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HelicopterOff Topics › Big Oil,,, Rape of a Country
05-19-2008 01:59 AM  9 years agoPost 1
Apache Snow

rrNovice

Northbrook, ILL

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Think the price we are paying for gasoline, diesel fuel, jet fuel, natural gas, heating oil, etc is due to the war in Iraq,, or handouts to farmers to grow corn/soybeans to make ethanol????? Guess again.... Big Oil is Raping the Country...

Attorney General Urges Congress To Break Up Oil Companies That Engage In Anti-Competitive Practices
http://ct.gov/ag/cwp/view.asp?A=2341&Q=381776

May 2007 U.S. House Antitrust Task Force committee testimony of Connecticut Attorney General Richard Blumenthal...

- Five Oil Companies control 61% of the 175,000 gasoline stations in the nation, compared to 27% in 1991;

- The five largest Oil Companies control 50% of the refinery capacity, as opposed to 33% of capacity ten years ago;

-The six largest refiners control 59% of the refining market, a 50% increase in the concentration level of that market in 12 years;

-The four largest Oil Companies control over 70% of the retail market in half the metropolitan areas in the Northeast and Mid-Atlantic region;

- The five largest Oil Companies have doubled their control of oil production in the past ten years. "Lax antitrust enforcement has real life consequences;

Blumenthal blamed most of the recent run up in oil and gasoline prices on the federal government's failure to halt repeated oil industry mergers, which have undercut competition in the wholesale, retail and refinery markets. Excessive concentration has allowed the oil industry to reduce inventories and refinery capacity to the point that even fear of a disruption - rumors of Middle East unrest, the onset of hurricane season - causes prices to spike, he said.

"The federal government's lax and lackluster enforcement of antitrust laws has led to an explosion of mergers in the oil industry - more than 2,500 in the past 15 years or more than 150 mergers and acquisitions every year - most of them profoundly anti-competitive and anti-consumer," Blumenthal said. "More and more market power is concentrated in fewer and fewer hands."

"Mega-companies arising from this merger mania have aggressively used their ever-growing market clout to subject consumers to increasing prices and unnerving market volatility. Big Oil has created a market on the brink, manipulating inventories and refinery capacity to the point that the slightest supply disruption sends prices -- and company profits - skyrocketing. There is sufficient supply, but these newly created industry giants use their huge market power to keep a stranglehold on the spigot."

"While consumers struggle to pay record heating oil and gasoline prices, the Oil Industry is drowning in cash. Witness the staggering level of oil industry profits in the wake of a horrible natural disaster -- Hurricane Katrina: Three companies reported quarterly profits exceeding $16 billion. More recently, Exxon Mobil took advantage of refinery shutdowns to raise its refiner margins by 50%, recording $9.28 billion in profits for the quarter."

"Astronomical profits at the expense of American consumers has been the rule, not the exception, again and again."

"Government tolerance of anti-competitive mergers and oil industry practices has enabled, even encouraged, the recent sharp rise in gasoline prices. Congress needs to take aggressive action easing sky-high gasoline prices that hit hardest people of low and moderate means, who can reduce only so much their consumption of such a vital commodity."

"In the retail area, the merger trend has enhanced the power of industry players to use zone pricing. The FTC describes this practice as "oligopolistic." (markets where control over the supply of a commodity is held by a small number of producers)

"Oil company decisions to close 50 refineries and merge with competitors have led to significant market concentration in the refinery and production segments of the oil industry. The Wall Street Journal recently reported that the six largest refiners control 59% of the refining market, a 50% increase in the concentration level of that market in 12 years."

"Through increased market concentration, domestic refining capacity has diminished, even as demand has increased steadily. The predictable result has been extraordinarily tight supplies, barely meeting demand, leading to very volatile prices at the pump. Inadequate inventories, disruption in delivery systems and other factors make the market even more vulnerable."
.

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05-19-2008 02:13 AM  9 years agoPost 2
jimco

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east texas

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Yep,; exactly what I have been screaming about for over a year. Then , throw in Monsanto, Archer Daniels Midland, controlling food, and guess, what, were screwed, on both sides of the coin.
And you don't think its a conspiracy????
Ain't this what the Bolsheviks got tired of??????

Honey, where's the check book, it's Fedex again

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05-19-2008 02:19 AM  9 years agoPost 3
drdot

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So. California,​Orange County.

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fwiw..

And people continually tell me "It's not a monopoly"....

B.C.

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05-19-2008 02:36 AM  9 years agoPost 4
GimbalFan (RIP)

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Big Coppitt Key, FL

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When you factor in the subsidies our government (in its infinite LACK of wisdom) STILL deems appropriate to hand yearly to the poor, cash-starved oil companies, we're actually already paying closer to $10/gal than $4/gal for fuel by way of our tax dollars.

These subsidies have been kept in place despite near 180° changes in the politics of energy, largely so that Dubya & The Dick can PROTECT Big Oil (and by association their own wallets) from fair competition from all those 'evil' alternative forms of energy, like photo-voltaic, photo-thermic, tidal and wind.

Anyone catch Robert Kennedy Jr's interview with Letterman Friday night?

Paraphrasing some of what Kennedy said:
"There's enough wind capacity available in South Dakota to provice ALL of America's energy needs. In addition, there's enough solar capacity in 25% of Texas TO DO THE SAME."

"30 years ago Iceland was among the poorest European countries due to its dependence on oil imports. They began investing in tapping into their vast geothermal energy resources and are now 100% energy independent, and have the 3rd healthiest economy in the EU."
I'm so revulsed by the corrupt, conniving, lying, thieving, UNDERHANDED activities of this administration, not to mention Big Oil, that I sometimes feel close to vomiting.

The only way to hold down dinner while watching politics on TV is when it's accompanied by comedy, à la Bill Maher, Jon Stewart or Keith Olbermann.

op-thwop-thwop-thwop-thwop-thwop-thwop-thwop-thwop-thwop-thwop-thwop-thwop-t

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05-19-2008 03:18 AM  9 years agoPost 5
BJames111

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San Diego,​California

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I'm so revulsed by the corrupt, conniving, lying, thieving, UNDERHANDED activities of this administration, not to mention Big Oil, that I sometimes feel close to vomiting.
only sometimes?????

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05-19-2008 03:22 AM  9 years agoPost 6
GimbalFan (RIP)

rrProfessor

Big Coppitt Key, FL

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only sometimes?
When I sleep I dream of RC and the Hot Girls Thread, and the queasiness retreats -- 'til morning . . .

op-thwop-thwop-thwop-thwop-thwop-thwop-thwop-thwop-thwop-thwop-thwop-thwop-t

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05-19-2008 03:28 AM  9 years agoPost 7
InvertedDude

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USA

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The care of a country....

Gentlemen,

I would like to add something to this thread. I am only speaking from a realistic point of view. If I were able to develop an electric vehicle that was reasonable cost but only could get 1/4 of the performance of modern passenager vehicle with a range of 200 miles. Do you honestly think people are willing to switch over and become more green environmentally? You people need to wake up and smell the coffee. People are the product of their own greed and self-centered lives. I hate to say this but you people are powerless unless you all agree to band together and reject buying fossil fuels. To reject fossil fuels would require you to develop energy for your homes and vehicles to continue your daily lives. Our whole economy is based on fossil fuels and where do you think most of the products we have in our hands come from? All I am trying to say, we are going to continue to rape planet earth by drying up all the oil wells or until we are dead.

Just get your budget and prepare for $10 per gallon prices and deal with it. If it means you have to stop flying over priced RC helicopters so you can afford your fuel for trips to work. The united states of america is becoming a 3rd world global economy because we import poverty from mexico and china. In America, everyone is out for themselves. We are also exporting good paying jobs to other nations.

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05-19-2008 03:30 AM  9 years agoPost 8
Inspector Fuzz

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NLA

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Gas Prices.

Current gas prices have more to do with silly American wants and EPA regulation than they do with monopoly.
There was a brutal oil crunch in the 70's and then a veritable collapse of the price of petroleum in the mid-80's which ran to about 2004. Americans got used to cheap gas and it became fashionable to see who could build and buy the biggest gas chugging car. Americans bought them in droves. Hell, I owned two Suburbans at one point, one with a 7.4L gas engine.
Fuel consumption in America has never been higher and tighter EPA regulations have made it unprofitable to build a new refinery.
If you are upset about gas prices get a smaller car or motorcycle or moped. If your car gets less than 30mpg you have no right to complain and if it gets more, you probably don't care, like me.
JEFF

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05-19-2008 03:33 AM  9 years agoPost 9
Inspector Fuzz

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NLA

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@inverted dude

I was writing my post as you were posting yours, but they both say about the same thing.
People need to realize that having a 6000 pound car will not make their penis any bigger. Americans need to drive smaller vehicles or stop whining about gas.
I asked a buddy of mine why he drove a truck to his commercial construction job when he didn't ever haul anything in it. He said "I would get laughed at and no respect if I showed up in a Honda, you just can't do that." Whatever, I would rather get laughed at and retire early.
JEFF

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05-19-2008 03:37 AM  9 years agoPost 10
InvertedDude

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USA

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Inspector Fuzz

I asked a buddy of mine why he drove a truck to his commercial construction job when he didn't ever haul anything in it. He said "I would get laughed at and no respect if I showed up in a Honda, you just can't do that." Whatever, I would rather get laughed at and retire early.
I would have paid money to hear that from your buddy! LoL!!

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05-19-2008 04:19 AM  9 years agoPost 11
PBusch

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Minnesota

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I would have paid money to hear that from your buddy! LoL!!
I've heard lots of comments like that. "Tough" guys like that and soccer moms that think they need a big vehicle for safety seriously need to rethink things.

What sucks is the people that actually need a truck to make a living. Their really screwed and its not that simple to just pass on the extra fuel costs to their customers.

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05-19-2008 04:43 AM  9 years agoPost 12
drdot

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So. California,​Orange County.

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fwiw...

So, we switch to Priuses...OIL will raise prices to maintain the profit structure...Only when we the people FORCE the govt. to build a competing infrastructure will oil go down....Monopoly is an ugly word when national security is at stake...

JOhn.

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05-19-2008 05:04 AM  9 years agoPost 13
Inspector Fuzz

rrKey Veteran

NLA

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@dr.dot

I don't agree with the govt. part of your response. Anytime the government dicks with anything we are all screwed.
Gas costs a lot because oil costs alot. Oil costs alot because every single drop of it that gets pumped out of the ground gets burned everyday.
China and India are new major oil users. It is supply and demand. If the market for oil drops, so will the price.
There are lots of alternatives to big trucks for hauling stuff. Most folks don't need the big pickup they have. Those that do are in business for themselves and don't have to pay tax on the money that they spend on gas. This effectively lowers the cost of the fuel by at least 30%.
90% of the pickup trucks on the road, at least here in Texas, are not hauling anything.
JEFF

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05-19-2008 05:05 AM  9 years agoPost 14
tom dubya

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st.louis

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Ya i drive a truck for work and an suv for family or pleasure. The suv is now up for sale and if i could afford it i would get one of those hybrid full size trucks. I used to think that those hybrid's were for tree huggin hippies, not anymore. I'm gonna try and do my part and try not to suck as much gas as i used to. I will miss the suv though, its a nice ride.

P.S. 99 infinity qx4 for $9500 ,81900 miles on it for sale. Gets great mileage!!

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05-19-2008 05:05 AM  9 years agoPost 15
InvertedDude

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USA

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drdot

So, we switch to Priuses...OIL will raise prices to maintain the profit structure...Only when we the people FORCE the govt. to build a competing infrastructure will oil go down....Monopoly is an ugly word when national security is at stake...
Know what is really sad? There is no "WE" here in the sentence. What do I mean by the last statement? "WE" doesn't exist in the general American mind. These signs I pointed out are the beginnings of the decay of our country, structure, and government. The USA will be a 3rd world country or used as puppet pawn to wage wars against others for the higher ups that control the world.

Nationalism is dying in the USA at a rapid pace and it is opening the doors to the New World Order (NWO). We are one of the last few countries standing in the way and to ensure that we join the NWO is to systemically destroy our economy. I am not talking about the 1929 stock market situation. If our economy does buckle then the beginning of the NWO will take place. Please tell me what do people put their faith in? I assure you majority of Americans will put their faith in food and social structure that will allow you to survive a decent living. The NWO is coming quicker than you think.

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05-19-2008 05:42 AM  9 years agoPost 16
RonHill

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FLL, FL

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Five Oil Companies control 61% of the 175,000 gasoline stations in the nation, compared to 27% in 1991;
5 with 61% is still not a monopoly.

drdot
And people continually tell me "It's not a monopoly"....
We tell you that since it is not.

Monopoly:
1. exclusive control of a commodity or service in a particular market
2. an exclusive privilege to carry on a business, traffic, or service, granted by a government.
3. the exclusive possession or control of something.
4. something that is the subject of such control, as a commodity or service.
5. a company or group that has such control.
6. the market condition that exists when there is only one seller.

I might grant you "oligopoly"....But it is pretty clear it is not a MONOpoly....Mono meaning ONE.

About the refinery's....Thats because they can't get approval to build a new one.

The only way the prices are going to drop is if WE (not the Govt) stop using oil so much and demand drops. If WE all started driving hybrids, you would see oil prices drop...Maybe. See oil companies will then raise prices since lower volume will require higher return.

Any Country that has low gas prices will never look for other methods.

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05-19-2008 05:55 AM  9 years agoPost 17
Rob_T

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..

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would like to add something to this thread. I am only speaking from a realistic point of view. If I were able to develop an electric vehicle that was reasonable cost but only could get 1/4 of the performance of modern passenager vehicle with a range of 200 miles. Do you honestly think people are willing to switch over and become more green environmentally?
There are already electric vehicles that can outperform all but some very high end sports cars - electric motors have some very nice characteristics when it comes to acceleration. (I'm talking of Tesla of course). There are also electric SUVs and Trucks with respectable performance (see Phoenix for details).

The biggest practical problem is recharging these vehicles - Phoenix have the ability to charge in 10 minutes (slightly longer than it takes to buy a tank of gas - but still practical) but the infrastructure has not yet been put in place to have recharging stations in place of gas stations.

A government with a long term perspective that wasn't in the pocket of the oil industry would be trying to assist the roll out of these technologies. Ethanol and hydrogen are not the solution IMHO.

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05-19-2008 06:08 AM  9 years agoPost 18
helibandit

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Jacksonville, North​Carolina - United​States

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lol someday when cars are electric the ricers will be competing to see who can have the biggest heatsink under the hood LMAO

The only time you can have too much fuel is when your on fire

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05-19-2008 06:29 AM  9 years agoPost 19
InvertedDude

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USA

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Rob_T

http://www.pcmag.com/article2/0,1759,2136457,00.asp
Price tag of $40,000 to $45,000!!!!

I would love to buy it. I don't generate that kind of funds with my tech salary. Gotta be practical on price and the Tesla is $250k!!!

I know we can do it but those kind of prices are not practical.

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05-19-2008 07:00 AM  9 years agoPost 20
NZ_Neil

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Auckland, New​Zealand

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Trust me, you yanks have not got a monopoly on being raped by Oil companies.

These same @$%#^!!@%## Companies are doing this the world over.

When our dollar goes down, hours later the price of fuel goes up.

When our dollar goes down (relative to the US) Its another excuse for the cost to go up.

The Oil companies then use Earthquakes in China, Foods in Delhi, Hurricaines in Burma or an Elephant in Africa seen chasing meerkats as an excuse to raise the price of fuel.

When will it ever stop ?

Neil Harker
New Zealand

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