Home › Forums › Financial Markets/Economics › $4 gas, free market, tax burden question
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Arraya.
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February 28, 2008 at 2:40 PM #162454February 28, 2008 at 2:56 PM #162062
afx114
ParticipantIf GWB really wants “free market” rules to govern the oil industry, he should take away all those government subsidies they have.
February 28, 2008 at 2:56 PM #162357ParticipantIf GWB really wants “free market” rules to govern the oil industry, he should take away all those government subsidies they have.
February 28, 2008 at 2:56 PM #162373ParticipantIf GWB really wants “free market” rules to govern the oil industry, he should take away all those government subsidies they have.
February 28, 2008 at 2:56 PM #162391ParticipantIf GWB really wants “free market” rules to govern the oil industry, he should take away all those government subsidies they have.
February 28, 2008 at 2:56 PM #162459ParticipantIf GWB really wants “free market” rules to govern the oil industry, he should take away all those government subsidies they have.
February 28, 2008 at 3:19 PM #162083DWCAP
ParticipantIf anything oil is way underpriced.
Arraya, you are kidding right? Future supply disruptions caused by demand that India and China will have in the future are being priced in today, even though they are not drawling on supply like they WILL be. If you wanted to benifit from future gains in demand, you should buy oil stocks or oil land, not oil that is gonna be used in 10 weeks.
From:http://money.cnn.com/2008/02/28/markets/oil_prices.ap/index.htm?postversion=2008022815
On Wednesday, oil prices fell $1.24 a barrel after the Energy Department reported crude inventories rose more than expected last week. But that reflected a rare reaction by oil investors to supply and demand fundamentals. Oil prices have been far more affected in recent months by dollar- and interest rate-driven investment decisions, analysts say.
“[Fundamentals] have no relationship to price right now,” Flynn said. If prices were responding to supply and demand, fundamentals, they would be falling, he said. Several recent forecasters have lowered oil demand growth predictions for this year due to the slowing economy, and domestic oil inventories have been growing.
Oil prices have received some support in recent days from word of a technical glitch that temporarily disrupted the flow of a small amount of crude out of Nigeria. Eni SpA denied earlier reports that its Brass River oil terminal had been attacked by rebels. Turkey’s recent invasion of Northern Iraq in search of Kurdish rebels has also been supportive, Flynn said, but these stories are not enough in and of themselves to explain why oil continues to trade above $100.Many analysts believe it’s just a matter of time until the fundamentals reassert themselves on the market, pushing prices down
February 28, 2008 at 3:19 PM #162376ParticipantIf anything oil is way underpriced.
Arraya, you are kidding right? Future supply disruptions caused by demand that India and China will have in the future are being priced in today, even though they are not drawling on supply like they WILL be. If you wanted to benifit from future gains in demand, you should buy oil stocks or oil land, not oil that is gonna be used in 10 weeks.
From:http://money.cnn.com/2008/02/28/markets/oil_prices.ap/index.htm?postversion=2008022815
On Wednesday, oil prices fell $1.24 a barrel after the Energy Department reported crude inventories rose more than expected last week. But that reflected a rare reaction by oil investors to supply and demand fundamentals. Oil prices have been far more affected in recent months by dollar- and interest rate-driven investment decisions, analysts say.
“[Fundamentals] have no relationship to price right now,” Flynn said. If prices were responding to supply and demand, fundamentals, they would be falling, he said. Several recent forecasters have lowered oil demand growth predictions for this year due to the slowing economy, and domestic oil inventories have been growing.
Oil prices have received some support in recent days from word of a technical glitch that temporarily disrupted the flow of a small amount of crude out of Nigeria. Eni SpA denied earlier reports that its Brass River oil terminal had been attacked by rebels. Turkey’s recent invasion of Northern Iraq in search of Kurdish rebels has also been supportive, Flynn said, but these stories are not enough in and of themselves to explain why oil continues to trade above $100.Many analysts believe it’s just a matter of time until the fundamentals reassert themselves on the market, pushing prices down
February 28, 2008 at 3:19 PM #162393ParticipantIf anything oil is way underpriced.
Arraya, you are kidding right? Future supply disruptions caused by demand that India and China will have in the future are being priced in today, even though they are not drawling on supply like they WILL be. If you wanted to benifit from future gains in demand, you should buy oil stocks or oil land, not oil that is gonna be used in 10 weeks.
From:http://money.cnn.com/2008/02/28/markets/oil_prices.ap/index.htm?postversion=2008022815
On Wednesday, oil prices fell $1.24 a barrel after the Energy Department reported crude inventories rose more than expected last week. But that reflected a rare reaction by oil investors to supply and demand fundamentals. Oil prices have been far more affected in recent months by dollar- and interest rate-driven investment decisions, analysts say.
“[Fundamentals] have no relationship to price right now,” Flynn said. If prices were responding to supply and demand, fundamentals, they would be falling, he said. Several recent forecasters have lowered oil demand growth predictions for this year due to the slowing economy, and domestic oil inventories have been growing.
Oil prices have received some support in recent days from word of a technical glitch that temporarily disrupted the flow of a small amount of crude out of Nigeria. Eni SpA denied earlier reports that its Brass River oil terminal had been attacked by rebels. Turkey’s recent invasion of Northern Iraq in search of Kurdish rebels has also been supportive, Flynn said, but these stories are not enough in and of themselves to explain why oil continues to trade above $100.Many analysts believe it’s just a matter of time until the fundamentals reassert themselves on the market, pushing prices down
February 28, 2008 at 3:19 PM #162411ParticipantIf anything oil is way underpriced.
Arraya, you are kidding right? Future supply disruptions caused by demand that India and China will have in the future are being priced in today, even though they are not drawling on supply like they WILL be. If you wanted to benifit from future gains in demand, you should buy oil stocks or oil land, not oil that is gonna be used in 10 weeks.
From:http://money.cnn.com/2008/02/28/markets/oil_prices.ap/index.htm?postversion=2008022815
On Wednesday, oil prices fell $1.24 a barrel after the Energy Department reported crude inventories rose more than expected last week. But that reflected a rare reaction by oil investors to supply and demand fundamentals. Oil prices have been far more affected in recent months by dollar- and interest rate-driven investment decisions, analysts say.
“[Fundamentals] have no relationship to price right now,” Flynn said. If prices were responding to supply and demand, fundamentals, they would be falling, he said. Several recent forecasters have lowered oil demand growth predictions for this year due to the slowing economy, and domestic oil inventories have been growing.
Oil prices have received some support in recent days from word of a technical glitch that temporarily disrupted the flow of a small amount of crude out of Nigeria. Eni SpA denied earlier reports that its Brass River oil terminal had been attacked by rebels. Turkey’s recent invasion of Northern Iraq in search of Kurdish rebels has also been supportive, Flynn said, but these stories are not enough in and of themselves to explain why oil continues to trade above $100.Many analysts believe it’s just a matter of time until the fundamentals reassert themselves on the market, pushing prices down
February 28, 2008 at 3:19 PM #162479ParticipantIf anything oil is way underpriced.
Arraya, you are kidding right? Future supply disruptions caused by demand that India and China will have in the future are being priced in today, even though they are not drawling on supply like they WILL be. If you wanted to benifit from future gains in demand, you should buy oil stocks or oil land, not oil that is gonna be used in 10 weeks.
From:http://money.cnn.com/2008/02/28/markets/oil_prices.ap/index.htm?postversion=2008022815
On Wednesday, oil prices fell $1.24 a barrel after the Energy Department reported crude inventories rose more than expected last week. But that reflected a rare reaction by oil investors to supply and demand fundamentals. Oil prices have been far more affected in recent months by dollar- and interest rate-driven investment decisions, analysts say.
“[Fundamentals] have no relationship to price right now,” Flynn said. If prices were responding to supply and demand, fundamentals, they would be falling, he said. Several recent forecasters have lowered oil demand growth predictions for this year due to the slowing economy, and domestic oil inventories have been growing.
Oil prices have received some support in recent days from word of a technical glitch that temporarily disrupted the flow of a small amount of crude out of Nigeria. Eni SpA denied earlier reports that its Brass River oil terminal had been attacked by rebels. Turkey’s recent invasion of Northern Iraq in search of Kurdish rebels has also been supportive, Flynn said, but these stories are not enough in and of themselves to explain why oil continues to trade above $100.Many analysts believe it’s just a matter of time until the fundamentals reassert themselves on the market, pushing prices down
February 28, 2008 at 3:33 PM #162102Disgruntled Patriot
ParticipantBefore getting too carried away in demonizing the oil industry, consider the following:
– Crude oil alone makes up 54 percent of pump prices. Refining for 20 percent. Retailing another 11 percent. Taxes for 15 percent.
– The latest published data for the third quarter 2007 show the oil and natural gas industry earned 7.6 cents for every dollar of sales compared to 5.8 cents for all U.S. manufacturing and 9.2 cents for U.S. manufacturing, excluding the financially challenged auto industry.
– Earnings within the oil industry rank well below Beverage and Tobacco, Pharma, Electronics, Computer, Chemical, Aero, Apparel, and Machinery.
– The oil industry has spent $98 billion in emerging energy technologies since 2000—almost 73 percent of the total $138 billion spent by U.S. companies and the federal government combined.
– Company stock in the oil industry is owned by virtually all americans: 29.5% mutual funds, 27% pension funds, 23% individual investors, 14% IRA’s, 5% institutional, 1.5% corporate insiders.
– The average effective tax rate (current taxes) of the top 27 energy companies was 37.1 percent in 2006 ($81.5 billion). The effective tax rate for the market as a whole is 32.3 percent, or 3.3 percent less than the top energy companies.
– Petrochemicals are used not only for liquid and gas fuels, but also lubricants, plastics, and fertilizers.
The relationship of Big Oil to our society at large might be considered through the words of the great philosopher Ayn Rand “I don’t build in order to have clients. I have clients in order to build.” If you don’t like a product or service then it is the law of our wonderful land that you have a right to utilize your God-given talents to develop a better product or service. Complaining about the success of your industrious countrymen (be they corrupt or not) serves no useful purpose and fails to improve the circumstance of you or your community.
Disgruntled Patriot
February 28, 2008 at 3:33 PM #162398ParticipantBefore getting too carried away in demonizing the oil industry, consider the following:
– Crude oil alone makes up 54 percent of pump prices. Refining for 20 percent. Retailing another 11 percent. Taxes for 15 percent.
– The latest published data for the third quarter 2007 show the oil and natural gas industry earned 7.6 cents for every dollar of sales compared to 5.8 cents for all U.S. manufacturing and 9.2 cents for U.S. manufacturing, excluding the financially challenged auto industry.
– Earnings within the oil industry rank well below Beverage and Tobacco, Pharma, Electronics, Computer, Chemical, Aero, Apparel, and Machinery.
– The oil industry has spent $98 billion in emerging energy technologies since 2000—almost 73 percent of the total $138 billion spent by U.S. companies and the federal government combined.
– Company stock in the oil industry is owned by virtually all americans: 29.5% mutual funds, 27% pension funds, 23% individual investors, 14% IRA’s, 5% institutional, 1.5% corporate insiders.
– The average effective tax rate (current taxes) of the top 27 energy companies was 37.1 percent in 2006 ($81.5 billion). The effective tax rate for the market as a whole is 32.3 percent, or 3.3 percent less than the top energy companies.
– Petrochemicals are used not only for liquid and gas fuels, but also lubricants, plastics, and fertilizers.
The relationship of Big Oil to our society at large might be considered through the words of the great philosopher Ayn Rand “I don’t build in order to have clients. I have clients in order to build.” If you don’t like a product or service then it is the law of our wonderful land that you have a right to utilize your God-given talents to develop a better product or service. Complaining about the success of your industrious countrymen (be they corrupt or not) serves no useful purpose and fails to improve the circumstance of you or your community.
Disgruntled Patriot
February 28, 2008 at 3:33 PM #162413ParticipantBefore getting too carried away in demonizing the oil industry, consider the following:
– Crude oil alone makes up 54 percent of pump prices. Refining for 20 percent. Retailing another 11 percent. Taxes for 15 percent.
– The latest published data for the third quarter 2007 show the oil and natural gas industry earned 7.6 cents for every dollar of sales compared to 5.8 cents for all U.S. manufacturing and 9.2 cents for U.S. manufacturing, excluding the financially challenged auto industry.
– Earnings within the oil industry rank well below Beverage and Tobacco, Pharma, Electronics, Computer, Chemical, Aero, Apparel, and Machinery.
– The oil industry has spent $98 billion in emerging energy technologies since 2000—almost 73 percent of the total $138 billion spent by U.S. companies and the federal government combined.
– Company stock in the oil industry is owned by virtually all americans: 29.5% mutual funds, 27% pension funds, 23% individual investors, 14% IRA’s, 5% institutional, 1.5% corporate insiders.
– The average effective tax rate (current taxes) of the top 27 energy companies was 37.1 percent in 2006 ($81.5 billion). The effective tax rate for the market as a whole is 32.3 percent, or 3.3 percent less than the top energy companies.
– Petrochemicals are used not only for liquid and gas fuels, but also lubricants, plastics, and fertilizers.
The relationship of Big Oil to our society at large might be considered through the words of the great philosopher Ayn Rand “I don’t build in order to have clients. I have clients in order to build.” If you don’t like a product or service then it is the law of our wonderful land that you have a right to utilize your God-given talents to develop a better product or service. Complaining about the success of your industrious countrymen (be they corrupt or not) serves no useful purpose and fails to improve the circumstance of you or your community.
Disgruntled Patriot
February 28, 2008 at 3:33 PM #162431ParticipantBefore getting too carried away in demonizing the oil industry, consider the following:
– Crude oil alone makes up 54 percent of pump prices. Refining for 20 percent. Retailing another 11 percent. Taxes for 15 percent.
– The latest published data for the third quarter 2007 show the oil and natural gas industry earned 7.6 cents for every dollar of sales compared to 5.8 cents for all U.S. manufacturing and 9.2 cents for U.S. manufacturing, excluding the financially challenged auto industry.
– Earnings within the oil industry rank well below Beverage and Tobacco, Pharma, Electronics, Computer, Chemical, Aero, Apparel, and Machinery.
– The oil industry has spent $98 billion in emerging energy technologies since 2000—almost 73 percent of the total $138 billion spent by U.S. companies and the federal government combined.
– Company stock in the oil industry is owned by virtually all americans: 29.5% mutual funds, 27% pension funds, 23% individual investors, 14% IRA’s, 5% institutional, 1.5% corporate insiders.
– The average effective tax rate (current taxes) of the top 27 energy companies was 37.1 percent in 2006 ($81.5 billion). The effective tax rate for the market as a whole is 32.3 percent, or 3.3 percent less than the top energy companies.
– Petrochemicals are used not only for liquid and gas fuels, but also lubricants, plastics, and fertilizers.
The relationship of Big Oil to our society at large might be considered through the words of the great philosopher Ayn Rand “I don’t build in order to have clients. I have clients in order to build.” If you don’t like a product or service then it is the law of our wonderful land that you have a right to utilize your God-given talents to develop a better product or service. Complaining about the success of your industrious countrymen (be they corrupt or not) serves no useful purpose and fails to improve the circumstance of you or your community.
Disgruntled Patriot
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