GAS $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Frankn

Frankn

Gold Member
Mar 21, 2010
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Maryland
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THE FACTS 1- Gas consumption in the USA is now at a 21 year low .
2- The majority of the oil to produce gas in the USA comes from the USA, Canada & Mexico
SO, why is the price going up? Frank

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When I got a call, I voted for lower gas prices. guess I was the only one. Tax's on diese is 5.5cents higher then gas and that's a by product. Nitro is over 35.00 per gal.and that's a by product of paint. No lead paint no leaded gas. Summer blend winter blend can't blame the oil co's for all this.
 

1) The local price is dictated by international price. They produce most of out Gasoline from American, canadian, and mexican oil, but the oil companies purchase that on the open market. They have to match or beat the price the Chinese, Brits, or French are willing to pay. So the embargo on Iranian oil reduces international supply, and that makes all prices rise, even for those who never have and never will use Iranian Oil.

2) Because driving goes up during the summer, prices go up during the summer too. This has become predictable. Current prices are effected by speculators who count on Prices going up this summer. They buy cheap winter gas and sell it during the summer to make money. This leads into all speculators causing a rapid raise in oil prices. Speculators buy oil and gas and remove it from the market, hoping that the price will go up. This allows them to make a huge profit. Depending on how you structure your "Investment" you can get favorable "Oil Producer" tax status on your profits... That means that the income produced is not taxed as income, but rather at a lower Energy Producer rate. If we were to fix this tax loophole, many of the speculators who drive up the price of Oil (and gas) would get out of the market. Another solution would be for the President to order the release of the strategic reserve when speculators account for more than 4% or 5% of the market (Speculators at low levels add a cushion that prevents the system from running out of oil if there is disruption in the supply of Oil. If there is a hurricane or some other thing that knocks out some supply, the price rises and speculators sell to meet the demand. More than 4% to 5% speculators means there is too much being held in market reserves and the price is artificially high. If the President were to release some of the strategic reserve when speculators make up 6% to 10% of the market, they would be chased out, they would sell to prevent being wiped out, and a more balanced market at a lower price level could be established. Once the unnecessary speculators are out of the market and the prices are lower, the government could then start to buy oil to refill the strategic reserve).
 

dejapooh said:
1) The local price is dictated by international price. They produce most of out Gasoline from American, canadian, and mexican oil, but the oil companies purchase that on the open market. They have to match or beat the price the Chinese, Brits, or French are willing to pay. So the embargo on Iranian oil reduces international supply, and that makes all prices rise, even for those who never have and never will use Iranian Oil.

2) Because driving goes up during the summer, prices go up during the summer too. This has become predictable. Current prices are effected by speculators who count on Prices going up this summer. They buy cheap winter gas and sell it during the summer to make money. This leads into all speculators causing a rapid raise in oil prices. Speculators buy oil and gas and remove it from the market, hoping that the price will go up. This allows them to make a huge profit. Depending on how you structure your "Investment" you can get favorable "Oil Producer" tax status on your profits... That means that the income produced is not taxed as income, but rather at a lower Energy Producer rate. If we were to fix this tax loophole, many of the speculators who drive up the price of Oil (and gas) would get out of the market. Another solution would be for the President to order the release of the strategic reserve when speculators account for more than 4% or 5% of the market (Speculators at low levels add a cushion that prevents the system from running out of oil if there is disruption in the supply of Oil. If there is a hurricane or some other thing that knocks out some supply, the price rises and speculators sell to meet the demand. More than 4% to 5% speculators means there is too much being held in market reserves and the price is artificially high. If the President were to release some of the strategic reserve when speculators make up 6% to 10% of the market, they would be chased out, they would sell to prevent being wiped out, and a more balanced market at a lower price level could be established. Once the unnecessary speculators are out of the market and the prices are lower, the government could then start to buy oil to refill the strategic reserve).
Click to expand...

(Note to Self... DO NOT invest in OIL; it's a MORAL "thing"...).
 

Frankn said:
THE FACTS 1- Gas consumption in the USA is now at a 21 year low .
2- The majority of the oil to produce gas in the USA comes from the USA, Canada & Mexico
SO, why is the price going up? Frank

<img src="http://www.treasurenet.com/forums/attachment.php?attachmentid=746015"/>
Click to expand...

Because you have a billion Chinese that were using bikes a generation ago that now want to all drive cars. Pure and simple.
 

So Dega could you be saying our King could control the price of oil to some extent?MMMMMM.:icon_scratch:
 

dejapooh said:
1) The local price is dictated by international price. They produce most of out Gasoline from American, canadian, and mexican oil, but the oil companies purchase that on the open market. They have to match or beat the price the Chinese, Brits, or French are willing to pay. So the embargo on Iranian oil reduces international supply, and that makes all prices rise, even for those who never have and never will use Iranian Oil.

2) Because driving goes up during the summer, prices go up during the summer too. This has become predictable. Current prices are effected by speculators who count on Prices going up this summer. They buy cheap winter gas and sell it during the summer to make money. This leads into all speculators causing a rapid raise in oil prices. Speculators buy oil and gas and remove it from the market, hoping that the price will go up. This allows them to make a huge profit. Depending on how you structure your "Investment" you can get favorable "Oil Producer" tax status on your profits... That means that the income produced is not taxed as income, but rather at a lower Energy Producer rate. If we were to fix this tax loophole, many of the speculators who drive up the price of Oil (and gas) would get out of the market. Another solution would be for the President to order the release of the strategic reserve when speculators account for more than 4% or 5% of the market (Speculators at low levels add a cushion that prevents the system from running out of oil if there is disruption in the supply of Oil. If there is a hurricane or some other thing that knocks out some supply, the price rises and speculators sell to meet the demand. More than 4% to 5% speculators means there is too much being held in market reserves and the price is artificially high. If the President were to release some of the strategic reserve when speculators make up 6% to 10% of the market, they would be chased out, they would sell to prevent being wiped out, and a more balanced market at a lower price level could be established. Once the unnecessary speculators are out of the market and the prices are lower, the government could then start to buy oil to refill the strategic reserve).
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Wow! I was totally not expecting a logical answer. Thanks.
Crispin
 

There is plenty of oil. It's basically a matter of price fixing It cost about $5 a bbl to produce oil. This rape of the consumers is what has killed the world economy. Look at Arabia, so much money they don't know what to do with it. They have built super highways going out into the desert to nowhere. The skyscraper population is out of this world. What's that other country, Dubai or something. They have built large islands in the shape of palm trees and the star and crescent for all the very rich. They are building the world's largest university, all with excess profit from oil production. We have pricefixing and anti-monopoly laws, whats going on here. maybe our big man is in on the take! Frank

Blue 1212.jpg
 

Frankn said:
There is plenty of oil. It's basically a matter of price fixing It cost about $5 a bbl to produce oil. This rape of the consumers is what has killed the world economy. Look at Arabia, so much money they don't know what to do with it. They have built super highways going out into the desert to nowhere. The skyscraper population is out of this world. What's that other country, Dubai or something. They have built large islands in the shape of palm trees and the star and crescent for all the very rich. They are building the world's largest university, all with excess profit from oil production. We have pricefixing and anti-monopoly laws, whats going on here. maybe our big man is in on the take! Frank

<img src="http://www.treasurenet.com/forums/attachment.php?attachmentid=746086"/>
Click to expand...

What do you think has happened to the demand for oil with the growth in the Chinese and Indian economies. No conspiracy simple supply and demand math. Do you think that 5 years from now there will be more or fewer cars on the road in china and India?? Everyone wants to consume like an American with one earth worth of resources. Feel free to not consume any if you believe it is too expensive. Or just by some stock in Exxon ??
 

Folks,

Same situation north of the border.....I checked out the price this am 1.47 per liter....that works out to about $5.50 per U.S. gallon.....of course we have higher taxes on the fuel....but it tends to jump 5 to 8 cents per liter as the weekend approaches....

For the most parts governments don't complain because the higher the price is at the pumps the bigger chunk of the pie they get....and as stockpicker mentioned the developing countries are eating up larger amounts of fuel than before....

It's just another commodity to the world market.....check out the increases on a lot of food supplies....they're driven by the same circumstances as fuel.....if say Japan will bid up the price on pork produced in Canada and the US....domestic consumers pay a higher price or it gets exported to the higher price countries.

Just the nature of the beast unfortunately.

Regards + HH

Bill
 

Frankn said:
There is plenty of oil. It's basically a matter of price fixing It cost about $5 a bbl to produce oil. This rape of the consumers is what has killed the world economy. Look at Arabia, so much money they don't know what to do with it. They have built super highways going out into the desert to nowhere. The skyscraper population is out of this world. What's that other country, Dubai or something. They have built large islands in the shape of palm trees and the star and crescent for all the very rich. They are building the world's largest university, all with excess profit from oil production. We have pricefixing and anti-monopoly laws, whats going on here. maybe our big man is in on the take! Frank



View attachment 746086
Click to expand...

Don't think they have permit's, eco nut's, payoff's over site's, committees, cost over run's. land deals, unions, cry babies, protester's. uninformed voters. Should I go on. I'll look up the word logic while I'm at it.
 

0121stockpicker said:
What do you think has happened to the demand for oil with the growth in the Chinese and Indian economies. No conspiracy simple supply and demand math. Do you think that 5 years from now there will be more or fewer cars on the road in china and India?? Everyone wants to consume like an American with one earth worth of resources. Feel free to not consume any if you believe it is too expensive. Or just by some stock in Exxon ??
Click to expand...

Or BP...
 

Frankn said:
THE FACTS 1- Gas consumption in the USA is now at a 21 year low .
2- The majority of the oil to produce gas in the USA comes from the USA, Canada & Mexico
SO, why is the price going up? Frank

View attachment 746015
Click to expand...
Gas isn't up. In 1964 gas was $0.20/gallon. Two Roosevelt dimes would buy a gallon of gas. Today, those same two Roosevelt dimes will buy 1 1/2 gallons of gas. The REAL value the oil companies get for their gas today is lower than it was in the late 60's.
Jim
 

Jim in Idaho said:
Gas isn't up. In 1964 gas was $0.20/gallon. Two Roosevelt dimes would buy a gallon of gas. Today, those same two Roosevelt dimes will buy 1 1/2 gallons of gas. The REAL value the oil companies get for their gas today is lower than it was in the late 60's.
Jim
Click to expand...

Jim you might be right for your area, But I have been buying gas for my car since '53 and the lowest I have seen in Balto ,Md. is .25 at a discount Spur station.
As far as the refineries, they are making plenty. When they run the oil thru the cracker the first time they get karesene and diesel fuel. They then run the diesel fuel thru again and come up with regular gas. They use to add led and chemicals to boost the octain to get hitest. So you see Diesel is the cheaper fuel to make, but the most expensive to buy. Frank.

Jim, I have to admit I didn't quite under stand your post. Looked like some words were missing.111-1 profileblk.jpg
 

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Frankn said:
Jim you might be right for your area, But I have been buying gas for my car since '53 and the lowest I have seen in Balto ,Md. is .25 at a discount Spur station.
As far as the refineries, they are making plenty. When they run the oil thru the cracker the first time they get karesene and diesel fuel. They then run the diesel fuel thru again and come up with regular gas. They use to add led and chemicals to boost the octain to get hitest. So you see Diesel is the cheaper fuel to make, but the most expensive to buy. Frank.

Jim, I have to admit I didn't quite under stand your post. Looked like some words were missing.
Click to expand...

Yep But you have to like the power 1000 to 3ooo hp. with a chip you can burn a set of 44's to the rims. Call me smokey.
 

GOUGEING,period! As long as the "sheeple" take it they'll do it. Used to be ileagal when I was a kid and the bandits were put into the pokey for a while.Now that we realze Congress has been bought and paid for by thieves of all stripes it's time to give them the shoe isn't it?......
 

swamp yankee said:
GOUGEING,period! As long as the "sheeple" take it they'll do it. Used to be ileagal when I was a kid and the bandits were put into the pokey for a while.Now that we realze Congress has been bought and paid for by thieves of all stripes it's time to give them the shoe isn't it?......
Click to expand...

What would we replace them with? There's a long line of these goofs waiting for their turn. Trouble is the masses have no idea what a shovel is if they were all gone.
 

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