Gross common misperception.. "OIL companies major

Discussion in 'Politics' started by healthmyths, Sep 3, 2012.

  1. healthmyths
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    healthmyths Gold Member Supporting Member

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    cause of higher prices at the pump!
    So said a lady interviewed on TV the other night. She said they should lower their prices!

    Well for that simpleton lady and the rest of you that don't comprehend what makes up the cost of a gallon of gas here is a graphic that might help!

    Almost 2/3 or 65% is the cost of the crude oil.
    To you simpletons.. tell me how the "oil companies" can lower what their suppliers charge?
    The next highest is 15% for the cost of refining.
    Now for all you so concerned about the environment.. YOU can be thanked for this higher cost.
    The actual number of blends is somewhere above 45, though hard to pin down exactly, according to the Government Accountability Office (GAO). It might even be closer to 70. Thirty-four states use specially blended gasoline, usually during the summer, which is one reason gasoline prices always rise during the “driving season.”


    So 80% of the cost is due to crude and refining.

    Then we have TAXES!!! 12% are in taxes!

    That leaves 8% that is actually the "big Oil" companies that you and other simpletons blame for high prices!

    Of that 8% half or more goes for trucks,people,computers, facilities,etc.
    In fact according to one of those slimy evil BIG OIL companies Exxon..
    “For every gallon of gasoline, diesel or finished products we manufactured and sold in the United States in the last three months of 2010, we earned a little more than 2 cents per gallon. That’s not a typo. Two cents.”

    folks on a $3.44/gallon at the pump price that works out to 1/2 of one percent (0.5%) profit per gallon.

    Gasoline Taxes Vs. Exxon Profit, Per Gallon

    $gaspump.gif

    http://www.eia.gov/petroleum/gasdiesel/
    So those of you that want to "BLAME BIG OIL" that worn out idiotic cliche... FACTS show you are IDIOTS!!!

    Oh and let me save you IDiOTS that can't REFUTE the facts but like little grade schoolers that resort to name calling...
    A) I am NOT a Paid shill for the oil industry!
    B) I AM though obviously more interested in the truth then evidently MOST of you are that call me names for presenting FACTS!
     
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  2. edthecynic
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    edthecynic Censored for Cynicism

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    Too perfectly stupid and 100% CON$ervoFascist. What does your fear say about your IQ and your lack of character?

    The oil monopoly makes a profit on each step from getting the crude to selling the refined gas.
    So of that 65% cost of crude 50% offshore to 70% onshore of that cost, an average of 64%, is profit.
    Of the 15% refining cost 20% is profit.
     
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  3. Mr. H.
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    Mr. H. Diamond Member

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    And what ass did you pull this shit out of?
     
  4. edthecynic
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    edthecynic Censored for Cynicism

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    What ass would think oil companies make no profit pumping and refining crude oil?

    How much does it cost to produce crude oil and natural gas? - FAQ - U.S. Energy Information Administration (EIA)

    Costs for Producing Crude Oil and Natural Gas, 2007–2009
    2009 Dollars per Barrel of Oil Equivalent1

    Lifting Costs
    Finding Costs Total Upstream Costs
    United States – Average $12.18 $21.58 $33.76
    On-shore $12.73 $18.65 $31.38
    Off-shore $10.09 $41.51 $51.60
     
  5. Fordsflylow
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    Fordsflylow Active Member

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    Sure your are! You left out very important aspect in the price which is manipulation via speculation/speculators on Wall St. Side note; Which party represents Wall St.?

    BTW I especially like how you first call anyone who disagrees "idiots," before they disagree, THEN accuse those who disagree as "grade schoolers that resort to name calling."

    Do you see the hypocrisy or do I really need to point it out?:eusa_whistle:
     
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  6. zeke
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    zeke Gold Member

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    Did this fool really write that the only time an oil company makes a profit is when they sell a gallon of gas?

    No way this person could be that stupid.... could they?

    Unless this person is a rethug with a strange agenda.

    Next thing we will be told those oil companies didn't show record profits the past several years.
     
  7. healthmyths
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    healthmyths Gold Member Supporting Member

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    You need to prove it! I gave you a source you gave nothing but YOUR opinion!
    Prove it!

    First of all WHO said ANYTHING about "OIL MONOPOLY"???
    Who IS the "OIL MONOPOLY"???

    Where did you get that statement that even at 50% of the 65% for crude is profit?
    That means that right now based on the EIA FACT that 65% of $3.44 or $2.33 is cost of crude.
    You said 50% was profit OR $1.18. Right or is this too complicated for you?

    FACT from:IEA - Oil
    How many barrels of oil are produced and consumed a day?
    As of 2011, approximately 89 million barrels of oil and liquid fuels were consumed per day worldwide.
    That works out to nearly 32 billion barrels a year or at 20 gallons per barrel that is 640 billion gallons.
    At $1.18 NET PROFIT per YOUR calculation NET... "OIL monopolies"
    made $755 BILLION IN NET PROFITS! And that's just based on 65% of cost of gallon is the crude! WOW!!!!!

    What "OIL MONOPOLY" reported $755 billion in net profits??? JUST off crude oil sales???
     
  8. healthmyths
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    healthmyths Gold Member Supporting Member

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    Well I have every right too!
    Did you call me a shill? NO! Did you present FACTS to substantiate your statement? NO!

    My point is that before idiots call me a "shill" (which you didn't but you criticized me for
    preempting that action..) look at what you write and see if you can as I do substantiate your refutation!

    NOW I do agree with you.. OIL speculators are a large contributor to the price of crude.
    NO question!
    Speculators though REFLECT their opinions of oil supply and production.
    So when the USA takes Federal lands off the oil leasing program at the rate of 15% or more per year over the last 3 years... why wouldn't oil speculators say...hmmmm less oil produced by USA means less oil production... next 5 years... price goes up... they buy!
     
  9. healthmyths
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    healthmyths Gold Member Supporting Member

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    FACTS not supposition!!!

    The map above from API shows gasoline taxes by state (combined local, state and federal), which range from a low of 26.4 cents per gallon in Alaska to a high of of 66.1 cents per gallon in California, averaging 48.1 cents per gallon across all states.

    How does that compare to oil company industry profits per gallon?

    According to this post on Exxon Mobil’s Perspective Blog , “For every gallon of gasoline, diesel or finished products we manufactured and sold in the United States in the last three months of 2010, we earned a little more than 2 cents per gallon. That’s not a typo. Two cents.”
    The chart below shows the difference graphically:


    Gasoline Taxes Vs. Exxon Profit, Per Gallon
     
  10. beretta304
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    beretta304 BANNED

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    The oil monopoly makes a profit on each step from getting the crude to selling the refined gas.
    So of that 65% cost of crude 50% offshore to 70% onshore of that cost, an average of 64%, is profit.
    Of the 15% refining cost 20% is profit
    .


    And they deliver a product that you can't live without. Once again proving that making a profit is a bad thing if you're an Obama asswipe!
     

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