Here comes summer... get ready....
yep, you are doing all we can do to lower prices, and that is just yelling and complaining, especially when typing in CAPS. the boycott ideas are stupid, we will all have to buy fuel sometime or another. lucky for me i only have to fill up about once a month.
If you would like to blame fuel prices, you should place the blame where it belongs, not on an easy scape goat.
The reasons behind high prices for Americans are numerous, here is a list of a few:
Tensions in the Middle East, namely Iran which is the second largest oil producer in OPEC (nuclear program)
Lack of ability to explore domestic oil and gas. There is enough KNOWN oil and gas in fields that have yet to be developed (because of government regulations) that could reduce the US dependance on foriegn oil by 85%. If we explore and produce all of our potential reservoirs, it is very likely that we could become independent of foriegn oil and gas for the next 50+ years.
Tree Huggers, Green Peace, the EPA and all the other environmental organizations. These guys do not understand how environmentally friendly the oil field really is, most of them probably drive through producing oil fields and don't even know it. They create these regulations out of ingnorance and do not realize the economic effects on the nation.
You cannot sit there and just blame Exxon-Mobil for high prices. The oil industry is a High-Risk High-Return industry and alot of people focus on the huge returns but never see all of the busts.
Before you bi+ch and moan too much about high energy prices, sit back and think about what would happen if we just shut every well in and quit producing oil and gas.
How would your life change? And before you think "oh I could live with out gas..." Petroleum products are in almost every product you buy and are involved some how in EVERYTHING YOU USE every single day..... EVERYTHING.
The oil patch puts food on the table for alot of people in this country, try not to bite the hand that feeds you.
W.B. Hinton
Petroleum Engineer, Texas A&M University
thoose pigs dont get any of my money.
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i agree its insane how much diesel costs. with all this talk about ethanol driving up gas prices why does diesel go up with it too? they have nothing to do with each other. i just dont see why if gas goes up diesel has to also. and how can bio cost more than regular diesel if it is grown in the u.s. sombodys got to do something about this. Diesel will be up to $3.50 a gallon like last year very soon
On revenues, Oil and Gas Co. are in the middle of the pack regarding profits last year. The #1 most profitable industry is banking then followed by computer tech. Oil Co. are just not "breaking records"
Diesel is more costly because of the new ultra-low sulphur regulations. The limit on sulphur went from 200 parts per million (ppm) to 15 ppm. Thats over 13 times less sulphur. With this new regulation refineries had to change their refinement process, and pay for the disposal of 13 times more sulphur than in previous years. Now, diesel is just as costly if not more costly to refine than gasoline.
If anyone would like more insight on the refinement of petroleum products, please email me. I will explain the whole process and even provide a few graphics.
WB
If you would like to blame fuel prices, you should place the blame where it belongs, not on an easy scape goat.
The reasons behind high prices for Americans are numerous, here is a list of a few:
Tensions in the Middle East, namely Iran which is the second largest oil producer in OPEC (nuclear program)
Lack of ability to explore domestic oil and gas. There is enough KNOWN oil and gas in fields that have yet to be developed (because of government regulations) that could reduce the US dependance on foriegn oil by 85%. If we explore and produce all of our potential reservoirs, it is very likely that we could become independent of foriegn oil and gas for the next 50+ years.
Tree Huggers, Green Peace, the EPA and all the other environmental organizations. These guys do not understand how environmentally friendly the oil field really is, most of them probably drive through producing oil fields and don't even know it. They create these regulations out of ingnorance and do not realize the economic effects on the nation.
You cannot sit there and just blame Exxon-Mobil for high prices. The oil industry is a High-Risk High-Return industry and alot of people focus on the huge returns but never see all of the busts.
Before you bi+ch and moan too much about high energy prices, sit back and think about what would happen if we just shut every well in and quit producing oil and gas.
How would your life change? And before you think "oh I could live with out gas..." Petroleum products are in almost every product you buy and are involved some how in EVERYTHING YOU USE every single day..... EVERYTHING.
The oil patch puts food on the table for alot of people in this country, try not to bite the hand that feeds you.
W.B. Hinton
Petroleum Engineer, Texas A&M University
Ease off on the oil industry? Didnt i just see on the news about some Exxon exec who retired and got some 400million retirement package? Ease off of the oil industry?,, I think not. What really puzzles me is the American people sit in front of their TV's and radios and hear about all these Oil companys posting record profits,oil execs retiring and getting these multi million dollar retirements packages, AND DO NOTHING,,the american people just sit back and take it. Until the american people do something about it, it is not going to get any better.
Think of the young guy with a family and a $10.00 and hr job. What do you think the fuel prices are doing to him? Poor guy probably cant even afford to drive his powerstroke to work anymore.. I admit fuel prices are a sore spot with me. I own 5 tractor trailers and my diesel fuel bill has doubled in the last 2 years. Sure i get Fuel Surcharges,,they cover about 25% of the fuel cost increase,I take the rest. BUT thats ok,, Long as me and the rest of the american people sit back and do nothing these big execs can have multi million dollar retirement packages and live extravagant lifestyles..
Ease off the oil Industry,,Not a chance..
On revenues, Oil and Gas Co. are in the middle of the pack regarding profits last year. The #1 most profitable industry is banking then followed by computer tech. Oil Co. are just not "breaking records"
Diesel is more costly because of the new ultra-low sulphur regulations. The limit on sulphur went from 200 parts per million (ppm) to 15 ppm. Thats over 13 times less sulphur. With this new regulation refineries had to change their refinement process, and pay for the disposal of 13 times more sulphur than in previous years. Now, diesel is just as costly if not more costly to refine than gasoline.
If anyone would like more insight on the refinement of petroleum products, please email me. I will explain the whole process and even provide a few graphics.
WB
ok i feel better about having to pay these rediculous prices now



