[dmz]

I have been watching the housing fall out. and now oil went up today, for those who say it is supply and demand, It went up because there may be a storm in the gulf, that could damage output.
This is manipulation plain and simple.
This is why we need government putting a stop to this rippoff.
I listened to rush lilmbaugh today and not a word about the record high temps.or the dumping of the us stock market. We lost all the gains in 07 today.
But let the market go up 100 points and gas drop 5 cents and he is spouting how great the economy is.
Today he just said that the democrats want to do better on the economy but that there is not much room for improvment, we are doing so great.
Tell that to the housing market,the people in michigan who work for the auto industry.
I think Hillary hit the nail on the head, there are many millions of americans who are invisible to this white house.

[keloucks]

you have to see the big picture though. If the government puts a cap on prices and the middle east charges more than the gas companies can afford, they will only be able to buy a certain amount of gas and there will cars and cars lined up at the only gas stations who actually have gas until it runs out. Or it will be like in the '70's when they gave you rations and you can only get gas on certain days - all this results in huge lines and no gas for consumers.

The gas companies jack up their prices right after they buy oil. It's based on what they paid. Companies make huge profits because we buy it. Not because they are charging so much. Go to yahoo finance and look up how much any oil company's profits are. It's pathetic. They are taxed more, they have greater expenses. They make nothing. That's why a lot of BP's are closing down. They're getting rid of their little gas stations and opening up gas stations/convenient stores because the store is where they make all the money. Compare an oil company's profit margin to, say, Johnson & Johnson. Johnson & Johnson has very little expenses and good profits. Their profit margin is pretty big compared to Exxon who made the highest profits last year. The economy was good, we went places, we paid for gas but Exxon made about 2 cents per gallon. The government needs to stay out of it unless they're going to start digging somewhere in the U.S. for more oil. We need to stop being so dependent on OPEC

[Driller1]

There is plenty of oil in the US to drill for. Talk to the environmental people about prices.

[bubbagirl]

Originally Posted by keloucks

The gas companies jack up their prices right after they buy oil. It's based on what they paid. Companies make huge profits because we buy it. Not because they are charging so much. Go to yahoo finance and look up how much any oil company's profits are. It's pathetic. They are taxed more, they have greater expenses. They make nothing. That's why a lot of BP's are closing down. They're getting rid of their little gas stations and opening up gas stations/convenient stores because the store is where they make all the money. Compare an oil company's profit margin to, say, Johnson & Johnson. Johnson & Johnson has very little expenses and good profits. Their profit margin is pretty big compared to Exxon who made the highest profits last year. The economy was good, we went places, we paid for gas but Exxon made about 2 cents per gallon. The government needs to stay out of it unless they're going to start digging somewhere in the U.S. for more oil. We need to stop being so dependent on OPEC

Don't confuse the gas station owners and the oil companies as they are two different entities.

The station owners are your regular, every day small business owner. They have to purchase gas at the price determined by the supplier. It varies on a day to day basis. If tomorrow's gas supply will cost 2.89, then today's price has to go up from 2.68 to cover the cost difference, or they lose money on it. They are purchasing just like the rest of us.. and yes, their profit is in the convenient store, not the pumps. If their store is not a highly shopped at location or doesn't have items in demand or of good selection, they will close down from lack of income. It is in the stations best interest to increase their selection, or even include a Subway or whatever, as it will help offset the price of filling the tanks on a daily basis.

The first part of May, if I remember correctly, held a huge increase in gas prices. It jumped significantly. Reports indicated the price jump was in leau of the upcoming hurricane season.

Now, correct me if I'm wrong here.... but, the hurricane season hadn't started yet, there was not damage from a hurricane at that time, and there were no hurricanes on the weather map. So, why the price increase if the supply had not yet been affected by hurricanes? Hmm...

I would much rather see the US persue alternative fuel and energy methods than drill in protected areas, and the consumer has the obligation to demand more fuel efficiency so that our dollar goes further. Those areas are protected for a reason, and my children and grandchild have just as much right to enjoy the natural beauty as I do.

[Driller1]

Not only the right to demand but, the right to develop and market. There are millions available for research. Please hurry.

[Driller1]

OK, the nature of the energy. The words environmentally safe, plentiful and cheap will never be use in the same realistic sentence. Energy comes from mass changing form. Will things be helpful? Yes, but there is no piper around the bend to lead us to the promise land. The higher the price of energy, the less use, the better for the environment. The worst for the economy.

[keloucks]

Bubbagirl, the only thing you said that was different than what I said is that you want different forms of energy. You basically reiterated everything else. So, what is everyone wanting the government to do? What about the little citizens like you and me? What are we to do? How are we going to change this because I'm sick of it too.

[Driller1]

Originally Posted by keloucks

Bubbagirl, the only thing you said that was different than what I said is that you want different forms of energy. You basically reiterated everything else. So, what is everyone wanting the government to do? What about the little citizens like you and me? What are we to do? How are we going to change this because I'm sick of it too.

INVENT! I hold three pattens on drilling equipment because I saw a need. One is required by the DEQ because of the performance of the product.

[Driller1]

I always find it interesting when people worry about the price of gas. We all control how much we use. Worry about the price of diesel. It effects every service or product you buy.

[keloucks]

Originally Posted by Driller1

INVENT! I hold three pattens on drilling equipment because I saw a need. One is required by the DEQ because of the performance of the product.

I'm sorry, I'm not really familiar with drilling and such. What do you mean you hold patterns for drilling equipment? Like you drew them up and you need a patent or something??