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Old 04-02-2008, 10:24 PM
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Default "There is NO Gas Shortage"........

Washington, Wall Street And Ethanol and Oil and Gas Companies want you to think there is....
SAYS Automotive Expert ....Ed Walace.


If you want to KNOW why It's a biG F*&Kup lie read This!


http://www.businessweek.com/print/li...041_945564.htm
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Old 04-02-2008, 10:44 PM
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Default Re: "There is NO Gas Shortage"........

The big oil companies made $123 BILLION dollars in profit last year; Exxon Mobile made a record $40 billion dollars in profit alone last year.

http://hosted.ap.org/dynamic/stories...MPLATE=DEFAULT

Here's some quotes:

"Appearing before a House committee, the executives were pressed to explain why they should continue to get billions of dollars in tax breaks when they made $123 billion last year and motorists are paying record gasoline prices at the pump."

"These companies are defending billions of federal subsidies ... while reaping over a hundred billion dollars in profits in just the last year alone," he said. The companies are reaping "a windfall of revenue" while poor people have to choose between heating and eating because of high energy prices."

It would appear that price gouging is indeed alive and well in the oil industry.
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Old 04-02-2008, 11:34 PM
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Default Re: "There is NO Gas Shortage"........

The problem becomes a question of business and market regulation, and both parties do get money in one form or another from oil companies. Yet, we have to look at the overall picture, because the companies are there to make a profit, which in turn does benefit the US economy via investors and job creation.

With the current system of laws and regulations in place tax breaks for these companies actually work to keep prices lower than they would with increased taxes. Why? If you are the average American business owner, if taxes and prices go up, then naturally you have to generate more revenue and make more money to have the same amount of money, or in this case the same amount of profit.

Which this could lead to higher prices at the pump as gas companies could increase the prices to cover the losses that resulted from the taxes. That's why we are stuck in the current situation, but tax breaks for big oil actually save money for the US consumer.

The other side of this is the Federal and State Gas Taxes that rake in cash for both the states and federal government, so one could also argue that higher gas prices benefit Washington, D.C tax rolls, which means they have more money to shove more pork down our throats with their projects that help get them reelected.

For more info on gas taxes check out this link:

http://www.gaspricewatch.com/usgastaxes.asp
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Old 04-02-2008, 11:45 PM
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Default Re: "There is NO Gas Shortage"........

I know that they're a business, and that the point of owning a business it to make a profit, but at what point should the govt step in and regulate something as critical to this country as oil?

There's no reason for a handful of companies to be making record setting profits in a time when our country is slipping into a recession. Especially when the recession could be a direct result of their greed.
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Old 04-03-2008, 12:09 AM
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Default Re: "There is NO Gas Shortage"........

Quote:
Originally Posted by essential_clix View Post
I know that they're a business, and that the point of owning a business it to make a profit, but at what point should the govt step in and regulate something as critical to this country as oil?

There's no reason for a handful of companies to be making record setting profits in a time when our country is slipping into a recession. Especially when the recession could be a direct result of their greed.
Exactly... Law makers jump down LOCAL GAS station's throats - but not the Oil Companies who are destroying this country year by year.
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Old 04-03-2008, 01:17 AM
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Default Re: "There is NO Gas Shortage"........

I don't believe in the political party system, so let me be clear on that so there is no confusion on my position, however, I do not believe the higher corporate taxes is going to solve the problem which was my point in the last posting.

The other problem is that the government has their own special interest to take care of, so how do we know that gas prices would not be higher if they started to regulate oil and gas prices? There is no social security "lockbox" going back to Gore vs Bush in 00', and all of that goes to the general tax fund and the social programs we cannot afford to pay for anymore, but the politicians in DC do not have the brass cajones to offer a better solution for fear of losing their jobs.

My position is that nothing is what it seems to be and the entire system is broken and it will not be fixed as it would require a massive overhaul to resolve the problems that we are facing, and politicians who do not look straight into the eyes of the American people, and lie through their teeth.

We are facing major issues that need major reform, and right now the only option we have is the thinking that got us there in the first place. Basically, right now, as of this moment, there is no solution because the people who could solve the problem are either not interested, or they are not in government.

Here's a suggestion that could work is as the federal government to suspend all federal gas taxes until Jan 21, 2009, and then take it from there. The current rate at the federal level is 0.18 per gallon which would reduce the burden on many American families.
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Old 04-03-2008, 02:06 AM
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Default Re: "There is NO Gas Shortage"........

electric cars could and should have been available decades ago, but the oil companys pay people like auto manufacturers assloads of money not to produce them.

they can do things these days like laser surgerys, send people to the moon in state of the art rockets, and even clone animals and maybe even people these days, so they are gonna have us believe they cant make something far less simple like an electric car? total bullshit
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Old 04-03-2008, 10:24 AM
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Default Re: "There is NO Gas Shortage"........

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Originally Posted by gts6 View Post
electric cars could and should have been available decades ago, but the oil companys pay people like auto manufacturers assloads of money not to produce them.

they can do things these days like laser surgerys, send people to the moon in state of the art rockets, and even clone animals and maybe even people these days, so they are gonna have us believe they cant make something far less simple like an electric car? total bullshit
OK, as a gearhead de Luxe, I'm going to take you to task on this one.

(1) There is NO gas shortage.

(2) Oil companies do NOT set gas prices; the market, through futures, current events, etc; does.

(3) Oil companies on average make about TEN CENTS per gallon of gas; less than ONE FOURTH of the amount of tax which is currently imposed on fuel sales.

(4) The main cost of a gallon of gas is the amount charged by the supplier of crude.

(5) Oil companies make big money because they sell well over a HUNDRED BILLION gallons of gasoline per year.

(6) No one has 'Paid" people to not produce electric cars. The problem with electric cars since the early 1900s has been and still is the batteries. Cars which will only travel 40 miles or less on a single charge are not really viable, especially as commuter vehicles. Battery technology is on the upswing, so that issue will be resolved fairly soon. GM destroyed its first series Volts because those cars were EXPERIMENTAL; NOT because GM didn't want people to have electric cars! Manufacturers have always destroyed experimental cars after the testing was finished, so those who decry GM for scrapping the Volts don't know what they are talking about.

Let me give you an example of conspiracy theory connected with gasoline. You've all heard of the ubiquitous "200 mile per gallon" carburetor. Ain't no such thing and never has been! There have been carburetors which gave phenomenal gas mileage at a fixed low speed but those carbs weren't worth a damn at any other speed! Setting up virtually any old carb to get high mileage at a fixed speed is no problem and never has been. Getting that same carb to work properly at other speeds was always the issue, so carburetors were always set up to work over a broad range of speeds and were indeed highly inefficient at some of those speeds. Such a carb might work well at 25 mph but not be worth a damn at 15 or 40 mph.

Fuel injection has resolved most of the speed issues connected with fuel delivery.

Almost anyone can improve their fuel economy through simple modification of driving techniques but people are too lazy to do it; always looking for a Magic Pill instead.

I frequently drive a 45 year old auto which has a 413 CID engine producing over 375 HP and I get around 20 mpg on the highway and the car weighs 2 1/2 tons.

That is if I do not open up the four-barrels.

Yes, I wrote "four-BARRELS". Two of them. I CAN make the car get only around 8 mpg by opening things up and tearing up the highway.

People are lazy and would rather bitch than properly maintain their cars.

When is the last time that you properly checked the air pressure in your tires?

Did you know that tires only five pounds underinflated can cost you up to ten percent of your fuel economy?

Still got that strip of tape over your "Check Engine" light?

Your car is most likely running rich, costing you up to 30% of your fuel.

Change your oil frequently?

Cruddy oil in your engine costs you money.

Had a fluid and filter change done on your automatic transmission?

What?

They will tell you that you don't have to change the fluid in your auto tranny and that is crap! You should change fluid and filter at a minimum of every 50K miles, regardless of what kind of car you drive. Transmission fluid does not wear out but is does break down and become contaminated with crud, so change it!

Oh and don't buy into that thing about buying gas in the morning "when the gas is cool" and therefore "denser". It ain't so. The gas is stored in underground tanks and the temperature is fairly stable and consistent, so don't waste your time as any changes in fuel density are so light that you'll never notice, even if you watch closely.

Spend more time taking care of your car and less time bitching about the oil companies and you will spend less money!
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Old 04-03-2008, 02:40 PM
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Default Re: "There is NO Gas Shortage"........

Who tastes the crude to see if it is sweet? I've wondered about that for a while now.

Uptown, another option is to make more money using BH tactics and not worrying about it.

As for electric cars, I have noticed that most do not do everything that they could for self charging. They try to make them fully self contained when a simple forced air scoop would provide wind for a small generator that could keep the car moving, without batteries, or with a lowered dependence on batteries, for much more than 40 miles.
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Old 04-03-2008, 03:30 PM
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Default Re: "There is NO Gas Shortage"........

Quote:
Originally Posted by caretaker2007 View Post

As for electric cars, I have noticed that most do not do everything that they could for self charging. They try to make them fully self contained when a simple forced air scoop would provide wind for a small generator that could keep the car moving, without batteries, or with a lowered dependence on batteries, for much more than 40 miles.
yes, mulitiple generators would be great, with multiple batteries. i dont see why when the electric car is running the alternator isnt continually re-charging the battery, much like the gas cars do right now.
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Old 04-03-2008, 03:50 PM
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Default Re: "There is NO Gas Shortage"........

The big oil companies have averaged about 7%-9% profit margins historically. How many of you would be satisfied with that number on your PPC campaigns? Oil is a very capital intensive business. For every "banner" profit year, there are not so stellar years that the general public doesn't take notice of. Don't be sucked in by the big actual profit figures (i.e. $40 billion in a quarter). It's a huge number, to be sure. But as a percent of revenue, it's a lackluster business at best.
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Old 04-07-2008, 02:56 AM
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Default Re: "There is NO Gas Shortage"........

It cost's the saudis only $2.00 per barrel to pump their oil!
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Old 04-07-2008, 03:01 AM
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Default Re: "There is NO Gas Shortage"........

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Originally Posted by worldly panther View Post
It cost's the saudis only $2.00 per barrel to pump their oil!
Yeah but thanks to the "Liberals" in this country, we can effectively no longer drill for our own oil and have become slaves to the oil producing nations of the Middle East.
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Old 04-07-2008, 03:36 AM
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Default Re: "There is NO Gas Shortage"........

well i have heard that they have found a big deposit of oil in North Dakota. If it is true watch them do nothing about it. They talk about the shortage and yet Mexico has one of the biggest deposits today.... why hell anit we going for it!!!

I live in Georgia, USA and we are haveing big problems here becuase our truck drivers are planning on major stricks, But with the cost of living i dont think it will happen
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