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Gas and Price Gouging
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Before you point fingers at US oil companies, service stations, etc., remember that OPEC is a cartel and their COGS (cost of goods sold) for a barrel of oil is $4 USD. I'd say that's price gouging! So economic or supply and demand behavior when it comes to oil/gas doesn't always apply.
About this poster:
Posted by:
Scuba
(male, late-30s)
(Posted 9/2/05)
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Responses (5)
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ronc99
(9/3):
Actually, oil prices are not up that much, gas prices are. The ability to make gasoline has been severly hampered by enviromentalists for years. Companies have not opened a new refinery in the US in decades. It costs too much to try and appease the people so worried about the environment, so if you really want to blame someone blame them. Now that a few refineries in the South are out of commision, the others cannot produce more, they already are running at 98%, how can they make more? So, gas has to go up, so that people do not buy more then what they need. Otherwise we would run out before the others are back on line. it hurts, but it probably is a necessary evil. Better then lines and rationing.
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ARM
(9/5):
Enviromentalists groups have nothing to say what goes on in Central America or the Middle East countries.
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ronc99
(9/6):
I guess arm thinks gasoline is piped out of the ground. I said environmentslists hamper the building of REFINERIES, that make gasoline. They have EVERYTHING to do with it. These plants take up huge areas to make and store gasoline. Do you think it is NATURAL and CLEAN to produce these chemicals and products? Absolutely not, and it is very expensive to make a plant that conforms to the requirements set forth by the government, because people complain. Would you want a plant in YOUR back yard? I do not think you would. So there are only so many of them and no more are being built in this country that I am aware of. The rest of the world yes, but not the good old USA.
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flostramynnek
(9/10):
I'm sorry, but I really don't see where you have made a point here?
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Anonymous
(9/29):
OPEC is not setting the price per barrel, the gamblers and speculators of the commodities markets are.
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Responses (11)
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Burkett57
(9/2):
When you have an Oilman as president, your going to get outragous gas prices
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stephensoncarle
(9/2):
Review the oil companies earnings and profits for the year, and you see that they are higher than usual.
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Scuba
(9/2):
Stephensoncarle: Of course their profits are up. Their business is exploring, drilling, and pumping oil out of the ground and with costs relatively fixed and oil at $70/barrel, there are your profits. BTW: earnings and profits are the same thing.
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ARM
(9/5):
I agree with you Burkett57
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ARM
(9/5):
where is the vice president??
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Burkett57
(9/8):
Find a way to Blame Bush????? This was Bush's #1 campaign speech. I don't want to leagleize gay Marriges's!!!!! I am not pro or con on the subject. But I do belive this. Everyone pays taxes, Everyone deserves the same rights. Everyone pays taxes, Everyone votes. I do not belive there is room for predjudice in our Goverment. If our President or Govenor shows predjucie, then he or she should not be elected!!!!!!
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Burkett57
(9/8):
Thanks
ARM. unfortunally there are so many people out there that Think Bush is the best thing since sliced bread.. But Bush wil prove them wrong, if he hasn't already
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yte
(9/14):
that has some merit,Scuba
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Anonymous
(9/19):
Everyone knows that the oil companies are profitiers. They made a combined 37 billion in profits in the first quarter of 2005. And not one politician at the Federal or State levels have attempted to charge these companies. So here is a simple ideal. Get together enough signatures for recalls on the politicans who have profited in stock or junkents from the oil companys. And vote out of office the politicans who just refused to do anything. They are all guilty in one way.
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Lordboogar
(9/26):
Sunday's newspaper had a neat little graphic showing the percent increase in revenue for the various parts of the gasoline supply chain: Producers had only a 5% increase, delivery & storage subcontractors only a 5%. The HUGE jump was refineries- 250% increase. I don't see how a month or two of lost revenue calls for that steep a hike!
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Fraust13
(5/29):
We're getting price gouged, pure and simple. They keep changing the excuse for doing it. First it was refinery damage after hurricane Katrina. Then in the absence of any hurricanes to blame for refinery damage, it was supply. Then the alibi was oil prices going up due to higher demand in developing nations like China (66,000 people just died in an earthquake there. Who is driving all the cars that would cause such demand . Most of those folks ride bicycles there and in other "developing nations" with poor economies in worse shape than the US.). Now it's the speculators and traders alleged to be causing it. Here's a couple of thoughts for you- 1.) The price of oil went down on Wednesday ($126 a barrel), but gas prices did not. That's price gouging- 2) I don't know how it is where the rest of you live but here in Atlanta, every gas station (name brand or not) other than QT is owned and operated by East Indians or Arabs. What does that tell you??
This gas price nonsense actually started around the time the Iraq war started. Think that's a coincidence? The President and VP are in the Oil business. Think that's a coincidence? Last year a senator from Washington State wrote a bill to make Gas price gouging a Federal crime. The President threatened to veto it. Why would the president not want to make gas price gouging a federal crime when so many stations are owned and run by Arabs? Are they his friends?
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