Maybe oil companies deserve it, no one can argue that they are making a lot of money.
But, make sure you turn on your brain too...
Part of the reason they are making a lot of money is due to supply an demand...there is little supply and A LOT of demand...
But I can not understand why NO ONE is blaming environmentalists for ridiculous oil prices?
They are the ones that won't let us drill for oil in 48 states....
They are the ones who will not even let us drill in the middle of a frozen tundra because 2 carabo might not be able to have sex in private....
They are the ones that have made us weak and dependent on foreign oil...
Yes we need to find other ways to produce energy...but how can we keep letting environmentalists continue to weaken our countries power in the world and weaken our bank accounts?
We need to become aggressive again, do what we did to make this country great....if it messes up some sex for animals, fine....
The greatest country in the world should be able to produce its own energy
Tuesday, November 08, 2005
Why are we yelling at the oil industry
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If there is a shortage of gas, how come I can get it anytime I want?
In macro economics, if the price goes up as the supply goes down, shouldn't the revenue roughly even out because the oil companies are selling fewer (scarcer) units but at a higher price?
But revenues certainly aren't staying flat. Go figure.
I want to focus on the other issue...
we are in the mess we are in because of crazy environmentalist...they are never right about anything anyway...
They restrict cutting down trees...we have more forest fires...
We drill in Alaska...wildlife flourishes...
They are idiots, they are weakening this country...we need to drill and refine NOW
The reason, jim, that you can get gas anytime you want is precisely because prices are what they are. If gas were $1/gallon, people would be using even more, wasting more, buying even less efficient cars, driving everywhere, and there would be even less available. High prices are what prevent shortages of products in high demand markets. As price rises, consumption drops until it reaches a balance point. If price were any lower than it is, consumption would quickly outstrip the supply, and then we'd have a real shortage. As it is, everybody who needs gas has it, and those who don't need extra aren't buying it.
Also, price and supply are not linearly related. Also remember that certain overhead costs remain flat as prices of raw materials fluctuate. Therefore when oil rises from $40 to $60 per barrel, the cost to refine and distribute that oil doesn't necessarily change a whole lot. So, when you raise prices to cover the higher costs of raw materials, your total gross income will increase, and so will your profits with the same profit margin, or even a lower margin.
very impressed with our new readers...
When I read this on boortz, my blood pressure soared dangerously high....close to the 'stroke out' range. I live in one of the most esteemed, popular scenic frontier states. The liberal news media is always trying to project their idiotic ideas of environmentalism onto us, by misleading the rest of the nation, in this same sort of twist.
FED UP --- I'M MAKING THE SWITCH .... TO FOX.
I've mentioned many times that I generally watch CNN in the mornings while I'm preparing for my program. Fox News Channel is definitely my first choice throughout the rest of the day, but that morning coffee-klatch "Fox & Friends" bit is just too much for me to stomach. Until now.
My first 30 minutes of watching the morning news is generally spent in the workout room. That would be the first 30 Minutes of CNN's "Daybreak" with Carol Costello. During that first thirty minutes of CNN watching this morning I saw the following:
1. They ran a story saying that House Republicans had "abandoned" its plans to push for drilling in ANWR. During that report CNN showed video of Alaska that most definitely was NOT taped in Section 1002 of ANWR. Snow-capped mountains, rolling grasslands with rushing streams .. this is not ANWR Section 1002. They even ran video of tourists enjoying a white-water rafting trip. This is not ANWR Section 1002 ... so why did CNN run these videos? Simple .. because they know that only a very small percentage of Americans realize that the portion of ANWR which has been specifically set aside for oil exploration, known as Section 1002, is not what you would call picturesque. In the winter it resembles a frozen-over Wal-Mart parking lot. Capitalizing on this ignorance CNN tries to put forth the image that exploration in Section 1002 would ravage beautiful countryside and interrupt tourist rafting trips.
2. Then CNN runs a story from Paris. Almost 485 cars were torched last night in the City of Lights. The CNN reporter told us that the violence was being caused by "disadvantaged youth who have been rioting." Not one single time in the entire report did CNN mention that these rioters were Muslim. Why? Well, maybe it's just political correctness. Then again, maybe their goal is to soften any language that might alert Americans to the fact that the Islamic radicals are still out there, and that they are, in fact, making some rather astounding headway in their efforts to bring the Western world to its knees under Islamic culture and law.
3. Plus, we have the continuing CNN coverage of what they would most certainly like us to believe is a huge scandal over oil company profits. Again, not once did any CNN expert or reporter make any mention of oil company profit margins or price-to-earnings ratios. Instead, they just made references to "windfall" profits. In addition, their entire coverage during that first report centered on what the oil company executives were making. Nothing about supply and demand. Not one segment that could be construed as informational as to how the free enterprise system works. Just "windfall" profits and evil oil executives making tons of money (but still less than Oprah makes).
ummm...the media has a bias...everyone with a brain knows that...but of course well will have Jim and maybe Ron in here telling us otherwise, even though we give fact after fact which can never be proven false
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