House OKs Energy Price-Gouging Punishment

[Martrae]

Sorry, my heart isn't into this argument, partially cuz I don't really care and partially because I have more important things on my mind.

Someone else needs to take over the devil's advocate role.

[Sorina S]

I have more important things on my mind.

Like?

[Sorina S]

Preggers?

[Sorina S]

Gay?

[Sorina S]

Running for the Republican nomination?

[dammuzis]

the market charges what the market will bear..
if you dont like it stop driving your gas guzzling ford truck

if your whining about gas prices and yet drive something that gets under 28mpg your a retard

[Sorina S]

ahh geeze, and you drive, what? And you paid how much for gas 9 months ago? And you're out huggin trees while the rest of us are hard at work servin Taco Bell. Yea, we're retards...you're genius.

There's enough blame to go around, it doesnt need to go around here. We're hip.

SS~

[Lyion]

the market charges what the market will bear..
if you dont like it stop driving your gas guzzling ford truck

if your whining about gas prices and yet drive something that gets under 28mpg your a retard

The only problem is its a cascade effect. The food we eat is shipped on trucks, and gas prices effect that.

Any trips via car or plane are vastly more expensive now.

Even people driving good mileage cars with commutes are going to feel the pinch when their fill up goes from 12 to 36 bucks each time.

The market should compete and the consumer should win, or it is collusion and anti trust that should be fixed.

Some speculator with gas stocks wanting to retire early should not allow Big Oil to raise there prices threefold and assrape the American consumer together.

[Eziekial]

Hey Lyion, I have friends who work for XOM and know a bunch of people in the offshore industry from my days in Louisiana. Why don't you see what it takes to start your own refining company and put that together. I'll come up with the capital and the expertise, all you need to do it find a site and get preliminary site approval. Let me know when you have that so we can make rediculous amounts of money undercutting BIG OIL. We'll be like modern day Robin Hoods but with serious bank.

PS. I'm serious like a heart attack.

[Lyion]

Hey Lyion, I have friends who work for XOM and know a bunch of people in the offshore industry from my days in Louisiana. Why don't you see what it takes to start your own refining company and put that together. I'll come up with the capital and the expertise, all you need to do it find a site and get preliminary site approval. Let me know when you have that so we can make rediculous amounts of money undercutting BIG OIL. We'll be like modern day Robin Hoods but with serious bank.
.

Because Congress would never allow another refinery to be opened. It's been tried. The DNC wouldn't even open it up for debate.

It's been over 30 years since a new refinery was built. Given the clean air permits, the red tape, the environmentalists who don't realize new refineries would actually be better and more environmentally sound, and would work to block it, and the special interests for big oil itself which also would attempt to railroad and prevent it from moving forward. It's just not a good deal.

Big Oil has a stranglehold on refining worse than MS has on the desktop.

[Eziekial]

Bingo. Give that man a cigar! So who is to blame? Companies that lobby congress to gain favorable laws and regulations passed, the congressmen that vote in these laws or the people who elect them to represent them in Washington? Que the Jeapordy theme music.

[Minrott]

Your mother Trebek! HAH!

D. All of the above.

[Eziekial]

That's right! We've got a smart group here today. Here's the next answer: "In the end, absolutely nothing."

[Martrae]

What is What can we do about it for 500, Alec?

[Eziekial]

Congrats Mart!

Damn I'm bored. I am your tax dollars hard at work.

[Lyion]

What is What can we do about it for 500, Alec?

[Harrison]

Paying for the horse feed that is shipped by rail/truck > Gas

Hoof care, grooming, and shit cleanup

[Scoota McGee]

@ 2.43 a Gallon

>>> Crude Oil price = 55%

We can’t affect this a whole lot… OPEC calls the shots.

>>> Refining = 22%

Last time the US built a refinery 1976

In fact… we now have less than 149 refineries actively producing Gasoline. That’s about half as many as we had in 1981

Why? It costs too much to build a refinery in the US. So foreign companies refine it and we pay them a premium for the service.

>>> Distribution and Marketing (The Evil Big Oil companies) = 4%

>>> Taxes (The savior government) = 19%


The Federal Government can immediately affect the price of gas by lowering the tax the Federal Government collects from Gasoline sales. The Federal Government could affect the price of Gasoline in the future by allowing more refineries to be built. Not much we can really do about the price of Crude Oil… other than trying to stabilize regions that have the resource (The effectivness of this is very debatable).

Instead, the Federal Government has attacked the smallest portion of the pie… Thank goodness for the government. Perhaps they will hold themselves accountable and fine themselves for gouging with this new series of legislation...

http://tonto.eia.doe.gov/oog/info/gdu/gasdiesel.asp