesel, jet fuel, etc. The main scientist claims, as you'll see, that the process can supply the entire energy needs of the nation by using farms on 1/10th the area of New Mexico.

http://cc.pubco.net/www.valcent.net/...gro/index.html

Re: Do you think this will lower the price of gas?
 

Wow. More record profits for the oil companies announced today. In fact, the highest ever for any company in history. Ouch to our wallets.

Re: Do you think this will lower the price of gas?
 

[ QUOTE ]
Wow. More record profits for the oil companies announced today. In fact, the highest ever for any company in history. Ouch to our wallets.

[/ QUOTE ]

Wow...what a surprise! No one could see that coming... https://www.yenko.net/ubbthreads/imag...s/rolleyes.gif

Re: Do you think this will lower the price of gas?
 

[ QUOTE ]
Wow. More record profits for the oil companies announced today. In fact, the highest ever for any company in history. Ouch to our wallets.

[/ QUOTE ]

That's gross profit, not net.

Did you track the prices of those stocks today?

Re: Do you think this will lower the price of gas?
 

$138 Billion in Sales...$11.7 Billion in Profit (wouldn't that be net?)

Re: Do you think this will lower the price of gas?
 

Net profit is the measure of efficiency of a company. You have to divide net income before taxes by gross sales and express as a percent. When compared with prior periods, net profit on sales can reveal management efficiency trends.

However, I guess what I was getting at is that often, when a number is announced to the press, the public gets upset and say, "Look at those oil men . . . they're ripping us off!" when the reality is their profit margin is not something to shout home about.

Regardless, I believe profit is good and I don't hate a company that's maximizing profit.

Re: Do you think this will lower the price of gas?
 

the oil companies make 8 cents per gallon of gas, the federal government makes 17 cents per gallon in federal tax, and can't seem to use it in the places we need it, like filling the huge pot holes and maintaining bridges, you have to remember that the fuel cost all over the world have gone up not just here in the u.s.a.

Re: Do you think this will lower the price of gas?
 

That reported 11.7 Billion profit is over a 3 month period...that's $88,982.05 a minute!

http://citizentom.files.wordpress.co...g_w300h300.jpg

Re: Do you think this will lower the price of gas?
 

[ QUOTE ]
Net profit is the measure of efficiency of a company. You have to divide net income before taxes by gross sales and express as a percent. When compared with prior periods, net profit on sales can reveal management efficiency trends.

However, I guess what I was getting at is that often, when a number is announced to the press, the public gets upset and say, "Look at those oil men . . . they're ripping us off!" when the reality is their profit margin is not something to shout home about.

Regardless, I believe profit is good and I don't hate a company that's maximizing profit.

[/ QUOTE ]

You have to look at ROI, if you look at profit as a component of return on investment over the last 10 years the industry underperformed most Major Industrial sectors.

Re: Do you think this will lower the price of gas?
 

Another interesting article...
Why Oil Will Become Cheaper...

Re: Do you think this will lower the price of gas?
 

If we are going to limit the profits earned by the oil companies then we also must guarantee their minimum profitability as well, correct? Wow so now we have the government penalizing companies for profitability... which industry is next?


Now as far as drilling...
The land of the United States is not owned by the government it is owned by the people and we should be able to use it as we see fit, however that may be. If I own property and want to drill for oil, short of me directly harming an individual, there should be no meddling by the government.

Re: Do you think this will lower the price of gas?
 

Very complex.... Mineral Rights

Re: Do you think this will lower the price of gas?
 

check this out.....

http://www.nozzlerage.com/

Re: Do you think this will lower the price of gas?
 

11 billion dollar quarter doesn't seem like that much when you look at the banks that profit 400 billion dollars a year and need to get bailed out by the tax payer's, I'm not sticking up for the oil guy's but I think the media is pushing the blame in the wrong direction. heaven forbin we group doctors or lawyers in a group and look at the profits they yeald....