articmp said:I never said I didn't regret voting for Obama. I just don't wear the blinders that force me to put the blame on the man that is sitting in the path. Most things that happen on the Hill are no less than a term behind the man that is in the big seat, if not farther back. Who is gonna profit from high fuel prices? The guy who is sitting on crude stocks.... like the Bush family. The consumer pays the high end, the gas station sees a little profit, the transport company get's a piece, the tank farm get's a bit, the refinery has it's hand in the mix, then the oil field owner is at the start of it all. Who get's the biggest share? The companies that own the whole mess.
TheSnake said:This thread has been around for almost a year with Members venting about the high prices of gas and other things. It goes dormant for awhile and kicks back up again. At the current rate, the Boss may delete it. Please let's keep it clean and not post personal attacks.
jkohler said:The reason crud oil is at this price right now is because oil is traded on the American dollar. And the problem is the federal reserve is printing money at a rate that is just unreal making the dollar fall and fall. Until we get our monetary system fixed witch is getting the federal reserve out of it the problem is going to just keep going. The big banks are your enemy
Now there is a side to the story that I have never heard before. And an interesting one. Doesn't mean much to me as I don't understand the process but still nice to get a story from the corn.22XC Guy said:Having ~25 years of refining inspection/process experience, including overseas.. The only reason Jr declared the so called war, Saddam announced selling his crude on the euro market, which created mass destruction headlines for the cover up, that took balls.. They didn't want to lose their percentage factor per barrel through Wall Street..
The chain of command does not dictate the refineries controlling prices, operations controls and pays all bills inside the refinery, the plant/s are allotted x amount of dollars for maintenance and upgrading... Once product leaves the main line block valve, the product belong to marketing and sold from there, then the magic begins.. .
Yes, it's ashamed to hear about Sunoco where I spent 18 years or so there, starting just after the Gulf/Chevron buy out, don't forget Conoco plant closed.. But don't forget, Sunoco is listed as the largest Independent producer, big difference keeping up with the big boys...
For some of you that can remember buying white gas way back years ago? Good keep that in mind... The was no gas war in the 70's, if so, then 2005 should have been a gas war too.. The physical change that was made and mandated for using unleaded gasoline, white gas was unleaded, the name was changed... For 2005, the change was low sulfur gas and diesel, that was per ~1994 federal guidelines, all research and development was given 10 years to design, plan, and construct process units before the deadline of late fall of 2004.. Everything had to be de-inventoried in both cases for new product/s...
All crude is not the same as all are aware of, it does effect the main stream design at the equipment material design level, changing crude mid stream causes, mild to severe internal corrosion and erosion issues, including piping.. Pennsylvania is state regulated for unfired pressure vessels, not many state accidents, fires are immaterial, but aging and safety are costly factors...
Speculators, future's buying, and federal guidelines are the main sources but not necessary in that order..
All I can say, it's not looking good...
Robert,TheSnake said:This thread has been around for almost a year with Members venting about the high prices of gas and other things. It goes dormant for awhile and kicks back up again. At the current rate, the Boss may delete it. Please let's keep it clean and not post personal attacks.
Timeout,timeout said:TheSnake said:This thread has been around for almost a year with Members venting about the high prices of gas and other things. It goes dormant for awhile and kicks back up again. At the current rate, the Boss may delete it. Please let's keep it clean and not post personal attacks.
Hopefully, you do not take my last post as a personal attack. I pointed out the fact that the gentleman was not a site contributor, as well as the hypocrisy about "being informed". At no point did I use terms like you are an idiot, etc. I too, do not want to see this site become abrasive. It is fine with me if this topic is removed, as there are other forums to discuss politics. Just please do not expect me to sit idly by and accept misinformation - especially at a time when our country faces economic disaster and Government takeover of our Freedom.
tome said:JKOHLER..you hit it on the head...the dollar is the world currency..it's worth less because this country has had a weak dollar policy all the way back to bush's 1st term..soooo ..gas at the pump costs more..couple this with no real energy policy... an EPA that's out of control ...obamas need to curry the far left greens to be reelected..and you have the perfect storm
Franklin Delenoe Rosevelt!! started all this, when he took us off the gold standard, and started using the printing press method and backing our dollar with cheap promises!jkohler said:Tome
I'm buy no means a political guy at all or even that smart to say the least . I just read about history a little and do not listen to the news at all any more. Are credit problem stated way before any of the Bush's to tell you the truth. Look back to the start of the Fed Reserve and follow the money to the BIG BANKS. Banks make money on debt and that's where all leave that.
