We Could Build a Coal-to-Gasoline Conversion Plant

The price of oil in dollar tems is more attributable to the weakness of the dollar Everything will soon be more expensive in dollars Houses, gold, oil have been paving the road Soon hamburgers, coke, toilet paper etc will follow It is adjusting to the amount of dollars that have been printed Banks around the world are beginning to send the dollars home The negotiations for oil is turning to Euros

You can think of it as a Pizza There is one Pizza and several slices The whole Pizza is worth 100 dollars and one piece costs 1 dollar You print 900 dollars more to pay for the Pizza Now the Pizza is worth 1000 dollars and each slice costs 10 dollars It is still the same Pizza and the slices are the same

You will be going to the store and the hamburger you get is the same size with the same ingredients but it will cost you ten times as much

Just like what has happened with the oil You get the same amount of oil but you need ever more dollars

The rest of us do not want to pay for your counterfait money and pay for your exceesive livestyle

The chinese have shown how they can make the same things as you do for a lot less amounts of dollars

One hour of pay in USA costs the same as 30 hours in China

It is not because one hour in USA is worth more it is just the dollars are overpriced and they are spread all over the world

The rest of the world are sending those dollars home where they belong and you will see its worth decreasing

There is no way they can be talked up in value any longer

A hamburger costing 1 dollar should cost 30 dollars

Prepare for a heavy inflation

A house costing 100.000 dollars should really cost 3.000.000 dollars

The house is not becoming better it is just the dollars going down in value

The Corean war The Vietnam war The Afghan war The Iraq war

and many other stupid actions has called for the printing presses creating dollars and they are coming back now along with the terrorists

Best of luck

If what you say is true, then shouldn't the money market interest be falling?

YOu got it ass backwards. When you make a claim, it is up to you to support your claim. It is not up to me to disprove your claim.

Jeff

That's less than $0.01 per gallon. That's almost nothing.

Yet, according to Sen. Reid, oil companies make 50c to 75c per gallon of gas.

and the big oil companies saw their profits go up by 44 to 294%! I am really happy that I invested in the oil companies and related industrties. In California, the price of refining and profits went from about $0.35 to $0.40 in January 2002 to around $0.65 now. I guess that explains the record profits the oil companies are making.

Jeff

Precisely the point, you made a claim, I'm only asking you to prove it. I merely quoted something I read, I made no claim. I even directed you to the source for what I posted ;)

mike hunt

. When you make a claim, it is up to you to support your claim.

Can we assume you are not an economics major? ;)

mike hunt

You can resort to calling me names if you are running out of arguments to support you position if you chose, I could not care less, but I certainly am not ignorant of the fact one can not refine crude to get to the carbon stock without producing gasoline or other volatiles. If they can not sell or store them, they will need to be burned off ;)

mike hunt

According the Department of Commerce, oil companies in general earn around

9% or 10% profit. WalMart and Procter Gambol make well over 20%. Exxon paid more in federal cooperate taxes than it paid in dividends to the share holds, who then paid taxes on the SAME money ;)

mike hunt

ExxonMobile had a profit margin of around 10.8%.

Walmart and its competitors had profit margins of around 3.6%.

The values are from yahoo fiance

and I am sure that the corporate filings with the SEC will be consistant with the yahoo finance numbers. After all, that is where Yahoo gets them.

Jeff

Jeff, you and Mike are bad readers,,, Or are a bad study,,, Give it up... You have both taken it beyond your means... Wasting everyone time if you cannot respond to others... Have a good day, not that I would think that you would see this message..

Gerald

Gerald my friend don't you recognized when sombodys chain is being pulled? ;)

mike hunt

Then, ignore the thread.

Bye.

Jeff

What specific claim did I not back?

Jeff

Other tactics you might try include top-posting, to make it harder to follow threads, ignoring particular parts of threads where you have been shown to be incorrect, claiming that the other people don't support their arguments when the other people are asked for evidence, deleting parts of a post without indicating that fact when those parts of the post contain the information that shows the other person is incorrect.

Mike is an expert at all of these, so you can read his posts for examples of each of them.

Please provide evidence that oil companies have burned off "volatiles" in large quantities to get rid of them in recent years.

Jeff

Now we are getting to the crux of the problem, I never said 'oil companies have burned off "volatiles" in large quantities to get rid of them in recent years.' No wonder you can not prove that it. What I have been saying all along is what I said in my post. If they can not store gasoline or sell it a profit they will burn it off and take a tax credit as a capital loss ;)

mike hunt

.

I can see why you are in a quandary, if you can't remember what you posted I can understand why you can not prove what you said. ;)

mike hunt

Why are you against top posting. Many email and newsreaders automatically top post.

My grip is people don't clip enough. Too much crap gets dragged along with every reply.

There you go again. You said that I did not back a claim. I asked which one, and now you are unable to back YOUR claim.

Jeff

Please demonstrate that the oil companies have burned off gasoline and claimed it as a capital loss, then.

Jeff