Why is gas So High?
I am thinking it is time to elect President and vice President that are not tied into Oil.
It is costing me over 500.00 a month for gas[:(!]
Ok I fell better now... Sort of[:I]
It is costing me over 500.00 a month for gas[:(!]
Ok I fell better now... Sort of[:I]
0
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Except POTUS and V-POTUS have nothing to do with the price of oil. Oil is a freely-traded commodity that you and I and anyone else can purchase.
Blaming POTUS for the price of oil is nothing more than political gameplaying designed to garner hatred for one party and sympathy for another.0 -
$$$
[:D]0 -
quote:Originally posted by spanielsells
Except POTUS and V-POTUS have nothing to do with the price of oil. Oil is a freely-traded commodity that you and I and anyone else can purchase.
Blaming POTUS for the price of oil is nothing more than political gameplaying designed to garner hatred for one party and sympathy for another.
Are you saying there are no pro gun presidential candidates that are not from oil families?0 -
Well I think Dick was the vice president of a major oil company. The president and vice president really can not do anything in the short term. What needs to be done is a long term over haul of our culture. People have really need to cut back and not travel as much and try whenever possible to buy a new technologies to limit oil use,but however good it may sound I do not look for any of that to change even in my generation. 0 -
chrishiher
The weather is changing here to Bike weather and I will be riding all summer at 40 MPG[^] and parking my 10MPG truck0 -
quote:Originally posted by MVP
quote:Originally posted by spanielsells
Except POTUS and V-POTUS have nothing to do with the price of oil. Oil is a freely-traded commodity that you and I and anyone else can purchase.
Blaming POTUS for the price of oil is nothing more than political gameplaying designed to garner hatred for one party and sympathy for another.
Are you saying there are no pro gun presidential candidates that are not from oil families?
Um, no. What thread are you reading?0 -
Why are gas prices so high? GREED!, The oil companies won't be happy until the price of gas is stuck around $3.00 per gallon. 0 -
quote:Originally posted by spanielsells
quote:Originally posted by MVP
quote:Originally posted by spanielsells
Except POTUS and V-POTUS have nothing to do with the price of oil. Oil is a freely-traded commodity that you and I and anyone else can purchase.
Blaming POTUS for the price of oil is nothing more than political gameplaying designed to garner hatred for one party and sympathy for another.
Are you saying there are no pro gun presidential candidates that are not from oil families?
Um, no. What thread are you reading?
The one where you are quoted saying I am playing a political game to garner hatred for a political party and sympathy for another.
I didn't think that me saying I wanted a president that was not tied to oil meant that I could not find one in the political party of my choice.0 -
I have to agree that driving something with better milage is a step in the right direction, but for me it is simply not enough. My condolances to anyone who drives something that gets better milage but what i am really talking about is no going for a drive just because you can. I looking at the culture of people in our country 200 years ago granted they did'nt have cars but they really did not need to go to florida either. Kinda personal on the end there. 0 -
quote:Originally posted by MVP
quote:Originally posted by spanielsells
quote:Originally posted by MVP
quote:Originally posted by spanielsells
Except POTUS and V-POTUS have nothing to do with the price of oil. Oil is a freely-traded commodity that you and I and anyone else can purchase.
Blaming POTUS for the price of oil is nothing more than political gameplaying designed to garner hatred for one party and sympathy for another.
Are you saying there are no pro gun presidential candidates that are not from oil families?
Um, no. What thread are you reading?
The one where you are quoted saying I am playing a political game to garner hatred for a political party and sympathy for another.
I didn't think that me saying I wanted a president that was not tied to oil meant that I could not find one in the political party of my choice.
Whoa there. Back the truck up.
I did not say you were playing a political game, and I'm sorry you misunderstood what I was saying. I was referring to the PTB and the Talking Heads that like to stir up the uninformed.
I'm talking Democrat leadership as well as their lackeys over at CBS, NBC, ABC, CNN and the NYT.0 -
quote:Originally posted by sarge_3ad
Why are gas prices so high? GREED!, The oil companies won't be happy until the price of gas is stuck around $3.00 per gallon.
Oil companies are in the business of making money. So, yes, in a way, it is greed.
Big Oil does not determine the price of gas (or oil), though. It is a commodity. The people that purchase gas and oil futures (which can be you, me or anyone else) determine the cost of gas and oil, and there is also issues of supply and demand. And, when supply issues rear their head (such as hurricanes, disasters, war, etc.) the price goes up. When demand is seen to increase (summer driving, etc.) the price goes up. When these things fall by the wayside, the price declines.
If you want to help drive down the cost of gas or oil, you need to increase supply. What's the best way to increase supply? Drill more and build more refineries.0 -
Price is a function of demand. The more demand the higher the price. China and India are growing fast and the demand is still growing.
When wages and prices are adjusted for inflation we are not paying more than we were 40 years ago. Yes prices have increased-but relative to past prices and buying power they are about the same.0 -
Mono means one, just one. The last time I looked there were considerably more than one company and country involved in oil. No monopoly.
You might have a slight, though weak, argument that it is an oligopoly.0 -
quote:spanielsells:
Big Oil does not determine the price of gas (or oil), though. It is a commodity. The people that purchase gas and oil futures (which can be you, me or anyone else) determine the cost of gas and oil, and there is also issues of supply and demand. And, when supply issues rear their head (such as hurricanes, disasters, war, etc.) the price goes up. When demand is seen to increase (summer driving, etc.) the price goes up. When these things fall by the wayside, the price declines.
Kidding, right?
With almost all 'oil shortages' and 'gas shortages' the supply has been high - sometimes over the top.
What we have here is a "monopoly" - pure and simple.
What separates true gouging from other kinds of price increases is customer choice or the lack thereof- what economists term "monopoly power." Companies increase their monopoly power, and may start gouging, when the demand from their customers becomes more "inelastic." That means customers are less sensitive to price, usually because they have lost access to substitutes. This theory explains why popcorn is more expensive in movie theaters than in grocery stores-once you're inside the theater, you either pay the premium or you don't get to munch. Applied to hurricanes, for example, the theory predicts that if desperate people will pay high prices for necessities, then a company without any competition will be able to take advantage of them. The idea behind anti-gouging laws is to help people who were stuck without alternatives, through no fault of their own.[8D]0 -
quote:dlrjj:
Mono means one, just one. The last time I looked there were considerably more than one company and country involved in oil. No monopoly.
Interesting concept of monopoly in a market manipulation situation as we've had since the mid-1970s..
Spoken like a Real American SHEEPLE.[:D]0 -
Garbage, and YOU know enough to know better than that. You're just playing games here Zip. 0 -
Really?
Don't think so - will be back later.
Maybe I can shed some more light.[8D]0 -
quote:Originally posted by zipperzap
quote:spanielsells:
Big Oil does not determine the price of gas (or oil), though. It is a commodity. The people that purchase gas and oil futures (which can be you, me or anyone else) determine the cost of gas and oil, and there is also issues of supply and demand. And, when supply issues rear their head (such as hurricanes, disasters, war, etc.) the price goes up. When demand is seen to increase (summer driving, etc.) the price goes up. When these things fall by the wayside, the price declines.
Kidding, right?
With almost all 'oil shortages' and 'gas shortages' the supply has been high - sometimes over the top.
What we have here is a "monopoly" - pure and simple.
What separates true gouging from other kinds of price increases is customer choice or the lack thereof- what economists term "monopoly power." Companies increase their monopoly power, and may start gouging, when the demand from their customers becomes more "inelastic." That means customers are less sensitive to price, usually because they have lost access to substitutes. This theory explains why popcorn is more expensive in movie theaters than in grocery stores-once you're inside the theater, you either pay the premium or you don't get to munch. Applied to hurricanes, for example, the theory predicts that if desperate people will pay high prices for necessities, then a company without any competition will be able to take advantage of them. The idea behind anti-gouging laws is to help people who were stuck without alternatives, through no fault of their own.[8D]
Zipperzap,
You read half my post and ignored the other half. Go back and re-read it, especially where it says that oil is a commodity. A huge part of determining the price has to do with "delivery" dates of gasoline on the futures market.
This is not Big Oil setting prices. This is you, me, and anyone else who can buy and sell oil/gas futures who are setting the prices.0 -
Here is a link that will connect you to clickable links to each of the following groups of oil companies/countries.
Check to see how many there are in just the United States.
There are a couple of thousand oil companies. That does not meet any definition of a monopoly.
Mono means one, not two thousand.
http://en.wikipedia.org/wiki/Category:Oil_companies_by_country
A
[+] Oil and gas companies of Algeria
[+] Oil and gas companies of Angola
[+] Oil and gas companies of Argentina
[+] Oil and gas companies of Armenia
[+] Oil and gas companies of Australia
[+] Oil and gas companies of Austria
[+] Oil and gas companies of Azerbaijan
B
[+] Oil and gas companies of Bahrain
[+] Oil and gas companies of Belgium
[+] Oil and gas companies of Benin
[+] Oil and gas companies of Bolivia
[+] Oil and gas companies of Bosnia and Herzegovina
[+] Oil and gas companies of Brazil
[+] Oil and gas companies of Bulgaria
C
[+] Oil companies of Canada
[+] Oil and gas companies of Chile
[+] Oil and gas companies of the People's Republic of China
[+] Oil and gas companies of the Republic of the Congo
[+] Oil and gas companies of Cuba
D
[+] Oil and gas companies of Denmark
E
[+] Oil and gas companies of Ecuador
[+] Oil and gas companies of Equatorial Guinea
F
[+] Oil companies of Finland
[+] Oil companies of France
G
[+] Oil and gas companies of Gabon
[+] Oil companies of Germany G cont.
[+] Oil and gas companies of Greece
H
[+] Oil and gas companies of Hong Kong
[+] Oil and gas companies of Hungary
I
[+] Oil and gas companies of India
[+] Oil and gas companies of Indonesia
[+] Oil and gas companies of Iran
[+] Oil and gas companies of Ireland
[+] Oil and gas companies of Israel
[+] Oil and gas companies of Italy
J
[+] Oil companies of Japan
K
[+] Oil and gas companies of Kazakhstan
[+] Oil companies of South Korea
[+] Oil and gas companies of Kuwait
L
[+] Oil and gas companies of Libya
[+] Oil companies of Lithuania
M
[+] Oil and gas companies of Madagascar
[+] Oil and gas companies of Malaysia
[+] Oil and gas companies of Mexico
[+] Oil and gas companies of Moldova
[+] Oil and gas companies of Morocco
N
[+] Oil companies of the Netherlands
[+] Oil and gas companies of New Zealand
[+] Oil and gas companies of Nigeria
[+] Petroleum companies of Norway
O
[+] Oil and gas companies of Oman
P
[+] Oil and gas companies of Pakistan
[+] Oil and gas companies of the Philippines P cont.
[+] Oil and gas companies of Poland
[+] Oil and gas companies of Portugal
R
[+] Oil and gas companies of Romania
[+] Oil companies of Russia
S
[+] Oil and gas companies of Saudi Arabia
[+] Oil and gas companies of Serbia
[+] Oil and gas companies of Singapore
[+] Oil and gas companies of Slovenia
[+] Oil and gas companies of South Africa
[+] Oil companies of Spain
[+] Oil and gas companies of Sudan
[+] Oil companies of Sweden
[+] Oil and gas companies of Switzerland
T
[+] Oil and gas companies of Taiwan
[+] Oil and gas companies of Thailand
[+] Oil and gas companies of Togo
[+] Oil and gas companies of Tunisia
[+] Oil and gas companies of Turkey
U
[+] Oil and gas companies of Ukraine
[+] Oil and gas companies of the United Arab Emirates
[+] Oil and gas companies of the United Kingdom
[+] Oil companies of the United States
[+] Oil and gas companies of Uzbekistan
V
[+] Oil and gas companies of Venezuela
[+] Oil and gas companies0 -
The gubment makes more money off of gas than the erl componies. Herya in Louisiana, we pay about a buck and a quarter or more in taxes on gas at the pump. The erl comp., supplier, and retailer make about 5 to 10 cents per gallon. Seems bassackwards don't it?
And just how many refineries are in your state? We got a bunch and wer'e still paying about $2.75/gal for regular right now. Diesel is just plain stoopid. Blame the tree huggers for that. There is now more than one blend of dsl, which means more it cost more.
If Florida, Abalama, the east and West cost states would open up to business that REALLY pays taxes, the US could probably enjoy low price gasoline. But.....they have the NIMBY attitude so they get tapped.
Oh, and crude oil is a commonly traded commodity. Blame your dentist for the high price of gas.[:D]0 -
SCorvers +1
... will be back later.0 -
quote:Originally posted by spanielsells
Except POTUS and V-POTUS have nothing to do with the price of oil. Oil is a freely-traded commodity that you and I and anyone else can purchase.
Blaming POTUS for the price of oil is nothing more than political gameplaying designed to garner hatred for one party and sympathy for another.
Well said! I hear the oil companies are buying into the ethonal and corn business now, so once they have control of that they will nail us from that side also. Price of corn is up 50% already and since they use natural gas in the process that is going to jump a bunch.0 -
I think we are also seeing a rise due to the weak dollar. The dollar just isn't buying as much oil as it did a year ago. 0 -
quote:Originally posted by SCorvers
The gubment makes more money off of gas than the erl componies. Herya in Louisiana, we pay about a buck and a quarter or more in taxes on gas at the pump. The erl comp., supplier, and retailer make about 5 to 10 cents per gallon. Seems bassackwards don't it?
And just how many refineries are in your state? We got a bunch and wer'e still paying about $2.75/gal for regular right now. Diesel is just plain stoopid. Blame the tree huggers for that. There is now more than one blend of dsl, which means more it cost more.
If Florida, Abalama, the east and West cost states would open up to business that REALLY pays taxes, the US could probably enjoy low price gasoline. But.....they have the NIMBY attitude so they get tapped.
Oh, and crude oil is a commonly traded commodity. Blame your dentist for the high price of gas.[:D]
Check your figures again LA combined gas tax rate is 38.4 per gallon not 1.250 -
quote:Originally posted by wipala
quote:Originally posted by SCorvers
The gubment makes more money off of gas than the erl componies. Herya in Louisiana, we pay about a buck and a quarter or more in taxes on gas at the pump. The erl comp., supplier, and retailer make about 5 to 10 cents per gallon. Seems bassackwards don't it?
And just how many refineries are in your state? We got a bunch and wer'e still paying about $2.75/gal for regular right now. Diesel is just plain stoopid. Blame the tree huggers for that. There is now more than one blend of dsl, which means more it cost more.
If Florida, Abalama, the east and West cost states would open up to business that REALLY pays taxes, the US could probably enjoy low price gasoline. But.....they have the NIMBY attitude so they get tapped.
Oh, and crude oil is a commonly traded commodity. Blame your dentist for the high price of gas.[:D]
Check your figures again LA combined gas tax rate is 38.4 per gallon not 1.25
State Gasoline Taxes
Gasoline taxes are levied in various ways in different states. Some states, such as Louisiana, levy a flat rate per gallon. Others charge a tax similar to a sales tax in that it applies to the monetary amount of the gasoline sold. Other states allow local communities to levy gasoline taxes in addition to any state taxes that might be levied. The following table only shows the statewide taxes.
*The Federal Tax of 18.4 cents per gallon is collected in all states in addition to any state or local taxes on gasoline sales. State Tax/Cents per gallon* State Tax/Cents per Gallon*
Alabama 18 Montana 27.75
Alaska 8 Nebraska 24.8
Arizona 18 Nevada 23
Arkansas 21.5 New Hampshire 18
California 18 New Jersey 14.5
Colorado 22 New Mexico 17
Connecticut 25 New York 33.55
Delaware 23 North Carolina 24.6
D.C 20 North Dakota 21
Florida 14.3 Ohio 26
Georgia 7.5 Oklahoma 16
Hawaii 16 Oregon 24
Idaho 25 Pennsylvania 27.3
Illinois 19 Rhode Island 30
Indiana 18 South Carolina 16
Iowa 20.5 South Dakota 22
Kansas 24 Tennessee 20
Kentucky 15 Texas 20
Louisiana 20 Utah 24.5
Maine 25.2 Vermont 20
Maryland 23.5 Virginia 17.5
Mass 23.5 Washington 28
Michigan 19 West Virginia 20.5
Minnesota 20 Wisconsin 32.1
Mississippi 18 Wyoming 14
Missouri 17 Federal Tax Rate 18.40 -
Where's Teddy when you need him. 0 -
Why is gas so expensive?
1.) because it's so cheap
2.) because we continue to buy into the fiction that OPEC's immoral and unjustifiable monopoly on crude is legal
3.) because the M 0 0 N B A T tree-huggers won't let us drill in the arctic to increase our domestic production of crude
4.) because the M 0 0 N B A T tree-huggers won't let us build more refineries to process the back-log of crude we do have0 -
OPEC does not have a monopoly on the production of crude oil, and that is easily demonstrated by a simple look at the countries that produce crude oil and observing the fact that not even a reasonable portion of the producing countries are members of OPEC.
OPEC is not in the least illegal since they are a cartel, and that is not illegal when it involves multinational entities.
Cartels are illegal in many countries, and they are not only illegal in the United States, it is illegal for a US company to be a member of one of them, but they are not illegal across the board on the international markets.
We do not control international markets, and that's why they are called international markets, not U.S. markets, so we can't stop cartels from existing in all cases, and when they do exist, we often have no choice but to buy from them if we wish to have their products. Buying from them is not illegal.0 -
quote:Originally posted by dlrjj
OPEC does not have a monopoly on the production of crude oil, and that is easily demonstrated by a simple look at the countries that produce crude oil and observing the fact that not even a reasonable portion of the producing countries are members of OPEC.
OPEC is not in the least illegal since they are a cartel, and that is not illegal when it involves multinational entities.
Cartels are illegal in many countries, and they are not only illegal in the United States, it is illegal for a US company to be a member of one of them, but they are not illegal across the board on the international markets.
We do not control international markets, and that's why they are called international markets, not U.S. markets, so we can't stop cartels from existing in all cases, and when they do exist, we often have no choice but to buy from them if we wish to have their products. Buying from them is not illegal.
OPEC doesn't have a monopoly on crude? Maybe not by the strictest definition, but OPEC countries produce the OVERWHELMING majority of the oil pumped out of the ground. Ever wonder why the world shudders at the threat of an OPEC embargo? BECAUSE THEY CONTROL ALMOST ALL THE WORLD'S CRUDE PRODUCTION. You don't have to have an absolute, out and out monopoly to be such a big player that you have a de facto one, and that's what OPEC is. All of the production from non-OPEC nations pales in comparison to the amount extracted from OPEC members.
As for the difference of opinion regarding cartels, monopolies, illegal, unjustifiable or otherwise, I guess we'll just have to agree to disagree.0 -
Just what in the hell do you think opinion has to do with legality? Cartels either are legal or they are not, and no opinion one way or another has any damn effect at all. Good God Almighty, get a grip on a part of reality.
OPEC is legal, and no opinion by some person upset with fuel prices is going to change that in the slightest.0
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