theruler99

[quote]If they can sell in higher volume at a lower price it can end up being more profitable. Look at Wal-mart, relatively cheap prices but they sell in high volume so they make huge profits. It's the same for oil companies, these are random numbers but if the oil companies are able to sell 70 million barrels of oil a day at $140/barrel vs. 100 million barrels at $100/barrel which is more profitable? The 100 million at $100/barrel.[/quote] It’s not the same for oil companies. Wal-mart

[quote]And I ain't voting for him because he's black. (Who needs any other reason?)[/quote] I expected more from you, but it is obvious your negative emotions has taken complete control of you. The more commonly expressed negative emotions, and the more dangerous, are fear, hate, anger, jealousy, revenge, vanity and greed. These are the seven robber barons which often deprive men/women of their opportunity of achievement because they make accurate thinking impossible. They shou

[quote]I won't vote for him because his last name rhythms with Osama and his middle name is Hussein.[/quote] You should be ashamed of yourself for being so narrow-minded.

[quote]While we're leading the world's movement to non-fossil-fuel energy sources, does it make sense to make the transition as painless as possible to the US citizen? It's the poorest of the country that hurt the most from high fuel prices, after all.[/quote] Do you really think the oil companies want to sell their product for less money (less profit)?

[quote]By the way that article you quoted was explaining the difference between Fox news and the BBC which has been far left for decades but never admitted it. While on Fox you have people say this is where I stand on the issue. Based on that you know that he or she as a bias and what direction they lean. This allows you to judge the value of the comment. You don’t get that with BBC or CBC.[/quote] So you agree that Fix news is bias? Most so-called thinking is nothing but an ex

[quote]I am glad you understand the process now can you exercise it by being intellectually honest? I have never seen the news slanted one way or another on fox. I have seen commentators on fox state opinions one way or the other. You my friend need to learn the difference between people presenting the news and those commenting on the news.[/quote] Again, no fair-minded person actually believes that Fox News is unbiased, so pretending that it is calls for steely corporate resolve. <

[quote]Let me get this straight...oil companies want higher oil prices so they can have their higher profits, and so the evil oil companies want to drill for more oil so they can reduce the price? Am I the only one who notices this fallacy in logic? Either the oil companies want higher prices, or lower prices. Frankly, the reason oil companies want more domestic drilling is so they don't have to pay Canada or Venezuela for their oil, and thus reducing costs, and hence increasing profit

[quote]So it is your contention that the news story was a lie? Going to the MMS site you will find the same information. It is just that I watched the new for the last week the day I replied to you and I remembered the story. I knew it! I knew it! You are a left wing nut job with no solutions to the problem just excuses why other people’s solutions won’t work. So far your solution is to let the price go up and then people will use alternative sources of fuel and energy. The problem

[quote]Get serious! It is not the most biased (that goes to CBS and Dan Rather who commit fraud to prove a point), nor even is the news biased against anyone (the commentary is another matter). learn the difference between News and Commentary - or be doomed to look the fool.[/quote] No fair-minded person actually believes that Fox News is unbiased, so pretending that it is calls for steely corporate resolve. Norvell is London bureau chief for Fox News, and on May 20 he

[quote]Special report with Brit Hume Fox News Channel Monday this week. I believe you can view it on their website.[/quote] I knew it, I knew it--you are getting your information from the propaganda, so call news channel, most biased name in news, the extraordinary right-wing tilted Fox News Channel.

[quote]Far be it of me to call you a liar, it is just that only 15% of all U.S. coast lines are authorized for drilling, meaning 85% if off limits including the 400 billion barrels of the coast of Santa Barbra and the I forget how many billions of oil and natural gas off the coast of Florida, that the Chinese are drilling for the Cubans. As far as I know only Texas and Louisiana allow drilling off shore. Sorry I just re-read what you wrote. OUTER shelf, and the stuff I am talking about is closer

[quote]So how is the tax cut unfair? How is it "favoring" anyone? It merely takes less than was taken before. It "gave" nothing to anyone. YOu have admitted that since I pay more in taxes, then if I still pay more, the unfairness is that I pay so much more. It seems taht the tax cut did not favor the rich, only favored those who paid taxes. And by definition, a tax cut is only going to favor those who pay taxes. Not all people (those who do not pay taxes cannot get a tax cut).[/quote] I

[quote]Life aint fair, all men are NOT created equal (although they can and should be treated equally in the eyes of the law) and no federal judge can make it so.[/quote] I don’t think you understood the question. Please, look at it again and give me a better answer.

[quote]Are you sure this is the reason? Before you said that they were sitting on the leases to profit from the high oil price, now you seem to be saying that two thirds of the leases are being worked and the oil companies can’t keep up with what they have. Could it be that the oil companies have looked at the land and found that it is not worth drilling there yet and other lands look better and cheaper to drill so they go after those first? I don’t know for sure so I am speculating.[/quote]<br/

[quote]Why are you advocating higher oil prices?[/quote] Higher gas prices would force our country to seek other options, such as, greater energy efficiencies and the development of alternative fuels.

[quote]Again I am telling you that what those dishonest congressmen have done is played on your fears with lies. The environmental lobby does not want new drilling and this is their answer, tell the people that 68 million acres are sitting without any work being done so the oil companies are trying to shaft us all. just remember that the oil companies testified before congress many times since the 70’s and each time they have begged for the freedom to drill where they know there is oil and the C

[quote]Again the point is that the leases already have a drop dead date. If they don’t find oil they can’t renew the lease and all the work done on that land was for nothing. So they have to work quickly because time is short. If they find oil on the ninth year and don’t bring in a well they can lose the lease so how long can they sit on the land and not produce oil? Maybe three years on a ten year lease if they are lucky.[/quote] Oil and gas leases are issued for a 10-year term that ca

[quote]Not at all, I am sure there is oil on some of the land, even your lying idiot Con men say that the companies are drilling there but there is acreage that is not being drilled. Could it be that that land has been surveyed and is not going to produce enough oil to be worth the expense of drilling? If you bothered to read what I wrote you would have seen that the process as laid out by the Congress is time consuming. You start off with the lease because there are signs that there might be oi

[quote]Federal law states 9.9 cents per gallon as profit. If they broke that law do you think the democrats in the Congress would be silent about it? That is not a profit ratio it is a hard number. Now they are allowed to recoup the cost of the barrel of oil but that is the cost of doing business not profit. So yes they may get 11 cents on the dollar but 9.9 cents is profit. They make any more than that the government can shut them down. You are complaining because they show a profit of 11.65 ce

[quote]He is lying through his tooth. It can take up to ten years to drill for the oil once the lease has been made. They have to survey the land, and if they suspect there is oil then they have to do and environmental impact study before they can get a permit to put up a test well, if the test well shows that drilling may be profitable then they have to do another environmental impact statement and hope it is not challenged by the tree huggers, then they have to request another permit after all

[quote] Yup, still going with outdated trash from the democrats. All federal leases have a time limit. This means that every single oil lease on federal land has a drop dead date. Your congressman is making political points with his legislation of use it or lose it because it is already written in the lease. I was a purchasing agent for the Federal Government for two years while recuperating from some minor injuries. I had to learn the Federal Acquisition Regulations or (FAR) since I have been o

Now, I do not think that all republicans are racist. But what about the Council of conservative citizens?

[quote]YOu contradict yourself. The only way for alternative energy to be viable, the price of oil has to go through the roof (it is). You do not promote your competitors, and yet that is what you are accusing the oil companies of doing.[/quote] I agree and I hope the price of oil continue to rise. More hybrids, please!

[quote]You should be ashamed of your self for not knowing how to do the math. If the price of gas is 100 a gallon or 1 dollar a gallon they still make the same amount of money. Federal law limits the amount of profit they can make. 9.9 cents a gallon, the huge profits they make is on volume sold not the price it was sold at. My family used to own a gas station in the 70’s the laws is quite strict. As an independent owner we could only make 3 cents a gallon, the oil companies can only make 9.9 ce

[quote] .You are using out dated democrat talking points. This lie you are repeating was debunked within a week of it being told.With the prohibition of off shore drilling that started in the 1970’s what is there to complain about? The oil companies said they needed to drill. They testified in front of the Congress and the Congress of the time placed a ban on it.If you bothered to do a little research you would have learned that the federal leases are only good for a certain amount of time. In t