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Author Topic: What we can do about fuel prices " not "  (Read 1903 times)

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Offline Tracy

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Re: What we can do about fuel prices " not "
« Reply #40 on: May 22, 2004, 11:13:01 am »
It's greed. Thats the biggest plyer here. Oil cost the same in 92 and it didn't cost no where near what it does now at the pump. They tell us we shouldn't feel bad because the ADJUSTED price should be $3 a gallon=my butt, the ADJUSTED income doesn't even come close!. I read an interview with a refinery bigwig who stated "we see no need to change things. we are enjoying large profits and try to keep reserves low in order to keep the price high. without close attention we could easily over produce which would send the price down,we don't want that". Not that long ago the oil companies were saying that we are over producing and it is costing us with having so much oil out there so we will have to riase the price to keep our profits up if it doesn't change-well I quess they got what they wanted. I'm no fan of government but when they regulate the cost of stamps-cable-phone and a butt load of other things down to your seat belt but let this go unchecked when the entier state of the country and its enconomics depend on it they turn a blind eye to it is beyond me. The last time it shot up like this they finally said we are going to look into this and the truckers started parking thier trucks it fell like a rock in a hurry. This time the truckers have built in safe guards against fuel prices and the price of desiel has not gone up at the same rate as gas has-at least not here. It all spells greed and little eles to me.

Offline Buzz-sawyer

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Re: What we can do about fuel prices " not "
« Reply #41 on: May 22, 2004, 11:35:31 am »
Several truthful points tracy.
Definitely part of the equasion!
    HEAR THAT BLADE SING!

Offline Stan

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Re: What we can do about fuel prices " not "
« Reply #42 on: May 22, 2004, 11:12:15 pm »
I don't know about that Tracy, seems like profits of 21 billion on 400 billion in sales is a pretty thin profit margin. Just a bit over 5%. Only grocery stores operate on a lower margin. CA knows that MTBE is a carcinogen, and is polluting the ground water, but they can't seem to repeal the requirement to have it in the summer blend.  ::)
I may have been born on a turnip truck, but I didn't just fall off.

 


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