History repeats itself . . . .
Jun 27, 2022 09:28:07 #
Jun 27, 2022 10:24:01 #
Rashid Abdu wrote:
Yes, history repeats itself. We repeat the same mistakes, again and again.
"Only fools repeat the same things over and over, expecting to obtain different results." - George Bernard Shaw
Loren - in Beautiful Baguio City
Jun 27, 2022 10:45:55 #
bikinkawboy wrote:
I find it interesting that any time there isn’t en... (show quote)
In my area, “profits are up” is a possibility, but not due to greed. In my area, oil companies are simply not expanding operations due to fact that doing so in today’s hyper-inflation market will cost more than double what it would have in 2020. Combined with an administration hostile to the entire industry, you have a perfect storm keeping any plans of expansion on hold.
Jun 27, 2022 11:00:48 #
Schwabo
Loc: Florida
bikinkawboy wrote:
I find it interesting that any time there isn’t en... (show quote)
Funny, I find it interesting that in 2017 - 2020 the oil companies also made Record Profits but the cost of fuel was around $2.00, I wonder what changed?
Jun 27, 2022 11:27:25 #
Jun 27, 2022 11:44:08 #
Schwabo wrote:
Funny, I find it interesting that in 2017 - 2020 the oil companies also made Record Profits but the cost of fuel was around $2.00, I wonder what changed?
Maybe personnel and policy?????
Loren - in Beautiful Baguio City
Jun 27, 2022 11:55:36 #
HamB wrote:
Supply and demand...
There is limited supply and great demand...
Increase supply and price goes down
Econ101
There is limited supply and great demand...
Increase supply and price goes down
Econ101
bwa
Jun 27, 2022 12:07:34 #
Greg from Romeoville illinois
Loc: Romeoville illinois
Rathyatra wrote:
But in a more modern way!!
Should have a mask on both in the second caption.
Jun 27, 2022 13:40:44 #
HamB wrote:
Supply and demand...
There is limited supply and great demand...
Increase supply and price goes down
Econ101
There is limited supply and great demand...
Increase supply and price goes down
Econ101
But there is no limited supply in the USA, at least not in the parts of the country where I've been buying gasoline for the past few months. No lines, no rationing, no problem at all buying gasoline, no shortage, just corporate greed.
Jun 27, 2022 15:23:56 #
rmorrison1116 wrote:
But there is no limited supply in the USA, at least not in the parts of the country where I've been buying gasoline for the past few months. No lines, no rationing, no problem at all buying gasoline, no shortage, just corporate greed.
No shortage of gasoline but a definite shortage of crude oil and refinery capacity.
bwa
Jun 27, 2022 16:45:23 #
bwana wrote:
No shortage of gasoline but a definite shortage of crude oil and refinery capacity.
bwa
bwa
Ok, gasoline is made from crude oil in refineries. If there is no gasoline shortage, then there is obviously no crude oil shortage, and they had to turn that crude oil into gasoline somewhere. The oil companies see the writing on the wall. Hybrid and Electric Vehicle are more popular now than ever, and EV's are definitely the future, and for a lot of people that future is now. The oil companies are simply going for as much profit as they can for as long as they can, and don't give a damn about the consequences.
Jun 27, 2022 18:21:17 #
Jun 27, 2022 18:51:24 #
Jun 27, 2022 19:28:20 #
Jun 27, 2022 19:33:11 #
rmorrison1116 wrote:
Ok, gasoline is made from crude oil in refineries.... (show quote)
'Hybrid and Electric Vehicle are more popular now than ever, and EV's are definitely the future, and for a lot of people that future is now.' Keep dreaming... It'll happen someday but not in the near future!
bwa
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