US Oil and gasoline exports soar

Discussion in 'Current Events' started by Ravi, Aug 4, 2008.

  1. Ravi
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    Ravi Diamond Member

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    And yet so many of the posters here believe the oil companies aren't in it for the money.

    ANALYSIS-US oil firms seek drilling access, but exports soar | Markets | Reuters

    So, are we stupid Mr. Bush?
     
  2. DiamondDave
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    DiamondDave Army Vet

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    You also have to look deeper yet again, lib

    It is not just gasoline grade oil... much of the oil we have is best used for other petroleum based products

    Also nice how this lefty article tried to compare the amount to 'half" of a total of sweet crude imported during that timeframe.... but while again ignoring details

    and also.. let us not forget that while I don't like the way the oil market is set up... it is a GLOBAL market... just because we drill here does not mean it stays here first

    Nah.. teh media has not left bias :rolleyes:

    U.S. Imports & Exports
     
  3. RetiredGySgt
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    RetiredGySgt Platinum Member

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    You actually think any of us believe a FOR PROFIT company is not " in it for the money"? More delusional rantings from someone that can not remember to use her brain as anything but a hat rack.
     
  4. Epsilon Delta
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    Epsilon Delta Jedi Master

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    Pretend for a minute that somebody in government does something and the price of oil does go down in the US. Totally hypothetical obviously.

    Do the oil companies keep selling to US costumers, or do they export more oil to sell at a higher price somewhere else?

    Hmmmm...
     
  5. Ravi
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    Ravi Diamond Member

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    Exactly, that is what I've been saying all along. But most of those that support drilling and building more refineries refuse to acknowledge this simple fact.

    There is no shortage of gasoline. There is no reason to produce more of what we already have in abundance except for the profit of the oil companies.
     
  6. DiamondDave
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    DiamondDave Army Vet

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    No... again... you just do not get it....

    1) Who makes more profit on gas... the oil companies or the US government thru taxation?
    2) Worldwide demand will drive up current and speculated prices
    3) Even the threat to put more oil into the market can and will drive prices down

    There is not an "abundance" of gas... it is directly in line with how much oil we are able to purchase and refine... and when the price of the crude increases, the price of the gas will increase

    I suggest looking closely... even though the profits for oil companies are high, the ratio of profit to expenditure (profit ratio) is not very high... it just happens to be the most widely used commodity...
     
  7. RetiredGySgt
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    RetiredGySgt Platinum Member

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    Prices won't go down in the US till oil prices go down in the GLOBAL market. So much for that Hypothetical question.
     
  8. RetiredGySgt
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    RetiredGySgt Platinum Member

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    The claim is that LACK of OIL on the GLOBAL market is effecting the price, fear that the world won't have enough. Drill here and INCREASING the supply on the GLOBAL market lowers the prices and helps with the jitters over a war in Iran. Basic common sense for anyone with a 9th grade education.
     
  9. RetiredGySgt
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    RetiredGySgt Platinum Member

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    Reality won't help, these idiots do not grasp the concept that the oil companies are in fact not racking in more PROFIT then before. What they have just costs more to buy and sell and refine, so raw numbers go UP.

    Heard that "the Dark Knight " may top Titanic as the greatest money maker ( in raw numbers) but that in order to equal it in ticket sales it would need to top 900 Million not the 600 million that Titanic made.
     
  10. jillian
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    jillian Princess Supporting Member

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    How can you say that? Exxon/Mobil earned about 8 Billion in profits a year when Bush took over. Now it's 40 Billion.

    That isn't earnings... it's profits.
     

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