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re: Low Gas Prices, People don't understand the Problems
Posted on 1/5/15 at 8:41 pm to lsugradman
Posted on 1/5/15 at 8:41 pm to lsugradman
Bankers lose everyone's money too. Gas prices are high because of the huge gov taxes on them. Road taxes as well. People are stupid. Our infrastructure gets hirt aswell. I bet the gov taxes them more and it leads to anarchy
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Posted on 1/5/15 at 8:41 pm to stout
I wonder how long term low fuel prices would affect the current trend of upper middle class moving back into inner cities in lieu of suburbs
Posted on 1/5/15 at 8:41 pm to lsugradman
quote:
People bitch about banks and medical cost all the time. Not sure what planet you live on.
I see much more bitching about the cost of gas then I do about banks and medical care. I live on the planet where people bitch about gas prices.
Posted on 1/5/15 at 8:41 pm to lsugradman
But you were saying no one bitches about banks or medical costs which is not accurate.
Posted on 1/5/15 at 8:43 pm to Clint Torres
quote:
oil industry can kiss my arse
Posted on 1/5/15 at 8:44 pm to stout
Ok we disagree on how much people bitch about sectors raping them. Does that really invalidate the point that the common man overreacts to O&G profit reporting and grossly underestimates the cost and risk of the O&G industry?
Posted on 1/5/15 at 8:45 pm to lsugradman
quote:
I see much more bitching about the cost of gas then I do about banks and medical care. I live on the planet where people bitch about gas prices.
We get it, man. You are in O&G so you see what you want to see to fit your agenda.
The truth is that all 3 are major concerns for the average citizen, but only one is used on a weekly basis for most people.
Care to guess which one?
Yea so of course people are going to bitch about it but to say that people don't gripe about the others is either naive or purposely overlooked by you for the sake of your argument.
I guess you've missed the whole debate the past few years about Obamacare.
Posted on 1/5/15 at 8:50 pm to lsugradman
quote:
Does that really invalidate the point that the common man overreacts to O&G profit reporting and grossly underestimates the cost and risk of the O&G industry?
There are cost and risk in every business. If an oil company can't manage that cost and risk and turn a profit doing so then they don't need to be in business.
I don't think it's too much of an overreaction when we are paying $4 for gas but reports come out that Exxon turned a $4 billion profit for the quarter. (just making up numbers for the sake of the argument)
No other industry can get away with the collusion that the energy market does.
Posted on 1/5/15 at 8:53 pm to stout
quote:Oh lord
There are cost and risk in every business. If an oil company can't manage that cost and risk and turn a profit doing so then they don't need to be in business.
Posted on 1/5/15 at 9:02 pm to stout
quote:
No other industry can get away with the collusion that the energy market does.
Takes the cake for ignorance in a thread rife with it from both sides. Where was the collusion from 1986-2005? Where is the collusion now? Where is the collusion on keeping natural gas prices at sub $4? It would appear that "collusion" is slobbered out by dumbasses only in the brief moments of high prices.
This post was edited on 1/5/15 at 9:06 pm
Posted on 1/5/15 at 9:03 pm to cwill
Hey, man. If your company can't turn a profit they need to GTFO.
Posted on 1/5/15 at 9:05 pm to Louie T
Wrong, I need to pick up the secret red collusion phone and call my industry buddies to artificially raise prices. For some reason I hsvent done it yet. Maybe next year.
Posted on 1/5/15 at 9:09 pm to cwill
Who said OPEC was part of it?
Posted on 1/5/15 at 9:12 pm to Louie T
I don't think I should pay my lawn boy $30 each time he cuts my grass when it really only cost him $15 to do so. He's making too much profit.
Or my doctor, I mean I pay a $60 co pay on top of my monthly premium, plus my insurance company pays another $200 for a 15 min visit just for his nurse to give me a shot. That's too much profit.
Lawd, I've heard it all now.
Or my doctor, I mean I pay a $60 co pay on top of my monthly premium, plus my insurance company pays another $200 for a 15 min visit just for his nurse to give me a shot. That's too much profit.
Lawd, I've heard it all now.
This post was edited on 1/5/15 at 9:13 pm
Posted on 1/5/15 at 9:13 pm to stout
Wtf are you trying to say now? Please enlighten me on this collusion.
Posted on 1/5/15 at 9:14 pm to stout
Next year at this time what will be the price of oil?
Posted on 1/5/15 at 9:15 pm to tgrbaitn08
Thats a horrible straw man argument.
Posted on 1/5/15 at 9:15 pm to America
We as a nation are better off with low gas prices.
Oil prices were a bubble. Just like when all bubbles burst, there is collateral damage. I'm sorry for the people that lose their jobs. But many of them (not all) made a ton of money over the years. Roughnecks making low 6 figures.
Oil prices were a bubble. Just like when all bubbles burst, there is collateral damage. I'm sorry for the people that lose their jobs. But many of them (not all) made a ton of money over the years. Roughnecks making low 6 figures.
Posted on 1/5/15 at 9:16 pm to cwill
What about that 6% commission I pay my realtor to sell a fricking house? That ridiculous, she only deserves 3%. Where is that other 3% going? For her to just work a half a day a drive around in a luxury vehicle?
This post was edited on 1/5/15 at 9:19 pm
Posted on 1/5/15 at 9:18 pm to LSUFanHouston
Roughnecks work 1/2 to 2/3 of the year also
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