White House's Big Oil Connections: Why Bush Won't Do Anything About Gas Prices - Page 2 - Mercedes-Benz Forum

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post #11 of 31 (permalink) Old 05-12-2006, 12:40 PM
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Originally Posted by Gregs300CD
The price for a gallon of gas doubled.
The price of producing that gallon didn't.
The oil companies recorded RECORD PROFITS last year.

What are you not understanding?

Sorry, I just don't believe the 8 cents.
Where did the price of oil come from?
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post #12 of 31 (permalink) Old 05-12-2006, 12:43 PM
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Originally Posted by Gregs300CD
The price for a gallon of gas doubled.
The price of producing that gallon didn't.
The oil companies recorded RECORD PROFITS last year.

What are you not understanding?

Sorry, I just don't believe the 8 cents.

I realize this link is biased, but it should at least lay some ground work for my statements.

http://www.conocophillips.com/newsro..._gallon_of_gas

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post #13 of 31 (permalink) Old 05-12-2006, 03:39 PM
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That says "late 1990's". I wonder where it's at now.

I know the price per barrel has gone up, but that benefits groups like Haliburton and Saudi Arabia. They likie...

I bet their numbers have gone up with the price per barrel. They maybe made 8 cents on one dollar, but double the cost to 2 dollars, and the price is $2.16, not $2.08. That's how retail works, and that would explain (part of) the profit explosion.
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post #14 of 31 (permalink) Old 05-12-2006, 03:43 PM
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Originally Posted by Gregs300CD
That says "late 1990's". I wonder where it's at now.

I know the price per barrel has gone up, but that benefits groups like Haliburton and Saudi Arabia. They likie...

I bet their numbers have gone up with the price per barrel. They maybe made 8 cents on one dollar, but double the cost to 2 dollars, and the price is $2.16, not $2.08. That's how retail works, and that would explain (part of) the profit explosion.
How does the price go up?

Is it collusion among the satanic forces of black gold?
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post #15 of 31 (permalink) Old 05-12-2006, 03:52 PM
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post #16 of 31 (permalink) Old 05-12-2006, 04:18 PM
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Quick, let's raise taxes. Compared to Europe we pay a lot less for fuel so if we reach for tax parity just imagine how many worthy causes the geniuses in Congress can dream-up for your money. What an opportunity.
Raising the price of fuel is actually the best way to get us off the stuff. We should tax the shit out of it.
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post #17 of 31 (permalink) Old 05-12-2006, 04:21 PM
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Originally Posted by felkhound
The federal govt takes in (in taxes) a little more than twice the profit margin that big oil makes. What are your senators doing with the extra billions now coming in?

8-9 cents a gallon = profit for big oil

18 cents a gallon = federal tax

who the hell knows what your city/county/state tax is = more money in your states coffers.

As the price of a gallon of gas continues to rise, so does the taxes collected. Who is really making all the money & why won't they do anything about it ?
I have no idea where you are getting your figures, but they are fantasies. Wholesale fuel to retail is a 100% mark-up. The tax share is not a percentage, it's a flat 10 cents or whatever, while the oil company shared rises exponentially with the price increases. Where exactly do you think Exxon got it's 36 billion dollar profit from, selling condoms in the machine in the restroom?
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post #18 of 31 (permalink) Old 05-12-2006, 04:28 PM
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Originally Posted by felkhound
I realize this link is biased, but it should at least lay some ground work for my statements.

http://www.conocophillips.com/newsro..._gallon_of_gas
I just don't find any of that believeable. The biggest hole in what they claim is that they own a lot of their own crude oil assets, so the 58% of crude being the price is 95% profit if they own the crude. If you averaged in crude they have to purchase on the open market and what they are pumping out of Alaska, the Gulf, Canada, Mexico and Texas from wells that have already paid for themselves and therefore are pumping oil that costs them very little, then they are doing sweetly. Notice they never mention in the article that they own a great big chunk of that 58% crude in the chart, and everytime the price goes up on the open market, their profits at their own stations skyrocket as a result.

Last edited by FeelTheLove; 05-12-2006 at 04:30 PM.
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post #19 of 31 (permalink) Old 05-12-2006, 04:32 PM
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Originally Posted by kvining
Raising the price of fuel is actually the best way to get us off the stuff. We should tax the shit out of it.

Yeah, I agree. raise taxes! That always fixes everything.

It would be great to keep the poor people with there shitty junk cars off the road. that way I (one of the rich) can drive without fear that one of those blue-collar fucks don't get close to my Mercedes.

KV , dude your a fucking genius. Should I write my congressman to request this? please give me more insightful opinions
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post #20 of 31 (permalink) Old 05-12-2006, 04:33 PM
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Originally Posted by Botnst
Black Gold
How can that be an accurate graph, Bitsnit? Oil taxes are not charges as a "percentage" of a gallon - they are a flat rate tax. If the price of gas rises, then the percentage of cost that was tax falls. That graph is just another shit sandwich - it is giving the impression that the 20% is constant, when that is just not true.
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