Thread: 4 dollar gas

Originally Posted by Freedom for All

Supply and demand.

You forgot inflation and the fact that we have a petrodollar. Speculation on futures also plays a large part.

Originally Posted by steezer

I thought we were talking about CEO's and the obscene money they make? Not me and not you. How did we get off that topic? That goes to you also stinger!

Because that topic isn't relevant.

Exxon Mobil is owned by about a hundred million people, the fat cats aren't relevant.

Originally Posted by Freedom for All

You got any scenarios that resemble how oil and gasoline prices are actually determined,........

This scenario is dead on:
CEO of Exxon-Mobil calls his buddy GW Bush & says: "Mind if me & the boys come over for a secret meeting with you & Dicky (Cheney) today? We are planning to fix prices, become richer than our wildest dreams & I can guarantee you & Dicky will have very comfortable retirements when you are no longer "Our Boys" in the White House. Just to show you we are serious, I've deposited the usual 3 million dollars in your "offshore" bank acount!! (wink, wink)

Originally Posted by Freedom for All

Because that topic isn't relevant.

Exxon Mobil is owned by about a hundred million people, the fat cats aren't relevant.

Irrelevant? Kind of like your posts, or would it be the 100 million people who think they really have a piece of the pie?

Originally Posted by Coolio43

The price of a gallon of gas today in Marion, Ohio is $3.25, nowhere close to 4 dollar gas.

http://www.ohiogasprices.com/Marion/index.aspx

Just wait.

Originally Posted by Libre

You forgot inflation and the fact that we have a petrodollar. Speculation on futures also plays a large part.

No I haven't. I'm keeping it at the kindergarten level so the "evil big oil" crowd can have a chance of maybe not understanding is as badly as they otherwise would.

Originally Posted by Freedom for All

Supply and demand.

ALGIERS (Reuters) - Oil prices will stay at current high levels for the rest of this year due to speculation and geopolitical tensions, Algerian state media on Monday reported OPEC President Chakib Khelil as saying.

No comment FFA?

Originally Posted by Freedom for All

No I haven't. I'm keeping it at the kindergarten level so the "evil big oil" crowd can have a chance of maybe not understanding is as badly as they otherwise would.

Maybe you should complicate the shit out of it so I would understand. Because I like to look at greed in the oil industry from a historical context. I fail to see your total lack of understanding about why people think of big oil as being evil. Please enlighten me with your expertise or are you blowing smoke again. Let me ask you a question. Are you a direct descendant of the Rockefellars or the Phillips Brothers?

Originally Posted by Devil505

This scenario is dead on:
CEO of Exxon-Mobil calls his buddy GW Bush & says: "Mind if me & the boys come over for a secret meeting with you & Dicky (Cheney) today? We are planning to fix prices, become richer than our wildest dreams & I can guarantee you & Dicky will have very comfortable retirements when you are no longer "Our Boys" in the White House. Just to show you we are serious, I've deposited the usual 3 million dollars in your "offshore" bank acount!! (wink, wink)

And of course you do have some evidence to back up your assertion? You do know that Presidents meet with all kind of people and that those conversations are protected? Now if you want to talk about illegal secret meetings let's talk about Hillary's health care task force which she has never disclosed who they met with and who got paid. Do you know the difference between the two groups.

So what were the things that came out of these meetins you are claiming caused the current price of crude oil on the spot market to be so high? And can you explain why, that if they were going to do this they coluded to have a profit margin less than industry in general, why didn't they rip us off? why would they meet in secret to plan out lower profit margins than everyone else?

Fact #1 Exxon Mobile made $40 Billion profit last year.

Fact #2 Fifty Percent of that went to share holders.

Fact #3 Much of that profit goes to our 401K plans, mutual funds, etc.

Fact #4 About 1% of that went to fat cat oil company tycoons.

Fact #5 Exxon Mobil Corp said Wednesday March 5, 2008 it expects to invest between $25 billion and $30 billion on capital and exploration projects this year, up from $21 billion in 2007.
about .Exxon Mobil Unveils $125B Spending Plan

Fact #6 The United States is capitalistic country. Its what the American dream is based on. Should the government control profits? That is what communist countries do.