Bush to solve gas price problem!!

[Pachydermatous]

CHATTBRIT ---

What are "psychofants?" Has the language run off and left you????

OPEC can rig prices two ways: 1. They simply jack the price per barrel up. 2. They cut production, which makes oil scarce and more expensive.

EPA hops in to help with their mandatory gasoline formulations for certain areas, which are more costly. And lastly the governments leap in to tax the bejeezus out of gas at the pump.

What happened to you? Did you have to fill your tank this week? P.S. Could you mean perhaps "sycophants?"

 

[TexasBama]

By all reasonable accounts ANWR will reduce imports by 5-8%. Other than a short-term fix, as P&G alluded to with Iraq, please explain to me how ANWR will reduce energy dependence. Energy independence has been Dubya's selling point from day one for drilling ANWR, and I'm not buying. Perhaps its because I worked in and around the industry for about 20 years and believe I know what I'm talking about. I'm dying to learn more, though.

 

[bama peach]

Britt, I have to compliment you on your astute observation concerning this president and his rougish administration. And for those of you who take a juvenile like criticism of my "grammer"? huh, i've seen more gramatical errors on these boards to make Winston Churchill turn over in his grave. Britt i know you're not so naive as to not realize that you are dealing with the hotbed of so called "conservativism" and you really have to have been raised in the deep south to appreciate what I'm saying. Don't know if you know what a "Dixiecrat" is or not, but the term derived from the south taking a hard stand on things like school integration, etc. George Wallace, Lester Maddox, et al. You see, I grew up in the era when blacks were referred to as the N word, regardless of their age. As a matter of fact, i've seen old black men and women being called the N word to their face. A lot of these people that call themselves conservatives never lived through those times. They only go on what their parents instilled in them. To make a long story short, those Dixiecrats I mentioned above later became right winged republicans and apparently, it appears that it will remain that way for God knows how long. That sentiment has been carried over to the present day not only about blacks, but Jews, Catholics, or any other minority who don't take their view. Most consider themselves "BORN AGAIN CHRISTAINS" and they want to inject their belief of moral superiority into the constitution of the United States. You're absolutely right, they keep their blinders on to anything that might conflict with their narrow minded view. And for us citizens who have a different perspective than they, they cast dispersions onto them and label them Socialists, Communists, etc., with no cogent reason of why. Oh well, just wanted you to know that I'm in your corner Britt.

 

[TexasTide]

You got the Cliff's Notes version of that post?

 

[Mamacalled]

BamaPeach,
Funny that you mention closed minded when you make generaliztions. When someone generalizes or stereotypes, that shows the narrowmindedness of that individual. So, you have shown yourself to be the same as the people you criticize.
You generalize that minorities are Democrats and Conservatives are racist whites. Well, I am a conservative and a minority. I guess that I don't fall into fall into your stereotype.
The racist application is something that is very personal to me. I have mentioned here before. My Uncle who was a district attorney had his office bombed in 1978 by white supremecist that he was prosecuting. Fotunately for us, he had not made in to his office when the bomb exploded. Unfortunately, his best friend was killed in the blast. My uncle was a Republican that had a large suppport in the African-American community. When he past with cancer, he had as many blacks come and pay respect as he did whites and Native Americans, of which I am. So to imply me as a racist is something that I am tremendously offended by. My family has suffered at the hands of real racist and many would stand next to you as a democrat. Neither party is free from racist and neither owns the racist moniker.
I take offense that you will come on here and call someone names without facts to back it up. I have responded to you with facts on another post and did not call you names and your response was filled with hate and did not respond with anything but allegations with ou any facts.
I feel that you owe me an apology but highly doubt that you will give one.

 

[CHATTBRIT]

Pachy and all others: I am not a Dixiecrat. In fact was born in the Mother Country and moved here to take it back!! (that is a joke).

In all the criticism my post has evoked, not one has addressed the obscene profits of the oil companies. If my raw materials are in short supply for my business, I do well just to maintain my profitability never mind increase it exponentially.

PS. I am a republican just not a Bush psychofant.

 

[fundytide]

Pachy:

How arrogant of you to criticize someone's grammar and turn quickly to demonstrating your own ignorance of economics (again).

OPEC sets the price of oil ONE WAY- by adjusting production/supply, not by "...simply jacking the price per barrel up."

Consider that your come-uppance. (Sp?)

 

[TexasTide]

Provide a link to unbiased site that shows big oil companies reporting NET profits of 2 Billion and then I'll answer.

 

[TexasBama]

http://finance.yahoo.com/q/ks?s=XOM

http://finance.yahoo.com/q/is?s=XOM


NINC 4 qtrs ending 9/30 ~ 18.9 bill
EBITDA = 37.05 bill
Cash flow = 14.18 bill (Whoa!!!!!)

 

[TexasTide]

Maybe I'm not reading it right but if you click on the Cash Flow link and the Income Statement and see the details, their net income was about 20 million over the last 4 qtrs. Profitability is also listed at 8.5%.

 

[TexasBama]

TT, look at the bottom line on the second thread NET INCOME $3,650,000 $4,170,000 etc. Note these numbers are in thousands, so its 3.65 billion, 4.17 billion etc.

Now, this is accounting income, which can be mumbo-jumbo'ed like Enron did. However, the cash flow statement can't (Enron posted negative cash flow for three years prior to their going belly-up, that why I never bought their stock). With cash flow of $14 billion +, they're making money like they're printing it.

And they're making it on the E&P side. The indys (Valero, et. al.) are making good money now because they'd bought their future a price below the current crude spot. So they've got a good spread versus pump price. They'll be hurting for a while when the crude prices come down, though, when they have a negative spread.

 

[Pachydermatous]

fundytide ---

Comeuppance is one word. No hyphen. Also, do a little research on OPEC history. They have pulled everything from a bald raise in prices, to cuts in production to a complete oil embargo.

peachy ---

You said: " Don't know if you know what a "Dixiecrat" is or not, but the term derived from the south taking a hard stand on things like school integration, etc. George Wallace, Lester Maddox, et al. You see, I grew up in the era when blacks were referred to as the N word, regardless of their age. As a matter of fact, i've seen old black men and women being called the N word to their face. A lot of these people that call themselves conservatives never lived through those times."

It so happens, I lived through that era and many before it. Dixiecrats were simply an offshoot of the Democrat Party. The whole segregation business, from start to finish, was a Democrat production.

Democrat legislatures and governors passed the segregation laws. Democrat sheriffs and police chiefs enforced them. There were no Republicans in office in those days. It wasn't until the late 1950s that the GOP began making a small noise in states like Mississippi and Alabama.

Peachy, I suggest you hit the history books again with an objective eye. Most of you liberals simply sound off in ignorance of a subject or its relevance. I have no hope this will make a dent in your skull, but there's always that wild chance ...

But since you introduced segregation into a discussion of oil prices:

The South voted almost totally Democrat since the Civil War. Lincoln's Republican administration had waged the war that subdued Dixie and freed the slaves. Southerners were not about to forget it. They were also not about to forget the GOP, which they cast into political darkness. This is the Democrat Party you liberals worship so slavishly today.

I think one of your problems is that you have modern Republican conservatives mixed up with the Democrat racists of yesteryear. This is very farfetched, but I've never seen a liberal who couldn't stretch one molehill of misstatement into a mountain of confusion.

By the way, congrats on discovering the capital key.

 

[TexasTide]

TB,

I thought that may be the case, 20 million seemed low but I could not find where it said the numbers were in the thousands.

You're right they will be hurting when the price comes down, as they were a few years ago, .

As far as the original post is concerned, the profits are high because the price per barrel is high and there is not much money being invested in exploration right now. Just 5 years ago they were losing money and laying off people so it balances out. DBF probably knows better than I do, but about 50 - 60 cents per gallon goes to Uncle Sam. Exxon does not make that much per gallon. The cost of getting a gallon of gas from petroleum thousands of feet underground to our gas tanks is immense. Much more than getting a gallon of milk form a cow to our fridge yet we pay about $2.50 a gallon for that.

Considering the demand for gas (is there anything in higher demand?) and the amount it costs to extract and refine petroleum, it's surprising it does not cost a lot more. I'm sure if it were entirely up to Exxon it would.

As far as the "fox in the hen house" comment, if Bush doesn't do anything about the price the Liberals complain. He does something to discuss prices and maybe reduce them and they complain. Basically they just like to complain about GWB and no matter what he does it's not good enough for you. Do you see why we think you have no credibility? Prices went from .76 cents per gallon to 1.30 here in Houston while Clinton was President, where were you then? Probably complaining about all the people being laid off due to the low price per barrel.

 

[Mamacalled]

To clarify something, the big bad oil companies have a profit margin of 5.6% where as the profit margin in the manufacturing industry is 5.7%.

 

[bama peach]

<font face="Verdana, Arial" size="2">Originally posted by Mamacalled:
BamaPeach,
Funny that you mention closed minded when you make generaliztions. When someone generalizes or stereotypes, that shows the narrowmindedness of that individual. So, you have shown yourself to be the same as the people you criticize.
You generalize that minorities are Democrats and Conservatives are racist whites. Well, I am a conservative and a minority. I guess that I don't fall into fall into your stereotype.
The racist application is something that is very personal to me. I have mentioned here before. My Uncle who was a district attorney had his office bombed in 1978 by white supremecist that he was prosecuting. Fotunately for us, he had not made in to his office when the bomb exploded. Unfortunately, his best friend was killed in the blast. My uncle was a Republican that had a large suppport in the African-American community. When he past with cancer, he had as many blacks come and pay respect as he did whites and Native Americans, of which I am. So to imply me as a racist is something that I am tremendously offended by. My family has suffered at the hands of real racist and many would stand next to you as a democrat. Neither party is free from racist and neither owns the racist moniker.
I take offense that you will come on here and call someone names without facts to back it up. I have responded to you with facts on another post and did not call you names and your response was filled with hate and did not respond with anything but allegations with ou any facts.
I feel that you owe me an apology but highly doubt that you will give one. </font>

 

[bama peach]

<font face="Verdana, Arial" size="2">Originally posted by Mamacalled:
BamaPeach,
Funny that you mention closed minded when you make generaliztions. When someone generalizes or stereotypes, that shows the narrowmindedness of that individual. So, you have shown yourself to be the same as the people you criticize.
You generalize that minorities are Democrats and Conservatives are racist whites. Well, I am a conservative and a minority. I guess that I don't fall into fall into your stereotype.
The racist application is something that is very personal to me. I have mentioned here before. My Uncle who was a district attorney had his office bombed in 1978 by white supremecist that he was prosecuting. Fotunately for us, he had not made in to his office when the bomb exploded. Unfortunately, his best friend was killed in the blast. My uncle was a Republican that had a large suppport in the African-American community. When he past with cancer, he had as many blacks come and pay respect as he did whites and Native Americans, of which I am. So to imply me as a racist is something that I am tremendously offended by. My family has suffered at the hands of real racist and many would stand next to you as a democrat. Neither party is free from racist and neither owns the racist moniker.
I take offense that you will come on here and call someone names without facts to back it up. I have responded to you with facts on another post and did not call you names and your response was filled with hate and did not respond with anything but allegations with ou any facts.
I feel that you owe me an apology but highly doubt that you will give one. </font>

OK MC, I apologize if I offended you. Hope you'll accept my apology. By the way, i'm a white man (irish, french) and maybe a smidgen amer. indian. Are you full blood native american? You, of all people should know that there's rampart racism all over this nation and others too (after all, this country was taken from the indian). But it seems that the "good ole boy" attitude seems to prevail in the south. G.W. Bush would never win an election if he didn't have a solid south behind him and neither would many other Repubs. MC, maybe i am somewhat of a bleeding heart lib., but it just tears me up to see the rich getting richer and the poor falling into poverty and the middle class becoming the new poor. What hurts the worst is seeing the young, and older population being the most victimized. As far as the oil situation is concerned, i just think that we americans are just spoiled brats that have our gas guzzeling suvs and vans, etc. and not driving something alot more fuel efficient, instead of bombing and occupying a country that had no part in the 911 event. The last time i checked, the terrorist who committed the horrindous act were saudis.

At any rate, i noticed you're from Dallas, Ga. I'm from cartersville, just up the road from you. Maybe we can link up sometime over a cup of coffee, or something, that is of course, if you'd like. rtr!!

 

[TexasTide]

Bamapeach,

I am from rural Alabama and I assure you, "the good ole boys" were Democrats through and through. The vast majority of Southern Republicans were well off, well educated, middle class of all races. The party of the KKK was Democrat.

It has been changing somewhat over the last 10 years but that is because of 3 things, abortion. religion, and guns, not racism, hatred, bigotry, or any of the number of other things Liberals claim. When you try to take away a good ole boy's gun, tell him killing unborn children is ok, and there is no God, he's not going to vote for you.

Most good ole boy Southerners I knew as a kid were racist Democrats and would have nothing to do with a Republican. Now you will see a well educated businessman in a three piece suit voting right with a redneck wearing a camouflage jump suit and a hat with #3 on it. The Democrats have no one to blame but themselves for the alienation. Democrats and Republicans may have disagreed on social issues and foreign policy but they both still believed in core American values. Not anymore.

 

[bama peach]

<font face="Verdana, Arial" size="2">Originally posted by Pachydermatous:
fundytide ---

Comeuppance is one word. No hyphen. Also, do a little research on OPEC history. They have pulled everything from a bald raise in prices, to cuts in production to a complete oil embargo.

peachy ---

You said: " Don't know if you know what a "Dixiecrat" is or not, but the term derived from the south taking a hard stand on things like school integration, etc. George Wallace, Lester Maddox, et al. You see, I grew up in the era when blacks were referred to as the N word, regardless of their age. As a matter of fact, i've seen old black men and women being called the N word to their face. A lot of these people that call themselves conservatives never lived through those times."

It so happens, I lived through that era and many before it. Dixiecrats were simply an offshoot of the Democrat Party. The whole segregation business, from start to finish, was a Democrat production.

Democrat legislatures and governors passed the segregation laws. Democrat sheriffs and police chiefs enforced them. There were no Republicans in office in those days. It wasn't until the late 1950s that the GOP began making a small noise in states like Mississippi and Alabama.

Peachy, I suggest you hit the history books again with an objective eye. Most of you liberals simply sound off in ignorance of a subject or its relevance. I have no hope this will make a dent in your skull, but there's always that wild chance ...

But since you introduced segregation into a discussion of oil prices:

The South voted almost totally Democrat since the Civil War. Lincoln's Republican administration had waged the war that subdued Dixie and freed the slaves. Southerners were not about to forget it. They were also not about to forget the GOP, which they cast into political darkness. This is the Democrat Party you liberals worship so slavishly today.

I think one of your problems is that you have modern Republican conservatives mixed up with the Democrat racists of yesteryear. This is very farfetched, but I've never seen a liberal who couldn't stretch one molehill of misstatement into a mountain of confusion.

By the way, congrats on discovering the capital key.</font>

Pachy, give me a break! Are you sure that you are as old as you indicated? I believe that i do have the facts and i'm not going to resort to calling names as you did. I think you're the one who needs to read your history and please do it w/out your right winged blinders on. Thanks for the compliment on the caps key, although that shouldn't be relevant to our discussion. Have a good day!

 

[bama peach]

<font face="Verdana, Arial" size="2">Originally posted by TexasTide:
Bamapeach,

I am from rural Alabama and I assure you, "the good ole boys" were Democrats through and through. The vast majority of Southern Republicans were well off, well educated, middle class of all races. The party of the KKK was Democrat.

It has been changing somewhat over the last 10 years but that is because of 3 things, abortion. religion, and guns, not racism, hatred, bigotry, or any of the number of other things Liberals claim. When you try to take away a good ole boy's gun, tell him killing unborn children is ok, and there is no God, he's not going to vote for you.

Most good ole boy Southerners I knew as a kid were racist Democrats and would have nothing to do with a Republican. Now you will see a well educated businessman in a three piece suit voting right with a redneck wearing a camouflage jump suit and a hat with #3 on it. The Democrats have no one to blame but themselves for the alienation. Democrats and Republicans may have disagreed on social issues and foreign policy but they both still believed in core American values. Not anymore.

</font>

Yea right! You don't remember when there wasn't even a republican ticket on the ballot box in Alabama? I'll agree that the two parties have almost done a 180 degrees. Does that tell you something? No sir, it's geographical. Pleeeeeze don't use the "american values " thing on me. I served my country with honor for four years in the navy..... what is your military record? One other thing I thought "Christains" weren't suppost to judge his fellow man. I consider myself a christain, but I try to stay out of peoples bedrooms, pontificatig how sinful they are when they're doing basically the same thing. tell ya what, i getting too old for this verbal sparring, but if you would like, i'll give you my e-mail address and we ca have a leasurely discussion because the wolves are coming out of the woodwork and my bp is rising,also.

 

[bama peach]

<font face="Verdana, Arial" size="2">Originally posted by bama peach:
Yea right! You don't remember when there wasn't even a republican ticket on the ballot box in Alabama? I'll agree that the two parties have almost done a 180 degrees. Does that tell you something? No sir, it's geographical. Pleeeeeze don't use the "american values " thing on me. I served my country with honor for four years in the navy..... what is your military record? One other thing I thought "Christains" weren't suppost to judge his fellow man. I consider myself a christain, but I try to stay out of peoples bedrooms, pontificatig how sinful they are when they're doing basically the same thing. tell ya what, i getting too old for this verbal sparring, but if you would like, i'll give you my e-mail address and we ca have a leasurely discussion because the wolves are coming out of the woodwork and my bp is rising,also.</font>

sorry about the spelling of christian, just tired.