Most plants have complexity ratings. They can vary what they get out. The greater profit isn't necessarily in teh carbon base. So if the price of gas were cut they'd simply make less of it. They wouldn't "burn it off". You just can't be that stupid.
Good point.
The Commerce Department actually had the nerve to propose a special tax on hybrids because they might cause a drop in tax revenues for road maintenance.
It's coming. There will be a tax on energy conserving vehicles.
We cannot allow the dissipation of fuel tax money due to better fuel economy vehicles, therefore we must tax them more.
I'll bet you are not a chemist but if you can figure out way to refine crude to get to the carbon stock, without producing gasoline or other volatiles, I'm sure the oil companies will pay you an awful lot of money to know how you could do it. LOL
mike hunt
That can be easily accomplished, elect more democrats, they are very proficient at figuring ways to increase taxes. Currently the federal and state governments ALL make more per gallon on gasoline than do the oil companies or the retailers. The federal tax is .185c per gallon and the average state tax is .28c a gallon. Some states like California also add their sales tax to gasoline in addition to the motor fuel tax. Some states add to your cost of food by taxing fuels used in farming. Search the Congressional Record and you will see the recent investigation of the oil industry, in by the House Energy Committee, showed the oil companies averaged around 15c a gallon and retailers .05c ;)
mike hunt
That was most likely was placate those Senator and Congressmen that were opposed to giving US taxpayers money to buyers of hybrid vehicles to be passed on to foreign companies that sell hybrids at premium price, that do not themselves pay federal corporate income taxes. ;)
mike hunt
Maybe, "Mike", because you're a troll and a known liar, and you routinely make claims and then refuse to back them up. Nothing you say can be trusted.
Exactly Mike. IF the dimmies get in control they will tax the feel good crowd while giving them high honors for conserving, also a little pat on the rump, LOL.
For me increased gas prices don't have much of an impact because I don't drive that much any more. I either walk or ride a bike for short trips, it's much more healthy anyway. BTW, if the socialists do gain control, we'll have absolutely nothing to worry about. They will build huge amounts of condominiums and force those of us who have our own home and property out and into condos. This, the socialists say will be more efficient and tax friendly, for them. LOL.
It is your contention that needs supporting. Yet you fail to do so.
Jeff
You are the one who has a problem with what I posted and you have yet to post any source that leads you to believe what I posted was not correct. I have not said you are wrong, I said I'm willing to look at where you got your information, I'm still waiting for you to show me were my source was wrong. One can only assume that apparently you are not able to do so ;)
mike hunt
Will you two read this, it was posted the toher day but you are to busy yelling at each other...
This should help....
The United States and Russia, along with the Organization of Petroleum Exporting Countries (OPEC), accounted for 61 percent of the total crude
oil produced in the world in 2004. The United States accounted for 7.4 percent of the world's total 2004 crude oil production, and Russia 12 percent. Because uses for crude oil in its natural state are limited, almost all crude oil is processed into finished petroleum products at a
refinery. The refining process usually involves (1) distillation, or separation of the hydrocarbons that make up crude oil so that the heavier products, such as asphalt, are separated from the lighter products, like kerosene; (2) conversion, or cracking of the molecules to allow the refiner to squeeze a higher percentage of light products, such as gasoline, from each barrel of oil; and (3) treatment, or enhancement of the quality of the product which could entail removing sulfur from such fuels as kerosene, gasoline, and heating oils. The addition of blending components to gasoline is also a part of this process.
Crude oil is measured in barrels. A barrel of 42-U.S. gallons of crude oil yields slightly more than 44 gallons of petroleum products. This "process gain" of volume is due to a reduction in the density during the refining process. In 2004, one barrel of crude oil, when refined, yielded 19.7 gallons of finished motor gasoline, as well as smaller quantities of many other petroleum products
Gerald
(top posting fixed)
No, Mike. True, you can't "refine" it directly, but they already know how to make what they need from the refined fractions. Your failure to acknowledge that makes you either extremely ignorant, or a troll.
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.
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
MotorsForum website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.