Why was the oil thread closed?
#16
speyguy, I see you are new. Please dont make this political as it will be closed. I want to see what information there is regarding what is going on. Now, all you could have asked was about the dollar value. Nothing else needed as everyone is aware of what is going on now politically. And yes, we are spoiled but 8 years ago, the exchange rate for dollar vs euro was much in our favor.
#18
I just talked to my financial advisor and asked him about oil. He said 2 things have cause oil to go up,1) No new factories since the 70's and 80' to produce the oil. He says they would have to spend close to $3m to get the plans laid out and what emission control devices are needed. $3M just to get plans for the emissions control devices! Now add enviroment effects planning, more multi-million dollar plans, now build it. And the emissions devices are not cheap.
Jon
Jon
#20
Thanks for the help.
trik396, is that the thread you were referring to??
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John_P
#21
thanks- the oil companies can edited by admin on my leg and tell me it's raining, but don't try and charge me $4/gallon for it!
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#22
Do some rough calculations on the percentage of increase in the cost of automobiles over the years, apply the same percentage of increase to 20 cents per gallon, add on all the taxes which apply to gasoline today, and see what you come up with. (And, while you're at it, check out the current price of gasoline in any European country.) I'm not happy paying well over $3 per gallon for gasoline, either. But I'm not yelling about some conspiracies on the part of robber barons or collusion (and/or incompetence) on the part of the administration.
#23
whatever, in europe the goverments control the fuel not private companies. so there prices are super tax high, but they (the people) get universal healthcare from it. its commie i know, but if im payin 4 or 5 dollars a gallon anyway, might as well have the goverment here take over and do the same thing. i would rather pay my money for fuel for some social program to help innercity kids or something than give it too 6 **** companies so they can give 400 million dollar bonuses to one old CEO. LATE
#24
whatever, in europe the goverments control the fuel not private companies. so there prices are super tax high, but they (the people) get universal healthcare from it. its commie i know, but if im payin 4 or 5 dollars a gallon anyway, might as well have the goverment here take over and do the same thing. i would rather pay my money for fuel for some social program to help innercity kids or something than give it too 6 **** companies so they can give 400 million dollar bonuses to one old CEO. LATE
I believe I'd rather hold to the credos that (a) that government is best which governs least, and (b) the business of America is business.
#25
so, INDIAN your a capitalist? ya, well for the record, i love it. but if u think there is ANY capitalism in regards to big oil, with respect your nuts. the essence of capitalism is COMPETITION! 6 COMPANIES AINT THAT BUB! late
#26
how's this for conspiracy theories- around the year 2000, cenco, a company of wealthy businessmen that included pat robertson, bought the powerine refinery in so. california. after getting preliminary approval for millions of dollars in loans to purchase crude, they set out to get the refinery up and running. out of no where the bank informed them that they would be recinding their offer of a loan- as a matter of fact, every bank suddenly refused to do business with them. they were amazed, as they had millions in collateral, and a great track record of huge profits in other business ventures. an anonymous 'whistle blower' from inside the bank, releases documents that show that all of the banks that refused to do business with cenco, had at least one of the major oil companies as their biggest corporate accounts/loans. cenco went before california as well as federal agencies, to voice their concerns over these practices, only to be told nothing could be done (surprise, surprise). in one of the last objections heard by cenco, about 7 years ago, pat robertson stated that if these practices are allowed to continue, the u.s. will see $3/gallon gas prices within a few years. several members of the group who were overseeing the proceedings chuckled at robertson's prediction.
#27
not suprising at all CHIP, these 6 big oil companies make in excess of 200 BILLION dollars in profits a year and they understand the number 1 rule in this manmade world, POWER IS NOT GIVEN ITS TAKEN. there lobbiests control washinton, period
#28
Second, go back and read the originating post on this topic. It was political from the very start. I love when some one starts a thread that contains things about "the federal government, Arabs, and oil companies" and a personal view about whatever. As long as everyone agrees with the good old boy point of view the thread can go on forever. But when someone offers up an opposing point of view then it becomes "political".
I think threads like these should be moved from the start into the "Other" section where they belong.
#29
don't get me wrong, i'm a capitalist and believe in free enterprise, low taxes, and making money, and believe we're all better off when the gov't leaves us alone, but don't tell me about a fair market price, when only a select few companies are allowed to produce that product. could you imagine if all the auto dealers in the u.s. were owned by the same few companies? if you want that new ctd, that'll be $60,000. off you go to another dodge dealership and low and behold, $60.000.99, and see ya later if you're looking for rebates, discounts, or special financing, because that went away with the competition.
#30
Administrator / Free Time Specialist
Joined: Nov 2005
Posts: 7,707
Likes: 14
From: Birmingham, Alabama
First off what does being new have to do with anything? If you look at my join date, I have been a member of this forum longer than you.
Second, go back and read the originating post on this topic. It was political from the very start. I love when some one starts a thread that contains things about "the federal government, Arabs, and oil companies" and a personal view about whatever. As long as everyone agrees with the good old boy point of view the thread can go on forever. But when someone offers up an opposing point of view then it becomes "political".
I think threads like these should be moved from the start into the "Other" section where they belong.
Second, go back and read the originating post on this topic. It was political from the very start. I love when some one starts a thread that contains things about "the federal government, Arabs, and oil companies" and a personal view about whatever. As long as everyone agrees with the good old boy point of view the thread can go on forever. But when someone offers up an opposing point of view then it becomes "political".
I think threads like these should be moved from the start into the "Other" section where they belong.