Exxon record profits again

[Sully2]

Simple free market economics makes most "price gouging" a myth. If I gouge you at the pump, brand X will come in and undercut me and still make money causing me to lower my price to sell more product.

Most of the prices are jacked up by speculators in the market. The same would be true if grain was a valuable commodity. I wonder if everyone would have a fit if Corn went up to $5/bushel or soybeans went to $15/bushel. Now the farmer's profit margins would increase and would we be looking to hang them out to dry like the oil companies and say the farmers were "gouging"?

Amen to that!!!

 

[beagdog]

Going to be real interesting to see what the effect of shutting down Prudhoe Bay will be on supply and demand pricing. Here's comes $4 a gallon.

http://ap.cjonline.com/pstories/20060807/78427512.shtml

 

[SkyPup]

$4 Plus a gallon after the next Gulf hurricane, if you can find any to purchase.....

 

[Doc_Bob]

Going to be real interesting to see what the effect of shutting down Prudhoe Bay will be on supply and demand pricing. Here's comes $4 a gallon.

http://ap.cjonline.com/pstories/20060807/78427512.shtml

If we had only started to drill in ANWR!
Bob

 

[slowrev]

ANWR would take a while. Have to build a new pipeline and all. The other pipeline has lived longer than it's engineered lifetime. Hmm poor planning I suppose letting it corrode away while there is still oil to be piped.

 

[Doc_Bob]

ANWR would take a while. Have to build a new pipeline and all. The other pipeline has lived longer than it's engineered lifetime. Hmm poor planning I suppose letting it corrode away while there is still oil to be piped.

Yes, ANWR would take time. But since it has been (2??) years since the DEMS said no to ANWR, we are now 2 years farther behind at this time. Better a Caribou get a break than a fellow getting to work in his vehicle.

Soap box off.
Bob

 

[monkeymonk]

Yes, ANWR would take time. But since it has been (2??) years since the DEMS said no to ANWR, we are now 2 years farther behind at this time. Better a Caribou get a break than a fellow getting to work in his vehicle.

Soap box off.
Bob

If you think really really hard you can see just WHO is really behind the times??it's really not hard

could it be multinational corporations? Consumers? Big Money? Demand? Peolpe,change?

Untill people get off their Duff's than Exxon and all the big money corps will fleece the people and have them running in circles blaming each other for the madness. Oil dependency is like alcoholism and you can charge any price for alcohol.

Don't even know why I'm responding to this it must be the Blame factor and the short term ANWR answer.........?

The fellow going to work can Buy an electric car/truck and plug it into his solar aray........ if he chooses to.Untill I do I don't mind paying $4 a gallon even $5.

Cowpie1 said it pretty well

Good luck!

 

[slowrev]

Yes, ANWR would take time. But since it has been (2??) years since the DEMS said no to ANWR, we are now 2 years farther behind at this time. Better a Caribou get a break than a fellow getting to work in his vehicle.

Soap box off.
Bob

And how long has BP known about the pipeline corrosion problem ? On a pipeline that has already outlived it's engineered lifetime.

 

[dmccarty]

And how long has BP known about the pipeline corrosion problem ? On a pipeline that has already outlived it's engineered lifetime.

And what do you do about the corrosion if you do know? Shut down the whole thing to rebuild? Or just run to failure and rebuild.

And why was the pipeline designed to last as long as it did? Did they find more oil which kept the pipeline going?

Did they plan for a second pipeline and it did not get built for a variety of reasons?

I have not seen a article asking those questions much less providing the answers. Does anyone know?

Last week I paid 2.99 for a gallon of diesel. Last night the price was not up on the sign. This morning the price was at 3.05.

The WSJ had an article awhile back on the Colonial pipeline that was shutdown by Katrina. The region served by the pipeline, which is a good chunk of the eastern US, was within 24-48 hours of having NO fuel. They literally got the pipeline running with only a day or so of fuel supplies left in storage... How much would a gallon be worth then?...

I really don't want to know the answer to THAT question.

Later,
Dan

 

[SkyPup]

The Colonial pipeline was a forced shutdown due to lack of electricity to operate the pumps.....