Thursday, April 28, 2011

Oil Profit Record's BREAK, While Gas Pump's RAKE ... the "SPECULATION GAME" (Jumping for Joy in America PT.2)

This "Jumping for Joy in America PT.2" will take a look at the again record breaking oil profit's, that I been waiting for their quarterly report for the last month or so, which was released in the last couple day's. Some link's and video below, then some word's on this from the Chimp ....



***** ABC NEWS: High Gas Prices Mean Record Profits for Big Oil

NEWS VIDEO BELOW ... Thanx to ASSOCIATEDPRESS (and President Obama's brief statement here is accurate, as well as the comment's of analyst Phil Flynn)

10 year's or so ago (as well as 3 year's ago when I started this journal) , I was talking about the gas/ oil game to folk's when gas was under a buck ($1.00) a gallon, only a decade ago ... as far as how it will go up to say $4.00, then drop to say $3.00 and average out for awhile, making people jump for joy thinking it's time to mega spend again, because it dropped from $4 to $3, thinking they are getting a deal or saving, etc ... it's about as pointless and senseless though as believing these advertisement's of happy customer's saying they just bought over inflated car insurance and saved over $500 annually ... IT DIDNT HAPPEN, except in your mind, certainly not your pocket book, heh, heh, heh, heh, heh. :) So ... how did I know this? ... because I made my assessment and calculation's looking at the Middle Eastern conflict's that were starting to emerge more rapidly, the new market's, the Texas Crude market, etc, etc ... I was looking at many thing's brewing, that havent materialized YET, but the math showed they were inevitable simply.

By the time this summer is over, especially if the action slow's down in place's abroad with these conflict's ... and we repeat this same game once again (last time was 2008) and price's stabilize ... there's a good chance that people again will jump for joy over $3.50 a gallon gas/ petro price's ... we ("we" being our pocket book's) are played like pawn's on a chess board basically, and no one has to intentionally "play us" ... because we hold on to what we been holding onto for year's and keep repeating the same mistake's and embracing the same ole same ... it is "we" that dont "change". You cant change without changing, any more than you can be free without freeing your own mind ... NO legislation can do that for you.

But YES ... some legislation can be proposed/ written that would REALLY put an end to subsidizing these too big oil entities, and how essential need's commodities are dealt with in the global marketplace ... the problemo is ... there is no one in any position to do it. Yet ... year after year ... we will hear political mouth piece's talk about what can change the price at the pump or the price of energy, etc, etc, etc ... the thing is ... none of them do nothing but "say" what can be done and/ or what "they" would if you gave them more power. I dont care if it's the top dawg's like President Obama or House Speaker Boehner ... you cant do a thing without "action" first and "support" 2nd. ... and looking at the way ya'll get along up there ... ya'll arent going to get a thing done on this, this year or next year, or the year after that ... heh, heh, heh, heh, heh ... and it only become's a political debate and show. Were looking for solution's and answer's too, in all the wrong place's, or with folk's that dont have a bloody thing to do with it, especially politician's on both these polarizing side's.

The fact of the matter also ... is that the oil companies dont even have much to do with these price's at the pump's ... as much as these folk's who are employee's at these gas station's I see at all hour's of the night and day 24/ 7 in this town especially changing the price on the sign outside, especially on weekend's when there isnt even any bloody trading going on ... heh, heh, heh, heh, heh ... this is ALL bullshit. Also understand to show how much more bullshit this all is (at least I know it worx like this in Texas), is that the barrel price DOES NOT effect the pump price for at least a couple week's, and due to the way the station's pay and at what price, so when you see these station's changing price's in mid- day or whenever, their doing it on a "gamble" or else due to competitor's in the neighboring community, it hasnt a goddamn thing to do with the global barrel market's, this is nonsense and deceptive bullshit. The bottom line is that gas price's are fluxuating more than ever in history because of the speculation game on Wall St these days ... betting that thing's will get worse in oil rich Middle Eastern countries or such and trading based strictly like that or placing a bet like you do in Vegas or at the Race Track ... the oil companies dont even control that. Stopping oil subsidies of $4 billion combined for these mega entities is nothing but a drop in the bucket for them, $4 billion is pocket change or week's interest compared to the hundred's of billion's in profit's they earn, so they shouldnt whine either, even though they will. But both these polarizing political side's will hammer this till the cow's come home to get vote's as if they are actually going to act instead of just talk about what they can do. In 2008 Sen. McCain as well as Sen. Obama said what "can" be done ... and till this day ... not a goddamn thing has been done, that there should tell you something I dont need to here.

Couple weeks ago I struck up some small chat with a gal who was pumping gas next to me, and she had 4 little kid's in the van she had ... she was talking about the outrageous gas price's (I was filling up a small Honda, ultra fuel efficient and low emission's sport coup) saying that she needed the gas guzzler to take her 4 kid's to school ... as a family mom. I gave her a tip and explained to her that my little vehicle could fit me and them 4 kid's in it comfortably and cost half the gas ... she actually paused in thought. That's the whole point here .... THINK

Over and Out ....



Weaseldog said...

You have some good thoughts there.

The speculators are the bankers that continue to enjoy various forms of free welfare relief. POMO programs and the like.

But ultimately, they are in the game, because supply and demand works.

We still have oil in the US, but it costs more to drill, the oil flows slower, and the wells don't last so long.

It's much like the proverbial candy bar. When I was a kid I could buy a candy bar 10 cents, and they were huge! Over time, the price crept up and the bars got smaller and smaller.

The candy bars you pay full price for now, would've almost been halloween treats when I was a kid. Oh and those were bigger too.

To put 10 cents in to perspective, redeemable soda bottles went for 7 cents for an 8 ounce and 10 cents for a 12 ounce. I'd collect bottles for candy and 25 cents / gal gasoline for my mini-bike. An hour's work collecting would do me for the day.

Weaseldog said...

Here's a little XtraNormal video I did to explain POMO.

Ranch Chimp said...

Good Morning WD ... and Buenos Dias!

Thank You for the video link of your's and your You Tube channel, I didnt know you done video's, but the link you gave me is exactly how I think as far as the final "crash" thing ... I wrote so much about it throughout this jornal as far as the system of what I call the 3 entities crashing eventually, too much detail to get into here. But your point's in the vid are accurate in a humorous way ... as I say ... we are like bloody dog's chasing our tail's over this crap.

I visited your channel ... I had no idea you were with the songwriter's association Fort Worth(?) ... your face look's familiar ... as if I seen or met you before ... but you probably heard that from other's. But the vid on this was sraight up showing the mess were in ... Thanx Guy

I just woke up man ... fixin to cook up something, just havent figured out "what" yet.

an average patriot said...

Absolutely you will see $7 gas and eventually $10. The Koch Brothers and oth4ers need it to keep going up to as they think, guarantee Obama as a one termer. Word verification, grafter, right on!

Weaseldog said...

Raisin Bran Cereal and Shiner Bock go well together.

Weaseldog said...

Put milk in the cereal and drink the beer from the bottle. Don't pour the beer into the cereal. That doesn't work... :)

Weaseldog said...

Smeagol: And they doesn't taste very nice, does they, Precious?
Gollum: No. Not very nice at all, my love.

Ranch Chimp said...

Good Morning Jim(AP)!

Whoa!! ... $7 to $10 buck's as your speculation on gas/ petro at the pump(?) ... time for you Guy to buy some share's I reckon, unles you already have! :) I think if that does come, I will even have to ride DART more often! :)

Thanx for your input Guy ...

Ranch Chimp said...

Thanx fer the breakfast tip Jack / WMD(hope it's okay to call you Jack?) ... Bock is one of my fav's of Texas brew's of course, and I love Raisin Bran ... I just dont drink beer anymore at breakfast or smoe pot after I shower to start the day, at 55 year's old ... I waws planning something other like Huevo Ranchero's Guy ... a large glass of orange juice, ice cold bottle of water, and a Marlboro cigarette ... and I'm a happy man! :)

Thanx Guy ....