Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > Daru's Lounge

Reply
 
Thread Tools Display Modes
Old 04-23-2007, 08:40 AM  
Donger Donger is offline
"Think BOOM!"
 
Donger's Avatar
 
Join Date: Nov 2003
Location: 33.675 N 106.475 W
Casino cash: $8476
VARSITY
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 01:43 PM..
Posts: 79,951
Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
  Reply With Quote
Old 05-14-2007, 06:38 PM   #256
Simplex3 Simplex3 is offline
MVP
 
Simplex3's Avatar
 

Join Date: Sep 2003
Casino cash: $5000
Quote:
Originally Posted by DenverChief
Actually I'd love to see the state gas tax eliminated and the federal gas tax slashed
Agreed. However, the govt. giving up taxes isn't a control in my book.
Posts: 28,527
Simplex3 would the whole thing.Simplex3 would the whole thing.Simplex3 would the whole thing.Simplex3 would the whole thing.Simplex3 would the whole thing.Simplex3 would the whole thing.Simplex3 would the whole thing.Simplex3 would the whole thing.Simplex3 would the whole thing.Simplex3 would the whole thing.Simplex3 would the whole thing.
  Reply With Quote
Old 05-14-2007, 06:40 PM   #257
Donger Donger is offline
"Think BOOM!"
 
Donger's Avatar
 

Join Date: Nov 2003
Location: 33.675 N 106.475 W
Casino cash: $8476
VARSITY
Quote:
Originally Posted by DenverChief
I bought a bicycle...f**k the oil companies
tommykat, see above. THAT'S effective. He's reducing his demand, not just delaying it.
__________________
I think the young people enjoy it when I "get down," verbally, don't you?
Posts: 79,951
Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
  Reply With Quote
Old 05-14-2007, 06:40 PM   #258
DenverChief DenverChief is offline
Lieutenant
 
DenverChief's Avatar
 

Join Date: Mar 2001
Casino cash: $13294
Quote:
Originally Posted by Simplex3
Agreed. However, the govt. giving up taxes isn't a control in my book.

they are controlling my wallet!
__________________
2013 ADOPT-A-CHIEF FRANK ZOMBO

Posts: 11,134
DenverChief Forgot to Remove His Claytex and Got Toxic Shock Syndrome.DenverChief Forgot to Remove His Claytex and Got Toxic Shock Syndrome.DenverChief Forgot to Remove His Claytex and Got Toxic Shock Syndrome.DenverChief Forgot to Remove His Claytex and Got Toxic Shock Syndrome.DenverChief Forgot to Remove His Claytex and Got Toxic Shock Syndrome.DenverChief Forgot to Remove His Claytex and Got Toxic Shock Syndrome.DenverChief Forgot to Remove His Claytex and Got Toxic Shock Syndrome.DenverChief Forgot to Remove His Claytex and Got Toxic Shock Syndrome.DenverChief Forgot to Remove His Claytex and Got Toxic Shock Syndrome.DenverChief Forgot to Remove His Claytex and Got Toxic Shock Syndrome.DenverChief Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 05-14-2007, 06:41 PM   #259
luv luv is offline
Can you feel?
 
luv's Avatar
 

Join Date: Dec 2004
Location: Springfield, MO
Casino cash: $11869
Quote:
Originally Posted by Donger
Okay. Well, thanks for making me write all that.
I guess I should at least compliment you. It was summarized and written well. It was also very easy to understand.
Quote:
I shall have to spank you.
I don't deserve it.
__________________
It's never too late to become the person you were meant to be.
Posts: 59,912
luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.
  Reply With Quote
Old 05-14-2007, 06:41 PM   #260
Simplex3 Simplex3 is offline
MVP
 
Simplex3's Avatar
 

Join Date: Sep 2003
Casino cash: $5000
Quote:
Originally Posted by RJ
Please excuuuusse me if this question already came up, but.....

I've been reading, both in this thread and elsewhere, that the oil industry runs on about a 10% profit margin. What I'm wondering is, has that 10% margin been consistent over years or is that a recent number? The reason why I ask is that, obviously, if your margin is 10% then you'd rather be making 10% on an $80 barrell than 10% on a $40 barrel, assuming consumption stays the same. And if that's the case then I don't see where it would be in the oil industry's interest to be proactive in keeping the PPB down from their suppliers.

Am I missing something, perhaps being too simplistic? I can't claim to know the first thing about that business beyond how to put their product in my car.
Making 10% on $80 is really no better than 10% on $40. It can be argued that 10% on $80 is significantly higher risk. It's double the income, but it's at least double the risk.

The oil companies don't always run in the black. They frequently run at a loss because their margins are so thin.
Posts: 28,527
Simplex3 would the whole thing.Simplex3 would the whole thing.Simplex3 would the whole thing.Simplex3 would the whole thing.Simplex3 would the whole thing.Simplex3 would the whole thing.Simplex3 would the whole thing.Simplex3 would the whole thing.Simplex3 would the whole thing.Simplex3 would the whole thing.Simplex3 would the whole thing.
  Reply With Quote
Old 05-14-2007, 06:42 PM   #261
luv luv is offline
Can you feel?
 
luv's Avatar
 

Join Date: Dec 2004
Location: Springfield, MO
Casino cash: $11869
Quote:
Originally Posted by Simplex3
Actually, I think she's trying to get us (me) to soften up on TommyKat.
Yes. I'm nice like that.


Carry on.
__________________
It's never too late to become the person you were meant to be.
Posts: 59,912
luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.
  Reply With Quote
Old 05-14-2007, 06:44 PM   #262
Donger Donger is offline
"Think BOOM!"
 
Donger's Avatar
 

Join Date: Nov 2003
Location: 33.675 N 106.475 W
Casino cash: $8476
VARSITY
Quote:
Originally Posted by RJ
Please excuuuusse me if this question already came up, but.....

I've been reading, both in this thread and elsewhere, that the oil industry runs on about a 10% profit margin. What I'm wondering is, has that 10% margin been consistent over years or is that a recent number? The reason why I ask is that, obviously, if your margin is 10% then you'd rather be making 10% on an $80 barrell than 10% on a $40 barrel, assuming consumption stays the same. And if that's the case then I don't see where it would be in the oil industry's interest to be proactive in keeping the PPB down from their suppliers.

Am I missing something, perhaps being too simplistic? I can't claim to know the first thing about that business beyond how to put their product in my car.
The oil companies do benefit from higher priced crude. It doesn't cost any more to refine a barrel at $10 a barrel versus $70 a barrel. So, their costs remain stable despite crude pricing.

As to their profit margin, it has fluctuated between, well, -10% to 10% now. The oil companies have lost billions in the past. Of course, no one remembers that fact. When oil was $15/barrel....
__________________
I think the young people enjoy it when I "get down," verbally, don't you?
Posts: 79,951
Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
  Reply With Quote
Old 05-14-2007, 06:46 PM   #263
Donger Donger is offline
"Think BOOM!"
 
Donger's Avatar
 

Join Date: Nov 2003
Location: 33.675 N 106.475 W
Casino cash: $8476
VARSITY
Quote:
Originally Posted by luv
I guess I should at least compliment you. It was summarized and written well. It was also very easy to understand.
Really? That surprising. I had a few drinks over dinner tonight, and I'm more than a little tipsy.

Quote:
Originally Posted by luv
I don't deserve it.
Perhaps you should try harder?
__________________
I think the young people enjoy it when I "get down," verbally, don't you?
Posts: 79,951
Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
  Reply With Quote
Old 05-14-2007, 06:52 PM   #264
DenverChief DenverChief is offline
Lieutenant
 
DenverChief's Avatar
 

Join Date: Mar 2001
Casino cash: $13294
BTW Simplex a tax is a form of Govt control but I understand what you are trying to say as in regulation
__________________
2013 ADOPT-A-CHIEF FRANK ZOMBO

Posts: 11,134
DenverChief Forgot to Remove His Claytex and Got Toxic Shock Syndrome.DenverChief Forgot to Remove His Claytex and Got Toxic Shock Syndrome.DenverChief Forgot to Remove His Claytex and Got Toxic Shock Syndrome.DenverChief Forgot to Remove His Claytex and Got Toxic Shock Syndrome.DenverChief Forgot to Remove His Claytex and Got Toxic Shock Syndrome.DenverChief Forgot to Remove His Claytex and Got Toxic Shock Syndrome.DenverChief Forgot to Remove His Claytex and Got Toxic Shock Syndrome.DenverChief Forgot to Remove His Claytex and Got Toxic Shock Syndrome.DenverChief Forgot to Remove His Claytex and Got Toxic Shock Syndrome.DenverChief Forgot to Remove His Claytex and Got Toxic Shock Syndrome.DenverChief Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 05-14-2007, 06:54 PM   #265
Simplex3 Simplex3 is offline
MVP
 
Simplex3's Avatar
 

Join Date: Sep 2003
Casino cash: $5000
Quote:
Originally Posted by DenverChief
BTW Simplex a tax is a form of Govt control but I understand what you are trying to say as in regulation
Yeah, what he said.
Posts: 28,527
Simplex3 would the whole thing.Simplex3 would the whole thing.Simplex3 would the whole thing.Simplex3 would the whole thing.Simplex3 would the whole thing.Simplex3 would the whole thing.Simplex3 would the whole thing.Simplex3 would the whole thing.Simplex3 would the whole thing.Simplex3 would the whole thing.Simplex3 would the whole thing.
  Reply With Quote
Old 05-14-2007, 06:55 PM   #266
luv luv is offline
Can you feel?
 
luv's Avatar
 

Join Date: Dec 2004
Location: Springfield, MO
Casino cash: $11869
Quote:
Originally Posted by Donger
Perhaps you should try harder?
Perhaps.
__________________
It's never too late to become the person you were meant to be.
Posts: 59,912
luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.luv is obviously part of the inner Circle.
  Reply With Quote
Old 05-14-2007, 07:14 PM   #267
RJ RJ is offline
Bon vivant....occasionally.
 
RJ's Avatar
 

Join Date: Oct 2000
Location: In a shotgun shack
Casino cash: $5128
Quote:
Originally Posted by Donger
The oil companies do benefit from higher priced crude. It doesn't cost any more to refine a barrel at $10 a barrel versus $70 a barrel. So, their costs remain stable despite crude pricing.

As to their profit margin, it has fluctuated between, well, -10% to 10% now. The oil companies have lost billions in the past. Of course, no one remembers that fact. When oil was $15/barrel....


Not that I doubt you, but I have to wonder how they could lose money selling a product that most of us can't do without. How many years ago are you talking? Also, how did they have losses comparable to today's profits when they were paying $15 PB? I'm assuming that the crude is their greatest cost, is that correct? Or does getting it here and refining it cost more? It just seems like if they were losing money it was probably their fault. But again, I don't know jack about it, I'm just making some general assumptions.
Posts: 14,773
RJ 's adopt a chief was Sabby PiscitelliRJ 's adopt a chief was Sabby PiscitelliRJ 's adopt a chief was Sabby PiscitelliRJ 's adopt a chief was Sabby PiscitelliRJ 's adopt a chief was Sabby PiscitelliRJ 's adopt a chief was Sabby PiscitelliRJ 's adopt a chief was Sabby PiscitelliRJ 's adopt a chief was Sabby PiscitelliRJ 's adopt a chief was Sabby PiscitelliRJ 's adopt a chief was Sabby PiscitelliRJ 's adopt a chief was Sabby Piscitelli
  Reply With Quote
Old 05-14-2007, 08:02 PM   #268
Donger Donger is offline
"Think BOOM!"
 
Donger's Avatar
 

Join Date: Nov 2003
Location: 33.675 N 106.475 W
Casino cash: $8476
VARSITY
Quote:
Originally Posted by RJ
Not that I doubt you, but I have to wonder how they could lose money selling a product that most of us can't do without. How many years ago are you talking? Also, how did they have losses comparable to today's profits when they were paying $15 PB? I'm assuming that the crude is their greatest cost, is that correct? Or does getting it here and refining it cost more? It just seems like if they were losing money it was probably their fault. But again, I don't know jack about it, I'm just making some general assumptions.
Sorry for the confusion. I'm probably talking too much about refining, since it relates directly to gasoline pricing.

Oil companies also, of course, also drill for crude which they then sell on the open market. Say they have a field that they've been producing from for some time. They've already invested the capital (rigs, drills, etc) to produce from that field. So, say the price of crude is at $15/barrel. Their costs exceed that. However, now say that crude is trading at $70. As you can see, the profit then becomes considerable.

I don't remember the exact timing of the last bust, but I believe it was in the late 80s and early 90s.
__________________
I think the young people enjoy it when I "get down," verbally, don't you?
Posts: 79,951
Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
  Reply With Quote
Old 05-14-2007, 09:34 PM   #269
RJ RJ is offline
Bon vivant....occasionally.
 
RJ's Avatar
 

Join Date: Oct 2000
Location: In a shotgun shack
Casino cash: $5128
Ok Donger, that helps me. Yes, I recall the 80's oil bust. Where I'm mixed up is that I always thought the Middle East oil was probably extracted by the Arabs and then sold to American companies. I figured we were only pulling our own oil out of the ground. So yes, it's understandable that if it cost them more to get it out and then to market than they could sell it for that would be a problem and I can see how that could easily happen.

Still, it's hard to imagine that those losses could come near the profits they are seeing now. But on the other hand, they obviously have no idea how long they'll be able to ride this wave and would want to earn every dime they can now.

This issue is hard for me, being a left leaning Libertarian capitalist with an inherent distrust of Big Government and Corporate America. I gots no problem with folks making money but at the same time I smell some rats.

Like they say, follow the money.
Posts: 14,773
RJ 's adopt a chief was Sabby PiscitelliRJ 's adopt a chief was Sabby PiscitelliRJ 's adopt a chief was Sabby PiscitelliRJ 's adopt a chief was Sabby PiscitelliRJ 's adopt a chief was Sabby PiscitelliRJ 's adopt a chief was Sabby PiscitelliRJ 's adopt a chief was Sabby PiscitelliRJ 's adopt a chief was Sabby PiscitelliRJ 's adopt a chief was Sabby PiscitelliRJ 's adopt a chief was Sabby PiscitelliRJ 's adopt a chief was Sabby Piscitelli
  Reply With Quote
Old 05-16-2007, 10:45 AM   #270
Donger Donger is offline
"Think BOOM!"
 
Donger's Avatar
 

Join Date: Nov 2003
Location: 33.675 N 106.475 W
Casino cash: $8476
VARSITY
http://money.cnn.com/2007/05/16/news...ex.htm?cnn=yes

Gas prices hit record for 4th day

AAA's average for a gallon of regular tops $3.10 for first time, the fourth daily record high in a row; more price rises seen.

NEW YORK (CNNMoney.com) -- Gasoline prices hit a record high for the fourth straight day Wednesday, according to AAA, and more records could be on the way.

The motorist group said the average price for a gallon of self-serve unleaded gasoline rose to $3.103 in its latest reading, which is based on a daily survey of purchases at up to 85,000 gas stations. That's up from Tuesday's record of $3.087 a gallon. Prices are now up 2.3 percent in just the last week and 8.6 percent over the last month.

Before Sunday's record, the highest price ever recorded in the survey was $3.057, which was set Sept. 4 and Sept. 5, 2005, after Hurricane Katrina disrupted refinery operations and pipelines and caused a spike in prices. But on Sunday prices topped that mark for the first time, hitting $3.064, followed by $3.073 on Monday.
6 ways to lower gas prices

California had the highest average price, with a gallon of self-serve unleaded costing $3.474 in the latest survey, although that was off of Tuesday's reading of $3.478.

South Carolina had the cheapest gas, but it is also creeping toward the mark of $3 a gallon with an average price of $2.853, up from $2.838 on Tuesday. Thirty-three states and the District of Columbia now have average prices at or above $3 a gallon, with Kentucky, Florida and Maryland crossing that threshold in Wednesday's reading. Pennsylvania, at $2.992, and Massachusetts, at $2.986, are poised to be the next to join that group.

The Energy Information Administration's weekly survey of service station prices also found Monday a new record high of $3.10 a gallon for unleaded. That was up 5 cents from a week earlier and up 16 percent over year-ago levels.

And there's likely to be more price increases ahead, according to EIA chief Guy Caruso.
__________________
I think the young people enjoy it when I "get down," verbally, don't you?
Posts: 79,951
Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.Donger is obviously part of the inner Circle.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump




All times are GMT -6. The time now is 05:04 AM.


This is a test for a client's site.
A new website that shows member-created construction site listings that need fill or have excess fill. Dirt Monkey @ https://DirtMonkey.net
Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.