April 8, 201016 yr My wife and I are teachers and get paid once a month. So, we have to budget everything out on a monthly basis. Presently, I buy $275 worth of gas cards the day we get paid and that is our gas for the month. The summer it got up to $4.00, I was up to buying $400 a month in gas cards. $125 is a lot in my budget. Man that is a lot of driving? You drive 2500 miles a month???
April 8, 201016 yr When Congress finally allowed for the Alaskan Pipeline to be built they included in the bill that all the Alaskan oil had to be used in the US. Although since there is a trade of oil allowed to help cut transportation costs. Some oil bought by Japan, from the Persian Gulf, goes to the Gulf Coast refineries and some of the Alaskan oil goes to Japan. The same could be done for any of the vast reserves that we have. So you're advocating a new law be passed that says that US oil stays in the US?
April 8, 201016 yr Man that is a lot of driving? You drive 2500 miles a month??? Two vehicles @ 1250 miles is not many miles.
April 8, 201016 yr Two vehicles @ 1250 miles is not many miles. It is above average for sure. Almost 100 miles per day is quite a bit. If I were driving that much, I would be looking at purchasing an extremely fuel efficient vehicle.
April 8, 201016 yr It is above average for sure. Almost 100 miles per day is quite a bit. If I were driving that much, I would be looking at purchasing an extremely fuel efficient vehicle. The average driver drives between 12k and 15 miles per year. 1250 per month is considered average. Its not 100 miles per day per car. Its about 40 miles per day.
April 8, 201016 yr It is above average for sure. Almost 100 miles per day is quite a bit. If I were driving that much, I would be looking at purchasing an extremely fuel efficient vehicle. Where are you getting your numbers? That's nowhere close to 100 miles a day...:idunno: The average driver drives between 12-15 thousand miles a year, 1250 a month is 15,000. It's average.
April 8, 201016 yr So you're advocating a new law be passed that says that US oil stays in the US? Actually, no. It seemed as if you would be upset if it did not stay in the US and this would be a way to satisfy that whim.
April 8, 201016 yr Actually, no. It seemed as if you would be upset if it did not stay in the US and this would be a way to satisfy that whim. No idea what the above means. My point is simple. Oil companies , not the govt, make the investment and take the risk in oil exploration. If those companies were to have the ability to produce oil from ANWR they're going to put it on the open market. Its not going strictly to the US market. We're not Venezuela. What about the fact that is probably 10 to 20 years before ANWR would reach peak production? What about the DOE's best-case scenario of 800k barrels per day after 10 to 20 years? 800k is a pittance compared to the 19M barrels per day the US consumes.
April 8, 201016 yr Limit the speculators role in the oil market. Windfall tax big oil. This is what Barack said he is going to do, lets see if he backs it up now that the health care crusade is over. But Clyde, supply is way up and demand is way down it has been this way for a while now. If they did something about speculators things would probably balance out okay. Define windfall. Exxon's profit margin is around 7%. Return on assets 7.5%. Earns about $4 per share on a $68 stock price. Are you willing to "windfall" all industries with these numbers or above? How about individual investors? Have you ever earned more than 7.5% annually on an investment? We want to include them? You simply can't look at dollars and ignore the investment.
April 8, 201016 yr You didn't answer mine either. Vindictiveness or just making sure the airlines can continue to function, and the trucking industry can continue to deliver our goods and our local school systems can afford to take kids to school and back? Is it really going to hurt Exxon when there billion dollar quarterly profits are cut down to multi million dollar profits? Define spoiled for me will you? Is it your believe that 2.50-3.00 is a fair price for gas? When you go grocery shopping here soon and the prices are going up to counter high fuel/transportation cost, are you going to look at your receipt and think that well big oil has to make a profit? Not trying to put any words in your mouth... trying to understand your insight on the topic. For the record Obama said he was only going to tax them at above 75 dollar oil. At 75 dollar oil that still translates to billion dollar profits. The money he is taxing them, he is giving back to the poor to go and buy gas, so they will get a lot of it back anyway. I asked mine first. So what purpose would that tax serve though? You are saying that all the money that would be taken with a windfall tax would be given to all those corporations to help them make due? Is that what you are trying to say? The thing is that there are ways to make due with shipping costs as well. Who knows, maybe it would lead to profitability for local farmers again because it will cost companies less to get their products from local growers and we may have to start getting used to seasonal items being less available. Lord knows people made due in the past. Move your kids to a school that is closer or demand that your school districts switch to more fuel efficient vehicles for transportation purposes. If people will pay a price for something, then yes it is a fair price. The only way you can seriously affect the cost of something is to refuse to purchase it until it reaches a price you are willing to pay. Price controls are a disaster, rent controls in big cities have not been particularly helpful except to those already in an apartment. No reason to get into the market at that point. We need to invest in mass transit and be more intelligent when building our communities. If you choose to live somewhere where the distance causes your fuel costs to go up that is your issue. To answer your question, they earned the money you gave them. It's not their fault you don't drive something more fuel efficient, walk, ride a bike or use mass transit.
April 8, 201016 yr The average driver drives between 12k and 15 miles per year. 1250 per month is considered average. Its not 100 miles per day per car. Its about 40 miles per day. You can split hairs but we will not reach 15K per year average until about 2085. http://www.cleancaroptions.com/html/vehicle_miles_traveled.html The annual average is still under 12K per year (in 2007 it was 11,720 and last year it was 11,870). http://www.epa.gov/greenpower/pubs/calcmeth.htm Either way 1250 miles per month is 15K per year and about 30% above average. Do some people drive more, sure. Do many drive less, sure.
April 8, 201016 yr Where are you getting your numbers? That's nowhere close to 100 miles a day...:idunno: The average driver drives between 12-15 thousand miles a year, 1250 a month is 15,000. It's average. See post 57.:walk: 2500 miles a month is about 84 miles a day. I responded to the lbballcoach stating that fuel at 4.00/gal was costing about $400 per month. I extrapolated that to be 100 gallons. If you are getting approx 25mpg than that is 2500 miles a month. Clyde decided to break that down to two vehicles (my assumption was not based on that, he decided that lbballcoach was referring to 2 cars). As I have shown that even splitting that between two cars is about 30% above average.
April 8, 201016 yr No idea what the above means. My point is simple. Oil companies , not the govt, make the investment and take the risk in oil exploration. If those companies were to have the ability to produce oil from ANWR they're going to put it on the open market. Its not going strictly to the US market. We're not Venezuela. What about the fact that is probably 10 to 20 years before ANWR would reach peak production? What about the DOE's best-case scenario of 800k barrels per day after 10 to 20 years? 800k is a pittance compared to the 19M barrels per day the US consumes. Sorry if I was not clear. You asked if I was for limiting the sale of US oil production to the US and I said no. It just seemed as if you wanted that oil to stay in the US from a previous post. You have stated you are not. According to a friend of mine in the oil industry it will take 8-10 years to get the ANWAR oil into production. But I understood it will take that long because they will build a new line next to the Alaskan Pipeline. Do you not think 800,000 barrels a day would not be benefical? I am not looking for a panacea, just trying to make us a less dependent on someone else. If the oil companies think they would make a profit, that is up to them to make that decision. It helps them to make a profit, it helps to employ people and makes the US less dependent on foreign sources of oil. We also could get more oil production out of the Gulf and both coastal regions. The barrels would then start to add up. Edited April 8, 201016 yr by bballfamily added comment
April 8, 201016 yr Author See post 57.:walk: 2500 miles a month is about 84 miles a day. I responded to the lbballcoach stating that fuel at 4.00/gal was costing about $400 per month. I extrapolated that to be 100 gallons. If you are getting approx 25mpg than that is 2500 miles a month. Clyde decided to break that down to two vehicles (my assumption was not based on that, he decided that lbballcoach was referring to 2 cars). As I have shown that even splitting that between two cars is about 30% above average. Two cars. My wife got $225 for the Kia Sedonna and I got $175 for the Elantra. THis was also during the summer where we did a lot of traveling to my daughter's golf tournaments and my sons baseball/basketball games.
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