Exxon doesn't set oil prices. Oil is a publicly traded commodity. If oil prices drop to 8 dollars a barrel like it did in the 90s, that's what Exxon will get paid per barrel. They can't change it.

Exxon doesn't set oil prices. Oil is a publicly traded commodity. If oil prices drop to 8 dollars a barrel like it did in the 90s, that's what Exxon will get paid per barrel. They can't change it.

The conspiracy is bigger than you think...
Its like fighting to free the Iraquis...its not for oil....

Conspiracy??

How is it a conspiracy when anyone can own Exxon stock?? And if anyone can own Exxon stock why would we charge up the price of oil, even though we clearly can't. That's like taking money out of one hand and putting it in the next hand and calling it finding money in your hand. That's retarded.

Conspiracy??
How is it a conspiracy when anyone can own Exxon stock?? And if anyone can own Exxon stock why would we charge up the price of oil, even though we clearly can't. That's like taking money out of one hand and putting it in the next hand and calling it finding money in your hand. That's retarded.

Its not revelant that anyone can own Exxon stock, what is important is knowing who owns the majority. Then ask what else do they own.

RORY:
Of course Propane is safe as a motor fuel, as is Natural gas.
Un like the sheet metal gas tank in a gasoline powered car, which can be punctured with a hammer, the pressure vessel that holds Propane is proof against explosion, and has a PSI rating of over 2,000 pounds per square inch.
Vehicles that are built to use Propane or Natural Gas have about 95 percent as much power as the same engine on gasoline. Whatthey don't have is.......noxious exhaust fumes. Spark plugs last4 times longer, oil changes are done at 12,000 miles, and engines will run up to half a million miles with out a tear down. I put 600 thousand miles on a 1991 Ford one ton van with a 351V8 engine, with an automatic transmission, that was built by Ford Canada and came from the factory with Propane power. At 600 thousand miles I sold it and it is still on the road as a local delivery vehicle.
The use of Propane, in Canada, has a 30 year safety record that speaks for it's self.
Jim B. Toronto.

Sounds like a good idea ... i for one cant take the dirty diesel vehicles they are bringing in from Japan, nor the blue smoke from the beaten down cars, neither of which should be on a public road ... just remember though, whatever could go wrong, will go wrong here ... Nassau would be a true test for anything .. :-)

I think once you have a company that, all they do is take care of that business, maintenance, etc, then it should be fine, and will probably work. But like someone said, dont know if we have the resources here for it yet?

Teniel:

Propane and Natural Gas are by-products of the refinery process that produces gasoline.

My brother -in -law who lives in Blair has a natural gas stove and a natural gas water heater in his house. Is he the ONLY one in Nassau who has these things? So my point is that the natural gas supply is allready there, just not being used as motor fuel.

Propane can be shipped from Florida by bulk tanker ship. I am sure that there are all ready dealers in Nassau who sell propane for public use, and fitting a vehicle filling valve would be a 5 minute job, at most.

I notice that nobody had any comment about the idea of making "clean air vehicles" import tax exempt??? Wouldn't that get people to switch over if they could bring in a modern car with no import tax??

Jim B Toronto.

import tax free .. he he he .. the government here would never go for that ..

So why would you consider Exxon's profits to be excessive??

because it wrong wrong wrong
this is exploitation bar none
people matter!

Teniel:
Propane and Natural Gas are by-products of the refinery process that produces gasoline.
My brother -in -law who lives in Blair has a natural gas stove and a natural gas water heater in his house. Is he the ONLY one in Nassau who has these things? So my point is that the natural gas supply is allready there, just not being used as motor fuel.
Propane can be shipped from Florida by bulk tanker ship. I am sure that there are all ready dealers in Nassau who sell propane for public use, and fitting a vehicle filling valve would be a 5 minute job, at most.
I notice that nobody had any comment about the idea of making "clean air vehicles" import tax exempt??? Wouldn't that get people to switch over if they could bring in a modern car with no import tax??
Jim B Toronto.

Jim,

The only problem is that if persons stop using as much gasoline that we currently use, then the Bahamian government won't make as much money from gas taxes. They'll then have to cut back on wasteful expenditures. Of course we know how the thought of doing that would be absolutely appalling! :uh:

So why would you consider Exxon's profits to be excessive??
Because it is quoted as one of the largest profits margins in history - in a year that they are saying that they are "struggling" due to Hurricanes Katrina and Rita.

The stories just dont add up.

Anyway I een worrying 'bout gas prices, I have a 4 cyl jeep. If they go up anymore though, I already have my eye on a scooter. :escape:

Yorick:

They said they were struggling?? When did they say that Katrina and Rita would 'harm' their profits?? During the whole event it was reported frequently that oil companies stocks were skyrocketing. Every analyst said that *NOW* is the time to own stock in oil companies. This is from June. You can go to yahoo finance and track oil companies profits for the past 18 months. They didn't and couldn't hide anything. So the grievance is just silly. And you can not blame the oil companies for your own ignorance. I don't want to come across as a know-it-all, but this is pathetic. You are claiming collusion by not only the oil companies but also the SEC and several other industries that complement oil. That's simply retarded. When Delta almost went under about 10 years ago, they turned around the company and made an extremely big profit. So did GM just a few months ago. These companies don't force prices down your throat or the products you buy. They are simply intermediaries.

Canewry:

*shakes head*

What you are charging is stupid because its the biggest no-no in business. Wal-mart is the biggest retailer on the planet. They can own all of their suppliers. They could integrate all aspects of their business if they wanted to. They could buy out Target, K-Mart, and Sears, if they wanted to. Problem is, its against the law. Simple as that.

Yorick:
They said they were struggling?? When did they say that Katrina and Rita would 'harm' their profits?? During the whole event it was reported frequently that oil companies stocks were skyrocketing. Every analyst said that *NOW* is the time to own stock in oil companies. This is from June. You can go to yahoo finance and track oil companies profits for the past 18 months. They didn't and couldn't hide anything. So the grievance is just silly. And you can not blame the oil companies for your own ignorance. I don't want to come across as a know-it-all, but this is pathetic. You are claiming collusion by not only the oil companies but also the SEC and several other industries that complement oil. That's simply retarded. When Delta almost went under about 10 years ago, they turned around the company and made an extremely big profit. So did GM just a few months ago. These companies don't force prices down your throat or the products you buy. They are simply intermediaries.


All hail the all-knowing jackass. :cool:

With that said, let me state that it WAS said in CNN headline reports during Katrina and Rita that they were struggling (if only briefly) to meet oil production. Wasn't that why Bush signed a release for x amount of oil reserves to be used?

As for collusion, maybe you're the "retard" (to use your own politically incorrect words) for thinking that there isn't any, especially with the current US administration and their "flawless" record for "honesty and disclosure."

What does the administration have to do with oil companies?? Isn't the administration the ones calling for Oil Companies to account for their profits?? Geez...c'mon..

Yes, during Katrina and Rita there were reports that meeting oil production would be difficult. So you're saying they increased oil prices because they wouldn't meet production?? Explain to me exactly what you are saying because it doesn't make sense to me. A lot of the drug companies are saying that they won't meet flu vaccine production this year. Did they increase prices?? No. You don't increase prices because you run short on supply. The only way a company can increase or influence their prices is if the cost of production increases. If they are taxed higher, if they have more overhead, any more expenses and they can pass on the cost to the consumer. None of that happened.

Its obvious that nobody has any idea about the laws of accounting, finance, marketing or basic economics. I'm fine with all of this conjecture, but that's all it is.

What does the administration have to do with oil companies?? Isn't the administration the ones calling for Oil Companies to account for their profits?? Geez...c'mon..
Yes, during Katrina and Rita there were reports that meeting oil production would be difficult. So you're saying they increased oil prices because they wouldn't meet production?? Explain to me exactly what you are saying because it doesn't make sense to me. A lot of the drug companies are saying that they won't meet flu vaccine production this year. Did they increase prices?? No. You don't increase prices because you run short on supply. The only way a company can increase or influence their prices is if the cost of production increases. If they are taxed higher, if they have more overhead, any more expenses and they can pass on the cost to the consumer. None of that happened.
Its obvious that nobody has any idea about the laws of accounting, finance, marketing or basic economics. I'm fine with all of this conjecture, but that's all it is.

Oh, he doesnt get it.

Well, according to CNN they were losing X billion dollars per day due to closures of certain oil plants due to the hurricanes. So in theory their profits would have been lower (or nonexistant) if Bush didn't step in conveniently to ease the loss.

And, keeping that in mind, how can you ask "what does the administration have to do with oil companies?" The current US administrators have made hundreds of millions of dollars off of oil over the past term. Condoleeza, the "poorest" of them all, even has an oil tanker named after her. Some folks collectively have nicknamed them "the oil administration", let's not forget.

But then again, you know it ALL and we lowly beings don't know anything about accounting, finance, marketing or economics.

Perhaps we simply know when something isn't right - And that's "simple" enough for us. :fly:

I would like a link please.

I can provide links that say that there were millions of barrels of oil below production, I don't recall where they said that the oil companies were losing billions of dollars per day.

http://www.atsnn.com/story/165682.html
http://www.mailtribune.com/archive/2005/0830/biz/stories/03biz.htm
http://seattletimes.nwsource.com/html/hurricanekatrina/2002511768_katplatforms22.html
http://www.cnn.com/2005/BUSINESS/10/28/oil.prices.ap/index.html
http://www.cnn.com/2005/BUSINESS/10/27/shell.profits.companies.reut/index.html
http://www.cnn.com/2005/BUSINESS/10/12/oil.price.ap/index.html

I could go on and on. Show me where the Oil Companies claimed to have lost billions or millions or even thousands in sales or profit. They all say that production was low and that futures and options drove up the price of oil during trading.

And your theory is right, the administration made millions from oil companies.

</sarcasm>

As an owner of a corporation myself, I know that the SEC has a filing of all shareholders of any company that is publicly traded. So it would be easy to go to www.sec.gov and go into 'public filings', look up Exxon's index name (XOM) and you'll find a list of the shareholders names. Whenever you buy stock, you register it with the SEC. So its not some thing you can hide.