Starkiller wrote:
> On Sun, 11 May 2008 11:54:43 -0700, Rudy Canoza
> <pipes@[EMAIL PROTECTED]
> wrote:
>
>> Starkiller wrote:
>>> 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.
>> Of course they pay $120 a barrel for it, you idiot. Don't you know
>> *anything* about economics?
>>
>>
>>> 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 Kuwaiti government's revenues due to oil are a lot higher than 5%.
>> The GDP of Kuwait was $137 billion in 2007, and government revenue was
>> $33.6 billion. Oil and petrochemicals-related activity account for 95%
>> of GDP.
>
> So it's gone up in 7 years.
The percentage of the Kuwaiti economy based on petroleum has always been
extremely high.
>>
>>> 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.
>> Right. And if they sold all their oil at world prices, they'd have
more
>> revenue to spend on those other things. Kuwaitis are not paying
>> "pennies" per gallon of gasoline: that may be what they pay
>> out-of-pocket, but they pay a lot more in the form of forgone income.
>
> They aren't hurting because of it. And since there, the government IS
> the oil company, the only forgone income is that which the government
> "could" be making.
Making and spending on their citizens. So, the citizens are paying for
their cheap gas in the form of other things they're not getting.
> Call that a subsidy if you want
It's a subsidy.
> but they still pay
> dirt cheap gasoline prices because they are a producer first.
They pay cheap prices at the pump, but it's still costing them the world
price. And it isn't because they're a producer. *Any* government could
subsidize its gasoline prices to citizens if it wanted to do so.
> And it's just p[lain hilarious that you're trying your damndest to
> convince us that a government is subsidizing itself.
Not itself, you ****wit - its citizens. You really are stupid.
> In Kuwait the government is the oil company. Has been since 1975.
> And they make around a 488% profit off of oil.
> http://www.oil-price.net/
>>
>>> 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 pay a lot more than 60 or 70 cents per gallon for gasoline, even
if
>> that's all they're paying at the pump. They're paying the difference
>> between their retail price and the rest-of-world price in the form of
>> forgone income. If you knew anything about economics, you'd know this.
>
> Granted they are most likely paying a little over a buck a gallon if
> they are keeping up with the other OPEC nations in the region. The 70
> cent figure came from a CNN Money Page from last year.
>
> They're paying for the same thing per gallon that everyone else does.
The same thing, and ultimately at the same price.
> They're paying a minimum of the break even price of [snip economic
horse****]
They're paying the full price.
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