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Depressed... Oil prices are just gonna keep on rising and rising...


NeonVomit

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Posted

 

Originally posted by kilmister

I heard gas prices are suppose to go down .50 by December. I don't know what to believe anymore.

 

 

Is Santa bringing us oil for Christmas?

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I was excited to pay $2.85 a gallon today. Paid $2.98 a gallon a few days ago.

What sucks is if prices do go down a bit in the next few months, we will all be happy to pay $2.50 a gallon, which is what, a buck more than it was a year ago?

:rolleyes:

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Posted

http://news.yahoo.com/news?tmpl=story&u=/afp/20050907/ts_alt_afp/usweatherenergyoilpolitics_050907074523

 

You may have to cut and paste the link, but this is clearly not as pessimistic!:)

 

BTW, my wife chose to stay home with our kids, and watch a couple others. The income isn't huge, but it helps support our kids, and we don't pay for daycare. I know it might seem a little harder, but we love it!

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Some guy in Congress (can't remember who) just went on a tirade against oil companies, saying that it was immoral for them to be making record profits when predicted energy costs for the heating season in the US are predicted to be up 70% this year.

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Posted

 

Originally posted by J.

Some guy in Congress (can't remember who) just went on a tirade against oil companies, saying that it was immoral for them to be making record profits when predicted energy costs for the heating season in the US are predicted to be up 70% this year.

 

 

but government controls how much they can make in profit. The only reason they are making so much more profit nowadays is cuz people are buying more gas..

 

if they made say..1 dollar a gallon profit 5 years ago.. and made a total of 1 million dollars. they could be making the same 1 dollar profit a gallon today, but making like 10 million dollars (figures are just for example purposes, i have no idea how much they make per gallon.)

 

Plus a lot of the cost of gas is the taxes the government keeps adding on, but we can't take any off that because then we complain about bad roads and not having money to fix them

 

 

the only way to lower gas prices is to either use less (lowering demand, increasing supply) or make it cheaper to buy for the oil companies so they have to lower the price because of their profit cap

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The same congressman probably has lots of stock in ExxonMobil, but it is politically correct to blast big oil nowadays. :)

 

Gas here were from $2.48 to $2.98 and is back down to about $2.59. . .all in about 10 days, since the hurricane. The largest oil distributor announced Sunday that he had received a shipment and was completely filled and that there would be no gas shortage in north Louisiana. Prices came down after that.

 

More food for thought - gasoline reserves in the US are now at their lowest levels in 5 years. The more they raise the price, the more we seem to go out and buy it.

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Drilling for oil in Alaska... that's gonna go down REALLY well with a large section of the population :rolleyes:

 

Anyone who drives a hybrid/alternative powered car is just laughing at the rest of us now.

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I was in Chicago over Labor Day weekend and prices varied from $2.99 at a lot of stations to $3.09 or $3.29. Sometimes these stations would be across the street from each other. Gee, I wonder which one is getting the customers. :p

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Posted

Originally posted by NeonVomit

Anyone who drives a hybrid/alternative powered car is just laughing at the rest of us now.

 

 

They won't be when it comes time to replace their batteries......:rolleyes:

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Posted

OilProfitsVsOtherIndust3rdQ2004Revised.g

 

 

******

In the most recent study of profit per gallon, the American Petroleum Institute concluded that oil company profits amounted to an estimated 7.3 cents on each gallon sold.1 This estimate represents an industry average, but a multitude of factors can affect an individual oil company's profit on gasoline sales.

*******

 

source:

http://www.conocophillips.com/newsroom/other_resources/energyanswers/oil_profits.htm

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Posted

Originally posted by sludgebass69




They won't be when it comes time to replace their batteries......
:rolleyes:

 

And btw, they probably paid $2-4k more than they would have if they'd bought a normal car.

 

And ya, wait 'till 80-100k when the battery needs changing. BTW, what's going to happen to all of the used batteries?

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Posted

Originally posted by Emprov



And btw, they probably paid $2-4k more than they would have if they'd bought a normal car.


And ya, wait 'till 80-100k when the battery needs changing. BTW, what's going to happen to all of the used batteries?

My bicycle cost $300, doesn't need batteries (except the little flashy LED batteries for my lights) and I look great naked.

:p

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