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Have you heard the term "inflation"?
Ten years ago I could buy 5 loaves of bread for $1, beef for as little as 35 cents a pound. Chicken was only 25 cents a pound and hamburger was the same price as chicken.
I can remember when I could buy gasoline for 10 cents a gallon, homes sold for $30,000 and cars sold for $1700 new.
In the last ten years your money has dropped 50% of its value and it will continue to drop like that or worse in the foreseeable future. Get a life and get over it or at least quit complaining and try to do something about it!
We did not have 1500% inflation in 10 years. But oil went from $10 to $147 in 8 years. 
Have you heard the term "inflation"?
Ten years ago I could buy 5 loaves of bread for $1, beef for as little as 35 cents a pound. Chicken was only 25 cents a pound and hamburger was the same price as chicken.
I can remember when I could buy gasoline for 10 cents a gallon, homes sold for $30,000 and cars sold for $1700 new.
In the last ten years your money has dropped 50% of its value and it will continue to drop like that or worse in the foreseeable future. Get a life and get over it or at least quit complaining and try to do something about it!
It cost less than $350 to transport a truck load of oil, but they made $4,000 a load doing it. It cost even less by train & even less by pipeline. That is not inflation, that is windfall profits.
Pay attention. It's $0.40 above taxes.
Yes, way below the cost of production.
With short calls, crude oil and gasoline will drop weeks before any law goes into effect.
The price would skyrocket first, because of stockpiling in anticipation of crashing production once the price drops to $0.40 above taxes.
Crashing production would be collusion since three companies purchase the vast majority of the crude in the US.
Companies refusing to sell gasoline at a $3.00 per gallon loss is collusion?
Crashing production would be collusion since three companies purchase the vast majority of the crude in the US.
Companies refusing to sell gasoline at a $3.00 per gallon loss is collusion?
No. Crashing production would be.
Oil needs to be reduced to $7-8 bucks/barrel where it should be.
Have you heard the term "inflation"?
Ten years ago I could buy 5 loaves of bread for $1, beef for as little as 35 cents a pound. Chicken was only 25 cents a pound and hamburger was the same price as chicken.
I can remember when I could buy gasoline for 10 cents a gallon, homes sold for $30,000 and cars sold for $1700 new.
In the last ten years your money has dropped 50% of its value and it will continue to drop like that or worse in the foreseeable future. Get a life and get over it or at least quit complaining and try to do something about it!
It cost less than $350 to transport a truck load of oil, but they made $4,000 a load doing it. It cost even less by train & even less by pipeline. That is not inflation, that is windfall profits.
Have you heard the term "inflation"?
Ten years ago I could buy 5 loaves of bread for $1, beef for as little as 35 cents a pound. Chicken was only 25 cents a pound and hamburger was the same price as chicken.
I can remember when I could buy gasoline for 10 cents a gallon, homes sold for $30,000 and cars sold for $1700 new.
In the last ten years your money has dropped 50% of its value and it will continue to drop like that or worse in the foreseeable future. Get a life and get over it or at least quit complaining and try to do something about it!
It cost less than $350 to transport a truck load of oil, but they made $4,000 a load doing it. It cost even less by train & even less by pipeline. That is not inflation, that is windfall profits.
Have you considered that the worldwide supply is down, whilst the worldwide demand is up?
It cost less than $350 to transport a truck load of oil, but they made $4,000 a load doing it. It cost even less by train & even less by pipeline. That is not inflation, that is windfall profits.
Have you considered that the worldwide supply is down, whilst the worldwide demand is up?
Supply is controlled by governments & cartels. It is not a free-market supply & demand business sector. My point & the fact of the discussion was that government oil taxes are not more than oil profits. Also government spends 5 times more defending oil production than it ever gets in oil taxes.
It cost less than $350 to transport a truck load of oil, but they made $4,000 a load doing it. It cost even less by train & even less by pipeline. That is not inflation, that is windfall profits.
Have you considered that the worldwide supply is down, whilst the worldwide demand is up?
Supply is controlled by governments & cartels. It is not a free-market supply & demand business sector. My point & the fact of the discussion was that government oil taxes are not more than oil profits. Also government spends 5 times more defending oil production than it ever gets in oil taxes.
Have you heard the term "inflation"?
Ten years ago I could buy 5 loaves of bread for $1, beef for as little as 35 cents a pound. Chicken was only 25 cents a pound and hamburger was the same price as chicken.
I can remember when I could buy gasoline for 10 cents a gallon, homes sold for $30,000 and cars sold for $1700 new.
In the last ten years your money has dropped 50% of its value and it will continue to drop like that or worse in the foreseeable future. Get a life and get over it or at least quit complaining and try to do something about it!
It cost less than $350 to transport a truck load of oil, but they made $4,000 a load doing it. It cost even less by train & even less by pipeline. That is not inflation, that is windfall profits.
Crashing production would be collusion since three companies purchase the vast majority of the crude in the US.
Companies refusing to sell gasoline at a $3.00 per gallon loss is collusion?
No. Crashing production would be.
Oil needs to be reduced to $7-8 bucks/barrel where it should be.
Have you considered that the worldwide supply is down, whilst the worldwide demand is up?
Supply is controlled by governments & cartels. It is not a free-market supply & demand business sector. My point & the fact of the discussion was that government oil taxes are not more than oil profits. Also government spends 5 times more defending oil production than it ever gets in oil taxes.
Let's take a relaxed stroll down memory lane....
It's 1999... flowers are blooming, birds are chirping...
Oil is $10/barrel and gasoline is $1/gallon.
Ahhhh... the good old days.
When supply was controlled by governments & cartels.
You get my drift?
You so often posit knowledgeable thought around here, but you are equally as often clueless.
Supply is controlled by governments & cartels. It is not a free-market supply & demand business sector. My point & the fact of the discussion was that government oil taxes are not more than oil profits. Also government spends 5 times more defending oil production than it ever gets in oil taxes.
Let's take a relaxed stroll down memory lane....
It's 1999... flowers are blooming, birds are chirping...
Oil is $10/barrel and gasoline is $1/gallon.
Ahhhh... the good old days.
When supply was controlled by governments & cartels.
You get my drift?
You so often posit knowledgeable thought around here, but you are equally as often clueless.
I never said things were good for domestic oil companies when oil was $10. Governments around the world control oil supplies & does OPEC. Multinational oil companies were making money on cheap oil in foreign countries. They were helped in those countries by our government & tax payers. That is a undeniable fact backed by peer-reviewed study.
Farmers were also getting screwed with $1 corn every since the US grain embargo. All our customers invested in Brazil because the US could no longer be trusted to feed them.
The facts are oil companies today are enjoying windfall profits in excess of taxes. Brain dead parrots keep repeating the lie that taxes are higher than profits.
The high prices of gasoline and diesel fuels is precisely what has led to the increased search for crude oil- the source component.
Americans (and these days, I use the term loosely) are to be thankful that the oil and natural gas industries are busting balls.
Risking private (not public) capital, chasing profits, and getting the fucking job done.
Screw you nayslayers... lead- follow- or get the fuck out of the way.
Companies refusing to sell gasoline at a $3.00 per gallon loss is collusion?
No. Crashing production would be.
Oil needs to be reduced to $7-8 bucks/barrel where it should be.
No. Crashing production would be.
Production will naturally decrease when you demand a product, which costs over $3 to produce, be sold for less than $1.
Not collusion, reality.
Oil needs to be reduced to $7-8 bucks/barrel where it should be.
Get crackin' skippy. Let me know when you get it there.
The high prices of gasoline and diesel fuels is precisely what has led to the increased search for crude oil- the source component.
Americans (and these days, I use the term loosely) are to be thankful that the oil and natural gas industries are busting balls.
Risking private (not public) capital, chasing profits, and getting the fucking job done.
Screw you nayslayers... lead- follow- or get the fuck out of the way.
How many $10's of billions does the oil industry receive in subsidies? Risking 'private' capital?
The high prices of gasoline and diesel fuels is precisely what has led to the increased search for crude oil- the source component.
Americans (and these days, I use the term loosely) are to be thankful that the oil and natural gas industries are busting balls.
Risking private (not public) capital, chasing profits, and getting the fucking job done.
Screw you nayslayers... lead- follow- or get the fuck out of the way.
How many $10's of billions does the oil industry receive in subsidies? Risking 'private' capital?
It's the $167 million man!
Still can't name an oil "subsidy". Can you now?
Git some learnin' s0n.
The high prices of gasoline and diesel fuels is precisely what has led to the increased search for crude oil- the source component.
Americans (and these days, I use the term loosely) are to be thankful that the oil and natural gas industries are busting balls.
Risking private (not public) capital, chasing profits, and getting the fucking job done.
Screw you nayslayers... lead- follow- or get the fuck out of the way.
How many $10's of billions does the oil industry receive in subsidies? Risking 'private' capital?
No. Crashing production would be.
Oil needs to be reduced to $7-8 bucks/barrel where it should be.
No. Crashing production would be.
Production will naturally decrease when you demand a product, which costs over $3 to produce, be sold for less than $1.
Not collusion, reality.
Oil needs to be reduced to $7-8 bucks/barrel where it should be.
Get crackin' skippy. Let me know when you get it there.
I've explained how to make motor fuel more affordable. It's really not that hard.
How many $10's of billions does the oil industry receive in subsidies? Risking 'private' capital?
It's the $167 million man!
Still can't name an oil "subsidy". Can you now?
Git some learnin' s0n.
Read on old man.......
http://priceofoil.org/content/uploads/2012/05/FIN.USCapitolSubsidyGraphicFlyer.pdf
