A very good Question..
- Thread starter #juan
- Start date
The usual excuses. Limited refining capacity. Supply & demand. Greed. Tax being a
large part of the price, and fuel isn't just a reflection of the cost of oil...pick one or
several to combine into an excuse that sounds vaguely believable, and go with it.
large part of the price, and fuel isn't just a reflection of the cost of oil...pick one or
several to combine into an excuse that sounds vaguely believable, and go with it.
Very good point, I think we should be paying a lot for gas to curb it's use and carbon production but it does no make sense for a barrel of oil to be near $60 and have fuel costs no keep pace with that low.
However if the cost of oil went up you can bet that the cost of fuel will follow.:roll:
Diesel is still running $0.20 - $0.25 higher than regular gasoline per litre in Western
Canada...the claim is "limited refining capacity. Supply & demand. Greed." People
can choose to use less gasoline, but it's tough to reduce the volume of diesel fuel
needed at harvest time in the west, and for the truckers on the road it's tough to
choose to suddenly reduce their diesel usage while still running 60-70 hours per
week, and I think that justifies the price spread for the oil companies. Avro is right
on the money if the biggest factor is greed.
Canada...the claim is "limited refining capacity. Supply & demand. Greed." People
can choose to use less gasoline, but it's tough to reduce the volume of diesel fuel
needed at harvest time in the west, and for the truckers on the road it's tough to
choose to suddenly reduce their diesel usage while still running 60-70 hours per
week, and I think that justifies the price spread for the oil companies. Avro is right
on the money if the biggest factor is greed.
..........The public is fastened firmly to the post in the middle of the square.Two cuts are made in it's back - about 3" apart - from it's neck to it's ass.
With hot pincers, the strip of flesh is ripped off.
Any more questions?
:angry3:
Sure it's greed, although I never said that, but because the price of gas will be hard to justify OPEC will begin to scale back production to bring the price of crude back up. Watch how fast the price of gas goes up compared to it's molasses like decline.
Would this be appropriate?:
updated 10:00 a.m. PT, Fri., Feb. 1, 2008
HOUSTON - Exxon Mobil Corp. posted the largest annual profit by a U.S. company — $40.6 billion — on Friday as the world’s biggest publicly traded oil company benefited from historic crude prices at the end of the year.
Exxon also set a U.S. record for the biggest quarterly profit, posting net income of $11.7 billion for the final three months of 2007, beating its own mark of $10.71 billion in the fourth quarter of 2005.
The previous record for annual profit was $39.5 billion, which Exxon Mobil had in 2006.
updated 10:00 a.m. PT, Fri., Feb. 1, 2008
HOUSTON - Exxon Mobil Corp. posted the largest annual profit by a U.S. company — $40.6 billion — on Friday as the world’s biggest publicly traded oil company benefited from historic crude prices at the end of the year.
Exxon also set a U.S. record for the biggest quarterly profit, posting net income of $11.7 billion for the final three months of 2007, beating its own mark of $10.71 billion in the fourth quarter of 2005.
The previous record for annual profit was $39.5 billion, which Exxon Mobil had in 2006.
off the top of my head I would assume that it can only ever drop so low because refining costs don't disappear.
Looks like there is a fair amount of room. The refining cost is about 27 cents a gallon and taxes about 30 cents a gallon. If we gave the producer another thirty cents a gallon that would make it around 87 cents a gallon or something like 23 cents a liter.
Because the whole thing is a scam, that's why. There is no real formula to the pricing of oil/gas..... the companies just pick a number, give some lame excuse and we all suck it up.
Which is why I didn't buy a car yet.
Like Cell phones.... I won't get one until I feel people are being d*cked around.
Which is why I didn't buy a car yet.
Like Cell phones.... I won't get one until I feel people are being d*cked around.
This is why the price of gas is so high in Australia........ more than likely the same reason here!!!
1. Cost of crude oil plus resource tax rental $ 0.08
2. Refining distribution & retail margins $ 0.30
3. Parity pricing, excise & GST & carbon tax $ 1.62
Total price of one litre of petroleum $ 2.00
The governments tax grab accounts for most of the price, but Prime Minister Kevin Rudd claims that he cannot do anything about it. However according to the constitution he has the power and the responsibility.
Distribution TAXES PARITY PRICING EXCISE GST
= 0.38c = $1-62 OF EVERY $2-00 spent.
New Page 2
1. Cost of crude oil plus resource tax rental $ 0.08
2. Refining distribution & retail margins $ 0.30
3. Parity pricing, excise & GST & carbon tax $ 1.62
Total price of one litre of petroleum $ 2.00
The governments tax grab accounts for most of the price, but Prime Minister Kevin Rudd claims that he cannot do anything about it. However according to the constitution he has the power and the responsibility.
CURRENT FUEL PRICES 2008.
Crude Oil – Refining –
Distribution TAXES PARITY PRICING EXCISE GST
= 0.38c = $1-62 OF EVERY $2-00 spent.
New Page 2
Well you see the system would just crash because, as some of us here have said, we need those gluttonous rich people at the top or nothing would trickle down to the dirty little people at the bottom. The 1% at the top, who own 70% of everything, stimulate our economys with their marvelous inovative financial creations, and everyone reaps the benifits of free democratic capital.
juan, you hit the nail on the head. The big oil companies are greedy and getting greedier. They have us all by the shout and curlies. I noticed the damn companies haven't changed their damn pie charts they have stuck to the pumps...
I think a better question is:
Why is what we pay at the pumps at all dependent on the price of oil per barrel in Saudi, when we are able to provide what we need and more?
Even if we have to export the crude to the US for refining, it must still be a hell of a lot cheaper than shipping it across the world.
Some facts:
Canada's Oil Production - 2007: 3,360,000 bbl/d
Canada's Oil Consumption - 2007: 2,290,000 bbl/d
Canada's Refining Capabilities - 2007: 2,429,000 bbl/d
Seems to me that we should want for nothing when it comes to our homegrown petro, yet we still find ourselves over a barrel...
Why is what we pay at the pumps at all dependent on the price of oil per barrel in Saudi, when we are able to provide what we need and more?
Even if we have to export the crude to the US for refining, it must still be a hell of a lot cheaper than shipping it across the world.
Some facts:
Canada's Oil Production - 2007: 3,360,000 bbl/d
Canada's Oil Consumption - 2007: 2,290,000 bbl/d
Canada's Refining Capabilities - 2007: 2,429,000 bbl/d
Seems to me that we should want for nothing when it comes to our homegrown petro, yet we still find ourselves over a barrel...
If Mr. Obama gets the USA's brass ring and scraps (tinkers with) NAFTA like he's promised (threatened)
to do, then Canada is out of the arrangement of world pricing for oil and having to supply the USA with
oil for no more than we supply it to ourselves. We can then (as I understand it) sell the USA (& others) oil
at world prices, and oil to ourselves at a different price. Mr. Harper has already stated that if NAFTA goes
back on the table, oil is the first thing that comes off...
to do, then Canada is out of the arrangement of world pricing for oil and having to supply the USA with
oil for no more than we supply it to ourselves. We can then (as I understand it) sell the USA (& others) oil
at world prices, and oil to ourselves at a different price. Mr. Harper has already stated that if NAFTA goes
back on the table, oil is the first thing that comes off...
Tied into the same NAFTA deal (again as I understand it), is written a commitment that
we can't sell the USA less oil than we currently do without decreasing our own sale of
oil to ourselves proportionately. That puts Canada over a barrel all right. When the time
came for Mexico to sign in on NAFTA and a similar proposition was put forward to it
by the USA, Mexico backed off with a "thanks, but no thanks" answer and that's one
reason why they're in a much better position (as far a NAFTA goes) than Canada.
we can't sell the USA less oil than we currently do without decreasing our own sale of
oil to ourselves proportionately. That puts Canada over a barrel all right. When the time
came for Mexico to sign in on NAFTA and a similar proposition was put forward to it
by the USA, Mexico backed off with a "thanks, but no thanks" answer and that's one
reason why they're in a much better position (as far a NAFTA goes) than Canada.
Because my friend you don't live in a very "reasonable" country .And #juan ,I am not trying to insult your very intelligent question.