heck with the rebate, wouldn't lowering oil prices do the same thing, faster?

[psu927]

I mean per barrel. If the government wanted to, they could do something to lower the price of oil per barrel. Would that not accomplish the same thing as the rebate, only faster? Just thinking out loud. I know they say they have control, but thats complete BS. Just thinking out loud....

[scoobywrx05]

Originally Posted by psu927

I mean per barrel. If the government wanted to, they could do something to lower the price of oil per barrel. Would that not accomplish the same thing as the rebate, only faster? Just thinking out loud. I know they say they have control, but thats complete BS. Just thinking out loud....

Oh...but they do have controll,why do you think the price is as high as it is now.

[mrnecsteve]

The price is high because it is sold on the global commodities market and the value of the dollar is worth less than a year ago.
Gold is also over 900 per ounce. Platinum is over 2000 per ounce.

[korterman1]

You are close, Although the government a some to do with the price of oil, it is EXXON & MOBILE
posting $40,000,000,000 per quarter profits that has everything to do with PAIN AT THE PUMP.
right now the U.S. is @ a 12 year high in fuel reserves, it's the 70's all over again small cars high fuel mileage. this is one way the recessions start, higher product cost equals less usable available cash in the consumers pocket. Choices, drive or fly on your next vacation and pay 60% more in fuel costs = shorter vacation time (less money to spend) or stay home and mow the lawn and pocket the savings. RECESSION. diner and a movie for two close to 80.00
or rent a dvd sorry for the rant, I'm one pissed of puppy. 3.99 for fuel @ the California speedway, OUCH.

[Rob]

we re at anywhere from 3.45 to 3.49 per gallon of diesel. we are definately gonna hit $4 a gallon this summer. what a freakin rip off. i think instead of giving us the rabate they should use that money to subsidize the cost of fuel, to help us out. or use it to upgrade our refineries to ease the refining process and boost production.

[mrnecsteve]

Originally Posted by korterman1

You are close, Although the government a some to do with the price of oil, it is EXXON & MOBILE
posting $40,000,000,000 per quarter profits that has everything to do with PAIN AT THE PUMP.
right now the U.S. is @ a 12 year high in fuel reserves, it's the 70's all over again small cars high fuel mileage. this is one way the recessions start, higher product cost equals less usable available cash in the consumers pocket. Choices, drive or fly on your next vacation and pay 60% more in fuel costs = shorter vacation time (less money to spend) or stay home and mow the lawn and pocket the savings. RECESSION. diner and a movie for two close to 80.00
or rent a dvd sorry for the rant, I'm one pissed of puppy. 3.99 for fuel @ the California speedway, OUCH.

Without a doubt there is some profiteering going on. The same type of thing was done in the 70's .
An interesting article tho...a counter point if you will : Net Oil Exports: America's Energy Security a 'Mess'

[cssutto]

Do any of you guys own stock?

Maybe stocks in your retirement program?

How do you judge a stock that you are going to rely on for your old age?

Safety is one major consideration.

But the one that most people look at is the percentage of profit on sales. If a company does not make a percentage on sales, it can not pay a reasonable return on the investment.

In other words, would you purchase stock that has only a 1% return on investment?

Now run the numbers on the big oils and see how they stack up against your idea of where to put your money.

A billion means nothing unless you know what investment is required and what sales volume produced the billion. I don't care how many billion you are talking about, if it does not represent a reasonable percentage of sales, investment, etc., it is a loser.

The real reason we have high fuel prices is the government, but not because the government is part of price rigging. It is because the government has passed some very stupid laws.

All we would have to do is announce that we are going to drill off the coast of NC, SC and in Alaska and the price of oil would drop probably 30% overnight.

This country is headed for real trouble because we are allowing a few noisy groups to rule the rest of us.

The clincher is burning food for fuel.

And that when we have huge resources of coal, oil and natural gas which one can not eat and which are good for only one thing; TO BURN.


Burning food? We are crazy.

The future repercussions from this are going to be horrendous.

CSSJR

If we do not wish to lose our freedom, we must learn to tolerate our
neighbor's right to freedom even though he might express that freedom
in a manner we consider to be eccentric.

[shu873]

It should be noted that the "rebate" everyone is talking about technically doesn't even exist. The government is simply "printing" the money they are going to "send" us... They're going to just add it to the bill of our national debt, which is already so astronomical my great, great grandkids would never see the end of it if we started taking care of it now... What this amounts to IMO is government sponsored counterfitting! IMHO its a band aid on a gun shot wound, pissing in the wind, etc. All I can say is "only in an election year"...

[Bamfster]

Originally Posted by shu873

It should be noted that the "rebate" everyone is talking about technically doesn't even exist. The government is simply "printing" the money they are going to "send" us... They're going to just add it to the bill of our national debt, which is already so astronomical my great, great grandkids would never see the end of it if we started taking care of it now... What this amounts to IMO is government sponsored counterfitting! IMHO its a band aid on a gun shot wound, pissing in the wind, etc. All I can say is "only in an election year"...

I had my taxes done last weekend, and my tax guy explained the whole rebate thing to me. The money that we all recieve this year is actually going to count against your next two years tax refunds. He cautioned me to spend no more than 1/3 of it, save the rest, and change my deductions, all to insure that I don't wind up owing income tax next year. In other words, you get money now, but you will have to pay it back later.

I agree, they should start drilling in and around the US. I still have mixed feelings about the whole using food for fuel debate. I don't like the fact that it drives up the cost of everything else. Around here biodiesel is on average 30 cents more than reg diesel, so whats the point in running it?

[Clay Henry]

Originally Posted by psu927

I mean per barrel. If the government wanted to, they could do something to lower the price of oil per barrel. Would that not accomplish the same thing as the rebate, only faster? Just thinking out loud. I know they say they have control, but thats complete BS. Just thinking out loud....

If you owned a business making Widgets and suddenly you were showing a huge profit each year and the governmen came in and told you that your price was too high and you needed to cut your price, what would you think?
More government control is NOT what i want. The oil companies are producing a product we all want. We don't NEED it but we are spoiled and want it. You could do several things to cut your ties to oil companies...heat your home and water with wood, solar, wind etc. Power your transportation with your legs - buy a bike. Take the bus, whatever. The oil companies are a business and business is there to make money. Oil prices are right inline with the rest of the world economy and they have been WAY low and cheap all these years so we are spoiled. The government has nothing to do with setting these prices i don't think and the last thing i want to see is the government get control like that. They are in my back pocket as far as i want them, how about you?