OIL PRICES WILL FALL, JUST HOLD ON

[dhalltoyo]

Garman,

Don't try to bend my comments by taking them outside the text.

Gomer Pyle was portrayed as kind of a goofy guy with little knowledge of how the world really works. Not the best qualified person to hold the office of president.

I could have just as easily used two New Yorkers from the "Odd Couple" sitcom to make the same example. The context was to use an example of a fictious personality that most people would know. Nothing more, nothing less. Any reasonable person would not have read anything else into the example.

You will gain little support with your Straw Man defense.

Moreover, how do you know that I am not a southerner myself?

You don't! So do not try to alienate me with slander.

Just because TV has become vulgar does not make it right. Just like your comment about the tobacco industry. We permit the sale of tobacco, but it doesn't mean with have to succumb to wrongfulness of such. You spoke about freedom a few posts ago and that is the reason the tobacco industry was allowed to continue. Doctors, the military and a host of other agencies have been telling folks about the dangers of tobacco long before governement mandates. Just read the history books. Nobody listened, but that doesn't mean that folks couldn't just say NO themselves. There's that freedom again. Yes, you have the freedom to make the wrong choices too.

I believe it is wrong to sell pornography, but I do not want the federal governement to mandate restrictions. It would be much better for folks to exercise that freedom you so much like to tell us about and just not buy that garbage which degrades women and destroys marriages.

Funny, you never seem to address any of the quotes sited from a book that has been around since 1611.

"Am I therefore become your enemy because I tell you the truth?"

 

[cheri1122]

My thought is that it's time for a revolution, but one that gets the message (we have had enough of greed running, and ruining, our country) across without bloodshed: vote EVERY incumbent out of office. Our elected representatives have forgotten who they work for, and a clear reminder is long overdue.

 

[LDB]

A response and a reminder. This forum is intended for anyone interested in expediting and that could include someone's entire family down to the 10 year olds. TV has far worse language than it did some years ago. That doesn't mean this forum should. If there's any question that the preacher would say it in front of his 10 year old then please choose a different way to say it. Citing TV as the justification is like explaining your broken leg by saying the 4 boys who jumped off the roof ahead of you did just fine. Thanks.

Leo Bricker, 73's K5LDB, OOIDA 677319
Owner, Panther trucks 5507, 5508, 5509
Highway Watch Participant, Truckerbuddy
EO Forum Moderator
----------
Support the entire Constitution, not just the parts you like.

 

[dhalltoyo]

Cool.

Let's build a new location for the executive, judicial and legislative branches to conduct the business of government. Nothing fancy just adequate structures in which to conduct business.

I would choose the geographical center of the US. That would make travel times more equitable.

Oh, and that location would have a 100 mile buffer zone excluding any lobbyists, nightclubs or bars. It would also have onsite housing and restaurants that all government officials would be required to use while inside the complex. A small airport would allow the members to travel back and forth to home.

The old buildings in Washington, DC could become museums or libraries.

Fresh start in a fresh location!

 

[DannyD]

A few random thoughts here. I read the replies & have some thoughts to add on my own.

For starters, I think all in all the oil companies are doing an ok job at keeping prices reasonable in some very tough & stressful times this world is in right now. They deserve to make a profit just like the next person/company. Do they need record profits? I'm not so sure I have all the answers here, but we've had it so good for so long w/ the prices of fuel that maybe we're squaking a bit much when things level out some.

As for George Bush. Here's a guy that's got a tough job. Is he perfect? No, not at all. I do think though, that all in all he's doing a better job as President than most people are doing at their jobs. My feeling here is he's doing a better job of being President than 60% of the schoolteachers are at teaching school, 70% of the truck drivers driving trucks, 65% of the widgetmakers making widgets, & so on.

Those are randmon numbers & random jobs, so it's not meant as a jab at anyone person or any particular industry. My point here is I think Bush is doing a pretty good job all in all at a job that's an extremely tough job. It's to easy to take shots at someone who's in pretty much a no win position. He's not a King, he's a President & has to work w/in certain parameters in dealing w/ other people.

On the flip side of this, if anyone is interested there's a book called "The Creature from Jekyll Island" that seems to explain a lot of the workings of our economic system. I've just started reading it, so I don't know all of what it entails just yet. This book explains how banks can make bad loans & actually make more money than they make on good loans. Our middle class is being shrunk by having to cover bad loans to 3rd world countries & such.

I haven't gotten this far yet, but from what I gather it'll even explain how our banking system sets the table for wars & such. I'm about 50 pages into a 600 page book, but so far it's extremely intersting. If you even care about this stuff, take a peek at the book. It'll explain things a lot better than I can do in a few paragraphs.

With that in mind, our current system is largely supply & demand. Some have mentioned that there's a few instances where someone's the only game in town. That's true. Most of the time though, supply & demand will dictate prices. There's a few cartels out there. Banking seems to be one & I wouldn't doubt that oil & phone service are two other industries that fall into this group. In those cases, supply & demand isn't the only thing that'll set prices. Still, back to the original comment, considering the turbulant times we're having in this world right now, the price of fuel isn't THAT bad in my opinion.

Be well,
Danny

 

[greg334]

After reading this thread, I have to say some of what is said here is twaddle (thank you Microsoft for that synonym).

I must be in a sarcastic mood to say what I am about to say especially after what I received in the mail (I will post something later about that) and got to tell all of you who think that this problem is something to do with Bush or oil profits or anything like that is simply way off base.

Sure the oil companies see a profit – I am not defending them but remember that their profits not all derived through the sale of refined diesel and gas, but other things too.

I have a strong feeling that they would rather have the same profits (with moderate growth of course) with a stable price of crude instead of the crap that is going on right now. But when you have companies like Citgo, a.k.a. profit monger communist and terrorist supporter Hugo Chávez/Petróleos de Venezuela S.A. who are propping up the price of crude because he wants to hurt us(and also by the way own some of the refineries where other companies get their crude distilled), it seems that the market is not looking at a true supply shortage but rather a speculation of a shortage – the stability of the market is unsure and plotting a future is almost impossible. Remember the speculation market is an emotional entity.

It is odd that many people don’t have a clue to think that because many of the oil companies own the oil fields (or have lease rights), extract, transport and refine the oil themselves that their profits made are legitimate due to the market forces on the “speculation†market and nothing else. What I mean is that they are actually selling their end product at market value where the market forces are dictating the price which they have absolutely no control over but could with all intent and purpose sell their product for a lot less, I mean a lot less and still make a good profit simply because the raw resources they have for that end product has not followed the market price increases.

Does this make any sense?

So if you were the oil companies, would you pass up an opportunity like this?

IN ADDITION for you democrats against the republican people, I listened to some commentator out of NYC yesterday talk about the fallacy of the Clinton/Gore administration (mind you this commentator and guess were way left leaning liberals) and how they had 8 years to push through any and all legislation to fix the problems we now had. It was not like they didn’t know about China and India’s emergence from the stone age and it wasn’t like they knew that there was alternatives but he and his guess pointed out that Bush as actually been more progressive in the last two years than Clinton/Gore has in their 8 in trying to move the country forward. Needless to say they didn’t fall into the hate bush rhetoric like their fellow dems and their ideas on how to fix the problems seem to be well thought out. I find this rather odd but it dovetails into my next comment – where are the NEW refineries?

I can not see anyone saying bush is a big oil person with his inactions to help them. To start with he could have pushed through legislation to 100% write off R&D but didn’t – that would have helped big pharma and a lot of other big greed industries. But as for the refineries, I look at it this way; the amount of profit that the big greedy oil companies can make if they reduce the transportation cost of refining overseas is tremendous – multiples of what they have posted recently. With a stroke of his pen a.k.a. executive order, he can effectively make building new refineries a national security issue and the congress and courts can’t touch him – separation of powers issue seeing the EPA is a cabinet position. He can further allow the big greedy oil companies more profit circumventing the clean air act by another stroke of his pen preventing the EPA from enforcing the provisions that created reformulated fuel. The last thing he can do is to make this a federal mandate a.k.a. tying up federal highway money by signing another executive order baring the states from interfering with the other two executive orders. So you see I can’t see this ludicrous idea that he is a big oil person.

 

[nightcreacher]

somewhere this freedom of speech has lost it's meaning
it was originally meant you could speak your mind about the country,without having concequences,its not meant you can use vulgarity or slander your fellow man
that's my 2 cents
nightcreacher
ooida 263839
fed ex cc since 1984
E6613

 

[Tennesseahawk]

Greg... to say Bush doesn't have some input as to what's going on is nuts. I won't blame him for everything, but his inactivity in this is basically telling the oil companies "go for it". If Bush could do the things you say, why doesn't he??? You'd think a couple more refineries in the US would alleviate some of the crap that's going on. Building in foreign countries is out of the question, as they can be used as targets to stop production across the world. If other countries want to build, let them... with their dime.

I know the gurus in NY are the ones who dictate prices around the world, but, the oil companies are getting away with the American economy being their hostage, all for today's profits.

 

[ACW4478]

TERROR, TERROR, TERROR. Don't you see it's an election year and the crooks, I mean Repukes are worried about the Dems getting control, having subpoena power and finally having oversight of this rubber stamp Congress. The prices will fall, the TERROR threat will increase and most will be fooled again.

 

[garman351]

Tennessehawk:
Be very careful in what you say! The word crap could be used in several different ways to offend some of these people who are responding to this thread! Use (Dog Stinky)That so far has worked but you better ask Toyo for his official word on this, if he can put down his tablets long enought to quote you from a book from 1611?

It just goes to show you there is sheep going through the gate to be slaughered thinking everybody else is going that way so it must be alright. Than their is the rest of us who actually have the guts to look past what they are portraying and trying to convience us and we question (why) And have the guts to stand-up to say NO.

The last couple of years the American People have suffered a great deal! Katrina hit new orleans a year ago and there is People who still live in ruins and the Government has done nothing at all to help rebuild their homes etc. I have even heard of several hundreds of new mobil homes sinking down to the axles in the mud in a big lot, waiting to be assigned to People and moved to their property where there home was totally destroyed! Again our Government has done nothing to move these units off the property to this day! I would be willing to bet this would not of happened in a richer community. Cheaper gas down the road? this is just the begining of even harder times to come!

Garman

 

[tec1959]

David so far your right.On fox news today oil closed at $70.06 a barrel,I hope all the nay sayers are watching.....

 

[LDB]

I hate to disappoint but it isn't really the government's job to do anything about Katrina. That falls outside the basic scope of what government is truly supposed to do. The liberals believe it is the governments responsibility to take care of everyone, to give hand outs to anyone who wants them, to endlessly support everyone in a welfare system. It's why you see the blue concentrated around Chicago, New York City, the left coast and other hugely welfare infected areas. Insurance and personal savings and personal work are what should be called upon after any loss. It's their job, not the governments.

Leo Bricker, 73's K5LDB, OOIDA 677319
Owner, Panther trucks 5507, 5508, 5509
Highway Watch Participant, Truckerbuddy
EO Forum Moderator
----------
Support the entire Constitution, not just the parts you like.

 

[dhalltoyo]

I checked my fuel receipts from The Flying J in Walton, KY.

Three weeks ago I paid $2.98 a gallon.

Today I paid $2.73 a gallon.

I am not different than any other driver. If I can keep my expenses down, my bottom line increases. A 25 cent per gallon drop in fuel costs certainly helps!

It has always been my desire to help out others and my intent for the original post was to exhort other drivers who were having some doubts about staying in the industry.

 

[Tennesseahawk]

I regret to bring up the fact that we've been hoping for the past three years that prices would fall again. I remember the temporary relief we all felt when fuel fell back below $2, only to rebound up to $2.25. I don't know what it could possibly go to before everything goes haywire, but I have faith that the government, under threat of peasant revolt, will kindly ask the oil companies if they could pretty please lower their prices.

 

[dhalltoyo]

The nice folks across the pond in the U.K. are paying $8.00+ per gallon and they have not yet revolted.

That $2.73 gallon special here in the U.S. sounds pretty good to me.

Check please!

PS. If it rebounds, and it may, I'll have to believe that "Free Market" economics are once again keeping pace with a growing economy.

 

[garman351]

UK $8.00 for fuel.
We do not live on an island, and everythng else must be very expensive as well being shipped in by boat etc.

The problem is most people will stop complaining and just go along with being shafted if fuel stops around $2.50 a gallon for a short amount of time.

I wish they would install a arm on the gas pumps like on a slot machine so when you pull down the handle you will at least feel like you might win something, and just like a slot machine in the end you end-up a loser.
Garman351

 

[letzrockexpress]

Itss coming down....I paid 1.41 for gasoline at the sterling in Findlay Ohio yesterday......

 

[MSinger]

I think he meant $2.41 but that is still a good deal considering the past 6 months.

 

[dhalltoyo]

Just in case you hadn't heard yet....NEWS FLASH!!!...the U.K. may be an island but the have huge oil reserves of very "sweet" crude oil in the North Sea. Oh yeah, just to bring you up-to-date on refining processes...sweet crude is quality oil that requires much less effort to refine. Double yeah, that means it is less expensive to produce fuel from sweet crude.

Comparing usage factors verses oil reseves the U.K. is actually in a more strategic position to offer lower prices at the pump than we are here in this country.

Unfortunately, their countrymen gave up the advantages of a "Free Market" economy because they demanded price controls and sought more government intervention. Now they have a socialist system that is state owned and state operated; hence, $8.00 per gallon.

 

[kwexpress]

KW Express
o/o till i die

I bet they did mean 2.41 a gallon to but I dont see that as a good deal either in fact I dont think 1.41 would be such a great deal either.I dream of the day it falls below $1.00 but like I said I dream.