Comments on: Oil Prices Tumble in Biggest Weekly Drop Ever http://texasfred.net/archives/1359 No Holds Barred: News Opinion Commentary Fri, 19 Mar 2010 23:34:23 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: GUYK http://texasfred.net/archives/1359/comment-page-1#comment-12264 GUYK Tue, 22 Jul 2008 11:56:59 +0000 http://texasfred.net/?p=1359#comment-12264 Gasoline prices have dropped locally by as much as 15 cents per gallon in just the last couple of days..and if the crude prices keep falling I expect to see the gasoline prices fall..and the oil companies profit margin will remain the same although their gross receipts and net will be less.. Gasoline prices have dropped locally by as much as 15 cents per gallon in just the last couple of days..and if the crude prices keep falling I expect to see the gasoline prices fall..and the oil companies profit margin will remain the same although their gross receipts and net will be less..

]]> By: Johnny Bravo http://texasfred.net/archives/1359/comment-page-1#comment-12247 Johnny Bravo Mon, 21 Jul 2008 13:33:12 +0000 http://texasfred.net/?p=1359#comment-12247 CONSUMERS??? C'mon TexasFred - that's just PC talk. We're not CONSUMERS, we're CITIZENS. Anyway, absolutely love your blog - I read it everyday for a true common-sense take on current events. Shoot straight, and keep up the good work! CONSUMERS??? C’mon TexasFred – that’s just PC talk. We’re not CONSUMERS, we’re CITIZENS. Anyway, absolutely love your blog – I read it everyday for a true common-sense take on current events. Shoot straight, and keep up the good work!

]]> By: TexasFred http://texasfred.net/archives/1359/comment-page-1#comment-12245 TexasFred Mon, 21 Jul 2008 03:56:31 +0000 http://texasfred.net/?p=1359#comment-12245 <blockquote>comment number 15 by: Mark Krauss Today at 10:18 pm (32 minutes ago) But howabout some suggestions as to solutions? yeah, Maxine Waters and Nancy Pelosi are sure they could import, refine, and distribute fuels better and cheaper than the oil companies, hence their talk of nationalizing the oil industry here. let’s see, yeah, government has a nice long history of being more efficient than private business right? and Pelosi, Reid, and company have really shown how eager they are to drill and produce here in the US right? yeah….I’ll bet we could be completely off of foreign oil in a year or so if Pelosi was in charge…</blockquote>You want serious solutions and then launch on a tirade such as this?? We have solutions, and NONE of em are the silly bullshit you just wrote... The 1st thing that has to be done is realize this, I asked you to NOT push this, but WTF did you do?? You kept on... Like it or not, I really don't give a damn, I defined profit, that was your big bitch, the definition of PROFIT, we will agree to disagree... Solutions?? Come at me with out the silly bullshit and we may very well find out we ARE on the same page basically, and we may well know exactly what needs to be done, but lets face facts, who the fuck is gonna listen?

comment number 15 by: Mark Krauss
Today at 10:18 pm (32 minutes ago)
But howabout some suggestions as to solutions? yeah, Maxine Waters and Nancy Pelosi are sure they could import, refine, and distribute fuels better and cheaper than the oil companies, hence their talk of nationalizing the oil industry here. let’s see, yeah, government has a nice long history of being more efficient than private business right? and Pelosi, Reid, and company have really shown how eager they are to drill and produce here in the US right? yeah….I’ll bet we could be completely off of foreign oil in a year or so if Pelosi was in charge…

You want serious solutions and then launch on a tirade such as this?? We have solutions, and NONE of em are the silly bullshit you just wrote…

The 1st thing that has to be done is realize this, I asked you to NOT push this, but WTF did you do?? You kept on…

Like it or not, I really don’t give a damn, I defined profit, that was your big bitch, the definition of PROFIT, we will agree to disagree…

Solutions?? Come at me with out the silly bullshit and we may very well find out we ARE on the same page basically, and we may well know exactly what needs to be done, but lets face facts, who the fuck is gonna listen?

]]> By: Mark Krauss http://texasfred.net/archives/1359/comment-page-1#comment-12244 Mark Krauss Mon, 21 Jul 2008 03:18:58 +0000 http://texasfred.net/?p=1359#comment-12244 Please don't take my cynicism personally, I'm as frustrated about high energy costs as anyone, they are really crimping my budget of late. But howabout some suggestions as to solutions? yeah, Maxine Waters and Nancy Pelosi are sure they could import, refine, and distribute fuels better and cheaper than the oil companies, hence their talk of nationalizing the oil industry here. let's see, yeah, government has a nice long history of being more efficient than private business right? and Pelosi, Reid, and company have really shown how eager they are to drill and produce here in the US right? yeah....I'll bet we could be completely off of foreign oil in a year or so if Pelosi was in charge... and consider this, the US electorate votes for these people, so obviously these representatives are truly making their constituents happy, or they wouldn't be there, right? so, it is obvious the American people do not want oil companies to drill here, hell, not even in a barren wasteland in northern Alaska, Alaskans being the ONLY Americans to consistently vote for and lobby for drilling in their neighborhood. American oil companies used to be the major players in the business worldwide, now thanks mainly to government interference they only make up about 8% of the world oil market and as such, have almost no influence on oil prices anymore. should we saddle them with a windfall profits tax in order to drive all investment in them away? and further shrink their size in the world market? do you really think this will help your energy costs? when the only players in the oil business are Hugo Chavez, King Abdullah, Vladimir Putin (yeah, he's still in charge over there) and maybe British Petroleum as a minor player? we, that is US AMERICANS have already outsourced nearly all of our oil production, do you think that was a good idea? such a good idea that you want to outsource all the refining and distribution here too? frankly, I think outsourcing our production and becoming dependent on the middle east was a terrible idea, it was then, in the '70s, and it is even more today. and it seems to me we are paying for our foolishness here and now. we have to take back that production to ourselves, produce HERE and let the arabs keep their shit. I'm all open for suggestions, and once again, PLEASE don't take this as any personal jibe, I really want to hear about solutions that will work. Please don’t take my cynicism personally, I’m as frustrated about high energy costs as anyone, they are really crimping my budget of late. But howabout some suggestions as to solutions? yeah, Maxine Waters and Nancy Pelosi are sure they could import, refine, and distribute fuels better and cheaper than the oil companies, hence their talk of nationalizing the oil industry here. let’s see, yeah, government has a nice long history of being more efficient than private business right? and Pelosi, Reid, and company have really shown how eager they are to drill and produce here in the US right? yeah….I’ll bet we could be completely off of foreign oil in a year or so if Pelosi was in charge… and consider this, the US electorate votes for these people, so obviously these representatives are truly making their constituents happy, or they wouldn’t be there, right? so, it is obvious the American people do not want oil companies to drill here, hell, not even in a barren wasteland in northern Alaska, Alaskans being the ONLY Americans to consistently vote for and lobby for drilling in their neighborhood. American oil companies used to be the major players in the business worldwide, now thanks mainly to government interference they only make up about 8% of the world oil market and as such, have almost no influence on oil prices anymore. should we saddle them with a windfall profits tax in order to drive all investment in them away? and further shrink their size in the world market? do you really think this will help your energy costs? when the only players in the oil business are Hugo Chavez, King Abdullah, Vladimir Putin (yeah, he’s still in charge over there) and maybe British Petroleum as a minor player? we, that is US AMERICANS have already outsourced nearly all of our oil production, do you think that was a good idea? such a good idea that you want to outsource all the refining and distribution here too? frankly, I think outsourcing our production and becoming dependent on the middle east was a terrible idea, it was then, in the ’70s, and it is even more today. and it seems to me we are paying for our foolishness here and now. we have to take back that production to ourselves, produce HERE and let the arabs keep their shit.
I’m all open for suggestions, and once again, PLEASE don’t take this as any personal jibe, I really want to hear about solutions that will work.

]]> By: Bloviating Zeppelin http://texasfred.net/archives/1359/comment-page-1#comment-12243 Bloviating Zeppelin Mon, 21 Jul 2008 01:06:57 +0000 http://texasfred.net/?p=1359#comment-12243 Oil companies are pushing as hard as the market will bear. If WE BEAR IT, they will CONTINUE TO PUSH. How the fuck is it that we don't UNDERSTAND this? And here is THE difference, and why THIS product (like, for example, ELECTRICITY) is different from most any other product: you essentially CANNOT DO WITHOUT IT. The SAME can be said for electricity. And Forbes.com says (as I wrote a few weeks prior): expect coming national brownouts and blackouts. What other two products can entirely KILL this economy and this country in the shortest amount of time? We could regulate railroads, we could regulate airlines. But we won't do much to interfere with the product that could bring this entire country via ALL forms of transportation, production, lubrication, industry to damned near an immediate halt? But the overarching question: HOW MUCH and in WHAT FASHION do we condone government interference and regulation? And, considering the current state of our FEDERAL and collective STATE governments, how MOTIVATED ARE THEY to truly DRILL and BUILD and CUT? BZ Oil companies are pushing as hard as the market will bear. If WE BEAR IT, they will CONTINUE TO PUSH.

How the fuck is it that we don’t UNDERSTAND this? And here is THE difference, and why THIS product (like, for example, ELECTRICITY) is different from most any other product: you essentially CANNOT DO WITHOUT IT. The SAME can be said for electricity. And Forbes.com says (as I wrote a few weeks prior): expect coming national brownouts and blackouts.

What other two products can entirely KILL this economy and this country in the shortest amount of time?

We could regulate railroads, we could regulate airlines. But we won’t do much to interfere with the product that could bring this entire country via ALL forms of transportation, production, lubrication, industry to damned near an immediate halt?

But the overarching question: HOW MUCH and in WHAT FASHION do we condone government interference and regulation? And, considering the current state of our FEDERAL and collective STATE governments, how MOTIVATED ARE THEY to truly DRILL and BUILD and CUT?

BZ

]]> By: Around The Blogoshpere… http://texasfred.net/archives/1359/comment-page-1#comment-12242 Around The Blogoshpere… Mon, 21 Jul 2008 00:10:41 +0000 http://texasfred.net/?p=1359#comment-12242 [...] Oil Prices Tumble In Biggest Weekly Drop Ever - Texas Fred [...] [...] Oil Prices Tumble In Biggest Weekly Drop Ever – Texas Fred [...]

]]> By: TexasFred http://texasfred.net/archives/1359/comment-page-1#comment-12241 TexasFred Sun, 20 Jul 2008 19:46:10 +0000 http://texasfred.net/?p=1359#comment-12241 Exactly right Top Gun... Look folks, I don't have ANYTHING against a business making a PROFIT, that's what business is all about... My problem is the definition that some people try to apply to the word PROFIT... Don't feed me a shit sandwich and tell me it's peanut butter.. And anyone that can't see the OIL companies are gouging us, as well as our own government gouging us, is as screwed up as a shit house mouse... Exactly right Top Gun…

Look folks, I don’t have ANYTHING against a business making a PROFIT, that’s what business is all about…

My problem is the definition that some people try to apply to the word PROFIT… Don’t feed me a shit sandwich and tell me it’s peanut butter..

And anyone that can’t see the OIL companies are gouging us, as well as our own government gouging us, is as screwed up as a shit house mouse…

]]> By: Top Gun http://texasfred.net/archives/1359/comment-page-1#comment-12240 Top Gun Sun, 20 Jul 2008 19:10:40 +0000 http://texasfred.net/?p=1359#comment-12240 A free market can not work when a product “is” a needed commodity the economy can not operate without and that very product is controlled by few. A perfect example of the gouging is the price of diesel fuel which DOES NOT COST AS MUCH TO REFINE. Back in the 70’s when regular gas was .50 per/gal, diesel was half that at .25 cents per/gal. Last year here were the prices of all three grades of gasoline and the price of diesel: Premium gas: $3.79 per/gal Plus gas $3.65 per/gal Regular gas $3.52 per/gal Diesel fuel $3.59 per/gal Notice how diesel is in the middle of the price range just below the cost of Plus gasoline. Today: Premium gas: $4.16 per/gal Plus gas $4.04 per/gal Regular gas $3.92 per/gal Diesel fuel $4.79 per/gal Why a year later is diesel fuel .50 - .60 higher than PREMIUM gasoline when it DOES NOT COST AS MUCH TO REFINE. That right there is cold hard proof they are gouging, and yet they are allowed to continue to do so. A free market can not work when a product “is” a needed commodity the economy can not operate without and that very product is controlled by few.

A perfect example of the gouging is the price of diesel fuel which DOES NOT COST AS MUCH TO REFINE.

Back in the 70’s when regular gas was .50 per/gal, diesel was half that at .25 cents per/gal.

Last year here were the prices of all three grades of gasoline and the price of diesel:

Premium gas: $3.79 per/gal
Plus gas $3.65 per/gal
Regular gas $3.52 per/gal
Diesel fuel $3.59 per/gal

Notice how diesel is in the middle of the price range just below the cost of Plus gasoline.

Today:

Premium gas: $4.16 per/gal
Plus gas $4.04 per/gal
Regular gas $3.92 per/gal
Diesel fuel $4.79 per/gal

Why a year later is diesel fuel .50 – .60 higher than PREMIUM gasoline when it DOES NOT COST AS MUCH TO REFINE.

That right there is cold hard proof they are gouging, and yet they are allowed to continue to do so.

]]> By: TexasFred http://texasfred.net/archives/1359/comment-page-1#comment-12239 TexasFred Sun, 20 Jul 2008 16:45:29 +0000 http://texasfred.net/?p=1359#comment-12239 Basti, and you my friend, hit it squarely on the head with this: *I don’t remember ‘big oil’ ever having a ‘lean year’. You can rationalize anything, but that doesn’t make it true.*... Basti, and you my friend, hit it squarely on the head with this: *I don’t remember ‘big oil’ ever having a ‘lean year’. You can rationalize anything, but that doesn’t make it true.*…

]]> By: TexasFred http://texasfred.net/archives/1359/comment-page-1#comment-12238 TexasFred Sun, 20 Jul 2008 16:39:28 +0000 http://texasfred.net/?p=1359#comment-12238 I am well aware of the government taxes, and I know what that does to the prices, if ANY of you had paid attention to ANYTHING that has EVER been written is this POS blog you'd know that, and you'd know that I have NO use for our government in it's current structure... PAY ATTENTION to the #2 part of the below definition...<blockquote>PROFIT: –noun 1. Often, profits. a. pecuniary gain resulting from the employment of capital in any transaction. Compare gross profit, net profit. b. the ratio of such pecuniary gain to the amount of capital invested. c. returns, proceeds, or revenue, as from property or investments. 2. the monetary surplus left to a producer or employer after deducting wages, rent, cost of raw materials, etc.: The company works on a small margin of profit.</blockquote>And pay real close attention to THIS:<blockquote><a href="http://money.cnn.com/2008/02/01/news/companies/exxon_earnings/" target="_blank" rel="nofollow"><strong>Oil giant Exxon makes corporate history by booking $11.7 billion in quarterly profit; earns $1,300 a second in 2007.</strong></a></blockquote>I don't make this shit up, I use facts and sources, I don't see one qualifier anywhere in this definition that says a word about PROFIT the way some of you seem to interpret it. If you want to kiss BIG OIL's ass, and give them a free ride, great, I don't care! But here's the deal, BIG OIL is as complicit in the RAPE of the American consumer and is ANY OPEC nation or the tax structure of the USA... If you don't agree with this definition *2. the monetary surplus left to a producer or employer after deducting wages, rent, cost of raw materials, etc.: The company works on a small margin of profit.", take it up with Dictionary.com, Funk and Wagnalls, Noah Webster and the like.. Who knows, you might be a lot smarter than they are... If you guys want to blather away, go ahead, I am done with this, I refuse to have a battle of wits with people that can't or won't accept the commonly accepted definition of words... <strong>EDIT</strong>: How damned appropriate, don't even TRY to say the oil companies aren't gouging the shit out of us... <a href="http://www.chron.com/disp/story.mpl/business/5896523.html" target="_blank" rel="nofollow"><strong>Houston executive pay packages swell by over 30% Chron.com - Houston Chronicle</strong></a> We have the most corrupt government and business leaders imaginable, it's NOT just one segment of ANY of them, it's the whole stinking lot of em... <strong>EDIT TO ADD</strong>: But WTF do I know?? <a href="http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?symbol=xom" target="_blank" rel="nofollow"><b>Exxon Mobil Corp - Company Financial Statements - MSN Money</b></a> I am well aware of the government taxes, and I know what that does to the prices, if ANY of you had paid attention to ANYTHING that has EVER been written is this POS blog you’d know that, and you’d know that I have NO use for our government in it’s current structure…

PAY ATTENTION to the #2 part of the below definition…

PROFIT: –noun 1. Often, profits. a. pecuniary gain resulting from the employment of capital in any transaction. Compare gross profit, net profit.
b. the ratio of such pecuniary gain to the amount of capital invested.
c. returns, proceeds, or revenue, as from property or investments.

2. the monetary surplus left to a producer or employer after deducting wages, rent, cost of raw materials, etc.: The company works on a small margin of profit.

And pay real close attention to THIS:

Oil giant Exxon makes corporate history by booking $11.7 billion in quarterly profit; earns $1,300 a second in 2007.

I don’t make this shit up, I use facts and sources, I don’t see one qualifier anywhere in this definition that says a word about PROFIT the way some of you seem to interpret it.

If you want to kiss BIG OIL’s ass, and give them a free ride, great, I don’t care!

But here’s the deal, BIG OIL is as complicit in the RAPE of the American consumer and is ANY OPEC nation or the tax structure of the USA…

If you don’t agree with this definition *2. the monetary surplus left to a producer or employer after deducting wages, rent, cost of raw materials, etc.: The company works on a small margin of profit.”, take it up with Dictionary.com, Funk and Wagnalls, Noah Webster and the like..

Who knows, you might be a lot smarter than they are…

If you guys want to blather away, go ahead, I am done with this, I refuse to have a battle of wits with people that can’t or won’t accept the commonly accepted definition of words…

EDIT: How damned appropriate, don’t even TRY to say the oil companies aren’t gouging the shit out of us…

Houston executive pay packages swell by over 30% Chron.com – Houston Chronicle

We have the most corrupt government and business leaders imaginable, it’s NOT just one segment of ANY of them, it’s the whole stinking lot of em…

EDIT TO ADD: But WTF do I know?? Exxon Mobil Corp – Company Financial Statements – MSN Money

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