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Media Hype isn't going to help fuel prices

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Old 02-23-2004, 09:09 PM
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Old 02-23-2004, 09:11 PM
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Quote:
Originally posted by RonS
I have'nt seen any of the media hype, how high did they say they will go?
$2.75-$3.00 a gallon!!!!
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Old 02-23-2004, 09:50 PM
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Quote:
Originally posted by formuladude312
$2.75-$3.00 a gallon!!!!
So about normal for the west coast then....
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Old 02-24-2004, 07:07 AM
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Well i guess we'll just to have to take one extra person on the boat this year to share the cost (boatpooling)
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Old 02-24-2004, 08:12 AM
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Am going to post an email I received concerning how to combat the higher gas prices. Remarkably simple and it makes common sense. Will try to have it on by tonight under a new thread.

It would affect the manner in which I boat, a lot more rafting up, anchoring out, instead of running 200 miles per trip.

Exxon, in the third quarter of 03', made a "net" profit of three billions dollars. After every bill was paid, they made THREE BILLION DOLLARS. If they cut the price of gas in half, (mark up), they would only make six billion dollars a year instead of twelve. Remember, this is after all the "exploration costs" also. That is obscene.

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Old 02-24-2004, 09:50 AM
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Quote:
Originally posted by Formula Outlaw

Exxon, in the third quarter of 03', made a "net" profit of three billions dollars. After every bill was paid, they made THREE BILLION DOLLARS. If they cut the price of gas in half, they would only make six billion dollars a year instead of twelve. Remember, this is after all the "exploration costs" also. That is obscene.
You may be right about the $3,000,000,000 net profit, I'm not going to look it up. BUT, a company doesn't cut their selling price in half, and only loose half their profit. It just doesn't work that way.
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Old 02-24-2004, 11:20 AM
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The Saudi's control OPEC.

OPEC controls large supply of oil.

OPEC artificially limits supply of oil, thus raising oil prices.



Hmmmm.


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Old 02-24-2004, 11:31 AM
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Quote:
Originally posted by vtec
The Saudi's control OPEC.
OPEC controls large supply of oil.
OPEC artificially limits supply of oil, thus raising oil prices.
Hmmmm.vtec
And in turn, to ensure the profits stay at record highs, the price charged for a gallon of gasoline, diesel fuel, avgas, or Jet-A goes up accordingly.
This has far reaching implications, way beyond recreational boating.
If all this is true, expect airline tickets, the cost of truck freight (and fedex, UPS, etc.) to go up as a fuel price adjustment.
We the public have already shown that gas is as much as a staple as bread and milk, and will therefore pay whatever the price.
The rich get richer.................
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Old 02-24-2004, 12:29 PM
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Quote:
Originally posted by Chart
You may be right about the $3,000,000,000 net profit, I'm not going to look it up. BUT, a company doesn't cut their selling price in half, and only loose half their profit. It just doesn't work that way.

You buy 10 apples at 50 cents each you have five dollars invested. You sell those ten apples at one dollar apiece you make 10 dollars, less the five dollar investment, you net profit five dollars.

If you sell those 10 apples at 75 cents apiece (half the original "mark-up), you net $ 7.50, minus your original investment of $ 5.00, you net profit $ 2.50, half your original net profit.
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Old 02-24-2004, 12:37 PM
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If gas goes to $ 3.00 per gallon, it will effect every aspect of our life in the form of rising prices. Everything we buy has to be shipped from somewhere. Everything we buy is going to raise, substantially in price. That will be devestating to the economy. In any miniscule way that I can I am going to fight it. It's better than sitting around doing nothing and letting them bend us over the barrel. Wait and see. If this major price increase happens, there goes jobs, housing, recreation, everything.
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