"Don't Pump Gas Day" results.

[BassAce 10+ year member]

Man I wish gas wasn't so cheap these days, we wouldn't have these problems.

 

[MassOccur 10+ year member]

I dont even know why people would waste their time with such non sense in the theory of, well dont buy gas this day from 2 of the major gas compaines. I mean it really is a silly theory anyway.
Only way gas will go down is we get Bush the **** out of office!

By the way I didnt get gas on may 15, being I got gas may 14th, lol! Guess what, I will be good to go for another week and a half. Boy, I bet that hurt the industry!

Actually, If everyone stopped purchasing gas from Chevron and 76's (or whatever 2 gas stations are the most popular that aren't affiliated with other companies) there would be a drastic drop in price from the supplier of those companies. Not just stopping for one single day, but completely stopping the purchase of gas through them until they're forced to lower prices to get sales. They'd be forced to drop their price to stay in business and be competitive with other companies. It's commen sense really that once that happens, everyone and their mothers would be purchasing from then, so all the other companies would have to drop their own price to be competitive with the latter.

 

[BassAce 10+ year member]

Why are people arguing with each other, and everyone here is wrong. Pretty much what us average people can do is just get boned up the ass from oil companies. Plain and simple, no other way can exists.

 

[steveyblack 10+ year member]

i say we all ride bikes, easy and will get America into shape

 

[hoss 5,000+ posts]

i say we all ride bikes, easy and will get America into shape

but... fast food restraunt drive throughs dont serve to walk up guests or guests on bikes... how do you expect americans to hold their title?

 

[Flipx99 5,000+ posts]

Economic incentive to lower demand = More TaxesEconomic incentive to raise supply = Corporate Welfare

The best way to solve the solution is to either:

A) allow the oil companies to drill domestically and get out of their way on refineries, they have to money to do it now with the record profits.

B) Continue to be a roadblock, and the oil companies will spend the record profits on alternatives to oil. If peak oil really does exist the ones who have the best grasp of it are the oil companies. So if they see it (ie they know peak oil is real) management will be looking for a new avenue for the oil company (now read "energy" company) to go down to ensure their existence.

You are correct. I don't make the choice that either is inherently evil. Subsidization of breakthrough technology that benefits society as a whole is a form of corporate welfare I would readily support. Patent Law is a form of coporate welfare that I support.

I would much rather choose option b rather than option a. I also like your insight in about who would have the best knowledge about peak oil. Good pickup there that I didn't notice.

 

[Flipx99 5,000+ posts]

There are 2 flaws to this theory:
1) Exxon produces somewhere in the area of 24 billion barrels of fuel a year ... They made $60 billion in profits, which equates to $2.5 per barrel ... A barrel is 42 gallons ... 2.5/42 = $0.0595/gallon ... So if they made ZERO profit, fuel prices would fall by a whopping 6 cents per gallon.

2) This theory only works on products which have a high profit margin; fuel is not one of them ...

I am unsure about item number 1. Take 24 billion barrels of oil of out supply would make the oil speculators raise the price of oil considerably.

 

[AcidicDreams 10+ year member]

Finally, someone who understands economics ...
Oh wait, no, we should just go back to the good ol' witch hunt ... Let's kill Bush and the oil company execs, then prices will fall ... YEAH !

The sad thing is those who are arguing against me aren't going read that whole thing and understand it... ohh well.. the sheep will never understand the Sheppard.

 

[Slammed 5,000+ posts]

WTF are you talking about.
Article

Snopes

And guess what, it was business as usual for the energy companies.

σαρκασμός

 

[wu36ca 10+ year member]

Well, barring collusion (them all working together to screw us over) the reason they would build another refinery is to capture more of the market. Demand is high so if they sell more gas than the competitors they will make more money.
Here is a good article on reasons why there hasn't been any refineries recently...

http://www.corpwatch.org/article.php?id=12227

So if they all build new refineries then they would be back at square one. The only way for this to work is if only one or two oil companies gets another refinery/drilling space. And if one oil company has prices that are drastically different from the others there would be more problems than it would be worth it. And again, why raise volume if they could just keep the profit margin high. Lower cost, keep volume the same, the profit margin would cover the benefit of lowering the price. My main point is why trade profit margin for volume. Seems like a fruitless effort. Unless the oil companies absolutely cannot fill the demand then more refineries would be kind of pointless.

 

[95ZJ 10+ year member]

I put $40 in, so screw those guys. I supported the economy, did they? Commies.

 

[azimuth 5,000+ posts]

So if they all build new refineries then they would be back at square one. The only way for this to work is if only one or two oil companies gets another refinery/drilling space. And if one oil company has prices that are drastically different from the others there would be more problems than it would be worth it. And again, why raise volume if they could just keep the profit margin high. Lower cost, keep volume the same, the profit margin would cover the benefit of lowering the price. My main point is why trade profit margin for volume. Seems like a fruitless effort. Unless the oil companies absolutely cannot fill the demand then more refineries would be kind of pointless.

it would work, if..... they regulated as they did in 1978. reagan made a mistake by allowing big oil to own the drilling, refining and selling of petro. previously, they could only own 2 out of 3. today, they have a monopoly.

 

[audiolife 5,000+ posts]

must have done too much gas went up from 3.07 to 3.38 lol

 

[bdawson72 5,000+ posts]

lawl

 

[wu36ca 10+ year member]

it would work, if..... they regulated as they did in 1978. reagan made a mistake by allowing big oil to own the drilling, refining and selling of petro. previously, they could only own 2 out of 3. today, they have a monopoly.

Free marketeers would shit a brick if government stepped in and regulated oil companies to that degree.