How did they know LAST YEAR that gas would be $4.00 a gal. this year?

[CDave]

If ya can't beat 'em join 'em. I wonder if shell, exxon, or BP is hiring right now??

Yes they are, all oil and gas service companies are looking for people. I wonder why they can't fill all their employment demands?????

[Forkin' Crazy]

So just how much do you guys think Oil co make on each gallon of fuel?


You mean the Oil co, Pres Bush, D Cheney, Halliberton are all in bed together?

Oh my!

[Liqui-Fly]

If an American company is making money, how are we ever going to ship operations overseas? If we provide jobs for Americans, how is government going to grow their big fat bloated a$$es? Evil coorporations and their profits.

[transomstand]

So just how much do you guys think Oil co make on each gallon of fuel?

About 8 dollars

[Hydrophobic guy]

So just how much do you guys think Oil co make on each gallon of fuel?

Ummm a gallon of crude, what kinda oil do you mean?
I see you moved off the log.

[Liqui-Fly]

About 8 dollars

Hello Pete, didn't you hear what Hillary said. They make excess profits.

[Forkin' Crazy]

Ummm a gallon of crude, what kinda oil do you mean?
I see you moved off the log.

No, for a gallon of gas/diesel/jetA, etc. Profit. Net not gross.

Had to move off the log. Had some gators moved in next door. Soon after that the neighborhood went to shxt.

[Moonshot180]

What size of boat though? No offence or anything but the under-powered boat's fuel economy would suck less than a higher powered motor in the hp range of the boat size.

I can see that, but I was just kiddin about puttin an opti on my boat,

I like 1bads idea better, twin motorguides!

[transomstand]

http://money.cnn.com/pf/features/lis...bal_gasprices/
prices are per gallon:
Brazil Brasilia $3.12
Cuba Havana $3.03
Taiwan Taipei $2.84
Lebanon Beirut $2.63
South Africa Johannesburg $2.62
Nicaragua Managua $2.61
Panama Panama City $2.19
Russia Moscow $2.10
Puerto Rico San Juan $1.74
Saudi Arabia Riyadh $0.91
Kuwait Kuwait City $0.78
Egypt Cairo $0.65
Nigeria Lagos $0.38
Venezuela Caracas $0.12
How the frack is it that Puerto Rico only pays $1.74 a gallon of gas when they are a territory of the US???????????
____________________________________________________________________________________________________ _____

Answer:
____________________________________________________________________________________________________ ______

Little known ruling by the supreme court in 1988 gave the right to individual states and Puerto Rico the right to curb gasoline prices.

Here's the copy and a link to the story:

By STUART TAYLOR JR., SPECIAL TO THE NEW YORK TIMES
Published: April 20, 1988

The Supreme Court ruled by 8 to 0 today that Puerto Rico may regulate the price of gasoline, and that the 50 states are free to do the same if they choose.

The decision also suggests strongly that the Court would uphold regulation by states of the price and allocation of other petroleum products, including home-heating oil.

It was a defeat for oil industry interests and a victory for state and local regulators nationally, as well as for those in Puerto Rico.

Overturning decisions by two lower Federal courts, the Court ruled that Federal law did not pre-empt Puerto Rico's regulation of gasoline prices because Congress had expressed no clear intent to do so when it ended Federal regulation of the price and allocation of petroleum products.

While no other state has a similar system of gasoline price regulation now, the Court treated Puerto Rico, which is a commonwealth, as a state for purposes of its analysis, and made it clear that states are free to impose gasoline price controls if they wish.

Many states have standby legislation authorizing various forms of emergency regulation of sales of petroleum products for use in any future national or local energy crisis. Jeffrey C. Genzer, general counsel of the National Association of State Energy Officials, said that the decision today appeared to support the validity of those laws.

The issue in the case, Puerto Rico v. Isla Petroleum Corp., No. 86-1406, was whether Congress's explicit pre-emption of state laws in 1973, when it provided for comprehensive Federal regulation of the pricing and allocation of oil products, survived the subsequent repeal of the Federal regulatory program. Justice Antonin Scalia, in writing the opinion for the Court, said that it did not.

Justice Scalia added that, even if there had been a ''general Congressional desire'' that repealing Federal regulation of the price and allocation of petroleum products would lead to a free market in such products, Congress had not said so in any ''enacted statutory text.''

Congress required the President to issue regulations controlling prices and allocation of petroleum products in 1973, in the Emergency Petroleum Allocation Act, in response to shortages caused by the Arab oil embargo against the United States. At the same time Congress explicitly barred any state and local regulation that might conflict with Federal law.

The Federal statute and regulations were phased out by the end of 1981. Puerto Rico, which had regulated the prices of gasoline and other oil products before 1973 and suspended its regulations when the Federal law was passed, began regulating gasoline prices again in 1986.

Several oil companies challenged this as pre-empted by sequential effect of Congress's 1973 pre-emption of state laws and its subsequent decision to end Federal regulation.

They won in a Federal District Court and the Temporary Emergency Court of Appeals, which based its decision on the legislative history in Congress and on the pre-emption analysis in a 1986 Supreme Court decision, Transcontinental Pipe Line v. State Oil and Gas Board.

In overturning the appellate court's decision today, Justice Scalia said it had read too broadly some of the statements in the 1986 decision.

Justice Sandra Day O'Connor did not take part in the ruling.

http://query.nytimes.com/gst/fullpa...757C0A96E948260

The problem with using old information is it can make you look silly. One of my employees is in Puerto Rico this morning and gasoline is .89 per liter. A gallon is 3.78541 liters, which comes out to $3.37 per gallon.

I honestly feel sorry for people who think the government can regulate us out of our energy problems, if you base your choices in life on that hope, your setting yourself up for many years of disappointment, and a great deal of anger and unhappiness.

If you think that's not a true statement, watch the stories about ethanol that are now becoming headlines.

[Hydrophobic guy]

If you think that's not a true statement, watch the stories about ethanol that are now becoming headlines.

I'm just a dumb propane guy but could see the down side of the ethanol fuel idea from the start.
Guess once again our brilliant government agency's didn't see the potential problems associated
with depleteing feed stocks, costs associated, etc, etc.....

[1BadAction]

you don't need to use food to make ethanol, and considering that the LOWEST yield comes from corn it doesnt make any business sense. all the bull**** out there is nothing but propoganda from the millitant green weenies. I guess you are going to tell us that the food price at the store is getting higher now because of ethanol?

oh, and if you don't think that oil companies are doing everything they can get away with to keep the price of fuel as high as possible, then you need to get your head out of your ass.

[Raceman]

I honestly feel sorry for people who think the government can regulate us out of our energy problems, if you base your choices in life on that hope, your setting yourself up for many years of disappointment, and a great deal of anger and unhappiness.

I honestly feel sorry for people who have no sympathy and compasion for the lower income working families who are losing their jobs & homes, and making other personal family sacrifices while the US oil industry milks trillions from the US economy. I'm not talking about the welfare bums that sit on their asses and don't try to do anything for themselves. I'm talking about both spouse working families in the 50 to 70K range that WERE living the American dream, and all of a sudden, WHAMMO, big oil steals every penny of their disposable income, and then some. It's really tragic that there are those among us who are selfish enough to have no concern about the fires in other peoples' lives until their own house burns down.

I'm just curious............. and I think I've asked before with no answer ............. but do you two oil company advocates think that electricity should be deregulated also so that those monopolies can have their way with the economy also? Should electricity futures be traded on the commodities market so they can get in on the game too?

TS, I do believe that the government can AND WILL at least partially solve the US oil industry mess when the economy sinks low enough and there's enough pressure from the entitlement holders (who seem to be the only group elected politicians pander).

[Hydrophobic guy]

I guess you are going to tell us that the food price at the store is getting higher now because of ethanol?

oh, and if you don't think that oil companies are doing everything they can get away with to keep the price of fuel as high as possible, then you need to get your head out of your ass.

No food prices just like everything are going up from increased energy needs and transportation costs.
However corn as you can see is on a serious up hill climb. Ultimately with supply and demand and
the speculators involvement it will have an effect on the cost of food products. As for gas, crude
cost is the biggest problem thats driving the high end cost in the market that, and a weak dollar.
To add insult to injury the oil company's with these much higher recievables are now charging at
that higher level to the end users.

[transomstand]

I honestly feel sorry for people who have no sympathy and compasion for the lower income working families who are losing their jobs & homes, and making other personal family sacrifices while the US oil industry milks trillions from the US economy. I'm not talking about the welfare bums that sit on their asses and don't try to do anything for themselves. I'm talking about both spouse working families in the 50 to 70K range that WERE living the American dream, and all of a sudden, WHAMMO, big oil steals every penny of their disposable income, and then some. It's really tragic that there are those among us who are selfish enough to have no concern about the fires in other peoples' lives until their own house burns down.

I'm just curious............. and I think I've asked before with no answer ............. but do you two oil company advocates think that electricity should be deregulated also so that those monopolies can have their way with the economy also?

TS, I do believe that the government can AND WILL at least partially solve the US oil industry mess when the economy sinks low enough and there's enough pressure from the entitlement holders (who seem to be the only group elected politicians pander).

If you look back through the endless posts about this situation, you'll see I've answerd those questions multiple times.
I'll tell you my personal experience with government controlled electricity rates. Two years ago, my electric bill was $120 per month. Due to government approved rate increases, my bill can now run $360 per month, and there's another 30% rate increase request in the hopper for approval this summer. My cable bill was about 30 bucks before my government decided to protect me from bad corporations, my bill immediately went up 50%, then doubled, for less service.
I want to be absolutely clear on a couple points, I have never been unsympathetic to the poor, or anyone else for that matter. All I've ever done on these threads is tried to point out errors (as in the cost of gas in Puerto Rico), poke some fun, and educate people about some of the real energy problems we face. I've pointed out before, if we took all the profit from the oil companies, it has a surprisingly small effect on the price of energy.
Most of all, I'm puzzled by you. You've professed your conservative principles here for years. You've mentioned many times how government regulation has strangled your own business, and made it nearly impossible to be profitable, yet your one of the loudest voices screaming for our government to regulate an industry to save us. Do you really believe in your heart that this Congress (or any) can save us?

I agree about the economy, when it pulls back (as it should), the price of oil will drop substantially, but not because of any positive action by our government, reduced demand, and fear of further demand reductions will send oil speculators like George Soros running for the hills.

Pete

[ssent]

I'm talking about both spouse working families in the 50 to 70K range that WERE living the American dream, and all of a sudden, WHAMMO, big oil steals every penny of their disposable income, and then some. It's really tragic that there are those among us who are selfish enough to have no concern about the fires in other peoples' lives until their own house burns down.

That's me. That's me. That's me.

I don't get either. People don't care if it effects somebody else. As long as there is money in their pocket they could give a rats ass about anything else.