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Car Forum / Driving, Maintenance, Tuning / General Car Topics / May 2004Who benefits from high oil/gas prices ?
Who benefits from high oil (barrels) / gas (gallons/liters) prices ? Of course the oil suppliers (we know who they are) benefit from the jacked up prices per barrel... But how are the oil companies benefiting from the jacked up prices of barrels of oil (or is it oil futures) ? They must be manipulating the prices, because if our price moved with the price of the barrels oil companies would be having record earning and the like (look at the charts of their stocks). They must also get (or even own though investments) a percentage of the oil barrel price. I've remember reading something like US oil companies owning a 5% stake in the actual middle eastern oil fields. Is this true ? 5% of $41 bucks a barrel is a lot more than 5% of $22-28. Could someone explain this to us. And explain how the have us "over a barrel" (pun intended), is it really our demand ? And what's all this non-sense about refineries at capacity, we didn't hear that crap last time oil prices got jacked up...there will always be some excuse (China, summer driving season, cold winter, aliens attacking, etc). It's a shame and a scam... Enough is enough, if they want to play games...then lets play... Let us fight back by consuming less OF EVERYTHING !!! I mean EVERYTHING, even toothpaste ! All that would do is fabricate a depression. If we don't consume, we put our selves out of jobs as well. Brian > Who benefits from high oil (barrels) / gas (gallons/liters) prices ? > [quoted text clipped - 32 lines] > > I mean EVERYTHING, even toothpaste ! >Who benefits from high oil (barrels) / gas (gallons/liters) prices ? > >Of course the oil suppliers (we know I heard the profit margin for refining oil into gasoline is only 6%. I think most states sales tax if at 6% or higher, so one can say the state governments are really profiting, and they had nothing to do with the gasoline manufacturing process. Just thinking..... tom *************************************************** http://www.Intertainia.com *************************************************** >>Who benefits from high oil (barrels) / gas (gallons/liters) prices ? >> >>Of course the oil suppliers (we know > >I heard the profit margin for refining oil into gasoline is only 6%. Again, what if the oil companies own/get a percentage of the barrel price, then they would greatly benefit from higher prices... >I think most states sales tax if at 6% or higher, so one can say the >state governments are really profiting, and they had nothing to do >with the gasoline manufacturing process. > >Just thinking..... Here is another thought, what if higher prices was a "reward" to certain countries for not raising a "stink" about certain activities in certain lands. Of course the fact that troops are there will raise prices also... Catch 22 one would say, but everyone buy the consumer is benefiting. > >Who benefits from high oil (barrels) / gas (gallons/liters) prices ? > > [quoted text clipped - 13 lines] > http://www.Intertainia.com > *************************************************** Don't forget that the U.S.A. is a major oil and gas producer too. So segments of our local economy are boosted by the prices. There is also more drilling and exploration than with lower prices. >> >Who benefits from high oil (barrels) / gas (gallons/liters) prices ? >> > [quoted text clipped - 17 lines] >segments of our local economy are boosted by the prices. There is also >more drilling and exploration than with lower prices. Got a point. When whole sale prices increase, the likely hood of making a profit, due to high domestic adminstration costs, increases. Might mean more American jobs being generated. So, this might make me understand why some politicians actually wanted high oil prices, some want to tack on more taxes even now. later, tom ***************** Check Us Out ***************** http://www.CarFleaMarket.com I guess we can assume you haven't seen your dentist price list, for his services, lately? ;) mike hunt > Who benefits from high oil (barrels) / gas (gallons/liters) prices ? <snip> > Enough is enough, if they want to play games...then lets play... > > Let us fight back by consuming less OF EVERYTHING !!! > > I mean EVERYTHING, even toothpaste ! So I see you've perfected time travel. > I guess we can assume you haven't seen your dentist price > list, for his services, lately? ;) [quoted text clipped - 10 lines] > > > > I mean EVERYTHING, even toothpaste ! How did you THINK I acquire so much of my wisdom, I come here from the future. ;) mike hunt > So I see you've perfected time travel. > [quoted text clipped - 12 lines] > > > > > > I mean EVERYTHING, even toothpaste ! Ahhh I see now..... > How did you THINK I acquire so much of my wisdom, I > come here from the future. ;) [quoted text clipped - 17 lines] > > > > > > > > I mean EVERYTHING, even toothpaste ! |
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