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Oil Profits: Govt Makes $54 BILLION

Discussion in 'The OT' started by durl, Apr 26, 2006.

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  1. Tom in TX

    Tom in TX Icon

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    Jan 22, 2004
    Yeah, buy from Shell, Texaco, Chevron...
    If nobody bought from Exxon/Mobil, they would go out of business! Let another oil company be the bad guy for awhile!
    Tom in TX
     
  2. Richard King

    Richard King Hall Of Fame

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    Mar 25, 2002
    If you "boycott" Exon prices at other stations would simply go up as they ran low on supply and Exon would simply sell there gas elsewhere. A boycott of one company is sillyness. Don't forget that you have to boycott Citco also because it is the national oil company of Venezuela.
     
  3. lastmanstanding

    lastmanstanding Godfather

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    Mar 22, 2003
    Did you see this one? The Chinese communists are going to drill for oil within sight of the Florida Keys. There is a massive reserve there, which for various reasons we will not exploit. Maybe they can directionally drill into areas the environmentalists won't let US companies develop. And I bet the Greens won't say a word.

    LMS
     
  4. Capmeister

    Capmeister Large Hairless ApeCutting Edge: ECHELON '08

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    Sep 16, 2003
    My roads aren't that great. More money is going into pork than roads. I don't believe that the 1.3 TRILLION collected in the last 20 years has all gone to bridges and roads. Do YOU? Do you think it's even half?

    According to the American Society of Civil Engineers, 27% of America's bridges--more than one in four--are structurally deficient or functionally obsolete. In cities, it's worse: 31.2% of the nation's urban bridges are structurally deficient or functionally obsolete. The Federal HighWay Administration estimates that it will take $9.4 billion a year for 20 years to eliminate all bridge deficiencies. And this is not counting roads--just bridges. So, this is what the gas tax is supposedly going for. Round up. $200 billion over twenty years to get the bridges in order. 200 billion out of 1.3 trillian would leave $1,100,000,000,000 left over the 20 years. Where did this money go? To the roads? I don't think so.
     
  5. Richard King

    Richard King Hall Of Fame

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    Mar 25, 2002
    Yep, I am aware of that one. They are leasing the drilling area from Cuba, so, now we get to watch the Chinese drill in areas next door to where we SHOULD be drilling and giving the money to Fidel.
    http://www.foxnews.com/story/0,2933,193292,00.html
    Or, if you are a Fox hater:
    http://havanajournal.com/business/entry/cuba_to_drill_for_oil_in_potential_florida_zone/
    You can even get a job there: http://www.oilcareers.com/regions/729/CUBA_offshore_drilling.asp

    As for the "Greens" not saying a word, neither will the national media, other than Fox
     
  6. olgeezer

    olgeezer Guest

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    Dec 5, 2003
    At more than a million per mile roadway and 20 million per bridge, yes I do.
     
  7. Richard King

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    Mar 25, 2002
    http://www.snopes.com/politics/gasoline/gasout.asp
     
  8. Capmeister

    Capmeister Large Hairless ApeCutting Edge: ECHELON '08

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    Sep 16, 2003
    Let's say 20 million per bridge... (and I'm not sure I buy that average).

    There are almost 600,000 bridges in the U.S. That alone would be almost the 1.3 trillion over 20 years.

    If that money is GOING to the roads and bridges, why are they in disrepair?

    Why are you paying for a bridge in an area where you do not live, by the way? Say--in Alaska, for a few people?
     
  9. tomcrown1

    tomcrown1 Hall Of Fame

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    Jan 16, 2006
    ?? are you then for a permant boycott of the oil companys?? If you are were are the web sites that will show us how to convert our engine into fuel that can use corn oil etc???
     
  10. olgeezer

    olgeezer Guest

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    Dec 5, 2003
    Not sure what happened to this post. Cap when reading your ASCE reports, did you catch this header

    "Poor road conditions cost U.S. motorists $54 billion per year in repairs and operating costs--$275 per motorist. Americans spend 3.5 billion hours a year stuck in traffic, at a cost of $63.2 billion a year to the economy. Total spending of $59.4 billion annually is well below the $94 billion needed annually to improve transportation infrastructure conditions nationally. While long-term Federal transportation programs remain unauthorized since expiring on Sept. 30, 2003, the nation continues to shortchange funding for needed transportation improvements"
     
  11. Danny R

    Danny R Goblin the Pug DBSTalk Gold Club

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    Jul 5, 2002
    As for the "Greens" not saying a word, neither will the national media, other than Fox

    Funny, I read about this story last year in the New York Times back when Cuba first started surveying. Its hardly a "hidden" issue, and will likely be a huge topic in the Florida Governor's race this year as well. I think you'll hear some pretty loud protests should it actually get started.

    In any case, its not just the "Greens" who don't want drilling off the Florida coast. Its the entire tourism industry. One of the worst things that could happen to Florida is to have a spill blackening the beaches that attract people to the state. The issue isn't a democrat/republican one either. The two republican candidates for Governor in Florida have opposing views on the issue.

    The view is also reflected in Florida's congressmen:
    http://www.mercurynews.com/mld/mercurynews/news/politics/14360907.htm
     
  12. lastmanstanding

    lastmanstanding Godfather

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    Mar 22, 2003
     
  13. Bogy

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    Why drill anywhere? There is no oil shortage. There is possibly a refinery shortage. The price of oil is driven by speculators. We are now paying three or four dollars a gallon for gas that was refined from thirty dollar a barrel crude. The $70+ crude won't be pumped out of the ground until next year.
     
  14. Tom in TX

    Tom in TX Icon

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    Jan 22, 2004
    I think we should kill all the speculators! :D
    Tom in TX
     
  15. Stewart Vernon

    Stewart Vernon Roving Reporter Staff Member Super Moderator DBSTalk Club

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    Kittrell, NC
    The panic-factor is one of the things that always gets me too... the price of future gasoline is expected to be up because of future oil... but the oil we already bought at lower prices is being sold as much higher priced gasoline now even though it was already purchased.

    Ok, so many free-markets work this way... and I understand that... but understanding that, we can't yet blame OPEC or whomever for our high gas prices. We can blame them next year... but this year we have to blame our gasoline companies who are taking advantage of the panic and making extra profits right now.
     
  16. Richard King

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    I have no idea what spectators have to do with any of this or why you would want to pick on them.... oops, you said "speculators". Nevermind.
     
  17. Bogy

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    If only I could get speculators involved in the value of future sermons. :D
     
  18. Richard King

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    http://www.washingtonpost.com/wp-dyn/content/article/2006/04/26/AR2006042602307_pf.html
    Hypocrisy at it's best.

    more...
     
  19. Richard King

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    http://www.boston.com/news/nation/washington/articles/2006/04/27/kennedy_faces_fight_on_cape_wind/
    I hate it when I agree with the Sr. Senator from Massachusetts, but he doesn't REALLY believe in his claim of supporting "states rights", if he did he would support Alaska in drilling for oil in ANWR. NIMBY is hard at work.
     
  20. jonstad

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    Jun 27, 2002
    http://www.cityofnewhaven.com/Mayor/ReadMore.asp?ID={08A1A29B-2246-4DE9-BB7A-D2610D97E99A}

    Apparently some oil companies can look beyond profit and can remain profitable while returning some of that profit to consumers.

    Chavez's Venezuela is awash in oil revenues despite this program and several others in Latin America. All to the chagrin of George Bush and Pat Robertson of course.:lol:

    Instead of vilifying Chavez, perhaps we should take the cue that governments and corporations CAN have a conscious, CAN assist the poor and less fortunate, and CAN benefit more than just a few shareholders and executives!
     
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