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<blockquote data-quote="The Other Side" data-source="post: 1413638" data-attributes="member: 17969"><p>Such jibberish. As if you really understood how the oil business works.</p><p></p><p>Take a look at california for instance. The state is consuming LESS and LESS fuel each year because of HYBRID sales of cars that use LESS fuel. Because of this, oil companies are now OVERPRODUCING refined oil and in doing so, they are buidling STOCKPILES of fuel.</p><p></p><p>ALL the major refiners and producers started selling "excess" fuel to MEXICO in order to maintain a 30 day supply that keeps the price hovering around $2.85 a gallon before taxes. ALL the oil companies started taking "HEAT" for this practice as consumers in the state are asking "why?"</p><p></p><p>Why not keep the fuel and bring prices down? If consumers are doing their part to use less fuel and conserve, why are these oil companies counter balancing by selling the fuel to a foriegn country?</p><p></p><p>With all the "HEAT" the oil companies are experiencing, they are now taking a page out of Ronald Reagans playbook.</p><p></p><p>Instead of over producing refined oil and creating stockpiles that SHOULD bring prices below the $2.85 a gallon target, they are now in the process of SELLING the refineries or simply shutting them down as REAGAN did in the 80's which led to the largest increase of oil prices in history ( at the time)</p><p></p><p>TESORO inc. is now buying the refineries from the large oil companies in California and immediately either shutting them down or cutting back on production.</p><p></p><p>Regulators ( who are in the game) approved the sale of BP's facilities and stations to TESORO this month, and after it finalizes the purchase, TESORO stated its intentions of CLOSING facilities and stations.</p><p></p><p>This "manipulation" of oil is the very reason prices remain HIGHER than they should be.</p><p></p><p>"“<strong>This decline in gasoline demand has created excess refinery capacity market wide that will constrain Tesoro's ability to raise (California) gasoline prices profitably post-transaction,” the commission said</strong>.""</p><p></p><p>Under Reagan, he shut down near 49 refineries, tripling the price per barrel from 5 dollars to near 15 dollars.</p><p></p><p>Bush 1, also closed refineries during his term picking up where Reagan left off and doubling the price per barrel to near 25 dollars.</p><p></p><p>Look at this chart.</p><p></p><p>The HIGHEST increases in History have always been during republican presidencies.</p><p></p><p><img src="http://2.bp.blogspot.com/-parAxFchGdY/TfJpK7MBIlI/AAAAAAAABBc/sYCLTz-V9Ow/s1600/Oil+Price+History.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p>Under Obama, coming off the highest prices for oil in HISTORY, they are coming down, but the oil companies are fighting back to keep them there despite production being at all time highs and for the first time since 1949 we are EXPORTING more oil than we are importing.</p><p></p><p>For Moreluck, oldgray, av8, baba and the others, the DARK GREEN line is actual money for the time and the LIME GREEN line is in 2010 dollars.</p><p></p><p>Notice the to large spikes during REAGAN/BUSH and GW BUSH, and the almost flat line during 8 years of bill clinton.</p><p></p><p>OIL is the largest manipulated commodity in the United States. Its all a sham, and we are the victims.</p><p></p><p>We could ALL own an electric car, cut down consumption by 50% and the price of a gallon of gas would still be near 4 bucks.</p><p></p><p>TO believe otherwise is just silly talk.</p><p></p><p>TOS.</p></blockquote><p></p>
[QUOTE="The Other Side, post: 1413638, member: 17969"] Such jibberish. As if you really understood how the oil business works. Take a look at california for instance. The state is consuming LESS and LESS fuel each year because of HYBRID sales of cars that use LESS fuel. Because of this, oil companies are now OVERPRODUCING refined oil and in doing so, they are buidling STOCKPILES of fuel. ALL the major refiners and producers started selling "excess" fuel to MEXICO in order to maintain a 30 day supply that keeps the price hovering around $2.85 a gallon before taxes. ALL the oil companies started taking "HEAT" for this practice as consumers in the state are asking "why?" Why not keep the fuel and bring prices down? If consumers are doing their part to use less fuel and conserve, why are these oil companies counter balancing by selling the fuel to a foriegn country? With all the "HEAT" the oil companies are experiencing, they are now taking a page out of Ronald Reagans playbook. Instead of over producing refined oil and creating stockpiles that SHOULD bring prices below the $2.85 a gallon target, they are now in the process of SELLING the refineries or simply shutting them down as REAGAN did in the 80's which led to the largest increase of oil prices in history ( at the time) TESORO inc. is now buying the refineries from the large oil companies in California and immediately either shutting them down or cutting back on production. Regulators ( who are in the game) approved the sale of BP's facilities and stations to TESORO this month, and after it finalizes the purchase, TESORO stated its intentions of CLOSING facilities and stations. This "manipulation" of oil is the very reason prices remain HIGHER than they should be. "“[B]This decline in gasoline demand has created excess refinery capacity market wide that will constrain Tesoro's ability to raise (California) gasoline prices profitably post-transaction,” the commission said[/B]."" Under Reagan, he shut down near 49 refineries, tripling the price per barrel from 5 dollars to near 15 dollars. Bush 1, also closed refineries during his term picking up where Reagan left off and doubling the price per barrel to near 25 dollars. Look at this chart. The HIGHEST increases in History have always been during republican presidencies. [IMG]http://2.bp.blogspot.com/-parAxFchGdY/TfJpK7MBIlI/AAAAAAAABBc/sYCLTz-V9Ow/s1600/Oil+Price+History.jpg[/IMG] Under Obama, coming off the highest prices for oil in HISTORY, they are coming down, but the oil companies are fighting back to keep them there despite production being at all time highs and for the first time since 1949 we are EXPORTING more oil than we are importing. For Moreluck, oldgray, av8, baba and the others, the DARK GREEN line is actual money for the time and the LIME GREEN line is in 2010 dollars. Notice the to large spikes during REAGAN/BUSH and GW BUSH, and the almost flat line during 8 years of bill clinton. OIL is the largest manipulated commodity in the United States. Its all a sham, and we are the victims. We could ALL own an electric car, cut down consumption by 50% and the price of a gallon of gas would still be near 4 bucks. TO believe otherwise is just silly talk. TOS. [/QUOTE]
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