Gas Prices Affecting Boating
06-02-2007 | 10:21 AM
#51
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From: west palm beach FL,
06-02-2007 | 01:14 PM
#55
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From: GLOC
Agreed, 10% profit is killer profit for a industry of that size.
Hey, I can see paying extra when there is a actual shortage. But purposely crying wolf every other day to influence the market as big oil has consistently now that they have created the monopoly, is borderline criminal.
Never seen a actual "shortage" where no one runs out of stuff before.
Hey, I can see paying extra when there is a actual shortage. But purposely crying wolf every other day to influence the market as big oil has consistently now that they have created the monopoly, is borderline criminal.
Never seen a actual "shortage" where no one runs out of stuff before.
What the average John Doe in America needs to do is realize what the real cause of this is, GREED and the transfer of wealth.
Last edited by satisfactionII; 06-02-2007 at 01:17 PM.
06-02-2007 | 07:39 PM
#56
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From: Phoenix, AZ
[QUOTE=Michael1;2148147]Ray, don't blame the oil companies. The industry profit margin is only 10%. Blaming the oil companies makes for great politics, but anyone who reads their income statements knows the whole blame game is a big lie.
10% profit? Why then has Exxon posted record profit for at least 2 quarters? Are we buying that much more fuel?
10% profit? Why then has Exxon posted record profit for at least 2 quarters? Are we buying that much more fuel?
06-02-2007 | 08:39 PM
#57
Frank's Marine Service
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From: Elkton, MD
Was out on the boat all day today... 88 degrees, sunny, light winds....the bay and rivers looked like it was a weekday. I'm seeing what I say is about 75% less boats out so far this year. 
06-02-2007 | 09:10 PM
#58
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Was at my old marina today, Haven't been there since I sold my boat last year. On my old dock alone, they haven't moved their boats once this year. $3.69 a gallon and every boat has 175 or greater tank. They all said they now own a floating home.
06-02-2007 | 10:38 PM
#59
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From: Newbury Park, CA
I'm not seeing it. OK, so let's say the oil companies decided to give the gas to us at no profit, $3.70/gallon - $.37 = $3.33/gallon. Big deal. And of course, the oil stocks (and probably the entire market) would tank, ruining a bunch of people's retirement plans.
The liberal media and politicians have hyped this up as fact, and the numbers don't show it. Show me the numbers to the contrary, and I would be glad to reconsider.
It's funny how people will complain about 10% profit, but have no response about paying nearly 10% in sales tax (8.25% in LA County). I don't get it.
I'm not happy about the gas price situation either, but we need to blame the right people (OPEC).
Michael
Last edited by Michael1; 06-02-2007 at 10:48 PM.
