5.00 dollar a gallon gas is the new 4.00 dollar a gallon gas says the news media

[Wanabee FTer]

Sure is a nice day here in sunny Southern California

[Ramblin]

Well, I have learned a LOT about this topic and gained a lot of insight from this thread, particularly from RustyJC, who seems to be well educated on the subject. If it is about to be shut down, thanks to all who participated.

[Dixieray53]

I was going to make a comment .. actually deleted it After reading the whole thread .. my work here is done... ..
Peace D

[palehorse89]

Most of the big south coastal refinerys are not home (usa) based oil companys, so if they want to export such a large amount of finished product out of USA and create a shortage with the end result of rising pump prices.....put a high export tax on every gallon that goes out of our country. If those refinerys want to supply china and other high paying countrys with finished products, move! someone will always buy thier old refinery and operate it.

[RustyJC]

Originally Posted by palehorse89

Most of the big south coastal refinerys are not home (usa) based oil companys, so if they want to export such a large amount of finished product out of USA and create a shortage with the end result of rising pump prices.....put a high export tax on every gallon that goes out of our country.

I'm sure companies such as ExxonMobil (Irving, TX) and Valero (San Antonio, TX) would be surprised to know that they're not U.S. corporations.

It doesn't matter where the corporate headquarters are located, a publicly traded corporation is going to sell its product where it can get the best price for it since their obligation to their shareholders is to maximize earnings and dividends. As I said earlier, the market for refined products is global - the supply will go where the demand exists, whether that's the U.S. for gasoline or Europe and the developing countries for diesel fuel.

As far as export and import tariffs are concerned, our membership in the WTO (World Trade Organization) aside from the basic economic impact of artificial government restraints on free markets pretty much makes that a non-starter. When we impose tariffs, our trading partners justifiably retaliate with tariffs and restrictions of their own.

Rusty

[palehorse89]

Originally Posted by RustyJC

I'm sure companies such as ExxonMobil (Irving, TX) and Valero (San Antonio, TX) would be surprised to know that they're not U.S. corporations.

It doesn't matter where the corporate headquarters are located, a publicly traded corporation is going to sell its product where it can get the best price for it since their obligation to their shareholders is to maximize earnings and dividends. As I said earlier, the market for refined products is global - the supply will go where the demand exists, whether that's the U.S. for gasoline or Europe and the developing countries for diesel fuel.

As far as export and import tariffs are concerned, our membership in the WTO (World Trade Organization) aside from the basic economic impact of artificial government restraints on free markets pretty much makes that a non-starter. When we impose tariffs, our trading partners justifiably retaliate with tariffs and restrictions of their own.

Rusty

It doesn't matter where the corporate headquarters are located??????????
WOW?????? THIS IS THE PROBLEM!!! as far as those companys being surprised that they are not usa companys......... I do not think there is any surprise going on here. free trade....... time to end it and start taking care of our country! rusty, over your life so far don't you see a bad trend in our country??????We import more than we export (other than finished petroleum) our country is in trouble, maybe we will wait till we are in the same boat as Iceland and greece and others

[RustyJC]

Originally Posted by palehorse89

...free trade....... time to end it and start taking care of our country! rusty, over your life so far don't you see a bad trend in our country??????We import more than we export (other than finished petroleum) our country is in trouble, maybe we will wait till we are in the same boat as Iceland and greece and others

We're getting into a completely different discussion here as far as reasons for our balance of trade imbalance, the exodus of manufacturing jobs (and products) from the U.S. to other countries and the resultant need to import the finished products, etc. Although periphially related, it really deserves its own thread if you'd care to start one rather than to hijack the OP's thread with such an off-topic discussion.

Rusty

[palehorse89]

5.00 dollar a gallon gas is the new 4.00 dollar a gallon gas says the news media

I do not understand how my comments is
'hijacking this thread"
the thread was about why gas is $5.00 per gallon Rusty?

[RustyJC]

Look at your quote in post #77 above. Discussing the advantages and disadvantages of global free trade and balance of trade problems in general is a far shot from discussing fuel prices (although, as I said, they're periphially related). If you want to broaden the discussion, take your shot, but I'm not going to disrespect the OP.

And you don't need to address me in bold, large, red typeface. I can read the standard Verdana 2 that's the preferred forum typeface with no problem, despite my advanced age.

Rusty

[palehorse89]

Originally Posted by RustyJC

Look at your quote in post #77 above. Discussing the advantages and disadvantages of global free trade and balance of trade problems in general is a far shot from discussing fuel prices (although, as I said, they're periphially related). If you want to broaden the discussion, take your shot, but I'm not going to disrespect the OP.

And you don't need to address me in bold, large, red typeface. I can read the standard Verdana 2 that's the preferred forum typeface with no problem, despite my advanced age.

Rusty

No disrespect intended, when I copyed and pasted the thread letter head that was the color it pasted in and it just followed the paste in red. no bold just in red. sorry if I offended you

[RJay]

It's a pleasure to see adults working thru a misunderstanding.

[Wanabee FTer]

It's another beautiful day in southern California today

Darn, it's hard to stay on topic on this tight wire thread

[R1Kirby]

Simple...$175.00 per barrel of oil........$175.00 per bushel of grain....

[CLIFFTALL]

Originally Posted by R1Kirby

Simple...$175.00 per barrel of oil........$175.00 per bushel of grain....

I think we have a winner.