Home |
Search |
Today's Posts |
|
Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work. |
Reply |
|
LinkBack | Thread Tools | Display Modes |
#1
Posted to rec.crafts.metalworking
|
|||
|
|||
27 cents a mile, for gasoline alone
Bought some gas. Divided out the numbers.
About 27 cents a mile, to make my Blazer go. Ouch, not going to do much metal working, if it involves driving places. Christopher A. Young Learn more about Jesus www.lds.org .. |
#2
Posted to rec.crafts.metalworking
|
|||
|
|||
27 cents a mile, for gasoline alone
On Oct 7, 6:59*pm, "Stormin Mormon"
wrote: Bought some gas. Divided out the numbers. About 27 cents a mile, to make my Blazer go. Ouch, not going to do much metal working, if it involves driving places. Christopher A. Young Learn more about Jesus *www.lds.org . Remember that the next time a conservative wants America to stay addicted to foreign oil. TMT |
#3
Posted to rec.crafts.metalworking
|
|||
|
|||
27 cents a mile, for gasoline alone
"Too_Many_Tools" wrote in message ... On Oct 7, 6:59 pm, "Stormin Mormon" wrote: About 27 cents a mile, to make my Blazer go. Remember that the next time a conservative wants America to stay addicted to foreign oil. TMT Wait till the last phase of the Keystone pipeline gets completed....and starts providing ready access of Canadian oil to the global marketplace, where there are plenty of buyers who will be more than willing to outbid the average US consumer. |
#4
Posted to rec.crafts.metalworking
|
|||
|
|||
27 cents a mile, for gasoline alone
On Oct 8, 11:08*am, "PrecisionmachinisT"
wrote: "Too_Many_Tools" wrote in message ... On Oct 7, 6:59 pm, "Stormin Mormon" wrote: About 27 cents a mile, to make my Blazer go. Remember that the next time a conservative wants America to stay addicted to foreign oil. TMT Wait till the last phase of *the Keystone pipeline gets completed....and starts providing ready access of Canadian oil to the global *marketplace, where there are plenty of buyers who will be more than willing to outbid the average US consumer. The pipeline would not have altered the current pricing fiasco a single penny. The problem is that companies do not want to invest in infrastructure..refinery assets..so any disruption causes wild price swings in the futures market. Oil companies make hundreds of billions off the American public and yet do not build any reserve into their supply line. If you want this behavior to stop, the Government would need to require (regulate) the oil companies to have reserve built into the supply line...which would mean that the companies could not squeeze every last penny out of the consumer. Allowing companies free range in the "free market" (remember that these companies get billions of dollars of tax payer welfare) means that the consumer is the last concern of your oil company CEO. TMT |
#5
Posted to rec.crafts.metalworking
|
|||
|
|||
27 cents a mile, for gasoline alone
On Oct 8, 9:08*am, "PrecisionmachinisT"
wrote: "Too_Many_Tools" wrote in message ... On Oct 7, 6:59 pm, "Stormin Mormon" wrote: About 27 cents a mile, to make my Blazer go. Remember that the next time a conservative wants America to stay addicted to foreign oil. TMT Wait till the last phase of *the Keystone pipeline gets completed....and starts providing ready access of Canadian oil to the global *marketplace, where there are plenty of buyers who will be more than willing to outbid the average US consumer. Other countries outbidding the US for oil is just around the corner. |
#6
Posted to rec.crafts.metalworking
|
|||
|
|||
27 cents a mile, for gasoline alone
On Mon, 8 Oct 2012 12:53:23 -0700 (PDT), Too_Many_Tools
wrote: On Oct 8, 11:08*am, "PrecisionmachinisT" wrote: "Too_Many_Tools" wrote in message ... On Oct 7, 6:59 pm, "Stormin Mormon" wrote: About 27 cents a mile, to make my Blazer go. Remember that the next time a conservative wants America to stay addicted to foreign oil. TMT Wait till the last phase of *the Keystone pipeline gets completed....and starts providing ready access of Canadian oil to the global *marketplace, where there are plenty of buyers who will be more than willing to outbid the average US consumer. The pipeline would not have altered the current pricing fiasco a single penny. The problem is that companies do not want to invest in infrastructure..refinery assets..so any disruption causes wild price swings in the futures market. Oil companies make hundreds of billions off the American public and yet do not build any reserve into their supply line. If you want this behavior to stop, the Government would need to require (regulate) the oil companies to have reserve built into the supply line...which would mean that the companies could not squeeze every last penny out of the consumer. Allowing companies free range in the "free market" (remember that these companies get billions of dollars of tax payer welfare) means that the consumer is the last concern of your oil company CEO. TMT Interesting. Strange that while I was associated with the oil business, for some 20+ years, I never saw an oil company that did anything but produce at maximum capability for the life of the field. What "regulation: would you suggest for a company that has already pulled out all the stops? Perhaps cut production say 10%? If all oil companies cut production by 10% then that means there is 10% less oil in the pipe line and the price go up again. You obviously know nothing about the petroleum market. -- Cheers, John B. |
#7
Posted to rec.crafts.metalworking
|
|||
|
|||
27 cents a mile, for gasoline alone
On Tue, 09 Oct 2012 08:35:38 +0700, John B.
wrote: On Mon, 8 Oct 2012 12:53:23 -0700 (PDT), Too_Many_Tools wrote: On Oct 8, 11:08*am, "PrecisionmachinisT" wrote: "Too_Many_Tools" wrote in message ... On Oct 7, 6:59 pm, "Stormin Mormon" wrote: About 27 cents a mile, to make my Blazer go. Remember that the next time a conservative wants America to stay addicted to foreign oil. TMT Wait till the last phase of *the Keystone pipeline gets completed....and starts providing ready access of Canadian oil to the global *marketplace, where there are plenty of buyers who will be more than willing to outbid the average US consumer. The pipeline would not have altered the current pricing fiasco a single penny. The problem is that companies do not want to invest in infrastructure..refinery assets..so any disruption causes wild price swings in the futures market. Oil companies make hundreds of billions off the American public and yet do not build any reserve into their supply line. If you want this behavior to stop, the Government would need to require (regulate) the oil companies to have reserve built into the supply line...which would mean that the companies could not squeeze every last penny out of the consumer. Allowing companies free range in the "free market" (remember that these companies get billions of dollars of tax payer welfare) means that the consumer is the last concern of your oil company CEO. TMT Interesting. Strange that while I was associated with the oil business, for some 20+ years, I never saw an oil company that did anything but produce at maximum capability for the life of the field. Kern Sunset/Kern County shut down a LOT of its production in the mid 1980s..when oil went to $8 a barrel, from $27. It was costing $12 to produce. We lost 55 businesses in the first 6 months and some 8,000 of our local population by 1989. http://www.aapg.org/explorer/2006/01jan/crash.cfm What "regulation: would you suggest for a company that has already pulled out all the stops? Perhaps cut production say 10%? If all oil companies cut production by 10% then that means there is 10% less oil in the pipe line and the price go up again. You obviously know nothing about the petroleum market. "The best government is a benevolent tyranny tempered by an occasional assassination." --Voltaire |
#8
Posted to rec.crafts.metalworking
|
|||
|
|||
27 cents a mile, for gasoline alone
On Tue, 09 Oct 2012 02:11:55 -0700, Gunner
wrote: On Tue, 09 Oct 2012 08:35:38 +0700, John B. wrote: On Mon, 8 Oct 2012 12:53:23 -0700 (PDT), Too_Many_Tools wrote: On Oct 8, 11:08*am, "PrecisionmachinisT" wrote: "Too_Many_Tools" wrote in message ... On Oct 7, 6:59 pm, "Stormin Mormon" wrote: About 27 cents a mile, to make my Blazer go. Remember that the next time a conservative wants America to stay addicted to foreign oil. TMT Wait till the last phase of *the Keystone pipeline gets completed....and starts providing ready access of Canadian oil to the global *marketplace, where there are plenty of buyers who will be more than willing to outbid the average US consumer. The pipeline would not have altered the current pricing fiasco a single penny. The problem is that companies do not want to invest in infrastructure..refinery assets..so any disruption causes wild price swings in the futures market. Oil companies make hundreds of billions off the American public and yet do not build any reserve into their supply line. If you want this behavior to stop, the Government would need to require (regulate) the oil companies to have reserve built into the supply line...which would mean that the companies could not squeeze every last penny out of the consumer. Allowing companies free range in the "free market" (remember that these companies get billions of dollars of tax payer welfare) means that the consumer is the last concern of your oil company CEO. TMT Interesting. Strange that while I was associated with the oil business, for some 20+ years, I never saw an oil company that did anything but produce at maximum capability for the life of the field. Kern Sunset/Kern County shut down a LOT of its production in the mid 1980s..when oil went to $8 a barrel, from $27. It was costing $12 to produce. Your production costs seem pretty high for those years. Off shore production in Indonesia (about 100 ft water) in the same period was cheaper then that, although granted costs per barrel go up as production decreases and there aren't many small offshore wells :-) We lost 55 businesses in the first 6 months and some 8,000 of our local population by 1989. http://www.aapg.org/explorer/2006/01jan/crash.cfm What "regulation: would you suggest for a company that has already pulled out all the stops? Perhaps cut production say 10%? If all oil companies cut production by 10% then that means there is 10% less oil in the pipe line and the price go up again. You obviously know nothing about the petroleum market. "The best government is a benevolent tyranny tempered by an occasional assassination." --Voltaire -- Cheers, John B. |
#9
Posted to rec.crafts.metalworking
|
|||
|
|||
27 cents a mile, for gasoline alone
On Tue, 09 Oct 2012 20:03:23 +0700, John B.
wrote: On Tue, 09 Oct 2012 02:11:55 -0700, Gunner wrote: On Tue, 09 Oct 2012 08:35:38 +0700, John B. wrote: On Mon, 8 Oct 2012 12:53:23 -0700 (PDT), Too_Many_Tools wrote: On Oct 8, 11:08*am, "PrecisionmachinisT" wrote: "Too_Many_Tools" wrote in message ... On Oct 7, 6:59 pm, "Stormin Mormon" wrote: About 27 cents a mile, to make my Blazer go. Remember that the next time a conservative wants America to stay addicted to foreign oil. TMT Wait till the last phase of *the Keystone pipeline gets completed....and starts providing ready access of Canadian oil to the global *marketplace, where there are plenty of buyers who will be more than willing to outbid the average US consumer. The pipeline would not have altered the current pricing fiasco a single penny. The problem is that companies do not want to invest in infrastructure..refinery assets..so any disruption causes wild price swings in the futures market. Oil companies make hundreds of billions off the American public and yet do not build any reserve into their supply line. If you want this behavior to stop, the Government would need to require (regulate) the oil companies to have reserve built into the supply line...which would mean that the companies could not squeeze every last penny out of the consumer. Allowing companies free range in the "free market" (remember that these companies get billions of dollars of tax payer welfare) means that the consumer is the last concern of your oil company CEO. TMT Interesting. Strange that while I was associated with the oil business, for some 20+ years, I never saw an oil company that did anything but produce at maximum capability for the life of the field. Kern Sunset/Kern County shut down a LOT of its production in the mid 1980s..when oil went to $8 a barrel, from $27. It was costing $12 to produce. Your production costs seem pretty high for those years. Off shore production in Indonesia (about 100 ft water) in the same period was cheaper then that, although granted costs per barrel go up as production decreases and there aren't many small offshore wells :-) Steam injection costs money. As does our shortage of water. About half the following article is slanted badly. Like a bookcase about to crash. But it will give you some idea of the issues here. http://www.orionmagazine.org/index.p.../article/6047/ We lost 55 businesses in the first 6 months and some 8,000 of our local population by 1989. http://www.aapg.org/explorer/2006/01jan/crash.cfm What "regulation: would you suggest for a company that has already pulled out all the stops? Perhaps cut production say 10%? If all oil companies cut production by 10% then that means there is 10% less oil in the pipe line and the price go up again. You obviously know nothing about the petroleum market. "The best government is a benevolent tyranny tempered by an occasional assassination." --Voltaire "The best government is a benevolent tyranny tempered by an occasional assassination." --Voltaire |
#10
Posted to rec.crafts.metalworking
|
|||
|
|||
27 cents a mile, for gasoline alone
On Tue, 09 Oct 2012 08:43:17 -0700, Gunner
wrote: On Tue, 09 Oct 2012 20:03:23 +0700, John B. wrote: On Tue, 09 Oct 2012 02:11:55 -0700, Gunner wrote: On Tue, 09 Oct 2012 08:35:38 +0700, John B. wrote: On Mon, 8 Oct 2012 12:53:23 -0700 (PDT), Too_Many_Tools wrote: On Oct 8, 11:08*am, "PrecisionmachinisT" wrote: "Too_Many_Tools" wrote in message ... On Oct 7, 6:59 pm, "Stormin Mormon" wrote: About 27 cents a mile, to make my Blazer go. Remember that the next time a conservative wants America to stay addicted to foreign oil. TMT Wait till the last phase of *the Keystone pipeline gets completed....and starts providing ready access of Canadian oil to the global *marketplace, where there are plenty of buyers who will be more than willing to outbid the average US consumer. The pipeline would not have altered the current pricing fiasco a single penny. The problem is that companies do not want to invest in infrastructure..refinery assets..so any disruption causes wild price swings in the futures market. Oil companies make hundreds of billions off the American public and yet do not build any reserve into their supply line. If you want this behavior to stop, the Government would need to require (regulate) the oil companies to have reserve built into the supply line...which would mean that the companies could not squeeze every last penny out of the consumer. Allowing companies free range in the "free market" (remember that these companies get billions of dollars of tax payer welfare) means that the consumer is the last concern of your oil company CEO. TMT Interesting. Strange that while I was associated with the oil business, for some 20+ years, I never saw an oil company that did anything but produce at maximum capability for the life of the field. Kern Sunset/Kern County shut down a LOT of its production in the mid 1980s..when oil went to $8 a barrel, from $27. It was costing $12 to produce. Your production costs seem pretty high for those years. Off shore production in Indonesia (about 100 ft water) in the same period was cheaper then that, although granted costs per barrel go up as production decreases and there aren't many small offshore wells :-) Steam injection costs money. I didn't realize that they were into secondary recovery systems and yes, steam injection does cost more money. As does our shortage of water. About half the following article is slanted badly. Like a bookcase about to crash. But it will give you some idea of the issues here. http://www.orionmagazine.org/index.p.../article/6047/ Well, some fairly spirited writing there and he missed a bunch of facts but not a bad story. What he seems to be missing though is the reason for the horrid oil companies being so bloated with wealth. People seem to have difficulty remembering that the oil company's profits result solely from people buying their product. We lost 55 businesses in the first 6 months and some 8,000 of our local population by 1989. http://www.aapg.org/explorer/2006/01jan/crash.cfm What "regulation: would you suggest for a company that has already pulled out all the stops? Perhaps cut production say 10%? If all oil companies cut production by 10% then that means there is 10% less oil in the pipe line and the price go up again. You obviously know nothing about the petroleum market. "The best government is a benevolent tyranny tempered by an occasional assassination." --Voltaire "The best government is a benevolent tyranny tempered by an occasional assassination." --Voltaire -- Cheers, John B. |
#11
Posted to rec.crafts.metalworking
|
|||
|
|||
27 cents a mile, for gasoline alone
On Wed, 10 Oct 2012 12:02:59 +0700, John B.
wrote: About half the following article is slanted badly. Like a bookcase about to crash. But it will give you some idea of the issues here. http://www.orionmagazine.org/index.p.../article/6047/ Well, some fairly spirited writing there and he missed a bunch of facts but not a bad story. What he seems to be missing though is the reason for the horrid oil companies being so bloated with wealth. People seem to have difficulty remembering that the oil company's profits result solely from people buying their product. What I always find fascinating..is that oil companies Net about 5-8 cents profit per gallon of whatever the output is...gasoline, diesel, benzine etc. Not Percent...but $0.05 per gallon Yet each state and the Feral government makes between .25 and .50 cents per gallon..with Zero work for it, in taxes. http://www.api.org/Oil-and-Natural-G...l-summary.ashx http://www.api.org/Oil-and-Natural-G...uel-Taxes.aspx This does NOT include sales taxes, buried tank taxes and a host of other income revenue taxes that are charged. etc etc Yet the oil companies are making huge profits. A nickle at a time. Gunner "The best government is a benevolent tyranny tempered by an occasional assassination." --Voltaire |
#12
Posted to rec.crafts.metalworking
|
|||
|
|||
27 cents a mile, for gasoline alone
On Sat, 13 Oct 2012 11:37:17 -0700, Gunner
wrote: On Wed, 10 Oct 2012 12:02:59 +0700, John B. wrote: About half the following article is slanted badly. Like a bookcase about to crash. But it will give you some idea of the issues here. http://www.orionmagazine.org/index.p.../article/6047/ Well, some fairly spirited writing there and he missed a bunch of facts but not a bad story. What he seems to be missing though is the reason for the horrid oil companies being so bloated with wealth. People seem to have difficulty remembering that the oil company's profits result solely from people buying their product. What I always find fascinating..is that oil companies Net about 5-8 cents profit per gallon of whatever the output is...gasoline, diesel, benzine etc. Not Percent...but $0.05 per gallon Yet each state and the Feral government makes between .25 and .50 cents per gallon..with Zero work for it, in taxes. http://www.api.org/Oil-and-Natural-G...l-summary.ashx http://www.api.org/Oil-and-Natural-G...uel-Taxes.aspx This does NOT include sales taxes, buried tank taxes and a host of other income revenue taxes that are charged. etc etc Yet the oil companies are making huge profits. A nickle at a time. Gunner When I was a kid I worked part time in a gas station. At the time we made 1 cent a gallon for regular and slightly more but less then 2 cents for high test. State and Federal tax at the time was something like 11 cents. So, as you say, the oil company's split was 5 cents for producing. refining, storage, transportation, etc. -- Cheers, John B. |
Reply |
Thread Tools | Search this Thread |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Forum | |||
Is Harry digging a 51-mile trench? | Home Repair | |||
Interstate Mile Marker GPS and elevations | Metalworking | |||
Harbor Freight goes the extra mile! | Woodworking | |||
Wanted - Used DC in Philadelphia Area (60 mile radius) | Woodworking | |||
IRS inceases per mile deduction rate | Home Repair |