Comments on: What am I paying for in the price of a gallon of gasoline? http://www.exxonmobilperspectives.com/2012/01/27/what-am-i-paying-for-in-the-price-of-a-gallon-of-gasoline/ Mon, 20 May 2013 18:52:16 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Al Snyder http://www.exxonmobilperspectives.com/2012/01/27/what-am-i-paying-for-in-the-price-of-a-gallon-of-gasoline/comment-page-2/#comment-2974 Al Snyder Sat, 18 May 2013 05:35:16 +0000 http://www.exxonmobilperspectives.com/?p=5277#comment-2974 Only $0.39 tax? What's the tax, tariff, and fee component of the crude? $1.80? How about the tax component of manufacturing, distribution and marketing? $0.26? How much cost for regulatory compliance at every step of the process? $0.90? How about a revised article, written with the input of Exxon's accountants? Only $0.39 tax? What’s the tax, tariff, and fee component of the crude? $1.80? How about the tax component of manufacturing, distribution and marketing? $0.26? How much cost for regulatory compliance at every step of the process? $0.90? How about a revised article, written with the input of Exxon’s accountants?

]]> By: Winchester Farthington http://www.exxonmobilperspectives.com/2012/01/27/what-am-i-paying-for-in-the-price-of-a-gallon-of-gasoline/comment-page-2/#comment-2973 Winchester Farthington Fri, 17 May 2013 21:16:58 +0000 http://www.exxonmobilperspectives.com/?p=5277#comment-2973 This article is such a joke. Raw materials cost. Why not break down the cost of the raw materials? Oh wait, then the actual cost would be revealed. Since Nixon took us off of the gold standard and put us on the oil standard, USD are supposed to be exclusively traded by OPEC using USD. Iraq and Iran sought to change that allowing oil to be traded in non-USD currency. Darn that!!! So the fluctuation of the USD has more to do with the price than does the cost of producing oil out of the oil fields of Exxon. Exxon makes a profit as around $20-$25/barrel. Given the sunk costs, likely it is far cheaper now than when those wells were sunk 10-30 years ago and more. Regardless, the oil fields produce shear profits. The oil companies then sell the oil on the commodities market that generally trades north of $80/barrel these days. OPEC wanted to reign in the cost to just below $80/barrel because the oil shale mining operations only become profitable at that price point. So that $2.62/gallon cost....Let's just say that represents $75/barrel and that the actual cost is less than the $20/barrel, but let them make their profits at $25/barrel. So you can knock off about 2/3rds of the $2.62/gallon which is about $1.75/gallon so that would drop the raw materials cost (which has built in profit already) down from $2.62 to under $1/gallon. You think that oil companies want to take oil off of the commodities market...Not a chance. They make way too much profit right now. They allow the day traders to bid up the price per barrel and encourage others to make war and otherwise disturb the world markets with distractions so that they can pocket the profits that they then "hide" as part of the cost of the oil because they then have to buy back the oil for the refineries to process it. Since the oil companies are selling the oil at a substantial profit, they then can potentially game the system to buy the oil back for the refining process. They hedge USD against other currencies to protect their investments. If oil companies didnt sell the oil on the commodities boards, then they'd have to justify the premium pricing of raw oil at such huge markups. This way they dont have to justify the cost and clearly call it the raw cost of the oil. Believe me when I say that the cost of oil is far from straight forward. Big oil companies game the system as much as possible. This article is such a joke. Raw materials cost. Why not break down the cost of the raw materials? Oh wait, then the actual cost would be revealed. Since Nixon took us off of the gold standard and put us on the oil standard, USD are supposed to be exclusively traded by OPEC using USD. Iraq and Iran sought to change that allowing oil to be traded in non-USD currency.

Darn that!!! So the fluctuation of the USD has more to do with the price than does the cost of producing oil out of the oil fields of Exxon. Exxon makes a profit as around $20-$25/barrel. Given the sunk costs, likely it is far cheaper now than when those wells were sunk 10-30 years ago and more. Regardless, the oil fields produce shear profits. The oil companies then sell the oil on the commodities market that generally trades north of $80/barrel these days. OPEC wanted to reign in the cost to just below $80/barrel because the oil shale mining operations only become profitable at that price point.

So that $2.62/gallon cost….Let’s just say that represents $75/barrel and that the actual cost is less than the $20/barrel, but let them make their profits… read more »

…at $25/barrel. So you can knock off about 2/3rds of the $2.62/gallon which is about $1.75/gallon so that would drop the raw materials cost (which has built in profit already) down from $2.62 to under $1/gallon.

You think that oil companies want to take oil off of the commodities market…Not a chance. They make way too much profit right now. They allow the day traders to bid up the price per barrel and encourage others to make war and otherwise disturb the world markets with distractions so that they can pocket the profits that they then “hide” as part of the cost of the oil because they then have to buy back the oil for the refineries to process it. Since the oil companies are selling the oil at a substantial profit, they then can potentially game the system to buy the oil back for the refining process. They hedge USD against other currencies to protect their investments.

If oil companies didnt sell the oil on the commodities boards, then they’d have to justify the premium pricing of raw oil at such huge markups. This way they dont have to justify the cost and clearly call it the raw cost of the oil.

Believe me when I say that the cost of oil is far from straight forward. Big oil companies game the system as much as possible.

]]> By: Albert Nunez http://www.exxonmobilperspectives.com/2012/01/27/what-am-i-paying-for-in-the-price-of-a-gallon-of-gasoline/comment-page-1/#comment-2968 Albert Nunez Sun, 12 May 2013 12:55:41 +0000 http://www.exxonmobilperspectives.com/?p=5277#comment-2968 I would like to know is it all government or just part? What happened to our cheap gas IF THE ALASKAN PIPE LINE WOULD BE APPOVED. The people were LIED to by the industry & government, where does that gas go???? Do you think their PROMISE was KEPT, and WHO PUSHED TO GET THE PIPELINE? I would like to know is it all government or just part? What happened to our cheap gas IF THE ALASKAN PIPE LINE WOULD BE APPOVED. The people were LIED to by the industry & government, where does that gas go???? Do you think their PROMISE was KEPT, and WHO PUSHED TO GET THE PIPELINE?

]]> By: Kaylitlin Sequoia http://www.exxonmobilperspectives.com/2012/01/27/what-am-i-paying-for-in-the-price-of-a-gallon-of-gasoline/comment-page-1/#comment-2941 Kaylitlin Sequoia Wed, 01 May 2013 14:40:23 +0000 http://www.exxonmobilperspectives.com/?p=5277#comment-2941 Please join us in telling the WAR MONGER Obama to stop his wars in Afganastan. Tell him NO to further engagements in Syria, no matter the “humanitarian” problem (which are only manufactured by our war cultrure counterparts). We have to be sensistive to the cultures of others and understand that just because we think people of all colors are equal, and that women should be treated equally and with respect, does NOT mean that we need to force these views on other soverng states with machine guns and guided missles! STOP the KILLING OBAMA! YOU HAVE THE POWER! USE IT! Please join us in telling the WAR MONGER Obama to stop his wars in Afganastan. Tell him NO to further engagements in Syria, no matter the “humanitarian” problem (which are only manufactured by our war cultrure counterparts). We have to be sensistive to the cultures of others and understand that just because we think people of all colors are equal, and that women should be treated equally and with respect, does NOT mean that we need to force these views on other soverng states with machine guns and guided missles! STOP the KILLING OBAMA! YOU HAVE THE POWER! USE IT!

]]> By: Kaylitlin Sequoia http://www.exxonmobilperspectives.com/2012/01/27/what-am-i-paying-for-in-the-price-of-a-gallon-of-gasoline/comment-page-1/#comment-2940 Kaylitlin Sequoia Wed, 01 May 2013 14:37:57 +0000 http://www.exxonmobilperspectives.com/?p=5277#comment-2940 Please join us in telling the WAR MONGER Obama to stop his wars in Afganastan. Tell him NO to further engagements in Syria, no matter the "humanitarian" problem (which are only manufactured by our war cultrure counterparts). We have to be sensistive to the cultures of others and understand that just because we think people of all colors are equal, and that women should be treated equally and with respect, does NOT mean that we need to force these views on other soverng states with machine guns and guided missles! STOP the KILLING OBAMA! YOU HAVE THE POWER! USE IT! Please join us in telling the WAR MONGER Obama to stop his wars in Afganastan. Tell him NO to further engagements in Syria, no matter the “humanitarian” problem (which are only manufactured by our war cultrure counterparts). We have to be sensistive to the cultures of others and understand that just because we think people of all colors are equal, and that women should be treated equally and with respect, does NOT mean that we need to force these views on other soverng states with machine guns and guided missles! STOP the KILLING OBAMA! YOU HAVE THE POWER! USE IT!

]]> By: Michael Muse http://www.exxonmobilperspectives.com/2012/01/27/what-am-i-paying-for-in-the-price-of-a-gallon-of-gasoline/comment-page-2/#comment-2937 Michael Muse Wed, 01 May 2013 13:21:22 +0000 http://www.exxonmobilperspectives.com/?p=5277#comment-2937 When I add up the parts of the gallon of gasoline, I get $3.41. Math skill lacking? When I add up the parts of the gallon of gasoline, I get $3.41. Math skill lacking?

]]> By: Marshall Hiepler http://www.exxonmobilperspectives.com/2012/01/27/what-am-i-paying-for-in-the-price-of-a-gallon-of-gasoline/comment-page-1/#comment-2922 Marshall Hiepler Mon, 29 Apr 2013 12:44:46 +0000 http://www.exxonmobilperspectives.com/?p=5277#comment-2922 The reason for our "presence" in the Middle East, may not be "for oil" as you stated, James. But, it is very closely related. The issue of concern for many world governments, including our own, is our dependence upon oil, and also the rate of financial growth (power) of unstable Middle Eastern countries. The ability to control the production and flow of crude oil to dependent countries, creates great power and wealth for suppliers in the Middle East. They are in a position to acquire "superpower" weapons, and influence world power balances; a concept that "world authorities" (the UN) find unacceptablely threatening to the current system. Thus, it was a matter of "force submission, before they grow strong enough to adequately defend themselves". I don't believe that we are morally entitled to control the Middle East, however, my beliefs are of no concern to those who hold power in today's world. You are correct in your assertion that "The problem is government". Such has always been the case in history, and it has led many a strong civilization to utter ruin. Humans cannot rule humans, because this requires a mastery over one's self-serving nature. Sadly, not one of us meets this criteria. Rather than point out the problems, our intelligent energies would be better utilized for suggesting the answers. The reason for our “presence” in the Middle East, may not be “for oil” as you stated, James. But, it is very closely related. The issue of concern for many world governments, including our own, is our dependence upon oil, and also the rate of financial growth (power) of unstable Middle Eastern countries.
The ability to control the production and flow of crude oil to dependent countries, creates great power and wealth for suppliers in the Middle East. They are in a position to acquire “superpower” weapons, and influence world power balances; a concept that “world authorities” (the UN) find unacceptablely threatening to the current system. Thus, it was a matter of “force submission, before they grow strong enough to adequately defend themselves”.
I don’t believe that we are morally entitled to control the Middle East, however, my beliefs are of no concern to those who hold power in today’s world.
You are correct in your assertion that “The problem is government”. Such has always been the case in history, and it has led many a strong civilization to utter ruin.
Humans cannot rule humans, because this requires a mastery over one’s self-serving nature. Sadly, not one of us meets this criteria.
Rather than point… read more »

…out the problems, our intelligent energies would be better utilized for suggesting the answers.

]]> By: Rexford Dundon http://www.exxonmobilperspectives.com/2012/01/27/what-am-i-paying-for-in-the-price-of-a-gallon-of-gasoline/comment-page-1/#comment-2903 Rexford Dundon Tue, 23 Apr 2013 23:32:49 +0000 http://www.exxonmobilperspectives.com/?p=5277#comment-2903 then why aren't we getting any oil from Iraq, if that's why we went over there? your "logic" doesn't make any sense at all. (besides, combat is safer than driving on the roads here in the USA, or living in Chicago, Oakland or Memphis) then why aren’t we getting any oil from Iraq, if that’s why we went over there? your “logic” doesn’t make any sense at all. (besides, combat is safer than driving on the roads here in the USA, or living in Chicago, Oakland or Memphis)

]]> By: Gary Brunner http://www.exxonmobilperspectives.com/2012/01/27/what-am-i-paying-for-in-the-price-of-a-gallon-of-gasoline/comment-page-2/#comment-2892 Gary Brunner Tue, 16 Apr 2013 14:45:31 +0000 http://www.exxonmobilperspectives.com/?p=5277#comment-2892 There is nothing good about ethanol. Lower efficiency in our cars, plus it destroys fuel lines, especially in lawn equipment, takes a gallon of gas to produce at most .3 gallons of ethanol. There is nothing good about ethanol. Lower efficiency in our cars, plus it destroys fuel lines, especially in lawn equipment, takes a gallon of gas to produce at most .3 gallons of ethanol.

]]> By: Gary Brunner http://www.exxonmobilperspectives.com/2012/01/27/what-am-i-paying-for-in-the-price-of-a-gallon-of-gasoline/comment-page-2/#comment-2891 Gary Brunner Tue, 16 Apr 2013 14:43:01 +0000 http://www.exxonmobilperspectives.com/?p=5277#comment-2891 The article says nothing about the cost of ethanol, one of the biggest hoaxes yet foisted on the public. The article says nothing about the cost of ethanol, one of the biggest hoaxes yet foisted on the public.

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