High Price of Gas

[Tim M]

Ok, there has to be a solution. There are a lot of smart people here. Based on FACTS, what are your ideas on how to lower the price of gas? See this explanation from the top 5 oil companies - http://www.opisnet.com/fmu/headlines.html

So, if a weak U.S. Dollar is to blame for the price of oil per barrel, how do we improve that? Make more product in the U.S.? May need an economist to talk about the basics of our economy before we can come up with a solution. I also know this: Gas stations make about .10/gallon. Linda used to do the books for a station, and this is all they made. They were a full service station, so they hoped people would also come in to the store for service, drinks, or snacks. Ok, so if the stations are only making .10/gallon, and the Big 5 are reporting only making .06/gallon, how is all this profit being made? I mean, QuickTrip is becoming like a freakin' Walgreens opening on every corner. How do they do it? IF the Big 5 are only making .06/gallon, where is all their profit coming from? I just don't get it. Would releasing our reserves make a difference? IF we could have everyone not buy gas for a few weeks, I wonder if prices would magically come down? What about this car - http://www.nissanusa.com/leaf-electric-car/index#/leaf-electric-car/index - Yeah, it's ugly, but boy, I'm sure tempted.

 

[STL Mark]

The USA and Canada have reserves many multiples of those in the Middle East. If we would have began drilling after 9/11/01 those gas pipelines would be on-line by now.

We need to drill now and drill fast. We will quickly:
1) drive up the value of the dollar
2) lower the worldwide price of oil
3) create hundreds of thousands of local jobs
4) reboot our economy in all areas
5) stop the transfer of wealth to the islamic nuts
6) secure our financial and energy independence
7) give the finger to the rest of the world.

 

[Kerry & Kathy]

The USA and Canada have reserves many multiples of those in the Middle East. If we would have began drilling after 9/11/01 those gas pipelines would be on-line by now.

We need to drill now and drill fast. We will quickly:
1) drive up the value of the dollar
2) lower the worldwide price of oil
3) create hundreds of thousands of local jobs
4) reboot our economy in all areas
5) stop the transfer of wealth to the islamic nuts
6) secure our financial and energy independence
7) give the finger to the rest of the world.

BINGO...!!!

I could not have said it better.

K&K

 

[33ratride]

MARK FOR PREZ. oh that's right he is.

 

[Tim M]

The Big 5 suggested that yesterday and mentioned that they have over 400 leases ready to drill, but cannot due to restrictions. Congress said if they give up their tax breaks, they can drill.....sounds like a plan to me.

Correct me if I'm wrong, but when your company turns a profit, that is above an beyond operating costs and taxes, right?

 

[Kerry & Kathy]

Correct me if I'm wrong, but when your company turns a profit, that is above an beyond operating costs and taxes, right?

Depends...

A GROSS Profit is the difference between sales and the cost of goods sold.

A NET Profit is the difference between sales and the cost of goods sold....and further deducting all wages, taxes, advertising and operating expenses.

For example....I sell 10 rifles for $500 each. Those rifles cost me $300 each.
My Gross profit is $2,000. ( $200 x 10).

However, my cost of transportation to the gun shows, table fees, meals, motel expenses, vehicle depreciation, employee wages, and federal and state income taxes, might amount to $1500 in total expenses to sell those 10 rifles.

My NET profit is $500. or only 25% of my GROSS profit.

When you hear "profits" described in the news media I strongly suspect that if they do not specify which profit they are reporting...they are most likely reporting GROSS profits because it has greater shock value. But that is not the actual NET profits these companies are making.

K&K