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Gas Prices????
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landlocked beachbum
Full Grown Flour Bluffian


Joined: 09 Apr 2007
Posts: 5811
Location: Little Rock, Arkansas

PostPosted: Wed Feb 27, 2008 11:04 am    Post subject: Reply with quote

Most things in life never get cheaper. You can't put the genie back in the bottle. Speaking of California, they are the reason that so many things in this country ARE so screwed up. They want cheap gas but won't allow any offshore rigs and have such ridiculous environmental standards that they are running businesses out of the state, they want cheap wood so that they can build [rebuild] their $$$$$$ houses after they slide down a hill, burn or are destroyed in an earthquake but they don't want any timber cutting in their state and on and on. Liberal La La Land gone wild and we all pay the price for their excesses and lifestyle.
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Bayslammer
Member White Shrimper Boot Club


Joined: 07 Mar 2006
Posts: 932
Location: Baffin/ULM/Aransas

PostPosted: Wed Feb 27, 2008 11:12 am    Post subject: Reply with quote

It is tough for me to imagine what life would be like without V8 Engines and big outboards going forward. I heard a report about Bush signing Legislation that would require all vehicles to get something like no less than 30MPG in a few years. I believe the technology is available now and has been around for a while to meet these standards, even in V8's. The Oil Companies are definately putting the squeeze on consumers and at the same time making huge profits. I agree with the earlier thread about our Nation needing to tap our resources and rely less on other Countries for Oil. I am no economist, but I do know that when it comes to supply and demand, Oil Companies and the Middle East can control this market, not so much consumers.

Some of us do not have the luxury of being able to look back now and say I should have chosen a different career path. It would be hard to sell a boat and truck, if you make a living as a fishing guide. I imagine the ones who stick around will just have to increase prices and customers will hopefully be able to afford this entertainment. Gas Prices hit some much harder than others, and if you own and outboard it really hurts some of us on a tight budget. I think the price at the pump will force some guides and recreational fishermen out regardless.
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slimfishin
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Joined: 10 Sep 2007
Posts: 64
Location: corpus

PostPosted: Wed Feb 27, 2008 12:11 pm    Post subject: oh yeah Reply with quote

yeah i agree with everyone here. im only 21 and i can remember being able to fill my first truck up with 20-30 or so dollars...it over 50 now, being in college, food, books you get the idea. i still got roughly 2 more years before i graduate and the loans are stacking up. yep..it sucks but i still go fishin to get my mind off of it and you know what it cost $50+ just to get my mind off of it. imagine that
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fishinglady
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Joined: 05 Feb 2007
Posts: 857
Location: N. Padre Island

PostPosted: Wed Feb 27, 2008 12:12 pm    Post subject: Reply with quote

As I understand it, a lot of the price of gas being so high has to do more with lack of refineries than a shortage of oil. It seems that no new refineries have been built here in the US in the last couple of decades. Plus, the oil companies have done very little in the way of upkeep of existing refineries....shown by all the recent explosions and leaks at various facilities and pipelines. With BILLIONS of dollars in profits each quarter, the oil companies could have spent some on modernization and maintenance, but that would have cut into the profits and the multimillion dollar bonuses to the CEOs.

As someone else pointed out, the many mergers of oil companies in the last few years has led to an effective monopoly in the oil/gas industry. Whatever happened to the windfall profit tax?
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dave
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Joined: 19 Dec 2006
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Location: Corpus Christi

PostPosted: Wed Feb 27, 2008 12:15 pm    Post subject: Reply with quote

FlakMan wrote:
The main reason gas costs more is the US dollar has 50% of it's value. Today the EURO is trading at 1.5 to the dollar. The EURO traded at 1 to 1 just a few years ago. If the US Dollar was worth as much as a EURO today you gas would cost closer to $2/gallon. When the Fed reduces the discount rate the US Dollar weakens against foreign currency. So what do you want to do? get cheap loans to buy cheap houses or buy cheap gas. The only answer to increased fuel cost is to reduce demand. These high prices will do that in time.


I agree with FlakMan. The main problem is not solely with the oil refineries and CEO's of companies. The value of the dollar weakening does play a major role in the purchasing power of the U.S. dollar. Many businesses outsourcing to other countries has increased this problem. Last year the Indian currency strengthened due to outsourcing, thus saving U.S. businesses more money. This outsourcing issue is draining money out of the U.S. and entering into foreign markets.

This adds to the reasoning for the U.S. deficit reaching a record high. People are also having a harder time getting approved for a mortage which adds to the crisis. The Bush administration doubled the amount the majority morgage owners of the U.S. can purchase. With the new abundance of mortage loans is supposed to hopefully improve the economy. The truth is that there is a common feeling that the U.S. is going to go into recession.

Decreasing interest rates will make loans more attractive to consumers. Keeping the money in the U.S. economy would help boost the economy. Companies are reaching outsourcing alternatives in order to save money, but this just hurts the U.S. unemployment rate. This is a common feeling among recent college graduates. I personally know many graduates who cannot find a job in their degree field. They turn to other jobs such as bar tending to get by. So, all their dollars for an education resulted in a job that they could have got with out a college degree.

I believe that the problem with gas prices have many factors to consider. For the most part if we could keep the money in the U.S. this would help out a little. The U.S is known to be ranked #1 for lending out money, at the same time the U.S. barrows the most money. The canadian dollar is close to 1 to 1. This amount has not been so low in close to fifty years! When the value of the dollar increases; outsourcing decreases, the difficulty of getting approved for a morgage decreases, U.S. deficit decreases, no fear of recession, and salery & wages increase, only then I believe gas prices will be at reasonable prices.
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FlakMan
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Joined: 07 Mar 2006
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Location: Conroe, Texas

PostPosted: Wed Feb 27, 2008 12:20 pm    Post subject: Reply with quote

What fuel has the energy density of hydrocarbons (ex: BTUs /pound)? It's not ethanol. far less energy density and if it replaces even 1/2 our demand your food cost would be out of sight. The only true answer is ultra efficient engines that save braking energy and extract maximum usable power out of a gallon of fuel. Hybrids are expensive but will grow in use. There are new diesel engines coming out that are extremely efficient.

Your $$ are worth a whale of alot less than they once did. Gold sold at $300/Oz in 2002. It sells for $950/oz today. ie gold is worth over 3 time more in dollars today. Oil prices in 2002 were $25/bbls they are $100/bbl today. The same thing happened with oil - as your dollar lost value you had to come up with more dollars.
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ccbobber
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Joined: 21 May 2006
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Location: The Island

PostPosted: Wed Feb 27, 2008 12:29 pm    Post subject: economic reality Reply with quote

the war is the # 1 reason for our gas prices. it is draining our dollar value on the int'l scene. it is not so much that Canada & Euro countries are getting stronger as it is we are getting weaker. WE NEED NEW REFINERIES . all of the enviromental groups will have to cope. until our gov't has the guts to build refineries, we will be in the krapper. if you wait for oil companies to build with all the heiferdust they have to go thru you will be back to biking to work.
2 people kayak for rent to guides who need to take clients fishing.
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Capt Mike Singleterry
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Joined: 07 Mar 2006
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PostPosted: Wed Feb 27, 2008 12:59 pm    Post subject: Reply with quote

Hey Bobber....How much to rent the kayaks..by the day, hr., week or month. I'll be walking to my new job at Stripes soon too... Very Happy

Mike
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landlocked beachbum
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Joined: 09 Apr 2007
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Location: Little Rock, Arkansas

PostPosted: Wed Feb 27, 2008 1:14 pm    Post subject: Reply with quote

Bayslammer, I too am self employed and in the service business, even though it's not a guide business. I have had to do just as you say [raise my rates] twice in the last two years just to keep up with and hopefully overcome the extra outlay in fuel. You are right about technology and the ability to make V8 vehicles that would get much better fuel economy but at what cost? There ain't no free lunch anyway you cut it. Having to pay $50,000 for what is now $35,000 vehicle just to get the new technology is painful in the extreme but is where we are headed.

We should have been drilling in ANWR 15 - 20 years ago. The liberals that say there are only six months worth of oil there and that the Caribou and other fauna and flora would be permanently damaged said exactly the same thing back in the early 70's while trying to stop the Alaska pipeline, which by the way is still pumping and hasn't had any noticeable negative affect on any of the above. Before somebody hits me with the Exxon Valdes oil spill, that had nothing to do with the pipeline, just a drunk captain and a lousy crew.

One thing that I WILL fault the American oil companies for is sitting on their laurels raking it in while they can. They know darn good and well that if they did build new wells and refineries their bottom line would go down, not up as it has been doing for the last few years. It's like that famous line from the movie Wallstreet: "Greed Is Good !"
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Drake
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Joined: 27 Jun 2007
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Location: Arkansas

PostPosted: Wed Feb 27, 2008 1:58 pm    Post subject: Price of Gas Reply with quote

ANWR would have helped if we had drilled it 4 - 6 years ago. Drilling the wells is one thing delivering, in this instance via pipeline and the construction of that line, is a 3 - 5 year job. That window has closed.

I really recommend the rum gentle folks I am not as tense and now I am even brave enough to burn some frickin gas
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Drake
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PostPosted: Wed Feb 27, 2008 2:07 pm    Post subject: Gas prices Reply with quote

I believe that is you calculated the % rise in the price of a gallon of refined gasoline the increase we are feeling is directly proportional to the increase in demand in places like China and India.
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Nailsy
Pony Mullet


Joined: 30 Mar 2006
Posts: 84

PostPosted: Wed Feb 27, 2008 2:08 pm    Post subject: Reply with quote

Leave Exxon alone. They don't set oil and gas prices. The market sets oil and gas prices. They in no way control the price. They are raking it in right now in a highly cyclical business. Their profit margin is lower than a number of global businesses. They spend ALOT of money. They spend more than any other company searching for alternative fuels. They pay more taxes in one year than 50 percent of Americans combined.
I filled up my vehicle today and it cost me $72.00. Yes I think that is rediculous. Yes I think that oil and gas prices are outrageous, and this is how I make my living. I dont have all the answers, but griping about how much money the CEO's at Exxon make will not fix anything.
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Capt Mike Singleterry
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PostPosted: Wed Feb 27, 2008 2:16 pm    Post subject: Reply with quote

Point well taken Nailsy......I think I'll pick on Shell for awhile. Very Happy

Mike
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Tyler
Site Admin


Joined: 06 Mar 2006
Posts: 12865

PostPosted: Wed Feb 27, 2008 2:31 pm    Post subject: Reply with quote

At least Exxon told Chavez to stick it when he nationalized their projects in the Orinoco.
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Capt Mike Singleterry
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Joined: 07 Mar 2006
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PostPosted: Wed Feb 27, 2008 2:50 pm    Post subject: Reply with quote

You guys that are stepping up for the oil and gas business are absolutely
right. I just need to sit down and shut up. OK with me.

Mike
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