Best decision is to buy a fuel efficient car and take advantages of the low gas prices. Sooner or later they will figure out how to get oil back to 200 dollars a barrel. Got to keep those dollars flowing into corporate coffers and Russia and Saudi and Alaska.
I just wonder if Obama is encouraging the Saudis to keep oil low in order to punish Putin. The Saudis may have other reasons as well — they can take a hit for a while and still make it, but other energy producers (and producers of other forms of energy) may fail in the meantime.
BTW on those gas prices and who gets the cash: my father in law had a Mobil station in San Francisco for many years as an independent. The most HE ever got per gallon was around 5 cents, and that hasn’t changed today; the station folks get squat as the wholesalers and base corporations like Mobil, Chevron, Shell, BP, stage the business, including paying themselves for “distribution” as well as refining and production at the well head, have always, and still do, get well over 90% of the profits, and cash from the pump.
I’d say roughly one-half of one percent, at most, of folks in the “general public” have even the slightest clue about how the energy industry functions. That’s especially true as wind, solar, and nuclear are also now controlled by the fossil fuel boys to an ever increasing percentage. Hydro still owes a lot to government dams in Tennessee and the west, but those “energy” companies are working their way in there too.
When gas was 23 cents a gallon, a friend who owned and oil company wells, refinery, and stations, said it well, “Owning an oil company is a license to print money.” Today it also means being able to digitally 3-D print your very own Congressperson robot as well!
“Regardless of gas prices, big trucks lead in sales because they’re not just transportation, they’re useful tools.”They’re useful tools that are purchased by middle class suburbanites to stoke their ego, not get dirty at a job site. It’s like the suburbanite housewives who drive off-road SUVs to the mall.
“Just remember the Liberal Mantra: Never drill for oil because it won’t be on-line for 6-10 years.”That is your mantra of liberal mantra. As per usual, no basis in reality.
Dtroutma over 9 years ago
Wait til the spring driing season comes back.
Theodore E. Lind Premium Member over 9 years ago
Best decision is to buy a fuel efficient car and take advantages of the low gas prices. Sooner or later they will figure out how to get oil back to 200 dollars a barrel. Got to keep those dollars flowing into corporate coffers and Russia and Saudi and Alaska.
lonecat over 9 years ago
I just wonder if Obama is encouraging the Saudis to keep oil low in order to punish Putin. The Saudis may have other reasons as well — they can take a hit for a while and still make it, but other energy producers (and producers of other forms of energy) may fail in the meantime.
Dtroutma over 9 years ago
BTW on those gas prices and who gets the cash: my father in law had a Mobil station in San Francisco for many years as an independent. The most HE ever got per gallon was around 5 cents, and that hasn’t changed today; the station folks get squat as the wholesalers and base corporations like Mobil, Chevron, Shell, BP, stage the business, including paying themselves for “distribution” as well as refining and production at the well head, have always, and still do, get well over 90% of the profits, and cash from the pump.
I’d say roughly one-half of one percent, at most, of folks in the “general public” have even the slightest clue about how the energy industry functions. That’s especially true as wind, solar, and nuclear are also now controlled by the fossil fuel boys to an ever increasing percentage. Hydro still owes a lot to government dams in Tennessee and the west, but those “energy” companies are working their way in there too.
When gas was 23 cents a gallon, a friend who owned and oil company wells, refinery, and stations, said it well, “Owning an oil company is a license to print money.” Today it also means being able to digitally 3-D print your very own Congressperson robot as well!
lonecat over 9 years ago
And if gas stays at $60 or so, there won’t be such a push for the Keystone pipeline, so Obama will be able to punt on it.
Jason Allen over 9 years ago
“Regardless of gas prices, big trucks lead in sales because they’re not just transportation, they’re useful tools.”They’re useful tools that are purchased by middle class suburbanites to stoke their ego, not get dirty at a job site. It’s like the suburbanite housewives who drive off-road SUVs to the mall.
Dtroutma over 9 years ago
Hmm, big trucks are usefull tools the 10% or less of the time that 99% of those sold as “tools”, are normally transorting one person and an empty bed.
eugene: also worked one summer at a drive in, the snack bar is the only money maker, indeed, the movie is just the advertising.
eugene57 over 9 years ago
“Just remember the Liberal Mantra: Never drill for oil because it won’t be on-line for 6-10 years.”That is your mantra of liberal mantra. As per usual, no basis in reality.