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Title: Big Oil firms aren't the bandits here
Category: Business
Posted By: stemmer
Date: 2008-05-21 13:38:53
Canadian

   

See, big oil is hard done by and is barely managing to make a buck..no need for a windfall tax or laws requiring them to maintain improve their refining infrastructure.[/sarcasm]

   

Ooooh but we can't lower taxes because that'd be rewarding people for their lifestyles, so sayeth a few liberals on this site.

   

If we cut some social programs we can cut some gas taxes....oh no Liberals wouldn't go for that. They would rather raise the tax..cccaaarrrbbbbooonnn ttttaaaaxxx and call it revenue neutral. Not neutral for the average Canadian but neutral for the government books.

   

Bullshit propaganda thats what the article is , trying to shift the blame elsewhere. Any excuse is a good excuse to raise the price. The president announces the war's not going well ...boom the raise thr price. The price of oil goes up so thr price is hiked before the stock is replenished and then slowly lowered after stretching the thier profit. Fair pricing would be when there is a shortage not a speculation of one. Thats why when gas prices goes up that they make record profits. Fair would be if they made a constant profit margine. The little guy has to absorb the change his salary doesn't compensate for the changes. Smaller companies absorb the difference in price fluctuation to at least keep a constant price for thier client. Now they too have no choice but to hike the price.

Its taking money away from those who are managing to those who make rediculius amount of money.

   

feh. Learn to take the bus or carpool already.

   

It costs the same to produce a barrel of oil whether that oil costs $13/barrel or $130/barrel. Someone's getting stinking rich.

   

You have mentioned the rising cost of labor in Alberta recently, do you think it has no effect on the cost to produce a barrel of oil?

   

Labour costs have not gone up ten times in ten years. Oil has. I'd be surprised if labour costs had doubled, and I'd be even more surprised if economies of scale didn't cancel them out.

   

Who Owns Big Oil?

According to this study by Robert J. Shapiro who was undersecretary of commerce for economic affairs under President Bill Clinton, it is mostly middle class Americans who earn less then $68,700 -

http://www.olympiabusinesswatch.com/200 ... ig-oi.html

   

aka people living in the suburbs, addicted to oil because they can't escape any other way, since so many cities have such broken public transit. You'd think it was part of some of sort of design to keep people suckling at the gas pump!

Oh, hey, guess who the primary consumers of crack are?

   

Use and own are not the same thing , the people who "own" big oil are the average Joe's. Go check your mutuals and pensions guess what you will find. Big oil is not a group of private organizations like most of the public believes.

   

True. They are.

   

You?

   

Here is a snapshot of where the price of gasoline comes from. This comes from California and I think it reflects Canada's prices fairly well.

http://www.energy.ca.gov/gasoline/margins/

Here's the latest breakdown (May 19, 2008):
Retail price: $3.95
Crude Oil Cost: $3.03
Refinery Cost & Profits: $0.23
State Underground Storage Tank Fee: $0.01
State and Local Sales Tax: $0.29
State Excise Tax: $0.18
Federal Excise Tax: $0.18
Distribution Costs, Marketing Costs and Profits: $0.06

You be the judge who is the one taking your money.

   

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