skywords
Donation Time
Stick this in your pipe and smoke it. 
http://www.youtube.com/watch?v=BdRG8RLSxU4&feature=player_embedded
http://www.youtube.com/watch?v=BdRG8RLSxU4&feature=player_embedded
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Enjoy.
The sky is falling The sky is falling
- Thread starter skywords
- Start date
Nickodell
Donation Time
Drill here, drill NOW. Start building nuclear power plants NOW. Build 20 new refineries NOW. Do all these on a Manhattan Project priority, mandating that they begin pumping or come on line no later than three years from now.
Use the 2/3 of the Stimulous money so far unspent.
Finally, give the environmental whackos the same attention as we did in 1944.
Use the 2/3 of the Stimulous money so far unspent.
Finally, give the environmental whackos the same attention as we did in 1944.
Chuck Ingram
Donation Time
$4.00 a gallon???
Man we are already there at .99 cents a liter canadian
They are predicting a $1.40 per liter by summer
And we are still the biggest suppliers to the US but our taxes kill us.They have even figured out how to tax the tax on gasoline.
Pretty cool (no pun intended) that this is coming out FINALLY. But the globalists will circumvent this truth and insist on taxing and hobbling us with non-realistic environmental restrictions. I say we confiscate all of Al Gore's proceeds from "An Inconvenient Truth" and put the money to use firing up some good old fashioned coal power plants!
wipeout
Donation Time
this thread is making me teary eyed....welcome to the show brothers....here's the link to the entire series.. http://www.kusi.com/weather/colemanscorner/81583352.html?4kk55
If you want your eyes to bug out, check out Millard's site http://www.junkscience.com/
Great post Sky
Did you hear that Al Gore, from Brazil, said not to use gas powered snow blowers on the recent blizzards? He said that the earth is " trying to heal itself " and using such things is counter productive.... omg... this snake oil saleman needs to be Baker acted.
If you want your eyes to bug out, check out Millard's site http://www.junkscience.com/
Great post Sky
Did you hear that Al Gore, from Brazil, said not to use gas powered snow blowers on the recent blizzards? He said that the earth is " trying to heal itself " and using such things is counter productive.... omg... this snake oil saleman needs to be Baker acted.
Chuck, gasoline here is $2.50 a gallon. Been at about that level for for a year or so. How low did it go for you guys?
Our federal tax is 18 cents, state tax usually about the same. Looks like your total taxes are about 25 cents/ltr. So we pay about 40 cents a gallon taxes, you pay about a buck. The difference would be roughly 60 cents a gallon, which would put the pump price just over $3.00. Somebody besides your gov'mt is giving you guys a pretty good hosing.
Bill
skywords
Donation Time
More interesting facts. By Harvard
http://www.cfa.harvard.edu/news/archive/pr0310.html
20th Century Climate Not So Hot
Cambridge, MA - A review of more than 200 climate studies led by researchers at the Harvard-Smithsonian Center for Astrophysics has determined that the 20th century is neither the warmest century nor the century with the most extreme weather of the past 1000 years. The review also confirmed that the Medieval Warm Period of 800 to 1300 A.D. and the Little Ice Age of 1300 to 1900 A.D. were worldwide phenomena not limited to the European and North American continents. While 20th century temperatures are much higher than in the Little Ice Age period, many parts of the world show the medieval warmth to be greater than that of the 20th century.
Smithsonian astronomers Willie Soon and Sallie Baliunas, with co-authors Craig Idso and Sherwood Idso (Center for the Study of Carbon Dioxide and Global Change) and David Legates (Center for Climatic Research, University of Delaware), compiled and examined results from more than 240 research papers published by thousands of researchers over the past four decades. Their report, covering a multitude of geophysical and biological climate indicators, provides a detailed look at climate changes that occurred in different regions around the world over the last 1000 years.
"Many true research advances in reconstructing ancient climates have occurred over the past two decades," Soon says, "so we felt it was time to pull together a large sample of recent studies from the last 5-10 years and look for patterns of variability and change. In fact, clear patterns did emerge showing that regions worldwide experienced the highs of the Medieval Warm Period and lows of the Little Ice Age, and that 20th century temperatures are generally cooler than during the medieval warmth."
http://www.cfa.harvard.edu/news/archive/pr0310.html
20th Century Climate Not So Hot
Cambridge, MA - A review of more than 200 climate studies led by researchers at the Harvard-Smithsonian Center for Astrophysics has determined that the 20th century is neither the warmest century nor the century with the most extreme weather of the past 1000 years. The review also confirmed that the Medieval Warm Period of 800 to 1300 A.D. and the Little Ice Age of 1300 to 1900 A.D. were worldwide phenomena not limited to the European and North American continents. While 20th century temperatures are much higher than in the Little Ice Age period, many parts of the world show the medieval warmth to be greater than that of the 20th century.
Smithsonian astronomers Willie Soon and Sallie Baliunas, with co-authors Craig Idso and Sherwood Idso (Center for the Study of Carbon Dioxide and Global Change) and David Legates (Center for Climatic Research, University of Delaware), compiled and examined results from more than 240 research papers published by thousands of researchers over the past four decades. Their report, covering a multitude of geophysical and biological climate indicators, provides a detailed look at climate changes that occurred in different regions around the world over the last 1000 years.
"Many true research advances in reconstructing ancient climates have occurred over the past two decades," Soon says, "so we felt it was time to pull together a large sample of recent studies from the last 5-10 years and look for patterns of variability and change. In fact, clear patterns did emerge showing that regions worldwide experienced the highs of the Medieval Warm Period and lows of the Little Ice Age, and that 20th century temperatures are generally cooler than during the medieval warmth."
sunbeamowner
Bronze Level Sponsor
Come to Australia we have 'Top Off' driving.
Chuck Ingram
Donation Time
You are absolutely right.Oil companies are raking in huge piles of money.
Our niece works for one of your big oil companies and is in a supervisory position.She is being primed for big time with the company.
Break even price is $62.00 US per barrel so go figure
wipeout
Donation Time
Hey Chuck...
The huge piles of money are displaced by the bigger pile of money it takes to bring it to market. Keeping it all in perspective, the profit margin for the latest postings is just under a 10% margin. Sure, 450 million in profit for one quarter sounds outrageous, but its just 10 percent of monies invested to run the company.
When times were better my company boasted a 20 % profit, now, to be competitive, it's closer to 5%, if that at all.
It's all relative. Some would have said that I was raking in huge piles of money.
The huge piles of money are displaced by the bigger pile of money it takes to bring it to market. Keeping it all in perspective, the profit margin for the latest postings is just under a 10% margin. Sure, 450 million in profit for one quarter sounds outrageous, but its just 10 percent of monies invested to run the company.
When times were better my company boasted a 20 % profit, now, to be competitive, it's closer to 5%, if that at all.
It's all relative. Some would have said that I was raking in huge piles of money.
Nickodell
Donation Time
NET profit for oil companies on a gallon of Regular, all expenses of surveying, drilling (including many "dry holes"), pumping, transporting, shipping, refining, etc. etc. is around 9c - 11c depending on several variables. Federal and state taxes average around 42c.
Also, oil companies employ tens of thousands of people (how many people does government employ, other than other government drones who produce nothing but paper?) and those "obscene" profits pay dividends to shareholders, including union members, who are, on average, not wealthy.
One of the main reasons I left the UK was that since WWII they had gradually gone down the union/liberal/socialist drain. The attitude was "Look at that rich guy. Let's get him!" while in America it was "Look at that rich guy. Let's be like him." While that hasn't changed much in the UK in the 41 years we have been here, I see with increasing sadness how this country that I love is headed down the same drain.
Also, oil companies employ tens of thousands of people (how many people does government employ, other than other government drones who produce nothing but paper?) and those "obscene" profits pay dividends to shareholders, including union members, who are, on average, not wealthy.
One of the main reasons I left the UK was that since WWII they had gradually gone down the union/liberal/socialist drain. The attitude was "Look at that rich guy. Let's get him!" while in America it was "Look at that rich guy. Let's be like him." While that hasn't changed much in the UK in the 41 years we have been here, I see with increasing sadness how this country that I love is headed down the same drain.
Let's see here. Uh, you say 450 million is 10% of the total investment. Sounds okay. But wait, the 10% return for one quarter. Aren't there four quarters in a year? That makes a 40% return on investment. That's as good, or better, than a health insurance company.
Bill
no no Bill...you can't add the percentages together, unless of course youre using D.C. budgeting. 10% profit for each quarter is still 10% for the year.
100 x 10%= 10
400 x 10%= 40
nice try though.
Yes, yes.
You plainly stated that 450 million, the profit for the quarter, was 10% of the investment. Ten times 450 million is 4.5 billion, right? 450 million per quarter times four is 1.8 billion dollars profit per year on a 4.5 billion dollar investment.
Maybe that's not what you meant, but that's what you said.
Bill
sammaw@bellsout
Silver Level Sponsor
I would say that if you think oil companies are so profitable, don't complain about them, buy stock in them!