wild86stang said:Devil's Advocate: The government has to put so much tax on gas to try and keep comsumption down. It sucks, but at least it will delay the exhaustion of oil.
1991vert said:we get a very small % of oil from the middle east. we actually get most of it from venezuela/canada/mexico or something. im gonna call shananigans on this and say it's price gouging
302RollinHard said:Call "shenanigans" all you want. Blame it on China and India. With China/India becoming more industrialized (aka all those billions of Chinese/Indian people putting away bikes and driving cars) millions of barrels (1 barrel = 42 gallons) of oil supply is taken off the market while increasing demand = higher prices for the rest of the world. Don't get me wrong, oil companies are making huge amounts of money, but they have little to do with the prices. Supply/demand and traders in the NYMEX set the prices.
I will say another thing. "Shenanigans" as well, but why don't you all make some money off the oil companies in the form of buying stock?? That way at least you recoup some of your lost money due to gas prices. Shoot look and Chevron/Exxon and the like, they make billions, but give out ~$2/share (in a dividend)that someone owns. So if you own a couple hundred shares, there a few hundred dollars for you. Right back in your pocket. That is on top of stock appreciation. It doesn't help much, but something is better than nothing.5.0 con-vert said:True...but SHENANIGANS!!!
302RollinHard said:I will say another thing. "Shenanigans" as well, but why don't you all make some money off the oil companies in the form of buying stock?? That way at least you recoup some of your lost money due to gas prices. Shoot look and Chevron/Exxon and the like, they make billions, but give out ~$2/share (in a dividend)that someone owns. So if you own a couple hundred shares, there a few hundred dollars for you. Right back in your pocket. That is on top of stock appreciation. It doesn't help much, but something is better than nothing.
FLAME ON
Don't feel like a trader for making sound fiscal decisions.tjmaxx said:True but I would feel like a trader or something
302RollinHard said:Don't feel like a trader for making sound fiscal decisions.
Also don't forget the many years that these big bad oil companies couldn't hardly make money on a barrel of oil and shut in production. Oil prices have crashed before, and they probably will again. That industry is very cyclical in nature.
As for gas prices, all you can do is conserve and vote/not vote with your wallet.
Personally I would be thankful that all alot of us have to complain about is the price of gas. Lots of folks around the world have it much worse than we do regardless of $3 gasoline.
You are 100% right. They didn't sprout a billion people overnight, but 99.8% of them also didn't drive cars for the last 100 years either. Now that they are getting industrialized, cars are being driven vs bicycles ridden, and taking energy off the market. If you pay attention to the oil price it has been creeping up for the last few years. This sudden spike in oil price is mainly due to uncertainty in the market (wars, crazies as head of state, hurricanes) and the traders are trading with this uncertianty in mind. If you really look at oil companies profits, they are records because they are making record amounts of oil (and they still can't keep up with demand). Their actual unit profit has gone down due to increased costs. Sure they are making money hand over fist. That is their job. If you ran a business, you would be doing the same. Like I said, watch and the oil price will fall again, and the oil companies will lose money, lots of folks will lose their jobs, but noone will complain then. Except for those who are jobless. It will all come full circle.Zero_chance said:Sorry but china and india didnt sprout a billion people overnight. If it was because of that the price increase wouldve been gradual and not change 30 times a day. Its all horse****. Why is that all the oil companies are suddenly making record profits?
302RollinHard said:Call "shenanigans" all you want. Blame it on China and India. With China/India becoming more industrialized (aka all those billions of Chinese/Indian people putting away bikes and driving cars) millions of barrels (1 barrel = 42 gallons) of oil supply is taken off the market while increasing demand = higher prices for the rest of the world. Don't get me wrong, oil companies are making huge amounts of money, but they have little to do with the prices. Supply/demand and traders in the NYMEX set the prices.
302RollinHard said:Don't feel like a trader for making sound fiscal decisions.
Also don't forget the many years that these big bad oil companies couldn't hardly make money on a barrel of oil and shut in production. Oil prices have crashed before, and they probably will again. That industry is very cyclical in nature.
As for gas prices, all you can do is conserve and vote/not vote with your wallet.
Personally I would be thankful that all alot of us have to complain about is the price of gas. Lots of folks around the world have it much worse than we do regardless of $3 gasoline.
mattmcdan said:They don't raise prices nationwide overnight, its at the local level, it may go up .40 in your area but might go down on others. Its all about supply and demand.
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