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(R.E. Bob Woodruff Reservoir Specific)
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| Name: |
MrHodja
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| Subject: |
OPEC
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Date:
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10/21/2008 2:50:03 PM
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From the news....
"The 13-nation global oil cartel — which includes Mahmoud Ahmadinejad's Iran and Hugo Chavez's Venezuela — will hold an emergency meeting in Vienna Friday to discuss the steep and rapid decline in oil prices.
"The era of cheap oil is finished," Iran's Oil Minister Gholamhossein Nozari boasted on Tuesday.
When asked what price Iran would want for its oil, Nozari declared, "The more the better."
I don't know about you but that arrogance pi $ $ es me off. Let us redouble our efforts to conserve. Lets make them, as a group, sell us LESS oil at a LOWER price. Maybe then they will look at their individual national bottom lines and make decisions to increase output. They have become accustomed to a luxurious lifestyle - at our expense - and if we hit them in their pocketbooks it will get their attention. Lets try to change that by conservation, drilling, building nuclear plants, using the wind, natural gas....anything at our disposal.
Massive and continuing transfers of our wealth to these tinhorns threatens our existence as we know it. This is the real war we must win.
Nasreddin Hodja
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| Name: |
water_watcher
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| Subject: |
We can't drill
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Date:
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10/21/2008 3:02:57 PM
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for more oil in the US. Do you realize it could impact the natural environment of animals. It does not matter that we have more oil reservse than anyone ... we obviously like sending $700 billion a year to other countries that could be used to create US jobs and keeping that money in our economy.
Yeah, you will hear the liberal critics that will say even if we open up drilling today it will be 5 more years ... maybe so, but the longer we wait the more grip they have on us. Also, I believe if we show that we mean business the price will fall as they try to discourage exploration. They want to keep a grip on us through oil and they know if the price goes down the american people will forget quickly and then start crying about the environment.
It is funny that oil producing countries like Iran are building nuclear plants for electricity (and probably other reasons) and converting cars to CNG. All while we say no nuclear plants, no drilling and are too slow to convert to other fuels to reduce oil consumption.
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| Name: |
MrHodja
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| Subject: |
Maybe Price Controls
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Date:
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10/21/2008 3:10:06 PM
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And then when it is a matter of no supply vs. costly supply they will reconsider drilling
Not really suggesting that we go to price controls, but somehow we have to figure out how to get through to these folks.
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| Name: |
MartiniMan
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| Subject: |
Iran is quite a place
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Date:
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10/21/2008 4:25:15 PM
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I have an employee that is from Iran and visits yearly. Some interesting facts. Iran has absolutely no ability to refine crude. They may export crude but they have to import gasoline. And you would think it would be cheap, right? The answer is that if you make below a certain income they give you credits that allow you to buy gasoline at below market prices. The problem is the lines at stations that can accept the credits are so long that most people, even those that can buy the cheap gas, pay market prices which are higher than our prices. That place is a mess.
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| Name: |
muddauber
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| Subject: |
We can't drill
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Date:
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10/21/2008 4:46:31 PM
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That pretty well sums it up.
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| Name: |
GoneFishin
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| Subject: |
Pricing Gasoline
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Date:
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10/21/2008 5:08:57 PM
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Here is an interesting quote from a gas retailer. It must be a financial nightmare when gas prices are falling but pays alot of bills when they are rising.
"As a retailer, I price my product based on replacement cost, not actual cost. If I don't know why I do this, it does not matter... because my competitors will force me to do it."
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| Name: |
MartiniMan
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| Subject: |
Pricing Gasoline
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Date:
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10/21/2008 5:46:10 PM
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GF, I don't get this quote. I was talking to the folks at Siggers and here is how they price their product. When a delivery is made they pay a price per gallon, lets say $2.80 for what goes in the tank. They then price it at the pump according to what they paid for it. I guess they can take it in the shorts when the residual left in the tanks was more expensive than what they replace it with but the reverse is true when the price goes up. Maybe when there is a longer term downward trend then it hits them harder.
Fact is I don't think any of them make any money selling gas. That is why I never understood the pay at the pumps concept as it must cost them big time in lost revenue from sale of food, drinks, etc.
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| Name: |
TBird
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| Subject: |
Pricing Gasoline
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Date:
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10/21/2008 5:59:26 PM
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Looking towards an Obama presidency I think gasoline should be sold using stamps or tokens, sort of like food stamps. They would be made available to everyone. The rich and prosperious would have to pay the highest rate and the unemployed and uninspired would get them for free. Spreading the wealth a little to help the less fortunate. Companies dependent on gasoline/diesel to conduct business would be charged accordingly. The corporations and successful business owners pay the most and the struggling small operator would get their fuel free or almost free. This would also give the portion of the population that didn't drive an opportunity to make extra income, they could sell their gas stamps to the rich.
Sounds crazy but we are going in that direction.
I worked in socialistic societies for several years and if you were a receiver you had little complaint but if you were one of the providers you had a much different opinion.
Should that fine Irish lad O'Bama win we should expect the worst and hope for the best.
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| Name: |
water_watcher
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| Subject: |
Pricing Gasoline
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Date:
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10/22/2008 7:27:25 AM
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Oil is down another $3 a barrel this morning to below $69. I can't believe how much gas prices have fallen in Atlanta. Regular yesterday at the station I go to (QT) was $2.47 .... that has to help the economy. All those dollars from the 95% of people that Obama wants to cut their taxes are already getting a tax cut with gas prices down so they have more money to spend.
Although it is falling due to weakening demand, so they may not have a job soon thanks to the democrats and their bright idea to pump up sub prime mortgages.
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