Why Is Gas So High?

[edthecynic]

Is the idea that "Big Oil" is behind any particular gasoline price level really that common of an opinion nowadays? I was under the impression that since the 70's when most people did believe the price runups were all a conspiracy, that Americans had learned better since then?

The Rockefeller Family still controls the oil monopoly and have for over 100 years. Nothing has changed.

 

[RGR]

Is the idea that "Big Oil" is behind any particular gasoline price level really that common of an opinion nowadays? I was under the impression that since the 70's when most people did believe the price runups were all a conspiracy, that Americans had learned better since then?

The Rockefeller Family still controls the oil monopoly and have for over 100 years. Nothing has changed.

Interesting, but the family names of people running the remnants of the Seven Sisters, let alone the NOCs which control most of the worlds oil, isn't Rockefeller.

 

[Intense]

I want cheap corn, wheat, oats, etc. but "Big Ag" is exporting grains at a record pace thereby controlling the price we pay for food at the supermarket.

Get a grip. Crude, natural gas, and refined products is a global market.
We're part of the globe.

We are not importing corn from terrorist sponsoring countries to export corn flakes. Notice how CON$ are avoiding their bullshit about lack of refining capacity is driving up prices.

http://www.igc.int/downloads/gmrsummary/gmrsumme.pdf

MARKET COMMENTARY

After showing some strength in early November,
global grain export prices were again in retreat,
though with rice once more the exception. Overall,
IGC’s GOI index fell by 16 points, or 6%, to a 13-
month low.

That is a good point Ed. So you support importing more from Canada. Good to hear.

Yes We would like to see better, lower oil and gas pricing. What is the total Government take on every barrel again? What are the advantages and disadvantages on increased Refining, Storage, and Transport abilities here again?

 

[edthecynic]

Is the idea that "Big Oil" is behind any particular gasoline price level really that common of an opinion nowadays? I was under the impression that since the 70's when most people did believe the price runups were all a conspiracy, that Americans had learned better since then?

The Rockefeller Family still controls the oil monopoly and have for over 100 years. Nothing has changed.

Interesting, but the family names of people running the remnants of the Seven Sisters, let alone the NOCs which control most of the worlds oil, isn't Rockefeller.

That's because there is a subtle difference between ownership and control. After Rockefeller was forced to divest his ownership of Standard Oil. Some stockholders then tried to oust him from the board. On paper he only owned 25% but he ended up voting 60% of the proxies. The monopolists have vehicles, like charities and banks that they control, to maintain their monopolies without owning the stock in their name.

For example, banks have pension funds, etc., that own the stock, but the bank votes the proxies. Charities, like the Rockefeller Foundation, are endowed with stock. The charity owns the stock but the family votes the proxies. So whose "name" owns the company is meaningless and only there to deceive the gullible, it's who votes the proxies that controls the monopoly.

 

[Intense]

The Rockefeller Family still controls the oil monopoly and have for over 100 years. Nothing has changed.

Interesting, but the family names of people running the remnants of the Seven Sisters, let alone the NOCs which control most of the worlds oil, isn't Rockefeller.

That's because there is a subtle difference between ownership and control. After Rockefeller was forced to divest his ownership of Standard Oil. Some stockholders then tried to oust him from the board. On paper he only owned 25% but he ended up voting 60% of the proxies. The monopolists have vehicles, like charities and banks that they control, to maintain their monopolies without owning the stock in their name.

For example, banks have pension funds, etc., that own the stock, but the bank votes the proxies. Charities, like the Rockefeller Foundation, are endowed with stock. The charity owns the stock but the family votes the proxies. So whose "name" owns the company is meaningless and only there to deceive the gullible, it's who votes the proxies that controls the monopoly.

Still, a Monopoly is not a Monopoly without Government Support, Sanction, and Complicity.

 

[PrometheusBound]

The price of GAS has nothing whatever to do with what is good for America.

The corporations that control the industry would sell every drop of gas offshore if the market made that the most profitable thing to do.

Those are not AMERICAN companies, they are private corporations whose only mission is to make money,

This is apparently something most of you forget when you talk about OUR gas, OUR oil, etc.

This is actually how it works.

It works for the oil slickers, but not for the American people. Time to declare our eminent domain over these economic traitors.

 

[Mr. H.]

The price of GAS has nothing whatever to do with what is good for America.

The corporations that control the industry would sell every drop of gas offshore if the market made that the most profitable thing to do.

Those are not AMERICAN companies, they are private corporations whose only mission is to make money,

This is apparently something most of you forget when you talk about OUR gas, OUR oil, etc.

This is actually how it works.

It works for the oil slickers, but not for the American people. Time to declare our eminent domain over these economic traitors.

Economic traitors that put billions of dollars of investment into the U.S. economy, year in and year out - employing millions of workers and contributing a significant percentage to the entire GDP of this country...

Rrrrr... yup. Sure.

 

[RGR]

For example, banks have pension funds, etc., that own the stock, but the bank votes the proxies. Charities, like the Rockefeller Foundation, are endowed with stock. The charity owns the stock but the family votes the proxies. So whose "name" owns the company is meaningless and only there to deceive the gullible, it's who votes the proxies that controls the monopoly.

So....maybe the Rockefellers have control through stock ownership, and maybe they don't. Certainly the pension funds which vote their stock and any proxies anyone else votes isn't necessarily a Rockefeller either.

And big oil isn't a monopoly either. Maybe you should just say "OPEC is a cartel" because that is actually correct? And then pretend that the Rockefellers through some mysterious mind control ability tell the oil ministers of those NOCs what to do?

Certainly back in the days when I worked in industry I never felt this type of control, nor profited through being involved in this alleged monopoly. And not a Rockefeller in sight, and didn't work for a public company. Maybe it was hidden from me somehow, and the owner was actually a long lost Rockefeller cousin or some such?

 

[RGR]

It works for the oil slickers, but not for the American people. Time to declare our eminent domain over these economic traitors.

So stealing the property of individual American who own their mineral rights is a good idea in your world?

 

[Middleoftheroad]

The price of GAS has nothing whatever to do with what is good for America.

The corporations that control the industry would sell every drop of gas offshore if the market made that the most profitable thing to do.

Those are not AMERICAN companies, they are private corporations whose only mission is to make money,

This is apparently something most of you forget when you talk about OUR gas, OUR oil, etc.

This is actually how it works.

It works for the oil slickers, but not for the American people. Time to declare our eminent domain over these economic traitors.

Sorry, but no it is not time.

 

[Big Fitz]

This is actually how it works.

It works for the oil slickers, but not for the American people. Time to declare our eminent domain over these economic traitors.

Sorry, but no it is not time.

Worked for the Soviet Socialists, German Nazis and Venezuelan Communists. Why shouldn't it work here too?



Private property is an elitist ideal, sadly outdated and should be done away with for the glory and purity of state ownership.

:barf:

 

[Jos]

Did you know that by law the US guarantees israel's oil supply - no matter what?
..even if it causes US a DOMESTIC SHORTAGE???

Under a 1975 Memorandum of Understanding (MOU) the USA guaranteed all Israel's oil needs in the event of a crisis. This Memorandum of Understanding is quietly renewed every five years. It commits U.S. taxpayers to maintain a strategic U.S. reserve for Israel, equivalent to $3 billion in 2002 dollars. Special legislation was enacted to exempt Israel from restrictions on oil exports from the USA. Moreover, the U.S. government agreed to divert oil from the USA, even if this causes domestic shortages. The U.S. government also guaranteed delivery of oil in U.S. tankers if commercial shippers become unable or unwilling to carry oil from the USA to Israel.

Did you know that by law the US guarantees israel's oil supply - no matter what? | Wake Up From Your Slumber

 

[Mr. H.]

Wow that's nooze to me.
Maybe now that Israel has discovered huge natural gas reserves, they'll convert their vehicles.
It would be the smart thing to do.

 

[PrometheusBound]

It works for the oil slickers, but not for the American people. Time to declare our eminent domain over these economic traitors.

Sorry, but no it is not time.

Worked for the Soviet Socialists, German Nazis and Venezuelan Communists. Why shouldn't it work here too?



Private property is an elitist ideal, sadly outdated and should be done away with for the glory and purity of state ownership.

:barf:

Pot calling the kettle black. If we ever wake up to the fact that Capitalism amounts to Communism for the rich; that is, a small group having absolute control, not the qualified leadership that Communists or their Capitalist mirror-images claim they give us, only then can we become a nation determining our own destiny instead of being manipulated by their humiliating power into sheepishly submitting to whatever tiny self-serving group claims it is fit to lead us no matter what we want for ourselves.

 

[Middleoftheroad]

Did you know that by law the US guarantees israel's oil supply - no matter what?
..even if it causes US a DOMESTIC SHORTAGE???

Under a 1975 Memorandum of Understanding (MOU) the USA guaranteed all Israel's oil needs in the event of a crisis. This Memorandum of Understanding is quietly renewed every five years. It commits U.S. taxpayers to maintain a strategic U.S. reserve for Israel, equivalent to $3 billion in 2002 dollars. Special legislation was enacted to exempt Israel from restrictions on oil exports from the USA. Moreover, the U.S. government agreed to divert oil from the USA, even if this causes domestic shortages. The U.S. government also guaranteed delivery of oil in U.S. tankers if commercial shippers become unable or unwilling to carry oil from the USA to Israel.

Did you know that by law the US guarantees israel's oil supply - no matter what? | Wake Up From Your Slumber

You need to understand the intent behind treaties to see what can actually happen from them. This MoU was signed in case certain countries decide to stop selling oil to Israel. At which point the US will sell oil to Israel at market prices. This costs the US nothing. We buy at market price, then we sell to them at market price. Israel will not take advantage of that situation in any way as we are their most important ally. It also contains a provision that the agreement can be cancelled with a one year notice.

 

[Jos]

even if this causes domestic shortages.

 

[JStone]

Wow that's nooze to me.
Maybe now that Israel has discovered huge natural gas reserves, they'll convert their vehicles.
It would be the smart thing to do.

 

[Care4all]

Wow that's nooze to me.
Maybe now that Israel has discovered huge natural gas reserves, they'll convert their vehicles.
It would be the smart thing to do.

we, the USA has HUGE Natural gas Reserves....why wouldn't america do the same Mr h? Is there a drawback?

Care

 

[Mr. H.]

Wow that's nooze to me.
Maybe now that Israel has discovered huge natural gas reserves, they'll convert their vehicles.
It would be the smart thing to do.

we, the USA has HUGE Natural gas Reserves....why wouldn't america do the same Mr h? Is there a drawback?

Care

It's... complicated.
Ask JStone. I'm just the class Dunce.

NGV's in the U.S. are typically relegated to fleet transportation- businesses or municipalities with a large inventory to convert so they'll burn the fuel.
The infrastructure isn't there and would be too expensive to implement nationwide.

But Isreael- since the country is so small and has a low population count (not to mention their superior intellect ) would be the perfect setting for such a program.

 

[editec]

Gas is so high because the WORLDWIDE demand for gas is increasing.

I remind you again that the USA is EXPORTING GASOLINE, every month.

All this bullshit you folks post about how AMERICA needs to drill is silly.

America doesn't control the oil or the refineries either.

The INTERNATIONAL CORPORATIONS do.

If you think you're getting screwed then perhaps you ought to stop blaming OBAMA and start blaming the people who actaully CONTROL the industry.