mts Posted August 3, 2006 Report Share Posted August 3, 2006 I'm getting pretty tired of uneducated dimwits and ignorant halfwits who gripe about the price of oil. At $70 US a barrel, oil is a bargain right now. In real terms it's about $20 less expensive than 25 years ago. Anyone with any true knowledge of the industry can tell you that. Naturally, socialist leader Jack Layton and his ilk won't even whisper the truth, because the New Democratic head honcho hasn't the foggiest bit of knowledge about the oil industry. Now, Bill Graham's Liberals may know the real picture -- at least some of them, particularly leadership frontrunner Michael Ignatieff -- but the Grits aren't going to open up because they are in a conspiracy to win votes by falsehood. Coincidentally, one of the major reasons oil is at $70 is because the liberal-left and the pseudo-environment movement in Canada and the U.S. have prevented the building of even one single new refinery in all of North America in the past 25 years. So there is a huge lack of refinery capacity here, which obviously drives up the price of oil. Want to see more oil on the market -- launch a campaign in Canada and the U.S. against Canada's Liberals and New Democrats, America's Democrats and every nasty two-bit and self-serving environmental group on both sides of the border to get new refineries built -- and quickly. But here are some financial facts: In the last oil crisis in the early 1980s -- sparked incidentally by Iran, which is also sparking the current world crisis -- gasoline in the U.S. took up 7.2% of consumer spending. It is at half that rate today at 3.7%. That's from Forbes magazine, which is a very esteemed magazine indeed. Some might quibble and recall a fictitious 'Made-in-Canada' oil price, but our severe cold winters eroded that smoke-and-mirrors sham. Forbes has also pointed out that just 50 years or so ago, one in eight household income dollars in North America was spent on energy. Today that figure is only one in 13 dollars. That's even though today many of us have climate-controlled apartments, or air conditioners blasting out all summer long. Unless you own a gas-guzzling SUV -- which is your perfect right -- your car uses less gas today than even 10 years ago. Much less than 20 years ago. Why? Because automobile manufacturers have done a superb job in making cars increasingly energy-efficient. We should take off out hats to Ford, General Motors, Chrysler, Toyota, Honda, Acura, Mazda and other manufacturers. One wit actually did a survey and found out oil companies make less profit on a litre of gas than Tim Hortons, Second Cup and Starbucks make on a large cup of coffee. Certainly, Starbucks, the Cadillac of the coffee chains, laughs all the way to the bank when people criticize the oil companies for making excessive profits. The oil companies can only dream about the profit margins in the take-out coffee business. It's basically the same with Coca-Cola and Pepsi-Cola, who, like the oil companies, are in do-or-die competitive battles. Wonder why gas costs about the same at every outlet, whether it's Shell or Esso? Because at the retail level all oil companies cut their costs to the bone. They sell their product at the lowest possible price. Don't let me do your homework for you, do it yourself. Go over the consumer index in Canada and the U.S. for the past 50 years and you'll find almost every product you buy has gone down in price in real terms as your income has gone up. Gasoline is no different. If oilsands plants now cost in the region of $10 billion to build, don't you think the oil companies deserve pats on their backs rather than slaps in their faces for taking such enormous risks? Recall within the past decade oil toppled to $10 a barrel and some predicted a fall to $5. These people need praise, not condemnation. It's a high-risk business. And here's a point to ponder, when the gristle-headed liberal-left types call for windfall profit taxes on oil companies, remember this: Oil companies are no longer owned by oil barons such as John D. Rockerfeller, they are, for the most part, owned by pension plans, and pension plans are the banks where employees -- whether they work for governments, school boards, heavy manufacturing companies or consumer products companies -- even unions -- invest their retirement savings. Fall for the siren call of windfall profit taxes on oil companies and you're basically taxing away your retirement savings. Not a very smart thing to do. Link to comment Share on other sites More sharing options...
///BHRpowered Posted August 3, 2006 Report Share Posted August 3, 2006 umm yes, exactly what I have been saying, blame the hippies. Oh, you did however leave out that US oil consumption has gone up 280 some % in the past 15 years, almost double of what it has from the end of ww2 to the early 80's Link to comment Share on other sites More sharing options...
mts Posted August 3, 2006 Author Report Share Posted August 3, 2006 IF your factor per capita.... it really has not. The population has grown that much. Link to comment Share on other sites More sharing options...
///BHRpowered Posted August 4, 2006 Report Share Posted August 4, 2006 problem, Mexicans and chinks driving. population is an issue, but in the united states atleast the baby boomer generation is growing old and having there licenses taken away by there children and dmv, while this does make an impact, retired people certainly don't use as much gas as chinks Link to comment Share on other sites More sharing options...
mts Posted August 4, 2006 Author Report Share Posted August 4, 2006 Yes there are very few families nowadays with more than 2 kids Link to comment Share on other sites More sharing options...
MazdaMomma Posted August 4, 2006 Report Share Posted August 4, 2006 well done mts. Link to comment Share on other sites More sharing options...
ing-schu@online.no Posted August 4, 2006 Report Share Posted August 4, 2006 Indeed Link to comment Share on other sites More sharing options...
MazdaMomma Posted August 5, 2006 Report Share Posted August 5, 2006 Link to comment Share on other sites More sharing options...
ing-schu@online.no Posted August 5, 2006 Report Share Posted August 5, 2006 I guess you're adjusting to the new prices wih your latest car purchase MC Link to comment Share on other sites More sharing options...
MazdaMomma Posted August 6, 2006 Report Share Posted August 6, 2006 $3.09 per gallon is always better than $3.29 and will have to wait till the gas tank finally goes down to empty. Link to comment Share on other sites More sharing options...
excluesiveonez Posted August 16, 2006 Report Share Posted August 16, 2006 i pay 3.49 now Link to comment Share on other sites More sharing options...
MazdaMomma Posted August 17, 2006 Report Share Posted August 17, 2006 damn, that sucks... but i am sure that mts and others will have something to say about it. Link to comment Share on other sites More sharing options...
Jetaway Posted September 5, 2006 Report Share Posted September 5, 2006 People just need to stop breeding. Oh, and I'm paying $2.75 for gas. Link to comment Share on other sites More sharing options...
MazdaMomma Posted September 6, 2006 Report Share Posted September 6, 2006 now paying $2.57 per gallon... Link to comment Share on other sites More sharing options...
MazdaMomma Posted October 4, 2006 Report Share Posted October 4, 2006 $2.17 per gallon Link to comment Share on other sites More sharing options...
mohamedeladawy@hotmail.com Posted October 23, 2006 Report Share Posted October 23, 2006 1.93!!!!! for the 929 anyway. for the millenia, nothing else than BP 2.14 premium gas. Link to comment Share on other sites More sharing options...
MazdaMomma Posted November 1, 2006 Report Share Posted November 1, 2006 I am getting 30 to 32 mpg in the city. I only fill up 2 times a month at 2.09 per gallon. Spending less than $50 per month for gas for me....... Link to comment Share on other sites More sharing options...
DoN_BLaZe34 Posted November 30, 2006 Report Share Posted November 30, 2006 i love it! it's gettin back up a little though Link to comment Share on other sites More sharing options...
MazdaMomma Posted December 3, 2006 Report Share Posted December 3, 2006 sure is, now $2.39 per gallonn Link to comment Share on other sites More sharing options...
mts Posted December 3, 2006 Author Report Share Posted December 3, 2006 $0.84 per litre Link to comment Share on other sites More sharing options...
MazdaMomma Posted December 4, 2006 Report Share Posted December 4, 2006 must be nice Link to comment Share on other sites More sharing options...
mts Posted December 4, 2006 Author Report Share Posted December 4, 2006 Do the math.... You have it much better... Link to comment Share on other sites More sharing options...
MazdaMomma Posted December 4, 2006 Report Share Posted December 4, 2006 I am not complaining, especially with my gas sipping mousetrap. Link to comment Share on other sites More sharing options...
Dallasaurora Posted February 14, 2007 Report Share Posted February 14, 2007 While we are forced to pay exorbitant prices for our gas, I think I am perfectly entitled and will continue to gripe about it ! Link to comment Share on other sites More sharing options...
ing-schu@online.no Posted February 14, 2007 Report Share Posted February 14, 2007 I pay around 11 NKR, close to 1 bob per litre and don't complain at all. I did when it passed 12.50 a while, but it just takes some time getting used to, one tank of gas exceeding $110. Arguably everone should pay in the region of that price. And all the Excursions turned into 4 inch nails. Galvanized. The X5's would make great 3 inch nails. Galvanized. Link to comment Share on other sites More sharing options...
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