To all you pro oil folks out there.

[Bleipriester]

Then why are Chicago prices artificial?

Because you have no other explanation.

 

[bripat9643]

We can assume you're just an idiot, since you don't even know the basics about it, you just parrot some inane ideological rubbish and aren't really interested in the actual facts, For now we can note for a fact you're just a parrot.

I know the facts, you fucking moron. The laws of supply and demand government the price of oil. That's what you're calling "some inane ideological rubbish." You're trying to get away with rejecting the laws of economics while claiming you aren't.

We can note the fact that you lack the capacity to commit logic and that you're a liar.

 

[DudleySmith]

I know the facts, you fucking moron. The laws of supply and demand government the price of oil. That's what you're calling "some inane ideological rubbish." You're trying to get away with rejecting the laws of economics while claiming you aren't.

We can note the fact that you lack the capacity to commit logic and that you're a liar.

lol we already know you don't know squat, no need to keep on proving it over and over again.

 

[bripat9643]

No, the monopolies set the prices. Since most of the producers are govt. owned holding companies, politics plays a bigger role than 'supply and demand'.

ROFL! So now you're back to rejecting the laws of supply and demand.

OPEC has tried to set the price of oil since the 70s. Any price it sets almost immediately gets ignored because producers always cheat on their quotas.

 

[bripat9643]

lol we already know you don't know squat, no need to keep on proving it over and over again.

BWHAHAHAHAHA!

You kill me!

 

[bripat9643]

lol we already know you don't know squat, no need to keep on proving it over and over again.

WE know you're a moron who lacks the capacity to commit logic.

 

[DudleySmith]

WE know you're a moron who lacks the capacity to commit logic.

We get it, you're triggered and think Posting Last with more stupid ignorant crap is a win. Go ahead, make another simpering loser post, you can't help it.

 

[surada]

ROFL! So now you're back to rejecting the laws of supply and demand.

OPEC has tried to set the price of oil since the 70s. Any price it sets almost immediately gets ignored because producers always cheat on their quotas.

OPEC is always cheaper than Texas intermediate or Brent.

 

[Bleipriester]

Los Angeles

 

[Toddsterpatriot]

What does the term "net profits" mean?

Good question.

their yearly NET profits (<he said that after he said "Oil companies never lose money")

Maybe you can help that other guy out?

 

[Toddsterpatriot]

Because you have no other explanation.

I have lots of explanations.

 

[Cellblock2429]

Maybe check into the hows and whys 5 US oil refineries closed.
Biden can import all the oil on the planet, if you can't turn it into gas.......LOL

/----/ OKEY DOKE

American oil refineries shutter amid Biden's hostile fossil fuel policies, adding to pain at the pump: expert

LyondellBasell, the owner of one of the oldest refineries in Houston, became just the latest refinery to close amid rising gas prices.

www.foxbusiness.com

 

[Toddsterpatriot]

No, the monopolies set the prices. Since most of the producers are govt. owned holding companies, politics plays a bigger role than 'supply and demand'.

Why haven't the monopolies set the price at $200? Or $300?
If the price is set, why does the chart move between $68 and $120?

Isn't the price "set by the monopolies"?

 

[Cellblock2429]

They do it at the start of every bust cycle.

Right. Except you're claiming current high prices are the bust cycle.

Oil companies never lose money.

Never? Never ever? LOL!

In 2020, their yearly NET profits were over $4 billion.

Net profits? What do you mean?

/-------/ Net profits? What do you mean?
Is that a serious question?

Net profit definition: what is net profit?​

Net profit is the measurement of a company's profit once operating costs, taxes, interest and depreciation have all been subtracted from its total revenues. The term is often referred to as a company's 'bottom line' and may also be described as 'net earnings' or 'net income'. -- Capital.com

 

[Delldude]

/----/ OKEY DOKE

American oil refineries shutter amid Biden's hostile fossil fuel policies, adding to pain at the pump: expert

LyondellBasell, the owner of one of the oldest refineries in Houston, became just the latest refinery to close amid rising gas prices.

www.foxbusiness.com

You miss this part?

But government pressure to wean the country off of fossil fuels has made business difficult, with Flynn arguing that "refineries are getting squeezed out of business because of stricter regulations from the Biden administration and the pressure by the government" to "reduce demand for gasoline."

 

[Toddsterpatriot]

/-------/ Net profits? What do you mean?
Is that a serious question?

Net profit definition: what is net profit?​

Net profit is the measurement of a company's profit once operating costs, taxes, interest and depreciation have all been subtracted from its total revenues. The term is often referred to as a company's 'bottom line' and may also be described as 'net earnings' or 'net income'. -- Capital.com

Net profit is the measurement of a company's profit once operating costs

Yup.

Now what does the following mean?

Oil companies never lose money.
In 2020, their yearly NET profits were over $4 billion.

 

[Bleipriester]

I have lots of explanations.

I listen.

 

[Toddsterpatriot]

I listen.

DIfferent tax rates. Different transporation costs.
Different blends of gasoline.

 

[Bleipriester]

DIfferent tax rates. Different transporation costs.
Different blends of gasoline.

Taxes, ok, but the rest doesn´t apply.

 

[Toddsterpatriot]

Taxes, ok, but the rest doesn´t apply.

Really? Transportation costs from refineries don't vary?
Chicago doesn't have a different gas blend than the rest of the country?