Thread: Gas prices

Midcarolina, you know that oil companies have budgets like any company, even though you say otherwise. I would rather see oil companies make profits and not have to be bailed out with government bad checks adding to our deficit. What products do the banks make? All they do is hold money and loan it out for outrageous profits. I do like the price of gas to be lower, but in the long run it is going to hurt some people as much as the high prices helped some. I was on the I10 yesterday for about 100 miles round trip. Based on the number of vehicles, I don't see how consumption is down. Anyway, this has been a fun thread, in spite of getting past the original subject.

All I know is that BP is British Petroleum, Shell is Dutch and I think they are the 2 largest oil companies and those profits are going over seas now and they probably own as much oil rights here as anyone, Ask the farmers if they make more money with low fuel prices, barge freight rates go down. I dont think those guys in the oil fields were worrying about how much i was spending on gas a week when it was high, but im suppose to care about them now and they are probably making twice as much as I am . I hope gas gets to 1 50 and stays there for a while. The big oil guys make billions in profits each quarter, thats after expenses so I think they still have money to explore with.

Very interesting read U.S. Oil Exports Hit 57 Year High - Breitbart

First, Let me see if I can put this in a way that many of us that are not in the oil business feel..........

Dee F, Fuel is only one of the reasons prices of products and services are so high, The Gov. subsidizing ethanol production is another big factor.

oil field profits do not pay for employee's or production cost's profits are what they have AFTER everything is paid and are distributed to holders in the company.
( would I rather keep those huge profits in America or go overseas ) No I would rather Americans be able to keep their money and spend/invest how we choose.

dpisani, Who said anything about bailouts? ALL business's shoulr rise or fall on their own! Gov. should play NO roll in that what so ever!
Several people say lower gas prices mean lost jobs........ ( If so it is only because oil companies want to retain their margins of profit ) Cause if gas is cheaper people will fuel their boats up and go crappie fishin more, Or decide to go see Grandma every weekend rather than once a month etc. which means more consumption would should mean job security................

The bottom line is this...........it is going to take the wheels completely falling of the wagon to the point the Gov. cannot bail ANYONE out, Those who know how to survive will....... those that don't.....well won't! then and only then will this country get back to what made it great in the first place................

Free Minners!!!!!!!

Originally Posted by BigRiverMarine

Free Minners!!!!!!!

Yep, with what i saved the other day I can fesh all week ifn Nader ever gets some more water in it!!!

Your right...I can buy more minners and cigars now.

Midc, My point on the bailouts, was that the oil conglamerates that you mentioned,as well as ExxonMobil, whom I retired from, did not get bailed out in 2008. As you said that is how it should be. The profit margin of major banks is larger than the oil companies. Major oil will survive. The ceo of ExxonMobil said they are good to $40 a barrel. But a lot of the oil companies are small and will stop temporarilly or go out of business because there will be no profits.(most business is in it for profit) Then loss production will cause the overstock to fall and prices will rise. It is a viscious cycle. I'm not gonna go under, but was just trying to show there is also a down side to lower gas prices. I certainly like spending a couple hundred a month less on gas. I also agree the govt. should not subsidize corn growers, to force a product on us that performs worse and costs more.(although it probably has helped outboard repair shops) As far as more people filling up to go fishing, down here I don't know where we can put them. I haven't noticed any tail off of fishermen or for that matter traffic, because of the higher gas prices. Hope you catch a bunch!!