Gas tips

[trax]

All my time is spare time.

these words from a man who is currently, as I type, sitting at 4,580 posts. I believe him!

[Rick]

4586...no, wait, 87...no, 88....no,......

[Excalibur]

that was informative thanks it took me a little while to read all the links

[dilligaf2u2]

I desided to switch to pinto bean power. More beans and mare gas and I'll just toot down the road marrly making my way.

Don

[Rick]

Pity those behind you, Don.

[bulrush]

does any one know numbers on how much profit the oil companies made on the US market and any numbers between supply and demand vs cost hikes

You can pull SEC filings (for US public companies) for free on finance.yahoo.com and other financial sites. Their yearly reports will tell you their profits for that year, and probably gallons of gas sold or barrels of oil pumped.

[Excalibur]

Here is one the big five oil corps bosses were in congress thrying to explain a 123 BILLION dollar profit while we are getting hammered at the pump oh yeah just so they can add insult to injury they are trying to hold on to 18 billion in taxes

[crashdive123]

When you watch the grandstanding on CSPAN remeber a couple of things. The oil companies do not set the price at the pump and those that are asking the accusatory questions set the tax rates (a lot more revenue than the oil company profits)

[Rick]

It's a catch 22 isn't it? The American dream is to build a company into a Bill Gates type empire and when you do everyone mad mouths you.

[crashdive123]

Aint that the truth.

[Excalibur]

they posted 8.4 cents on the dollar, slightly higher than the S&P 500 for profit they also have maintained a close ballance between supply and demand but prices per barrel have rocketed in the last few months to over $100 a barrel. no crunch in supply, no major increase in demand so why the price hike

[crashdive123]

Commodities market, percieved disruptions in flow, actual disruptions in flow, panic.

[Rick]

I agree with the panic. At least one other possible explanation:

http://www.peakoil.net/headline-news...100-per-barrel

[Excalibur]

makes me think...supply and demand are at a ballance prices both for barrels and for gas at the pump, I dont remember any middle people complain of huge pay increase ie the refiners, pumpers, pipe guys ect. so where is the money goin oh in to the fat cats wallets and the powers that be are allowing it cause there neck deep in the profits

[beerrunner13]

Maybe becuse the dollar has devalued so much it takes more of your dollars to make the Arabs give up a barrel of oil. Don't know just a thought.

[crashdive123]

Maybe becuse the dollar has devalued so much it takes more of your dollars to make the Arabs give up a barrel of oil. Don't know just a thought.

Probably a lot of truth to that. But it's the Canada and Mexico that we've got to pay more (well at least we import more from them than the Middle East)

[Excalibur]

I will admit the dollar is loosing ground were facing a big recession housing is in a slum unemployment is at an all time high but the world still trades using US dollars but the crunch is also being felt in the powerfull and rising japan market, europe market and countries all over are still taking morgages out to pay for thier gas bills

[beerrunner13]

Both of you are correct, but the fact is our dollar is worth less all over the world. My mistake I should not have included on;y the Arabs..I am no economist but if our dollar was worth more it would not take as many of them to buy anything on the world market

[Rick]

Unemployment is not at an all time high. Far from it. Check the numbers. February rose to 4.9%. 1982 and 1983 saw 9.7% and 9.6% respectively. We're far from that.

Source: http://www.nidataplus.com/lfeus1.htm

[Excalibur]

I stand corrected on unemployment thanks whispers to kid this guy doesnt sleep lol