Down with the evil Gas lords II: Kaak's Revenge!

[Darius871]

Originally posted by Kaak

http://www.consumerwatchdog.org/energy/pr/?postId=6133

New Gasoline Study Shows Profits, Not Crude Oil Prices Or Ethanol, Are Driving Pump Price Spike

Discuss.

[JohnT]

I think those oil company bastards are paid way too much! Especially Kaak's dad!

[Flubber]

noooooooooooooooooooooooooooooooooooooooooo!!!

[Japher]

I wish I was an oil company bastard

[Flubber]

Originally posted by Japher
I wish I was an oil company bastard

Its a living

[Kidlicious]

You guys do know that historical cost of the refiners inventory is less than the fair market value, right?

[JohnT]

Speaking of an Evil Gas Lord, I should disclose for purposes of this thread that I am one.

$320 in dividends from my XOM stock this quarter ($1,280/yr, $.32/share)

$180 in dividends from my ConocoPhillips stock this quarter ($720/yr, $.36/share)

$131 in dividends from the Ford stock ($524/yr, $.10/share) (not necessarily a gas company of course, but their customers help my XOM stock. It's a win-win all around. )

There is also my investments in Big Tobacco (Altria), Big Finance (Bank of America, BB&T), and Big Pharma (BMS, Merck).

Hell, I've gone beyond being a mere Evil Gas Lord and now consider myself an Official Merchant of Death™.

[Flubber]

Originally posted by Kidicious
You guys do know that historical cost of the refiners inventory is less than the fair market value, right?

Where are you leading with this? The "cost" of anything may be different than its fair market value. If price is appreciating for a given item/product/inventory, its unsuprising that its FMV will exceed its "cost".

My house also has an FMV way above its cost. My car has an FMV way under its cost (since it is depreciating). SO ??

[JohnT]

Originally posted by Flubber


Where are you leading with this? The "cost" of anything may be different than its fair market value. If price is appreciating for a given item/product/inventory, its unsuprising that its FMV will exceed its "cost".

My house also has an FMV way above its cost. My car has an FMV way under its cost (since it is depreciating). SO ??

I wanted to make that point, but thought it so blindingly obvious that I feared I was missing something in Kid's statement.

[Flubber]

Originally posted by JohnT
Speaking of an Evil Gas Lord, I should disclose for purposes of this thread that I am one.

$320 in dividends from my XOM stock this quarter ($1,280/yr, $.32/share)

$180 in dividends from my ConocoPhillips stock this quarter ($720/yr, $.36/share)

$131 in dividends from the Ford stock ($524/yr, $.10/share) (not necessarily a gas company of course, but their customers help my XOM stock. It's a win-win all around. )

There is also my investments in Big Tobacco (Altria), Big Finance (Bank of America, BB&T), and Big Pharma (BMS, Merck).

Hell, I've gone beyond being a mere Evil Gas Lord and now consider myself an Official Merchant of Death™.

Good for you !! Due to strict conflict of interest rules, I find myself unable to directly own stock in any of the majors so I am playing at the fringes with a number of small oilsands players

[GhengisFarb™]

Originally posted by Japher
I wish I was an oil company bastard

ditto.

I have to make do with the royalties they pay me.

[Kidlicious]

Originally posted by Flubber


Where are you leading with this?

It explains why the price of gas is driven by profits, not the price of oil, since they paid a lower price for oil than it's fmv.

[Kidlicious]

btw, what the **** is it about republican california governors. Arnold says there aren't enough refineries in california because we don't keep our tires inflated.

[Flubber]

Originally posted by Kidicious
btw, what the **** is it about republican california governors. Arnold says there aren't enough refineries in california because we don't keep our tires inflated.

Well apparently you can improve your gas mileage by properly inflating your tires.

I didn't hear what Arnold said but better mileage might lessen demand somewhat

[Kontiki]

I'm sure his fleet of Hummers is doing a great job contributing to that lessening of demand.