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They rail on the evil oil companies who rake in .02 to .05 off a gallon of gas while the state/fed pull down .40/.80 a gallon depending on where you live.
I'm paying $3.50 for a gallon. The government is taking in $.40 per gallon (here in Texas it's about $.20 fed/$.20 state). Someone want to explain where the rest of that money is going if the oil companies are only raking in .02 to .05 per gallon?
I'm paying $3.50 for a gallon. The government is taking in $.40 per gallon (here in Texas it's about $.20 fed/$.20 state). Someone want to explain where the rest of that money is going if the oil companies are only raking in .02 to .05 per gallon?
The bulk of what you are paying per gallon comes from the cost of the crude, refining, distribution and marketing costs. The cost per gallon of gasoline and diesel can be broken down as follows:
10% - 12% = Taxes;
05% - 11% = Distribution & Marketing;
13% - 16% = Refining;
64% - 69% = Crude Oil.
The percentages will vary from state to state of course. The above percentages are the national average break-down of the cost of gasoline and diesel.
This makes little sense to me. The U.S. is exporting a large quantity of oil. It is difficult to tell how much we export as a percent of production, but why do we export any? We obviously have a demand here in the U.S. because of the huge amount that we import so why don't we use our own oil.
It is a confusing maze because you have to look at both the refined fuel and the heavy oil.
I am not opposed to drilling, but where is the guarantee that if we drilled more that we would use the oil instead of exporting it to a better market, which brings up another question, why would another market be better.
There is no guarantee. However, I will guarantee you this. If we do not produce more oil, prices will go up. Supply and demand baby.
That's nice and all, but from what I understand it will take somewhere in the neighborhood of 10 years to bring any meaningful amount of oil to market, and even then the amount we bring isn't going to change the global price of crude all that much....
The other options could have us well on our way to being off oil all-together in 10 years and not having to worry about what the price of crude is today or, quite frankly, what's going on in the Middle East today...
That's nice and all, but from what I understand it will take somewhere in the neighborhood of 10 years to bring any meaningful amount of oil to market, and even then the amount we bring isn't going to change the global price of crude all that much....
The other options could have us well on our way to being off oil all-together in 10 years and not having to worry about what the price of crude is today or, quite frankly, what's going on in the Middle East today...
I like the second options better.
What other option? Where is this mythical alternate energy. People have to stop with the timeline to getting oil out of the ground objection. That is no reason to delay.
It is impossible to know the impact of future oil finds would have on the market.
There is no guarantee. However, I will guarantee you this. If we do not produce more oil, prices will go up. Supply and demand baby.
Well, you could consider lowering demand...
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