Government Looking At Ways To Deal With Unprecedented Gas Profits Being Made By Oil Companies

Riiiiiight.  Sniff……….Sniff…………Anyone smell something fishy here besides me?  If there is a legitimate reason for the outrageous price we’re paying for gasoline at the pump right now, why in the world are the oil companies making unprecedented profits??? 

I can save the government alot of trouble.  The last time this happened and we had a FAKE gasoline shortage, this was back in the seventies, and the oil companies made out like bandits by raping us all, the government got their cut by passing the “Windfall Profits Tax.” 

All they have to do is dust that old thing off and make a few minor adjustments and it will serve for this fake bunch of crap too.  Because the fact of the matter is, there is absolutely NO reason for the price of gasoline to be rising.  There is no less oil coming out of the ground now than there was five years ago.   The only person psychotic enough to cut off his nose to spite his face and stop producing oil in his country was pulled out of a hole in the ground and hung quite some time ago.

But just like the war in Iraq and Afghanistan (remember Afghanistan? We’re still fighting over there! Does anyone know WHY?), the oil companies are in the habit now and they just can’t seem to stop raising prices.  Plus, we as a nation are rolling over like beta dogs and pissing all over ourselves while the oil companies and our government growl and show us their teeth so they have no reason to do any different.

I find it very interesting that our government will take a cut of the unprecedented profits, but they won’t bother to wonder WHY there were unprecedented profits to begin with.  It’s hard for me to teach my kids to be honest in their lives, to teach them that playing fair is the best way to go, when the government of our country encourages large corporations to lie and cheat just to that they themselves can take a cut of the loot produced by that immoral activity.

Wait!  I just figured it out!  I bet they will use those “unprecedented profits” to fund “Homeland Security!”  Damn.  Now I feel all unpatriotic and shit.  My bad.

 

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8 Responses to Government Looking At Ways To Deal With Unprecedented Gas Profits Being Made By Oil Companies

  1. pobept says:

    Hi, where can I get some of those woozels? Sounds like a good investment! O-You might like to read this one about Exxon.
    Hope you have a great weekend. Smile..

    Exxon will sell off its retail gas outlets
    By The Associated Press
    Article Launched: 06/12/2008 01:42:49 PM PDT

    HOUSTON – Exxon Mobil is getting out of the retail gasoline business, a market where profits have gotten tougher because of high crude oil prices.

    The world’s largest publicly traded oil company said Thursday it will sell its 820-company owned stations and another 1,400 outlets operated by dealers to gasoline distributors across the U.S.

    The Irving-based company didn’t disclose financial details but said the transition will take place over a “multiyear period.”

    However, motorists will continue to see Exxon and Mobil stations throughout the country. About 75 percent of its roughly 12,000 stations in the U.S. are owned by branded distributors. Exxon Mobil will still sell gasoline to those stations and get paid for the use of its name.

  2. thought4food says:

    Well, I don’t buy crude oil, po, I buy gasoline. Here’s a question: what makes more sense to you? I have 50 woozels to sell. My goal in sell my woozels is, obviously to make money. I can sell my woozels for $500.00 each, which is a fair price, and my woozels will sell fast and I can buy more woozels plus word of mouth will spread far and wide my my woozels sell at a fair price and I will make money long and well and I will prosper. OR…..I can sell my woozels for $5000.00 each and only the wealthy can afford my woozels. I can then take that money and buy out the other woozel producers and then I will be one of the big three woozel sellers and jack up my woozel prices even higher and fuck the little guy even more. Which one of these two scenarios seems like the saner one here? Especially when both ways produce a profit?
    But, we both miss the point……were it not for the speculators who take the thirty dollar a barrel original price and turn it into what it becomes, we wouldn’t even be having this discussion. My original point was that the oil companies don’t HAVE to price the gasoline at what they are pricing it at if they are making profits SO huge that special taxes have to be assessed to cover them. We were here in ’75’ when we had the “gas shortage’ that never was. How did the war in Iraq suddenly create this increase in demand for, in your words, crude oil?

  3. pobept says:

    HI, you seem to be hung up on the term gasoline, when the real question should be crude oil.
    About 20 gallons of gasoline is produced from each 42 gallon barrel of crude oil. So I guess the short answer is yes.
    World wide demand for crude oil has about tripled in the past 3 to 5 years and gasoline is just one of the many products derived form crude oil and that coincides with the time period of our current seemingly out of control gasoline prices.

  4. thought4food says:

    The question is this: Are we suddenly buying more gas?

  5. pobept says:

    Sorry this is an after though, please look at this site for a breakdown of the actual cost of gas and who gets what percentage of it’s selling price. This 2007 figures, new figures will be posted at the end of 2008

    http://www.eia.doe.gov/bookshelf/brochures/gasolinepricesprimer/

  6. pobept says:

    Much of this “unprecedented PROFITS” everyone is always throughing around is based in simple supply verses demand. I’ll only use 2 new big demand countries but this is a much larger than only these to countries.
    Go back to 2003 and look at oil and gasoline imported by China and India. Now look at the same figures for 2008. With over a billion Chinese and over a billion Indians, both countries economy improving and now their demands for oil and oil based products tripling or more, causes them to buy and import more.
    Sure the primary sellers of those products “Big Oil Companies” will make more money simply in volume of sales. The same rule applies no mater what the stock market is selling crude oil for.
    If you sell 10 widgets a day and make $10.00, then selling 100 widgets you make $100.00. Are you now price gouging? Your making 10 times the profit!

  7. thought4food says:

    This is true. You are absolutely right. And I have a huge beef with the speculators that run the price up in between the original people who actually drill the oil and the the ones who actually process it into useable form. THEY are the ones who jack the price up beyond all reasonable bounds to begin with. However, when the government has to try to figure out how they are going to deal with the “unprecedented PROFITS” being made, there is something rotten going on. If there are profits being made in that amount, then THEY aren’t being charged as much as they would have us believe they are.

  8. pobept says:

    I hate to be the one to point this out, but, unless the oil company own that oil well they must pay the price per barrel that everyone else does.
    YES, I know big oil does own a lot of wells, but the fact is if it is imported oil, in most cases Shell or who ever had to buy that oil at todays market price.
    Governments and oil companies have little control of oil prices That price is set by world demand via world wide stock market bidders.
    If China is willing to bid $150.00 a barrel, then if US company wants any of that oil, they to must pay $150.00 a barrel to get it.

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