Oil chiefs say high prices not our fault
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Re: Oil chiefs say high prices not our fault         


Author: George Grapman
Date: Apr 2, 2008 09:15

gfretwell@aol.com wrote:
> On Wed, 2 Apr 2008 09:42:25 -0800, "SteveB"
> henderson.com> wrote:
>
>> The oil companies make 8 cents a gallon. Various governments tax it over a
>> dollar a gallon. Do the math, you fucking genius.

http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2008/04/02/MNU7VU217.DTL

The oil company executives contended that their record profits last year
were in line with other industries, noting that oil and gas companies
earned an average of 8.3 cents per dollar of sales, compared with 7.8
cents per dollar for the Dow Jones average.
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Re: Oil chiefs say high prices not our fault         


Author: znuybv
Date: Apr 2, 2008 09:23

On Apr 2, 9:15 am, George Grapman paccbell.net> wrote:
> gfretw...@aol.com wrote:
>> On Wed, 2 Apr 2008 09:42:25 -0800, "SteveB"
>> henderson.com> wrote:
>
>>> The oil companies make 8 cents a gallon. Various governments tax it over a
>>> dollar a gallon. Do the math, you fucking genius.
>
>> Bullshit
>
>
> http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2008/04/02/MNU7VU...
>
> The oil company executives contended that their record profits last year
> were in line with other industries, noting that oil and gas companies
> earned an average of 8.3 cents per dollar of sales, compared with 7.8
> cents per dollar for the Dow Jones average.
Show full article (0.82Kb)
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Re: Oil chiefs say high prices not our fault         


Author: Kurt Ullman
Date: Apr 2, 2008 09:25

In article
<13f51a56-2ab1-43fb-9738-ba7ae5c472e0@i7g2000prf.googlegroups.com>,
znuybv gmail.com> wrote:
> O
> The energy policy of the US government contributes substantially to
> the high price of fuel.

Personally would say that the LACK of an energy policy.. but we
probably aren't that far away over all...
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Re: Oil chiefs say high prices not our fault         


Author: znuybv
Date: Apr 2, 2008 09:54

On Apr 2, 9:25 am, Kurt Ullman yahoo.com> wrote:
> In article
> <13f51a56-2ab1-43fb-9738-ba7ae5c47...@i7g2000prf.googlegroups.com>,
>
> znuybv gmail.com> wrote:
>> O
>> The energy policy of the US government contributes substantially to
>> the high price of fuel.
>
> Personally would say that the LACK of an energy policy.. but we
> probably aren't that far away over all...

I respectfully disagree. It is not the lack of policy it is THE
policy that cripples us.

Go to this site and read the 170 pages. If you tell me that this is a
lack of policy and not a policy then you are not as smart as I
thought.
http://www.whitehouse.gov/energy/National-Energy-Policy.pdf
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Re: Oil chiefs say high prices not our fault         


Author: Kurt Ullman
Date: Apr 2, 2008 09:58

In article
i7g2000prf.googlegroups.com>,
znuybv gmail.com> wrote:

Already did that. I see a whole bunch of parts, a couple of pieces,
but no over-arching thing that ties them all together. I guess I don't
see a coherent or coordinated policy among the paper's output.
no comments
Re: Oil chiefs say high prices not our fault         


Author: znuybv
Date: Apr 2, 2008 10:11

On Apr 2, 9:58 am, Kurt Ullman yahoo.com> wrote:
> In article
> i7g2000prf.googlegroups.com>,
>
> znuybv gmail.com> wrote:
>
> Already did that. I see a whole bunch of parts, a couple of pieces,
> but no over-arching thing that ties them all together. I guess I don't
> see a coherent or coordinated policy among the paper's output.

There IS a coherent coordinated policy. That is my point. It's
probably so obvious that you don't see it. The policy is to restrict
the exploration and refining capacity of oil.
no comments
Re: Oil chiefs say high prices not our fault         


Author: MFOgilvie
Date: Apr 2, 2008 10:15

On Apr 2, 10:34 am, Kurt Ullman yahoo.com> wrote:
> In article
> <09fedfb0-a9c1-409f-8b40-d786d7f89...@b1g2000hsg.googlegroups.com>,
>
>  MFOgilvie lmco.com> wrote:
>> But by the same token, aren't the independents in control of their own
>> shipping rates?  It's reasonable to assume as one's operating costs
>> increase, the cost of their good services increase accordingly.
>
>       You would be very wrong on your assumptions. Price is not only
> decided by cost of goods. Demand is down related to the slow down, there
> are too many trucks chasing too few loads, so they have to get what the
> market will pay.

I understand all of that, but those prices are not etched in stone,
either.
no comments
Re: Oil chiefs say high prices not our fault         


Author: Kurt Ullman
Date: Apr 2, 2008 10:19

In article
a70g2000hsh.googlegroups.com>,
MFOgilvie aol.com> wrote:
> On Apr 2, 10:34
no comments
Re: Oil chiefs say high prices not our fault         


Author: OneTwoThree
Date: Apr 2, 2008 10:26

"George Grapman" paccbell.net> wrote in message
news:i7OIj.36902$J41.26227@newssvr14.news.prodigy.net...
> SteveB wrote:
>> The oil companies make 8 cents a gallon. Various governments tax it over
>> a dollar a gallon. Do the math, you fucking genius.
>>
>> Steve
> So why do the companies show record profits?

Simple math, George. you claim to watch and read several business sources.
Do you actually read the numbers?

Here is a simple example.

Product X sells for 1 dollar and costs 80 cents, leaving the seller a 20
cent profit. due to circumstances, the cost of product X doubles to 1 dollar
60 cents. the seller also ups their profit from 20 cents to 30 cents,
selling the product for 1 dollar 90 cents.( which is actually a drop in the
net from 20 percent to 16 percent.

but the number reported is 30 cents versus 20 cents. profits are " up" arent
they.
Show full article (1.14Kb)
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Re: Oil chiefs say high prices not our fault         


Author: OneTwoThree
Date: Apr 2, 2008 10:32

"George Grapman" paccbell.net> wrote in message
news:giOIj.36905$J41.25838@newssvr14.news.prodigy.net...
> gfretwell@aol.com wrote:
>> On Wed, 2 Apr 2008 09:42:25 -0800, "SteveB"
>> henderson.com> wrote:
>>
>>> The oil companies make 8 cents a gallon. Various governments tax it
>>> over a dollar a gallon. Do the math, you fucking genius.
>
>
> http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2008/04/02/MNU7VU217.DTL
>
>
>
> The oil company executives contended that their record profits last year ...
Show full article (1.17Kb)
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