โJul-23-2015 04:14 PM
โJul-25-2015 12:42 AM
wa8yxm wrote:To put some perspective in the discussion, who is the world's largest oil producer? The USA.
There is a political statement I will not make here.... But.
The oil companies cry about the high price of crude from overseas.. Which we could get by quite nicely without if we wished (The reasons we still import are political and thus I will not discuss them here).
But every quarter the Kotch Brothers post record breaking profits for their oil comnpanies... Something is clearly wrong here..
And there is so much more political stuff involved as well.
โJul-24-2015 06:51 PM
Trackrig wrote:
We've all watched the price of fuel drop slowly when there's a glut of crude oil and then watch the price of fuel jump overnight when the price of crude goes up. This is old news.
Something I've been watching for a while is why the price hasn't (particularly of diesel) been going down more with the excess of crude production vs usage? My thoughts have been that the refiners have been charging more and more.
Here are two quotes from a Seeking Alpha story a few minutes ago:
* Even as the E&P and oilfield services sectors have slumped again, stocks of refiners such as Valero Energy (NYSE:VLO), Tesoro (NYSE:TSO), Marathon Petroleum (NYSE:MPC) and Western Refining (NYSE:WNR) have jumped 25% or more YTD.
Their stock price is way up because they've been generating a lot more profits.
* West coast refiners are big winners right now: Earlier this month, according to Credit Suisse, regional refining margins hit almost $60/bbl, - higher than the oil price itself.
That's a lot of profits, and growing.
Bill
โJul-24-2015 03:50 PM
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โJul-24-2015 09:21 AM
RV-1/2n-FUN wrote:If the bureaucrats would trim the fat and cut the waste, there would be no need to raise fuel taxes. That goes for all the state and federal ignoramuses. :M3oaks wrote:
Here in Pennsylvania, as the price of gas at the pumps drop, our governor adds more tax per gallon. The consumer can't win. :M
More fuel efficient cars + all electric cars = less or no taxes collected so taxes raised.
โJul-24-2015 08:21 AM
โJul-23-2015 07:25 PM
โJul-23-2015 06:45 PM
3oaks wrote:
Here in Pennsylvania, as the price of gas at the pumps drop, our governor adds more tax per gallon. The consumer can't win. :M
โJul-23-2015 06:10 PM