Why do people blame the Oil companies for the price of gas? And their "obscene" profits?
Here is a breakdown on 1 gallon of gas on Nov 5th 2007 in California:
Retail prices $3.23
Crude Oil Cost $2.20 ($92.40/barrel)
Federal Excise Tax $0.18
State Excise Tax $0.18
State and Local Sales Tax $0.24
Refinery Cost and Profits $0.39
State Underground Storage Tank Fee $0.01
Distribution Costs, Marketing Costs and Profits $0.03
So out of $3.23 per gallon, the oil companies (If they own their own refineries) get 42 cents. And they have to pay marketing, distribution and refinery costs out of that. Keep in mind, that is for individual stations, too. So I would guess their net profit is about 1/3 of that or 21 cents. About 6.5%
Most businesses operate on about a 15% profit margin.
Oil companies do not set crude oil prices, and very few of them "own" their own oil fields. And the percentage of oil that comes from their own fileds are a very small percentage of the oil they produce. They have to pay for the oil from OPEC members, and when OPEC prices go up, their costs go up.
But their profit margin remains about the same.
By contrast taxes and fees take 61 cents. (19%)
Alan, Don't ruin a good liberal arguement with facts. You know they don't use facts when making their arguements, just feelings.
Good to see the Poster back on the PRF.
So, I went and saw the dino Imax...wow great thing to watch Highly recommended.
The movie showed a bunch of paleonologists digging for fossils and bones...in the desert. Just so we're clear the animals lived in temperate areas with forests and all that stuff...now they're deserts...for the past millions of years and with no man made global warming.
Where was Al Gore? how did man kill the dinos when there weren't any man?
CC
Good to see the Poster back on the PRF.
So, I went and saw the dino Imax...wow great thing to watch Highly recommended.
The movie showed a bunch of paleonologists digging for fossils and bones...in the desert. Just so we're clear the animals lived in temperate areas with forests and all that stuff...now they're deserts...for the past millions of years and with no man made global warming.
Where was Al Gore? how did man kill the dinos when there weren't any man?
CC
Evil oil killed them, they used their time machine to go back to the Pleistocene and set up their asteroid attraction device so they could turn the dinosaurs into CRUDE OIL!!!!!!!!!
aaaarrrggghhhhhhhhhhhhhhhhhhh!!!!! Theyr'e reading my mind right now!! Where's my ALCOA beanie!!!!!!!!
Oil Company Profits
The Investment U e-Letter: Issue # 653
March 23, 2007
Oil Company Profits: Just Who Is Gouging Whom?
by Alexander Green, Investment Director, The Oxford Club
And at first blush, many would agree. Over the past 12 months, for example,
ExxonMobil has made pre-tax profits of $164 billion on sales of $369.5 billion. That's a lot.
http://www.investmentu.com/IUEL/2007/20070323.html
$.42 a gallon seems like an obscene amount of profit when considering that gas used to cost less that this per gallon.
Here is another breakdown
Gasoline Retailer $.01 cents per gallon
Oil Company $.08 cents per gallon
Refining $.29 cents per gallon
Marketing/Distribution $.32 cents per gallon
Taxes $.59 cents per gallon
Cost of crude $1.71 per gallon (delivered)
The retailer $.01 a gallon The Company $.37 if it refines it's own.
Again, retailer $.01 Company $.37
Heavens to Betsy, I had no idea my little post would generate this kind of response!
Well, here is another opinion to add to the plethora that have been expressed.
-I'd like to see the USA;
a) Put some of the whize kids we have in this country on the alternative fuels search, lord knows we supplement enough higher education at various Hallowed institutes that we could push for such research. Ultimately, it is sound to find a way to move to an energy source that doesn't pollute the environment.
b) In the interset of national security, start exploiting known reserves we control. ANWAR, the gulf of Mexico leases in our turf, etc. Allow the ususal folks to get in there and recover the crude.
Now, here comes the twist. That crude does not hit the open market. That crude is under price controls, and is only available in the U.S. at retail pumps. That crude has profit built into it for the compaines, I don't exepect them to do this fer free. Resasonable profit for the work, after all, it is our oil they want to go after.
I have no interest in allowing anymore drilling in new sources in U.S. turf that puts product onto the open market so that the Chinese can bid it up and take it. If the oil compaines don't want to do this, then perhaps we need to look at the possibility of gettting the government in there to do it. I don't like the idea of the government doing it, but we need the oil.
b(1)
Federal taxes and state sales taxes on fuel are stopped. Tha'tll bring the prices down more than anything. To make up the money, we outlaw earmarks at the federal level. We tax political candidates who want to us the TV. We cancel congressional retirement extras. They get no goodies, they get an IRA, they pay into social security. No lifetime B.S If we get term limits in or start voting the jerks out after two terms, they'll have plenty of time to put something together out in the private sector.
One formula for diesel and gas nationwide. Cooking all this shiznit for the different states with limited refining capacity s B.S.
c) We have almost reached a point where being an Eco-Socialist in this country is a dangerous thing. Once the audience wathcing American Idol wakes up and figures out that these people who have been trying for years to engineer this country into their Socialist Utopia, and one of the reasons fuel prices are where they are is because we have not added to the petro-infrastructure in decades due to them protesting and using the ESA to stop every single attempt at building refining capacity, and the American idol watchers see that Eco-Socialism= screwing the public, maybe they'll wake up.
The situation as it is, right now, is going to result in a massive rescession, and that will become apparent when the 1st quarter retail numbers for 2008 hit the airwaves and we find that Wal, K, and all the other marts have not sold the stuff.
d) No more natural gas fired, oil fired power plants to be built. Save the damn oil & petro stuff for other things, like the for fuel for the things that grow the food, harvest the food, and bring the food to the store. Heat houses with gas, etc. It is efficent at doing so. Build the Nucs, build the dams (hydro) build the geothermal, build the trash burner, etc. It isn't wise to use oil to fire a power plant. Enncourage the development of solar heat/electric technology. Even now it is much more efficient than most folks think. At 4-6 bucks a gallon for fuel, it'll be even more so.
I find myself tending to believing folks who have no horse in the race when it comes to this Global Warming deal. The earth has been heating and cooling for long before we got here. It will continue to do so. Whether we are having any impact on it, (as a species) is a long way from being "fact"., Mr. Gore's movie not withstanding and whether he invented the internet or not, the man is a buffon; raised in a hotel and believing his own propaganda isn't healthy, Al.
We are dealing with a well organized and well-funded group of people who have been pushing the citizens of this country around for about 4 decades. They have brought us to where we are, and our obsession working for a living, raising our families and assuming our elected officials will represent us with honor and honesty has failed.
Start showing up at the poles. Vote the self-serving pricks out. If they ignore the demands of the people who elect them, if they fail to act in the best interest of the country, throw them out. Do so every couple of years and we will make the change.
Wake up, people.
We've had it so good in this country for so long that we have people making a damn fine living stopping a road going through because of riparian field mouse habitat.
We pay them thousands of dollars to find a route around the habitat that they approve of. So we can build a road, to drive on to go to work.
We've had it so good for so long in this country that we have reached a place where we think that being nice and talking to people who want nothing more than to kill us, our children, and our childrens children will make them like us.
We've had it so good for so long we think it will go on forever.
Go ask somebody who lived through the depression what that was like.
Go ask somebody who lived through World War II what that was like.
Go ask somebody who lived through the doldrums of the Carter Admin. what that was like, when the rate on a 30 year loan was 19%.
The great silent majority of America needs to rise up.We need to shut down the poison that is Political Correctness, and take the country back from the Self-Chosen Self Blessed Self Right-Righteous Few who have been quietly controlling every step this country takes for too damn long, writing bullshit laws that line their own pockets all under the guise of saving the planet, fixing the satan that is the U.S., etc, and making more American Idol obsessed Americans dependant on the Federal Government, which consolidates their political power, and ensures their political lives.
While all the while China rises, and now has us by the scrotum, and open a new power plant every other day.
While Russia sits on vast reserves of crude, and arms Iran with Nuclear technology.
While a pissant dictator steps onto our shore, into the U.N., and calls our president the great satan, and offers oil vouchers to ou cities.
And look at the quality of people we have running for president.
But hey this is just my opinion, throwing out a few thoughts, some possibilites and food for thought. I'm sure lots of folks think I am wrong.
I might be about some of the little details.
But I sure as hell am not wrong about the big picture. No amount of double talk or Al Gore movies or Nobel Przes or hillary trying to shove more B.S. at me while all the time trying to control my life is going to convince me otherwise.
Good Day.
This graph was interesting. Historical levels of CO2 have been good for the planet. Plants seem to like more CO2. More plants add more fuel for animals. In fact, some of the ice ages had 4 times more CO2 than there is today. With todays doomsday predictions, shouldn't the planet have been burning up? The more likely suspects are sun activity, earth axis cycle variability and orbital distance cycles.
Source:www.geocraft.com
http://www.geocraft.com/WVFossils/Pa...s/image277.gif
Dave the Lefties do not and will not get the connection between CO2 and Biomass! It has to do with the 60s mentality instilled in their pointed traitor heads.
Oil Company Profits
The Investment U e-Letter: Issue # 653
March 23, 2007
Oil Company Profits: Just Who Is Gouging Whom?
by Alexander Green, Investment Director, The Oxford Club
And at first blush, many would agree. Over the past 12 months, for example,
ExxonMobil has made pre-tax profits of $164 billion on sales of $369.5 billion. That's a lot.
http://www.investmentu.com/IUEL/2007/20070323.html
$.42 a gallon seems like an obscene amount of profit when considering that gas used to cost less that this per gallon.
Here is another breakdown
Gasoline Retailer $.01 cents per gallon
Oil Company $.08 cents per gallon
Refining $.29 cents per gallon
Marketing/Distribution $.32 cents per gallon
Taxes $.59 cents per gallon
Cost of crude $1.71 per gallon (delivered)
The retailer $.01 a gallon The Company $.37 if it refines it's own.
Again, retailer $.01 Company $.37
How can you call that 42 cents or 37 cents "profit" when their costs come out of it? Their gross take is a hell of a lot different than net take. Realize that operating, insurance, exploration, R & D, maintenance, etc. is all taken out of that 37-42 cents.
Why do liberals feel that ANY profit for business is obscene?
Heinz company (John Kerry's wife) profits were 205.3 million lfirst quarter 2007.
US-based Heinz, a manufacturer and marketer of processed food products, has reported 5.8% gain in profits for the first quarter of 2007.
The company's profits increased to $205.3 million, or $0.63 a share, in the first quarter compared with $194.1 million, or $0.58 a share, for the same period last year. The company also reported an increase in its sales by 9.1% to $2.25 billion.
Art Winkleblack, CFO of Heinz said that the company expects a further increase of 5.5% in commodity costs and so Heinz may increase the prices of its products.
Why isn't anyone screaming about the obscene profits of Big Catsup?
How can you call that 42 cents or 37 cents "profit" when their costs come out of it? Their gross take is a hell of a lot different than net take. Realize that operating, insurance, exploration, R & D, maintenance, etc. is all taken out of that 37-42 cents.
Why do liberals feel that ANY profit for business is obscene?
Heinz company (John Kerry's wife) profits were 205.3 million lfirst quarter 2007.
Why isn't anyone screaming about the obscene profits of Big Catsup?
The retailer $.01 a gallon The Company $.37 if it refines it's own.
Again, retailer $.01 Company $.37
Doesn't this seem a little off?
Alan,
Read the link in my previous post
Heavens to Betsy, I had no idea my little post would generate this kind of response!
Well, here is another opinion to add to the plethora that have been expressed.
-I'd like to see the USA;
a) Put some of the whize kids we have in this country on the alternative fuels search, lord knows we supplement enough higher education at various Hallowed institutes that we could push for such research. Ultimately, it is sound to find a way to move to an energy source that doesn't pollute the environment.
b) In the interset of national security, start exploiting known reserves we control. ANWAR, the gulf of Mexico leases in our turf, etc. Allow the ususal folks to get in there and recover the crude.
Now, here comes the twist. That crude does not hit the open market. That crude is under price controls, and is only available in the U.S. at retail pumps. That crude has profit built into it for the compaines, I don't exepect them to do this fer free. Resasonable profit for the work, after all, it is our oil they want to go after.
I have no interest in allowing anymore drilling in new sources in U.S. turf that puts product onto the open market so that the Chinese can bid it up and take it. If the oil compaines don't want to do this, then perhaps we need to look at the possibility of gettting the government in there to do it. I don't like the idea of the government doing it, but we need the oil.
b(1)
Federal taxes and state sales taxes on fuel are stopped. Tha'tll bring the prices down more than anything. To make up the money, we outlaw earmarks at the federal level. We tax political candidates who want to us the TV. We cancel congressional retirement extras. They get no goodies, they get an IRA, they pay into social security. No lifetime B.S If we get term limits in or start voting the jerks out after two terms, they'll have plenty of time to put something together out in the private sector.
One formula for diesel and gas nationwide. Cooking all this shiznit for the different states with limited refining capacity s B.S.
c) We have almost reached a point where being an Eco-Socialist in this country is a dangerous thing. Once the audience wathcing American Idol wakes up and figures out that these people who have been trying for years to engineer this country into their Socialist Utopia, and one of the reasons fuel prices are where they are is because we have not added to the petro-infrastructure in decades due to them protesting and using the ESA to stop every single attempt at building refining capacity, and the American idol watchers see that Eco-Socialism= screwing the public, maybe they'll wake up.
The situation as it is, right now, is going to result in a massive rescession, and that will become apparent when the 1st quarter retail numbers for 2008 hit the airwaves and we find that Wal, K, and all the other marts have not sold the stuff.
d) No more natural gas fired, oil fired power plants to be built. Save the damn oil & petro stuff for other things, like the for fuel for the things that grow the food, harvest the food, and bring the food to the store. Heat houses with gas, etc. It is efficent at doing so. Build the Nucs, build the dams (hydro) build the geothermal, build the trash burner, etc. It isn't wise to use oil to fire a power plant. Enncourage the development of solar heat/electric technology. Even now it is much more efficient than most folks think. At 4-6 bucks a gallon for fuel, it'll be even more so.
I find myself tending to believing folks who have no horse in the race when it comes to this Global Warming deal. The earth has been heating and cooling for long before we got here. It will continue to do so. Whether we are having any impact on it, (as a species) is a long way from being "fact"., Mr. Gore's movie not withstanding and whether he invented the internet or not, the man is a buffon; raised in a hotel and believing his own propaganda isn't healthy, Al.
We are dealing with a well organized and well-funded group of people who have been pushing the citizens of this country around for about 4 decades. They have brought us to where we are, and our obsession working for a living, raising our families and assuming our elected officials will represent us with honor and honesty has failed.
Start showing up at the poles. Vote the self-serving pricks out. If they ignore the demands of the people who elect them, if they fail to act in the best interest of the country, throw them out. Do so every couple of years and we will make the change.
Wake up, people.
We've had it so good in this country for so long that we have people making a damn fine living stopping a road going through because of riparian field mouse habitat.
We pay them thousands of dollars to find a route around the habitat that they approve of. So we can build a road, to drive on to go to work.
We've had it so good for so long in this country that we have reached a place where we think that being nice and talking to people who want nothing more than to kill us, our children, and our childrens children will make them like us.
We've had it so good for so long we think it will go on forever.
Go ask somebody who lived through the depression what that was like.
Go ask somebody who lived through World War II what that was like.
Go ask somebody who lived through the doldrums of the Carter Admin. what that was like, when the rate on a 30 year loan was 19%.
The great silent majority of America needs to rise up.We need to shut down the poison that is Political Correctness, and take the country back from the Self-Chosen Self Blessed Self Right-Righteous Few who have been quietly controlling every step this country takes for too damn long, writing bullshit laws that line their own pockets all under the guise of saving the planet, fixing the satan that is the U.S., etc, and making more American Idol obsessed Americans dependant on the Federal Government, which consolidates their political power, and ensures their political lives.
While all the while China rises, and now has us by the scrotum, and open a new power plant every other day.
While Russia sits on vast reserves of crude, and arms Iran with Nuclear technology.
While a pissant dictator steps onto our shore, into the U.N., and calls our president the great satan, and offers oil vouchers to ou cities.
And look at the quality of people we have running for president.
But hey this is just my opinion, throwing out a few thoughts, some possibilites and food for thought. I'm sure lots of folks think I am wrong.
I might be about some of the little details.
But I sure as hell am not wrong about the big picture. No amount of double talk or Al Gore movies or Nobel Przes or hillary trying to shove more B.S. at me while all the time trying to control my life is going to convince me otherwise.
Good Day.
That right there boys and girls is my nomination for PRF post of the year....MP
Heavens to Betsy, I had no idea my little post would generate this kind of response!
Go ask somebody who lived through the doldrums of the Carter Admin. what that was like, when the rate on a 30 year loan was 19%.
.
Good Day.
At 4:45 today I almost posted "Hey where is the SOB that started this thread anyway".Maybe I should have.
Your comments about Jimmy Carter are just out of hand though. Don't you know a few here believe him to be the next best thing after Bill Clinton
I believe our Nation's energy policy, or more like lack there of is amoung Pres. Bushes biggest failuresWhat an icreadable wasted opportunity over the last 8 yrs. to talk to the public about a 14-16 year plan to use our reserves, build Nuke's and work on alternative power sources at the same time.
He has certainly done a poor on this .
Sleeper CP
Big Inch Ford Lover
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