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+--- Thread: Anyone Sick of these fuel costs? (/thread-614.html)
Anyone Sick of these fuel costs? - chuzie - 05-01-2008
Whoops. I forgot since I am still using the old version. Thanks.
Anyone Sick of these fuel costs? - trkbilder - 05-01-2008
[SIZE="5"]I don't want the oil companies in on any R&R for future fuel alternetives, we already know what they will do with it. It's called "gouging the public". Anytime a company increases their profit by 440% when the country has a crisis, that's wrong!!! I wouldn't let the oil companies have any of the alternetive technology, they'll just rip us off with it!![/SIZE]
Anyone Sick of these fuel costs? - chuzie - 05-01-2008
That is what happens when big business goes to bed with the upper tiers of the government. The little people always lose.
Anyone Sick of these fuel costs? - bucketobolts - 05-01-2008
Anyone ever watch Glenn Beck? The man has a great head on his shoulders. I vote for him for President. Here is an excerpt from a conversation today with retiring Shell President John Hofmeister:
Quote: Glenn: John, do you know David Neeleman?
Hofmeister: No, I don't.
Glenn: Do you know who he is? The president of Jet Blue, the founder of Jet Blue?
Hofmeister: Yes.
Glenn: David is a very good friend of mine and I have been talking to him about energy for a very long time and this guy is just now building an airline in Brazil. He came to me three years ago and he said -- I said to him, "Boy, I'm really concerned about oil, David. I think we're headed in the next few years for real trouble in oil." He said, "Oh, yeah." He tried to get his company to build oil reserves and, you know, have their own oil reserves just like we have natural strategic oil reserves and they said no. He said, Well, then what do we do? Let's come up with coal to oil. Let's build plants.
He got together with GE and everybody else. All he needed is for the government to underwrite the loans. If oil was ever collapsed by OPEC -- I think it was at 30 or $40 a barrel -- the government would make up the difference for the loans because that's what they did to synthetic oil in the Eighties. The government said no. Then he went into sugar ethanol and said, Let's just buy up a swath of land and I'm going to start planting sugar. Let's talk to Brazil. Let's start planting some other sugar there. Let's do that. The government again said no. Every step of the way people are saying no.
He was talking the other day about how the Government sponsered a synthetics program in the eighties to ease OPEC's hold on our economy, more Reaganomics. When we could produce synthetic oil/fuel for $15-18 a barrel and OPEC wanted $30-40 for crude, OPEC dropped their prices to $8 a barrel for several years to drive the synthetic market out of business. The government was stuck holding the notes for the money that was funded to the program.
Then you take a volitale subject like oil prices and throw it to the wolves on Wall Street. You get the speculatory market inflation. The price of futures are artificially 20-25% higher than they should because of investors banking on the price to sky rocket and they can make easy money in a slow market. Like Neeleman was refering to building a reserve, there are investment groups buying and setting up private reserves not for private use but to hoarde mass quanities of oil only to resell it back to the market when the market tops out.
Its not just big oil companies that are the crooks, everywhere you turn someone has their hand in on the situation.
Anyone Sick of these fuel costs? - bucketobolts - 05-01-2008
Just anther little vent, Gasoline futures last week crept up to $3.06 a gallon. As it was gaining the price at the pump would raise in proportion. Granted these are futures of what supplies will sell for 30 days out. So the market gains a nickel the price at the pump increases that day
cratchhe:. Today Gasoline futures closed down for the third day in a row to $2.87 a gallon. I just got back from filling up the Mustang and paid $3.55. So lets figure, $3.55 - .30 taxes = $3.25/gal. $3.25/gal - $2.87/gal = $.38/gal profits? But I thought the small station owners weren't making any money on fuel?The market is making a big jump to commodities since the Housing crisis killed the financial sector. The reason everything from milk and eggs to fuel and oil prices are increasing. If I can't make money from people paying their bills on time, then I need to make my money on things that they have to have to live day to day. If investors could make money on anther venue then commodities would settle down. The joys of the Market.
Anyone Sick of these fuel costs? - JunKeBluB2 - 05-01-2008
OK I'M GONNA VENT TOO !!!!! I'M SICK AND TIRED OF ALL THE DUMB A$$ IDIOTS THAT DON'T HAVE A CLUE TO WHAT THEY ARE TALKING ABOUT!! AS FAR AS THE COMMODITIES MARKET GOES YOU CAN BUY CONTRACTS 30 DAYS 90 DAYS 6 MONTHS A YEAR OR WHATEVER OUT BUT GAS AT THE PUMPS IS BOUGHT ON WHAT IS CALLED A CASH MARKET, YOU CAN GET A PRETTY CLOSE ESTIMATE OF THE STORES COST IF YOU KNOW WHAT DAY THE GAS WAS DELIVERED BUT THE PRICE WAS SET BY THE SUPPLIER BY THE CLOSE OF THE CASH MARKET AT 6PM THE PREVIOUS DAY, IF YOU ARE LUCKY! SOMETIMES THEY CHANGE IT IN THE MIDDLE OF THE DAY AND SOME TIMES EVEN THOUGH THEY HAVE PLENTY IN THEIR STORAGE TANKS THEY'LL CUT IT OFF IF THE MARKET IS GOING UP. BUT THE GENERAL PUBLIC DOESN'T KNOW IS, HOW LONG HAS THE STORE HAD THE GAS, DID THEY BUY WHEN THE MARKET WAS UP OR DOWN. HOW BIG ARE THEIR TANKS, DID THEY GET STUCK WITH A LOAD THAT COST THEM OUT THE A$$ AND THEIR COMPETITION GOT A CHEAP LOAD. WELL I DON'T KNOW WHAT YOU THINK BUT AT MY STORE THE PRICE WE PAY IS THE PRICE WE ARE BILLED. PUMP PRICES DON'T FLUCTUATE WITH THE MARKET PRICE. AS THE POST TOPIC SAYS YES I'M SICK OF THESE GAS PRICES, BUT I'M ALSO SICK OF THE IGNORANT PUBLIC BITCHING AND GRIPEING THINKING WE HAVE SOME CONTROL OVER IT AND WE ARE MAKING BIG MONEY OFF IT, I'LL BET THERE ISN'T A STORE AROUND THAT MAKES MORE THAN .15 A GALLON ON GAS ALL GAS IS IS A DRAW TO GET THE CUSTOMERS TO STOP AND YOU COMPETE WITH YOUR CLOSEST COMPETITOR HOPING THEY WILL STOP AT YOUR STORE AND BUY SOMETHING ELSE! SO FAR YOUR ENJOYMENT I'LL POST A COPY OF ONE OF OUR INVOICES
![[Image: gas.jpg]](http://i173.photobucket.com/albums/w42/RLNASH57/gas.jpg)
NOW IF YOU ADD CAREFULLY YOU WILL FIND THAT ON THIS INVOICE OUR COST FOR GAS WAS:
$2.9953
+.0012
+.001
+.0025
+.005
+.183
+.16
$3.3480
AND WE CHARGED $3.399 AT THE PUMP, DAMN WE MADE A WHOPPING 5.1 CENTS PER GALLON, AND STILL HAD TO PAY THE HELP TO SELL IT AND THE POWER TO RUN THE PUMPS & LIGHTS PLUS THE UST FEES EVERY YEAR FOR THE PLEASURE OF SELLING IT NOT TO MENTION THE A$$ HOLES WHO DRIVE OFF AND STEAL IT!!!! WELL I'M THRU VENTING NOW IF ANY OF YOU DON'T BELIEVE ANY OF THIS JUST COME ON DOWN AND I'LL SHOW YOU MY GAS INVOICE AT ANY TIME AND YOU CAN CHECK THE PUMP PRICE YOURSELF TO SEE THAT US STORE OWNERS ARE GETTING RICH OFF GAS!!!
AND IF YOU LOOK THAT INVOICE WAS FOR $29 THOUSAND DOLLARS AND WE HAVE TO PAY THAT IF WE SELL THE GAS OR NOT!!!
THANK YOU,
AND GOOD BYE CB4X4
RONNIE :thefinger:
Anyone Sick of these fuel costs? - trkbilder - 05-01-2008
It's good to hear from both sides!
Anyone Sick of these fuel costs? - johnpaulgolf - 05-01-2008
I don't think he is coming back...yall might have hit a nerve. complaining about things that will never change. huh
Anyone Sick of these fuel costs? - trkbilder - 05-01-2008
johnpaulgolf Wrote:I don't think he is coming back...yall might have hit a nerve. complaining about things that will never change. huhWell I certainly hope so but that's his choice.
cratchhe:
Anyone Sick of these fuel costs? - bucketobolts - 05-02-2008
Quote:PUMP PRICES DON'T FLUCTUATE WITH THE MARKET PRICE.
This was my whole point, I dissagree. I saw the BP I buy my fuel from change the price twice in one day last week. They get a tanker about once a week. So when the suppliers price goes up, their price goes up whether they have received fuel or not. Then they are not going to lower the price till the next delivery of fuel at the cheaper price.
Yes I understand the futures system. When we run 3 shifts or plant receives a 8,500 gallons a day of diesel fuel. The same way we purchase our natural gas. When you budget $1.5 million for gas utilities the year and the price starts to go crazy, you will be upside down in a hurry.
I help a friend out with his farm. He books soy beans for 6 months. Last year the combination late frost and drought did him in. Luckily it was declared a natural disaster and he was not held to a crop that couldn't be harvested. This year he has gambled on wheat. So far it looks like he on track. Wheat is up from a normal $3-4 bushel to $10-15. He is waiting for it to top out before he books. He had thought about corn, but everything from seed to fertilize had doubled in price. We'll have to see if his gamble makes up for last years loss.
The bottom line is that there is not going to be an end to inflation till the other financial sectors turn around and start making sound profits.