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Calling them "Big Oil" means that you don't realize that all of the PRIOR "Big Oil" companies long ago started to diversify. They are all quite aware that oil may or may not be around in the same manner as it is today and are responding by investing heavily into other energy forms. You should read their annual reports. It would be more appropriate to call them "Energy Companies".
Get used to it. I doubt we will ever see gas under 3 dollars a gallon ever again. Demand is increasing globally and supply is limited. The dollar continues to decline due to the federal reserve policy in place.
A major contributor to those high prices are gas taxes, especially those states that tax it by percentage, not a flat rate. So the higher the gas prices go up, the more that state collects. Talk about a regressive, unfair tax!
The dollar continues to decline due to the federal reserve policy in place.
??? Did you hear that on Fox News? I suppose you liked the federal reserve policy under Alan Greenspan.
Quote:
Originally Posted by mdand3boys
A major contributor to those high prices are gas taxes ... Talk about a regressive, unfair tax!
Not that regressive. The bigger, larger, more expensive cars/SUVs/pick-up trucks get less mpg, and so are paying proportionally more road tax.
Actually the spike in gasoline prices can be blamed on ethanol credits which are swapped and traded among large financial institutions, which before deregulation they could not do.
Google "ethanol credits wall street" and read about it.
Ethanol is a whole 'nother issue. Ethanol has no business being used as a replacement for gasoline. It offers less power per volume (BTU's) and as a result, you burn more of it resulting in less mpg, which means you pay more in gas taxes because you are buying more fuel.
Get used to it. I doubt we will ever see gas under 3 dollars a gallon ever again. Demand is increasing globally and supply is limited. The dollar continues to decline due to the federal reserve policy in place.
I hear a glee in this post. Supply is only limited because you want it limited. The last thing you want to hear is the discovery of another oil deposit. Get used to "it" means get used to 1 liter buzzy, cramped cars and sky high energy costs. Gas is going over $4 again and by golly this time we are not letting it come back down.
I hear a glee in this post. Supply is only limited because you want it limited. The last thing you want to hear is the discovery of another oil deposit. Get used to "it" means get used to 1 liter buzzy, cramped cars and sky high energy costs. Gas is going over $4 again and by golly this time we are not letting it come back down.
I hear no "glee" in that post, just a statement of hard facts and reality. We are not discovering new reserves of oil as fast as our older reserves are depleting, and what we are discovering (and ever will discover) is going to cost a lot more to produce than what has been produced up to now. So, yes, get used to it. And get ready to adapt to the new reality.
The weekend before the election it was (Nat'l avg reg) $2.79. The weekend after it was $2.33. It hovered around the $3 range for most of 2008 until the elections.
So what we're paying this week is what we paid in 2008. So if we take out EIGHT years of inflation, we are actually paying less.
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