bramfrank
BramFrank
First of all, there are the unmentioned holdbacks that retailers get twice a year. Don't worry, they DO make profits on gasoline. And if THEY don't, the oil company behind them certainly does . . . in spades.
Second, they may not get *rich* selling gas, but from the explanations (excuses) above you'd have to expect that gas-only stations would never exist (yet they do). So your legs are all being very rightly pulled here.
Who gives a damn?
From what was reported (and to put it in perspective) AFTER ALL EXPENSES INCLUDING EXPLORATION, Shell made enough NET PROFIT last year to pay 27 cents towards each and every gallon of gasoline sold in the United States and Canada (no, not just the gas that they sold, but the totality of ALL of the gas sold on the continent!!!!) - and that does NOT include retailer net profits.
Conoco could make another 7 cent contribution to each and every gallon of gasoline sold in the US and Canada and so on - interesting enough, as an industry OVERALL NET PROFITS would cover almost 1/2 of the retail price of every gallon of gasoline sold in the US and Canada - and that means that they would also be paying out toward the taxes.
In fact Shell is paying out most of it's profits in dividends and using most of the balance to repurchase shares that are out there to further concentrate the wealth!!
Now, how could that be?
Simple;
1. Other countries use gasoline too and they contribute to those profits - however North America is the largest user of gasoline out there.
2. Oil companies make money on other things than gas
3. Just who is it that you think gets that $130 a barrel for oil? No, it is NOT a government - except if the government controls the local producer as is the case with Aramco and in Venezuela - but it is a division of the oil company that sells it to another division of the oil company who refines it - it is transported by yet another division of the company and so on - profits on top of profits on top of profits and so on.
4 Do you think Venezuela LOSES money selling gasoline to the public there at 15 cents a gallon? No. In fact they discontinued 'regular' there because continuing maintenance of a dual-fuel supply chain would have pushed up the price of gasoline - all you can get there now is 'super' (a misnomer if ever there was one). Don't forget that they have all of the same expenses in Venezuela that any oil producer has - the only difference is that the retailer pays lower wages and probably has lower overhead.
The Alberta tar sands (which have some stupid multiplier's times the amount of all the oil in the Gulf) presently costs less than $14 a barrel to deliver to the pipeline - and that includes fixed fees to Alberta for the oil leases and production. The rest is PROFIT for the consortium that owns it.
And in those expenses are all of the various fees and taxes that oil companies have to pay - so governments are simply double, triple and quadruple dipping into the pot. No wonder there's no will to hold back oil costs.
Nope. This is profiteering on a grand scale and the coming depression in North America can almost be directly pinned on the oil cartels.
Thanks George.
Second, they may not get *rich* selling gas, but from the explanations (excuses) above you'd have to expect that gas-only stations would never exist (yet they do). So your legs are all being very rightly pulled here.
Who gives a damn?
From what was reported (and to put it in perspective) AFTER ALL EXPENSES INCLUDING EXPLORATION, Shell made enough NET PROFIT last year to pay 27 cents towards each and every gallon of gasoline sold in the United States and Canada (no, not just the gas that they sold, but the totality of ALL of the gas sold on the continent!!!!) - and that does NOT include retailer net profits.
Conoco could make another 7 cent contribution to each and every gallon of gasoline sold in the US and Canada and so on - interesting enough, as an industry OVERALL NET PROFITS would cover almost 1/2 of the retail price of every gallon of gasoline sold in the US and Canada - and that means that they would also be paying out toward the taxes.
In fact Shell is paying out most of it's profits in dividends and using most of the balance to repurchase shares that are out there to further concentrate the wealth!!
Now, how could that be?
Simple;
1. Other countries use gasoline too and they contribute to those profits - however North America is the largest user of gasoline out there.
2. Oil companies make money on other things than gas
3. Just who is it that you think gets that $130 a barrel for oil? No, it is NOT a government - except if the government controls the local producer as is the case with Aramco and in Venezuela - but it is a division of the oil company that sells it to another division of the oil company who refines it - it is transported by yet another division of the company and so on - profits on top of profits on top of profits and so on.
4 Do you think Venezuela LOSES money selling gasoline to the public there at 15 cents a gallon? No. In fact they discontinued 'regular' there because continuing maintenance of a dual-fuel supply chain would have pushed up the price of gasoline - all you can get there now is 'super' (a misnomer if ever there was one). Don't forget that they have all of the same expenses in Venezuela that any oil producer has - the only difference is that the retailer pays lower wages and probably has lower overhead.
The Alberta tar sands (which have some stupid multiplier's times the amount of all the oil in the Gulf) presently costs less than $14 a barrel to deliver to the pipeline - and that includes fixed fees to Alberta for the oil leases and production. The rest is PROFIT for the consortium that owns it.
And in those expenses are all of the various fees and taxes that oil companies have to pay - so governments are simply double, triple and quadruple dipping into the pot. No wonder there's no will to hold back oil costs.
Nope. This is profiteering on a grand scale and the coming depression in North America can almost be directly pinned on the oil cartels.
Thanks George.
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