Down with the evil Gas lords. (yes, i am brave enough to post another from myspace)

[Japher]

...not the "Gas Lords" I was thinking of....

[JohnT]

Originally posted by Kaak
JOHN - I DO NOT GIVE A RAT'S ASS ABOUT WORLD PRODUCTION. EXXON IS THE LARGEST US COMPANY, AND MOST OF THE OIL THEY PUMP IS SOLD HERE. WHAT YOU ARE SAYING IS COMPLETELY BEYOND THE SCOPE OF THIS DISCUSSION. I UNDERSTAND THE MARKET FOR OIL IS GLOBAL, BUT THAT DOESN'T CHANGE THE FACT THAT THE ~ 1 BILLION BARRELS + WHAT THEY BUY IS ENOUGH TO MAKE THEM THE LARGEST US COMPANY.

Gaaaah.

I really want to go ahead with them having the paper copy on hand while they actually work and record on the computer for now.

I never said they were forcing prices higher. I'm sure they are happy that the prices are high, and are perfectly fine with selling it at market value. I was only suggesting that they have a lot of room to cut prices *if they HAD to*.

KAAK!!!! STOP MAKING ASSERTIONS THAT MORE EDUCATED AND EXPERIENCED PEOPLE ARE TELLING YOU ARE EITHER IRRELEVANT OR FALSE!!!!!:

I UNDERSTAND THE MARKET FOR OIL IS GLOBAL, BUT THAT DOESN'T CHANGE THE FACT THAT THE ~ 1 BILLION BARRELS + WHAT THEY BUY IS ENOUGH TO MAKE THEM THE LARGEST US COMPANY.

IRRELEVANT! WE'RE TALKING ABOUT THIS WORLD, NOT THE ONE IN YOUR HEAD. AMERICAN COMPANIES HAVE NO MORE CONTROL OVER THE PRICE OF GASOLINE IN THE US THAN I DO OVER THE PRICE OF APOLYTON PLUS SUBSCRIPTIONS.

I never said they were forcing prices higher.

FALSE!!!! FROM YOUR VERY OWN OP:

I suggest that we not buy from EXXON/MOBIL UNTIL THEY LOWER THEIR PRICES TO THE $1.30 RANGE AND KEEP THEM DOWN.

Now that the oil companies and the OPEC nations have conditioned us to think that the cost of a gallon of gas is CHEAP at $1.50 - $1.75,

If they are not selling any gas, they will be inclined to reduce their prices. If they reduce their prices, the other companies will have to follow suit.

HOW ARE THEY ABLE TO LOWER PRICES AS DESIRED IN THE OP, KAAK, IF THEY AREN'T FORCING THE PRICE HIGHER AS YOU NOW CLAIM? WTFRICKETY****?

[KrazyHorse]

Originally posted by Kaak
JOHN - I DO NOT GIVE A RAT'S ASS ABOUT WORLD PRODUCTION. EXXON IS THE LARGEST US COMPANY, AND MOST OF THE OIL THEY PUMP IS SOLD HERE. WHAT YOU ARE SAYING IS COMPLETELY BEYOND THE SCOPE OF THIS DISCUSSION. I UNDERSTAND THE MARKET FOR OIL IS GLOBAL, BUT THAT DOESN'T CHANGE THE FACT THAT THE ~ 1 BILLION BARRELS + WHAT THEY BUY IS ENOUGH TO MAKE THEM THE LARGEST US COMPANY

And US companies are relatively minor players. If company X is the largest oil company in Liechtenstein it doesn't mean ****.

[JohnT]

Originally posted by Kaak
Kontiki: I'll save you the research. PM me and i'll give you my buddy Eric's phone number. His job is buying/dealing with mineral rights.

Since KonTiki already does that, why does he need to talk to your friend?

[JohnT]

Originally posted by Kaak
John, underpriced, overpriced, whatever. the point is that the oil companies were able to sell if for that and not lose their shirts.

Prove it using financial analysis with data pulled from Exxon's 10-k. Not arguments pulled from your ass, but data. Facts. Statistics. Numbers.

[JohnT]

Originally posted by Kaak
Holy ****. this is comical. People are having their eyes gauged (sp??) out at the pump, and you guys are lining up to defend the oil companies

We're defending truth and accuracy.

[KrazyHorse]

I still think Kaak doesn't understand the difference between a marginal cost and an average cost.

[JohnT]

Originally posted by Kaak
John, underpriced, overpriced, whatever. the point is that the oil companies were able to sell if for that and not lose their shirts.

No, Kaak. They were able to buy it for that, produce it, and then sell the distillants at marginally higher prices.

Aren't you even listening?



Edit: Nice X-Post.

[KrazyHorse]

Kaak, there is only one price for oil at any given location at any given time.

To ensure that demand and supply meet, the market fluctuates until it reaches a price at which the demand and supply balance. Even if 90% of the demand can be met by oil drilled at 15$ a barrel, the market will increase the price until that figure is one hundred percent. This is accomplished by a decrease in demand at higher prices, as well as an increase in supply (people buy less gas as it costs more, and the oil company is willing to pay more to extract if a higher price makes this marginal oil profitable). Setting the price artificially lower than this equilibrium price will result in a SHORTAGE because the oil company will drill less oil and demand will be higher.

[MRT144]

kaak is quite possibly the biggest idiot ever. especially invoking anectdotes about his oil rig papa being some kind of expert on oil production politics and economics.

[Imran Siddiqui]

I seriously hope that Kaak isn't a liberal arts major, because that would set my side back very far in that ongoing debate on Poly OT .

[MRT144]

Originally posted by Kaak
Holy ****. this is comical. People are having their eyes gauged (sp??) out at the pump, and you guys are lining up to defend the oil companies

maybe we own stock in them?

**** man, I make 10 an hour and own stock in oil companies and ride the bus. whats your excuse?

[MRT144]

Originally posted by Imran Siddiqui
I seriously hope that Kaak isn't a liberal arts major, because that would set my side back very far in that ongoing debate on Poly OT .

I hope Kaak isnt even in college period because that would set the educational system in America back several grade levels

[Imran Siddiqui]

[KrazyHorse]

Originally posted by Imran Siddiqui
I seriously hope that Kaak isn't a liberal arts major, because that would set my side back very far in that ongoing debate on Poly OT .

He's a half/half compsci filosofy, apparently...