I Told You We Were Buying Theirs And Saving Ours

Cammmpbell

Senior Member
Sep 13, 2011
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10 little known

ExxonMobil makes pennies per gallon on gasoline, diesel and petroleum products it refines and sells in the United States. In the first and second quarters of this year, ExxonMobil made 7 cents and 8 cents, respectively, on the gasoline, diesel and other petroleum products it refined and sold in the United States. Comparatively, local, state and federal gasoline taxes average nearly 49 cents per gallon nationally, with a high of 67 cents in states such as California and New York.

In Tennessee we pay $0.184 state and $0.214 federal. Total is about $0.40 per gallon and it's been that for a very long time.

The monthy amounts of imported crude have run close to the same for 30 years

Anyone who says the president has anything to do with gasoline prices is nuts
 
If you drill a 'dry' hole, you lose. The only thing you have to show for it is a charge against whatever income you may have made. If you buy a barrel of Saudi Crude, there's no risk, you just have to bring it here and sell it. Even if the price goes down between when you buy it and when it gets pumped into some purchasers tank, prices never go down as fast as they went up in the first place. America is a risk averse society today. So is Exxon Mobil.
"Laissez les bontemps roulez!" is the rule for today's America. See Sandra Fluke.
 
Works kinda like the AMA havin' a choke-hold on the number of medical schools which limits the number of doctors...
:mad:
As refineries close, experts say U.S. gasoline shortage may strike during peak driving season
Friday, March 23, 2012, A rising number of oil refineries have closed along the East Coast.
The biggest wave of refinery closures on the U.S. East Coast is raising the specter of gasoline shortages during the peak-demand driving season. The region will have lost almost half of its refining capacity in six months by July, according to data compiled by Bloomberg based on Energy Department statistics. Requests to send gasoline on Colonial Pipeline Co.’s link from the Gulf Coast to the eastern U.S. have exceeded capacity since August, company data show.

Gasoline futures have risen 24 percent this year, the most of any of the 24 commodities in the Standard & Poor’s GSCI index, on speculation that the closures will crimp supply in New York Harbor, the benchmark contract’s delivery point, just as improving U.S. economic growth and job hiring spurs demand. At the same time, shipping rules limit the availability of tankers to supply the region from the Gulf, while European refiners reduce exports in the face of lower profit margins.

"Domestic infrastructure remains extremely constrained and there is not enough time for that to be resolved by summer," Amrita Sen, a London-based analyst at Barclays Plc, said Wednesday in an e-mail. "Gasoline supplies will be highly constricted as a result and prices will have to rise to attract more imports."

Gasoline for April delivery fell 0.5 percent to $3.3396 a gallon yesterday on the New York Mercantile Exchange. Spot prices for reformulated fuel in the U.S. Gulf Coast were 7.13 cents a gallon above Nymex futures, according to data compiled by Bloomberg. Regular gasoline at the pump in the East Coast was $3.811 a gallon as of March 19, 7.7 percent higher than a year earlier, Energy Department data show.

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Critics rip Obama claim that drilling in U.S. won’t drop gas prices
Thursday, March 22, 2012 - President Obama has been touring the country this week touting increased oil and gas production numbers during his time in office — but his selective quotes and figures tell only part of the story.
Citing statistics showing an eight-year high in domestic oil and gas supply, Mr. Obama says his administration has opened up millions of acres to gas and oil exploration across 23 states while gas prices have continued to rise — so more drilling will do nothing to alleviate pain at the pump. “We’ve quadrupled the number of operating rigs to a record high. We’ve added enough new oil and gas pipeline to encircle the Earth and then some,” he said. “So we are drilling all over the place [-] right now. That’s not the challenge. That’s not the problem.”

In making such sweeping statements, Mr. Obama has not acknowledged other facts and figures that are not so flattering for his administration — the impact of actions his administration took after the BP/Deepwater Horizon oil spill or his dramatic shift away from drilling in areas of the outer continental shelf that President George W. Bush proposed at the end of his term. Republican presidential contender Newt Gingrich has railed against Mr. Obama’s “anti-energy” policies and Thursday revisited his $2.50-a-gallon gasoline pledge, saying “there is a silver bullet” to the nation’s energy needs: “It’s called drilling.”

One day before a trip to the oil-dominated economy of Shreveport, La., GOP presidential front-runner Mitt Romney said Thursday that Mr. Obama has “done almost everything wrong with regards to energy and almost everything wrong with regards to the economy.” “And I don’t think it’s because he’s a bad guy. I just think he’s over his head and doesn’t have the experience to know how what he is doing is harming the American people,” Mr. Romney said.

Thomas J. Pyle, president of the industry-funded Institute for Energy Research, has a more cynical view. He labels Mr. Obama’s latest energy tour, as well as his administration’s Thursday announcement that it will fast-track the southern segment of the Keystone XL pipeline, as part of an ongoing “charade” on energy. “This administration’s record speaks for itself,” he said. “For more than three years, President Obama has implemented a three-part strategy: delay, deny and deceive.”

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