Author Topic: Congress just raised the price of gas (Read 896 times)

Holden McGroin · « **Reply #30 on:** August 05, 2007, 10:37:22 PM »

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$16 billion tax increase on the oil industry to pay for renewable energy and conservation incentives

Let’s see… 20 million barrels a day... times 42 gallons... 84 million gallons a day... times 365... 306,600,000,000 gallons a year...

$16,000,000,000 / 306,600,000,000 gallons = $0.05 per gallon

crockett · « **Reply #31 on:** August 05, 2007, 11:12:15 PM »

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Originally posted by VWE
Hmmmm, funny... the average price of gas per gallon in Feb. of '03 in California of all places was $1.92 and by Dec. of that year it was $1.52! Oh how could that be? We were at war with Iraq and prices for gas were dropping? Gee, I guess that theory for blaming the war on Bush goes out the window.

humm gee lets see what happened since 03..

http://www.energy.ca.gov/gasoline/statistics/gasoline_cpi_adjusted.html

Can you spot a trend? I guess it must have been Al Gore's fault. I guess it still must be the Hurricane's fault that gas is still over $2 a gal and almost $3 in many places.

Gee there just so happens to be a wikipedia page on the massive oil price rise from 2004-2006. http://en.wikipedia.org/wiki/Oil_price_increases_of_2004-2006

Guess what the number one reason is? The lack of stability in the Middle East and the Korean Nuclear Missile threat. Humm I guess we can blame the democrats for that right?

Of course the Hurricanes of 2005 played a role, but that role is of little effect today.

So you mix all that in the the looming threat of the fact that we maybe close to hitting peak oil. That and the fact that it's getting harder and harder to get oil out of the remaining wells. So guess what the price is high and getting higher.

Tell me what is bad about taking tax payers money and investing it into something that will secure our nation's interest in the future long after oil has come and gone? Tell me why we should continue to pad the profits of big oil when fossil fuels will soon go the way of the dinosaurs?

You expect us to do it for free? You think big oil is going to do it for us?

VWE · « **Reply #32 on:** August 05, 2007, 11:55:23 PM »

Your a fool, add the cost of inflation and in 1981 we were paying more per gallon than today.

Captain Virgil Hilts · « **Reply #33 on:** August 06, 2007, 12:22:26 AM »

Gas is actually going down, while oil goes up. Reason? Refineries running at a rapid pace, creating a slight surplus. Why is oil up? Because of futures trading, and because China, India, and other emerging nations are rapidly increasing their consumption.

Funny, Democrats cut oil subsidies, but continue massive subsidy payments to farmers, even dead farmers. More "feel good legislation".

Big oil revenue is high because of volume, not per unit profit. The sooner the "educated" grasp that concept, the sooner real solutions can be explored.

Hating "big oil" makes about as much sense as hating WalMart. It's nothing more than a big company using volume to provide you with goods you want and need at a low per unit profit.

Holden McGroin · « **Reply #34 on:** August 06, 2007, 01:08:40 AM »

I hate Walmart!:mad:

Shifty · « **Reply #35 on:** August 06, 2007, 07:35:17 AM »

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Originally posted by VWE
How bout doing a little research yourself and break down a gallon of gas for us. In that price the oil companies are making on average .09 cents profit while the good ol' government is taking .40 cents for taxes. Also a good portion of those profits the bad ol' oil companies make gets reinvested into looking for... yes, more oil.

BULLSEYE!

lazs2 · « **Reply #36 on:** August 06, 2007, 08:04:27 AM »

crocket... what do you think is a fair profit for the oil companies? 10% like most business? 5% ?

How is taking away subsidies that are used to explore for more oil going to help us get over our dependence on foreign oil?

The democrats can indeed raise the cost of fuel for all of us... they can take away the subsidies... they can stop the building of new refineries with horrific epa laws... they can stop the building of nuke plants.. They can raise the tax on fuel.. they can stop exploration in alaska and offshore for oil.

They have done all these things... it is some of the reasons we are so dependent now and will become more so in the future.

lazs

Nilsen · « **Reply #37 on:** August 06, 2007, 08:42:29 AM »

All im gonna say to gas price whiners is that you will prolly benefit from gradualy getting used to high prices.

I bet its gonna get an awful lot worse for you as you have very very cheap gas now.

lazs2 · « **Reply #38 on:** August 06, 2007, 09:02:09 AM »

Yep.. it will always get worse..

No need for the government to artificially make it worse tho like they do in socialist countries by sucking money out our wallets to fund their socialist programs and build bigger government.

lazs

Nilsen · « **Reply #39 on:** August 06, 2007, 09:06:50 AM »

muhaha

You are too easy

Eagler · « **Reply #40 on:** August 06, 2007, 09:35:25 AM »

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Originally posted by crockett
No but you seem to be under the impression that Congress can raise the price of gas.

and they will again real soon ... as soon as some billion dollar study shows they need more tax money to fix the bridges/roads across our nation

LePaul · « **Reply #41 on:** August 06, 2007, 11:25:58 AM »

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Originally posted by Captain Virgil Hilts
Gas is actually going down, while oil goes up. Reason? Refineries running at a rapid pace, creating a slight surplus. Why is oil up? Because of futures trading, and because China, India, and other emerging nations are rapidly increasing their consumption.

Funny, Democrats cut oil subsidies, but continue massive subsidy payments to farmers, even dead farmers. More "feel good legislation".

Big oil revenue is high because of volume, not per unit profit. The sooner the "educated" grasp that concept, the sooner real solutions can be explored.

Hating "big oil" makes about as much sense as hating WalMart. It's nothing more than a big company using volume to provide you with goods you want and need at a low per unit profit.

You nailed it and saved me typing a similar retort, thank you

crockett · « **Reply #42 on:** August 06, 2007, 04:04:51 PM »

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Originally posted by lazs2
Yep.. it will always get worse..

No need for the government to artificially make it worse tho like they do in socialist countries by sucking money out our wallets to fund their socialist programs and build bigger government.

lazs

Wait in one post, you don't like the govt sucking money out of your pocket and don't like socialism.. However in the next post you support welfare for big oil..

So should we start giving oil executives food stamps.

bj229r · « **Reply #43 on:** August 06, 2007, 04:08:41 PM »

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However in the next post you support welfare for big oil..

I'm getting a headache:huh