Steer Planet - Show Steers and Club Calves Forum

Steer Planet Chat => The Big Show => Topic started by: Doc on January 31, 2008, 07:25:13 AM

Title: Shell Oil Company
Post by: Doc 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? ???
Title: Re: Shell Oil Company
Post by: kimbaljd 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
Title: Re: Shell Oil Company
Post by: SD 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.
Title: Re: Shell Oil Company
Post by: Ruchian on January 31, 2008, 08:50:54 AM
Gas is $3.05 and diesel is $3.35 here in SW Oregon.
Title: Re: Shell Oil Company
Post by: knabe 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?

Title: Re: Shell Oil Company
Post by: showsteernc 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.

[url]http://www.gasbuddy.com[/url]

Dang your cheap compaired to us. $2.97 for regular and 3.35 for diesel
Title: Re: Shell Oil Company
Post by: Longway Ranch - SK, Canada 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).
Title: Re: Shell Oil Company
Post by: knabe 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
Title: Re: Shell Oil Company
Post by: SD 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)
Title: Re: Shell Oil Company
Post by: Joe Boy 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.
Title: Re: Shell Oil Company
Post by: knabe 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.
Title: Re: Shell Oil Company
Post by: SD 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.
Title: Re: Shell Oil Company
Post by: Jill on January 31, 2008, 03:07:56 PM
I'm going to have to agree with SD on this one. 
Title: Re: Shell Oil Company
Post by: knabe 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.
Title: Re: Shell Oil Company
Post by: kimbaljd 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.
Title: Re: Shell Oil Company
Post by: kimbaljd on January 31, 2008, 08:58:17 PM
...
Title: Re: Shell Oil Company
Post by: OH Breeder on January 31, 2008, 10:42:15 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.
Have to say to a point that may true. But, it is also artificially elevated and manipulated by the reserves and the stock market.
Title: Re: Shell Oil Company
Post by: Joe Boy on January 31, 2008, 11:13:03 PM
I think every president we have ever had in my lifetime got blamed for what happen in the world.

I don't like the media for always pointing to the President, what ever one has been in office, and blasting away with both barrels.

I have always tried to vote for the person who I thought would help America the most.  I have voted for Republicans, Democrats, and Independents in my life time.  

I also think most people are blind to what the candidate they voted for has as weaknesses.  If we have show cattle we should know the animals strengths and weaknesses but in candidates we seem to think it means we failed if the candidate has a fault.  We do not use that logic with employees and that is all an elected official is.  I voted for Nixon and Reagan once.  I think that Nixon did more for farmers and worked with both sides of the isle than any republican or democrat in my lifetime.  I feel that Clinton worked with both sides but he was not as strong in helping the farm community.  Carter got great prices for the farmers but his interest rates under his administration hurt the farmers and when the prices dropped during Reagan's term those high interst rates killed the farmers who owe lots of money.  I know the interest rates went to the lowest that they had been in years under Reagan, but the prices dropped first then the rates followed and for those on the cutting edge this was a killer, because they had borrowed money to build hog parlors and milk barns and could not make the big payments.  I was on the AMPI board at the time and the dairy industry was really hurt especially for young families who did not have lots of parental help.  We were really dumb and gave everyone running for the final elections contributions and got no votes in either house.  I tried to tell them this would not work, but no one listened.

We also have a tendency to pass on e-mail junk mail cutting a candidate that we do not like without checking it out to see if it is true.  We call this morality????
I got one this week and three last week from "Christian" people and asked both of them to look it up and read it on snopes.  One wrote back and said the flag was green for one of the 4 things they had sent me, so they were right.  They never read it to see what it said.  I am not for the candidate in question but think honesty in our own dealings far out weighs what some body wrote about a candidate.

I do not like the party system because when it comes to push or shove, many candidates will vote the way the party says, rather than what the voters in their district want.  My friend was elected to the state house and he told teachers how he would vote on some issues, but when those hit the floor he voted the other way and was reminded that his party had paid a quarter million to get him to beat the incumbent.  He had the integrity to call and tell the teachers why he voted the way he did.  Had he been really honest he would have voted in agreement with what he told his constituents and told the party if they did not like his vote they could find another candidate the next term.  We have one Senator in Texas I really like, Kay Bailey Hutchinson.  She does exactly what she says and says what she feels.  I think that too much attention is paid to hired guns in Washington and the state capitals in America.  If I were in office, I would not listen to the Farm Bureau or Exxon, but to Tom, Jill, Sue, Mary, Paul, and Bill.  For that reason, I will never be elected.

P. S.  Fuel prices escalated before the democrats got control of either house.  The point I was making is that rural America is in trouble unless we can elect candidates that will have a genuine concern for our future.  Oil people got that done, but will we.  I certainly do not believe Mr. Bush is responsible for terror in the world.  I was and continue to be 100% behind getting after Ben Laden.
Title: Re: Shell Oil Company
Post by: SRU on January 31, 2008, 11:32:38 PM
 I think that too much attention is paid to hired guns in Washington and the state capitals in America.  If I were in office, I would not listen to the Farm Bureau or Exxon, but to Tom, Jill, Sue, Mary, Paul, and Bill.  For that reason, I will never be elected.

this is why i think the beltway should be dismantled.   move'm home, put their office on main street and get'em a high speed internet connection and a web cam.  i think that bumbing into their constituents would do this country a whole lot of good.  big business is done that way everyday and all around the world.
Title: Re: Shell Oil Company
Post by: knabe on February 01, 2008, 08:46:04 AM
  move'm home, put their office on main street

it was originally set up this way.  just like every other piece of government our founders set up to curb the excesses of government, it has been dismantled incrmentally.

the public refuses to get involved in local politics at a level sufficient to overcome the generational cycle of the parties which easily exceeds individuals life cycle.

with basically no local accountability, the obvious has happened.

the founders valued local government, and it was difficult to get TO washington, and there wasn't a long enough legislative session to make endless subsidies.

issues were usually larger in scope, rather than time to think about fining someone $70,000 for burning in their fireplace.

interesting clinton said the other day we need to curb growth to curb global warming.  only one thing is necessary for that, a static population.





Title: Re: Shell Oil Company
Post by: Doc on February 01, 2008, 05:38:39 PM
 Exxonmobil just reported profits of $40.6 BILLION , all time record. You get rid of all the ILLEGAL immigrants then we sure as heck would be using a lot less fuel .
Title: Re: Shell Oil Company
Post by: justintime on February 01, 2008, 06:10:41 PM
In some ways the oil business is almost obscene in the money that is being made. In my area, many of the oil wells being drilled ,have produced enough oil to pay for the drilling costs by the time the pipe is pulled and the drilling rig is moved off the site. For those fortunate to have oil rights, it has made many people multi millionaires in a very short time. I have a good friend who farms close to me, who makes 1 million a week from oil. There are many in the purebred cattle industry in Canada who have built their herds with oil money.

Many so called experts are predicting oil to high $150 a barrel in the next few years, which is over 50% more than it is right now. If that is the case, we will really see a change in the way we do things. One of my neighbours told me recently that his fuel bill during harvest last fall was $1400 a day. That may be OK with today's grain prices but grain is bound to drop again probably as soon as some country has a bumper crop again. Add these fuel prices to $400,000 combines, $325,000 Tractors and $185,000 air seeders etc etc etc, and farming appears to be a bigger game of chance than those offered in Vegas.

A tool push on a drilling rig recently told me that he had increased the wages $10 per hour right across the board, in hopes of getting enough workers. I asked if he would put that in terms that I could understand and he said that this means a kid out of high school washing equipment with a water hose would clear about $4000 a month. Someone who had worked on the rig for 5 years would average about $10,000 a month. Besides this, they have health benefits and there  is also an unwritten rule on the rigs that workers can fill their trucks with diesel fuel, from the drilling rig tanks. That is why you never see a gas truck at a rig site. I asked this guy why he was having so much trouble getting enough workers at those wages and he said " the reason is that every time we do a random drug test we lose about 1/2 of our workers". I guess that is a sign of the times. Personally, I think that if I had a chance to make $10,000 a month after working for 5 years, that I would be satisfied with having a beer on my day off, and be able to resist using drugs.

The problem that most of us in agriculture in the US and Canada have, is that we are very dependent on oil and its byproducts. Most everything we do, involves driving several miles. The next few years are going to get " very interesting".
Title: Re: Shell Oil Company
Post by: Joe Boy on February 01, 2008, 09:05:43 PM
Justintime:
Last year a rig drilled a well near my step-mother's place that I work...she owned 1/4 of the well.  It had a great showing but they could not make a well out of it.  The rig was moved 2 miles north and they had a GREAT showing but it didn't make a well.  The owners of the rig had an unannounced drug test.  The driller got back his results......  he was pregnant, the rest of his crew failed the test.  All were fired, and I guess the driller got a double whammy, as his girlfriend was pregnant and he had no job.  They moved the rig over 20 yards and hit a tremendous well but have not come back to near our place.
Title: Re: Shell Oil Company
Post by: kimbaljd on February 01, 2008, 09:13:54 PM
I dont know if it has been stated or not but, another big reason the gas prices are so high is our wonderful government and enviromentalists! They have it so NO ONE can build a refinery in the US. It is regulated so hard that it is not worth it for any company to build or they the govt just will not allow it. So in a way we are shooting ourselves in the foot in the US. We want our land to be perfect and we are not willing to give any to get any in return. By "we" I mean enviromentalists and all the tree huggers!
Title: Re: Shell Oil Company
Post by: SRU on February 01, 2008, 10:03:27 PM
that neighbor that hadn't started his tractor all winter sounds like a genious when you look at it that way.

In some ways the oil business is almost obscene in the money that is being made. In my area, many of the oil wells being drilled ,have produced enough oil to pay for the drilling costs by the time the pipe is pulled and the drilling rig is moved off the site. For those fortunate to have oil rights, it has made many people multi millionaires in a very short time. I have a good friend who farms close to me, who makes 1 million a week from oil. There are many in the purebred cattle industry in Canada who have built their herds with oil money.

Many so called experts are predicting oil to high $150 a barrel in the next few years, which is over 50% more than it is right now. If that is the case, we will really see a change in the way we do things. One of my neighbours told me recently that his fuel bill during harvest last fall was $1400 a day. That may be OK with today's grain prices but grain is bound to drop again probably as soon as some country has a bumper crop again. Add these fuel prices to $400,000 combines, $325,000 Tractors and $185,000 air seeders etc etc etc, and farming appears to be a bigger game of chance than those offered in Vegas.

A tool push on a drilling rig recently told me that he had increased the wages $10 per hour right across the board, in hopes of getting enough workers. I asked if he would put that in terms that I could understand and he said that this means a kid out of high school washing equipment with a water hose would clear about $4000 a month. Someone who had worked on the rig for 5 years would average about $10,000 a month. Besides this, they have health benefits and there  is also an unwritten rule on the rigs that workers can fill their trucks with diesel fuel, from the drilling rig tanks. That is why you never see a gas truck at a rig site. I asked this guy why he was having so much trouble getting enough workers at those wages and he said " the reason is that every time we do a random drug test we lose about 1/2 of our workers". I guess that is a sign of the times. Personally, I think that if I had a chance to make $10,000 a month after working for 5 years, that I would be satisfied with having a beer on my day off, and be able to resist using drugs.

The problem that most of us in agriculture in the US and Canada have, is that we are very dependent on oil and its byproducts. Most everything we do, involves driving several miles. The next few years are going to get " very interesting".
Title: Re: Shell Oil Company
Post by: Jason on February 03, 2008, 01:02:24 AM
Two Words - Fuel Cells

Title: Re: Shell Oil Company
Post by: garybob on February 03, 2008, 04:14:37 PM
"Static Population"

Don't they practice that in China?

Can you fully explain your theories? My 'Hillbilly' mind can't fathom controlling the population, without equating this idea to EXTREME Government intervention into our personal lives.

GB
Title: Re: Shell Oil Company
Post by: simtal on February 03, 2008, 10:45:52 PM
Has anyone seen the new movie "There will be blood"?  FYI, its loosely based on Upton Sinclair's Oil! The quote near the end:  I drink your milshake! I drink it up! --Much like shell oil only with our dollars as a milkshake.
Title: Re: Shell Oil Company
Post by: knabe on February 04, 2008, 11:51:03 AM
"Static Population"

Don't they practice that in China?

Can you fully explain your theories? My 'Hillbilly' mind can't fathom controlling the population, without equating this idea to EXTREME Government intervention into our personal lives.

GB

japan does a pretty good job controlling population, so does europe.  it doesn't have to come from the government as in china, and they are in a population panic.

basically you can "control" population by not subsidizing it and increasing incentives for responsibility.
one could do this by eliminating the child tax credit after 2 kids.
enforcing zoning laws
illegals (of any race) entering a market, by it's very nature, requires more kids and more of them living in the currently zoned restrictions.

take away the incentives and people will have less kids, in general.  we did in america, and now the tables are being turned for both votes and cheaper labor.  nurses and teachers from the philippines at cut rate salaries to teach americans and provide health care is going to be another thing california gives you.  they can't, by percentages communicate with the people being served because of their cultural differences.

we just refuse to "subsidize" legal behavior.  its' really as simple as that.  bush chose to subsidize illegal behavior, all the while proclaiming to be a law abiding citizen.  he had an illegal alien housekeeper for years.  senators lost their jobs over this, but bush was able to keep it quiet.


ponzi schemes are the most underreported and least identified tax draining, vote diliuting practice in the world today.
Title: Re: Shell Oil Company
Post by: garybob on February 04, 2008, 12:08:00 PM
Filipina Nurses are already in NW AR. Especially in Harrison and Mountain Home, at those two hospitals.
Title: Re: Shell Oil Company
Post by: chambero on February 04, 2008, 04:18:39 PM
I drive a 100 miles each way to my office.  So I feel the pain of gas prices.  But our oil was way too cheap for way too long.  It's a little on the high side now, but don't forget that all this money get pumped right back into the economy.  Texas as a whole does very well when oil prices are good.  It helps our schools, our cities, and businesses a lot.

Your nuclear power is on the way. There are going to be a bunch of them built in the next couple of decades.  You don't hear anything about it, but the environmental groups support them because the alternative is more coal plants.  Permit applications are being finalized for over two dozen new reactors now.

Bush isn't that bad and neither was Clinton.  Bush has served his purpose and I will be glad to get someone new.  If nothing else, we've put the world on notice not to push us too far.  A whole lot of congressman from both parties were just fine with letting Bush play bad cop.  I just don't particularly like any of the front runners from either party.
Title: Re: Shell Oil Company
Post by: kimbaljd on February 04, 2008, 09:24:30 PM
I am completely with you Chambero. Our gas has been very cheap compared to Europe and other countries. I also drive about 70 miles a day and am feeling the pain but has been a long time coming. I am from Houston so I see all the benefits of the high oil prices as well.

I think there are a lot more politicians that agree with Bush than are letting on, but its politics and they are just going to say whatever the people want to hear. Which is actually disgusting. Say what you mean and mean what you say.