Loc: New Hampshire
Put $10 of gas in my tank - that's 4 gallons. I was curious to see where the money goes<br><br>Out of the $10 <br><br>$1.44 went to federal and state taxes<br>$0.25 went to marketing and distribution (the gas station)<br>$2.20 went to refining (the gas company)<br>$6.11 paid for the crude oil<br><br>Out of the refining portion $2.20, after paying for the actual costs of refining the crude oil into gasoline, the profits are split up into divedends paid to the shareholders, while the bulk of the profits re-invested into capital investments and oil exploration.<br><br>Out of the $6.11 paid for the crude oil - $2.85 of that would go to the producer (whether it's an oil field in Texas, or to Canada (biggest exporter of oil to the US) or to Saudi Arabia - I'm basing this on $28 per barrel oil figure last reported by OPEC. The rest -<br><br>$3.26 is paid to investors/traders of oil futures and commodities. Part of the large amount of money is due to the large interest in big investors that have traditionally invested in bonds but now due to low interest rates have turned to futures for extra profits.<br><br>Interesting stuff. Your mortgage rate goes down, price of gas goes up. Also, the oil companies aren't raking in the profits, it's the banks. So if you want to get in the game, invest in banks not oil companies.<br><br>*these figures are relatively accurate based on multiple sources - best link - http://www.energy.ca.gov/gasoline/margins/<br><br>
i never contended that the oil companies are raising prices to make a profit (and, i am not saying you think i said this), though that's not out of the realm of possibilities from time to time -- every corporation wanting to survive thinks about how to make more money, i'd guess. anyway, we're having a harder and harder time finding new oil and the upward trends of finding new oil to tap is reaching a peak. i certainly wouldn't invest in oil companies at this time. further, if OPEC ever decides to trade in EUROs instead of dollars that would devalue american oil companies even more. <br><br>snippet of an <a href="http://www.truthout.org/cgi-bin/artman/exec/view.cgi/37/9632">article</a> i came across with a google search:<blockquote><font size=1>In reply to:</font><hr><p>The leading energy analysts who foretold Enron's demise have an alarming new claim: The world's major oil companies are almost tapped out.<br> Four years ago, the analysts at John S. Herold Inc. were the first to call B.S. on Enron. On Feb. 21, 2001, three Herold analysts issued a report that said Enron's profit margins were shriveling, the company had too few hard assets, and its stock price was way too high. Less than ten months later, Enron filed for bankruptcy.<br><br> Today, the analysts at Herold -- a research-only firm that issues valuations on several hundred publicly traded energy companies -- are making predictions even bolder than their call on Enron. They have begun estimating when each of the world's biggest energy companies will peak in its ability to produce oil and gas. Herold's work shows that the best minds in the energy industry are accepting the reality that the globe is reaching (or has already reached) the limit of its own ability to produce ever increasing amounts of oil.<br><br> Many analysts have estimated when the earth will reach its peak oil production. Others have done estimates on when individual countries will hit their peaks. Herold is the first Wall Street firm to predict when specific energy companies will hit their peaks.<br><br> Since last fall, Herold has done peak estimates on about two dozen oil companies. Herold believes that the French oil company, Total S.A., will reach its peak production in 2007. Herold expects 2008 to be critical, with Exxon Mobil Corp., ConocoPhillips Co., BP, Royal Dutch/Shell Group, and the Italian producer, Eni S.p.A., all hitting their peaks. In 2009, Herold expects ChevronTexaco Corp. to peak. In Herold's view, each of the world's seven largest publicly traded oil companies will begin seeing production declines within the next 48 months or so.<br><br> Executive vice president Richard Gordon, who heads Herold's global strategies team, says the firm's goal in doing peak-production estimates for individual oil companies is simple: "If the dinosaurs are going extinct, we are trying to figure out which ones are going to go extinct the soonest."<br><br> Herold's projections have enormous ramifications both for stockholders in the major oil companies and for every energy consumer on the globe. If Herold is correct, and the world's biggest oil companies cannot increase their production in the coming years, then several things appear certain:<br><br>Oil prices -- which are already at record levels -- will continue rising as demand outstrips supply. In a few years, gasoline prices of $2 per gallon could seem like a bargain.<br><br>State-owned oil companies like Mexico's Pemex, Venezuela's PDVSA (Petroléos de Venezuela) and Saudi Arabia's Saudi Aramco may be unable to increase their production enough to meet burgeoning global demand.<br><br>The producers who belong to the Organization of the Petroleum Exporting Countries, and Saudi Arabia in particular, may have even more leverage over the global oil market in the coming years<br><br>The United States will be ever more reliant on oil imported from countries filled with people who don't like George W. Bush or his policies.<p><hr></blockquote><p>--<br>Straw-man rhetorical techniques are the practice of refuting weaker arguments than one's opponents offer. 2 "set up a straw man" or "set up a straw-man argument" is 2 create a position easily refuted, then attribute that position to your opponent.
So for every ten bucks I pay for gas $2.85 goes to Saudia Arabia if they own the oil that is sent? <br><br>Unbelievable. You know how many gallons of gas are sold every day in the US? And the number that are produced in the middle east? (Those are questions, I don't know and am too lazy to look up right now but I know it is quite a few gallons.)<br><br>Gasoline is still way too cheap. We should be adding more usage taxes for the damage the whole system of transportation that we have ended up with based soley on gasoline. Insanity to be charging a meager $2.60 per gallon for regular when we subsidize this travesty (highway system for example) hand and foot and we allow trains, buses and local mass transit turn into crapola.<br><br>Squawking about gas taxes going to highway building only is just that. Squawking. Chicken and egg. Taxing the four people who take trains because we have designed the system so tha no one but four fools would take trains is just BS. Of course trains will fail. If you want them to.<br><br>
i agree. we should be taxing our gas like most other countries around the world. use the money to improve and encourage other modes of transportation (e.g., subways, buses). i don't mind paying more for my gas if the money is being spent to improve the way people choose to travel and the quality of the alternatives.<br><br>i live a block from a bus stop and my university pays for all students and faculty to ride for free. my bike arrives this week and the buses have a bike rack on front. i can get to within 6 blocks of work on the initial bus and then ride from there (as opposed to taking that bus to the station and then switching and adding 20 minutes to my trip to pull up out front). hurry bike, hurry. <br><br>i plan to make my previous 2 years of driving 4500 miles a year look like a lot compared to this year.<br><br>--<br>Straw-man rhetorical techniques are the practice of refuting weaker arguments than one's opponents offer. 2 "set up a straw man" or "set up a straw-man argument" is 2 create a position easily refuted, then attribute that position to your opponent.
<blockquote><font size=1>In reply to:</font><hr><p> i live a block from a bus stop and my university pays for all students and faculty to ride for free. my bike arrives this week and the buses have a bike rack on front.<p><hr></blockquote><p> Now that's the shiit I'm talking about.<br><br>It is a huge complicated picture but just take this situation. Putting bike racks on the front of all busses and within all subways and trains. Does this all cost a few taxpayer bucks to get going. Yes and I would be glad to pay those taxes. <br><br>I did my part this week. I found out that Brigham and Women's Hospital was throwing out eight bikes as they were locked in the same place for five years. Someone in my lab picked the locks (OK in another job he owns a kryptonite lock pick (security)). With two hours of WD40 and propane torch on the chains their are eight very usable bikes. Nothing I would fly down a mountain with but as a commute they work fine.<br><br>I put all eight bikes out for general usage in the lobby to get back and forth from the main campus. I was told they need locks. I said WHAT!! These are free bikes. Use them. If they are stolen they are still being used instead of a car somewhere. Why add BS like locks to keep people from using them?<br><br>Blank stares. I ignored them and people are using them without locks. Sort of gives OMG new meaning.<br><br><br><br><br><br>
I got rid of my car just a couple of days before a few Manhattan gas stations climbed past the $3/gal. notch. <br><br>But I've got good news. I just saved a bunch of money by cancelling Geico! <br><br>
As piss-poor as public transportation is in So. Fla, most of the local buses and shuttles have bike racks, and you are allowed to bring your bike on TriRail trains (the So. Fla. commuter rail line). All you need is a free permit sticker, and the cars have designated bike storage areas. Very convenient.<br><br>Now, all they have to do down there is get the trains to run less than an hour behind schedule once in a while, and ask the idiot drivers on the roads to stop playing chicken with cyclists... <br><br>
Sounds like they are at least one step ahead of Boston. No racks, hour behind, and they still play chicken. Over in communist Cambridge they have bike lanes well designated to stop the chicken and they have some buses with racks. But they still are an hour late.<br><br>We need a combination of socialism, communism with a pinch of capitalistic, "stop burning the terrorist gas".<br><br>Some country I forget where made a pantload of commuter bikes available. I think it may have been a town in England. Eventually they were all stolen. Why didn't they buy tenfold more and deem it a success because all of the stolen bikes were likely being ridden by someone who might be riding in a car?<br><br>I don't know. There is a reason for centralized stuff. Buying bikes and cancer research is just two of the things I can think of right now.<br><br>
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