Alaskan Pipeline Corrosion

[_RaT_]

Too high for what? If your question is "when do I think the price is too high?" my answer is "it is too high when less is being sold than is available and the companies that process/store/crack/refine it start to have a surplus".

EXACTLY! Order up that brownie button for Wayne. Did you take Econ 101 at the same school as me?

 

[scesnick]

Thank you for having the decency to answer one of my questions. If I've read your response correctly.

2. Who will set this amount? The Government (Congress) will determine what a fair profit is by implementing a windfall profits tax.

The situation in the early 70s was different. There were oil shortages then and Nixon's price controls made the situation worse. I know, I lived through it.


Perhaps you didn't mean it this way, but this statement implies that people who disagree with you are burying their heads in the sand.

No, I did mean they do not see the price hikes. I meant that we should just go on with letting the price spiral out of control and just chalk it up to as " Business being Business" and go on like nothing can be done about it.

 

[scesnick]

I'm talking about you personally. At what price will you have to say. O.K. this is not going to cut itanymore I am paying $X a gallon and my business can not survive if I have to keep paying #XX a gallon. You know what I mean.

 

[_RaT_]

I'm talking about you personally. At what price will you have to say. O.K. this is not going to cut itanymore I am paying $X a gallon and my business can not survive if I have to keep paying #XX a gallon. You know what I mean.

Something will change. Your consumption will reduce be it from fewer trips or better mpg just as it will for your neighbor and the next state over. This is not unique to the US by the way. Demand goes down, a surplus is created and the price will go down. I have not seen anyone or know of anyone who has reduced their driving habits in my area resulting in less demand. We are no where near that point yet. It was said back in the early 90's that it would take about $5 a gallon before folks drastically changed their driving habits, I'll bet it is up some from that. Until then, prepare for higher energy costs. The rest of the world already knows this (look at the vehicles they prefer to drive), were still suffering from sticker shock.

 

[livincountry]

As a matter of fact the largest trucking company ( Schnieder) is already shutting down for one day and fuel is only at $3.10 now !!!!
So what is your personal price????

I'm not doubting you but can you point me to that news on the web? I searched and couldn't find it. That is HUGE and hasn't made the news that I've heard. I used to own a couple rigs and when diesel was $1.46 on average for a 12 month period I was just getting by and that was a few years ago. I know the surcharges have gone up but yikes I'm glad those rigs are out of my life.

Someone check my math: my Detriot 60 Series in 9 speed Freightliners averaged 6 mpg. If you run 60 mph that is 10 gallons of fuel consumed per hour of highway travel. At $3.00 per gallon that's $30 per hour of COST not including, repairs, PM's, depreciation, driver wages.

 

[LMTC]

http://www.schneider.com/cgi-bin/RnewsMain.cgi

news page for Schneider National


http://www.schneiderstrucking.ca/news/news.htm

news page for Schneider Trucking

Didn't see anything there, but perhaps the poster will point us to it.

 

[WhyNot]

Folk's
After reading this thread I figure I will put my 2 cent's in. I work for a large corporation that is heavily regulated by the government. After working in this environment for about 5 year's now I can honestly say that you and me as consumer's do not want any gov't regulation on anything. Example someone made the point about Mabell and the break up Since that time Japan and other nation's have blown past our communication's network to an all fiber or wireless network. The reason being govt reg. has created a world whereas the larger telco's place all their money into the new technology only to have to lease it to the smaller companies fat or below cost which forces the large telco's not to invest in new technology until recently. This has nothing to do with oil but is the best example I could come up with to show how gov't reg. is not good.

Now as far as the record profit's are concerned I look at it like this, It is the job of every buisness owner/CEO to make sure their company is profitable. If there are record earning's (no matter how high) to be had they better take it because they don't know what will happen tomorrow it just happen's that the oil companies have a product that is in very high demand right now and are getting all the press since oil is something that everyone need's. The only way to fix this is to decrease the demand but, I and a lot more like me don't want to change my lifestyle because of a few extra dollar's a week not to mention all the new homes being constructed that need oil to heat them and the contractor's that need the oil to build them. Also as mentioned by Eddie the gov't makes more off the oil than the oil companies do but, nothing get's said about that. How about the gov't quit's wasting money and using the saving's to reduce the price of oil?

This was not a post meant to bash the gov't or to say the prices are to high but, I just wanted to put my two cent's to hopefully help see this heated topic in a different light.

 

[NewToy]

Or we could put the folks adrift on that iceberg that have prevented us from developing our own reserves in Colorado and ANWR so that we would have better sources. Why is it ineptitude? Stuff has to be fixed. Buildings shut elevators down all the time for maintenance. If there were building environmentalists who fought to allow only one elevator per building, then there would be no running elevators when the one was down for routine maintenance. If there wasn't so much opposition to drilling and building pipelines and refineries, this shut down would have far less impact.

Let me see if I can clarify for you.
Pipelines are not the same as elevators. Since they have many fewer regulatory angencies looking up their pipe.
The only people objecting to building more refineries are the oil companies.
The pipeline has been problematic for years, hence the ineptitude. They can't even estimate the repair time, hence the iceberg.
Regards,

John

 

[ducati996]

Ducati, that sure doesn't make much sense to me. Most of us ask questions when we don't know the answers and hope someone else does. Personally, I thought Mike asked some good questions and I'd like to hear any possible answers. Do you really think a person should not ask a question without answering his own question.

The question was loaded and the position was already evident with the tone of the question, so I choose not to answer - not because there is no answer.

 

[ducati996]

There is no price at which I believe any government entity should intervene.

Well you will think different when the economy goes full boar into a recession and nobody buys your tractors - because they cant afford the diesel or your prices....thats when you will cry....and I will say sorry dude you should have not been in the service industry -

Its clear that there are those who feel they have enough wealth and affluence to ride out any storm. I dont and will never flaunt it and their positions of it being fair market or capitalism at its best, and to leave it alone just unnerve me to know end. Im tired of seeing folks get screwed over a barrel (friends and family) especially when there is zero choice in the matter -again there is no choice - contrary to what LMTC thinks - you still here for more abuse?