Frontier to cease Republic ops......

[Wankel7]

That really isn't surprising! Good Luck to everyone at Frontier Airlines, its gonna be a rocky summer for all of us.

Huh, and how about the DEN based pilots that don't have a base anymore?

Sucks for everybody

 

[XPOO]

You guys know that oil is a diminishing resource right? I seem to remember from some class in college that when you get less of something the price tends to go up.

CP, you are somewhat correct here. You see, back when they first started pumping oil out of the ground in the US, they were taking so much out that they had a surplus of oil just lying around. Since the mighty government thought there was no way we would ever use as much as was being pumped they started selling the extra to foriegn countries who wanted it.

Flash forward to today, and the US still sells those countries that certain amount of oil the US pumps, but the US now consumes 4 times the amount of oil it can possibly produce. Where does it get that extra? Bingo, the Middle East.

Of course oil is a diminishing resource, but what drives the price up is the fact that the WORLD is now starting to use oil faster than it can be pumped out of the ground. I believe the Middle East pumps out more in one day than the rest of the world combined but still has a hard time keeping up with demand. Hence, the soaring rise in oil prices.

 

[godsgift2aviatn]

BTW, we don't get any oil from the middle east, most of our oil comes from Venezuela.

 

[WSurf]

BTW, we don't get any oil from the middle east, most of our oil comes from Venezuela.

Top Ten Places we get oil..... Yes we do get it from the Middle East.

1. Canada
2. Mexico
3. Saudi Arabia
4. Venezuela
5. Nigeria
6. Angola
7. Iraq
8. Algeria
9. United Kingdom
10. Brazil

 

[XJWRENCH]

Just wait until President Obama slaps a 40% "windfall profits" tax on the oil companies....

I don't have any formal financial education, however I do know what these people in government know but don't tell the kool-aid drinkers because it takes the wind out of there campaign sails, COMPANIES DO NOT PAY TAXES. You, the consumer, pays the taxes fixed into the price of goods and services you buy. What do you think the oil companies will do if that ever happened? Does it stop there or is the govenrment going to slap a tax on any company or industry that it feels makes too much money? I don't have any problems with an oil company making profits ( No I don't own any EXXON stock ). After all they pump it, refine it, store it, truck it, pipe it, sell it. WHAT DOES THE VARIOUS GOVERNMENTS DO TO GET YOU THAT GALLON OF GAS? 0.27 per gallon profit... the federal and states get close to .50 per gallon for doing absolutley nothing to get that gas to you. Sorry for steering away from that thread title, I just had to rant.

 

[gator_hater]

... the federal and states get close to .50 per gallon for doing absolutely nothing to get that gas to you. Sorry for steering away from that thread title, I just had to rant.

As I am sitting in the hotel right now the wholesale price of gas is...$3.02 (CNBC ticker). Look at your local gas station and figure out how much the feds and your locals are collecting in taxes. A quick look out the window shows here it is about 54 cents. Be careful who you think is getting the windfall from high gas prices.

If the 27 cent number is right that is about a 9% profit. Not really all that much. Check out the profit for Disney I believe about 30%. Who again is taking advantage of people?

 

[Stifler's Mom]

If the 27 cent number is right that is about a 9% profit. Not really all that much. Check out the profit for Disney I believe about 30%. Who again is taking advantage of people?

Mickey Mouse is???? That Rat Bastard!!!!!!!!!:angryfire

 

[bouttime]

I am tired about hearing about "Big Oil," do you know who "Big Oil" is? It is me, you, your mom and dad, or anyone that has a 401K retirement program. It is the stockholders! So everytime I hear Hillary or Obama talk about taking "Big Oil's" profits, they are taking MY retirement.
The CEO is just the head of the company, does he make alot, yes, if I was in charge of a Billion dollar company I had better be making millions.

Hillary and Obama are said to be the ones to unite us, but they survive on dividing us!

By the way, I can't stand McCain either, unfortunately my vote is for the candidate I don't like the least.


THINK for yourselves!

 

[gator_hater]

I didn't finish my math problem earlier. If 27 cent profit = 9% then 54 cent profit = 18%. Is it the oil company or the gov't that has this all f'ed up?

Like it was said let's think for ourselves. If a certain political party increases taxes the companies will still make their 9%, the price will go up and the gov't will make more than their current 18%.

Let's raise taxes that will solve all our problems.

One other thing some among us think that a certain political party is more "labor friendly." That same party wants to kill our economy with higher taxes. Our jobs (and others like the UAW) rely on discretionary cash and the taxes will put a huge dent in said cash. Sounds "labor friendly" to me.

End of rant need to go find an airplane to fly for my daily carbon footprint.

 

[WSurf]

Some Americans are skeptical on this point, I know. So I direct them to last year's Supreme Court decision. The court ruled unanimously that oil companies have not been colluding to set prices.
Oil prices are high today because the economies of huge nations like China and India are developing rapidly. More oil is being demanded in the world market and there are few new sources of supply.
Hurricane Katrina destroyed a lot of oil processing capacity around the Gulf of Mexico too, so there has been less oil being processed. When less oil is supplied, gasoline prices rise.
What does the average oil company make today on the sale of a gallon of gas? Ten cents.
The federal tax on gasoline, on the other hand, is nearly twice that. Then there's state gasoline taxes. (If you live in New York, for example, you're paying 68 cents a gallon in taxes.)



If Exxon is gouging us at ten cents a gallon, what exactly is the federal government doing to us at 18.4 cents a gallon?

 

[jvrac]

If only we could use "smug" to power our energy-dependent needs!

Thanksssssss! :laugh: