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by spellcheckman from Leawood

Last Post 163 days, 12 hours Ago

Fuel at 3.15

Mar 2, 2008 | 3:51 PM
Category: Political

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Finally, fuel has reached a point where the refineries can turn a decent profit. $3.15-$3.25 is the target range. With a barrel of oil reaching over $100.00, it should stay there for a while. A bit of a paradox for the U.S. economy though, stagflation, or inflation combined with a stagnant growth economy. It isn't something seen since the WIN(Whip Inflation Now) days of Gerald Ford. Another cause 30 years later is the advent of the world economy.

10 Comments | Add a Comment

Mar 4, 2008 | 1:33 PM

do your math. they are making a killing at this price. even with oil at over 100 dollars a barrel.

judge-jury

Mar 4, 2008 | 2:13 PM

He ronk, I really think he was being facetious. I just hope that the alternative fuel vehicles get here soon. I'd build one myself if I knew how. It just amazes me that the oil companies here in the U.S. can boast about the profits they are seeing, especially now. It's like rubbing it in our faces. Several years ago Big Oil had refineries all over the place and found that with so many, they were producing too much oil and the price was too low for them to be satisfied and so they shut a bunch of them down, not to be re-opened again. Now the demand is high and the production is low, you know, supply and demand.
We really do not need to rely on foreign oil if we would tap into the billions of gallons of oil that we are sitting upon ourselves. I gotta hand it to them though, their diabolical plot has worked and is working today.

1Grasshopper

Mar 4, 2008 | 3:52 PM

It floors me to also know that Mr. Matt Blunt signed legislation requiring gasoline sold in Missouri to contain 10 percent ethanol (E-10) by 2008. I have watched my MPG drop drastically because of this!!! It doesn’t run efficiently. Such as I used to get 18 MPG now I am at 15 MPG. Watch out, as I checked with corp. QT & they use the same gas on either side of the state line. So that means you're getting the same crap in KS because MO requires it.

1Grasshopper

Mar 4, 2008 | 3:53 PM

I also meant to include the link.

http://www.gov.mo.gov/press/EthanolSigning070506.htm

jpbikerfreak

Mar 5, 2008 | 4:40 PM

There's a flip side to "big oil" making money. That is that YOU could have made big money had you invested in BIG OIL companies. I have a friend who bought a bunch of stock in BIG OIL a few years ago and has done rather well.

If BIG OIL is a price fixing monopoly, where is the proof? If it's a conspiracy, why doesn't the FTC take them on the way they did when Teddy Roosevelt was in office? probably because there isn't one. It's supply and demand.

We DEMAND endless cheap energy, but there is a limited supply due to refineries burning down and the government shutting them down for various reasons. Production is being cut by OPEC because of worries that demand will decrease and instability in the middle east (which we're helping to perpetuate).

So you want to know who is responsible for the price going up and big oil getting rich?

Look in your rear view mirror. Do you drive by yourself in a 50 foot long, 2 story SUV 100 miles to work each day?

rockslide

Mar 5, 2008 | 5:10 PM

ethanol causes about a 10% loss. If you are getting 3mpg less then something else may be wrong

American1966

Mar 6, 2008 | 1:34 PM

Yea and its going to go higher, You will bank on it

jpbikerfreak

Mar 6, 2008 | 1:53 PM

Agreed, American. And the free market system is doing a great job of responding. Did you see the cars from the car show on the news last night? Or the segment about the farmer who is going to provide electricity to 12 farms using nothing more than his own cow manure?

StinkyFinger

Mar 7, 2008 | 1:41 AM

Oil makes me giggle.

Busybee

Mar 8, 2008 | 4:30 PM

Judge-Jury, I hope you have a great paying job that is secure if you are entertaining the purchase of an alternative fueled vehicle. My guess is that they will be very, very expensive. I know I can't afford another vehicle at any price. Being retired and living on Social Security dictates what I can do. Our economy is really sick! And the future doesn't look too great at this point. And the gas prices cause a domino effect everywhere. That means we can expect higher prices at the grocery stores, restaurants, clothing, etc. And think about the tourist trade; they will suffer too. a lot of people will not be taking the trips they planned because of the increased expense of fuel. It is my guess that people will stay pretty close to home with backyard bbq's, etc.

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spellcheckman

An old athlete. Member of Mensa and the Procrastinators club. Never can make it to the Mensa meetings! Electrical/Mechanical engineer who made some money on a patent most everyone uses. Part time English teacher, (sub) Exotic car nut, Porsche, Ferrari TR512 (Boardwalk Motors, Dallas) and C6 Corvettes. Not Liberal or conservative but has views per the topic. Views do not neatly group me into either label. Neither of which I judge to be bad. Disciple of George Carlin. Do not vote for anything or fill out surveys, or belong to a "church." Usually sees both sides of a story and will take the opposite side for argument and thinking purposes.

Member Since: 7/29/2007

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