Warpath  

Home | Forums | Salary Cap Info | Shop | Donate | Stay Connected




Go Back   Warpath > Off-Topic Discussion > Parking Lot


F... gas prices

Parking Lot


Reply
 
LinkBack Thread Tools Display Modes
Old 05-16-2008, 07:19 PM   #106
MVP
 
dmek25's Avatar
 
Join Date: Oct 2005
Location: lancaster,pa
Age: 52
Posts: 10,512
Re: F... gas prices

Quote:
Originally Posted by Schneed10 View Post
Daseal hit it on the head, the economic growth in China and India is the biggest reason gas prices are going up so much. Many, many more people own cars throughout the world, and many more businesses use fuel throughout the world, than did 10 years ago. That's not going to change, and in fact it's only going to get worse.

You can't fault big oil. Exxon's supply of oil has remained relatively stable, but worldwide demand is driving up price.

Taxing Exxon and others for a "windfall" is quite possibly the dumbest economic idea I've ever heard. Right now, Exxon is stacking up cash, which they're itching to invest. If you tax their windfall profit, you put a damper on their ability to invest. Their investments could really help the US citizens: their first choice would be drilling in protected areas, such as Alaska. Here's where our government needs to face the harsh reality, you can choose between protecting Alaska and forcing your citizens to continue paying escalating gas prices, or you can give relief to your citizens and allow the drilling in Alaska.

Investing in hydrogen and other fuel sources is also wise. But they won't pay off for many years. For the next 5 to 10 years, politicians have a choice to make: our economy (ie our citizens' ability to make ends meet) or the environment.
oh boy. this has to be one of the dumbest things ever posted. we cant fault them? if not, then why, after each quarter, are they declaring record profits? can i blame this administration for not demanding more production from OPEC? who, in your opinion, can i blame? im pissed, and want to vent. as for Exxon wanting to invest their money, i totally disagree. they are in the business to make money. if they wanted to invest, whats the holdup? why wait? and as for drilling in Alaska, the oil companies like it just the way it is. why would they want to find an abundance of oil? that would just cut into their profit margin. your post looks like it came straight out of George Bush's mouth
__________________
"It's better to be quiet and thought a fool than to open ones mouth and remove all doubt."
courtesy of 53fan
dmek25 is offline   Reply With Quote

Advertisements
Old 05-16-2008, 07:27 PM   #107
‎\m/
 
Mattyk's Avatar
 
Join Date: Feb 2004
Age: 41
Posts: 80,427
Re: F... gas prices

I also find it hard to believe that big oil is just an innocent bystander in all of this.
__________________
Support The Warpath! | Warpath Shop
Mattyk is offline   Reply With Quote
Old 05-16-2008, 09:11 PM   #108
Living Legend
 
GTripp0012's Avatar
 
Join Date: Mar 2006
Location: Evanston, IL
Age: 26
Posts: 15,993
Re: F... gas prices

Quote:
Originally Posted by dmek25 View Post
oh boy. this has to be one of the dumbest things ever posted. we cant fault them? if not, then why, after each quarter, are they declaring record profits? can i blame this administration for not demanding more production from OPEC? who, in your opinion, can i blame? im pissed, and want to vent. as for Exxon wanting to invest their money, i totally disagree. they are in the business to make money. if they wanted to invest, whats the holdup? why wait? and as for drilling in Alaska, the oil companies like it just the way it is. why would they want to find an abundance of oil? that would just cut into their profit margin. your post looks like it came straight out of George Bush's mouth
That is some backwards logic right there.

Anyway, if you need to vent, blame humanity. Blame the Far East for becoming industrialized. If you have to vent then you have to vent, but Schneed is still 100% right.
__________________
according to a source with knowledge of the situation.
GTripp0012 is offline   Reply With Quote
Old 05-16-2008, 09:49 PM   #109
RG Glee
 
Schneed10's Avatar
 
Join Date: Feb 2005
Location: Newtown Square, PA
Age: 34
Posts: 8,277
Re: F... gas prices

Quote:
Originally Posted by dmek25 View Post
oh boy. this has to be one of the dumbest things ever posted. we cant fault them? if not, then why, after each quarter, are they declaring record profits? can i blame this administration for not demanding more production from OPEC? who, in your opinion, can i blame? im pissed, and want to vent. as for Exxon wanting to invest their money, i totally disagree. they are in the business to make money. if they wanted to invest, whats the holdup? why wait? and as for drilling in Alaska, the oil companies like it just the way it is. why would they want to find an abundance of oil? that would just cut into their profit margin. your post looks like it came straight out of George Bush's mouth
Bolded part 1: Attacking the post, I can't fault you for that. But I've got to attack yours, not only this one, but nearly everything you've ever posted on this site when it comes to business:

You have no idea what you're talking about. Not even a little bit.

Bolded part 2: They're getting record profits because their supply of oil has remained stable, but the global demand for oil has increased (China and India consuming more) and hence the price goes up. Free market system, not hard to understand.

Bolded part 3: How can the US Government demand more production from OPEC? Do you even understand who OPEC is? What negotiating power does the US Government have over OPEC?? This makes no sense. They can do whatever the eff they want, we have no power there.

Bolded part 4: Who can you blame? Why is anyone to blame? It's an economic force at play. It's nobody's fault. If you want to point at somebody, I guess point your finger at China and India for developing like the United States did from 1930 - 1960. God forbid they make progress.

Bolded part 5: Exxon is investing. They're always searching for drilling spots and in new technologies. But they could invest in Alaska if the government let them.

Bolded part 6: This is the most embarrassing part of your post. It screams lack of education. Profit margin is the % of revenues left over after subtracting expenses. Yes, drilling in Alaska will cut the %. But, last I checked, you don't spend %s. You spend $s. If you invest in Alaska and start drilling, your expenses go up cutting into your %. But the oil they capture also increases revenue, causing profits to increase. If you need me to explain how it's mathematically possible for a % margin to decline while profits go up, then I give up.

That post was embarassing, dmek.
Schneed10 is offline   Reply With Quote
Old 05-16-2008, 09:50 PM   #110
RG Glee
 
Schneed10's Avatar
 
Join Date: Feb 2005
Location: Newtown Square, PA
Age: 34
Posts: 8,277
Re: F... gas prices

Quote:
Originally Posted by Mattyk72 View Post
I also find it hard to believe that big oil is just an innocent bystander in all of this.
Do you have anything to back that up or is that just a conspiracy theory?
Schneed10 is offline   Reply With Quote
Old 05-16-2008, 09:57 PM   #111
RG Glee
 
Schneed10's Avatar
 
Join Date: Feb 2005
Location: Newtown Square, PA
Age: 34
Posts: 8,277
Re: F... gas prices

Screw it, I'll do the math for you. Which would you rather have:

$100,000 in revenue
$80,000 in expenses
$20,000 in profit (20% profit margin)

or

$500,000 in revenue
$450,000 in expenses
$50,000 in profit (10% profit margin)

If you said you'd take the $20,000 with a 20% margin, can I pretty pretty please play poker with you sometime?
Schneed10 is offline   Reply With Quote
Old 05-16-2008, 11:19 PM   #112
Puppy Kicker
 
Daseal's Avatar
 
Join Date: Feb 2004
Location: Arlington, Virginia
Age: 31
Posts: 8,210
Re: F... gas prices

Welcome to capitalism. How much should something be? As much someone will pay for it and not stop buying it. It's important to find that balance, and thanks to big oil stubbing mass transit in many cities before it got big, we're very dependent on gas, thus cars. The price sucks, no doubt about it -- but the oil companies are in the market to make MONEY, not to give the USA a break. What incentive is there for them to drop prices? People are going to drive. Plus, they're getting much more money from other sections of the world (China/India) which is a big reason why they're making record profits.
__________________
Best. Player. Available.
Daseal is offline   Reply With Quote
Old 05-16-2008, 11:25 PM   #113
Playmaker
 
70Chip's Avatar
 
Join Date: Jan 2006
Location: Manassas
Age: 43
Posts: 3,048
Re: F... gas prices

I doubt that increased demand is soley to blame for oil quadrupling in price. I think speculation is driving the increase as well. Hedge fund managers are now into oil big time. Even individuals are getting in for the ride. A friend of mine justified it by saying he had to recoup the losses he was experiencing at the pump. Money chases money. As more and more people are seeing the possibility of making money in commodities rather than stocks and bonds, the price only increases. Imagine if a bunch of moneyed investors suddenly all decided that baseball cards were a sure thing. Their sudden entry into the market would necessarily force the price of a Clemente rookie card through the roof. The question is, is this a permanent thing or at some point will gravity have it's affect. We need a crash badly. As quickly as the money went in, it will run for the exits if the price falls fast enough.

I think there are a few simple steps that could be taken to at least discourage new money from forcing up the price any further. The Democrats may serve useful here as their penchant for regulation would surely be helpful. Maria Cantwell of Washington is making this a pet issue. She's kind of a butter face but she has nice hair and seems relatively bright. It would be worth a try at any rate.
__________________
This Monkey's Gone to Heaven
70Chip is offline   Reply With Quote
Old 05-17-2008, 12:13 AM   #114
You did WHAT?!?
 
EARTHQUAKE2689's Avatar
 
Join Date: Feb 2007
Location: In The Kitchen With Dyna.
Age: 25
Posts: 11,899
Re: F... gas prices

I fraking hate driving now. You cant even do favors for anyone anymore
__________________
http://www.youtube.com/watch?v=bpp3ycMvQd0

This is why you need Mentos. To justify your questionable problem solving skills.

http://www.youtube.com/watch?v=Z7geP5ev0VI

Awesome isn't it.
EARTHQUAKE2689 is offline   Reply With Quote
Old 05-17-2008, 12:35 AM   #115
Franchise Player
 
Sheriff Gonna Getcha's Avatar
 
Join Date: Feb 2004
Age: 35
Posts: 8,317
Re: F... gas prices

Quote:
Originally Posted by Schneed10 View Post
Bolded part 3: How can the US Government demand more production from OPEC? Do you even understand who OPEC is? What negotiating power does the US Government have over OPEC?? This makes no sense. They can do whatever the eff they want, we have no power there.
I don't that is entirely correct. The U.S. government has a great deal of influence over middle eastern countries and, by extension, OPEC. For example, many middle eastern countries rely on the U.S. to supply their militaries with arms. Guess who gets to approve or reject the sale of those weapons? The United States Congress. Moreover, if the U.S. ever manages to create a semi-stable security environment in Iraq, the U.S. could pressure the Iraqis to flip the bird to OPEC and start pumping out boatloads of oil. Obviously our influence over OPEC's member countries wasn't great enough to convince them to up their oil quotas, but I think it's inaccurate to say that we don't have any negotiating power.
Sheriff Gonna Getcha is offline   Reply With Quote
Old 05-17-2008, 01:30 AM   #116
The Starter
 
steveo395's Avatar
 
Join Date: Mar 2005
Location: New Jersey
Posts: 1,674
Re: F... gas prices

This problem could easily be solved if congress would just let us build new refineries and drill for oil in Alaska and off the eastern and western shores. This needs to happen. Our economy is based on the abundance of cheap energy, which is now getting expensive. We need to end our dependence on foreign oil and start drilling here. There is plenty of oil in America for us to use for many many years. I'm all for using alternate sources of energy, but they are just not ready yet. Right now they all suck. If we drill for more oil here, it will give us the time we need to develop alternate technologies. Whether you like it or not, we need to drill for more oil here.
__________________

steveo395 is offline   Reply With Quote
Old 05-17-2008, 06:32 AM   #117
MVP
 
dmek25's Avatar
 
Join Date: Oct 2005
Location: lancaster,pa
Age: 52
Posts: 10,512
Re: F... gas prices

schneed, i didnt mean to attack you personally. but we definitely look at this differently. you think its fine for gas to be $5.00- $6.00, or whatever, a gallon so the companies can maintain record profits. we disagree on that. we disagree on how they go about it. we definitely disagree on the governments place in this problem. you see this as capitalism at is finest. i see this as raping the American public. the government can control anything it wants to. why not oil? because of the Saudis influence with the American government. and yes, i understand who O.P.E.C is. and i also understand the military's involvement in the middle east. the little bit of stability they have comes from an American influence/ presence. we Americans are always more then willing to aid any country that asks. how about someone scratching our backs every once in a while?
__________________
"It's better to be quiet and thought a fool than to open ones mouth and remove all doubt."
courtesy of 53fan
dmek25 is offline   Reply With Quote
Old 05-17-2008, 06:37 AM   #118
MVP
 
dmek25's Avatar
 
Join Date: Oct 2005
Location: lancaster,pa
Age: 52
Posts: 10,512
Re: F... gas prices

and why we are on the subject, is finding oil in Alaska a sure thing? because if it is, its about time to make that move. im for protecting whats beautiful, and right about America. but this very quickly could become a national crisis, if something isn't done. oil is driving up the price of everything. i really feel for the truckers
__________________
"It's better to be quiet and thought a fool than to open ones mouth and remove all doubt."
courtesy of 53fan
dmek25 is offline   Reply With Quote
Old 05-17-2008, 07:29 AM   #119
RG Glee
 
Schneed10's Avatar
 
Join Date: Feb 2005
Location: Newtown Square, PA
Age: 34
Posts: 8,277
Re: F... gas prices

Quote:
Originally Posted by Sheriff Gonna Getcha View Post
I don't that is entirely correct. The U.S. government has a great deal of influence over middle eastern countries and, by extension, OPEC. For example, many middle eastern countries rely on the U.S. to supply their militaries with arms. Guess who gets to approve or reject the sale of those weapons? The United States Congress. Moreover, if the U.S. ever manages to create a semi-stable security environment in Iraq, the U.S. could pressure the Iraqis to flip the bird to OPEC and start pumping out boatloads of oil. Obviously our influence over OPEC's member countries wasn't great enough to convince them to up their oil quotas, but I think it's inaccurate to say that we don't have any negotiating power.
OK point taken, change it from "none" to "very little".
Schneed10 is offline   Reply With Quote
Old 05-17-2008, 07:30 AM   #120
RG Glee
 
Schneed10's Avatar
 
Join Date: Feb 2005
Location: Newtown Square, PA
Age: 34
Posts: 8,277
Re: F... gas prices

Quote:
Originally Posted by dmek25 View Post
and why we are on the subject, is finding oil in Alaska a sure thing? because if it is, its about time to make that move. im for protecting whats beautiful, and right about America. but this very quickly could become a national crisis, if something isn't done. oil is driving up the price of everything. i really feel for the truckers
Further embarassment...

It's a well-known fact that Alaska is home to a huge oil reserve, one that would nearly double our supply of domestic oil if we tapped into it.
Schneed10 is offline   Reply With Quote
Reply

Bookmarks

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 Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -4. The time now is 04:11 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
This site is not officially affiliated with the Washington Redskins or the NFL.
Page generated in 0.32921 seconds with 9 queries

Search Engine Friendly URLs by vBSEO 3.2.0 RC5

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25