This is crazy

Prices for everything is up.

 

It's still $4.49 up here in Mackinaw City...we got a long way to go.

 

Except my paycheck

 

Same situation over here. Diesel is much higher priced than petrol.

 

In Maine gas is $4.19 average. Diesel $6.34 average. Home heating oil topped $6. It won’t be long and 1929 will look like the good times. LGB/FJB

 

Exxon mobile , 5.5 billion dollar earnings for first quarter of 2022. Nuff said !

 

Right up there with phizer

 

I’ll count myself as fortunate? I just got a 3% raise which covers 1/3 of the cost of year over year inflation…

The irony here is who this effects the most.

 

I'm pretty sure when I talked with you before your GTG, you told me someone told you that gas was going up 30 cents by a certain date.

 

It’s worth mentioning that there are people holding public office on both sides of the aisle that are invested heavily in Exxon Mobil, Chevron, etc. and are profiting immensely from the current situation. Who knows if they’re even willing to do something for their constituents if it means taking a hit in their own portfolio. I think a fair assessment would be that both teams are failing We The People right now.

 

Guess I read into this thread wrong. We can discuss the problem but the causes are a bridge too far. I was trying to be ambiguous in my reply to Mr. Wishlist since I can read between the lines and I know he’s in the opposite camp. Thought I could meet him in the middle of the road and maybe have a fleeting moment of agreement with someone I disagree with on (probably) most everything. I thought I could respectfully point out how the problems we all face transcend political ideology/personal beliefs and maybe even find that one thing he and I could agree on. I thought wrong. I see where the line is and where I overstepped it. It won’t happen again Dennis.

 

Not sure Mr Eric how you know me or my personal views ? I’ve never meet you or had any private messages with you . I didn’t post anything other than profits from an oil company . So please do me a favor and don’t put me in any camp . Thank you in advance .

I do have 2 family members who work in the oil industry and since the topic of this thread is about oil I’ll stay on topic here .
One cousin lives in Wyoming and is a Master electrician who works on a major pipeline that goes thru many states . He told me once the name of the pipeline but I don’t remember it or exactly what states he works in besides Wyoming . What I found interesting when he was visiting his family in Michigan a few years back is he said his company actually shuts down the pipeline when the price of oil is below a certain dollar amount . They will wait until “ cheap overseas oil” prices rise then start it back up again . Dan said his company is diversified in other business so they can afford to do this . I’m by no means an oil man or know the ins and outs of oil trading but I thought it was interesting.

My brother in law hauls a tanker to fill gas stations . He’s been doing this for well over 20 years . He will call me sometimes and say “ price is going up .40 cents at midnight filler up “. His company will have the truckers fill stations to the rim along with trucks and work ot right up to midnight . Of course we all see prices rise .40 cents the next morning but take forever to drop .

 

Just saw a report last night that oil company profits are soaring... I guess without regulation they can do what they want.

 

And that right there is a slippery slope. Should there be regulations ............ or not?

 

Especially seeings the oil companies don’t exactly say “this is the price”, Wall Street speculation sets the prices. It’s all futures and not what is actually getting pumped today.

 

Agreed (that should be all caps, lol). I'm not taking a stance but if you're anti, probably shouldn't complain.

 

When Standard Oil was broken up in 1911 due to antitrust laws, all it did was get the people responsible for regulation in on the action so that they could profit too. It’s one big club and we ain’t in it, as George Carlin said.