Originally posted by NavyDoc
Originally posted by campanionator
You are ignoring a 300% increase in prices sir.
Did you get a 300% raise?
have pumps, motors and drill bits increased 300%???
The price has been too high for years and what have the done???
They have RAISED PRICES
Are you being serious or are you kidding?
I think, for some reason, you think oil companies or market makers have a motivation to lower
I don't know what to say to you, it really bothers me that you can't wrap your head around the
incongruence of what you are arguing for.
And I can't wrap my head on the lack of knowlege of how things work in the industry or the market. Refineries have been shut down, this reduces supply
and increases cost of creating the goods.
And you don't think that the industry can strategically shut down refineries to squeeze supply and
create more profit???
This is where you are erroneously assigning a benevolent motive to oil companies.
What makes you think they want lower prices??? Did you ever want to make less money?
Exploration has been limited, which drives up the potential future cost of any commodity.
No it has not, in five years the amount of land that has been opened to oil leases has increased 25 million
hectares in the U.S territories alone.
At the proposed Canadian pipline, prices dipped because of anticipation of increased supply, when it was killed (on our end) by the administration,
prices went up becuase that increase of supply was taken away. It is very expensive to have many formulations of gasoline, especially with refineries
going off line. The lefties in California mandate many of these formulations for "environmental" reasons. Guess what? Gas in California is shooting up
to 6 bucks a gallon.
It is the industry that is taking the refineries offline, it is a business decision to make more money,
with less work. It is working too, yet you can't except that -
Lets see if you can understand this: the cost of corn and wheat have gone up this year. Must be those dirty farmers, by your logic, price fixing and
gouging. Nevermind that there was a drought that reduced supply.
Did the farmers DECIDE to stop watering their corn, just like the industry decided to slash their
Gas is up because of decisions made by our elected representatives. That, sir, is the facts behind the matter regardless how much people hate
No sir, prices are up 300% in a decade because the people who profit from the industry want to
make more money.
Please tell me, PLEASE,
What makes you think oil executives want to make less money for more output?
Have you seen any evidence that profits have increased by 300%? No, of course not because there is none.
What makes you think that costs to produce oil have increased 300%?
Do you realize that a business can convert income into assets to make profits appear low?
Or they can convert income into holdings shares that make profit appear low, even though they
have essentially converted massive amounts of profit into "expense"
And please answer the question I underlined
edit on 6-10-2012 by campanionator because: (no reason given)
edit on 6-10-2012 by campanionator because: (no reason