OT- Oil Prices

Aug 15, 2005 36 Replies

In May unleaded regular in Caracas, Venezuela was 70 centavos per liter (14 cents/gallon). Leaded Premium was 90 centavos/liter. It was that same price in May, 2004

In May unleaded regular in Caracas, Venezuela was 70 centavos per liter (14 cents/gallon). Leaded Premium was 90 centavos/liter. It was that same price in May, 2004

I have a pix of the pump at:

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Pretty much. The revenues the government get in from petrol is about the same as it costs to provide free health care.

L.W. ("ßill") Hughes III did pass the time by typing:

And a complete failure to understand the oil economy. That type of "embargo" won't work. Any oil sold on the market offsets the total oil avilable. The only impact he could have is to stop production.

Maby we should bomb them next? After all it is oil. (not that the drugs alone aren't good enough reason)

It's quit obvious you are not a businessman. What part of a 32% increase in *EARNINGS* did you not understand? not sales, not revenues.

*Earnings*, you know, the stuff that's left over after expenses have been taken out of revenues.

So he is liar because he quotes the rest of the article that you snipped because it didn't fit your agenda? Who is misrepresenting what here? Then you've got the gall to play the "liberal" card because not all of the article you cited agreed with you? Did you eat a bowl of stupid for breakfast?

-- jeff

L.W.(ßill) Hughes III wrote:

Earnings=profit after taxes.

Bill, it was from the same site YOU quoted!!!!

Bill's just in complete denial that his boy in the White House might have an oil-industry profiteering agenda. After all, what's the best way to increase oil prices? War in the Middle East. Just ask his daddy....

You are completely hopeless.

And I thought here on the wast coast of Canada $1.08 a letre Canadian was bad, but with converting to gallon and US $ it's only $3.36 a gallon, at least I don't pay as much as Bulgaria :) Funny my first job in the mid 70s was at a gas station, I remember motor cycle gangs coming in, be 10 or 15 of them all getting 32 cents worth of gas. In 1985 when I sold my bike, 2.5 gallon tank cost $2.65 to fill up.

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