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BFS
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Posted: Sun May 11th, 2008 05:52 pm | 21st Post |
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exavid wrote: redbaron wrote: Heres something to chew on Exxon Mobil made over 40 Billion dollars PROFIT last year, and none of it went into lower prices or drilling new wells etc...40 Billion dollars ...What could you do with that kind of money ??????
That's still a specious argument unless you know how much that 40 billion dollars cost Exxon to get. On average an oil company in the US makes about $0.08 on each dollar of the retail price. So $3.60 per gallon gas like we have here means the oil company makes a profit of $0.28 cents. The combined Federal and Washington State tax on that gallon of gasoline is $0.54 per gallon. You might notice that the taxing authorities that do nothing whatsoever to produce a pint of that fuel get twice as much money from it as the oil company does. So who is making the money?
Look it up for your own State. http://www.washingtongasprices.com/tax_info.aspx
You are wrong about Exxon not spending money on exploration, drilling or other efforts at production. They spend millions in court and lobbying Congress trying to get the right to drill where we know there's oil like ANWR in Alaska, The Gulf of Mexico where Mexico is drilling like mad, and off the California coast. They spend millions fighting rabid environmental groups who try to kill any effort to find new oil. It's a cheap shot to blame the oil companies for the run up, there are a lot of other parasites that are causing the price increases.
Kinda ironic isn't it that Canadians pay so much for gasoline when Canada is our second largest supplier of petroleum. We buy gas made from Canadian oil much more cheaply than the Canadians themselves do. You think that's the fault of oil companies too? Not by a long shot.
Well said that man.
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93 GL1500 SE
I complained because I had no shoes, til I met a man who had no feet.
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lostinflorida
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Posted: Sun May 11th, 2008 07:00 pm | 22nd Post |
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Alot of the oil underground is not easy to get oil. They love it where it squirts up under it's own pressure. I saw a report on PBS that says the majority of the fields will only get 25% out before they say it's too costly to get any more.
Canada has alot of I believe they call it oil sand or is it oil shale, that is very difficult get it out of.
My biggest argument is that we know that even if global warming is jus a figment of Al Gore's imagination, that the polution isn't good for man or beast.
They will never worry about developing an alternate to hydrocarbons as long as the profits are being made. They have a system in place to drill for oil, ship the oil, refine the oil, sell the oil and then burn it up. Till it's all gone, we better get used to getting oiled up and getting the shaft. 
We need to get back to being the big producer of food like we used to be, then we might have something to negotiate with.
It's also a touchy subject, but I would be willing to pay more for gasoline like our Northern neighbors, if I didn't have to pay when I needed medical care. Even if they put me on the waiting list for something major.
Last edited on Sun May 11th, 2008 07:05 pm by lostinflorida
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BFS
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Posted: Sun May 11th, 2008 08:17 pm | 23rd Post |
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lostinflorida wrote: Alot of the oil underground is not easy to get oil. They love it where it squirts up under it's own pressure.
Spot on
I used to work on a rig when the reservior was sub hydrostatic. One of our well guys was quoted as say a particular well "sucked like a Thai hooker"
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93 GL1500 SE
I complained because I had no shoes, til I met a man who had no feet.
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Wingle
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Posted: Sun May 11th, 2008 09:48 pm | 24th Post |
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| Gas is $133.9 a litre in Victoria BC, 122.4 in Duncan
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pidjones
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Posted: Mon May 12th, 2008 01:31 am | 25th Post |
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I know that MOST of the world seems to pay more for gas than the US. Exavid's charts indicates that we only pay 40-50 cents per gallon (on average) of this in taxes. What do the rest of you pay? Something tells me that most of the rest of the world is paying a hefty surcharge for the privilege of running internal combustion engines. Now, It might be well worth it, if it underwrites a great nationwide public transportation system (which we are sorely in need of here in the states).
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BFS
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Posted: Mon May 12th, 2008 01:37 am | 26th Post |
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This is from the other thread, but it's more relevant here I think.
What I did find was this though, and it explain things very well
http://www.pistonheads.co.uk/gassing/topic.asp?h=0&t=525347
Scroll down to a post by lambogenie (2/3 way down the page), and then slightly further down to orangecurry's post.
It's a myth perpetrated by the govt and the media (which the govt drive!) to take the attention away from the tax revenue. Remember too that Gordon Brown DOUBLED tax on North Sea oil companies in 2005 too. The govt make money on our fuel. The oil companies make money from a million other uses of oil and gas.
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93 GL1500 SE
I complained because I had no shoes, til I met a man who had no feet.
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Jocke
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Posted: Mon May 12th, 2008 04:28 am | 27th Post |
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pidjones wrote: I know that MOST of the world seems to pay more for gas than the US. Exavid's charts indicates that we only pay 40-50 cents per gallon (on average) of this in taxes. What do the rest of you pay? Something tells me that most of the rest of the world is paying a hefty surcharge for the privilege of running internal combustion engines. Now, It might be well worth it, if it underwrites a great nationwide public transportation system (which we are sorely in need of here in the states).
Well you americans don´t know how good you have it. Here in Sweden the price for a litre of unleaded 95 octane petrol is SEK 13:29. In that price the petrol cost is the smallest part. The goverment is charging SEK 5:29 in energytax and carbondioxidetax and on top they take out a 25% VAT. Let´s see if I can break it down properly.
SEK 13:29 > of which SEK 2:66 is VAT leaves SEK 10:63 > of which the gov is responsible for SEK 5:29 in taxes leaves us at SEK 5:34 for the actual petrol per litre.
Off that is about SEK 0:50 depending on if you are filling up on a manned or unmanned station.
SEK 1 = £0,08 = €0,11 = $0,16
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lostinflorida
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Posted: Mon May 12th, 2008 12:11 pm | 28th Post |
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While having a Mother's Day dinner at my brothers yesterday we got to talking fuel prices.
He works on a tomato farm here in Manatee County. The farm owners have tomato farms all over the US. He said they are anticipating gas prices to not stop climbing until it hits the $7.00 range. Probably expecting it to take two years to do that.
He compared the economy to a tennis match, right now the two players are fuel on one side and corn on the other side.
Everything we deal with one way or another is effected by one or both of those commodities.
If gas does hit that price, Detroit better have shifted gears and be making small cars with great fuel mileage or else Japan, China and Korea with eat us alive.
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exavid
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Posted: Mon May 12th, 2008 04:57 pm | 29th Post |
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| Perhaps the tennis match analogy might result in the idea of government leaving prices alone and letting the market settle.
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Sandy Eggo
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Posted: Mon May 12th, 2008 11:06 pm | 30th Post |
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If gas does hit that price, Detroit better have shifted gears and be making small cars with great fuel mileage or else Japan, China and Korea with eat us alive.
I'm afraid it might be too late. Japan, China, and Korea are already eating the "Big 3" alive."
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nomados
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Posted: Tue May 13th, 2008 03:40 am | 31st Post |
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pidjones wrote: I know that MOST of the world seems to pay more for gas than the US. Exavid's charts indicates that we only pay 40-50 cents per gallon (on average) of this in taxes. What do the rest of you pay? Something tells me that most of the rest of the world is paying a hefty surcharge for the privilege of running internal combustion engines. Now, It might be well worth it, if it underwrites a great nationwide public transportation system (which we are sorely in need of here in the states).
Canada avg. is 35% gas tax according to Petro Canada.
So that's a pre-tax price of $3.46 a gallon, with exchange rate etc.
Last edited on Tue May 13th, 2008 03:51 am by nomados
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axelwik
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Posted: Wed May 14th, 2008 09:29 pm | 32nd Post |
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Federal tax is about 18 cents per gallon, but the states tack some on too.
I don't mind because it pays for upkeep of the roads.
Last edited on Wed May 14th, 2008 09:30 pm by axelwik
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Wingle
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Posted: Thu May 15th, 2008 12:01 am | 33rd Post |
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axelwik wrote: Federal tax is about 18 cents per gallon, but the states tack some on too.
I don't mind because it pays for upkeep of the roads.
From what I've been reading about roads down there, 18 cents just doesn't cut it, and I thought I had stuff to miss on the road here apart from divots, deers and dogs.
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Silverfox
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Posted: Thu May 15th, 2008 08:41 am | 34th Post |
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Just to add the squeeze on us, I have just read that our domestic fuel charges are set to rise by a minimum of 25% and may rise by as mush as 50% by Christmas.... now that is really goona hurt folks here!!!!
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siataukreg
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Posted: Thu May 15th, 2008 11:11 am | 35th Post |
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| Friend of mine his son works in one of the arab countries and said the guy he works for looking after his race horses fills up the rangerover for get this under £10
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Silverfox
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Posted: Thu May 15th, 2008 11:47 am | 36th Post |
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I didn't want to hear that !!!
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Pete
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diamondmarco
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Posted: Fri May 16th, 2008 05:09 am | 37th Post |
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We're at $9+ a gallon, and $10+ for high test here in Germany. We're also expecting large increases within the next month. I'm driving my Mercedes 600SEL (12 cylinder  ) less and my GL1500 more. Duhh
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wexman
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Posted: Sat May 17th, 2008 07:10 am | 38th Post |
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| I have just come back from a trip to France and it cost $11.20 (yes dollars) a gallon and diesel was around $10 a gallon .. I believe it is going up again here in Ireland this week ..Ciaran
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wingnut
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Posted: Sat May 17th, 2008 08:27 am | 39th Post |
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| Yes it's about $9 a gallon here at the moment for petrol, $10 for diesel.
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Sandy Eggo
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Posted: Sat May 17th, 2008 01:49 pm | 40th Post |
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As you can tell from my screen name, I live in San Diego. I was talking with a guy at work yesterday who just recently bought a diesel pickup. The topic of fuel prices came up, and I asked him how he was dealing with diesel fuel at $4.75/gal. He said he doesn't pay that, instead he goes across the border into Mexico and fills up his truck for $2.10/gal.
I know we pay a lot in tax here in California, but if part of the increase in fuel prices is the weakness of the dollar, why would fuel cost less than half in Mexico? Could it be that their oil companies aren't recording record profits?
It certainly isn't worthwhile to cross the border to fill the tank on the bike, but when the time comes to fill up my diesel pickup, knowing I can save well over $100 by crossing the border, it makes sense.
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