Thread: Gas

Did anyone see Exxon's 3rd Qtr profits yesterday. Incredible and they aren't even ashamed. Once again the American consumer takes it in the shorts.

Oh yeah? This smug SOB makes me seethe even more.

How many chins does he have??? "Laugh it up fuzz-ball"

Tim

While I don't like the price of gas, I think I like the idea of stifling the free market and more government non-effective intervention even less. So what's the answer?

Rob, do you mean less? Honestly trying to get away from non-renewable energy resources should be top priority. But we won't have any such thing until the oil runs out and these same companies that are gouging us completely will trundle out some new wonder technology that only they have control of.

/Puts on tinfoil hat

Originally Posted by mgraepel

Rob, do you mean less? Honestly trying to get away from non-renewable energy resources should be top priority. But we won't have any such thing until the oil runs out and these same companies that are gouging us completely will trundle out some new wonder technology that only they have control of.

/Puts on tinfoil hat

Boy ain't that the truth!!!!!!!!!!!. I would also be afraid of stifling free trade; but is this really free trade can anyone else get in the market. It is really a monopoly.

Gas in the US is still far cheaper, even at today's rates, than most of the rest of the world. Its prices certainly have not kept pace with inflation. However, I do feel that we've been taken advantage of with the recent hurricanes. They screw us because they can.

I have two geologists I train with, both in the energy business. Both agree we have already drilled most of the easy-to-access oil and natural gas. From here, oil will get harder to drill for and thus prices will likely increase.

An advertisement in Wired magazine (August 2005) by Chevron says: "It took us 125 years to use the first trillion barrels of oil. We'll use the next trillion in 30."

We need to pump some serious money into research & development on alternative energy sources. Solar and wind-generated electricity are around, but not much market penetration. Nuclear makes sense to some degree, if we exclude the radioactive waste and potention terrorist threat. Bio-diesel is around (Willie Nelson's tour bus runs on it), but again there is little to no consumer availability. Same can be said for compressed natural gas (CNG). Toyota has done well with its hybrid technology, so well that the rumors are it will be available in every one its vehicles in before 2010.

Just gonna plug a little project I'm working on. This isn't my site, but it's where I got the idea from. The place I work in ends up tossing out huge amounts of aluminum, so I get free fuel

Hydrogen generator

Yes, less, post corrected cause I'm an idiot.

I do believe that we need to research other energy resources, but theirs no incentive in that right now because there's no money to be made.

It's the oil industry! The same industry our good 'ol boy President Bush's family is still heavily involved in. What's the harm in that. I mean, really, shouldn't the oil industry return profits of 65% when other industry averages came in around 15%.

I'm not a math major but I am a CPA, so I seriously struggle reconciling the increase in cost per gallon, near $3 during the storms, and the subsequently issued third quarter profit releases. We consumers should be pissed off and take this issue up with our legislators. What the oil companies have done in, excuse the expression, the wake of the storms is absolutely unforgivable.


One would that if the cause of the increase was increased costs due to the oil rigs in the gulf being incapacitated, then the increase in costs would be offset by the increase in prices to us consumers. No? It's elementary business math...and it doesn't tie.

Or is it, as President Bush would say, "fuzzy math"?

"I don't know, that's just my opinion. I could be wrong." Dennis Miller