Where Is The Oil?

[red states rule]

Where Is The Oil?

The liberal media has been reporting the Iraq war was for oil, but America has not received all this free oil. So what is up with that? I figure if the war was for oil, we would have seen it by now.

I sure hope we get our free Iraq oil soon. Before the Iraq war I was paying $1.75 at the pump. Now it is like $2.89.

Where the hell is the free oil at? Please deliver it ASAP

Thanks

[Krome]

The oil is going to companies who helped in the war. War is great for an economy. Notice how the petrol prices didnt go down after the first gulf war.

[red states rule]

The oil is going to companies who helped in the war. War is great for an economy. Notice how the petrol prices didnt go down after the first gulf war.


Oil prices are set in the free market

Besides, profit to oil companies is about ten cents per gallon

While taxes make up 50 to 60 cents a gallon

[Krome]

Oil prices are set in the free market

Besides, profit to oil companies is about ten cents per gallon

While taxes make up 50 to 60 cents a gallon


Oil companies set the price of oil and consumers have to pay.

[red states rule]

Oil companies set the price of oil and consumers have to pay.


Proof?

BTW, oil prices are set on the open market - it is called capitalism

[red states rule]

Well I think that after 4 years the ‘war for oil people” have changed their story on this topic several times.

We were (before the war) told by the “war was for oil people” that America wanted to get more oil from Iraq and control Iraq’s oil industry. In 2002 American oil companies were importing more oil from Iraq at $15.00 a bbl.

Not quite sure how this war for oil logic worked because America was already getting cheap oil already from Iraq before the war. America needed a war to get something it was already getting at a lower price?

[Krome]

SO if the war was not about oil then what was it for? Everyone knew Sadam had nothing to do with 9/11, and now Iraq is in a state of civil war. 58 people died in one bombing incident yesterday.

Please enlightened me. The country is in a totally screwed up state, there were no WMDs and you still live in a state with a below average IQ.

[red states rule]

SO if the war was not about oil then what was it for? Everyone knew Sadam had nothing to do with 9/11, and now Iraq is in a state of civil war. 58 people died in one bombing incident yesterday.

Please enlightened me. The country is in a totally screwed up state, there were no WMDs and you still live in a state with a below average IQ.


You said oil prices are set by oil companies - I asked you fro proof - now you are in a snit

Do you always act this way when called on what you said?

Using the logic of liberals about the Iraq war being for oil, one could say that the American Mexican war (1846 to 1849) was for tacos because Mexico had cornered the market on tacos at that time.

I am making this assumption because liberal Democrats claimed the Iraq war was for some resource that Iraq had.

Well that means that (using this brilliant logic) that the American Mexican war was for tacos.

I want you people to think outside of the Bun.

[Krome]

Western companies have been buying oil from Russia for years which is dirt cheap. Do they lower the prices when selling it to the consumer even though they picked it up half price? No they sell it for the same. So how can the consumer decide the price?

The American Meixcan War http://en.wikipedia.org/wiki/Mexican-American_War appears to have slighly more grounds than Tacos and made up WMDs. Funny think is it is those Texans again!

[red states rule]

Western companies have been buying oil from Russia for years which is dirt cheap. Do they lower the prices when selling it to the consumer even though they picked it up half price? No they sell it for the same. So how can the consumer decide the price?

The American Meixcan War http://en.wikipedia.org/wiki/Mexican-American_War appears to have slighly more grounds than Tacos and made up WMDs. Funny think is it is those Texans again!


Given the cost of oil, the insane taxes by government (50 to 60 cents/gallon)- the profit for oil companies is still only about ten cents per gallon

Why are libs not upset over the goughing by government?

[Tommy]

do you mean oil company's only make 10 cents a gallon or independent gas stations ??

cause it is true indepantly owned gas staions are only making about 10 to 20 cents a gallon

but its not true that the oil companys only make 10 cents a gallon

the cost that a company like exxonmobil pays for a barrel of crude is around 20 to 30 bucks a barrel

refining costs are around 30 cents a gallon and transportation is mostly provided by the americian tax payer in the form of pipelines

but remember they also get other stuff out of each barrel of oil

One barrel of crude oil makes about 19½ gallons of gasoline, 9 gallons of fuel oil, 4 gallons of jet fuel, and 11 gallons of other products, including lubricants, kerosene, asphalt, and petrochemical feedstocks to make plastics

http://www.gravmag.com/oil.html#dollar

[red states rule]

do you mean oil company's only make 10 cents a gallon or independent gas stations ??

cause it is true indepantly owned gas staions are only making about 10 to 20 cents a gallon

but its not true that the oil companys only make 10 cents a gallon

the cost that a company like exxonmobil pays for a barrel of crude is around 20 to 30 bucks a barrel

refining costs are around 30 cents a gallon and transportation is mostly provided by the americian tax payer in the form of pipelines

but remember they also get other stuff out of each barrel of oil

One barrel of crude oil makes about 19½ gallons of gasoline, 9 gallons of fuel oil, 4 gallons of jet fuel, and 11 gallons of other products, including lubricants, kerosene, asphalt, and petrochemical feedstocks to make plastics

http://www.gravmag.com/oil.html#dollar



Oil Company Profits: Just Who Is Gouging Whom?
by Alexander Green, Investment Director, The Oxford Club


The new speaker of the House, Nancy Pelosi, calls oil company profits "obscene."

And at first blush, many would agree. Over the past 12 months, for example, ExxonMobil has made pre-tax profits of $164 billion on sales of $369.5 billion. That's a lot.

But are big oil company profits bad?

Hardly. Companies exist to maximize profits. Profits are what keep workers employed. They keep companies innovating, creating new products and services. They keep the economy humming and the country strong. And they allow you and I to invest and secure our financial future.

Even the school teacher who plunks some of her retirement account in an S&P 500 Index fund benefits from Exxon's rising share price - which is a direct result of Exxon's rising profits.

Many will argue that there is nothing wrong with an oil company's profits, per se. It's just that Exxon is gouging us at the pump. They're making too much.

But are they? After all, Exxon can't dictate gasoline prices. Markets determine the price of oil. It's supply and demand that sets the price at the pump.

Oil Companies, Profits, and the Courts

Some Americans are skeptical on this point, I know. So I direct them to last year's Supreme Court decision. The court ruled unanimously that oil companies have not been colluding to set prices.

Oil prices are high today because the economies of huge nations like China and India are developing rapidly. More oil is being demanded in the world market and there are few new sources of supply.

Hurricane Katrina destroyed a lot of oil processing capacity around the Gulf of Mexico too, so there has been less oil being processed. When less oil is supplied, gasoline prices rise.

What does the average oil company make today on the sale of a gallon of gas? Ten cents.

The federal tax on gasoline, on the other hand, is nearly twice that. Then there's state gasoline taxes. (If you live in New York, for example, you're paying 68 cents a gallon in taxes.)

If Exxon is gouging us at ten cents a gallon, what exactly is the federal government doing to us at 18.4 cents a gallon?

http://www.investmentu.com/IUEL/2007/20070323.html

[Bill]

Without the oil law, oil production in Iraq is dependent on an oil infrastructure thatwas old to start with, and that is built in a way that makes it impossible to guard and maintain.

Everybodies waiting for the oil law.

Then we fortify the oil infrastructure, pull back to the biggest most modern military bases in the world, and all of america feasts, while OPEC collapses.

It'll be a great day. But it will take about ten years.