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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.

Spoiler!

Last edited by Donger; 10-10-2014 at 02:43 PM..
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Old 05-13-2007, 10:26 AM   #196
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Originally Posted by Spott
They would bring in record profits whether or not people conserved or not. They charge what they want because they can and their is basically nothing that can be done about it. The basic economic principles of supply and demand don't apply to them. It's the only industry where profit margin increases dramatically even when it's costs go up. Basically, oil companies are just ****ing everyone in the ass because they can.
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Old 05-13-2007, 10:30 AM   #197
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Quote:
Originally Posted by Spott
They would bring in record profits whether or not people conserved or not. They charge what they want because they can and their is basically nothing that can be done about it. The basic economic principles of supply and demand don't apply to them. It's the only industry where profit margin increases dramatically even when it's costs go up. Basically, oil companies are just ****ing everyone in the ass because they can.
Okay, so why do rates ever go down? Why don't the oil companies push it to $20 per gallon?
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Old 05-13-2007, 10:38 AM   #198
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Originally Posted by Adam
Okay, so why do rates ever go down? Why don't the oil companies push it to $20 per gallon?
Ah oh, now we're ****ed.







I'm sure it's been discussed in the board rooms, but it was probably pretty hard to hear with all the greedy palms being rubbed together.
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Old 05-13-2007, 10:38 AM   #199
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Originally Posted by Simplex3
I'm sure all these people wanting the oil companies to charge less also work for businesses that charge far below what they can for their goods/services and do so simply because it's the right thing to do.
I think it is different when it is a utility company, and oil companies fit into that IMO.

I would also say that they have no real competition, because obviously the price in one company isn't holding down the price in the others, like what happened to long distance telephone companies in the 90's.
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Old 05-13-2007, 10:46 AM   #200
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I wonder why the parts manufacturers haven't got into that kind of reasoning yet? Let's just limit the amount of parts we make until the price goes through the roof, and then clean up.

Hell, why not farmers? Gotta eat too.
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Old 05-13-2007, 10:47 AM   #201
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Quote:
Originally Posted by Bowser
Why haven't domestic oil companies used some of their monster profits to fix up existing refineries, or even God forbid, open new ones? Wasn't it reported that America is running only in the 80% range with its own refineries?
Haven't you asked this question before and gotten the answer?
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Old 05-13-2007, 10:50 AM   #202
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Quote:
Originally Posted by Spott
They would bring in record profits whether or not people conserved or not. They charge what they want because they can and their is basically nothing that can be done about it. The basic economic principles of supply and demand don't apply to them. It's the only industry where profit margin increases dramatically even when it's costs go up. Basically, oil companies are just ****ing everyone in the ass because they can.
The reason that they've been making record profits is because their refining costs don't increase with the price of crude, which they don't control mind you.

Oh, and last I checked, their profit margins are still right around 10%
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Old 05-13-2007, 01:22 PM   #203
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Originally Posted by Donger
Oh, and last I checked, their profit margins are still right around 10%

At this point, nobody in the general public cares about that little stat you like to bring out. If you can't understand that the petroleum industry and their rising price has more negative effect on the economy than any other industry out there, I can't help you. Nobody can.

The price of gas goes up, everything goes up.

Some things are more important than profit margins and 400 million retirement packages.
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Old 05-13-2007, 01:30 PM   #204
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there are so many people who live on the edge
of their incomes -bought the bigger house -nicer car
people will be hurting quickly
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Old 05-13-2007, 01:38 PM   #205
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Originally Posted by blueballs
there are so many people who live on the edge
of their incomes -bought the bigger house -nicer car
people will be hurting quickly
I'll believe that when SUV sales start plummeting and people are trading them in for Civics and Corollas.
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Old 05-13-2007, 01:46 PM   #206
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Quote:
Originally Posted by Saggysack
At this point, nobody in the general public cares about that little stat you like to bring out. If you can't understand that the petroleum industry and their rising price has more negative effect on the economy than any other industry out there, I can't help you. Nobody can.

The price of gas goes up, everything goes up.

Some things are more important than profit margins and 400 million retirement packages.
I only mention their profit margin when someone brings up oil company profits. It's just a fact. Sure, when they make a profit, it's huge because of the size of the market (you and me and everyone else that buys gasoline). But, there are plenty of other industries out there that make vastly higher PM.

I realize that high gasoline prices have an effect on most prices, thanks. Should the oil companies be selling gasoline below cost?
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Old 05-13-2007, 01:50 PM   #207
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Old 05-13-2007, 03:00 PM   #208
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Originally Posted by Donger
Haven't you asked this question before and gotten the answer?
You have me confused with someone else. That is the first time I've asked that.
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Old 05-13-2007, 03:31 PM   #209
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Quote:
Originally Posted by Donger
Haven't you asked this question before and gotten the answer?
He asked a similar question, but he got the answer to that one as well in post #136.

Quote:
Originally Posted by Donger
The current refinery squeeze has been building for years. For the past two decades, deregulation and low profits have combined to push the industry into consolidation. Partly because of environmental regulations, it was cheaper to expand existing refineries than to build new ones. In 1981, the US had 324 refineries with a total capacity of 18.6 million barrels per day, the Department of Energy reports. Today, there are just 132 oil refineries with a capacity of 16.8 million b.p.d., according to Oil and Gas Journal, a trade publication.
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Old 05-13-2007, 03:33 PM   #210
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Originally Posted by Bowser
You have me confused with someone else. That is the first time I've asked that.
Okay, that's certainly possible. I've answered that question multiple times in many threads. I think I answered it in this thread, too.

* EDIT - Post 104

Correct. There two reasons why the oil companies haven't built one: profit and red tape. A new refinery would be a huge capital expense. Sure, they presently have the cash, but realizing a profit from a new refinery would take years. Also, our government has made building (let alone getting one approved) a refinery an extremely painful process. Environmental regulations, politics, etc. Instead, they have chosen to expand existing refineries to meet demand (and import refined gasoline).

Sorry, for some reason I thought you had asked it before.
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Last edited by Donger; 05-13-2007 at 03:39 PM..
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