THE TRUCK STOP General Chat area. Religion and politics topics will undoubtedly be deleted. Anything over PG-13 is not allowed. WORK SAFE!

Oil 77.70 a barrel and droping

Thread Tools
 
Search this Thread
 
Old Oct 13, 2008 | 11:19 PM
  #51  
dirt track racer 81's Avatar
TECH Senior Member
iTrader: (45)
 
Joined: Jun 2005
Posts: 9,439
Likes: 13
From: Hennessey, Oklahoma
Default

Originally Posted by outlawz2004
Exactly.
HAHA
Reply
Old Oct 13, 2008 | 11:42 PM
  #52  
PappyDan's Avatar
Thread Starter
Tribe Shaman
iTrader: (4)
 
Joined: May 2004
Posts: 3,050
Likes: 0
From: Texas
Default

well at one time it was called compatition and gas wars was on to get your dollar at the pump charging the lowest price.
then came rich people, they invested in the oil companies enough to get elected on the board.
then the rich people figured out that their invested in all oil companies and at war with them selves, so they ended the gas war and started charging the same price for gas no matter where you went to fill up.
that is when the compatition formed a union, that is why it was stated they all pay the same price so they all charge the same price.
but it was listed witch company did not buy forgeon oil, even though oil was going for 150 a barrel from over seas, sweet texas crude was selling for much lower, but the company was charging the same price at the pump as the rest that bought from over seas.

i will give an example, on one hand we have the energizer bunny, on the other we have deracell the copper top, both are in compatition with each other.
but then again it is all one company because one owns the other.

the oil companies are the same way, when a company sells stock, and a group gets controling intrest of the stock, in a way they own the company.
when the same group gets controling intrest in all oil companies, their is no more compatition between them, in a way a union has been formed by owner ship of stock holders.
Reply
Old Oct 13, 2008 | 11:48 PM
  #53  
LowBlack99's Avatar
TECH Enthusiast
iTrader: (3)
 
Joined: Mar 2005
Posts: 617
Likes: 0
From: Southaven,MS
Default

The majority of oil companies profits ARE NOT from Gasoline! Gas is the byproduct of refinery and before the invention of the internal combustion engine was waste. Do a quick GOOGLE of gas yield per barrel of oil. Think of all the products we use on a daily basis the contain petroleum? It's shocking to see how many industries and products are reliant on the oil business. Taxes per gallon are another big issue, look up how much you pay in your state/locality in taxes on gas. Oil companies just like any other business are in business to make a profit, be it Exxon, Wal-mart or the corner mom-n-pop burger joint. Publically traded companies owe it to there shareholders to make profits and small business owners have to to survive. If you are in a company 401k,IRA, Mutual fund etc.... Than you more than likely also own some amount of stock in an oil company. So see we are all to blame in some manner or another for price at the pump. It's not justs "Big Oil" it's Greed that controls this country and it's economy and when the bubble bursts as it recently has everyone starts pointing fingers at who's to blame and the truth is we are all to blame! That's my .02 and accept my responsibility for part.
Reply
Old Oct 14, 2008 | 12:01 AM
  #54  
PappyDan's Avatar
Thread Starter
Tribe Shaman
iTrader: (4)
 
Joined: May 2004
Posts: 3,050
Likes: 0
From: Texas
Default

amen brotha, hal a lue AAAAAAAAAAAAAAaaa.
i drink beer, so i buy stock in my beer company, the beer company sends me a check for divadens earned by my stock, so i cash my check to buy more beer to drink.
it is cycle of hell but it taste dame good ice cold.
Reply
Old Oct 14, 2008 | 12:10 AM
  #55  
LowBlack99's Avatar
TECH Enthusiast
iTrader: (3)
 
Joined: Mar 2005
Posts: 617
Likes: 0
From: Southaven,MS
Default

Well that's pretty much how it works. Let the oil business go through what the housing/banking market is right now and see where it put's everyday folks like us.

On another note, if you had invested 1000 in Delta airlines a year ago today you would have $16 bucks, In Merril Lynch $5 bucks, in Lerman you'd have nothing. If you took that same 1000 and bought beer and drank it and recycled the bottles and cans? $214 and a bunch of nights you can't remember
Reply
Old Oct 14, 2008 | 12:17 AM
  #56  
RoosterMcCandles's Avatar
TECH Addict
iTrader: (4)
 
Joined: Apr 2006
Posts: 2,111
Likes: 0
Default

Originally Posted by LowBlack99
On another note, if you had invested 1000 in Delta airlines a year ago today you would have $16 bucks, In Merril Lynch $5 bucks, in Lerman you'd have nothing. If you took that same 1000 and bought beer and drank it and recycled the bottles and cans? $214 and a bunch of nights you can't remember
Nothing like some bad math going around in an e-mail to get a day started. About 28 cans equal a pound of aluminum. The last I saw (about a week ago in my area) aluminum was going for about 40 cents a pound. Let's say 30 beers cost $20 (to keep the math nice and round). $1000 = 1500 beers = ~53.5 pounds of aluminum = $21.40. If you live in a state that gets 5 cents a can it'll basically be double. Math like you see in e-mails is the reason our country fiscally sucks.
Reply
Old Oct 14, 2008 | 12:29 AM
  #57  
LowBlack99's Avatar
TECH Enthusiast
iTrader: (3)
 
Joined: Mar 2005
Posts: 617
Likes: 0
From: Southaven,MS
Default

Not from a e-mail. Admitted it was qouted from a media source. Aluminum was .70 a pound in my area last I sold some about 2 months ago. Also I would take into thought that some states have a glass bottle recycling program. My attempt was also just to make a point as to the state of our current economy.
Reply
Old Oct 14, 2008 | 08:16 AM
  #58  
dirt track racer 81's Avatar
TECH Senior Member
iTrader: (45)
 
Joined: Jun 2005
Posts: 9,439
Likes: 13
From: Hennessey, Oklahoma
Default

Originally Posted by outlawz2004
Exactly. How about holding tankers offshore until the market demand is higher and then saying there is a shortage or a natural disaster, then charge outragous prices for it. Why does the price of gas skyrocket and the pumps reflect it that day, yet the cost of oil now is cheaper and you barely see a reflection in the pump prices for two weeks. How about during a hurricane, they drive up the price for a gallon even before a storm hits. What about deisel, trucks have ran off crude deisel for how many years? Now all of a sudden it needs an additive so we have to charge more for it. IMO the oil companies saw they were missing out on a large profit with goods being trucked across country, and now their greed reflects in everything we buy or use. We get hit at the store, at the gas pump, and on our utility bills. Thats it for tonight, I am getting off work here shortly, thanks for the interesting conversation and I apologize if I offended anyone.
the tankers that are off shore are from other countries. they could be waitin for the price in the U.S. to go up to make more off of it, or they could be waiting for room to store it, never know. You can thank your local tree huggers for the price of diesel for going up, supposed to be more invironmentaly friendly, go give em a friendly hug. We get hit everywhere for the high oil price because oil is used in alot more than fuel
Reply
Old Oct 15, 2008 | 10:43 PM
  #59  
PappyDan's Avatar
Thread Starter
Tribe Shaman
iTrader: (4)
 
Joined: May 2004
Posts: 3,050
Likes: 0
From: Texas
Default

Originally Posted by LowBlack99
Not from a e-mail. Admitted it was qouted from a media source. Aluminum was .70 a pound in my area last I sold some about 2 months ago. Also I would take into thought that some states have a glass bottle recycling program. My attempt was also just to make a point as to the state of our current economy.
a Can is not just aluminum, it also contains copper.
if you think about it 1 pound is not that much.
the price on cans has always been inbetween copper and aluminum.
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
dsbodley
New Members
1
Nov 14, 2015 09:46 PM
lukn4trbl355
INTERNAL ENGINE MODIFICATIONS
7
Oct 21, 2015 11:19 PM
sTNT971
FORCED INDUCTION
6
Sep 26, 2015 04:22 PM
lxcoupe
GM Parts Classifieds
3
Sep 25, 2015 12:36 PM
dirt track racer 81
GM Engine & Exhaust Performance
5
Sep 21, 2015 06:44 PM




All times are GMT -5. The time now is 08:26 PM.