Looks like Bush will get his retirment wish

[SkyRock]

You haven't proven anything.  You said:
Where does  it say they want refineries for free?   where?  Since when does a pipeline= a refinery?  Now, are you full of hot air becuase you hate big, successful companies or do you actually have ANY evidence that oil companies want to build refineries for free?

Steve, don't be simple, you know whats going on here.  They want BIG profits with taxpayers taking all the risks!  It's evident in the quotes!

[Holden McGroin]

Steve, don't be simple, you know whats going on here.  They want BIG profits with taxpayers taking all the risks!  It's evident in the quotes!

Sounds like Major League Baseball... wait... Boosh has fingers in that too.

[SaburoS]

For those of you who think Crockett's talking to himself on the second post & just generally being an ass, he's not. It was in response to something very rude that I wrote, and thought I deleted before it was read. Obviously not though. 

Did you forget your coffee again??

[Nashwan]

FWIW, from what I've read, our refineries are at capacity and we  are not producing enough to be self sufficient.

US refineries have been running at 84 - 85% of capacity in 2008. Practical maximum is about 95%, so they are some way off.

It's certainly true that the US is not refining all the crude it uses, but then again the US doesn't produce the crude. The US is a major oil importer, it makes sense to import finished product, and have the refineries located in third world countries, with third world labour rates.

The reason for high gasoline prices is the high price of oil. Indeed, US gasoline is priced too cheap at the moment.

You get 42 gallons from a barrel (it's actually more complex than that because you also produce diesel, heavy oil, lubricants, plastic feed stock etc). At 42 gallons a barrel, and $100 a barrel, a gallon costs about $2.4, without the costs of refining, transporting and selling, or taxes.

[lazs2]

EPA.. more vile than the IRS ever was.. every increase in the cost of living that we all experience in the coming years will be directly attributed to the EPA.

Tax... not counting the "normal" federal and state taxes on a gallon of gas.. the sales tax right now is about 4 times MORE than the profit that the evil "big oil" makes on every gallon.   Credit card companies make more in some cases than big oil on a gallon.

Democrats.. (see EPA)   Every chance at becoming oil independent has been foiled by the demoncrats..  no new refineries.. no drilling in the gulf or anwar... no offshore drilling or nuke plants.. in some cases... not even any wind power.. the EPA even shut down one wind site cause it hurt the birdies.

If crok-it judges evil by how much money is being made off a gallon of gas and by who is stopping us from becoming oil independent.. who is keeping us dependent..

the finger needs to be squarely pointed at democrats...

electing the half negro guy will just make it worse.

lazs

[Wayout]

i own stock in a oil company, i guess I'm one of them "rich white guys" that control this country. 

I own oil stock, too.  I'm a "rich white guy" that works 60+ hours a week to keep two kids in school and pay all the bills.  Being rich is killing me. 

[snowey]

its beter than europe which you have to pay for a liter which is about half a galon and its more expensive than a galon

[GodinagreyHoody]

You can't bring that supply, demand, open market thing when there is no competition. When a large group of companies collude they basically operate as a monopoly

that's all i'll say on the subject

[lazs2]

would opec be part of that "large group of companies"  that you mention?  seems to me that they have raised the price of a barrel of oil..  I believe that speculators are involved too eh?    If it costs $110 a barrel how are you gonna cut the price much at the pumps?  cut the evil oil companies 7 or 8% profit?   

You might be better off taking away the taxes on it and allowing more refineries and exploration and building nuke plants to cut demand and increase supply?

lazs

[AquaShrimp]

Gas prices are going to be high no matter what.  At least with Hillary Clinton, we will have our own oil sources (biofuel).

[lazs2]

huh?   how will hillary get us biofuel?   How will making gas cost even more than it needs to help the average person?

lazs

[SkyRock]

Democrats.. (see EPA)   Every chance at becoming oil independent has been foiled by the demoncrats..  no new refineries..



lazs

This is a lie.  Complete and total lie.  Exxon, was quoted as saying they could build small refineries for under $3 billion dollars.  They have profited $10 billion every 1/4 for years now.  They just don't want to spend their profits on something that will help the average consumer at the cost of their record breaking profits.  They could build a small refinery every 1/4 and still profit $7 billion in that same 1/4.  It's like a multi-billionaire squeaking about paying $20million in taxes.

And before you start calling me a Commie, let me tell you how I feel about it.  I love the free market system, but I also believe that greed corrupts.  Simply put, we all are in this thing together, whether we like each other or not.  That goes for the sack of poo's that milk the system form the bottom(welfare) and the sack of poo's that milk it from the top(Exxon). 

[NUKE]

This is a lie.  Complete and total lie.  Exxon, was quoted as saying they could build small refineries for under $3 billion dollars.  They have profited $10 billion every 1/4 for years now.  They just don't want to spend their profits on something that will help the average consumer at the cost of their record breaking profits.  They could build a small refinery every 1/4 and still profit $7 billion in that same 1/4.  It's like a multi-billionaire sweetieing about paying $20million in taxes.

SkyRock, if the oil companies are making such huge profits, why do they need to build refineries? Seems they are managing their business very well to me.

As far as I am concerned, they should be allowed to spend their profits however they like.

[SkyRock]

As far as I am concerned, they should be allowed to spend their profits however they like.

I am all for that as well, Nuke.  It is the american way, except for the deliberate gouging we suffer from them at their will(which, by the way is illegal, yet for some reason they balk at that law).  For a business to (demand) tax breaks of 3-8 billion a year, and raking in profits of 40 billion a year to refuse to invest 3 billion for the sake of the people they are making their killing off of, is a little overwhelming to me.  If they had a few more refineries, then the (excuse) of supply and demand would not be arguable as much when they shove a $.25 a gallon hike down our throats(by the way thats $45trillion made for a $.25 rise) for no apparent reason.(Hezbola bombed a pizzaria..........gas just went up) 

This is not about republicans and democrats, its about american taxpayers.  We are dependant on their product to the point where we must be vigillant of how they treat our business dealings with them.  We've been through this before in our nations history where a company with overwhelming power, strangles our people with monopolistic control, .........."For the safety of the Republic we (U.S. Supreme Court) now decree that the dangerous conspiracy must be ended by Nov. 15, 1911 ".  Im all for the free market system, but oil is a different story and should be watched like a hawk!

[Nashwan]

If they had a few more refineries, then the (excuse) of supply and demand would not be arguable as much when they shove a $.25 a gallon hike down our throats

Where are they going to get the oil from to refine?

How are they going to get it at less than the market rate (currently $110 a barrel)?

Why should they spend money refining it and shipping it to the consumer then sell it for less than they could sell the crude on the international markets?

Gasoline costs a lot because it's made from oil. Nothing to do with refineries, nothing to do with "big oil" "gouging". About the only people who are "gouging" are the Saudis, who could (probably) raise production, but won't. Even then, oil isn't going to be cheap.