Oil Execs Defend Huge Profits Before Senate

by momzcrazy 143 Replies latest social current

  • FlyingHighNow
    FlyingHighNow
    tourism by flight is a definite choice but again, I doubt it's one that people will want to make. They might buy that cheaper on gas car and then negate the real difference by getting on a plane twice a year for a vacation.

    I personally think there is design behind the high fuel prices. These days everything is being priced out of the reach of all but the well off. To take a family of four to the movies can cost $60 - $75. Just the tickets alone can cost $25-35 dollars. If fuel continues to rise, no one but the very wealthy will be traveling far from home.

    You know, in North Korea, people are not allowed to own bicycles to prevent them venturing far from home. They are not allowed to travel from town to town.

    There is a such thing as economic oppression.

  • Warlock
    Warlock
    Oh do tell -- how is the average American supposed to "get involved" in "it"? What is the "it" to which you refer?

    Take some of that money that is earning an astounding 1-2% and use it to invest in:

    The BRIC countries (Brazil,Russia,India,China) through ETF's (look them up).

    Oil stocks or indexes, commodities or commodity related stocks, currencies etc.

    Is it risky? Yes, but it's riskier to do nothing.

    Warlock

  • Indo_Dude
    Indo_Dude
    Mary wrote: I would be happy to take public transportation, but there isn't any around here. We have one public bus that runs once an hour. That's it. North American society is not designed the same way it is in Europe. Our public transportation system sucks dead rocks because the government has little interest in subsidizing it and would prefer to see everyone drive their vehicles, because that way, they get more tax dollars out of us. The only city here in southern Ontario that has a subway system is Toronto. That's it.

    Even a trip to the grocery store has to be done by vehicle because there's no sidewalks between my house and the store (unless you'd like to suggest that I take my life in my hands by walking on the road). This is an all too common theme around here and for someone to suggest that it's the fault of the greedy consumer is just ludicrous.

    I never said any consumer was 'greedy', but what I suggest is far, far from ludicrious. You CHOSE to move to a neighborhood where you could not walk to the grocery store. You CHOSE which job you accepted. You CHOSE which car you bought, as well as size, and horsepower which dictate miles per gallon. You CHOSE to live where you live. Why now that because YOUR CHOICES have not worked out so well it's someone else's fault?

    My partner/boyfriend and I have gotten down to one car. We sold both of our vehicles last year and bought a 2008 Audi A4. We get 26 mpg in combined driving. We drive just under 250 miles per week on average for the both of us combined. My boyfriend has a full time job, and I have been going to graduate school full-time, and working 4 nights a week on top of this. I think we are pretty typical. But we chose to be near our jobs and school. We use around 42 gallons of fuel per month. At $2.50 a gallon that's $105 a month, $3.50 a gallon is $147, and $4.50 a gallon is $189. Our car doesn't even get that good of mileage. A Honda Civic gets 32 mpg all around, and an Accord gets 28 or 29 mpg. The Toyota Prius gets 45 mpg.

    As I said before, if you don't like paying that kind of money for gas, then don't. Move. Take a different job. Walk to work. Take mass transit. Buy a hybrid vehicle. But don't complain that gas is 'too high' while you sit in a full-sized truck/SUV, driving 100 miles round trip to work every day, and refusing to even walk to pick up your daily groceries. You made your choices. Either change, and make new choices. Or pay up. We had oil/gas shocks in the 70's, the 80's and the early 90's, so you can't say you didn't realize it couldn't happen. If your monthly budget and lifestyle blows up over an increase of $50 or $100 extra per month to pay for some gas, you are living beyond your means.

  • Big Tex
    Big Tex
    Let's freeze a few more folk out - those old people don't really need to be warm do they?

    I guess some would say they chose to live where it's cold.

  • Mary
    Mary
    I never said any consumer was 'greedy', but what I suggest is far, far from ludicrious. You CHOSE to move to a neighborhood where you could not walk to the grocery store. You CHOSE which job you accepted. You CHOSE which car you bought, as well as size, and horsepower which dictate miles per gallon. You CHOSE to live where you live. Why now that because YOUR CHOICES have not worked out so well it's someone else's fault?

    Oh I just love how you KNOW what choices I've made! First of all brainiac, I did not "choose" to live here-----I was raised here. And as for the job I accepted, yes, it's about 25 miles away, which up until the last couple of years was not a big deal. As for the kind of car I drive, I bought a Ford Taurus as I was assured it was good on gas. I initially wanted to buy a Smart Car, but give the horrific winters we have around here, it simply wasn't feasible for me to have such a small car.

    As I said before, if you don't like paying that kind of money for gas, then don't. Move. Take a different job. Walk to work. Take mass transit. Buy a hybrid vehicle. But don't complain that gas is 'too high' while you sit in a full-sized truck/SUV, driving 100 miles round trip to work every day, and refusing to even walk to pick up your daily groceries.

    Go piss up a rope. I do not drive an SUV nor do I drive 100 miles round trip to work every day. As for me 'refusing to even walk to pick up my groceries', all I can say is: Is English your second language?? Which part of: there aren't any sidewalks for anyone to walk on to get to where the grocery store is, didn't you understand?? The grocery store that was within walking distance and had sidewalks, was closed about 4 years ago and a giant supercentre out in the middle of nowhere is our only option now. In addition, I feel it my responsibility to stay close enough to look after my elderly parents. My father has already had a major stroke and I fear my mother is in the early stages of dementia or alzheimers. But how foolish of them that they decided to move here over 50 years ago without forseeing the rip off prices of gasoline that we're now experiencing. Yep, let's blame everyone except the real culprits.

    You made your choices. Either change, and make new choices. Or pay up. We had oil/gas shocks in the 70's, the 80's and the early 90's, so you can't say you didn't realize it couldn't happen. If your monthly budget and lifestyle blows up over an increase of $50 or $100 extra per month to pay for some gas, you are living beyond your means.

    Oh please......if it were only $100 a extra a month, no one would be bitching. Isn't it wonderful how smug assholes like yourself blame the average citizen for making choices of where they live, where they work without considering the oil giants?? Gosh, what were we thinking of??!!

  • FlyingHighNow
    FlyingHighNow
    I guess some would say they chose to live where it's cold.

    Yeah and the selfish #$%^ chose to take good care of themselves and take medication so they lived to be old. They coulda trashed their bodies as youngsters or committed suicide.

  • Highlander
    Highlander

    FHN

    With the inflation the high price of oil is causing, and if it continues at this rate, our economy will collapse and the dominoes will fall in every direction, including yours. The whole world economy is in danger of collapsing should this continue.

    When you left the j-dubs, you should have also left your doom and gloom attitude. Take a moment, relax, breathe deeply and repeat after me. Everything is going to be ok.

    Sammie

    Puleeze.....I know 2 people who owned Geo's only because they wanted to save on gas - the cars couldn't take the usage and broke down constantly after only a year. Know what the guy at the dealership told them ??? The GEO (and most cheap cars) were 'throw away' cars

    Two people make your case? Believe what you will. It was a good product especially for it's price point. I've met hundreds of customers that bought them as I've worked at the dealership level for years.

    btw, all vehicles are 'throw away' vehicles. At least that's how the American consumers treat them. Most trade in for a new vehicle, no more than 5 years after initial purchase. Many often trade in after 2 or 3.

    Even if you don't like my example, it's ok. There are many available fuel efficient vehicles in the market and many more on the way. So I advise you to make a sound decision in your next vehicle purchase. Don't worry, financial armageddon will not arrive before then.

    You all have convinced me. I no longer wish for 5 to 6 dollar gasoline. I'm now hoping for 7 or 8. If the rest of the world can survive prices higher than that(while earning less money), then I'm not going to lose any sleep over it. Other than the truck drivers on this board, I doubt any of you have spent as much on fuel as I do. My largest fuel bill was around 1800 for one month, yet you'll never hear me complain about it. I'm happy to see higher prices as it is the only incentive to creative alternative ideas, fuels, technologies, etc. If prices remained as they were 5 years ago, then nothing would change til the day we run out of oil.

    This isn't the first time in history that there has been a fuel crunch. My grandparents rode a harley with a sidecar, even if the temp was well below 0 degrees. My parents had to deal with high gas prices and rationing during a time when jobless rates were double digits and interest rates were 20 percent. Study history for a moment and you'll realize how easy we've had it for more than 2 decades. Now that the US lifestyle and economy is being balanced out with the rest of the world we need to adjust accordingly. It does not mean we need to panic and predict doom and gloom.

  • Warlock
    Warlock

    At least you can still buy gas.

    DO ANYONE REMEMBER THE 70'S OIL EMBARGO? I DO.

    Warlock

  • crazyblondeb
    crazyblondeb

    DO ANYONE REMEMBER THE 70'S OIL EMBARGO? I DO.

    Warlock

    You're alzhiemer's let you remember that?

  • Warlock
    Warlock

    DO ANYONE REMEMBER THE 70'S OIL EMBARGO? I DO.

    Warlock

    You're alzhiemer's let you remember that?

    This thread does not apply to those who already use alternative forms of transportation, namely, a broom. Warlock

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