Oil $100 a BBL.........
02-21-2008 | 11:22 AM
#121
Gets Weekends Off
Joined: Sep 2007
Posts: 207
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You are absolutely correct. I think Neal Boortz was just illustrating the amount of tax money that is handed over to the imperial Federal Governement by 'Big Oil'. However, all of those 'obsene' profits that pay the salaries of everyone in the company and stock holders is taxable income/capital gains......
It is also important to point out that Exxon paid (collected) more taxes to the Federal Government than did the bottom 50% of wage earners in the U.S. For those of you in southern Florida (Rio Linda) and can't even figure out how a paper voting ballot works, wager earners are those people who actually have jobs and pay income tax.
LIFENTHEFASTLANE.....or however you spell it.
The question about "How did OUR oil get under THEIR sand?
" is classic!!! LMAO!
02-21-2008 | 04:42 PM
#122
Line Holder
Joined: Jun 2005
Posts: 95
Likes: 0
From: Airbus A320 F/O
well said, jungle
I nominate the below post for Post of the Week. Completely spot-on, and debunks all the whiny behavior coming out of pilots over whom to blame for the high price of oil.
Oil companies, speculators, Saudis, special interest groups and the government. Can you think of anyone else to blame for a free market in which the demand has increased with supply remaining steady?
None of the entities you mentioned control oil prices. Demand and supply do.
The oil companies are about mid-pack in the corporate world in terms of profit margin. The US government confiscates two to three times what the the oil companies do on every gallon of fuel sold.
Tax the corporations more,you say? The consumer will pay those taxes with every gallon of gas sold.
None of the entities you mentioned control oil prices. Demand and supply do.
The oil companies are about mid-pack in the corporate world in terms of profit margin. The US government confiscates two to three times what the the oil companies do on every gallon of fuel sold.
Tax the corporations more,you say? The consumer will pay those taxes with every gallon of gas sold.
02-21-2008 | 05:32 PM
#123
Gets Weekends Off
Joined: Jun 2006
Posts: 919
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Jungle is correct for the following reasons:
1) He is correct factually regarding this issue
2) He takes excellent pictures
3) I am a little afraid of him
An excellent book for any interested in this topic is "The Prize" by Daniel Yergin - excellent book about the history and evolution of the oil business.
The ones I am ****ed at are the greedy Dairy Farmers. They get $4 per Gallon! FOUR DOLLARS per GALLON! for a product that:
1) Goes bad after a couple days (oil doesn't)
2) Is not difficult to locate - find a cow (as opposed to geographers finding a location, electronic logging, core samples, an exploratory well, and then...MAYBE...you find oil).
3) Is not a depleting commodity (cows and bulls can create more milk producers)
4) Is not dangerous to transport (Valdez, tanker trucks,etc...)
5) Milk does not explode and kill people when pastuerized (see this weeks refinery explosion).
6) A gallon of Milk can not make my 4,500lb, 400hp V8 car go a mile. A gallon of gas can make it go 15!
7) Milk does not have to be dispensed with expensive pumps and extreme measurement tolerances that include pay options - it just requires a plastic or glass jug and a fridge.
The Dairy Farmers are absolutely SCREWING US and you think the oil companies are bad.
1) He is correct factually regarding this issue
2) He takes excellent pictures
3) I am a little afraid of him
An excellent book for any interested in this topic is "The Prize" by Daniel Yergin - excellent book about the history and evolution of the oil business.
The ones I am ****ed at are the greedy Dairy Farmers. They get $4 per Gallon! FOUR DOLLARS per GALLON! for a product that:
1) Goes bad after a couple days (oil doesn't)
2) Is not difficult to locate - find a cow (as opposed to geographers finding a location, electronic logging, core samples, an exploratory well, and then...MAYBE...you find oil).
3) Is not a depleting commodity (cows and bulls can create more milk producers)
4) Is not dangerous to transport (Valdez, tanker trucks,etc...)
5) Milk does not explode and kill people when pastuerized (see this weeks refinery explosion).
6) A gallon of Milk can not make my 4,500lb, 400hp V8 car go a mile. A gallon of gas can make it go 15!
7) Milk does not have to be dispensed with expensive pumps and extreme measurement tolerances that include pay options - it just requires a plastic or glass jug and a fridge.
The Dairy Farmers are absolutely SCREWING US and you think the oil companies are bad.
02-22-2008 | 03:48 PM
#124
Gets Weekends Off
Joined: Mar 2007
Posts: 203
Likes: 0
From: Sabre 60
I am done arguing about oil prices.
The fact is our enemies have our nation and our economy by the balls because we use oil. If we keep using gasoline to power automobiles, our enemies will keep having our economy by the balls. Airlines will never have a profit margin greater than 5%. First year major FO's will still be making poverty wages. Our economy will never reach its full potential. And people like jungle, cpoonfinal, and stinsonjr will still try to justify that oil is the best fuel for America.
I cannot wait for the day that our nation is free from oil (or atleast down 80% from todays usage level) so our economy can prosper to its fullest potential.
Until then, I hope the price of oil keeps going up and up and up. Where she'll stop... nobody knows. $200/$300/$400 a barrel... Go baby go.
The fact is our enemies have our nation and our economy by the balls because we use oil. If we keep using gasoline to power automobiles, our enemies will keep having our economy by the balls. Airlines will never have a profit margin greater than 5%. First year major FO's will still be making poverty wages. Our economy will never reach its full potential. And people like jungle, cpoonfinal, and stinsonjr will still try to justify that oil is the best fuel for America.
I cannot wait for the day that our nation is free from oil (or atleast down 80% from todays usage level) so our economy can prosper to its fullest potential.
Until then, I hope the price of oil keeps going up and up and up. Where she'll stop... nobody knows. $200/$300/$400 a barrel... Go baby go.
02-22-2008 | 04:26 PM
#125
A moment please...
Joined: Sep 2007
Posts: 769
Likes: 0
From: Just passin' thru
I am done arguing about oil prices.
The fact is our enemies have our nation and our economy by the balls because we use oil. If we keep using gasoline to power automobiles, our enemies will keep having our economy by the balls. Airlines will never have a profit margin greater than 5%. First year major FO's will still be making poverty wages. Our economy will never reach its full potential. And people like jungle, cpoonfinal, and stinsonjr will still try to justify that oil is the best fuel for America.
I cannot wait for the day that our nation is free from oil (or atleast down 80% from todays usage level) so our economy can prosper to its fullest potential.
Until then, I hope the price of oil keeps going up and up and up. Where she'll stop... nobody knows. $200/$300/$400 a barrel... Go baby go.
The fact is our enemies have our nation and our economy by the balls because we use oil. If we keep using gasoline to power automobiles, our enemies will keep having our economy by the balls. Airlines will never have a profit margin greater than 5%. First year major FO's will still be making poverty wages. Our economy will never reach its full potential. And people like jungle, cpoonfinal, and stinsonjr will still try to justify that oil is the best fuel for America.
I cannot wait for the day that our nation is free from oil (or atleast down 80% from todays usage level) so our economy can prosper to its fullest potential.
Until then, I hope the price of oil keeps going up and up and up. Where she'll stop... nobody knows. $200/$300/$400 a barrel... Go baby go.
Gold should be going up along with it.
Buy Gold...
02-22-2008 | 05:01 PM
#126
Line Holder
Joined: May 2006
Posts: 1,115
Likes: 5
From: Excessed WB Capt.
Corporations don't pay tax - they just pass it on to the consumer, especially in the oil/gas industry. If Exxon didn't have to pay tax our gas prices would be less. If the government didn't tax gas our gas prices would be less.
Point being even though Exxon pays lots of taxes, consumers effectively pay the tax (in this case we pay 41% more for fuel than if Exxon didn't have to pay tax).
I run my own small business like this too - I figure out how much I need to make per hour to pay my salary and my taxes. That's my hourly cost. If I didn't pay taxes I could reduce my hourly cost by XX%.
Point being even though Exxon pays lots of taxes, consumers effectively pay the tax (in this case we pay 41% more for fuel than if Exxon didn't have to pay tax).
I run my own small business like this too - I figure out how much I need to make per hour to pay my salary and my taxes. That's my hourly cost. If I didn't pay taxes I could reduce my hourly cost by XX%.
02-22-2008 | 06:14 PM
#127
Gets Weekends Off
Joined: Sep 2007
Posts: 207
Likes: 0
I have to disagree with you. If you and I both sell the same product and our overhead is reduced, you may choose to keep your prices the same but I'll lower mine just below yours. I'll take your business until you choose to lower your prices to match mine or just below mine. This novel idea is called capitalism/free market. Works every single time.
Last edited by CPOonfinal; 02-23-2008 at 06:34 AM.
02-23-2008 | 05:24 AM
#129
With The Resistance
Joined: Jan 2006
Posts: 6,191
Likes: 0
From: Burning the Agitprop of the Apparat
I am done arguing about oil prices.
The fact is our enemies have our nation and our economy by the balls because we use oil. If we keep using gasoline to power automobiles, our enemies will keep having our economy by the balls. Airlines will never have a profit margin greater than 5%. First year major FO's will still be making poverty wages. Our economy will never reach its full potential. And people like jungle, cpoonfinal, and stinsonjr will still try to justify that oil is the best fuel for America.
I cannot wait for the day that our nation is free from oil (or atleast down 80% from todays usage level) so our economy can prosper to its fullest potential.
Until then, I hope the price of oil keeps going up and up and up. Where she'll stop... nobody knows. $200/$300/$400 a barrel... Go baby go.
The fact is our enemies have our nation and our economy by the balls because we use oil. If we keep using gasoline to power automobiles, our enemies will keep having our economy by the balls. Airlines will never have a profit margin greater than 5%. First year major FO's will still be making poverty wages. Our economy will never reach its full potential. And people like jungle, cpoonfinal, and stinsonjr will still try to justify that oil is the best fuel for America.
I cannot wait for the day that our nation is free from oil (or atleast down 80% from todays usage level) so our economy can prosper to its fullest potential.
Until then, I hope the price of oil keeps going up and up and up. Where she'll stop... nobody knows. $200/$300/$400 a barrel... Go baby go.
With your strong conviction, why not open a commodities trading account and make millions. The brokers will be happy to take your bets, even though they may be way "out of the money".
Next thing you know you'll have your own GV and super models hanging all over you on your yacht.
With some of your money you could even found the company that produces the first practical electric car.
Just be aware that when everyone is sure of the market's direction it frequently marks the juncture of a sharp reversal.
Good luck and please send pics so we can share the joy of your success.
02-23-2008 | 06:04 AM
#130
Gets Weekends Off
Joined: Feb 2007
Posts: 440
Likes: 0
I am done arguing about oil prices.
The fact is our enemies have our nation and our economy by the balls because we use oil. If we keep using gasoline to power automobiles, our enemies will keep having our economy by the balls. Airlines will never have a profit margin greater than 5%. First year major FO's will still be making poverty wages. Our economy will never reach its full potential. And people like jungle, cpoonfinal, and stinsonjr will still try to justify that oil is the best fuel for America.
I cannot wait for the day that our nation is free from oil (or atleast down 80% from todays usage level) so our economy can prosper to its fullest potential.
Until then, I hope the price of oil keeps going up and up and up. Where she'll stop... nobody knows. $200/$300/$400 a barrel... Go baby go.
The fact is our enemies have our nation and our economy by the balls because we use oil. If we keep using gasoline to power automobiles, our enemies will keep having our economy by the balls. Airlines will never have a profit margin greater than 5%. First year major FO's will still be making poverty wages. Our economy will never reach its full potential. And people like jungle, cpoonfinal, and stinsonjr will still try to justify that oil is the best fuel for America.
I cannot wait for the day that our nation is free from oil (or atleast down 80% from todays usage level) so our economy can prosper to its fullest potential.
Until then, I hope the price of oil keeps going up and up and up. Where she'll stop... nobody knows. $200/$300/$400 a barrel... Go baby go.
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