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OIL SHORTAGE??? REFINERIES CUT OUTPUT TO PROTECT PRICES-TO MUCH PRODUCT-- NOT ENOUGH SALES
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BOYCOTT ANYONE??
User ID: 22441
2/4/2006 10:22 PM
Report abusive post | OIL SHORTAGE??? REFINERIES CUT OUTPUT TO PROTECT PRICES-TO MUCH PRODUCT-- NOT ENOUGH SALES
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Hi folks.Can you say "ripped off". These people say no oil--refineries say pipeline is full so they have cutback production to keep the prices high.When will some big organization step up and Protest--Like the truckers?
Have a great day.
_______________________________________
Refineries cut production to protect gasoline profits
Reuters News Service
NEW YORK - Oil refiners CUT fuel production in some states this week to counter slipping PROFIT margins, drawing fire from critics already incensed by soaring gasoline prices and Big Oil's recent record profits.
San Antonio-based Valero Energy Corp., the nation's largest fuel producer, said Tuesday it SLOWED output from its refinery in Ohio by more than 10 percent for economic reasons, even as the company announced its 10th straight quarter of record earnings.
Earlier in the week, British energy giant BP slashed fuel production from its refinery in Whiting, Ind., by 10 to 15 percent because of lower PROFIT margins in the region, market sources said. BP declined to comment.
U.S. gasoline prices averaged $2.34 a gallon Tuesday, nearly 50 cents higher than a year ago.
Oil refiners traditionally slow fuel production when profit margins fall into the red — something that happens when the cost of crude rises too high relative to the selling price of gasoline and heating oil.
The National Petrochemical and Refiners Association, which represents several U.S. oil companies, said the slowdown by some refiners is not a threat to the nation's supply and should be seen as a normal seasonal variation.
"Inventories in that part of the country are high and pipelines are full," the association said in a prepared statement.
Politicians and consumer groups set off a fresh wave of calls for special taxes against Big Oil after Exxon Mobil Corp. on Monday posted a record profit of $10.7 billion in the latest quarter and more than $36 billion for the year. |
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Anonymous Coward
User ID: 69448
2/4/2006 10:41 PM | | Re: OIL SHORTAGE??? REFINERIES CUT OUTPUT TO PROTECT PRICES-TO MUCH PRODUCT-- NOT ENOUGH SALES | Quote |
oil companies need to be nationalized, rheir ceos and officers need to be in jail with ken lay 20 years at least we need to get this moving folks |
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Anonymous Coward
User ID: 67574
2/4/2006 10:46 PM | | Re: OIL SHORTAGE??? REFINERIES CUT OUTPUT TO PROTECT PRICES-TO MUCH PRODUCT-- NOT ENOUGH SALES | Quote |
socialism is a failed experiment |
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Anonymous Coward
User ID: 1116
2/4/2006 10:47 PM | |
Anonymous Coward
User ID: 22441 (OP)
2/4/2006 10:59 PM | | Re: OIL SHORTAGE??? REFINERIES CUT OUTPUT TO PROTECT PRICES-TO MUCH PRODUCT-- NOT ENOUGH SALES | Quote |
They have to beat wall street expectations so that their stock prices dont go down.Of course the money that people earn in the markets is not the result of actual work--which is ok--but families,people going to and from real work suffer. |
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Anonymous Coward
User ID: 67574
2/4/2006 11:02 PM | | Re: OIL SHORTAGE??? REFINERIES CUT OUTPUT TO PROTECT PRICES-TO MUCH PRODUCT-- NOT ENOUGH SALES | Quote |
it all backfired when they raised the prices, people learned to get by using less gasoline
now, they don't know what to do
the more they raise the price, the less is bought
pretty soon they won't have room to store their excess |
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Anonymous Coward
User ID: 1116
2/4/2006 11:03 PM | | Re: OIL SHORTAGE??? REFINERIES CUT OUTPUT TO PROTECT PRICES-TO MUCH PRODUCT-- NOT ENOUGH SALES | Quote |
Oil prices go up and the oil companies report record profits; yet their stock prices remain the same! What gives?
I know someone with some of this Mobil stock and look at the price of it over the last year.
[link to finance.yahoo.com] |
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Anonymous Coward
User ID: 67574
2/4/2006 11:05 PM | | Re: OIL SHORTAGE??? REFINERIES CUT OUTPUT TO PROTECT PRICES-TO MUCH PRODUCT-- NOT ENOUGH SALES | Quote |
because the top of the pyramid scheme has already skimmed the profits off the top |
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Anonymous Coward
User ID: 22441 (OP)
2/4/2006 11:05 PM | | Re: OIL SHORTAGE??? REFINERIES CUT OUTPUT TO PROTECT PRICES-TO MUCH PRODUCT-- NOT ENOUGH SALES | Quote |
"""""now, they don't know what to do
the more they raise the price, the less is bought
pretty soon they won't have room to store their excess..........."""""
Yet the Goverment is still chasing other countries oil .............. |
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an nonymous
User ID: 70000
2/4/2006 11:10 PM | | Re: OIL SHORTAGE??? REFINERIES CUT OUTPUT TO PROTECT PRICES-TO MUCH PRODUCT-- NOT ENOUGH SALES | Quote |
I've told them big boyz, and I'll tell 'em again, you raise that gas price over $2 a gallon and I park it!
Yes, I drive some, but my driving is cut in half. I catch rides with friends and just don't go other places.
I'm Grandma, but I've already asked Santa for a bike. I'll like a lightweight hybrid. $600 outta pay for it. |
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Keoki
User ID: 68923
2/4/2006 11:20 PM | | Re: OIL SHORTAGE??? REFINERIES CUT OUTPUT TO PROTECT PRICES-TO MUCH PRODUCT-- NOT ENOUGH SALES | Quote |
And then they have the gall to refuse to testify before Congress to explain their BILLION DOLLAR profits.
These vampires are bleeding us all dry!
And the sad thing is, that we have no viable alternative to our current combustion engine technology. We are getting scewed people. |
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Anonymous Coward
User ID: 67574
2/4/2006 11:22 PM | | Re: OIL SHORTAGE??? REFINERIES CUT OUTPUT TO PROTECT PRICES-TO MUCH PRODUCT-- NOT ENOUGH SALES | Quote |
methanol made from biofuels misses the fossil fuel system |
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Anonymous Coward
User ID: 14571
2/4/2006 11:24 PM | | Re: OIL SHORTAGE??? REFINERIES CUT OUTPUT TO PROTECT PRICES-TO MUCH PRODUCT-- NOT ENOUGH SALES | Quote |
>>oil companies need to be nationalized, rheir ceos and officers need to be in jail with ken lay 20 years at least we need to get this moving folks<<
I'm against any nationalization of any oil company. The government is simply not best equipped to run an oil company as it would be bogged down by bureaucratic mismanagement, too much regulations, corruption and incompetent gov't employees with no experience in running an oil company.
What I would propose a nationwide ethics training on finances and responsible money management in the business schools and colleges for people wanting to run businesses someday, especially petrochemical companies.
Corruption, financial mismanagement and irresponsibility are caused by selfish people having NO ethical and NO moral understanding of how money is supposed to be used and spent for specific reasons for the greater benefits of the society. |
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Anonymous Coward
User ID: 68949
2/4/2006 11:40 PM | | Re: OIL SHORTAGE??? REFINERIES CUT OUTPUT TO PROTECT PRICES-TO MUCH PRODUCT-- NOT ENOUGH SALES | Quote |
Stop buying gas. Get an electric vehicle. Walk or take public transportation. Get a bike or motorcycle. Only drive when you absolutely have to. Let them keep their gd oil. |
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Anonymous Coward
User ID: 1116
2/4/2006 11:46 PM | |
Anonymous Coward
User ID: 69807
2/4/2006 11:47 PM | | Re: OIL SHORTAGE??? REFINERIES CUT OUTPUT TO PROTECT PRICES-TO MUCH PRODUCT-- NOT ENOUGH SALES | Quote |
were punishing the aliens  |
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Anonymous Coward
User ID: 22441 (OP)
2/5/2006 12:16 AM | | Re: OIL SHORTAGE??? REFINERIES CUT OUTPUT TO PROTECT PRICES-TO MUCH PRODUCT-- NOT ENOUGH SALES | Quote |
'''''''''''-which is ok--but families,people going to and from real work suffer.''''''''';'''
They keep the prices high--the car companies start closing plants and laying off people-steel--Delphi-disrupting lives-leaving them less to spend-and for what --a bottom line--that is so fat now it is embarrasing even to the oil companies.
THEN they trash CHAVEZ for trying to make it easier on some folk.They could
sell cheaper--after all there really is enough--but that would be to easy and to....human--not a corporate trait--mifgt affect those million$$ christmas bonus's |
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an nonymous
User ID: 70000
2/5/2006 12:18 AM | | Re: OIL SHORTAGE??? REFINERIES CUT OUTPUT TO PROTECT PRICES-TO MUCH PRODUCT-- NOT ENOUGH SALES | Quote |
"no viable alternative to our current combustion engine technology. "
B I C Y C L E |
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Anonymous Coward
User ID: 22441 (OP)
2/5/2006 12:24 AM | | Re: OIL SHORTAGE??? REFINERIES CUT OUTPUT TO PROTECT PRICES-TO MUCH PRODUCT-- NOT ENOUGH SALES | Quote |
""B I C Y C L E""SPELL BICYCLE----
B..ush..I-----C..hene..Y----C--ondi---
L...ove----E..xxon |
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BluzGal
User ID: 53277
2/5/2006 1:02 AM
 | | Re: OIL SHORTAGE??? REFINERIES CUT OUTPUT TO PROTECT PRICES-TO MUCH PRODUCT-- NOT ENOUGH SALES | Quote |
If you're up for a boycott, see
www.boycottbush.org |
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Avatard
User ID: 70014
2/5/2006 1:20 AM | | Re: OIL SHORTAGE??? REFINERIES CUT OUTPUT TO PROTECT PRICES-TO MUCH PRODUCT-- NOT ENOUGH SALES | Quote |
The oil cos. got our collective asses in a sling. They can consequentially do any damn thing they like. Shut up and be nice or they will charge you even more. |
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Anonymous Coward
User ID: 70136
2/5/2006 9:51 AM | | Re: OIL SHORTAGE??? REFINERIES CUT OUTPUT TO PROTECT PRICES-TO MUCH PRODUCT-- NOT ENOUGH SALES | Quote |
Lets see a bicycle--nah Bush fell off one---Segway nope same thing---Private Jumbo jet--Bush has 2--hard to park down to the convenience store--Horse--nope craps to much--roller skates???
Hell ill just thumb a ride. |
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Anonymous Coward
User ID: 70175
2/5/2006 12:34 PM | | Re: OIL SHORTAGE??? REFINERIES CUT OUTPUT TO PROTECT PRICES-TO MUCH PRODUCT-- NOT ENOUGH SALES | Quote |
Let's just shoot the bastards. |
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Anonymous Coward
User ID: 67574
2/5/2006 12:41 PM | | Re: OIL SHORTAGE??? REFINERIES CUT OUTPUT TO PROTECT PRICES-TO MUCH PRODUCT-- NOT ENOUGH SALES | Quote |
maybe it was our own fault for allowing ourselves to become "addicted" to oil, as Bush said
the price of gas was very low to begin, to get us all hooked
sounds like how the pushers operate |
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Anonymous Coward
User ID: 70175
2/5/2006 2:32 PM | | Re: OIL SHORTAGE??? REFINERIES CUT OUTPUT TO PROTECT PRICES-TO MUCH PRODUCT-- NOT ENOUGH SALES | Quote |
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