US Oil and gasoline exports soar

[DiamondDave]

I know precisely what i am talking about....here's a kindergarten level example for you....

as a simple example....

let's say it cost me $5 bucks to make a loaf of bread, i sell that loaf of bread for $10 bucks at retail....

$10 in revenues
- $ 5 in my cost to make it
- $3 in taxes owed
___________________
= $2 dollars left in PROFIT

which is a :

20% PROFIT margin

HOWEVER, the baker really only invested $5 bucks of his own money to make the bread....

so you take the $2 bucks he made in profit at retail and divide it by what he invested, the $5 bucks.... to show what return he made on his investment... in this case he made a 40% return on his investment.

this is as simply as i can put it.....

care

Well... you put it too simply... because ROI is also speculation into the future, combining past statistics...

You have many problems with using ROI in this manner, just as you have many problems using ROI for any sort of performance measurement...

Net Income + Interest (decimal value of tax rate subtracted from 1) / Book value of Assets is not accurate in terms of true profit margin... HENCE WHY IT IS NOT CALLED PROFIT MARGIN.... ROI looks at a perceived benefit from monies invested.... as stated... you have to look at the big picture.... not just looking for the stock sticker stat that seems to fit your preconceived agenda

but nice try again

 

[DiamondDave]

sooooo, our current daily production in America is what....? only enough to supply us with 25% of our current needs....right? 5=10 years from now when it goes online.... it will produce what our companies combined are producing today and only for a 10 year period?

so we go from having 2% of the world's oil reserves now, if we continue to bring up our oil at the same rate and these wells don't dry up and add all that other oil that is equal to that amount 5 years from now , and the USA now has 4% of the world's oil reserves with all of this new found gulf oil, with the usa using 27% of the world's oil reserves pumped out, each and every year....

bringing up the world's oil supplies by 2% is not going to reduce world oil or gas prices here and it is not going to make the USA fossil fuel/foreign oil dependent....

so, tell me again why you are stuck on this idea?

in 1995 the gop reneged a law that required usa oil to be sold to us first, so the oil companies don't even have to sell our own oil on our own land, to us!!!!

i really would first want that law reinstated before handing over additional leases to them!

and it may hurt us more than help us, long term with less urgency to get off of foreign oil....verses the focus on alternatives and being foreign oil FREE!

care

typical lib... looking at only one side.... "oh.... if we only focus on alternatives".... well guess what numbnutz, the alternatives are not and will not be viable on the scale that we need for many years... any true plan would not just focus on the future technologies, but also doing what has to be done in the short and near term as well.... this includes drilling (because our use of oil for everything from transportation to medical products (which you dems say you want to reduce the price of) to everyday household goods), nuke, wind, solar, geo-thermal, etc

We have approximately the equivalent reserves that Saudi Arabia has... that is not a small impact on supply and definitely not a small impact on speculation of influx into the oil market

 

[Ravi]

typical lib... looking at only one side.... "oh.... if we only focus on alternatives".... well guess what numbnutz, the alternatives are not and will not be viable on the scale that we need for many years... any true plan would not just focus on the future technologies, but also doing what has to be done in the short and near term as well.... this includes drilling (because our use of oil for everything from transportation to medical products (which you dems say you want to reduce the price of) to everyday household goods), nuke, wind, solar, geo-thermal, etc

We have approximately the equivalent reserves that Saudi Arabia has... that is not a small impact on supply and definitely not a small impact on speculation of influx into the oil market

sigh, and you take the typical con view...it's all impossible, let's just keep drilling until there's nothing left and everyone drops dead without their ipods.

Right now, while we have no shortage of oil or gasoline, why not start ramping up the alternatives and using oil as a back up? That way, ten to twelve years from now, instead of having trashed the country, we might actually be way ahead of the curve and sitting pretty.

 

[DiamondDave]

sigh, and you take the typical con view...it's all impossible, let's just keep drilling until there's nothing left and everyone drops dead without their ipods.

Right now, while we have no shortage of oil or gasoline, why not start ramping up the alternatives and using oil as a back up? That way, ten to twelve years from now, instead of having trashed the country, we might actually be way ahead of the curve and sitting pretty.

Are you that blinded too??? Keeping up and doing what is necessary to help give alleviation in the current manner, while working incredibly hard to develop all other alternative technologies to the level that they need to be for our energy consumption, is saying it is "all impossible"

You don't have to have an utter shortage to drill and supply to effect the global market for oil.... there is a little thing called a huge increase in global demand.... it might help you to understand

truly... more laughable in your liberal view than normal, ravi

almost as laughable as when Nazi Pelosi swore to the American public, upon becoming house leader, that her and he fellow extremists would bring about lower gas prices (which were in the $2.25 range, if I am not mistaken)...

 

[Chris]

Are you that blinded too??? Keeping up and doing what is necessary to help give alleviation in the current manner, while working incredibly hard to develop all other alternative technologies to the level that they need to be for our energy consumption, is saying it is "all impossible"

You don't have to have an utter shortage to drill and supply to effect the global market for oil.... there is a little thing called a huge increase in global demand.... it might help you to understand

truly... more laughable in your liberal view than normal, ravi

almost as laughable as when Nazi Pelosi swore to the American public, upon becoming house leader, that her and he fellow extremists would bring about lower gas prices (which were in the $2.25 range, if I am not mistaken)...

What a weird post. Have you been drinking?

We need manditory fuel efficiency standards for cars, solar power, wind power, and more domestic oil production.

The Republicans are in the pocket of Big Oil. They will only serve their masters, not the American people.

 

[DiamondDave]

What a weird post. Have you been drinking?

We need manditory fuel efficiency standards for cars, solar power, wind power, and more domestic oil production.

The Republicans are in the pocket of Big Oil. They will only serve their masters, not the American people.

Are you on the left-wing wacky weed??

Hmmm.... did not say that we did not need better efficiency in vehicles and guess what, the consumer is driving that to happen even more).... did not say we did not need solar to be researched more for the amount if supply we will eventually need from it and the other alternative sources

Republicans/Conservatives are not just in the pocket of "big oil", thought it makes a nice slogan and rallying cry to gain more mindless drones to vote for Dems....

 

[Care4all]

typical lib... looking at only one side.... "oh.... if we only focus on alternatives".... well guess what numbnutz, the alternatives are not and will not be viable on the scale that we need for many years... any true plan would not just focus on the future technologies, but also doing what has to be done in the short and near term as well.... this includes drilling (because our use of oil for everything from transportation to medical products (which you dems say you want to reduce the price of) to everyday household goods), nuke, wind, solar, geo-thermal, etc

We have approximately the equivalent reserves that Saudi Arabia has... that is not a small impact on supply and definitely not a small impact on speculation of influx into the oil market

you will be buying foreign oil, no matter what, until alternatives are up and running, and a pickens type plan is up and running....there is no question or doubt.

i'm all for them drilling for more oil, WHY DON'T YOU tell them to do such, when yur in bed with them tonight! start with the oil wells capped in texas that can be retapped, and the 40 million acres they leased to drill on, but haven't yet....after that, then we can talk about other areas that can be opened up.....

there is no oil shortage, they are pumping enough oil world wide to satisfy everyone....in fact, our oil companies just signed 30 year leases for all of iraqi oil..., a WAR was fought for this ''oil security'' imho.....now lets spend our money, time, and ingenuity going to the moon of ''alternatives'' to oil...

 

[JimH52]

You people will not be happy until we see "Thunderdome." Drill, drill, drill, profits, profits, profits. Give that to the GOP and the oil companies and they will be happy forevermore.

But in 25 years my grandchildren are screwed. But it will be the Democrats fault, right?

 

[JimH52]

Speaking of drones or in this case "sheep" who is still following the most unpopular president in history?

 

[DiamondDave]

you will be buying foreign oil, no matter what, until alternatives are up and running, and a pickens type plan is up and running....there is no question or doubt.

i'm all for them drilling for more oil, WHY DON'T YOU tell them to do such, when yur in bed with them tonight! start with the oil wells capped in texas that can be retapped, and the 40 million acres they leased to drill on, but haven't yet....after that, then we can talk about other areas that can be opened up.....

there is no oil shortage, they are pumping enough oil world wide to satisfy everyone....in fact, our oil companies just signed 30 year leases for all of iraqi oil..., a WAR was fought for this ''oil security'' imho.....now lets spend our money, time, and ingenuity going to the moon of ''alternatives'' to oil...

How many more liberal slogans and taking points you wish to bring up... they can be debunked all day long with ease

Let's concentrate this time o your little "why don't they drill on the land we already have set aside for them"....

Since that land is set aside, what would be the logic of not drilling?? Holding out because it is more profitable? Nope, that is already proven wrong. Because the new areas will be free? Nope.... try the little fact that if there WERE viable oil there, they would be drilling..... simple as that.... just because they are given access to land and because they survey land, does not inherently mean it is the right place to drill for oil... even though you and your lefty nazis would want it to be that simple... but then again, because of that fact you get some great new chants and slogans for the mindless lefty drones

And what the hell do you NOT get about increased global demand??? There are plenty of things available in quantity, but if there is lesser demand, prices will wil low (as you should know)... if something is in lesser quantity and demand is higher, prices will increase dramatically... if production of something is restricted to keep demand up, prices will remain high even if future supply is still there. As long as imposed restrictions are there, price can be manipulated (not by the oil companies, but look at a little thing called OPEC).... if production is high and supply is high and demand grows even faster, pries will STILL INCREASE....

jeez.. you lefties need to have it almost beaten into you

 

[Ravi]

Are you that blinded too??? Keeping up and doing what is necessary to help give alleviation in the current manner, while working incredibly hard to develop all other alternative technologies to the level that they need to be for our energy consumption, is saying it is "all impossible"

You don't have to have an utter shortage to drill and supply to effect the global market for oil.... there is a little thing called a huge increase in global demand.... it might help you to understand

truly... more laughable in your liberal view than normal, ravi

almost as laughable as when Nazi Pelosi swore to the American public, upon becoming house leader, that her and he fellow extremists would bring about lower gas prices (which were in the $2.25 range, if I am not mistaken)...

I don't believe drilling more will bring prices down. I don't know if bringing prices down will do anything to force us to find alternatives...in fact, I strongly suspect the opposite. Heck, I don't really even know if giving oil companies leases to drill off my coast will result in them drilling off my coast.

I just know that I don't know what the consequences to my state will be if companies start drilling 50 miles away...and not only do I not have a say in it, no one in my state does. I don't want my state ruined for nothing but the benefit of the bottom line of the oil companies.

 

[DiamondDave]

Speaking of drones or in this case "sheep" who is still following the most unpopular president in history?

Or you could have the drones following such greats in national socialist politics..


cough HITLER cough

see... how easy that is.... can make really shocking statements too

you extreme leftists think that because one is republican or conservative, that we agree with every last thing Bush has done, has decided, or will do in the rest of his term....

 

[DiamondDave]

I don't believe drilling more will bring prices down. I don't know if bringing prices down will do anything to force us to find alternatives...in fact, I strongly suspect the opposite. Heck, I don't really even know if giving oil companies leases to drill off my coast will result in them drilling off my coast.

I just know that I don't know what the consequences to my state will be if companies start drilling 50 miles away...and not only do I not have a say in it, no one in my state does. I don't want my state ruined for nothing but the benefit of the bottom line of the oil companies.

Helping with supply should have nothing to do with the fact that it is still a finite resource/.... or the fact that alternatives will still have to be pursued for increased future consumption... all avenues should be and need to be explored at this point

Now what "consequences" will there be if your state chooses to allow drilling off it's shores or somewhere on it's land?? It almost sounds like you thing drilling is an inherent natural disaster, which is not the case... though the enviro-nazis and greenepeacers would like you to continue believing this

 

[Chris]

typical lib... looking at only one side.... "oh.... if we only focus on alternatives".... well guess what numbnutz, the alternatives are not and will not be viable on the scale that we need for many years... any true plan would not just focus on the future technologies, but also doing what has to be done in the short and near term as well.... this includes drilling (because our use of oil for everything from transportation to medical products (which you dems say you want to reduce the price of) to everyday household goods), nuke, wind, solar, geo-thermal, etc

We have approximately the equivalent reserves that Saudi Arabia has... that is not a small impact on supply and definitely not a small impact on speculation of influx into the oil market

Guess what numbnuts? The alternatives have already reduced the price of oil. How? Well one of the alternatives is lowering consumption, something the Republicans are terrified to talk about.

 

[Chris]

Are you on the left-wing wacky weed??

Hmmm.... did not say that we did not need better efficiency in vehicles and guess what, the consumer is driving that to happen even more).... did not say we did not need solar to be researched more for the amount if supply we will eventually need from it and the other alternative sources

Republicans/Conservatives are not just in the pocket of "big oil", thought it makes a nice slogan and rallying cry to gain more mindless drones to vote for Dems....

Why are the oil companies giving twice as much money to the Republicans? What do they want in return?

Oil & Gas: Long-Term Contribution Trends | OpenSecrets

 

[DiamondDave]

Guess what numbnuts? The alternatives have already reduced the price of oil. How? Well one of the alternatives is lowering consumption, something the Republicans are terrified to talk about.

Guess what dipshit... they ar enot viable in massive needs for our consumption like we have it... unless your elitists have they way and try and force everyone on to bikes while they ride around in private jets, we need a MASS energy system viable... and nothing replaces oil products at this point... sorry, but that is a fact... as population increases and technology increases, the need for more energy also increases... even if we 'require' fuel efficiency to increase by a reasonable 5-7MPG across the board, the increase in population etc will keep consumption up...

funny also that you don't see the conservatives on here going against more fuel efficient vehicles, researching to make alternative energy and fuels cost effective enough and available enough to start replacing oil, or your other slogans... but as stated before, it makes nice little chants to recruit more people who are reactionary, envious, and would rather not think

 

[Care4all]

How many more liberal slogans and taking points you wish to bring up... they can be debunked all day long with ease

Let's concentrate this time o your little "why don't they drill on the land we already have set aside for them"....

Since that land is set aside, what would be the logic of not drilling?? Holding out because it is more profitable? Nope, that is already proven wrong. Because the new areas will be free? Nope.... try the little fact that if there WERE viable oil there, they would be drilling..... simple as that.... just because they are given access to land and because they survey land, does not inherently mean it is the right place to drill for oil... even though you and your lefty nazis would want it to be that simple... but then again, because of that fact you get some great new chants and slogans for the mindless lefty drones

And what the hell do you NOT get about increased global demand??? There are plenty of things available in quantity, but if there is lesser demand, prices will wil low (as you should know)... if something is in lesser quantity and demand is higher, prices will increase dramatically... if production of something is restricted to keep demand up, prices will remain high even if future supply is still there. As long as imposed restrictions are there, price can be manipulated (not by the oil companies, but look at a little thing called OPEC).... if production is high and supply is high and demand grows even faster, pries will STILL INCREASE....

jeez.. you lefties need to have it almost beaten into you

it is you that is being simple....

first, they pay to lease the land, they review the geological surveys and do some preliminary research themselves before leasing the land.

i don't expect them to begin operations without further studies and exploration, it does take time to get operations going in any kind of drilling situation, I would imagine....

Thus no need to sign over other areas to them yet....

if we sign over to them the remaining land we have left to drill on, and they continue to hold on to these other leases and not drill on them, would mean that we handed over every single stich of land we own collectively as citizens, to them, with no guarantee they willl drill AT ALL....

They do not need to drill in the usa a few miles under the sea, to have oil to sell, they have oil, the 2nd largest oil reserve in the world, to get oil from, and this is Iraq.....

and since we know that leasing more of our land, the last drop of it, is not going to do anything to the price of oil, it will NOT bring the price of oil down, and we also know that the oil companies do not have to sell the oil they get off of our land, to us.

until those things are settled, it would be unwise of us as a country to lease our remaining land.

the oil companies could be leasing all of this land from us to KEEP OIL OFF THE MARKET to keep prices high so to keep their profits high...there is no assurance that this will not happen and we meed to take care of such first, for us.

Personally, i believe we should save this oil for the grandkids of the future, for a real emergency and we should nationalize it, where we pay the oil companies to bring it out of the sea, but we then own it and it goes in to an American reserve.

These people are in business to make a profit and Iraqi oil, is easy money...this can not be discounted....imho.

Care

 

[Chris]

Guess what dipshit... they ar enot viable in massive needs for our consumption like we have it... unless your elitists have they way and try and force everyone on to bikes while they ride around in private jets, we need a MASS energy system viable... and nothing replaces oil products at this point... sorry, but that is a fact... as population increases and technology increases, the need for more energy also increases... even if we 'require' fuel efficiency to increase by a reasonable 5-7MPG across the board, the increase in population etc will keep consumption up...

funny also that you don't see the conservatives on here going against more fuel efficient vehicles, researching to make alternative energy and fuels cost effective enough and available enough to start replacing oil, or your other slogans... but as stated before, it makes nice little chants to recruit more people who are reactionary, envious, and would rather not think

The problem is the Republicans abandoned their conservative principles when Reagan was elected.

The last conservative president was Gerald Ford.

 

[DiamondDave]

Why are the oil companies giving twice as much money to the Republicans? What do they want in return?

Oil & Gas: Long-Term Contribution Trends | OpenSecrets

Why did China give so much to the Clintons??... what did they want in return....

See how easy that is....


Now start thinking deeper beyond a slogan....

The oil companies are in business... when allowed to do more, their businesses can go better.... and if the republicans are running to increase opportunities that the oil companies can use.. then they will support that, naturally... but that does not mean that the decision is there just because someone is "in the back pocket"... the pursuit of all the options including more drilling and more production of oil is a logical approach to the multiple sides of the energy problem...

Just think... people who think they can get something more from an Obama term will donate more to him than to McCain... it is what it is.... if people think they can get handouts, and they are lazy rather than ambitious, then they might think of that $20 donation... if businesses will profit from the increased entitlements, they will donate to Obama as well... but of course we don't see you complaining there....

 

[DiamondDave]

The problem is the Republicans abandoned their conservative principles when Reagan was elected.

The last conservative president was Gerald Ford.

Reagan was not perfect.... but probably the best Prez since Ike, IMHO

Funny that he had to do a lot with government spending and influence thanks to the economic situation that he inherited from the worst president in the 2nd 1/2 of the 20th century... in terms of peacetime growth, foreign policy in dealing with the cold war and enemies, etc.. Reagan did a lot but had to spend a lot to do it... would i prefer a perfect scenario where we can have the perfect economic time and reduce the government and have the foreign situation stable as to not have to aettle terrorism or some other enemy??? Yep... not going to happen though....

And IMHO Obama;s extreme left policies will hurt much more on this country than McCain's more moderate ones... he's not as socially or fiscally conservative as I would want as an ideal.. but I will do whatever it takes to keep Obama out and show everyone the error of his socialist and marxist based ideals