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Old 04-23-2007, 09:40 AM  
Donger Donger is offline
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Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab

http://www.bloomberg.com/apps/news?p...d=afOlUzd30YOo

Pretty alarmist, IMO, but possible.

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Last edited by Donger; 10-10-2014 at 02:43 PM..
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Old 10-05-2012, 11:35 AM   #3826
Deberg_1990 Deberg_1990 is offline
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Originally Posted by Donger View Post
You want the federal government to fix prices?
Well, Obama did tell everyone the other night that Exxon makes too much money.
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Old 10-05-2012, 11:36 AM   #3827
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Originally Posted by Donger View Post
Actually, the high prices in SoCal right now are due to refinery issues impacting supply. This has nothing to do with the price of crude.
Actually, the high prices in SoCal are due to profiteering corporate criminals. As is the case in NY & Denver. Pretty much everywhere.

Corporate profits are at an all time high. These ****s are leading the way.

This country hasn't built refineries in decades. Nice job ****ing america for $$$. ****ing criminals.
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Old 10-05-2012, 11:38 AM   #3828
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Originally Posted by Lou_Zare View Post
Actually, the high prices in SoCal are due to profiteering corporate criminals. As is the case in NY & Denver. Pretty much everywhere.

Corporate profits are at an all time high. These ****s are leading the way.

This country hasn't built refineries in decades. Nice job ****ing america for $$$. ****ing criminals.
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Old 10-05-2012, 01:23 PM   #3829
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Old 10-05-2012, 01:30 PM   #3830
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Originally Posted by Donger View Post
I have no personal fiscal benefit in high crude prices, but I don't really understand what you mean by "regulate it." You want the federal government to fix prices?
Absolutely. If we feel it's necessary to control cable, phone, and electric prices, we should ABSOLUTELY be doing it with oil.
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Old 10-05-2012, 01:37 PM   #3831
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Originally Posted by Mr. Flopnuts View Post
Absolutely. If we feel it's necessary to control cable, phone, and electric prices, we should ABSOLUTELY be doing it with oil.
You are aware that crude is a globally-traded commodity, and that gasoline is refined from crude, yes?
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Old 10-05-2012, 01:56 PM   #3832
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Originally Posted by Donger View Post
You are aware that crude is a globally-traded commodity, and that gasoline is refined from crude, yes?
I think that the government could provide it to it's citizens much cheaper if it controlled the entire process. It really goes against all of my principles regarding government, however if sheer greed dictates that 48 billion in profits a year from 1 oil company alone is the standard, it's time to take away the privilege.

And let's be clear. Gasoline and oil are a necessity of modern life. Putting all of that extra money into the rest of the economy would probably help as well.
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Old 10-05-2012, 02:00 PM   #3833
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Quote:
Originally Posted by Mr. Flopnuts View Post
I think that the government could provide it to it's citizens much cheaper if it controlled the entire process. It really goes against all of my principles regarding government, however if sheer greed dictates that 48 billion in profits a year from 1 oil company alone is the standard, it's time to take away the privilege.

And let's be clear. Gasoline and oil are a necessity of modern life. Putting all of that extra money into the rest of the economy would probably help as well.
I see. You want to nationalize our energy companies.

And, as has been said, the profit margin for the energy companies is actually relatively low.
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Old 10-05-2012, 02:06 PM   #3834
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I see. You want to nationalize our energy companies.

And, as has been said, the profit margin for the energy companies is actually relatively low.
I'm ignorant to this compared to you. I admit it. Explain to me if you will how $48 billion dollars in net profit for 1 company of many in this industry is relatively low?
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Old 10-05-2012, 02:07 PM   #3835
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Originally Posted by Mr. Flopnuts View Post
I'm ignorant to this compared to you. I admit it. Explain to me if you will how $48 billion dollars in net profit for 1 company of many in this industry is relatively low?
Because they wanted $49 BILLION.

Stupid.
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Old 10-05-2012, 02:08 PM   #3836
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I wonder how much gas would cost in a Nationalized non profit setting. I remember hearing someone say that a guy who worked in the industry stated that anything over 1.50 a gallon for gas equaled being raped. Now, this was supposedly a few years ago, but I can't imagine the inflation being more than say, $2 a gallon now. There is no doubt these guys would be turning a profit with gasoline at $2-$2.50 a gallon.
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Old 10-05-2012, 02:09 PM   #3837
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Quote:
Originally Posted by frazod View Post
Because they wanted $49 BILLION.

Stupid.
My heart bleeds for them.
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Old 10-05-2012, 02:10 PM   #3838
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My heart bleeds for them.
Yeah, it's ****ing tragic, ain't it?

Little Buffy going to have to settle for a Porshe for her 16th birthday instead of the Maserati she had her heart set on.
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Old 10-05-2012, 02:11 PM   #3839
Donger Donger is offline
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Originally Posted by Mr. Flopnuts View Post
I'm ignorant to this compared to you. I admit it. Explain to me if you will how $48 billion dollars in net profit for 1 company of many in this industry is relatively low?
Because the actual dollar amount isn't important. Net profit margin is. The major energy companies make about 8% profit margin, which basically means that they make $0.08 of profit for every dollar of revenue.
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Old 10-05-2012, 02:13 PM   #3840
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Because the actual dollar amount isn't important. Net profit margin is. The major energy companies make about 8% profit margin, which basically means that they make $0.08 of profit for every dollar of revenue.
So they spend roughly $500 billion in order to make that $48 billion?
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