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Exxon

04-silver

By 04-silver
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04-silver Enthusiast

04-silver

Posted
Posted

The gas prices have drop considerably, no wonder

 

Exxon profits

 

:flag: What a joke

 

How much will gas be next summer? $.90-$1.00-$1.10-$1.20-$1.30 per Litre, Canadian eh.

 

Rats should of done a poll. :cheers:

 

ah what the heck, we're going across town for dinner and maybe do some Christmas shop in my big 6.0............ :crackup:

 

:gmc:

John

Clavin78 Enthusiast

Clavin78

Posted
Posted

Its amazing how people will take advantage of misfortunes (U.S. gas companies running up prices to make it believe that middle east has all the control) Bastards :cheers:

yukon4wd Enthusiast

yukon4wd

Posted
Posted

Most oil companies believe that the average consumer can not do basic math.

 

If Oil price increases from $50 to $60 that means $10 per barrel. A barrel is 50 gallons, so that means 20 cents per gallon. well I think we saw that a $10 a barrel price increase was a lot more than 20c at the pump, so its all bs.

plainvanilla Enthusiast

plainvanilla

Posted
Posted
Most oil companies believe that the average consumer can not do basic math.

 

If Oil price increases from $50 to $60 that means $10 per barrel.  A barrel is 50 gallons, so that means 20 cents per gallon. well I think we saw that a $10 a barrel price increase was a lot more than 20c at the pump, so its all bs.

 

 

 

 

 

Do your homework, a barrel of crude = 42 gallons.

Crude is different in different parts of the country. Some crude yeilds more gasoline than other crude, some crude yeilds more heavy products, like kerosene and jet fuel, some crude is too waxy some is so light its mainly good for solvents and other chemicals used to make plastics.

 

The futures market sets the prices for crude oil, people buying and selling contracts.

If your mad about it, get in on the investing side and like someone else said, buy stock in the oil companies, THEY ARE PUBLIC owned, the profits go towards alot more than salaries like research, exploration and oh year STOCK HOLDER DIVIDENDS.

 

Public companies are owned by the stock holders.

Wingnut Senior Enthusiast

Wingnut

Posted
Posted
The futures market sets the prices for crude oil, people buying and selling contracts.

If your mad about it, get in on the investing side and like someone else said, buy stock in the oil companies, THEY ARE PUBLIC owned, the profits go towards alot more than salaries like research, exploration and oh year STOCK HOLDER DIVIDENDS.

 

Public companies are owned by the stock holders.

 

 

 

 

Exactly. The "oil companies" don't have d*ck to do with the price at the pump. It's the speculators/investment folks that drive that crap up...And it's got nothing to do with anything other than making money. The only upshot to this, is anybody can get in on it.

plainvanilla Enthusiast

plainvanilla

Posted
Posted
The futures market sets the prices for crude oil, people buying and selling contracts.

If your mad about it, get in on the investing side and like someone else said, buy stock in the oil companies, THEY ARE PUBLIC owned, the profits go towards alot more than salaries like research, exploration and oh year STOCK HOLDER DIVIDENDS.

 

Public companies are owned by the stock holders.

 

 

 

 

Exactly. The "oil companies" don't have d*ck to do with the price at the pump. It's the speculators/investment folks that drive that crap up...And it's got nothing to do with anything other than making money. The only upshot to this, is anybody can get in on it.

 

 

 

 

 

If you really want to make a difference buy a Toyota Prius, pay $3000 more for it, drive it 4 years and buy a $4000 battery.

Make sure everyone sees you in it, pose for pictures and then get on your jet and fly accross the ocean to a global warming summit. :cool:

Wingnut Senior Enthusiast

Wingnut

Posted
Posted
If you really want to make a difference buy a Toyota Prius, pay $3000 more for it, drive it 4 years and buy a $4000 battery.

Make sure everyone sees you in it, pose for pictures and then get on your jet and fly accross the ocean to a global warming summit. :flag:

 

 

 

 

13 mpg (on a good day), and it only takes premium.

 

 

 

 

 

Yeah....I kinda went the other way on that one. :cool:

carneyman Senior Enthusiast

carneyman

Posted
Posted
If you really want to make a difference buy a Toyota Prius, pay $3000 more for it, drive it 4 years and buy a $4000 battery.

Make sure everyone sees you in it, pose for pictures and then get on your jet and fly accross the ocean to a global warming summit. :D

 

 

 

 

13 mpg (on a good day), and it only takes premium.

 

 

 

 

 

Yeah....I kinda went the other way on that one. :cool:

 

 

 

 

 

Yeah, but the ones we got are so much more fun to drive! Plus we look cooler. :flag:

gave20 Senior Enthusiast

gave20

Posted
Posted
Simply supply and demand folks.  Why don't you buy stock in the company and share in the profits?

 

 

 

 

 

Gas prices DO NOT follow the laws of supply and demand.

 

I don't like the stock market :flag: (I'm scared of it :cool: )

 

 

 

 

 

 

Umm...what law does it follow then? As demand increases so does price; the price increase maybe more inelastic than say a bag of potato chips but it still follows market demand.

 

The summer increase was thanks to market speculation that SUPPLY would be cut short which would put added strain on DEMAND, thus the price increase, because we didn't have disruption in supply prices settled to reasonable levels.

Wingnut Senior Enthusiast

Wingnut

Posted
Posted
Umm...what law does it follow then?  As demand increases so does price; the price increase maybe more inelastic than say a bag of potato chips but it still follows market demand.

 

The summer increase was thanks to market speculation that SUPPLY would be cut short which would put added strain on DEMAND, thus the price increase, because we didn't have disruption in supply prices settled to reasonable levels.

 

 

 

 

You answered your own question.

 

It doesn't follow the laws of supply and demand because the supply is seen to be short, and the demand is seen to be high...By people who are only "speculating"...Not by the ACTUAL demand or supply.

 

That's how it works in my head anyway.

carneyman Senior Enthusiast

carneyman

Posted
Posted
Umm...what law does it follow then?  As demand increases so does price; the price increase maybe more inelastic than say a bag of potato chips but it still follows market demand.

 

The summer increase was thanks to market speculation that SUPPLY would be cut short which would put added strain on DEMAND, thus the price increase, because we didn't have disruption in supply prices settled to reasonable levels.

 

 

 

 

You answered your own question.

 

It doesn't follow the laws of supply and demand because the supply is seen to be short, and the demand is seen to be high...By people who are only "speculating"...Not by the ACTUAL demand or supply.

 

That's how it works in my head anyway.

 

 

 

 

 

...you mean things actually work in your head?

asilverblazer Senior Enthusiast

asilverblazer

Posted
Posted

I heard gasoline demand is basically constant and doesn't drop as the price increases. So regardless of raising the cost (to curb demand) the demand remains high. (We still have to drive to work don't we? And it's not like I drive any less. I don't just hop in my car and go cruising around for a Sunday drive, never did, never will. Plus, if I am going on a vacation/road trip. I am going on a vacation/road trip regardless. I can't exactly plan my vacations within a tank full of Oklahoma City otherwise I might as well stay home and be bored.)

 

Gasoline is like Electricty, we all need it regardless of cost. Gasoline isn't a luxury item anymore. Nor does it matter that I drive a truck or a Prius, I still NEED gas. Maybe I'll start riding my bike 20 miles a day to go to work. I just feel sorry for those sitting next to me. :cool:

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