Want to see the price of oil go down......everybody in the US start driving considerably less, and when they do drive, they need to drive small vehicles like the Nissan Sentra.
I agree with what you said previously. However, as to making the price of oil go down, I don't think so. Whatever you won't buy, China and India will. You cannot change the world that easily.
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01 Excursion 7.3L Powerstroke. Gauges with AIH Delete, AIS, CCV Mod, 4' MBRP, BTS Trans, 6.0L Trans Cooler and Intercooler, DP-Tuner F5 chip, ITP In Tank Mod and Boost Annihilator, Diesel Innovation's Regulated Fuel kit, BTS Big Oil system and Van Turbo. Bilstein Shocks with U code front and A code Rear.
I agree with what you said previously. However, as to making the price of oil go down, I don't think so. Whatever you won't buy, China and India will. You cannot change the world that easily.
Although I speaking hypothetically, with tongue in cheek about reducing the price of oil..... it is theoretically "that easy," because it is a matter of supply and demand.
If you ever drive the expressway in NY, or other suburban/urban areas it becomes apparent, how much oil is being consumed. Most of the cars, and Suv's passing you at 70mph have only one passenger in them.
Since, the US uses a tremendous amount of oil in our cars just cutting usage by 20% would impact demand, which would surely happen if everyone drove small POS cars.
But like I said....I like my PSD!
Course we can always wait for the PSSW to come out.....
Early 1999 F350 7.3 Auto 4wd
Banks Big Head Actuator
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There was a news article that said there are only two refineries making heat oil now as it don't require the ULSD processing that diesel fuel requires and that because of this heating oil could see a price increase. Don't know why they just don't convert everything over to the ultra low sulfer oil and then it won't matter what it is used for and would give everyone the higher volume advantage. My buddy has been running heating oil in his diesels but with the heating going higher in price he may have to shift back to diesel fuel.
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2000 F250 4 x 4 77,000 miles conventional cab longbed
six speed manual transmission.
AIS intake, 4" turbo back Magnaflow S/S exhaust
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It's a fact that the price of dino fuels are going to keep going up as reserves dwindle. But I also believe that there is no real incentive for big oil to run more efficiently. If they did they could maintain profit without the increase cost to consumers. There are a lot of industries out there that have been able to keep cost down while things like transportation and raw material costs continue to go up....how much has beer gone up in the last 15 yrs? Anyway it's something that will not get resolved here.
Why are diesel fuel prices higher than gasoline prices?
Until several years ago, the average price of diesel fuel was usually lower than the average price of gasoline. In some winters when the demand for distillate heating oil was high, the price of diesel fuel rose above the gasoline price. Since September 2004, the price of diesel fuel has been generally higher than the price of regular gasoline all year round for several reasons. Worldwide demand for diesel fuel and other distillate fuel oils has been increasing steadily, with strong demand in China, Europe, and the U.S., putting more pressure on the tight global refining capacity. In the U.S., the transition to low-sulfur diesel fuel has affected diesel fuel production and distribution costs. Also, the Federal excise tax on diesel fuel is 6 cents higher per gallon (24.4 cents per gallon) than the tax on gasoline.
It goes on about what it all entials.
OK. Fine. Tell us how you calculate the profit since you don't want to go by what I said.
Sorry to disappoint you but I have NO, ZERO, NADA dollars in my retirement plan that is in oil that I know of. Now, if someone has bought me oil futures, I don't know of, well....
Dang Aklim, I was hoping you had some oil stock. Now I don't like my post as much as before.
I calculate it this way, despite spending a bazillion $s on development, their profit margin exceeds that of Wal Mart. The way the price of fuel is going, that speculation is going to pay huge dividends so I have no pity or sympathy for them. What I need to have is some of that stock.
I know there are a lot of factors involved in fuel pricing that I cannot fully understand. I do know that when I wake up in the morning scratching my rear and having coffee while watching the news to see that the price of a barrel of oil just went up by x$, then see the price jump at the pump by the end of the day, I call BS. When I see the price of a barrel go down, I can wait weeks to see a change if at all.
So I get bent out of shape when someone appears to defend the poor oil companies, not necessarily at you man. So I did not mean to attack you personally, but the concept. Where else can you just set the price you want to ensure a dismal 10billion profit? It seems nobody is regulating this thing.
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Pushing the PMRs.
Mike
Last edited by Tenn01PSD350 : 09-29-2007 at 09:15 PM.
I think I am going to sell all my corn for....$6.00...then raise it to $6.15 for tomorrow. Oh, sorry I lost a bearing the price is now $6.50. It sure would be nice to set the price of crops. I am dead with you Tenn, it just doesn't make sense.
Dang Aklim, I was hoping you had some oil stock. Now I don't like my post as much as before.
What I need to have is some of that stock.
I know there are a lot of factors involved in fuel pricing that I cannot fully understand. I do know that when I wake up in the morning scratching my rear and having coffee while watching the news to see that the price of a barrel of oil just went up by x$, then see the price jump at the pump by the end of the day, I call BS. When I see the price of a barrel go down, I can wait weeks to see a change if at all.
So I get bent out of shape when someone appears to defend the poor oil companies, not necessarily at you man. So I did not mean to attack you personally, but the concept. Where else can you just set the price you want to ensure a dismal 10billion profit?
It seems nobody is regulating this thing.
What? You serious? You thought I hold that idea because I own stock in an oil company? I hold my views independent of whether it benefits me or otherwise. Case in point. As an immigrant, never did I wish the process was easier or faster. I believed it should take as long as it needed to. Now I am a citizen, I still hold the same belief. Back then, I didn't feel a country should allow others to come in if it hurt it's citizens even though it would make life easier for me. I still hold that belief. Now, if you want to give me some oil stock, I'll be glad to take it.
You and me both.
I'm wondering about that too.
I don't know why you think that but I certainly did not and do not consider you attacking me in any way, shape or form. Just 2 idiots jawing off at the water cooler.
Please tell me you don't want anybody regulating it. As bad as you think it is, IMO, it can be so bad with regulation that you wish for the old days of lack of regulation. I haven't seen anything the govt has regulated that hasn't become a nightmare of bureaucracy, have you? If regulated, you will probably be able to buy gas for $1. However, you have to fill out 3 forms in triplicate, leave a blood sample, have 3 forms of picture id and your first born.
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01 Excursion 7.3L Powerstroke. Gauges with AIH Delete, AIS, CCV Mod, 4' MBRP, BTS Trans, 6.0L Trans Cooler and Intercooler, DP-Tuner F5 chip, ITP In Tank Mod and Boost Annihilator, Diesel Innovation's Regulated Fuel kit, BTS Big Oil system and Van Turbo. Bilstein Shocks with U code front and A code Rear.
I think I am going to sell all my corn for....$6.00...then raise it to $6.15 for tomorrow. Oh, sorry I lost a bearing the price is now $6.50. It sure would be nice to set the price of crops. I am dead with you Tenn, it just doesn't make sense.
Funny you should mention corn, the price of ethanol follows the price of gasoline without regard for production costs. The higher the price of gasoline the more your corn will be worth.
The farmers, at least in my area, complain about the price of fuel also but givin a choice would they rather have $5,000 per acre land, $4.00 corn and $2.75 gasoline or $3,200 per acre land, $2.20 corn and $1.60 gasoline?
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Powerstroking Seven T444Es, one VT365 and one 6.0. Also four DT466s, one DT360 and a Mercedes MBE906.
I'm doing my part to reduce food imports, control rising food costs and help feed the children, my trucks run on 100% petroleum diesel. What are you doing?
here in N.C. diesel is running anywhere from $3.19-$2.85 all in a 2 mile radius of each other. don't quite get it. O-hell it's Shell would be the 3.19 with Valero being the cheapest.
What you save in money you spend it in time and storage. It doesn't come to you all ready to use. You have to gather it, filter it, make sure it works for winter or cut it, store it.
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01 Excursion 7.3L Powerstroke. Gauges with AIH Delete, AIS, CCV Mod, 4' MBRP, BTS Trans, 6.0L Trans Cooler and Intercooler, DP-Tuner F5 chip, ITP In Tank Mod and Boost Annihilator, Diesel Innovation's Regulated Fuel kit, BTS Big Oil system and Van Turbo. Bilstein Shocks with U code front and A code Rear.
Well, diesel comes from the same crude as gasoline and it is less refined than gasoline, so why has the price of gasoline gone down during the same time that diesel has gone up?
The cost of ANYTHING these days has little or nothing to do with "what it costs to make". The entire manufacturing industry (oil/fuel producers as well) charge according to what the market will bear, not what it cost them to make it.
It sucks. But they know we'll pay, so they charge for it. Demand goes up for diesel in the fall because of heating oil demands. And in this global economy, "If you want it, you're going to have to pay for it!"
I seem to remember one of the reasons given to go into Iraq in the first place was to "Stabilize oil prices". Thank you Halliburton!
They're stabilized allright, right up our asses! Fuel prices are at least a dollar more on average now than before we went in.
The cost of ANYTHING these days has little or nothing to do with "what it costs to make". The entire manufacturing industry (oil/fuel producers as well) charge according to what the market will bear, not what it cost them to make it.
I seem to remember one of the reasons given to go into Iraq in the first place was to "Stabilize oil prices". Thank you Halliburton! They're stabilized allright, right up our asses! Fuel prices are at least a dollar more on average now than before we went in.
What does it cost you to go to work? Is that what you charge your employer? You too charge what the market will bear, right? If you are a receptionist, what do you do when you see your buddy in the XYZ company making more than you? Do you lump it or do you tell your boss that the market will bear $X more? As an employee, I have told the boss that I want to make $X more and I have job offers that will pay me more. If he doesn't meet it, I walk. I even showed him the letters. If you don't like that, find a communist community. Capitalism is what the market will bear. You charge that for your services too, don't you?
China and India are buying oil which influences the price. Things change. I know I got paid more than then too. Nothing remains the same. I don't see what Haliburton has to do with it besides the fact that Cheney used to work for them.
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01 Excursion 7.3L Powerstroke. Gauges with AIH Delete, AIS, CCV Mod, 4' MBRP, BTS Trans, 6.0L Trans Cooler and Intercooler, DP-Tuner F5 chip, ITP In Tank Mod and Boost Annihilator, Diesel Innovation's Regulated Fuel kit, BTS Big Oil system and Van Turbo. Bilstein Shocks with U code front and A code Rear.
What you save in money you spend it in time and storage. It doesn't come to you all ready to use. You have to gather it, filter it, make sure it works for winter or cut it, store it.
That's precisely why I don't bother with it. I can make more money to buy fuel in the time used up gathering the stuff than I can save by not buying fuel.
And also my back yard doesn't have that redneck look in the middle of the city, too.
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Anyway it's something that will not get resolved here.
