05-12-2011, 07:56 AM | #71 |
Drives: 1969 Z28 Join Date: Mar 2008
Location: BC
Posts: 378
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You sir, should really learn how to spell and structure a letter if you expect anyone to take you seriously.
The fact that you took all of my explanations for the high gas prices as corporate defending shows your comprehension skills are on par with your writing skills. You're a moron. |
05-12-2011, 08:08 AM | #72 |
Barossa's handler
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^ Very interesting. Thumpers post.
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05-12-2011, 08:24 AM | #73 |
Drives: 2011 1SS/RS LS3 SIM w/black strips Join Date: Mar 2010
Location: TX
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The way I see it...when profits are up 45% and in the billions, we are being gouged. Plain and simple. It's greed
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05-12-2011, 08:49 AM | #74 |
Drives: 1969 Z28 Join Date: Mar 2008
Location: BC
Posts: 378
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It may seem counter intuitive to you but you better hope oil companies continue to make a profit or this will be your future.
I'm old enough to remember the mid 70's fuel crisis. You will be leaving your Camaro's at home and looking for a moped to buy. |
05-12-2011, 09:10 AM | #75 |
Drives: 1969 Z28 Join Date: Mar 2008
Location: BC
Posts: 378
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This for the guys who think the US is holding back its production so they can export at some undetermined point in the future.
http://www.eia.doe.gov/oil_gas/natur...serves/cr.html This a US Dep't of Energy site, not some crackpot site. Now show how clever you are and divide these reserves by the 21 million bbls/day the US currently uses, only 6 million bpd of which they currently produce themselves. Do you see the problem with this crack pot theory that one of you "heard in high school 20 years ago" ? The U.S. is in serious oil production trouble in about 6 years. They already import 15 million bpd. What will that number be in 2 years? 4 years? 6 years? Enjoy your cheap gas now. It won't last. |
05-12-2011, 09:17 AM | #76 | |
Psycho on day pass
Drives: 2010 yellow 1ss m6 -GM tech Join Date: Apr 2009
Location: grimsby, ont.
Posts: 487
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Quote:
If there was an oil shortage, why the need to make bilions in profit? Will that magically make an untapped oil bed appear gushing trillions of barrels a day? What is done with these huge profits other than make share holders happy? Do you think that raising prices "SAVES" on consumption? Evetone says they still need to get to work. If we were to buy electric scooters for the street which max out at a whoppping 49 km/h, there would be laws and by-laws against them making it not worth to purchase battery power. If we would go battery power, and since plastic is a petrolium base, I would bet that the price of plastic would sky rocket. (why does a plastic car cost more than a metal car anyway)? |
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05-12-2011, 09:27 AM | #77 | |
Psycho on day pass
Drives: 2010 yellow 1ss m6 -GM tech Join Date: Apr 2009
Location: grimsby, ont.
Posts: 487
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Quote:
Thats a nice graph and informative,but, since when has the gov't been truthful? Even if they were, it doesn't justify price swings overnight. Or maybe the numbers in the graph keep moving around and changing on their own? I respect the fact you know your oil inside and out, its just tough to comprehend the price swing evryday. Us uneducated in your expertice just can't comprhend the massive day to day gas hikes especially come long weekends? I think thats the argument being made. We hear about shortages and then we hear about the billions in profit. You have to understand the confussion and anger. This has nothing to do with muscle cars because even people questioned on the news are shown beside their 4 cyl. just as upset. |
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05-12-2011, 09:06 PM | #78 |
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Location: Laval, Canada
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If you can't beat them join them. Buy some shares in Oil company's. XOM, USO, OIH etc... be proactive
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05-13-2011, 04:11 PM | #79 |
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I don't think so, they take enough of my money.
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05-13-2011, 09:37 PM | #80 | |
GM fix my PAINT U suck!
Drives: 2010 Black 1SS/RS 6Spd Join Date: Sep 2009
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Quote:
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05-14-2011, 02:48 PM | #81 | |
Drives: 1969 Z28 Join Date: Mar 2008
Location: BC
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They are saying the same things I've said.
The Finanacial Post "gets it." Clearly many here do not. http://www.financialpost.com/news/re...346/story.html Quote:
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05-14-2011, 06:36 PM | #82 |
GM fix my PAINT U suck!
Drives: 2010 Black 1SS/RS 6Spd Join Date: Sep 2009
Location: Great Red North
Posts: 1,856
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2 years ago the gas was 1.40 at $140 dollars a barrel. Now its $1.40 at just under $100 a barrel. Price is market driven? explain. 40% inflation? really. I don't think many will sympathize with oil or government. Clement and Mcteague are both part of the problem.
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05-14-2011, 08:53 PM | #83 |
Psycho on day pass
Drives: 2010 yellow 1ss m6 -GM tech Join Date: Apr 2009
Location: grimsby, ont.
Posts: 487
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It looked like GM,FORD and CHRYSLER sitting in front of Washington yesterday explaining how pricing works and the governing body just shaking their heads. I was just waiting for the bailout plan from the oil companies.
They said the oil company makes 6-7 cents per gallon and the governing body saying whats up with the billions in profits then if things are bad?! |
05-16-2011, 10:04 AM | #84 |
Drives: 1969 Z28 Join Date: Mar 2008
Location: BC
Posts: 378
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You really don't know how stocks work do you? I bought XOM in 2006 for $59. They are now worth $81 ($87 a few days ago) They have paid off dividends about 20 times since I bought them. So how did they take my money? http://www.google.ca/finance?client=ob&q=NYSE:XOM Even better I bought Royal Bank way back in 1986. $8000 worth. I still hold them. They are now worth $74000 and have paid off hundreds of dividends over the years. |
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