Very good article on the pain owner operators are feeling

[imrede4glf]

it didn't take long for the proof of my statement above, just read the statements in the above post. LOW SUPPLY/HIGH DEMAND.

Stalinists like Clinton, Schumer, Boxer waste time holding hearings on Capitol Hill trying to demonize "Big Oil" to get votes from uneducated Americans like the post above. Get a clue.

[payne5757]

WTF!!!!!! Its one thing that fuel prices are hurting the general public, but when it comes to ruining a persons career and possibly their livelyhood why the hell doesnt someone sympathize? This is complete bullsh!t that noone with the power to do something has enough damn compassion for fellow americans to act!!!!! Yeah cool, go ahead and get rich but at what cost? More and more americans are going to start losing faith in this country and for many reasons. Not just fuel. Im to the point where I only like to think Im serving every worthy redblooded american and not actually this corrupt govt......I cant even take pride in my job!

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Last edited by payne5757 : 03-06-2008 at 06:06 AM.

[kinghawg98]

because if there are other owner operators doing well, then its likely that this one (or whatever) sob story is the odd man out. Not everyone can handle running a business in tough times.

America is the land of opportunity.........how you use it and if you're smart enough is up to you. If we were commie russia (or well, the USA of the future, sadly), then perhaps it would be different.

Supply and demand is one part of the equation, another part would be our 'tarded govt, envirowhackos and the "not in my backyard" crowd. These folk make it impossible to drill for oil, make it impossible to use nuke power and impossible to build coal fired power. Sorry kids, nuke and coal are THE best way to supply power, if we take out oil fired, gas fired and other plants from the system, oil demand goes down....as do prices. We havent built a new refinery in...20-30 yrs or so because it is cost prohibitive to get around the EPA regulations and the igorant folk that would live nearby.

I gotta search though my old email inbox, and will then post a letter FROM exxon about oil pricing....hopefully I can find it, perhaps it will help some understand and learn that there is more than the 'tarded media reporting record oil profits.

OH and.....dont forget the INSANE tax amount that is on top of your diesel. That would lower the price considerably in most areas. But nobody wants to mention that part either.

[kinghawg98]

Straight from Exxon. This was from back in November, since then, some of the problems have been exacerbated greatly..

Why Have Gasoline Prices Increased Recently?

The recent rise in the cost of gasoline has been making headlines with
prices at the pump over $3.00 in some markets. And with the holidays
approaching and people traveling more, your friends and relatives are
probably looking for an explanation.

Gasoline prices are impacted by a number of factors. Right now the rising
cost of crude oil, driven in part by supply and demand, is having the
biggest impact on prices at the pump.

As the holiday driving season approaches the following facts will help you
better understand what's going on with U.S. gasoline prices:

Crude Oil Prices Increase
Crude oil prices have risen due to increased world demand, geopolitical
uncertainty, and the impact of a weaker U.S. currency among many factors.

Crude oil, the major component in gasoline, currently makes up over 60% of
the retail price of gasoline.
Crude oil prices, represented by the price of West Texas Intermediate
(WTI), have increased about $40 per barrel so far this year, climbing from
an average of $55 in January to more than $95 per barrel in early November,
according to the Energy Information Administration (EIA).
Oil companies do not set the price of crude oil, and many companies like
ExxonMobil buy more crude oil than we produce for processing in our
refineries. Crude is bought and sold in international markets, and the
price on any given day reflects current market conditions and outlook,
among other factors.

Geopolitical uncertainties in oil producing regions such as the Middle
East, Africa, and Latin America, which supply much of U.S. oil needs, can
result in higher crude prices.

Crude oil is traded globally in U. S. dollars. With the recent weakening
of the U. S. dollar in relation to other countries' currencies, and with
these countries also vying to purchase crude in the global market, more
U.S. dollars are needed to obtain a barrel of crude oil in the competitive
marketplace...another factor in higher crude prices.

Gasoline Demand Continues to Grow
According to the EIA, gasoline demand in the U.S. reached a record high in
the first nine months of the year, averaging ~9.4 million barrels per day.
The Department of Energy predicts that U.S. demand for motor gasoline will
grow at a rate of 1% during 2008.

The U.S. continues to balance increased gasoline needs by importing.
So far in 2007, the U. S. has imported about 10 percent of its gasoline
needs.
Gasoline demand growth in developing countries of the world, such as China
and India, has placed upward pressure on gasoline prices globally.

Gasoline Supply
U.S. refining production of gasoline and distillate (diesel fuel and
heating oil) is at record levels.

While some operating problems reduced production early in 2007, through the
first nine months of the year, U.S. refiners' production of gasoline and
distillate fuels has set all-time records.
ExxonMobil has expanded U.S. refinery capacity at a rate 50% greater than
the industry over the last decade.

Current Events
The political and media landscapes focus on gas prices.

Tax and Price Gouging Legislation Proposed in U.S. Congress
You may be aware of the proposed tax and price gouging/control legislation
in Congress.
This legislation could further reduce available supplies and put pressure
on energy markets.
Increased taxes could result in less future energy investment in the U.S.
Similarly, proposed price gouging/control legislation could have the
unintended consequence of creating product shortages and gas lines as
history has shown.
For more information, please visit the Citizen Action Team’s website at
ExxonMobil Citizen Action Team - Main Page

Additional Resources
ExxonMobil’s backgrounder on earnings and prices provides additional
details and charts which can be downloaded and sent externally.

http://www.exxonmobil.com/Corporate/...ergy_needs.pdf


Useful Links from ExxonMobil.com
Factors in Fuel Pricing
Recent Price Factors in the US
US Gasoline Stocks

For more industry information, you may want to visit the following Web
sites:
Energy Information Administration - EIA - Official Energy Statistics from the U.S. Government
Welcome To The API Website
Facts On Fuel

Information on maximizing the fuel efficiency of your car can be found at
the U.S. Department of Energy site: Fuel Economy

We hope this information is helpful in understanding gasoline prices in
context. Please feel free to share this information with family, friends,
and neighbors.

[imrede4glf]

I'm impressed Kinghawg98. You point people in the right direction with articles which contain statements BACKED UP with numbers. WOW, actual FACTS without the added B.S. emotionalism.

Oil companies are run by Americans. I have invested in America and American citizens through my 401K ans various mutual funds. We live in the greatest country on the planet. We can do anything because of rugged individalism. The government can empower NO ONE. It only steals from one to give to another and it does it poorly and under the guise of compassion. True compassion is allowing people to fail and fail and fail until experience teaches them to succeed. Ther are thousands of examples, one of whom was President Lincoln.

We get the government we deserve. Our education system is polluted with political correctness and agenda instead of facts. People believe this crap the weasels in Washington spew because they are ignorant and uneducated.

Government interference can only ruin a capitalist system and we are well on the way. People are voting their liberty away and don't even know it. Tax the rich to pay for the poor unfortunate and suffering. Transalationeople who are "rich" didn't earn their money and we (the govt.) have the RIGHT to steal it from them and give it to the leaches. The middle class has shrunk under the evil George Bush. TRUE, they moved into the upper middle to upper class.

The government does not create jobs. The private sector does. Big oil does not and cannot manipulate prices, the market and supply and demand do. Hillary the C***, has stated she wants to take the profits of oil companies and use it to "help" out us poor dumb surfs. PURE COMMUNISM.

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Last edited by Rodslinger : 03-06-2008 at 09:50 AM. Reason: INSULTS ARE NOT ALLOWED ON THIS SITE.

[99Smokin73Stroker]

Originally Posted by imrede4glf

Big oil does not and cannot manipulate prices

So you're telling us that when OPEC makes the decision to cut back or increase production that it does nothing to affect supply? Wow.......

Originally Posted by imrede4glf

WAKE UP DUMMIIES!

If you want to insult people, do it elsewhere, NOT HERE.....you're goin down a path you don't want to go down here.

[Snowman66]

How can Exxon set oil prices? Thay are the largest publicly traded oil company, Right?

However they are only the 8th largest oil company in the world. The top 7 are owned by governments, and not ours...... Something to think about.

[imrede4glf]

I should have said wake up America, my intent was not insult people at this forum. I apologize.

There is a huge difference between OPEC and the oil companies. One is the supplier, the other the buyer. Absolutely, OPEC does control supply, but they always cheat on their agreements ( thank God). Yes, they do directly effect prices, and yes they can really ruin us, but it would be suicidal. We have a symbiotic relationship, although generally a tense one.

[Rodslinger]

imrede4glf I edited your post - welcome to the ORG but Adam is correct, we don't allow insults on this site. We welcome debate but we expect it done in an adult-like manner. If you have any questions please feel free to PM me.

ETA - I was typing while you were posting.

[99Smokin73Stroker]

Thanks So many threads like this get wacky in a hurry. I've been guilty myself several times. Carry on I am interested in this discussion.