I hate to but ..... Why are non imports high?

[ToolManTimTaylor]

THESE FOLLOWING COMPANIES IMPORT ALL THEIR OIL

Shell, Chevron/Texaco , Exxon /Mobil , Marathon/Speedway , Amoco



Here are some large companies that DO NOT IMPORT Middle Eastern oil:





Sunoco and Sinclair ..... THAT'S IT just two.







YET WHY ARE THEY CHARGING US THE SAME PRICE AS THE OTHERS??? In fact yesterday i noticed Sunoco was higher than some of the Mobil's and Shell stations.

 

[amsoilman]

THESE FOLLOWING COMPANIES IMPORT ALL THEIR OIL

Shell, Chevron/Texaco , Exxon /Mobil , Marathon/Speedway , Amoco



Here are some large companies that DO NOT IMPORT Middle Eastern oil:





Sunoco and Sinclair ..... THAT'S IT just two.







YET WHY ARE THEY CHARGING US THE SAME PRICE AS THE OTHERS??? In fact yesterday i noticed Sunoco was higher than some of the Mobil's and Shell stations.

I have to agree with you... ... ... ... ... ... ... "Why are these Companies charging more for their fuel?" The Sinclair stations in my town are ALL higher than the others, infact, there is one Exxon/Mobil station across the street from a Sinclair atation where the Sinclair prices are always 10-15 cents per gallon higher, especially the Diesel fuel!



Wayne

 

[BarryG]

My guess would be that they sell the crude they pumped out on the open market and have to buy (locally for refining) it as well at the market rate. I seriously doubt that they actually refine the oil they pump out of the ground nor does it mean that they pumped it around here (insert where you live) or that it wasnt imported from somewhere other than the middle east ie the North Sea etc.



On the off chance that they do refine what they pump why wouldnt you sell it at the prevailing rate? Remember you are a business without real feelings and are supposed to make money and to be honest as much as you can possibly make.



I think that is one misconception about drilling Anwar or pretty much any available plot with oil under it, converting Oil shale or Tar Sands. The price of oil is not going to suddenly drop just becasue it came from here or someplace sympathetic to us or drilled by "American" owned companies. Oil will sell at the market rate regardless of what the rate is or where it came from. The price may drop a bit due to supply increase but from all I have read there is not that huge of a real "supply" issue causing the prices we are seeing today it is only a fraction of the price increase.



Dont get me wrong I am for drilling but it isnt for lower prices it is for having less middle east oil imported. I also think that if they do go forward with some of those things and the oil price drops (I know wishful thinking and doubtful) they will lose there rear ends. Anwar, tar sands, shale those are not going to be cheap places to get oil out of the ground. The oil compnaies have made a bit of noise (spin) about being able to drill there and they always wanted a lot of subsidies to go along with it becasue they knew darn good and well it was not going to be profitable at the current market rates of those times. Now the market rates are possibly enough to make a profit but why make the investment they are making tons of money now without it. So they will wait until their supply starts to get low then they will start making a big stink about it and get subsidies. It is definitely not in their best interest(short term anyway) to drill Anwar, convert shale or sands right now.

 

[amsoilman]

My guess would be that they sell the crude they pumped out on the open market and have to buy (locally for refining) it as well at the market rate. I seriously doubt that they actually refine the oil they pump out of the ground nor does it mean that they pumped it around here (insert where you live) or that it wasnt imported from somewhere other than the middle east ie the North Sea etc.



On the off chance that they do refine what they pump why wouldnt you sell it at the prevailing rate? Remember you are a business without real feelings and are supposed to make money and to be honest as much as you can possibly make.



I think that is one misconception about drilling Anwar or pretty much any available plot with oil under it, converting Oil shale or Tar Sands. The price of oil is not going to suddenly drop just becasue it came from here or someplace sympathetic to us or drilled by "American" owned companies. Oil will sell at the market rate regardless of what the rate is or where it came from. The price may drop a bit due to supply increase but from all I have read there is not that huge of a real "supply" issue causing the prices we are seeing today it is only a fraction of the price increase.



Dont get me wrong I am for drilling but it isnt for lower prices it is for having less middle east oil imported. I also think that if they do go forward with some of those things and the oil price drops (I know wishful thinking and doubtful) they will lose there rear ends. Anwar, tar sands, shale those are not going to be cheap places to get oil out of the ground. The oil compnaies have made a bit of noise (spin) about being able to drill there and they always wanted a lot of subsidies to go along with it becasue they knew darn good and well it was not going to be profitable at the current market rates of those times. Now the market rates are possibly enough to make a profit but why make the investment they are making tons of money now without it. So they will wait until their supply starts to get low then they will start making a big stink about it and get subsidies. It is definitely not in their best interest(short term anyway) to drill Anwar, convert shale or sands right now.

This was posted on another thread:



Asia Times Online :: Asian news and current affairs



Wayne

 

[dshatzer]

Please feel free to follow the link.
Crude Oil and Total Petroleum Imports Top 15 Countries

This shows the imported oil, by country into the US. Canada provides the largest amount, almost 20% of our imported oil, even MORE than Saudi Arabia. Almost 16% of our imported oil comes from Mexico. 'tis a complicated issue.

 

[RGardner]

Actually it is not that complicated, speculators are driving up the price of many commodities because our government has become too business friendly.

 

[BILLVO]

I don't believe Conoco inports either. In Nd here every station stays the same price in a given region. There are no fuel wars ect. if 1 station raises its price they all do no matter what company.



Supply and demand is BS also as we have a Tesoro refinery in Mandan that is full to capacity and not refining right now and a friend in Billings MT works at a refinery can't remember which as there are 3 there I believe and they are full to capacity also.

 

[Dieselnut59]

A lot of it is also our tax structure in this country. Look at ANY import versus USA product. The imports are almost always cheaper, even when considering all the cost in shipping to get it here. Companies and corporations are taxed at EVERY step of the process in this country. The employer must "match" social security and medicare with holding on each employee, as well as provide workers compensation insurance and other government required fees. This is applied at EVERY step of the process, from the people who extract the oil from the ground to the ones who transport the crude, to the refiners, the transporters to the distribution facility, the workers at the distribution facility, the ones who haul the product to the fuel stations, and the fuel station workers. In addition, the government adds its tax to the companies providing each of these services (trucking companies, refining companies, drilling/pumping companies, store owners, etc) AND adds state and federal motor fuel tax. The "imports" avoid a lot of the imbedded taxes and only receive the tax which is added on in this country. Yep, we need the FairTax system to save our domestic goods, manufacturing and oil companies before EVERYONE is outsourced to China.