Exxon caught red handed raping the public!!!!!!

[PKitzman]

John, I guess I am not going to change your mind on your views.



Just keep in mind that if you stop using Big Oil's fuel things will get better. Imagine what would happen if the US cut gas/diesel consumption in half. Suddenly all the bottlenecks would be gone and Big Oil would be having a fire sale to get rid of some fuel. That is where you would find out exactly how much it costs to make a gallon of fuel.



I'm personally going to start making a sh**load of biodiesel. Time to take my own chunck out of "Big Oil". Something tells me there may be a little money in this fuel production business.

 

[Sled Dog]

Hey folks, Hope you dont think I am trying to stir the pot. Understand that Exxon is meerly in a place to take advantage of a greater issue. That issue is that China is the largest competitor for commodities than any other country has been in the past. More oil, copper, gold ,silver etc . etc. is being purchased by China in its recent entry into industrialization and consumerism. Unfortunately, there is not an infinite amount of anything. If you use IT you are subject to supply and demand and the related pricing structure. Hope this helps. Greg

Remember, China is the Worlds #2 energy producer, and uses only 6% of world production.



USA uses 25% of world production, shouldn't we get a volume Discount?

 

[MCummings]

I'm personally going to start making a sh**load of biodiesel. Time to take my own chunck out of "Big Oil". Something tells me there may be a little money in this fuel production business.

If you really are, I'm in too!



Merrick

 

[john3976]

But, that would be WalMart, and everybody is ****** at them too. Seems if somebody owns a successfull business we want to take it away from them...



Merrick

Sam Walton's kids are nothing but a bunch of money hungry grubs, you used to go into a Walmart and find all kinds of Sam's Choice products that proudly stated they were made in the USA, but as the Kids got control and when Sam died, it was screw the USA where can we get the same thing 3 cents cheaper, China, thats were they went.



Walmart did not start out like Mr. Walton's kids turned it into.



I want all American businesses to be successful, but there comes a point when they start making more more money then they can put back into the company, that it is time to lower the prices of their goods.



Instead what I am reading in here is a bunch of yuppies whom grew up conditioned to think that there is never enough money or profit and by god if we can stick the public with 36 billion this year lets see if we can pump them for 45 billion next year.



Mark my words Exxon will record profits in excess of 43 billion dollars next year and the price we pay at the pump will be even higher then the $3. 00 a gallon that is turning up across the nation right now.

 

[john3976]

Looks like Big Oil is going to start early on their profit taking season!



The price of full service high octane gas reaches $4. 049 dollars per gallon Thursday, April 20, 2006, at a gas station in Beverly Hills, Calif.

 

[john3976]

Get ready for the nation to fall into a recession and soon after into a full blown depression, its comming, make no bones about it! Thank you Big Oil, while you are rolling around in Billions of Americans money, you do nothing to invest those profits to help America.



Local Stations Run Out Of Gasoline



POSTED: 6:48 am EDT April 20, 2006

UPDATED: 6:17 pm EDT April 20, 2006



Email This Story | Print This Story



Gas stations in three East Coast states ran out of fuel on Thursday as gas prices soared. Shortages were reported in Delaware, New Jersey and Pennsylvania on Thursday afternoon. They could last as long as 30 days.



NBC 10 was live at one gas station when the pumps went dry at rush hour.





Slideshows:



Pictures Of Empty Gas Pumps

Gas Prices, From 1950 To 2006

Gas Prices Costs In Other Nations

Best Gas Mileage Vehicles

Worst Gas Mileage Vehicles



An NBC 10 news team was at a Wilmington, Del. , gas station on Thursday afternoon, where reporter Bill Baldini informed drivers pulling up to the pumps that the station was on empty.



Closer to home for NBC10.com, a Luk Oil station just blocks from our station was out of gas as news trucks hit the street to report the Thursday afternoon news. Stations on the Admiral Wilson Boulevard in New Jersey and in several Pennsylvania areas are also out of fuel, or only selling premium fuel, AAA told NBC 10.



AAA spokeswoman Cathy Rossi told Baldini that the shortages were due to "logistics. "



She said that a switch from MTBE to ethanol as a fuel additive is causing the shortages, and that more ethanol was in transit to refinieries.



Rossi said the shortages were expected to be temporary.



By temporary, AAA and other experts said the shortage situation could be for as long as 30 days. The news was unwelcome to drivers who saw a big jump at the gas pumps overnight. On Thursday morning, NBC 10 reported that prices at some local gas stations had hit $3 per gallon.



An NBC 10 news van stopping in Conshohocken, Pa. , saw gas selling for $3. 09 for a gallon of regular unleaded at a local station.



Don't expect those prices to go down in the near future.



Overseas on Thursday, crude oil prices hit a new record intraday high of $72. 49 after weekly data showed a drop in U. S. gasoline stocks.



This is raising worries that refiners don't have an adequate inventory cushion ahead of the peak summer driving season.



The previous record intraday price, set Wednesday, was $72. 40 a barrel.

 

[BigPapa]

You might want to do a little Googling. How many platforms were sunk and are unsalvagable? How many are still undergoing rebuild?

How about a little internet search? (I prefer www.dogpile.com) From this website:



http://www.rigzone.com/data/utilization_region.asp



this chart shows that we are only down 6 rigs from a year ago. That's including 4 rigs that were a total loss. That's BEFORE the hurricanes.

The difference is - you have one set of electric lines running to your house while you have any number of filling stations to choose from.



Rusty

I also have only one telephone line running to my house but there seems to be no end to the companies wanting me to switch service to them.



Scott

 

[Steve Graham]

• How much does the person that owns the oil or owns the property the oil is drawn from make?
  
• How about the person getting it out of the ground?
  
• The person who transports it to the refinery?
  
• The person who owns the refinery?
  
• The person that distributes the refined fuel?
  
• And finally the person who sells the fuel?
  

Gets kind of mind boggling doesn’t it? Now, how about the same question with electricity? Ooh………………………. ?



Scott

With a little bit of googleing (very little) I came up with THIS



Lots of info.

Steve

 

[Jaysyl]

Get ready for the nation to fall into a recession and soon after into a full blown depression, its comming, make no bones about it! Thank you Big Oil, while you are rolling around in Billions of Americans money, you do nothing to invest those profits to help America.



Local Stations Run Out Of Gasoline



POSTED: 6:48 am EDT April 20, 2006

UPDATED: 6:17 pm EDT April 20, 2006



Email This Story | Print This Story



Gas stations in three East Coast states ran out of fuel on Thursday as gas prices soared. Shortages were reported in Delaware, New Jersey and Pennsylvania on Thursday afternoon. They could last as long as 30 days.



NBC 10 was live at one gas station when the pumps went dry at rush hour.





Slideshows:



Pictures Of Empty Gas Pumps

Gas Prices, From 1950 To 2006

Gas Prices Costs In Other Nations

Best Gas Mileage Vehicles

Worst Gas Mileage Vehicles



An NBC 10 news team was at a Wilmington, Del. , gas station on Thursday afternoon, where reporter Bill Baldini informed drivers pulling up to the pumps that the station was on empty.



Closer to home for NBC10.com, a Luk Oil station just blocks from our station was out of gas as news trucks hit the street to report the Thursday afternoon news. Stations on the Admiral Wilson Boulevard in New Jersey and in several Pennsylvania areas are also out of fuel, or only selling premium fuel, AAA told NBC 10.



AAA spokeswoman Cathy Rossi told Baldini that the shortages were due to "logistics. "



She said that a switch from MTBE to ethanol as a fuel additive is causing the shortages, and that more ethanol was in transit to refinieries.



Rossi said the shortages were expected to be temporary.



By temporary, AAA and other experts said the shortage situation could be for as long as 30 days. The news was unwelcome to drivers who saw a big jump at the gas pumps overnight. On Thursday morning, NBC 10 reported that prices at some local gas stations had hit $3 per gallon.



An NBC 10 news van stopping in Conshohocken, Pa. , saw gas selling for $3. 09 for a gallon of regular unleaded at a local station.



Don't expect those prices to go down in the near future.



Overseas on Thursday, crude oil prices hit a new record intraday high of $72. 49 after weekly data showed a drop in U. S. gasoline stocks.



This is raising worries that refiners don't have an adequate inventory cushion ahead of the peak summer driving season.



The previous record intraday price, set Wednesday, was $72. 40 a barrel.

THE SKY IS FALLING!!! THE SKY IS FALLING!! :--) :--)

 

[DOWG]

One more time.



Oil would have to be about $80 a barrel to equal the price of oil per barrel (adjusted for inflation) during the 1973 Arab oil embargo. The economy is fine and can handle the increase in price. It better, because it is going to be a looooooong time, if ever, before we see $50 a barrel again.



I make a good living at $40 a barrel.



Today's oil prices = Junior's college education, a house for Mama, money to support Mama's unemployable side of the family and a 2006 Mega Cab for me. Not to mention, I have already paid over $50,000 in federal income taxes this year.



Oh yeah, I forgot; a new motor for the boat. Hehe.



In 1986, oil was $6 a barrel and I was laid off. Nobody offered to help my family and I (not complaining, just saying).



By the way, my oil company has 14 employees (Big Oil?).



To answer another fellows question about profit on a barrel of oil, by the time I find, drill it, operate it (monthly costs) and sell it, it costs me about $3 a barrel (no refining costs, based on the drilling and operating cost of shallow 4000 foot well). I can't control the price, but I am darn sure gonna sell it for as much as I can get. Most wells drilled in this country are 10,000 feet and deeper. No, the increased cost for deeper wells is not linear, it's logrithmic.



Anyway, I take no real pleasure in the super high price for oil, in that, I don't wish misery on anyone. However, the price of everything goes up with time (supply & demand) and quite frankly the price of fuel in this country has been very low for a long time. With all due respect; get used to it, because it is going to get worse and there is not much anyone can do about it anytime soon.



Sorry guys, happy motoring!

 

[Sled Dog]

One more time.



Oil would have to be about $80 a barrel to equal the price of oil per barrel (adjusted for inflation) during the 1973 Arab oil embargo. The economy is fine and can handle the increase in price. It better, because it is going to be a looooooong time, if ever, before we see $50 a barrel again.



I make a good living at $40 a barrel.



Today's oil prices = Junior's college education, a house for Mama, money to support Mama's unemployable side of the family and a 2006 Mega Cab for me. Not to mention, I have already paid over $50,000 in federal income taxes this year.



Oh yeah, I forgot; a new motor for the boat. Hehe.



In 1986, oil was $6 a barrel and I was laid off. Nobody offered to help my family and I (not complaining, just saying).



By the way, my oil company has 14 employees (Big Oil?).



To answer another fellows question about profit on a barrel of oil, by the time I find, drill it, operate it (monthly costs) and sell it, it costs me about $3 a barrel (no refining costs, based on the drilling and operating cost of shallow 4000 foot well). I can't control the price, but I am darn sure gonna sell it for as much as I can get. Most wells drilled in this country are 10,000 feet and deeper. No, the increased cost for deeper wells is not linear, it's logrithmic.



Anyway, I take no real pleasure in the super high price for oil, in that, I don't wish misery on anyone. However, the price of everything goes up with time (supply & demand) and quite frankly the price of fuel in this country has been very low for a long time. With all due respect; get used to it, because it is going to get worse and there is not much anyone can do about it anytime soon.



Sorry guys, happy motoring!

Gee, if oil was $6. 00 a barrel in 1986, I wonder why gas wasn't 30 cents a gallon?

 

[DOWG]

"Gee, if oil was $6. 00 a barrel in 1986, I wonder why gas wasn't 30 cents a gallon?"



Well, it costs about $4 to transform 1 barrel of oil into 19. 4 gallons of gasoline. This is about $0. 21 a gallon just to make the stuff, no transportation, etc. (increased fuel costs for transportation to the gas station, anybody?) You do the math.



There is no such thing as a "barrel of oil". It is a unit of measure like a pound. A barrel of oil is 42 gallons. A "drum" is 55 gallons. A single barrel of oil produces 19. 4 gallons of gasoline.



Mr. Duramax, riddle me this: what weighs more; a pound of feathers or a pound of lead?



Here is the typical breakdown in gallons per barrel of oil (WTI):



Gasoline 19. 4

Distillate Fuel Oil 9. 7 (Includes both home heating oil and diesel fuel)

Kerosene-Type Jet Fuel 4. 3

Coke 2. 0

Residual Fuel Oil 1. 9 (Heavy oils used as fuels in industry, marine transportation, and for electric power generation)

Liquefied Refinery Gases 1. 9

Still Gas 1. 8

Asphalt and Road Oil 1. 4

Petrochemical Feedstocks 1. 1

Lubricants 0. 5

Kerosene 0. 2

Other 0. 4



Please note; not all crude oils are the same. Middle eastern oil is quite "heavy" so you get less gallons of fuel and more road tar. On the other hand, "West Texas Intermediate", (what I produce and sell) the benchmark U. S. crude oil is very light and makes the 19. 4 gallons of gasoline.



Oh darn, the environmentalist wackos don't want us (and have been relatively successful) to drill for oil in our own backyard. You want to talk about a conspiracy "to rape the public"? The democrats and the wacko's are a huge part of the problem for John Q. Public.



By the way, I am drilling 4000 foot oil wells on salt domes in Brookshire, Texas. Gonna drill about 25 oil wells this year. The landowner gets a 30% Royalty. For those of you who drive a Duramax, that means I pay 100% of the drilling and operational costs of the well and only get 70% of the production; the land owner gets 30% of all the money that comes out of the ground. The great State of Texas gets about 8% in taxes (who's eating my pie?) I have drilling partners, so I don't get all the money, and of course there are those pesky dry holes. However, I can darn sure run the air conditioner full blast to keep my beer from getting warm!



50 barrels of oil per day (one well) @ today's prices = about $25,000 per month for the happy landowner (a Houston trial lawyer, go start a new thread on how the lawyers screw us, err, the little guy. hehe... ... ... ... )



Smoke'm if you got'em. (Oops, can't do that either!)



Anyway, read it and weep; the end of cheap oil is here.



Happy Motoring!

 

[Champane Flight]

Come on....

"Thank you Big Oil, while you are rolling around in Billions of Americans money, you do nothing to invest those profits to help America. "



This statement is just plain wrong. "Big oil" as you say, has invested in the USA deeply, they have refinerys, pipelines, storage facilitys, rail yards, ports, stations, and millions of employees across the US, Canada, and Alaska!!! For every dollar of profit, everytime the stock goes up, some little guy who has bought stock through his payroll plan, makes a buck! The oil companys I know have invested deeply in their employees, the area in which they operarate, and communitys all over the world, let alone the US. During Katrina, the oil company I work for gave millions for the relief effort, gave its employees (each one) in the area struck ten thousand dollars immediate relief to relocate, and as many days off (with pay) as they needed to resettle!!! Every community that you find "big oil" in, you can find thousands of men and women that have worked for big oil retired comfortably, or are still working and living a good life, thanks to big oil and their work!



Go to the Wal-mart and ask what their employees make, maybe you need to see how much the local bottom feeding, ambulance chasing, law firm gives back to their community?



You know most of America has been spoiled with low fuel prices for years. You know that it was not going to last forever! You even know that you could not afford it when it hit! Yet everyone is quick to blame big oil, after all they are the ones who twisted your arm and made you buy that Escalade!!! They are the ones who told you to buy that home in the country, and commute a hundred miles a day to work, and they are the ones who will not allow you to walk or mass commute to work everyday... :-laf



As DOWG says, get used to it, or you could take it away from big oil, yea that will make the price go down! :-laf Right... . Big oil as you say, are only doing their jobs, receiving, marketing, and supplying you with a service, if you do not like that service, don't use it... .

 

[RustyJC]

How about a little internet search? (I prefer www.dogpile.com) From this website:



http://www.rigzone.com/data/utilization_region.asp



this chart shows that we are only down 6 rigs from a year ago. That's including 4 rigs that were a total loss. That's BEFORE the hurricanes.

I'm not talking about drilling rigs - I'm talking about production platforms. You know, those facilities that actually get the oil and natural gas out of the ground and into the pipelines back to shore.

Hurricanes Destroyed 109 Oil Platforms: US Government



Washington (AFP) Oct 04, 2005



Hurricanes Katrina and Rita destroyed 109 oil platforms and five drilling rigs in the Gulf of Mexico, but only a small portion of production will be lost for good, the US government said Tuesday.



Rita accounted for most of the damage in a region that ordinarily produces nearly one-third of US crude oil imports, Interior Secretary Gale Norton said in presenting a preliminary assessment report.



Rita destroyed 63 platforms and one drilling rig when it tore through the region on September 24, she said. Katrina destroyed 46 platforms and four drilling rigs when it hit the Gulf at the end of August.



Katrina also caused extensive damage to another 20 platforms and nine drilling rigs. Rita seriously damaged 30 platforms and 10 drilling rigs.



"The two hurricanes coming so close together really illustrate how much of our offshore production was affected," Norton told the CNBC network.



"We had altogether, with both of the hurricanes, about 2,900 platforms that were in the path of the hurricanes," she said.



"We have no official estimate of the dollar value of the damage and the amount that it will cost to repair those facilities, but it will clearly be in the billions of dollars. "



In advance of the hurricanes, crude oil production ground to a halt as Gulf sites were evacuated.



A total of 342 platforms remain evacuated, roughly 40 percent of the manned sites in the Gulf, Norton said.



As a result, 90 percent of crude production and 72 percent of natural gas output is paralysed, she said.



But Norton also stressed that only one of the damaged platforms was built after federal construction standards were tightened in 1988. The ones that were destroyed were nearing the end of their lives.



"As a result, only a very small percentage of production is expected to be permanently lost," she said in a statement.



"Despite such intense winds and powerful waves offshore, we experienced no loss of life or significant spills from any offshore well on the outer continental shelf," Norton added.

I also have only one telephone line running to my house but there seems to be no end to the companies wanting me to switch service to them.

Thank you for making my point regarding deregulation. Here in Texas I have no end of companies wanting to switch to them as my power supplier - examples are Reliant, TXU Energy, Green Mountain Energy, etc. , etc. CenterPoint Energy maintains the electrical distribution system, regardless of whom I choose to be my power supplier.



Rusty

 

[john3976]

Gee, if oil was $6. 00 a barrel in 1986, I wonder why gas wasn't 30 cents a gallon?

All the oil companys should give you a large jar of K&Y each time you fill up at the pump, face it the oil industry has been ripping off the consumer for decades.

 

[RustyJC]

All the oil companys should give you a large jar of K&Y each time you fill up at the pump, face it the oil industry has been ripping off the consumer for decades.

If you have proof of any illegal activity, I'm sure the Florida Attorney General would just love to hear from you. It would be quite a feather in his cap to bring down ExxonMobil!!



Rusty

 

[john3976]

<DOWG cries: By the way, I am drilling 4000 foot oil wells on salt domes in Brookshire, Texas. Gonna drill about 25 oil wells this year. The landowner gets a 30% Royalty. For those of you who drive a Duramax, that means I pay 100% of the drilling and operational costs of the well and only get 70% of the production; the land owner gets 30% of all the money that comes out of the ground. The great State of Texas gets about 8% in taxes (who's eating my pie?) I have drilling partners, so I don't get all the money, and of course there are those pesky dry holes. However, I can darn sure run the air conditioner full blast to keep my beer from getting warm!>





If you could find a way to swindle property owner out of the mineral rights you can bet you would, there are many a person who owns land and has no right to the product just under the top soil, yeah Big Oil, a bunch of crooks are what they are.



If the shoe fits... ... ... .....

 

[Jeremiah]

Solutions

John complains bitterly but offers no solutions. MCummings offers an excellent solution. Way to go, sir! There's always an alternative.

 

[RustyJC]

There's always an alternative.

Yes, and the way market forces work, $70/bbl oil will provide a price umbrella to develop alternative sources, supplies and even types of energy and bring them to market.



Rusty

 

[john3976]

Yes, and the way market forces work, $70/bbl oil will provide a price umbrella to develop alternative sources, supplies and even types of energy and bring them to market.



Rusty

LOL, yeah right, and just what other sources is Exxon developing, they already admitted in one of the articles posted in this thread that they are not any good at that and that they avoid it.



LOL, you really did drink the entire gallon of Exxon Koolaid.



I just returned from UPS and the lowest gas price right now in my area is 2. 93 for regular fuel.



Citgo $2. 93

Shell $2. 97

Chevron 2. 99



I did not get a chance to pass the Exxon or Mobil but knowing those stations they are at the $2. 99 or even over the $3. 00 a gallon mark.



Yee Haa, go Big Oil, they are getting ready to announce their first quarter profits and if it is another record setting day what will be the excuse for such high prices other then to soak the public for every last dime they can get from them.



I am not willing to become a shut in just because Big Oil wants to rape every one.



This nation is not going to become shut ins, it is time to take Big Oil down several notches and put some regulation on them.