Gas Sign This article is for all of the people that don’t believe that Big Oil is sticking it to them and that the “trouble” with the price of gas is that “the refineries are breaking down” and have “choked” the gasoline flow to your gas eating SUV’s. Let me ask you all a question. Why are these refineries breaking down when Exxon/Mobile just pulled off the largest profits of any corporation at any time in the history of the world? Some estimates have profits as high as 377 billion dollars. That’s just PROFITS my friends, it isn’t taking into account operating costs.
Besides Exxon/Mobile there is a host of other oil companies that recorded windfall profits last year. If there is a meltdown at the refineries, than it is a criminal meltdown. The reason I call it criminal, is after gouging all of the profits they could possible manage to squeeze out of every human being on the face of this planet, they have the nerve to tell us that they didn’t bother to put some of it these profits back into their infrastructure to keep the flow of gasoline going.
I believe that they actually planned this to add another reason why gas prices must rise. If not then they are criminally culpable for letting the refineries fall into such a state of disrepair that over thirty of them stop refining at the same time. Why hasn’t the government stepped in to see exactly why Big Oil hasn’t insured the flow of oil to the nation? Isn’t in our national interests to keep the economy from gas price spikes that wreck havoc with inflation? Why do you believe that they get away with such irresponsible business practices? Could it be the same oil companies that are stopping the pumping of Iraqi oil with the help of our oil-connected administration are pulling another fast one for additional windfall profits?
What a great deal! The oil companies now deliver LESS oil at a higher price and make more money! How’s that for a racket! That’s like getting a huge pay raise, working less, and making the same or more. What happens when they pull more refineries off-line and the price goes to five bucks a gallon? They can keep the same profits and deliver less product.
I know, I know, supply and demand. Sure, that is a good argument. Still, time and time again the Big Oil has used excuse after excuse on why the price of oil just has to rise. Even when only 1/5 of the oil reserves in Iraq, light sweet crude, is being pumped (and slowly at that) OPEC has put arbitrary limits on Iraq and Iran, limiting the oil they can pump. They have convinced the world that we are running out of oil. We are not. Just like the refineries that are breaking down conveniently before the summer dive season, another “crisis” will drive prices up again next year just before Memorial Day exactly as in past Memorial Days.
Speaking of memorials, let me remember Jerry Falwell who devoted his life to bigotry and name-calling in the name of Jesus, may you rot in hell. The same exact sentiment I have for Ken Lay, who by the way, was one of the “architects” of the Iraqi oil scam before he was convicted of another fraud. Just keep on believing what the mainstream media is telling you about the oil supply. While you are believing them, don’t cast me as an oil fan. I just don’t like paying for Big Oil’s lies. I drive a Jeep with a four-cylinder engine, not a Hummer or a Lincoln Navigator that they can’t keep enough of in Bush’s hometown of Crawford, Texas. Seems that oil profits are so good there that to get a Lincoln Navigator, you have to wait in line.
So either check the facts out for yourselves or slam me for telling you the truth. Check out the price hikes and problems with the oil supplies before every Memorial Day. Check out how many people that belong to the think tank “Project for a New American Century” are from Big Oil. See how many Republicans AND Democrats are taking campaign funds from Big Oil. Read Greg Palast’s book “Armed Madhouse” and then tell me that something doesn’t stink. You can fall for it, but I’m not. I’m going to write my Nazi Senator Lindsay Graham and tell him to look into this (right). If you have a decent Senator or Congressman, I would advise you to do the same. I smell anti-trust here. Don’t you smell something rotten?
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Tim was banned from the site for posting private email from the publisher to him on his blog, and then attacking the publisher and the site in emails and articles. OEN has no responsibility to publish articles from people who attack the site.
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Former Chairman of the Liberal Party of America, Tim is a retired Army Sergeant. He currently lives in South Carolina. A regular contributor to OpEdNews, he is the author of Kimchee Kronicles and is currently at work on a new novel.
If you find a senator that isn't on the take from Big Oil let me know and will put them in my will. They all prostitute themseves to whomever has the big bucks. Hillary is hosting a party for one of the oil heirs this week and she wants to president.
Looks like the only thing that would change things is for all of to just stop buying gass for a week or so. Fat chance of that ever happening because the people in this country will never stick together on anything. Why our citizens stand and take it when the Administration, Big Oil and Corporate America sticks it to them with out a wimper is beyond me. Hopefully some day they will all get mad enough and take action. They do it in other countries why not here.
by
walley (0 articles, 0 quicklinks, 0 diaries, 108 comments)
on Wednesday, May 16, 2007 at 7:12:59 PM
I see Citgo on the sign. I've read that the profits go to Venezuela so it's better to buy from them (although the price here is about the same as others). Anyone have more information on this? Should Citgo be on the sign?
by
Blue Pilgrim (0 articles, 3 quicklinks, 2 diaries, 997 comments)
on Wednesday, May 16, 2007 at 7:41:16 PM
I've done a good deal of research on crude and sweet oil. To bring Sweet oil to the pump per barrel (American production adds 2.2 gallons per barrel) thus 42 vs 44.2 gallons barrels costs, including all production and shipping, at the corporate pick-up at the dispatch oil storage units, before profits $1.00-$1.50 Per barrel. Figuring the price per barrel at roughly $70, and understanding that they get 19.5 gallons of auto motor oil and the rest a variety of other oil uses is leaves 24.7 gallons. Doing the necessary math leaves a profit of only an 8800% mark up for atuo fuel. If that is not criminal I don't know what is.
So a handful of pigs roll in our dough whie we pay $3.50 a gallon! In Iraq before Bushites blundered in gas at the pump was $00.05 a gallon FIVE CENTS A GALLON!
In Venezuela where they have gunky crude not sweet it costs a little more, and so there it is now $00.12 a gallon and in Syria /Iran about the price of a small Hershey bar per gallon. I guess it is plain to see who values their citizens more, Iraq before the war, Chavez now and Syria and Iran apparently value thier people more than Bush values his. How about asking Chavez to run for president here. Too bad the law bars aliens from running, we would get sweeter oil prices if he replaced Bushite leadership.
What a barrel of crude oil makes:
Product gallons per barrel-the processing in America of crude oil, actually gains a bonus of 2.2 gallons making the traditional 42 gallons into 44.2 gallons. Here is how the 44.2 gallons breaks down
Gasoline-19.5, distillate fuel oil 9.2 (Includes both home heating oil and diesel fuel), kerosene-type jet fuel 4.1, residual fuel oil (heavy oils used as fuels in industry, marine transportation and for, electric power generation) -2.3, liquefied refinery gasses-1.9, still gas-1.9 Coke-1.8, asphalt and road oil-1.3, petrochemical feed-stocks-1.2, lubricants-0.5, kerosene-0.2, other-0.3
by
Professor Emeritus Peter Bagnolo (144 articles, 1 quicklinks, 95 diaries, 1311 comments)
on Wednesday, May 16, 2007 at 8:45:02 PM
Since the War on Terror and the Iraqi war build up were Lies largely driven by Media complicity, What makes it so hard to believe that the refinery problems are nothing more than just convenient Media announcements.
Something tells me that refining Gas from crude isn't exactly rocket science.
WE are the targets of the WAR on Terror. It's just not what you are told it is by Officialdom
by
"Hoss" David P. (51 articles, 5 quicklinks, 14 diaries, 338 comments)
on Thursday, May 17, 2007 at 8:02:35 AM
5 comments
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