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| View Poll Results: What do you think the cause of the high fuel price is? | |||
| Supply and Demand |
   
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23 | 23.47% |
| Lack of refineries |
  
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18 | 18.37% |
| Corporate greed |
  
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50 | 51.02% |
| Lack of government regulation |
  
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4 | 4.08% |
| Who cares? |
  
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3 | 3.06% |
| Voters: 98. You may not vote on this poll | |||
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#46
10-28-2005, 07:04 PM
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__________________
Proud owner of .... 1971 280SE W108 1979 300SD W116 1983 300D W123 1975 Ironhead Sportster chopper 1987 GMC 3/4 ton 4X4 Diesel 1989 Honda Civic (Heavily modified) --------------------- Section 609 MVAC Certified --------------------- "He who fights with monsters might take care lest he thereby become a monster. And if you gaze for long into an abyss, the abyss gazes also into you." - Friedrich Nietzsche 
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#47
10-28-2005, 07:09 PM
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#48
10-28-2005, 07:17 PM
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__________________
Proud owner of .... 1971 280SE W108 1979 300SD W116 1983 300D W123 1975 Ironhead Sportster chopper 1987 GMC 3/4 ton 4X4 Diesel 1989 Honda Civic (Heavily modified) --------------------- Section 609 MVAC Certified --------------------- "He who fights with monsters might take care lest he thereby become a monster. And if you gaze for long into an abyss, the abyss gazes also into you." - Friedrich Nietzsche
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#49
10-28-2005, 07:22 PM
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#50
10-28-2005, 07:27 PM
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Good gracious!
Ya, we rant over on OD, and we be civil here......funny how that is! Yes, BHD, I'm not at all sure what's up with diesel country-wide! Usually at this time of year, diesel, associated with home heating fuel, rises, but lately it's been coming down, at least around here..Cape Cod. 
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#51
10-28-2005, 07:32 PM
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since diesel costs less per gallon to produce somebody at the wholesale level of before is making at least a 50% profit on the price and thats WAY, WAY over what the profit for gasolene is... Yes diesel goes up a LITTLE in the winter....but never 50% over the price of gasolene...
__________________
Proud owner of .... 1971 280SE W108 1979 300SD W116 1983 300D W123 1975 Ironhead Sportster chopper 1987 GMC 3/4 ton 4X4 Diesel 1989 Honda Civic (Heavily modified) --------------------- Section 609 MVAC Certified --------------------- "He who fights with monsters might take care lest he thereby become a monster. And if you gaze for long into an abyss, the abyss gazes also into you." - Friedrich Nietzsche
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#52
10-28-2005, 07:36 PM
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I paid $2.83 in Milford, CT yesterday. First time below $2.99 in a long time.
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#53
10-28-2005, 07:44 PM
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Who knows?
Why we all ask! I haven't time in my day to ask why! I just pay what I must in order to connect to my next connection, be it to work, or the grocery store, so who of the people we elect answer to us why? Are we asking loud enough, or are we afraid to!
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#54
10-28-2005, 09:54 PM
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No, it is not a truly competitive industry. Back to my macro-economics from ten years ago; perfectly competitive industries are those such as T-shirt printing shops, where there are very low bariers to entry and no special product that can not be replicated or readily had by other competitors. The oil idustry is an extremely limited industry bordering on monopolistic, because there are incredible barriers to entry and an extremely limited number of competiters. There will not be new sprout up competitors offering more gasoline supply even though the price levels are extremely profitable, simply because the cost of starting a oil company and regulative barriers make it impossible for any competiters to enter the industry. Short answer; it is not a competitive marketplace.
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#55
10-28-2005, 10:02 PM
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__________________
Proud owner of .... 1971 280SE W108 1979 300SD W116 1983 300D W123 1975 Ironhead Sportster chopper 1987 GMC 3/4 ton 4X4 Diesel 1989 Honda Civic (Heavily modified) --------------------- Section 609 MVAC Certified --------------------- "He who fights with monsters might take care lest he thereby become a monster. And if you gaze for long into an abyss, the abyss gazes also into you." - Friedrich Nietzsche
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#56
10-28-2005, 10:07 PM
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Where is the "All Of The Above" option?
__________________
1982 240D. My name is Michael, and I am an 18 year old binge-drinkin', cigar-smokin', novel-writin', all around unsavory and unnattractive guy. I tell long-winded stories, and I only shave once a week, although I've had to do it every day since I was 16.
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#57
10-28-2005, 11:21 PM
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Here is another point of view:
Insted of complaining about how much fuel costs, can higher fuel prices be turned around into making you more money? Insted of saying Mobil is making to much money, do you own stock in Mobil? What about oil futures? Clearly lots of money was made, it is probably to late to get in the game now. Once it is on the news it is to late the investors have made their money and moved on. But since oil is only going up it is probably a very very good long term investment. We should all be buying stock in oil compaines and then hope they make more money!
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1999 SL500 1969 280SE 2023 Ram 1500 2007 Tiara 3200
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#58
10-28-2005, 11:50 PM
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no not really
the whole stock market is a rip off of ordinary folks. the guys at the top skim off all the cash and then bankrupt the company... screwing all the ordinary folks who have invested their retirement funds in their stock. this is not to mention all the loyal employees who have worked 20 or 30 years for the company and get screwed out of their pensions.
it is all so familiar. back in the sixties when studebaker went down. it was not because the company wasn't making money. it was because the big business folks who owned it found that their other holdings made more money. so all the folks working in the factory were screwed out of their pensions. my grandfather and uncle included. my dad was layed off in 55 and was making his living doing other things. no, the inside traders make all the money in the stock market. and this last quarter, mobil exxon made the most profit it has ever for the same time period... i think it was 10 billion. wonder how much they will contribute to the victims of the hurricanes. sorry, but i am cynical. of a lot of things. but not about the shopforum! tom w
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[SIGPIC] Diesel loving autocrossing grandpa Architect. 08 Dodge 3/4 ton with Cummins & six speed; I have had about 35 benzes. I have a 39 Studebaker Coupe Express pickup in which I have had installed a 617 turbo and a five speed manual.  [SIGPIC]..I also have a 427 Cobra replica with an aluminum chassis.
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#59
10-29-2005, 10:24 AM
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__________________
Proud owner of .... 1971 280SE W108 1979 300SD W116 1983 300D W123 1975 Ironhead Sportster chopper 1987 GMC 3/4 ton 4X4 Diesel 1989 Honda Civic (Heavily modified) --------------------- Section 609 MVAC Certified --------------------- "He who fights with monsters might take care lest he thereby become a monster. And if you gaze for long into an abyss, the abyss gazes also into you." - Friedrich Nietzsche Last edited by boneheaddoctor; 10-29-2005 at 10:53 AM.
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#60
10-29-2005, 10:47 AM
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The REASON Studebaker ended up in a low profit position was because they were so stupid that any time the unions asked for a raise, management just gave it to them, no question. The labor rates became so high that they were no longer competitive. The same kind of thing is now happening to GM. When you pay someone $25 an hour or whatever it is, to put nuts on shock absorbers and take coffee breaks all day, that's where you end up. I toured a GM plant in 1967 or so and people in that place were, for the most part, working at a break neck pace. I was in the same plant about 10 years ago looking at a control system and the pace of the workers in there made it look like a Church Social. If it weren't for the automation in the place, they wouldn't have been able to turn ANY finished product out the door. I couldn't agree more with your compassion for the employees that spend their lifetime there and walk away with nothing, but their union behavior is as responsible for the mess as is management, or mismanagement might be more correct. The management have made plenty of bad decisions for their part of the problem and the unions have priced themselves out of a job. The $10B that Exxon made was on $100B gross revenue. If that profit were to fall much lower, the Exxon investors would take their marbles and go elsewhere leaving the company in the same situation as Studabaker. Yes INDEED, if an investor can move their money elsewhere and get more return, you can bet your bippy that they will do it. That's what this country was founded on, free enterprise. The guys that do this are just good businessmen. The management of companies that allow this to happen are either; poor managers, victims of a failing industry or victims of other practices such as out of control, overpriced union workers. Okay, now that all that is said as response, I am putting on my Kevlar and hunkering down in my foxhole. Have a great day,
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