The Mud Pit > General

Why we're getting ripped off on gas!

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rocket:
The new ways of drilling have minimal impact on the environment, like horizontal drilling.  And in twenty years, we better have something other than gas to power vehicles.  Oil will run out someday.  drill today, lower prices, develop alternate energy sources for tomorrow.

if gas continues to rise at the current rate, people are going to have to choose between heat for the house and fuel for the car

Gastank:
You know Ski Dubai is actually cool. I went my last Deployment. Kick-ass. There are ALOT of other reasons that the gas prices are at a national average of $4 per gallon. I pay about $8 a gallon here in Italy. Double the states. We just have some people in power that have alterior motives.

rocket:
Get this, "big oil" makes about 10% or less on the sale of gas.  10% is EXTREAMLY low for a profit margin.  The lumber yard my Dad works at has a 40% markup!  That is more typical.  Taxes are over 18%!  the government makes more than the oil companies!  Here in CT we pay over $0.33/gal for state tax!  Speculatoin in the futures market, along w/ OPEC drive the cost of oil up.  Most of increases lately are due to the speculatoin!

One thing to keep in mind when you see "record profits for oil companies" is that it is completly American to create a product the public wants/needs and sell it for a profit.  It's called capitalism.  And any 'windfall profits tax' will only hurt us for two reasons: first, no one is going to take a cut in profit, so the tax gets passed on to us.  second: if they didn't pass the tax to us, it would result in less money for exploration of new sources, building/maintaining/updated refineries, etc, which means less oil availible, which drives up the cost for us. 

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