On Sat, 10 May 2008 14:08:59 -0700, Rudy Canoza
<pipes@[EMAIL PROTECTED]
> wrote:
>Starkiller wrote:
>> On Sat, 10 May 2008 03:16:56 -0700 (PDT), Mack the Knife
>> <bulldog101750@[EMAIL PROTECTED]
> wrote:
>>
>>> On May 9, 10:54 am, "Eddie Haskell" <k...@[EMAIL PROTECTED]
> wrote:
>>>> "Starkiller" <NoSpam.SKS_SK...@[EMAIL PROTECTED]
> wrote in message
>>>>
>>>> news:ukf824hf05636lsckig3c76amsa0torm1m@[EMAIL PROTECTED]
>>>>
>>>>
>>>>
>>>>
>>>>
>>>>> On Fri, 9 May 2008 02:51:13 -0700 (PDT), traveler
<Vallec...@[EMAIL PROTECTED]
>
>>>>> wrote:
>>>>>> On May 7, 4:05 pm, duke <duckgumb...@[EMAIL PROTECTED]
> wrote:
>>>>>>> On Wed, 07 May 2008 15:06:23 -0700, The Pope Wears Prada
>>>>>>> <The_Pope@[EMAIL PROTECTED]
> wrote:
>>>>>>>> Gas prices at the pump do not yet reflect the current price of
oil on
>>>>>>>> the world's commodities market. The price of oil has risen so
fast in
>>>>>>>> such a short period of time, from $60 a barrel at the beginning
of 2007
>>>>>>>> to over $120 a barrel now. The gas that is being sold today
reflects
>>>>>>>> the
>>>>>>>> price paid for oil on the futures market many months ago when gas
was
>>>>>>>> between $60 and $90 a barrel. As the months roll by, the price of
gas
>>>>>>>> will reflect a higher and higher price of oil. It is inexorable.
>>>>>>>> Expect $5 a gallon gas by year's end and $6 a gallon by the end
of
>>>>>>>> 2009.
>>>>>>>> And no amount of drilling in ANWR or anywhere else will reverse
this
>>>>>>>> price rise.
>>>>>>> But drilling off the Calee-fornia and west coast, the
Massachusetts and
>>>>>>> east
>>>>>>> coast, the Florida coasts will definitely put us in self
sufficiency.
>>>>>>> However, the 'rats in these area reject drilling because their
ocean
>>>>>>> views will
>>>>>>> be tainted.
>>>>>> He calls "rats" the people who actually care about the
environmental
>>>>>> destruction left in the wake of the oil boys, who don't give a good
>>>>>> goddamn about anything, who ruin everything they touch, and who are
>>>>>> the very people becoming unimaginably wealthy by saddling the rest
of
>>>>>> us with their phony price of oil and gas. When these bastards
start
>>>>>> filing into prison, we will know that something FINALLY is being
done.
>>>>> How is the price of oil phony when it is the same worldwide?
>>>>> Why is it that you spoiled little assholes think that the US
deserves
>>>>> a better price than everyone else in the entire world?
>>>>> And while your at it I'm sure you can give us a long list of all the
>>>>> things that "big oil" has ruined yes?
>>>> Democrats oppose increasing domestic production, new refineries, ANWR
and
>>>> nuclear power and then blubber and moan about high gas prices and
blame
>>>> everybody but themselves. They're like little idiot children that
cause
>>>> suffering for the adults.
>>>>
>>>> -Eddie Haskell- Hide quoted text -
>>>>
>>>> - Show quoted text -
>>> I'm not a Democrat, I'm an ex-Republican and an Independent. I got
>>> sick of morons like you taking over the Republican Party. If you
>>> think the high price of gasoline has anything to do with any of the
>>> things you mention, then you are even dumber than you sound. Catch a
>>> clue, son. Go to college.
>>
>> Folks in Venezuela, Iran, Kuwait etc pay only pennies a gallon because
>> their countries produce more oil than they can use themselves.
>
>Folks in Venezuela, Iran, Kuwait pay pennies a gallon because their
>governments heavily subsidize the stuff.
Regardless, they produce enough that THEY AREN'T PAYING $120 a barrel
for it. They're the ones getting paid $120 a barrel. Take Kuwait for
example.
Kuwait has proven crude oil reserves of about 96 billion barrels (15
km³), i.e. about 10% of world reserves. Petroleum accounts for nearly
half of GDP, 90% of ex****t revenues, and 5% of government income.
Kuwait lacks water and has practically no arable land, thus preventing
development of agriculture. With the exception of fish, it depends
almost wholly on food im****ts. About 75% of potable water must be
distilled or im****ted. Higher oil prices reduced the budget deficit
from $5.5 billion to $3 billion in 1999.
The government has sponsored many social welfare, public works, and
development plans financed with oil and investment revenues. Among the
benefits for Kuwaiti citizens are retirement income, marriage bonuses,
housing loans, virtually guaranteed employment, free medical services,
and education at all levels.Kuwait also provides fully paid
scholar****ps for students wi****ng to study abroad. Kuwaiti government
also will send citizens abroad for treatment if the treatment is not
available in Kuwait. Foreign nationals residing in Kuwait obtain some,
but not all, of the welfare services. The right to own stock in
publicly traded companies, real estate, and banks or a majority
interest in a business is limited to Kuwaiti citizens and citizens of
GCC states under limited cir***stances. Kuwaiti citizens and residents
enjoy 0% income tax.
They get that from their income from petroleum.
Do you think that they would be pumping gas at their pumps for 60 or
70 cents per gallon if they weren't pumping 2 million barrels a day
for ex****t?
They make more than enough from oil ex****ts to pay for damn near every
drop of the 305,000 measly barrels of oil they consume a day.
It's real easy for the government to subsidize something that more
than pays for itself without the need to tax anyone for it.
The same applies to all of the OPEC members.
Exxon/Mobil and the rest of "Big Oils" profits are a mere pittance
compared to what the OPEC nations make off of oil in a given year.
>
>
>> The nations that have the higher gasoline prices are those that im****t
>> a lot, sometimes all of their oil. If the US didn't produce 40% of
>> it's own oil you'd have seen $4 a gallon gas a long while back.
>> The US enjoyed cheap gas for decades because it was a major producer
>> of oil for a long time. We pumped more than we could use and sold the
>> excess for years. Now we are a major consumer as opposed to producer
>> therefore we are at the mercy of the world market. Plain and simple.
>> When you stop making something yourself and begin to buy it from
>> someone else then your stuck with whatever they want to charge you for
>> it.
>> If you think the domestic supply has nothing to do with the domestic
>> price of gasoline you aren't too bright yourself.
>>
>>
>>
>>
>> Regards
>>
>>
>> Starkiller
Regards
Starkiller
|
