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Offline Doc

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Shell Oil Company
« on: January 31, 2008, 07:25:13 AM »
  I just paid $3.16 for diesel & $2.89 for regular unleaded gas. This morning , lead off story on the news is Shell made $27.6 BILLION in profit!!!!! Now tell me how this makes sense? ???
A government big enough to give you everything you want, is strong
enough to take everything you have.   -- Thomas Jefferson

Offline kimbaljd

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Re: Shell Oil Company
« Reply #1 on: January 31, 2008, 07:37:46 AM »
2.70 unleaded 3.05 diesel here in south Texas. This gas increase has really put a big squeeze on my budget. Sad thing is, what can you do other than gripe?
Try this link out I added.

http://www.gasbuddy.com
Jason

Offline SD

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Re: Shell Oil Company
« Reply #2 on: January 31, 2008, 08:22:49 AM »
Great link K!

As for oil company profits, they might not be so high if they were allowed to drill (very expensive) and build more refineries (expensive). The problem is not their profits but the government's control which is having the effect of pooling the cash.
Tact and Political Correctness were developed by those who lack the Testicular Fortitude to say what they really mean.

Offline Ruchian

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Re: Shell Oil Company
« Reply #3 on: January 31, 2008, 08:50:54 AM »
Gas is $3.05 and diesel is $3.35 here in SW Oregon.
Dusty M.

Offline knabe

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Re: Shell Oil Company
« Reply #4 on: January 31, 2008, 09:21:59 AM »
profit margin supposedly is around 8-10%. 

the other reason the number probably looks so big compared to years past is becauase the companies are more consolidated now, they have grown through acquisition.

the other reason they have profits so high, is that compared to the past, they are investing less in new capitalization because they can't drill anywhere compared to years past.  with this cost taken out, it's pretty easy to rationalize paying one'self a high salary.

once again, thank the environmentalists and democrats for jacking these profits up, in addition to giving them, and obviously other industries, tax breaks, subsidies etc.

it's not the oil companies fault for making a profit everyone wants to make themselves.

profit is not evil, it's simply a reward for giving consumers what they want.

try this on for size, reduce carbon emission by 80%.  how is that going to be possible?  who is the real villain?


Offline showsteernc

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Re: Shell Oil Company
« Reply #5 on: January 31, 2008, 10:11:15 AM »
2.70 unleaded 3.05 diesel here in south Texas. This gas increase has really put a big squeeze on my budget. Sad thing is, what can you do other than gripe?
Try this link out I added.

http://www.gasbuddy.com

Dang your cheap compaired to us. $2.97 for regular and 3.35 for diesel

Offline Longway Ranch - SK, Canada

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Re: Shell Oil Company
« Reply #6 on: January 31, 2008, 10:17:20 AM »
I am in Saskatchewan, and for a long time gas has been well over $1/litre, which is comparable to $4/U.S. Gallon.  Diesel is higher.  Now take that!!  (with a grain of salt).
Longway Ranch - SK, Canada
306-730-7822

Offline knabe

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Re: Shell Oil Company
« Reply #7 on: January 31, 2008, 10:19:08 AM »
around 3.20 for regular in gilroy CA.

check out prices in SF or hawaii.  ugh.

must              not                  drill                   for                         oil                         in                          the                         us,                espcially               off                the                 coast                     of                               ca,                                    fl,                                   or                                      alaska                                        must                                  resist                                        even                               if                  it                          hurts                                  the                                   poor                                         the                                       most                                      because                                 they                           will                            vote                                dem                                no                                   matter                                           what                                  cuz                                          edwards                and                            the                           dems                           care                             about                                them                              so                             much

Offline SD

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Re: Shell Oil Company
« Reply #8 on: January 31, 2008, 10:47:35 AM »
Knabe - I am still laughing. And it's only going to get funnier before it get better. (clapping) (clapping) (clapping) (clapping)
Tact and Political Correctness were developed by those who lack the Testicular Fortitude to say what they really mean.

Offline Joe Boy

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Re: Shell Oil Company
« Reply #9 on: January 31, 2008, 01:24:28 PM »
Here in North Texas we are paying 2.83 at Wal-Mart, 2.91-3.01 every where else and road diesel is 3.21 at Wal-Mart and 3.35-3.41 every where else.

We deserve higher gas and fuel cost, as we voted two oil men into the White House.  When we had a lover in the White House, it was affordable.  We have made Hallaburton and Oil companies rich the last 6 and half years.  I hope we can get two farmers in the White House, but none of them have the money to run.

Our fertilizer here is approaching $650 per ton.  Even with anhydros.  Seems the Chinese are buying it all and it is a bi-product of oil.  That was the reason given for sheet-rock, steel, plywood, and cement going up too.  The Chinese are buying everything with the dollars going out of the United States.  We owe them the largest portion of our national debt.  I got tired of Hillary and Obama talking about who was the most black last week while the economy is headed south fast.  Edwards was by far the best of the three and now he has stepped aside. 

George W. Bush has been the most prolific spender ever as president and many republicans have forgotten that the first six years of his services was with a house and senate who were majority from his same party.  McCain has opposed the president's policy several times and is a good candidate.  Many have slurred the democrat party for spending but all their spending has never equalled what was supposed to be a conservative leadership who rewarded the rich with less taxes to create job and stimulate new state of the ark facilities, but the money was kept from circulations, no new jobs, and more jobs have gone overseas.  When Bill Clinton left office we had a surplus for the first time in many years.  Our congressman asked us what to do with it.  I was at the meeting and told him that two things I felt like would be right:  1.  To put back into the social security what Mr. Reagan had taken out and Mr. Thorneberry told me by law they could not do that.  2.  I told him to use it to pay the national debt.  Everyone of here who paid taxes were refunded money.  That might have gotten votes but it did not help any of the situations that should have been given priority.  Mr. Clinton and the republican controlled  House and and senate were the most conservative presidency we have have had.  Mr. Clinton was so conservative in his financial leadership that many republicans said he is coping our ideas, and many democrats were saying he is too conservative for us. 

One attorney friend of mine, a democrat,  said, "We need to elect the house and Senate of one party and the presidency of another and maybe that way they will not mess it up worse."  There might be some merit to what he has said.

My son will not vote for anyone not on the republican ticket because he says they stand for morality.  I asked him then why did we not get some of the moral issues past while the republicans controlled both houses and the presidency?  I told him many republicans run on moral issues for a sham.  Many democrats have been defeated that were very moral and stood for morality on every side.  I would guess from many of the scandals that have come from our politicians that morals are an issue with both parties.  Morality is telling the truth.  When I ran for office, some would not vote for me because I would treat all people equally.  Actually, a church had a meeting and asked their members not to vote for me because I would treat the poor and rich; people of position and those from the wrong side of the track, white and black, white and Mexican, alike.  I took that as a compliment, because that was moral.  Morality is saying and doing what you say, not just having illicit affairs.  Those who signed the contract with America and are still in office have no morals, as their promise was a three term office.  Oh yes, the act that defined marriage as between one man and one woman was past and signed while Bill Clinton was president, but has not been enforced by his successor.

Let all of us pray that who ever is elected will lead our country in the best way to insure our continued prosperity and great future.
A soft answer turns away wrath,  But a harsh word stirs up anger.  Prov 15:1 (NKJV)

Offline knabe

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Re: Shell Oil Company
« Reply #10 on: January 31, 2008, 01:36:04 PM »
good post joe boy

the constitution was set up so NOTHING (well ok, as little as possible) could get done.  the barriers preventing this have fallen, and there is no difference between the two parties.  it's debatable whether clinton left a surplus, and obviously bush compassionate conservatism has nothing to do with conserving anything.  he's the worst thing that ever happened to the republican party and pretty close to being one of the worst presidents ever.  i'm pretty sure any president would have done something after 911, and i would have preferred we would have restricted ourselves to afghanistan and not relied on others in tora bora.

the no flyzone thing was working, the oil for food was not, the kurds deserve autonomy, just like the israelis and palestinians, though not two islands in israel, and should involve a  muslim country giving up territory as well, but definately no the golan heights as this is a strategic missile launching point and too hard to resist for hard line muslims.

i haven't seen too many politicians stand for anything other than more government.  it's a business now.

Offline SD

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Re: Shell Oil Company
« Reply #11 on: January 31, 2008, 02:52:52 PM »
High oil prices reflect the rise in demand not who's in the White House. It could just as easily be said that the real spike in oil prices happened after the Dems gained control of Congress. And thus the flip side would be, that when viewed in a historical context, Ronald Reagan gave us the cheapest.

The cause is us people.

I vote for more nuclear power. Fission is the future.
Tact and Political Correctness were developed by those who lack the Testicular Fortitude to say what they really mean.

Offline Jill

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Re: Shell Oil Company
« Reply #12 on: January 31, 2008, 03:07:56 PM »
I'm going to have to agree with SD on this one. 

Offline knabe

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Re: Shell Oil Company
« Reply #13 on: January 31, 2008, 03:19:34 PM »
i agree with sd as well, though creating artificial shortages is part of the problem.

supply is not allowed to react domestically to the demand.  It is a function of who is in congress, the coastal commission in CA and similar groups and the governors who appoint them.

when clinton signed all that "clean" coal out of being used and allowed us to be dependent on indonesian coal, this also imposed an artificial shortage and WAS dependent on who was in the white house.  one has to only look at taking resources off the table.  nuclear is being hurt by an artificial waste problem also created by an artificial concern over "spent" fuel rods the french somehow deplete more than we do and have less concentrated waste.

facts don't get in the way.

Offline kimbaljd

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Re: Shell Oil Company
« Reply #14 on: January 31, 2008, 04:26:31 PM »
I am not going to defend Bush in any way, but I think it is completely funny how everything that is wrong with America and the World for that matter is his fault. For so many people to say that he is a stupid man seems kind of absurd that he would be able to cause all this terror and havoc on the world that he has.
Jason

 

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