What SHOULD the price of oil be???

The price of Oil and Gasoline is artifically high because of several things...

1. a critical additive has been deemed to carcinogenic to continue using... The end date for use was a month or so ago...

2. Best replacement additive is Ethanol...

3. 30 Ethanol facilities are !finally! under construction...

4. They could have been built by the time of need but, IMHO, the Oil Companies were looking for a repreive so they wouldn't have to invest in something that would 'compete' with their primary product...

5. So, IMHO, the current high cost of Gasoline was artificially created by the Oil Companies to maximize profits at OUR expense...

As for Iran's hope to destroy us economically...

If *both* political parties don't get off the pot and do something to correct the problem of corporate greed... Iran won't have to have a NUke to destroy us...

I don't drive for pleasure I drive to survive, commuting 66 miles one way to work...

I hate driving... But, I have no choices at the present...

For SC current the price is around $2.85 at 72$ a barrel... So, at $100 a barrel the gallon would be $3.95 a gallon...

But, this assumes that the Oil Companies will be 'happy' with a linear mark-up...

I don't think they will...

And, I think both political parties will gladly line their pockets with the greed...

I know I sound cynical... But, facts are stubborn things. And, the past track record gives me no hope whatsoever of positive change...

Mike Sr.

 

Price should be whatever buyers are willing to pay.

 

Willingness has nothing to do with it *if* I want to obey:

1 Timothy 5:8 But if any provide not for his own, and specially for those of his own house, he hath denied the faith, and is worse than an infidel.

I have to drive to work... I have to choice...

Buy gas or me and my whole family is in the street...

There must be a special lower hotter section in the down below just for Oil Company executives and Board Members...

Mike Sr.

 

It would make just as much sense, Mike Sr., to say there must be a special lower hotter section in the down below just for environmentally irresponsible people who commute 132 miles per day round trip to work and back.

You have a choice, Mike Sr. To do nothing to remedy your commuting situation is still a choice.

And your ignorance on the impact of the NYMEX contracts for oil and gasoline on the price of oil at the wellhead and on the price of gasoline at the pump is amazing. I suggest that you read up on the subject before posting further on the subject of this thread.

[ April 22, 2006, 12:06 AM: Message edited by: KenH ]

 

"The Danger of Speculation" LINK

 

Mike Sr.,

I want to apologize for my harsh remarks to you. In reading on the Internet concerning the price of gasoline, I didn't realize that so many people lived so far away from work, except in California.

In all of my 28 years since graduating from college I have never lived more than 10 minutes from work and would never consider living dozens of miles away from work regardless of what the price of gasoline was.

A lot of our work patterns in the U.S. were established based on cheap gasoline never ending. And who knew 20 years ago that non-oil industry speculators would use the NYMEX to drive up the price of oil and gasoline.

So best wishes to you, Mike Sr., and to everyone, in riding out this speculative bubble on the NYMEX until it bursts(provided Bush doesn't attack Iran).

 

The price should be where an elderly lady on a fixed income can live in dignity and not die in
a house for lack of air conditioning. As this globe or ours warms up due to the fact and facts that we have put billion of metric tons of fossil fuel into our atmosphere ..call it our slow burn Krakatoa.The big lie of the so called
"let the market decide" plays into the hands of lobbyist...OPEC....BIG CORPORATIONS ...and CEO'S with 100 million dollar stock options...it is a big lie that people have swallowed...the fix is in and those who are poor and elderly will suffer and die.

btw ,the debate over global warming is over and settled...we are and will get warmer perhaps sooner than you think.

Linkie

 

Thirty years ago the concern was about global cooling. Now the concern is about global warming. The earth's climate goes through warming and cooling cycles. These cycles are not caused by man's activities. And there's nothing man can do about these cycles.

 

That debate should start with a bow to reality, not cheap political pandering. The fact is, there's not much we can do about the surging price of oil except use less energy. The world demand for oil is voracious, and tight supplies are vulnerable to disruptions in unstable regions of the world. Another problem is that U.S. refineries are not back at full capacity after last year's hurricane damage on the Gulf Coast. Some are shut down temporarily to add federally mandated clean-air additives to gasoline.

It's not good politics to tell Americans they are part of the problem.

 

>Buy gas or me and my whole family is in the street...

There are alternatives. The Wife and I and 2 kids lived 2 years in a 23 ft travel trailer parked in camping club. Total cost including trailer and membership worked out to about $5/day net about 15 years ago.

Trade your house in on a class c motorhome and live in your company parking lot.

 

Interesting solution Bill... Not sure my test equipment, and tech library would fit, though...

Building security has quized me for being in the parking too early... So, I doubt living there would be viable...

Ken

Got a link to educate me?

The additive information came from a news report...

The pricing was stated as "assuming" a linear markup...


I know what I am paying doesn't compute when the Oil Companies keep posting UNGODLY Profits...

I still like the wag that encourages everyone to stop buying a single companies products until they lower prices. (Exxon/Mobile in this case)

Who knows if we were really united...

Mike Sr.

 

Here, I know some people who make six figure incomes who live in Airstream trailers that are left over from the 60's. Why? Because they don't want to spend their money to make concessions to "the man" in many cases. Some of them are commercial fisherment who don't see the need to spend $200,000 on a house they will occupy for 3 months out of the year and probably have sqatters the rest of the year.

I also know of a house nearby that is literally 49 square feet inside.

Not that I would choose to live either way, but it can be done. There are all sorts of ways to cut expenses

 

Sure, we can all live out of shopping carts and sleep under overpasses at night. Great solutions, guys.

Now if those pesky farmers would quit running all that farm equipment and all the truckers would just shut 'er down, that might help things, too.

BTW, has anybody priced RVs lately? How about Airstreams? Get real, people.

 

1) Sure.

http://quotes.ino.com/exchanges/?r=NYMEX_CL

http://quotes.ino.com/exchanges/?r=NYMEX_HU

2)Going after Exxon Mobil, or any other oil company, won't work. Gasoline is a fungible commodity.

www.snopes.com/politics/gasoline/gasout.asp

 

We don't need to boycott Exxon. They are pricing themselves out of the market, or at least the still privately-owned stores.

The one up the street here has regular at 2.89. Kroger, right next door, has regular for 2.85, minus .03 for using my plus card.

When I go into town (Houston), gas goes up to around 2.99 for regular.

The gas stations are becoming vacant.

Ken, I live 25 miles from work. It takes about an hour to get there in the morning and about as long to get home in the evening.

My last job was 24 miles from home. When not carpooling, and using the HOV lane, it would take at least 1 1/2 hours to get to work. When I was in college, I lived 32 miles from campus and it would take me over 2 hours to get there for the mid-morning classes.

Houston is a huge town, square-mileage wise. I believe it is something like 640 square miles. Most people commute because city-living is expensive.

 

I feel sorry for you folks that spend so much of your life stuck in a car - even if gasoline was $1.00/gal.

 

The price of gas should be what the market dictates within the framework of the United States using only the oil it can produce.

 

Yes. I own one RV, am thinking about buying another one, and may park an Airstream trailer on some land we're thinking about buying. Why do you ask?

BTW, being stuck in a car can be a worthwhile experience with books on CD, and audio Bible study CD's. When I used to drive for a living, I always had something instructional (or entertaining) on the CD (or mp3) player. The last time I drove across North America (DC to Atlanta to the end of the road here in Alaska), I listened to the entire Left Behind series, a book on physics, a book on history, and several Bible studies. (However, I can think of better things to do with my time than simply commuting.)

 

I think the price of oil should be whatever price the seller can get for it. It should be a supply and demand market.

We need to bite the bullet and find alternative fuels. If the Brazilians can do it, so can we.

I spent 30 years stuck in a car for a minimum of two hours a day. I thank God that I don't have to do it now.