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Replies: 70
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All-TigerNet [11435]
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Heck yeah, wow almost 3 billion
Mar 11, 2013, 8:27 PM
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All In
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Heisman Winner [105574]
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People fail to realize the middle east won't be impacted
Mar 11, 2013, 8:32 PM
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at all. It's the American companies who would be hit.
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All-TigerNet [11435]
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It brought prices down last time it was done
Mar 11, 2013, 8:33 PM
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so hey, lower prices sound good to me. Rich people taking a hit,makes me smile
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Heisman Winner [105574]
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I love how America used to congratulate people for working
Mar 11, 2013, 8:35 PM
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hard and getting rich. Now people are hated and penalized for it.
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All-TigerNet [11435]
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I do the ones who don't
Mar 11, 2013, 8:44 PM
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take advantage of the poor and ones who aren't rich. Oil companies are nothing but thieves.
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Heisman Winner [105574]
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Please go on and explain how oil companies are thieves.
Mar 11, 2013, 8:52 PM
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By the way, does that include the guy that owns the local gas station in your community who would be the real person affected by any significant boycott?
People like to demonize and generalize about oil companies, but in reality they are not thieves. They employ millions of American workers. Go to any town in west Texas, along the Eagle Ford Shale, or along the Bakken Shale in ND and there is a 0% unemployment rate. A guy swinging tools on an oil rig on the shale plays makes about $2,000 per week.
Do the big oil companies make a lot of money? Yes, that's called capitalism. You want lower gas prices...let your president know. Lifting fracking restrictions would make the US the #1 exporter of oil in the world. Think about the jobs that would create, or projects like the Keystone Pipeline.
But please tell me how oil companies are thieves.
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All-TigerNet [11435]
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How about ripping people off by over pricing gas
Mar 11, 2013, 9:00 PM
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This crap that their is a shortage is flat garbage. When you make people struggle with over pricing gas, it shows what kind of person you are. You defending them is truly sad and tell your president? That is funny
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Heisman Winner [105574]
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Do you understand how commodities work?
Mar 11, 2013, 9:08 PM
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Do you realize that if a company like Exxon decided one day they no longer wanted to make profits it would only save you about 7 or 8 cents per gallon?
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All-TigerNet [11435]
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Hey 7 to 8 cent is something
Mar 11, 2013, 9:18 PM
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not much at all but better than nothing. Our work has a car pool program and imagine if more would do this?
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Heisman Winner [105574]
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I certainly agree with you on the car pool.
Mar 11, 2013, 9:21 PM
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On the other stuff, we'll agree to disagree.
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All-TigerNet [11435]
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My problem isn't just with the oil companies
Mar 11, 2013, 10:00 PM
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I'm just not gullible enough to believe that the government and oil companies aren't partners in ripping off america. While we were in Iraq, we were let in on some stuff that is going on between them and it is some shady under the table stuff. We were also told not to believe much if any of what is said on the news. I would discuss some of that on here, but we were told not to
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Orange Blooded [4774]
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Good lord man... you are the biggest paranoid conspircy
Mar 12, 2013, 2:26 PM
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theorist on T-net.
I bet PErry Noble and G W Bush are sitting in a bathtub of oil counting they're money and laughing at you right now.
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Legend [16902]
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Re: Hey 7 to 8 cent is something
Mar 11, 2013, 10:06 PM
[ in reply to Hey 7 to 8 cent is something ] |
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The last time we did do this - post housing bubble when oil consumption and outstanding credit shrank for the first time in U.S. history - our government flipped the f&$* out and gave away all the money we were deliberately not spending as the American Recovery and Reinvestment Act of 2009. So now we've spent that money + interest in the form of future taxes except we got no say in how it was wasted.
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All-TigerNet [11435]
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Re: Hey 7 to 8 cent is something
Mar 11, 2013, 10:09 PM
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I agree 1000% that it all starts with the government.
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CU Guru [1198]
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Connoisseur [357]
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Heisman Winner [105574]
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An insult? I think it's more insulting that people would
Mar 11, 2013, 10:34 PM
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suggest that other people should cap their wages.
I don't care if it's 1,000:1 a CEO makes what he or she has earned. Most CEO's of large corporations don't get to where they are by being lazy. They get there by busting their a$$es off through life, performing well in high school, getting into a premier undergrad program, getting graduate degrees, then working their way up through companies. D@mn those rich people for being so successful!
If your company offered you $5 million a year to be the CEO, would you take it, or would you turn it down because it's insulting to the guy who works the mail room making $14/hr?
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CU Medallion [51531]
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CU Medallion [51531]
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Fan [74]
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Heisman Winner [105574]
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Last line of his attachment "Middle Eastern Oil Industry"
Mar 11, 2013, 9:29 PM
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I took that to mean the middle east. My apologies if I read that wrong.
However, the overall premise will not hurt the oil companies either. Although BTT wants the oil companies to do away with their profits all together to save 7-8 cents a gallon for the consumer.
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All-In [29036]
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All-TigerNet [11435]
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If it brings prices down like it did last
Mar 11, 2013, 8:46 PM
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time, even if just for a short time, then it isn't failed. I guess we should all just sit around and let these thieves just rip us off huh? Yeah lets do nothing.
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All-In [29036]
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Why would you believe it ever worked?
Mar 11, 2013, 8:52 PM
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Ammend your usage, find alternative sources, invest in different energy production... But boycotting one day (if you aren't changing driving behavior) is doomed to do exactly nothing.
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All-TigerNet [11435]
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That's my point, sacrifice a day driving around town
Mar 11, 2013, 8:58 PM
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unless you have too
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Heisman Winner [105574]
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I thought your point was to not buy gas for a day?***
Mar 11, 2013, 8:59 PM
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Orange Blooded [3510]
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It was until it wasn't convenient any longer***
Mar 11, 2013, 9:01 PM
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All-TigerNet [11435]
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Yes, put 2 and 2 together
Mar 11, 2013, 9:03 PM
[ in reply to I thought your point was to not buy gas for a day?*** ] |
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any average smart person can see just waiting till tomorrow to buy gas is pointless, it's doing things like car pooling and just not going anywhere for that day. Also to the gas station, they don't make much of a profit at all with gas, gas is just to get people to buy what's inside. We don't go as much as we used to cause of gas prices and you can't me by not going as much doesn't hurt the oil companies
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Trainer [33]
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Re: That's my point, sacrifice a day driving around town
Mar 11, 2013, 9:22 PM
[ in reply to That's my point, sacrifice a day driving around town ] |
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As I recall, the federal government makes about 40 or 50 cents per gallon for doing nothing - and you have a problem with the company who finds, pumps, refines the oil into gas, sends it through pipelines and tank trucks to the gas station for you making less than ten cents per gallon???
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CU Medallion [51531]
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Orange Blooded [4757]
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Re: Heck yeah, wow almost 3 billion
Mar 11, 2013, 8:48 PM
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April 15: gas companies see $3 billion dip in sales
April 16: gas companies see $3 billion spike in sales
Hmm
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All-TigerNet [11435]
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Not true, if people stay home that day instead of
Mar 11, 2013, 8:53 PM
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buying gas, then they take a hit cause less gas is bought. It should be called car pool day, that would put a dent in it. I agree with just waiting to buy gas till next day does nothing, it's sacrificing going some where for a day and not using up your gas.
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Orange Blooded [3510]
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Somehow I missed that in your OP
Mar 11, 2013, 8:55 PM
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Could be because it isn't there.
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Orange Blooded [4757]
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Re: Not true, if people stay home that day instead of
Mar 12, 2013, 7:31 AM
[ in reply to Not true, if people stay home that day instead of ] |
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Even if EVERY single person did just what you're saying, and by the way none of those suggestions were in the original graphic--you tacked them on when your argument got weak--the oil companies would still see a 0.27% dip in annual revenues. Probably not even that much, considering on average it's around 1/7th of the population buying gas on any given day. So now you're talking about a 0.04% dip.
That's really not enough for them to pay attention.
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Orange Blooded [3510]
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The whole premise is false
Mar 11, 2013, 8:49 PM
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Deferring a gas purchase one day doesn't change anything for the oil companies. I know this may be hard for you to understand but lets try. Ok so lets assume it were 100% successful and nobody bought gas on that day. Now the statement urges people to purchase gas the day before or the day after. So instead of $3B each day you have $4.5B on the 14th and 16th which, (wait for it) equals the same $9B they would have gotten over the 3 days without the "boycott".
So if it makes you feel better then go for it but rest assured it is a totally useless exercise. If you really want to see a net negative you are going to have to convince people walk, ride their bike or take the bus - good luck with that.
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CU Medallion [51531]
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You're right. It doesn't lower the demand,
Mar 12, 2013, 10:12 AM
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it just shifts it to another day. The real issue is the state and federal taxes on gas.
If Bryant thinks his gas prices are high. Go to Georgia. Go to NC. Go to Florida.
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Trainer [41]
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taxes
Mar 11, 2013, 8:52 PM
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Oil companies are thieves?? Do a little research on their profit margin. Usually less than 5 percent! Now, what is the governments profit margin in taxes? How about over 50 percent!! Communism is fine until you run out of other peoples money. We as the providers need to realize that we don't need the gimmethats, they need us. We have the power, we need to takee it back!
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Heisman Winner [105574]
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^^^This guy gets it***
Mar 11, 2013, 8:54 PM
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All-TigerNet [11435]
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Re: taxes
Mar 11, 2013, 9:08 PM
[ in reply to taxes ] |
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Where does it stop? $4.00 a gallon is out of range for most people who have no
recourse but to pay it in order to live! But I guess none of you have a problem with that
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Heisman Winner [105574]
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Of course I have a problem with that, but you're mad at the
Mar 11, 2013, 9:09 PM
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wrong people!
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All-TigerNet [11435]
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Trust me I have a bigger problem with our government
Mar 11, 2013, 9:16 PM
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but the oil companies aren't much better. Both are partners in this crap.
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All-TigerNet [11435]
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Re: taxes
Mar 11, 2013, 9:15 PM
[ in reply to Re: taxes ] |
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Battling against their substantial power is rather difficult as the political power of the major oil companies is quite significant. The oil industry has contributed $67 million to federal politicians (of which 79% went to Republicans). The big five spent a staggering $50 million on lobbying efforts before Congress and the White House. One of the distressing effects of this political muscle, one that has been blindly ignored by the federal government, is that the uncompetitive practices initiated by the large oil companies have forced many smaller independent refineries to close down (which further reduces supply).
The United States government is often at odds with itself when discussing the problem. The White House claims that stiff environmental rules and regulations have stifled refining capacity. This contrasts with the 2002 findings of the Federal Trade Commission (FTC) who concluded that oil companies had intentionally withheld supplies of gasoline as a tactic to drive up prices and maximize profits. As of January 2011, these findings have not been challenged nor have alternative solutions been pursued by our Federal government. For example, the Federal government conceivably could order oil companies to increase the size of their storage facilities which would offset the temporary supply disruptions and serve to keep gasoline prices stable.
Additional price pressure has resulted from the government’s sustained increase in contributions to the nation’s Strategic Petroleum Reserve (SPR). The oil market follows a “just-in-time” inventory method where oil is extracted and refined as needed with a very small buffer to utilize when market demands change suddenly. President Bush pressed hard to aggressively fill the SPR to capacity (700 million barrels) with no regard to the current market conditions. More than 100,000 barrels of oil have been detached from the market and placed in the SPR. The current level of the SPR would fulfill America’s oil demand for more than 10 straight months. In administrations prior to the Bush administration (e.g. President Bill Clinton), oil was released from the reserve when market conditions worsened. Instead, the Bush administration has continued to contribute.
In 2000, Congress passed the Commodity Futures Modernization Act. This Act opened up a large loophole in the government oversight of energy trading by allowing traders to operate in unregulated over the counter (OTC) exchanges. Previously, traders had operated in the regulated New York Mercantile Exchange (NYMEX) and were required to disclose significant details of their trades to federal regulators. In contrast, over-the-counter exchanges are not required to disclose significant details of the trades. The end result – this allows companies to escape federal oversight and further manipulate oil prices.
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Legend [16902]
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Re: taxes
Mar 11, 2013, 9:24 PM
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The problem is that margins are margins and no matter how much the government chips in, the margin can't drop below a certain point or prices will rise. The bulk of government incentives go towards exploration - which helps keep supply up and demand under control. Certain factions in the government want to force these oil companies to use these incentives towards researching alternative fuel. But what sense does it make for an oil company to invest in products that will undermine the value of their own commodity? I've read numerous articles that at a certain point some of the largest oil companies may simply go private, buy back their stock, sell off their supplies and pass the cash around to whoever is still holding shares (this is a gross oversimplification). - just wait and see what gas prices do if that were to happen.
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Orange Blooded [3510]
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You really should source your stuff
Mar 11, 2013, 9:34 PM
[ in reply to Re: taxes ] |
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I'll help you out this time http://www.smashtheman.com/2010/09/articles/bigbusiness/oil-companies-rip-off-customers
That said, this site is definitely in the dark. Many independent refineries closed because their equipment can only accept sweet crude. It isn't cost effective to pay significantly more per barrel for sweet crude than for sour crude from Canada so the refineries close. The big oil companies can afford to convert older refineries or build new ones. So once again you (through your unsourced post) are "speaking" about things you don't know.
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Heisman Winner [105574]
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^^^And boom goes the dynamite!***
Mar 11, 2013, 9:41 PM
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All-TigerNet [11435]
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Re: ^^^And boom goes the dynamite!***
Mar 11, 2013, 9:47 PM
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Lol yeah more like a cherry bomb. If he or you don't agree with it, it must be in the dark
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Orange Blooded [3510]
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Re: ^^^And boom goes the dynamite!***
Mar 11, 2013, 9:52 PM
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Well come on refute what I said then
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Orange Blooded [3510]
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Crickets (as expected)***
Mar 11, 2013, 9:58 PM
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All-TigerNet [11435]
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What's the point, you just shoot down anything
Mar 11, 2013, 10:06 PM
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that differs from your opinion. Really have no use debating an arrogant prick like yourself. When you can debate without coming off as a know it all and think your opinion is the only one that matters, then come talk, till then have a good one.
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CU Medallion [51531]
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Did you even read his post?***
Mar 12, 2013, 10:07 AM
[ in reply to Re: taxes ] |
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Legend [16902]
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Re: taxes
Mar 11, 2013, 9:17 PM
[ in reply to taxes ] |
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Actually, Exxon runs a net margin in the 9-11% range - which is completely and totally acceptable. Whoever is vilifying the oil industry uses gross margin dollars and people flip out because they have no sense of scale.
Apple overtook Exxon as the largest market cap company in the world. The do not create a single thing that could be considered essential.. Apple employs only about 60% of the employees Exxon does at a considerably lower salary (25% of Apples are retail employees) And they run a net margin of 20%. So, who's the thief?
It is amazing how easily people's opinions can be manipulated and how strongly they will stand by them.
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110%er [5450]
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Apple pays a dividend.
Mar 11, 2013, 9:20 PM
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Caught you copying and pasting an old excerpt!
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Legend [16902]
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Re: Apple pays a dividend.
Mar 11, 2013, 9:26 PM
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I didn't cut and paste anything. Just didn't realize they had begun paying one (it's only been 9 months).
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Legend [16330]
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lol this wont even dent the big oil companies..
Mar 11, 2013, 9:17 PM
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you will how ever be hurting the local guy who owns the gas station.
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All-TigerNet [11435]
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So I guess we should all just bend over and say give us more***
Mar 11, 2013, 9:20 PM
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Legend [16330]
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yeah because sticking it to local..
Mar 12, 2013, 11:21 PM
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family owned business will stick it to the evil corporations lol.
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Legend [19352]
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Re: Heck yeah, wow almost 3 billion
Mar 11, 2013, 9:36 PM
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I think its funny that Oil companies making 4% profit per gallon is evil but it is okay for the Gov to take approx 10% of each gallon.
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Scout Team [158]
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Re: Heck yeah, wow almost 3 billion
Mar 11, 2013, 9:41 PM
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That is the stupidest thing I have ever hear unless people drive less, they will gain as much on the days before and after the 15th that they lost on the 15th. What day the gas is bought makes no difference.
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Legend [19352]
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Re: Heck yeah, wow almost 3 billion
Mar 11, 2013, 9:43 PM
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it is almost as stupid as hanging out on the forum of a rival thinking they actually give a #### what you think.
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All-TigerNet [11435]
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110%er [9174]
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We are the 99%..
Mar 11, 2013, 9:43 PM
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and we are morons...
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Trainer [41]
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taxes
Mar 11, 2013, 9:49 PM
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No one is a theif. PROFIT is not a bad word. If it is 1 percent or a 1000 percent it is OK. The gov on the other hand makes nothing, that takes and gives it to whom it wants. Washington is the problem and now that 45 million people are now on the free lunch program, look out.
See liberals look at a problem, feel bad for the problem, come to an emotional solution to the problem, feel better and walk away. Not realizing the implementation problems they just created.
There is no such thing as FAIR because someone is negatively affected. I hate that word and refuse for my kids to use it.
Lastly, there is not nor will there ever be this utopia that liberals want. There will never be world
peace. There will always be poor people. There will always be rich people. If they got every single thing they wanted they still would not be happy.
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110%er [6098]
TigerPulse: 100%
Posts: 13245
Joined: 11/10/00
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Fair is on bluff road
Mar 11, 2013, 10:21 PM
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next door to that dump the coots call a stadium
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CU Medallion [51531]
TigerPulse: 100%
Posts: 43078
Joined: 8/10/04
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That's a nice place. Beautiful scenery.***
Mar 12, 2013, 10:10 AM
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Starter [356]
TigerPulse: 82%
Posts: 879
Joined: 6/3/08
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Re: taxes
Mar 12, 2013, 8:29 AM
[ in reply to taxes ] |
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I thought consumption taxes were the way to go?
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CU Medallion [51531]
TigerPulse: 100%
Posts: 43078
Joined: 8/10/04
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The taxes that come out of my paycheck make me sick.
Mar 12, 2013, 10:08 AM
[ in reply to taxes ] |
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Seeing ######## outside of BiLo trying to sell their EBT cards for half their value make me even more sick. ...Get a god #### job.
As well as the billions we give out in foreign aid and that #### Vietnam part II in Afghanistan that's sucking us dry.
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All-TigerNet [13888]
TigerPulse: 100%
Posts: 10641
Joined: 9/15/02
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Walk over to the academic buildings
Mar 12, 2013, 10:17 AM
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Enroll in Econ 101. Take notes.
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110%er [6858]
TigerPulse: 95%
Posts: 6499
Joined: 10/7/07
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Sadly, this is the dumbest con ever concieved.
Mar 12, 2013, 10:53 AM
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Would have NO impact on demand, price, or oil companies profits, NONE. You would either fill up the day before or the day after and ultimately spend exactly the same as you would have anyway. So tell me, how does this cause gas prices to "drop 30 cents overnight"? That is laughable. Unless youre going to get millions of people to agree to park their cars and not use them, then there will be no impact to anyone except the suckers who inconvenience themselves by not buying gas when then need it.
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Orange Blooded [2533]
TigerPulse: 89%
Posts: 4161
Joined: 10/10/08
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This is about as silly a thing as I have seen
Mar 12, 2013, 11:46 AM
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Who's your stat or econ teacher? I suggest he or she be fired.
If people dont' gas their cars that day, and they keep driving around (they will, don't worry), then they'll just put more gas in their car the next day to offset the loss.
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All-TigerNet [11435]
TigerPulse: 84%
Posts: 14500
Joined: 1/2/11
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Well folks have to use their brains and actually not drive
Mar 12, 2013, 2:05 PM
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that day. I agree more details shoulda been put in and not just wait till the next day to fill up. I figured folks were smart enough to realize that you need to not go to town unless you have to for a day. Shoulda been take a day and stay home or walk. It's really not the fact that it'll hurt them, it's just making a statement that we're tired of the high prices.
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All-In [29036]
TigerPulse: 100%
Posts: 36097
Joined: 8/28/00
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Win one for pointless gestures!***
Mar 12, 2013, 7:07 PM
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