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Author Topic: I wonder why  (Read 780 times)

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Offline oldandslow

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I wonder why
« on: May 12, 2011, 03:59:13 AM »
When the price of oil climbs I see posts on almost every forum I visit about the price of gasoline and cussing those greedy oil companies. The price of oil has dropped almost $19 in the last couple of weeks and I haven't seen one post thanking the oil companies.  ;D

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Offline us920669

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Re: I wonder why
« Reply #1 on: May 12, 2011, 04:05:13 AM »
All the companies do is produce the oil.  The price is set by all the people who buy it and sell it, all around the world, 24 hours a day.
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Offline Conan The Librarian

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Re: I wonder why
« Reply #2 on: May 12, 2011, 05:28:53 AM »
Lower prices are not bad news, therefore they will always go practically unreported. The newspapers are practically worthless for getting good quality information that is usable. I cannot recall ever getting timely usable information from a mainstream news source, except weather reports.
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Offline FWiedner

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Re: I wonder why
« Reply #3 on: May 12, 2011, 08:13:30 AM »
After having several times witnessed a person getting kicked repeatedly in the crotch , I never once expected to hear them thank their aggressor for removing his foot.

 ;)
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Offline powderman

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Re: I wonder why
« Reply #4 on: May 12, 2011, 08:49:27 AM »
Last Sat I filled up just South of Ft Knox at $3.70, it is now $4.17 I paid locally last night. Lou said some station were $4. 30. POWDERMAN.  >:( >:(
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Offline mtbugle

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Re: I wonder why
« Reply #5 on: May 12, 2011, 09:25:54 AM »
Have not seen a cent decrease at the pump yet myself. no thanks required or deserved.
Thanks Don.
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Offline steg

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Re: I wonder why
« Reply #6 on: May 13, 2011, 11:18:25 PM »
Durring the last time the Gas was really high, a few years ago, I was inside paying for my gas and this middle aged woman came in griping about the price of gas, while carrying two, 2liter bottles of soda to the cash register as well, they were $i.99 apiece and not a word of complaint about something that's nothing more than sugar water........................................steg
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Offline DANNY-L

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Re: I wonder why
« Reply #7 on: May 14, 2011, 01:10:27 AM »
Ours went from $4.11 to $4.09 and that took 3 days after it was said the price of oil dropped,and it's still at that price. But if you here on the news that the price of oil went up,by the time you get to the pump the price has already increased. I think it's still about $2.00 a gal more than it should be.
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Offline Sourdough

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Re: I wonder why
« Reply #8 on: May 14, 2011, 07:01:14 AM »
Folks, it's not the oil companies charging so much, they only make a few cents per gallon profit.  Most of what you pay is taxes, and speculating.  And the cost of production and shipping.  It cost a lot more money to drill out in the ocean than on land. 
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Offline DANNY-L

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Re: I wonder why
« Reply #9 on: May 14, 2011, 09:59:14 AM »
Didn't yesterday's news say the top 4 oil companies profitted over 350 billion in the past year?
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Offline powderman

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Re: I wonder why
« Reply #10 on: May 14, 2011, 12:56:51 PM »
Quote from: DANNY-L on May 14, 2011, 09:59:14 AM
Didn't yesterday's news say the top 4 oil companies profitted over 350 billion in the past year?


DANNY. YEP. They announced RECORD profits. Oh REALLY???? POWDERMAN.  :o :o
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Offline oldandslow

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Re: I wonder why
« Reply #11 on: May 14, 2011, 04:58:53 PM »
Quote from: us920669 on May 12, 2011, 04:05:13 AM
All the companies do is produce the oil.  The price is set by all the people who buy it and sell it, all around the world, 24 hours a day.

I'm aware of that and have posted the fact before. I was just curious what people thought about the drop in oil prices.

I was in town this morning. Gasoline has dropped 15 cents a gallon and diesel has come down 20 cents a gallon in my little town.
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Offline JustaShooter

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Re: I wonder why
« Reply #12 on: May 14, 2011, 05:46:00 PM »
Quote from: powderman on May 14, 2011, 12:56:51 PM
Quote from: DANNY-L on May 14, 2011, 09:59:14 AM
Didn't yesterday's news say the top 4 oil companies profitted over 350 billion in the past year?

DANNY. YEP. They announced RECORD profits. Oh REALLY???? POWDERMAN.  :o :o

Actually, the top five oil companies (BP, Chevron, ConocoPhillips, ExxonMobil and Shell) reported total 2010 profits of $77 billion.  Sounds like a lot, I know, but they make less than 5 cents per gallon of gas sold - that means our government makes more per gallon than they do.  And don't forget, our weak dollar is responsible for most of the recent spike in oil and gas prices.  Direct your anger to where it belongs - and it ain't the oil companies.

Just a Shooter
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Offline Spirithawk

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Re: I wonder why
« Reply #13 on: May 16, 2011, 05:44:25 AM »
Quote from: FWiedner on May 12, 2011, 08:13:30 AM
After having several times witnessed a person getting kicked repeatedly in the crotch , I never once expected to hear them thank their aggressor for removing his foot.

 ;)

++++++1  ;D
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