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Old 07-16-2013, 07:28 PM
 
11,770 posts, read 9,110,845 times
Reputation: 3436

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Quote:
Originally Posted by chad3 View Post
Exxon, Chevron Made $71 Billion Profit In 2012 As Consumers Paid Record Gas Prices | ThinkProgress


Oil corporations are making near record profits. Could this be a cause of high gas prices?

But since republicans will not raise taxes on large corporations and use that money to give regular Americans relief, and since republicans are against any regulation on what oil corporations can charge for gas, I guess republicans are forced to blame Obama and the EPA.
The profit on each gallon of gas is about .07 cents.
Refining and producing oil is much more profitable than end user gas.
Americans pay less for gas than Canadians do and about half what Europeans do.


The EPA measures pollutants per gallon and not per mile, so Europeans can get diesel cars that are rated at 90mpg while Americans are lucky to get almost half that.

Price control never work. The gov tried price controls before and it resulted in long lines. NY imposed rationing after hurricane Sandy and it resulted in the same thing. The pic below is from the 70's.
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Old 07-16-2013, 07:36 PM
 
33,405 posts, read 29,050,809 times
Reputation: 19894
Quote:
Originally Posted by OICU812 View Post
The EPA's agenda to save the world from global warming with ethanol mandates, is causing food and gas pump prices to soar, but don't bother asking why they would do this "during the worst economy since the Great Depression" because Obama and his EPA could give a rat's ass about you and me, and what this is doing to blow up our household budgets.

Some people think the answer is to mandate even more ethanol production to offset higher oil prices, which will only acerbate things and prices to go up further.

The Renewable Fuel Standard (RFS) sets annual mandates for renewable transportation fuels sold or introduced into commerce in the United States. The current RFSsets mandates through 2022. The Renewable Identification Number (RIN) system was created by the U.S. Environmental Protection Agency to facilitate compliance with the RFS.

How RINs Became Gasoline's Four-Letter Word | Zero Hedge

Ethanol Slips Versus Gasoline as RIN Price Signals

Back in April we showed "Why RINs Could Be 2013's 4-Letter Word For Gas Prices." Now that that gas prices have soared to their highs just in time for summer driving season and are about to take out the 2011 all time summer highs, it is time to look back at what the RIN chart is showing. In a nutshell, nothing good, if only for that statistically irrelevant sampling of the population that relies on internal combustion engines to get from Point A to Point B (after all, the Fed says gas prices are non-core, and why would the Fed lie: obviously Joe Sixpack buys a $5,000 hedonically-adjusted 80 inch LCD TV far more often than he has to hit the pump).

The chart in question:
Quote:
Originally Posted by Winter_Sucks View Post
I blame supply and demand. China, Brazil, and India have a large number of people entering the middle class and using a lot of oil.
it isnt just the EPA, as wintersucks pointed out, it is alsomarkets forces, and the states as well. we havent built a new refinery in 30 years, but we have closed something like 300 over that same period of time. new refineries with new technology would be a boon to lowering gas prices. add to that EPA standards and state additive requirements, and you create artificially high prices.
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Old 07-16-2013, 08:27 PM
 
Location: Montreal, Quebec
15,085 posts, read 12,702,823 times
Reputation: 9732
Quote:
Originally Posted by Seabass Inna Bun View Post
I take issue with the claim that gasoline in the US is expensive. Or why someone is obliged to see to it that it isn't, for that matter. Wah! Mommy! The price of gas makes me sad! Change it!
Many countries pay far, far more than the US. I'm paying close to $6.00.
Can I blame the EPA?
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Old 07-16-2013, 08:30 PM
 
Location: Montreal, Quebec
15,085 posts, read 12,702,823 times
Reputation: 9732
Quote:
Originally Posted by middle-aged mom View Post
Anyone else thrilled to read a thread that is not about GZ?
Yep. At one point there were 35 threads about GZ on the first page alone.
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Old 07-16-2013, 08:35 PM
 
Location: The Republic of Texas
74,695 posts, read 38,316,573 times
Reputation: 16748
Quote:
Originally Posted by Frank DeForrest View Post
Why not lower the tax burden on small business instead of raising it on exxon et al. to gift the federal government with more of our hard earned money?
Anyway, its we regular american consumers who pay Exxon's taxes at the pump, so don't pull our leg that raising them will give us some relief.

The Government makes 35% more off a gallon of gasoline, than EXXON makes in profit.
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Old 07-16-2013, 10:51 PM
 
Location: New Orleans, La. USA
6,247 posts, read 3,130,064 times
Reputation: 2459
Quote:
Originally Posted by Frank DeForrest View Post
Why not lower the tax burden on small business instead of raising it on exxon et al. to gift the federal government with more of our hard earned money?
Anyway, its we regular american consumers who pay Exxon's taxes at the pump, so don't pull our leg that raising them will give us some relief.
Because we live in an industrialized country. We have an advanced highway system, a powerful military, public transportation, a space program, government research into diseases and science, and we have retirement payments for senior citizens, ex.ex.

Our forefathers created our government and all of its programs, and I have been told since I was a child that the government of the United States of America was the greatest thing on planet Earth. But then republicans, Fox news and Rush radio told their people otherwise.

You want small government, low taxes, corporate deregulation, and the freedom to have automatic machine guns.

Why don't you move to Somalia or Afghanistan?
Why don't you move to a country that already has your dream government in place?


The following Australian documentary explains why (the corporate controlled) republican party, Fox news, and Rush radio want small government, low taxes, and corporate deregulation.

They want these things to get rid of the EPA and FDA so these agencies can no longer regulate large corporations, they want low taxes for corporations, and they want 0% tax rates on dividends and capital gains so the corporate CEO's that control Fox/Rush will get 0% federal tax rates.


The Billionaires' Tea Party (Full Length Documentary) - YouTube

Last edited by chad3; 07-16-2013 at 11:09 PM..
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Old 07-16-2013, 10:55 PM
 
29,409 posts, read 19,776,509 times
Reputation: 5443
Quote:
Originally Posted by katzpaw View Post
The premise in your very first sentence is wrong. Food and gas prices are not soaring. So your claim that RINS and RFS and RTFMAOS are causing price increases is wrong.
Yeah folks have been conditioned to accept 3.50 a gallon gas. When it goes down a bit they are excited. Sad state of affairs. As for food prices you gotta be kidding me if you think food prices haven't soared from two or three years ago. Maybe folks don't pay attention when they use their EBT card?
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Old 07-17-2013, 05:05 AM
 
79,571 posts, read 37,166,670 times
Reputation: 16158
Quote:
Originally Posted by chad3 View Post
Exxon, Chevron Made $71 Billion Profit In 2012 As Consumers Paid Record Gas Prices | ThinkProgress


Oil corporations are making near record profits. Could this be a cause of high gas prices?

But since republicans will not raise taxes on large corporations and use that money to give regular Americans relief, and since republicans are against any regulation on what oil corporations can charge for gas, I guess republicans are forced to blame Obama and the EPA.
The prices are mostly set by the markets which have been greatly subsidized by the federal government the last 5 years. Prices are as high as they are today because of government wall street welfare programs.

Corporations do NOT pay taxes. Their customers pay it, so you are arguing to make the costs even higher for consumers.

I drive a diesel, a car by the way that the "greens" rate very highly. Diesel is higher than regular gas because of higher taxes and EPA regulations and that only discourages more from purchasing these clean high mileage cars.
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Old 07-17-2013, 08:59 AM
 
33,405 posts, read 29,050,809 times
Reputation: 19894
Quote:
Originally Posted by weltschmerz View Post
Many countries pay far, far more than the US. I'm paying close to $6.00.
Can I blame the EPA?
since you dont live in the US, no you cant blame the EPA. instead you can blame your own countries government for taxes, and using the imperial gallon rather than the US gallon.
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Old 07-17-2013, 09:06 AM
 
Location: Calgary, AB
3,401 posts, read 2,038,109 times
Reputation: 1072
Darn those Canadian Imperial Gallons.
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