The Oil Companies Are Still Screwing You

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Date: 16 Jan 2009 16:39:05
From: Senator Millionaire
Subject: The Oil Companies Are Still Screwing You

Last July 2008, a barrel of oil was selling for a record $147. The
price at the pump was almost $4.00 per gallon. Today, it closed at $36
a barrel and I paid 1.55 per gallon. Let's do the math here.

The price per barrel today at $36 is less than a quarter of the record
July price of $147. If we were paying 4.00 in July shouldn't we be
paying a dollar a gallon?

Date: 18 Jan 2009 17:10:57
From: Senator Millionaire
Subject: Re: The Oil Companies Are Still Screwing You

On Jan 18, 4:20=A0am, richlp <richl...@hotmail.com > wrote:
>
> Cost of the oil =A0 =A0 =A0 =A0 =A0 =A0 4.00 =A0 =A0 =A0 =A01.00
> Refinery Cost =A0 =A0 =A0 =A0 =A0 =A0 =A04.00 =A0 =A0 =A0 =A04.00
> Rent a tanker =A0 =A0 =A0 =A0 =A0 =A0 =A01.00 =A0 =A0 =A0 1.00
> Gas for the tanker =A0 =A0 =A0 =A01.00 =A0 =A0 =A0 =A0 .25 =A0(not really=
but this is
> what it would be if you were right)
>
> Total cost =A0 =A0 =A0 =A0 =A0 =A0 =A0 =A0 =A0 10.00 =A0 =A0 =A06.25

Those numbers are as worthless as your post. Go back to school will
ya!

Date: 18 Jan 2009 09:26:42
From: BTSinAustin
Subject: Re: The Oil Companies Are Still Screwing You

On Jan 16 2009 7:39 PM, Senator Millionaire wrote:

> Last July 2008, a barrel of oil was selling for a record $147. The
> price at the pump was almost $4.00 per gallon. Today, it closed at $36
> a barrel and I paid 1.55 per gallon. Let's do the math here.
>
> The price per barrel today at $36 is less than a quarter of the record
> July price of $147. If we were paying 4.00 in July shouldn't we be
> paying a dollar a gallon?

Very little oil made it through American refineries at 140 a bbl. It was
at that price for so short a time. Only players that were short on stock
paid spot prices. The spot market was driven by 2 things, the Chinese
were filling up their strategic reserve (5 x the size of ours) and the
banks were playing the market in hopes of getting some mortgage money back.

I own oil royalties and work as a consultant in the business and the most
i ever saw on a check was 120ish.

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Date: 18 Jan 2009 01:20:20
From: richlp
Subject: Re: The Oil Companies Are Still Screwing You

On Jan 17, 7:01=A0am, Senator Millionaire <moon...@gmail.com > wrote:
> On Jan 16, 7:45=A0pm, richlp <richl...@hotmail.com> wrote:
>
>
>
> > In a word.......NO
>
> > Just as with any other product, there are costs associated with
> > turning oil into gas that are not related to the cost of the raw
> > materials. =A0Transportation costs, refinery costs, etc.
>
> You must be a dumb fuckin' high school dropout!! The refining costs
> are the same whether the barrel of oil cost $147 or $36. Diesel costs
> have dropped substantially which means delivering the fuel to gas
> stations around the country costs less.
>

OK shit-for-brains. At least I got my GED.
You spent so much time trying studying your fourth grade teacher's
crotch that you never let him teach you how to add so how the hell
could you learn anything about economics

But maybe there's still hope for you.

Cost to get 1 gallon of gas to the pump (I'll pretend that you can
understand these are not real numbers, just examples)

Cost of the oil 4.00 1.00
Refinery Cost 4.00 4.00
Rent a tanker 1.00 1.00
Gas for the tanker 1.00 .25 (not really but this is
what it would be if you were right)

Total cost 10.00 6.25

> Weekly Retail On-Highway Diesel Prices
>
> http://tonto.eia.doe.gov/oog/info/wohdp/diesel.asp
>
> RGP has a usnenet reputation as having the most brilliant minds on the
> internets. The reputation gets a bad rap every time dumb fuckin'
> idiots like you post.

Date: 18 Jan 2009 10:33:56
From: Beldin the Sorcerer
Subject: Re: The Oil Companies Are Still Screwing You

"richlp" <richlptx@hotmail.com > wrote in message
news:faa30839-077f-4fc6-b88f-6aa519c10fae@q30g2000prq.googlegroups.com...
On Jan 17, 7:01 am, Senator Millionaire <moon...@gmail.com > wrote:
> On Jan 16, 7:45 pm, richlp <richl...@hotmail.com> wrote:
>
>
>
> > In a word.......NO
>
> > Just as with any other product, there are costs associated with
> > turning oil into gas that are not related to the cost of the raw
> > materials. Transportation costs, refinery costs, etc.
>
> You must be a dumb fuckin' high school dropout!! The refining costs
> are the same whether the barrel of oil cost $147 or $36. Diesel costs
> have dropped substantially which means delivering the fuel to gas
> stations around the country costs less.
>

OK shit-for-brains. At least I got my GED.
You spent so much time trying studying your fourth grade teacher's
crotch that you never let him teach you how to add so how the hell
could you learn anything about economics

***
Why not do this simple?
Point out the taxes on gas are the same no matter the price, and there's
about a 40 cent a gallon total tax on it?

Date: 17 Jan 2009 16:27:33
From: Senator Millionaire
Subject: Re: The Oil Companies Are Still Screwing You

Many companies are holding on to the oil and keeping it off the
market.

With storage tanks filling up onshore, private and national oil
companies, refiners and trading companies are storing another 80
million barrels aboard 35 supertankers and a handful of smaller
tankers, the most in 20 years, according to Frontline Ltd., the
world=92s largest owner of supertankers.

http://www.nytimes.com/2009/01/15/business/worldbusiness/15oil.html

Date: 17 Jan 2009 07:01:16
From: Senator Millionaire
Subject: Re: The Oil Companies Are Still Screwing You

On Jan 16, 7:45=A0pm, richlp <richl...@hotmail.com > wrote:
>
> In a word.......NO
>
> Just as with any other product, there are costs associated with
> turning oil into gas that are not related to the cost of the raw
> materials. =A0Transportation costs, refinery costs, etc.

You must be a dumb fuckin' high school dropout!! The refining costs
are the same whether the barrel of oil cost $147 or $36. Diesel costs
have dropped substantially which means delivering the fuel to gas
stations around the country costs less.

Weekly Retail On-Highway Diesel Prices

http://tonto.eia.doe.gov/oog/info/wohdp/diesel.asp

RGP has a usnenet reputation as having the most brilliant minds on the
internets. The reputation gets a bad rap every time dumb fuckin'
idiots like you post.

Date: 17 Jan 2009 07:30:55
From: Raider Fan
Subject: Re: The Oil Companies Are Still Screwing You

On Jan 17 2009 9:01 AM, Senator Millionaire wrote:

> On Jan 16, 7:45 pm, richlp <richl...@hotmail.com> wrote:
> >
> > In a word.......NO
> >
> > Just as with any other product, there are costs associated with
> > turning oil into gas that are not related to the cost of the raw
> > materials. Transportation costs, refinery costs, etc.
>
> You must be a dumb fuckin' high school dropout!! The refining costs
> are the same whether the barrel of oil cost $147 or $36.

Did you consider all the taxes that get added to each gallon?

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Date: 17 Jan 2009 09:24:48
From: mccard
Subject: Re: The Oil Companies Are Still Screwing You

"Senator Millionaire" <moone99@gmail.com > wrote in message
news:ac6fd28a-74eb-4aa1-bc6d-cf9b3db145ad@r40g2000yqj.googlegroups.com...
>
>>RGP has a usnenet reputation as having the most brilliant minds on the
>>internets.
>>

LOL

Date: 16 Jan 2009 17:27:19
From: mo_charles
Subject: Re: The Oil Companies Are Still Screwing You

> Last July 2008, a barrel of oil was selling for a record $147. The
> price at the pump was almost $4.00 per gallon. Today, it closed at $36
> a barrel and I paid 1.55 per gallon. Let's do the math here.
>
> The price per barrel today at $36 is less than a quarter of the record
> July price of $147. If we were paying 4.00 in July shouldn't we be
> paying a dollar a gallon?

the government should reward the oil speculators with a bazillion dollars
each. we can pay them from a windfall profits tax we collect from the
guys who made out like bandits shorting our stock market last year.

mo_charles

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Date: 17 Jan 2009 00:44:05
From: ChrisRobin
Subject: Re: The Oil Companies Are Still Screwing You

On Jan 16 2009 8:27 PM, mo_charles wrote:

> > Last July 2008, a barrel of oil was selling for a record $147. The
> > price at the pump was almost $4.00 per gallon. Today, it closed at $36
> > a barrel and I paid 1.55 per gallon. Let's do the math here.
> >
> > The price per barrel today at $36 is less than a quarter of the record
> > July price of $147. If we were paying 4.00 in July shouldn't we be
> > paying a dollar a gallon?
>
> the government should reward the oil speculators with a bazillion dollars
> each. we can pay them from a windfall profits tax we collect from the
> guys who made out like bandits shorting our stock market last year.

Ain't imaginary money great?

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Date: 16 Jan 2009 16:57:36
From: FellKnight
Subject: Re: The Oil Companies Are Still Screwing You

Date: 16 Jan 2009 16:45:12
From: richlp
Subject: Re: The Oil Companies Are Still Screwing You

On Jan 16, 4:39=A0pm, Senator Millionaire <moon...@gmail.com > wrote:
> Last July 2008, a barrel of oil was selling for a record $147. The
> price at the pump was almost $4.00 per gallon. Today, it closed at $36
> a barrel and I paid 1.55 per gallon. Let's do the math here.
>
> The price per barrel today at $36 is less than a quarter of the record
> July price of $147. If we were paying 4.00 in July shouldn't we be
> paying a dollar a gallon?

In a word.......NO

Just as with any other product, there are costs associated with
turning oil into gas that are not related to the cost of the raw
materials. Transportation costs, refinery costs, etc.