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#163136 - 04/23/06 08:19 PM Gas
JimJaded Offline
Gay For Pay

Registered: 09/22/05
Posts: 932
Loc: tricking blind lesbians in a f...
I just spent $3.41 a gallon to fill up. which is fucking

i could have sworn just last week it was 2.89

Bush is an idiot, I could ramble for another 100 lines but ill spare everyone. thanks.


_________________________
i don't want YOU to assume i'm being uppity or disrespectful here, but even shit eaters must work within reasonable limits.

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#163137 - 04/23/06 08:23 PM Re: Gas
zenman Offline
Porn Jesus

Registered: 08/26/03
Posts: 8160
Loc: Roma, Repubblica Italiana
Where the hell do you live?!
_________________________
"All my years in p*rn didn't quite prepare me for childbirth. I mistakenly thought all the stretching I did would make this easier."

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#163138 - 04/23/06 08:27 PM Re: Gas
It Was Fun Offline
aka Gen Padova
Porn Jesus

Registered: 04/20/03
Posts: 4517
Same here man. Super Unleaded is even more too. Westlake Village/Thousand Oaks whatever town. It's lame as all hell. $4 bucks before summer starts I hear.

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#163139 - 04/23/06 08:28 PM Re: Gas
zenman Offline
Porn Jesus

Registered: 08/26/03
Posts: 8160
Loc: Roma, Repubblica Italiana
I'm getting a motorcycle.
_________________________
"All my years in p*rn didn't quite prepare me for childbirth. I mistakenly thought all the stretching I did would make this easier."

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#163140 - 04/23/06 08:30 PM Re: Gas
JimJaded Offline
Gay For Pay

Registered: 09/22/05
Posts: 932
Loc: tricking blind lesbians in a f...
Quote:

Same here man. Super Unleaded is even more too. Westlake Village/Thousand Oaks whatever town. It's lame as all hell. $4 bucks before summer starts I hear.




yeah no shit. its not even June and its allmost $3.50.

Woodland Hills Zen.

_________________________
i don't want YOU to assume i'm being uppity or disrespectful here, but even shit eaters must work within reasonable limits.

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#163141 - 04/23/06 08:36 PM Re: Gas
It Was Fun Offline
aka Gen Padova
Porn Jesus

Registered: 04/20/03
Posts: 4517
Um... well, there will be less gas igniting deaths because of the rise in prices.

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#163142 - 04/23/06 09:22 PM Re: Gas
filth Offline
Ed Hardy Wearing Loser

Registered: 01/23/06
Posts: 44
Loc: Surrey BC
Quote:

Um... well, there will be less gas igniting deaths because of the rise in prices.




there should be a national immolate slush fund set-up for this reason.
_________________________
fills the hand nicely

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#163143 - 04/23/06 09:24 PM Re: Gas
Phlogiston Offline
Human Garbage

Registered: 09/13/05
Posts: 1594
Loc: The "Phlogbox", apparently.
Technically, Bush doesn't leave office until January 20th 2009, so the button maker may want to issue a correction. Blaming Bush specifically is also a massive oversimplification of how fuel prices work, but his presence can't actually help so I won't push the issue.

Gas prices in Marina Del Rey are about $3.10 for regular, so you valley people are getting the bad weather and bad gas prices. The fastest way to cheaper gas is to take oil off of the futures market, since its those panicky idiots who use every lame excuse possible to raise prices regardless of current inventories and whether the gas has actually made it to the station for retail sale.

I'm considering a moped for errands and trips which don't necessitate a car or freeway usage. (Comparisons to riding fat chicks aside.)

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#163144 - 04/23/06 09:34 PM Re: Gas
k1ng Offline
Porn Jesus

Registered: 03/22/06
Posts: 6557
Loc: 2004 - the glory days
Oil companies being greedy douche bags doesn't help either. $400 million retirement package. Crazy.

http://www.canada.com/nationalpost/financialpost/story.html?id=c420ca78-2c36-4e78-9806-d8be9c57c627&k=48132


Bush caused the hurricane that hit New Orleans too.
_________________________
"You are the worst poster in xpt yet I can't stop talking about you" - smelly monkey

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#163145 - 04/23/06 09:39 PM Re: Gas
Willie D Offline

Porn Jesus

Registered: 09/20/05
Posts: 9196
And out of all of this, the whores won't get paid a cent more, AIM tests won't cost any less, and I assume Valtrex won't be discounted any time soon. It's like porn is doing its little bit to help keep inflation under control.

http://mrmethane.com/html/drop/media/Mr_Methane_Farts_The_Blue_Danube_in_The_Doghouse_Studio.wmv

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#163146 - 04/24/06 11:00 AM Re: Gas
reviewerboy Offline
Max Hardcore Prison Bitch

Registered: 01/07/06
Posts: 311
Quote:

Bush caused the hurricane that hit New Orleans too.






LOL! Goddamn, you're a fucking idiot.

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#163147 - 04/24/06 11:49 AM Re: Gas
Ivor Biggun Offline
Kurt Lackwood's Fluffer

Registered: 10/09/04
Posts: 1176
You guys have it easy. Try $6.50 a gallon, 75% of that being tax.
_________________________
"If I were a guy, not swallowing would be a deal breaker. So what if you cook and clean? I can get a maid for that." - Gia Jordan

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#163148 - 04/24/06 12:14 PM Re: Gas
k1ng Offline
Porn Jesus

Registered: 03/22/06
Posts: 6557
Loc: 2004 - the glory days
Quote:

Quote:

Bush caused the hurricane that hit New Orleans too.






LOL! Goddamn, you're a fucking idiot.




Assface this was a sarcastic response to you libs that blame Bush for every fucking thing imaginable. Calling me an idiot for repeating what your left wing wackos, Cindy Sheehan and Robert Kennedy, say is truly idiotic.

Cindy
http://www.foxnews.com/story/0,2933,168105,00.html

Robert Kennedy
http://www.opinioneditorials.com/freedomwriters/syuhas_20050901.html
_________________________
"You are the worst poster in xpt yet I can't stop talking about you" - smelly monkey

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#163149 - 04/24/06 12:28 PM Re: Gas
reviewerboy Offline
Max Hardcore Prison Bitch

Registered: 01/07/06
Posts: 311
Nobody is saying Bush caused a Hurricane -- it's what came afterwards your right wing spewing retard fucking wacko.

Pssst, over 1000 people died in New Orleans, and Bush was told the night before that the levees wouldn't hold and chose to ignore it, just as right wing assholes like you choose to ignore all the shit this administration is up to regarding backroom deals with oil companies.

PS
Fuck you, you're an asshole.

Who is Cindy Sheehan? Is she someone famous? Did she do something for this country? Wait, didn't she sacrifice her only child for the good of this country?

Fuck you, you right wing fuck bag piece of cock sucking shit.


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#163150 - 04/24/06 12:32 PM Re: Gas
reviewerboy Offline
Max Hardcore Prison Bitch

Registered: 01/07/06
Posts: 311
By the way, there is a video of Bush the night before, so when you're done consulting "the right wing asshole's guide to how to think the way the administration wants you to think", remember, there is a video. It's not fake. It's real.

1000 people died in New Orleans and Bush and his cronies could only stand by and hold press conferences.

Maybe you can blame Hillary or something. Isn't that what you faggots do, whenever this administration gets caught with their pants down.




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#163151 - 04/24/06 12:39 PM Re: Gas
pornodux Offline
Max Hardcore Prison Bitch

Registered: 03/23/05
Posts: 422
Loc: Mitteleuropa
Quote:

I just spent $3.41 a gallon to fill up.




i spend 1.33€/liter
1 gallon = 3.785 liters
1 euro = 1.24$
1.6492$= 1 liter gasoline

6.242$= 1 gallon gasoline

Our cars arent gasoline swallowing whores like yours tho.




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#163152 - 04/24/06 12:49 PM Re: Gas
have2cit Offline
Porn Jesus

Registered: 08/09/06
Posts: 9113
Loc: red dirt state of mind
Quote:

Quote:

I just spent $3.41 a gallon to fill up.




i spend 1.33€/liter
1 gallon = 3.785 liters
1 euro = 1.24$
1.6492$= 1 liter gasoline

6.242$= 1 gallon gasoline

Our cars arent gasoline swallowing whores like yours tho.








If you drove great big gas guzzlers maybe you could get cheap gas too. I will try to remember you this summer when my Hemi is running full throttle and my A/C is blazing away.

Viva Le V8 !!!

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#163153 - 04/24/06 12:56 PM Re: Gas
k1ng Offline
Porn Jesus

Registered: 03/22/06
Posts: 6557
Loc: 2004 - the glory days
I agree Bush should have taken better control, but he probably wasn't counting on Nagin and Blanco being totally incompetent. Mayor Nagin and Governor Blanco deserve more fault for being inept than the President. Laying all the blame for a natural disaster and its consequences at the feet of the President is foolish. Furthermore, if the people had listened to the calls to evacuate this would be a nonissue. And come on you know who Sheehan is. She is your hippy life coach and the source for all your blame America first propaganda. By the way SHE didn't sacrifice shit. Her SON, who was proud of his service to his country and reenlisted, sadly sacrificed HIS life for dipshits like you. Its obvious you are out of touch with reality especially if you have Ariana "horsehead" Jollee as an avatar so I will no longer respond to your tiresome rants.
_________________________
"You are the worst poster in xpt yet I can't stop talking about you" - smelly monkey

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#163154 - 04/24/06 01:20 PM Re: Gas
reviewerboy Offline
Max Hardcore Prison Bitch

Registered: 01/07/06
Posts: 311
Quote:

I agree Bush should have taken better control, but he probably wasn't counting on Nagin and Blanco being totally incompetent. Mayor Nagin and Governor Blanco deserve more fault for being inept than the President. Laying all the blame for a natural disaster and its consequences at the feet of the President is foolish. Furthermore, if the people had listened to the calls to evacuate this would be a nonissue. And come on you know who Sheehan is. She is your hippy life coach and the source for all your blame America first propaganda. By the way SHE didn't sacrifice shit. Her SON, who was proud of his service to his country and reenlisted, sadly sacrificed HIS life for dipshits like you. Its obvious you are out of touch with reality especially if you have Ariana "horsehead" Jollee as an avatar so I will no longer respond to your tiresome rants.






Whoaaaa! Hold on there buckaroo.

Cindy Sheehan, George Bush, blah, blah, whatever...

You start trashing Ariana, then I gots a problem. Ariana is a lady and she deserves to be treated with respect.

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#163155 - 04/24/06 05:02 PM Re: Gas
Phlogiston Offline
Human Garbage

Registered: 09/13/05
Posts: 1594
Loc: The "Phlogbox", apparently.
Ignore Reviewerbitch, King. His thought processes are so screwed up, he's always screaming "faggot" at people, yet holds the same Democratic political views of an HIV+ ACT-UP member. In fact, I think he posts as GaySatyr at ADT.

Given that I'm already sick of Katrina and it's lazy ne'er-do-well "refugees", I'll just point out that New Orleans has an all-Democratic levee board in addition to a race-hustling Democratic Mayor, but somehow it is Bush's fault they can't manage their local affairs.

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#163156 - 04/24/06 05:07 PM Re: Gas
elaborator Offline
Porn Icon

Registered: 01/27/06
Posts: 3440
Loc: Jaundice Town
We have Bush foreign policy to thank for these prices...


_________________________





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#163157 - 04/24/06 06:16 PM Re: Gas
Cleetus VanDamme Offline
Porn Jesus

Registered: 04/19/04
Posts: 7888
Loc: Carpathian Mountains
I have no reason to think Kerry would be any better. Maybe we could clone Truman or Teddy?
_________________________
"Some say I'm lazy and others say that is just me. Some say I'm crazy, I guess I'll always be"

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#163158 - 04/24/06 06:24 PM Re: Gas
JimJaded Offline
Gay For Pay

Registered: 09/22/05
Posts: 932
Loc: tricking blind lesbians in a f...
...or make Clinton King
_________________________
i don't want YOU to assume i'm being uppity or disrespectful here, but even shit eaters must work within reasonable limits.

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#163159 - 04/24/06 06:29 PM Re: Gas
elaborator Offline
Porn Icon

Registered: 01/27/06
Posts: 3440
Loc: Jaundice Town
i dont think Kerry was so intertwined with Big Oil...Plus i am talking about the whole Iraq war decision...look at the difference in prices pre war to now...i really dont think India and China have been boomin THAT much in the last few years.



_________________________





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#163160 - 04/24/06 06:30 PM Re: Gas
Willie D Offline

Porn Jesus

Registered: 09/20/05
Posts: 9196
Quote:

I'll just point out that New Orleans has an all-Democratic levee board in addition to a race-hustling Democratic Mayor,



He ain't the only one...



Attachments
155530-racecard0mv.jpg (4 downloads)


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#163161 - 04/24/06 06:47 PM Re: Gas
Da Burglar Offline
Porn Jesus

Registered: 01/02/05
Posts: 5750
Loc: ATLANTIC CITY
You fuckers got 2 feet, start walking bastards...I WHEEL ANY where I possibly can and I can afford a lot of gas, although I need to be driven pretty much all the time now.

Seriously, everybody get off their asses and start walking more, the side benefits ALONE of that activity make it worth the effort, not to mention the money you will now be saving.

And I lived in So Cali for long time too, all over the place, so dont give me the bulshit that you cant walk there, it's possible. Get a firearm if you are worried about getting mugged. You are WAYYYYY more likely to die or be injured in a car accident in LA than be a victim of violent crime....

If everyone cut their gas consumption by 10% for at least 30 days, the effects would be profound and noticeable.
_________________________
Are you gonna eat that?

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#163162 - 04/24/06 07:37 PM Re: Gas
Cleetus VanDamme Offline
Porn Jesus

Registered: 04/19/04
Posts: 7888
Loc: Carpathian Mountains
I told all you bastards to vote me in as President for life , I would just take a portion of Iraq's oil to pay for the war.Also more refinerys are needed but the biggest move must be towards getting away from fossil fuels altogether although it may be decades away we need to research it now ( plus a cheap efficiant alternative to them would deal with the Saracen issue as well ).
_________________________
"Some say I'm lazy and others say that is just me. Some say I'm crazy, I guess I'll always be"

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#163163 - 04/24/06 07:56 PM Re: Gas
JimJaded Offline
Gay For Pay

Registered: 09/22/05
Posts: 932
Loc: tricking blind lesbians in a f...
nah Burg seriously, you cant walk in LA. Noone works closer than 10 miles from home and Public Transit is garbage.

givin the average walk is what? 4 miles an hour? noones walking 2 1/2 hours to work each way.

I run 4 miles every day for fun, and thats enough. A good percentage runs on the rat wheel at the gym, or stair steps for an hour to nowhere...

Ill burn dinosaurs at $3.41 a gallon till mom flushes it all away if I have to, and I too can afford it.I just think it sucks thats all. I want people to be able to drive 10 cylinder super charged hummers that get 2 miles to the $.59/gallon until we all have to wear SPF 150 to be able to walk outside....

Bush/Oil Industry---> <- American People
_________________________
i don't want YOU to assume i'm being uppity or disrespectful here, but even shit eaters must work within reasonable limits.

Top
#163164 - 04/24/06 08:35 PM Re: Gas
Evil Klown Offline
Gay For Pay

Registered: 02/04/05
Posts: 1024
Quote:

Also more refinerys are needed...




Therein Lies the problem. Drilling more wells ain't going to solve jack shi'it as long as there is a limited domestic refining capability and EPA mandated fuel blends out the Wazoo.

An aside, your boys Kommissar El Pendejo Chavez of Brazil's Northern Territory and Chief Diaper Head Ahmadinejad of Iran are overdue for termination...WTF possess B-2s and don't utilize them two billion dollar toys

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#163165 - 04/24/06 09:09 PM Re: Gas
gia jordan Offline
Porn Jesus

Registered: 09/07/05
Posts: 14160
Loc: NYC
Quote:

nah Burg seriously, you cant walk in LA. Noone works closer than 10 miles from home and Public Transit is garbage.

givin the average walk is what? 4 miles an hour? noones walking 2 1/2 hours to work each way.

I run 4 miles every day for fun, and thats enough. A good percentage runs on the rat wheel at the gym, or stair steps for an hour to nowhere...

Ill burn dinosaurs at $3.41 a gallon till mom flushes it all away if I have to, and I too can afford it.I just think it sucks thats all. I want people to be able to drive 10 cylinder super charged hummers that get 2 miles to the $.59/gallon until we all have to wear SPF 150 to be able to walk outside....





Nobody walks in LA doesn't have to be true. I live in Hollywood because all my errands are in walking distance. I walk to the grocery store, dry cleaner, salons, coffee shops, boutiques, and bank. If it's under 2 miles, I walk it. I love taking walks. A lot of my friends drive just to get 2 blocks away then they have to put in extra time at the gym to make up for it.

I think the only places I drive to are porn sets, porn companies, the gym, or the beach.
_________________________
"What I do know is that if Karen Carpenter and Mama Cass Elliot had shared that sandwich they'd both be alive today." -Michael K

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#163166 - 04/24/06 09:21 PM Re: Gas
JRV Offline
Porn Jesus

Registered: 08/03/03
Posts: 5849
Loc: TX, USA
Quote:

We have Bush foreign policy to thank for these prices...



The primary factors driving gas prices are:

1. Chinese demand
2. Lack of refining capacity in the US
3. Chinese demand
4. EPA requirements for fuel blends for which is there is insufficient supply
5. Chinese demand
6. Shifts by the rest of the world away from gasoline to diesel, meaning the US can't buy refined gasoline easily overseas any more
7. Chinese demand
_________________________
"If they can't picture me with a knife, forcing them to strip in an alley, I don't want any part of it. It's humiliating." - windsock

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#163167 - 04/24/06 09:24 PM Re: Gas
zenman Offline
Porn Jesus

Registered: 08/26/03
Posts: 8160
Loc: Roma, Repubblica Italiana
You forgot futures speculation.
_________________________
"All my years in p*rn didn't quite prepare me for childbirth. I mistakenly thought all the stretching I did would make this easier."

Top
#163168 - 04/24/06 09:36 PM Re: Gas
Evil Klown Offline
Gay For Pay

Registered: 02/04/05
Posts: 1024
Quote:

You forgot futures speculation.




No doubt...their hunting season is just around the corner

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#163169 - 04/24/06 09:49 PM Re: Gas
Evil Klown Offline
Gay For Pay

Registered: 02/04/05
Posts: 1024
Quote:

Quote:

I'll just point out that New Orleans has an all-Democratic levee board in addition to a race-hustling Democratic Mayor,



He ain't the only one...






Can't leave out the skank's sistas



Attachments
155573-jackson-waters.jpg (3 downloads)


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#163170 - 04/24/06 11:26 PM Re: Gas
Phlogiston Offline
Human Garbage

Registered: 09/13/05
Posts: 1594
Loc: The "Phlogbox", apparently.
I love the Cynthia McKinney stuff...keep it coming!

(Why can't the DC Capitol police be a little more trigger-happy?)

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#163171 - 04/27/06 12:56 PM Re: Gas
reviewerboy Offline
Max Hardcore Prison Bitch

Registered: 01/07/06
Posts: 311
Quote:

I love the Cynthia McKinney stuff...keep it coming!

(Why can't the DC Capitol police be a little more trigger-happy?)




Wow, we agree on something Phlog.

This McKinney dolt is about as fucking retarded as they come. Her getting caught on the mic calling her advisor "a fool" was awesome, but her going back and telling the interviewer that she couldn't use that portion of the tape -- priceless.

Pulling the race card when it wasn't warranted, punching a cop and in general, being an asshole to people who actually support her -- WTF?

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#163172 - 04/28/06 10:02 AM Re: Gas Chevron profit soars 49%
JimJaded Offline
Gay For Pay

Registered: 09/22/05
Posts: 932
Loc: tricking blind lesbians in a f...
American oil company beats estimates on surging crude prices; stock gains.

April 28, 2006: 10:54 AM EDT


NEW YORK (Reuters) - Chevron Corp., the No. 2 U.S. oil company, said Friday its quarterly earnings rose 49 percent to $4 billion, topping Wall Street expectations and sparking a 2 percent rise in the stock.

The results came as U.S. consumer anger grew over high gas prices and Big Oil's gushing profits. On Thursday, Exxon Mobil Corp. (Research), the world's largest publicly traded oil company reported $8.4 billion in earnings -- its biggest first-quarter profit ever.



Chevron (up $0.88 to $60.86, Research) first-quarter net income increased to $1.80 per share, from $1.28 a share, or $2.7 billion, in the year-earlier period. Analysts, on average, expected a profit of $1.78 a share, according to Reuters Estimates.

"The outperformance was evenly spread through the divisions, with a particularly good performance in U.S. exploration and production (higher natural gas prices) and international refining and marketing (higher margins than expected)," Credit Suisse analysts said in a research note.

Oil and gas companies are enjoying an unusually robust quarter, propelled largely by the surge in oil prices due to fears of supply disruptions and booming demand.

Chevron's oil and gas production rose 10 percent from a year earlier, largely due to the Unocal Corp. acquisition.

Chevron said it had substantially completed its acquisition of Unocal, the California oil producer it bought last summer after a bitter fight with a Chinese oil company.

The Big Oil earnings reports have triggered a now familiar wave of outrage in Washington over the industry's profit bonanza.

Responding to soaring gasoline prices, U.S. lawmakers and consumer advocates have stepped up calls for windfall taxes on oil profits and the repeal of tax breaks.

chevron/bush/cheney/exxon/binladen--><- you
_________________________
i don't want YOU to assume i'm being uppity or disrespectful here, but even shit eaters must work within reasonable limits.

Top
#163173 - 04/28/06 10:12 AM Re: Gas
JimJaded Offline
Gay For Pay

Registered: 09/22/05
Posts: 932
Loc: tricking blind lesbians in a f...
Bush Rejects Tax On Big Oil Profits

(CBS/AP) In the wake of the latest oil company profit report showing much higher earnings, President Bush on Friday rejected calls in Congress for a tax on oil company profits, saying the industry should reinvest its recent windfalls in finding and producing more energy.

"The temptation in Washington is to tax everything," Mr. Bush said in an exchange with reporters in the White House Rose Garden. Rather than for the government to reap the benefit from oil company profits driven by the recent surge in global oil prices, he said, "The answer is for there to be strong re-investment."

"These oil prices are a wakeup call," Mr. Bush said. "We're dependent on oil. We need to get off oil."

With gasoline topping $3 a gallon in some areas, Mr. Bush said energy companies should use their increased cash flows to build more natural gas pipelines, expand refineries, explore "in environmentally friendly ways," and invest in renewable sources of energy.

"That's what the American people expect. They also expect to be treated fairly at the pump," he said.

Mr. Bush's exchange comes in the wake of some congressional Republicans and Democrats in both the House and Senate promising to roll back billions of dollars in tax breaks for major oil companies.

House Republicans refused to go along with a proposal that called on House members to accept a Senate-passed repeal of $5 billion worth of oil industry tax breaks. They are the subject of intense negotiations between the House and Senate on a broad tax bill.

A resolution urging House negotiators to accept the Senate tax proposals failed 232-190, with only two Republicans voting for it.

Meanwhile, a major American oil company has reported soaring first-quarter profits for the third time in three days, buttressed by near-record gasoline and oil prices.

Chevron Corp.'s first-quarter profit soared 49 percent to $4 billion, joining the procession of U.S. oil companies to report colossal earnings as lawmakers consider ways to pacify motorists agitated about rising gas prices.

The San Ramon, Calif.-based company's net income, reported Friday, translated into $1.80 per share, two cents above the average estimate among analysts polled by Thomson Financial. That compared to a profit of $2.7 billion, or $1.28 per share, in the same January-March period last year.

Revenue totaled $54.6 billion, a 31 percent increase from $41.6 billion last year.

"Higher earnings in the first quarter were primarily driven by the performance of our upstream business," chairman and CEO Dave O’Reilly said in a statement. "Prices for crude oil and natural gas were strong during the period."

Chevron released its results after two of its biggest rivals, ConocoPhillips and Exxon Mobil Corp., had already provoked public outrage with similarly large first-quarter profits. Combined, the three oil companies earned $15.7 billion during the three months of the year.

Travelers are feeling the impact of rising oil prices at the airport as well as at the pump as airlines increasingly feel the pinch of rising fuel prices.

In a hastily arranged news conference, Mr. Bush also criticized efforts to sing the national anthem in Spanish. "I think the national anthem ought to be sung in English," he said.


do you feel the burn yet?...Bush is giving you aids
_________________________
i don't want YOU to assume i'm being uppity or disrespectful here, but even shit eaters must work within reasonable limits.

Top
#163174 - 04/28/06 11:19 AM Re: Gas
k1ng Offline
Porn Jesus

Registered: 03/22/06
Posts: 6557
Loc: 2004 - the glory days
Quote:


In the wake of the latest oil company profit report showing much higher earnings, President Bush on Friday rejected calls in Congress for a tax on oil company profits...





I'm not an economist so I may be way off base here but wouldn't taxing the oil companies be the last thing the President should do. The only thing that would result in is higher gas prices at the pump. The oil companies surely wouldn't let the higher taxes put a dent in their profits they would just pass it along to the consumer. How does raising taxes solve anything in this case? Our politicians, Dems in partiular, need to learn raising taxes isn't the answer to everything.

And anyone who sings the national anthem in spanish should be drop kicked back across the border.
_________________________
"You are the worst poster in xpt yet I can't stop talking about you" - smelly monkey

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#163175 - 04/28/06 12:20 PM Re: Gas
JRV Offline
Porn Jesus

Registered: 08/03/03
Posts: 5849
Loc: TX, USA
Quote:

You forgot futures speculation.



That's a short term issue, months or so. The other issues - foreign demand, lack of supply - are long term and aren't going away any time soon (it would help somewhat to switch to diesel cars but not a lot).
_________________________
"If they can't picture me with a knife, forcing them to strip in an alley, I don't want any part of it. It's humiliating." - windsock

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#163176 - 04/28/06 12:29 PM Re: Gas
JimJaded Offline
Gay For Pay

Registered: 09/22/05
Posts: 932
Loc: tricking blind lesbians in a f...
Quote:

Quote:


In the wake of the latest oil company profit report showing much higher earnings, President Bush on Friday rejected calls in Congress for a tax on oil company profits...





I'm not an economist so I may be way off base here but wouldn't taxing the oil companies be the last thing the President should do. The only thing that would result in is higher gas prices at the pump. The oil companies surely wouldn't let the higher taxes put a dent in their profits they would just pass it along to the consumer. How does raising taxes solve anything in this case? Our politicians, Dems in partiular, need to learn raising taxes insn't the answer to everything.

.




last august congress gave 2 billion in tax breaks to big oil.
so what did they do? they raised gas prices by a $1/gallon and created the most profitable quarters in the history of the oil industry, with no signs of slowing down.

all thanks to their man in the pocket..err uh whitehouse.

Question: hey Bush you fucking shady texas oil cowboy idiot, should we maybe oh i dunno rethink those taxes?

reply: Bush/oil---> <--you
_________________________
i don't want YOU to assume i'm being uppity or disrespectful here, but even shit eaters must work within reasonable limits.

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#163177 - 04/28/06 12:31 PM Re: Gas
JRV Offline
Porn Jesus

Registered: 08/03/03
Posts: 5849
Loc: TX, USA
Quote:


I'm not an economist so I may be way off base here but wouldn't taxing the oil companies be the last thing the President should do.




Depends. In a capitalistic economy you'd want to see any company plow unexpected profits back into the business, to increase production in this case.

If you think that won't happen than taxing the money away doesn't hurt much worse than taxes normally do. But if the company would reinvest in the business then taxing away the profit does indeed hurt by ensuring that nobody lifts a finger to solve the problem - if the company can't make a profit by trying harder why bother?

Quote:


And anyone who sings the national anthem in spanish should be drop kicked back across the border.




To be honest I don't care if they want to sing the anthem in whatever language they want. I don't want to hear any requests for welfare handouts in a foreign language, but the anthem is OK.
_________________________
"If they can't picture me with a knife, forcing them to strip in an alley, I don't want any part of it. It's humiliating." - windsock

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#163178 - 04/28/06 01:12 PM Re: Gas
k1ng Offline
Porn Jesus

Registered: 03/22/06
Posts: 6557
Loc: 2004 - the glory days
I don't like being an apologist for Bush on this issue because I was against tax breaks for oil companies too. Sometimes I just get tired of the blame Bush for every ill in the world routine that has become tiresome, but he is Pres and that comes with the territory so it is what it is. All I can say is Congress passed the tax break that includes a hell of lot more people than just the Pres so I would just like to lay the blame to a wider scope of person. Therefore I need to amend your donkey punch animation
Congress/oil---> <--me

jrv I respect that you don't care if the national anthem is sung in spanish, but I do and if I go to a baseball game and they sing the national anthem in spanish that is the last fucking straw. I will become Timothy McVeigh part deux.

So now I'm on my way out to buy a Vespa
_________________________
"You are the worst poster in xpt yet I can't stop talking about you" - smelly monkey

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#163179 - 04/28/06 07:27 PM Re: Gas
Phlogiston Offline
Human Garbage

Registered: 09/13/05
Posts: 1594
Loc: The "Phlogbox", apparently.
Quote:


jrv I respect that you don't care if the national anthem is sung in spanish, but I do and if I go to a baseball game and they sing the national anthem in spanish that is the last fucking straw. I will become Timothy McVeigh part deux.





McVeigh made his bomb using ammonium nitrate fertilizer sensitized with diesel. Even aspiring McVeighs can't escape high petroleum prices.

With respect to JRV, I am increasingly thinking that oil futures are the new dotcoms, in spite of Chinese and Indian consumption and all other long term factors. The big price spikes always seem based on fears (ie. war with Iran) than actual decreases in supply.

I can't think of any consumer benefit that comes from having an essential inelastic good like oil in the futures market, so I'd like to see it removed from speculative markets. Can you think of any reasons for oil on the futures market, JRV? I'm quite open minded to another perspective.


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#163180 - 04/30/06 02:00 PM Re: Gas
JRV Offline
Porn Jesus

Registered: 08/03/03
Posts: 5849
Loc: TX, USA
Quote:


Can you think of any reasons for oil on the futures market, JRV? I'm quite open minded to another perspective.




Predictable costs of raw materials.

Most manufacturers have to buy or lock in their raw materials long before they get paid by their customers. Also, most industrial orders aren't “10,000 widgets next week” but rather “100 widgets a week over the next five years, cancellable after 1 year”.

If you get a big order for widgets that use a lot of oil as a raw material (plastics, etc) you may need to price the widgets well into the future for your buyer, yet the cost of your raw materials is uncertain. If the price of oil is currently $75 you might buy options (a “call”) to buy oil for $85, $90 and $95 at future points in time so that at least you have a known ceiling on your costs, letting you set prices for your buyer with some idea of your profit, or at least a worse-case loss.

Those options aren't free but cost certainty is worth a lot in many cases. I think Southwest Airlines made a killing for the last few years with both options and long term contracts keeping their fuel costs below industry average.

It can get really complicated too. Suppose Southwest Airlines' long term contracts had been at $40 and oil had fallen to $30. Now their buy options at $85+ are worthless and their long-term contracts force a $10/barrel competitive disadvantage on them. To protect against this they might buy an option to sell oil at $35 (a “put”). Now if the price falls to $30 (or worse) they can at least sell their $40 fuel at $35 and not get killed, and if oil rises above $85 they don't pay more than that. It's fairly common to buy options simultaneously on both sides like that, spread over a range of prices. What options you can actually get depends on whether anyone is willing to take the other side of the bet of course...

I think those examples are reasonable but I might have some of it wrong. I don't do options: you can lose money in stocks but get killed in a few hours via options.
_________________________
"If they can't picture me with a knife, forcing them to strip in an alley, I don't want any part of it. It's humiliating." - windsock

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#163181 - 04/30/06 03:03 PM Re: Gas
Phlogiston Offline
Human Garbage

Registered: 09/13/05
Posts: 1594
Loc: The "Phlogbox", apparently.
You know your stuff, JRV. Sometimes the whole thing seems like a big casino, but that's the way commodities markets work. I'd better find a book or two to read on the subject.

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#163182 - 06/06/06 04:18 PM Re: Gas
It Was Fun Offline
aka Gen Padova
Porn Jesus

Registered: 04/20/03
Posts: 4517
Bumpity bump bump with a big fat dump.
Just paid $3.6 something or another today



Attachments
164615-jesusbush.jpg (3 downloads)


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#163183 - 06/06/06 04:33 PM Re: Gas
elaborator Offline
Porn Icon

Registered: 01/27/06
Posts: 3440
Loc: Jaundice Town
Quote:

I'd better find a book or two to read on the subject.




The deal is if you are Rich...you are going to get Richer, If you are not Rich...you dont matter. I think Dr.Suess or Judy Bloom or some bitch did a book on it.

suck it up...the Great American Century is ovah...
_________________________





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#163184 - 06/06/06 05:02 PM Re: Gas
elaborator Offline
Porn Icon

Registered: 01/27/06
Posts: 3440
Loc: Jaundice Town
Quote:

Sometimes I just get tired of the blame Bush for every ill in the world routine that has become tiresome, but he is Pres and that comes with the territory so it is what it is.



but it's okay for them to keep blaming Clinton???


repugs suck...thats all. Big Business dick sucking faggots in Congress that is all the Repuglicon Majority has become...
and now they want to shut down JM in their neverending quest to get rid of the Constitution. Fuck Them... Unless you are making 100 K plus these bastards are NOT FOR YOU!
_________________________





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#163185 - 06/06/06 05:17 PM Re: Gas
JimJaded Offline
Gay For Pay

Registered: 09/22/05
Posts: 932
Loc: tricking blind lesbians in a f...
believe me they are no picnic if you make 100+ either.

unless your in the oil industry.
_________________________
i don't want YOU to assume i'm being uppity or disrespectful here, but even shit eaters must work within reasonable limits.

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