[DeTomaso] Kinda' NPC: Why does oil cost so much?

Fri Jun 1 21:57:16 EDT 2012

-----Original Message-----
From: Gray Gregory 
Sent: Friday, June 01, 2012 8:40 PM
To: 'cengles at cox.net'
Subject: RE: [DeTomaso] Kinda' NPC: Why does oil cost so much?

Yeah their "token" profit is about 60% where Exxon's "evil greedy" profit is about 10% and they take a lot more risk too... 

Gray

-----Original Message-----
From: cengles at cox.net [mailto:cengles at cox.net]
Sent: Friday, June 01, 2012 10:50 AM
To: Gray Gregory
Subject: Re: [DeTomaso] Kinda' NPC: Why does oil cost so much?

Dear Gray,

          It is because Apple and Tech companies are "nice" and "improve our lives" selflessly with only a token profit to cover their expense.......or so popular misconception goes.  But you knew that!

                    Warmest regards, Chuck Engles

On Fri, Jun 1, 2012 at 9:00 AM, Gray Gregory wrote:

> Charlie,
>
> Oil company profit margins have remained fairly stable at about + or + 
> 10%. Don't fall victim to the media hype that only report the actual 
> dollars of profit. I'll never understand why we applaud company's like 
> apple when they make huge profits but when it's an oil company it's 
> somehow a bad thing?
> Gray
>
> -----Original Message-----
> From: detomaso-bounces at realbig.com
> [mailto:detomaso-bounces at realbig.com] On Behalf Of Charles McCall
> Sent: Friday, June 01, 2012 3:14 AM
> To: shawkins777 at comcast.net
> Cc: Pantera List
> Subject: Re: [DeTomaso] Kinda' NPC: Why does oil cost so much?
>
> I've read other reports and heard that production costs continue to 
> climb, which justifies the high cost of gas, but I don't remember the 
> last year that Big Oil not only didn't lose money, but didn't have 
> gazillion dollar, record profits.
>
> If price at the pump in the US was only in direct relation to the cost 
> of production, profits would remain stable.  They don't, which means 
> that this isn't the only reason for higher gas prices...
>
> On 6/1/12, shawkins777 at comcast.net <shawkins777 at comcast.net> wrote:
>>
>>
>> I would disagree, the market should set the price, if it cost more 
>> than you want then don't buy it just like anything else.  But most 
>> don't want to do that because it may be an inconvenience, let the 
>> high price create the incentive for inovation of other forms of 
>> energy, not the government because then they will try and use it to 
>> control you.
>>
>>
>>
>> Steve
>>
>>
>>
>> ----- Original Message -----
>>
>>
>> From: "michael at michaelshortt.com" <michaelsavga at gmail.com>
>> To: "Kirby Schrader" <kirby.schrader at gmail.com>
>> Cc: "Pantera List" <detomaso at realbig.com>
>> Sent: Thursday, May 31, 2012 2:23:48 PM
>> Subject: Re: [DeTomaso] Kinda' NPC: Why does oil cost so much?
>>
>> I agree with you in principle. I have always been fascinated with the 
>> refining process and wondered how Gas could be sold cheaper than a 
>> gallon of milk as it was for over 100 years.
>>
>> The real problem is that it is treated as a commodity, bought and 
>> sold on paper, in futures, etc.
>>
>> The price of 1 gal of regular in 2002 was approx 1.35 Even as your 
>> own chart shows, the 2002-2004 cost per barrel was anywhere from
>> 20-30.00
>>
>> yet, in 2009, when the price fell sharply, the retail price to 
>> consumers did not follow back down to the corresponding retail levels 
>> of around 1.50 per gallon.
>>
>> In my book, that's gouging, plain and simple.
>>
>> I eggs were a quarter and an egg sandwich cost a 1.00, I understand 
>> that, if the price of an egg rises to .50, I could see the sandwich 
>> costing 1.30, but when the eggs drops back drop to a ,25 and you're 
>> still charging 1.30, you're gouging your customer.
>>
>> I eschew Socialism, Communism, Marxism, etc., but if ever there was a 
>> product that needed to have a world council set a price point on the 
>> wholesale and retail level, gas has to be at the top of the list.
>>
>> Set a cost for the product at every level and leave it alone, keep it 
>> away from spectulators and wall street.
>>
>> So much of the hoopla and price fluctuations seemed to be based on 
>> politics and not the cost of actually finding it, drilling, getting 
>> it out and processed.
>>
>> Meanwhile, the worldwide "working man" is held hostage.
>>
>>
>> Michael Shortt
>>
>>
>>
>>
>>
>> On Thu, May 31, 2012 at 3:06 PM, Kirby Schrader 
>> <kirby.schrader at gmail.com> wrote:
>>> Needless to say... I wondered whether I should really do this or 
>>> not, but I'm throwing caution to the wind.
>>>
>>> I work in the oil industry. I have since 1974. I spent most of the 
>>> time overseas.
>>>
>>> Many times, the price of gasoline and why it costs so much comes up 
>>> on the list.
>>> When offshore drilling rigs cost $1,000,000 a day to run and when 
>>> the easy to get oil is long gone and it's tough to find new 
>>> reserves, it's easy for the people working in the industry to 
>>> understand why.
>>>
>>> But there are other reasons.... Politics, too! Would you believe it?
>>>
>>> I feel this article sums up the current scenario very well from an 
>>> investor point of view.
>>> You don't have to know anything about the oil business to 
>>> understand.
>>>
>>> Thought some of you might appreciate it. Some won't.
>>>
>>> http://www.caseyresearch.com/cdd/big-oils-cost-revenue-tightrope
>>>
>>> Now, I will run quickly back into my hole....
>>>
>>> FWIW,
>>> Kirby
>>> _______________________________________________
>>>
>>> Detomaso Forum Managed by POCA
>>>
>>> Archive Search Engine Now Available at 
>>> http://www.realbig.com/detomaso/
>>>
>>> DeTomaso mailing list
>>> DeTomaso at list.realbig.com
>>> http://list.realbig.com/mailman/listinfo/detomaso
>>
>>
>>
>> --
>>
>>
>>
>>
>>
>>
>>
>> Michael L. Shortt
>> Savannah, Georgia
>> www.michaelshortt.com
>> michael at michaelshortt.com
>> 912-232-9390
>>
>>
>> This email is protected by the Electronic Communications Privacy Act,
>> 18 U.S.C. Sec. 2510-2521, is confidential and may be legally 
>> privileged.  If you are not the intended recipient, you are hereby 
>> notified that any retention, dissemination, distribution or copying 
>> of this communication is strictly prohibited.  Please reply to the 
>> sender that you have received this message in error, then delete it.
>> Thank you _______________________________________________
>>
>> Detomaso Forum Managed by POCA
>>
>> Archive Search Engine Now Available at 
>> http://www.realbig.com/detomaso/
>>
>> DeTomaso mailing list
>> DeTomaso at list.realbig.com
>> http://list.realbig.com/mailman/listinfo/detomaso
>> _______________________________________________
>>
>> Detomaso Forum Managed by POCA
>>
>> Archive Search Engine Now Available at 
>> http://www.realbig.com/detomaso/
>>
>> DeTomaso mailing list
>> DeTomaso at list.realbig.com
>> http://list.realbig.com/mailman/listinfo/detomaso
>>
> _______________________________________________
>
> Detomaso Forum Managed by POCA
>
> Archive Search Engine Now Available at 
> http://www.realbig.com/detomaso/
>
> DeTomaso mailing list
> DeTomaso at list.realbig.com
> http://list.realbig.com/mailman/listinfo/detomaso
>
>
> _______________________________________________
>
> Detomaso Forum Managed by POCA
>
> Archive Search Engine Now Available at 
> http://www.realbig.com/detomaso/
>
> DeTomaso mailing list
> DeTomaso at list.realbig.com
> http://list.realbig.com/mailman/listinfo/detomaso