oil companies profitting... - Page 2 - Toyota Yaris Forums

why? · 08-03-2006, 12:36 PM

The oil companies don't set gas prices, at least it seems everyone here understands that.

ExxonMobil made 10 billion, more than half of that went back into exploration/refinement etc. Thats more than half their profit goes into earning more money.

I agree with the article, there is no excuse for the cafe limits to be as low as they are. And there is no excuse for Heavy Trucks/Semi's/Busses not to be in there as well.

We know manufacturers can make cars that get 60 mpg, we need to force them to bring them here.

bulldogs2k · 08-03-2006, 01:54 PM

I agree! Norfolk has a few electric/diesel hybrid busses running around town. They are really quiet too.

seriousfun · 08-04-2006, 11:55 AM

This is way beyond free-market supply and demand...

We as US taxpayers (I suppose the CANs and AUs do too, to some extent) pay billions each year in tax breaks to the oil companies. This brings their profit after exploration way up from the estimate cited.

We as consumers do make choices here, paying more by driving low-MPG vehicles, paying more for consumer goods, travel, etc. We also support oil companies directly - even if we can't afford individual stocks we have 401ks, IRAs, etc., and many of these invest in oil companies. I choose not to invest in companies that pay their executive like Exxon has, if possible. Simply enforcing current law (Sarbanes-Oxley etc.) might go far to correct many inequities.

Gasoline has become a utility. Few of us can get by without at least some of it. The oil companies do indeed set the retail price of gasoline by operating monopolistically. I wish I could raise my company's prices simply because the cost of my raw materials fluctuates, but I could only do this if all of my competitors do this concurrently, as happens in the oil industry. As a matter of national security, economic stability, etc., I believe we have to make a major change and tax 'n regulate gasoline as a utility.

If we are here, driving Yarii, we are all doing our part to help this situation (although I always wonder if we all drove the least-efficient vehicles that we could, used as much gas as we could, that we would actually deplete long-term supply to the extent that the auto makers would suddenly go to their closet and pull out those designs for 300 mpg cars...).

boxerboy · 08-08-2006, 03:57 PM

You want to see a gas shortage , then let the goverment set the price.

Kr0n1k · 08-08-2006, 08:44 PM

Imagine if we had the Yaris 10 years ago when gas was a $.99 USD a gallon. You could drive across the country with roughly $50 in gas. Now it would take probably more around $200 - $250 in gas. Ow...

08-03-2006, 12:36 PM	#19
why? Only Happy When it Rains View User's Garage Drives: Yaris LB Join Date: Jan 2006 Location: harnett county NC Posts: 4,097	The oil companies don't set gas prices, at least it seems everyone here understands that. ExxonMobil made 10 billion, more than half of that went back into exploration/refinement etc. Thats more than half their profit goes into earning more money. I agree with the article, there is no excuse for the cafe limits to be as low as they are. And there is no excuse for Heavy Trucks/Semi's/Busses not to be in there as well. We know manufacturers can make cars that get 60 mpg, we need to force them to bring them here. __________________ Colin Chapman disciple

08-08-2006, 03:57 PM	#22
boxerboy Drives: WRX ,Tacoma and Yaris Join Date: Apr 2006 Location: North Carolina Posts: 206	You want to see a gas shortage , then let the goverment set the price. __________________ "PERCEPTION IS SELECTION"

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08-03-2006, 01:54 PM	#20
bulldogs2k Drives: '00 s2000, 2007 yaris hatch Join Date: Jul 2006 Location: Va Beach Posts: 124	I agree! Norfolk has a few electric/diesel hybrid busses running around town. They are really quiet too.

08-04-2006, 11:55 AM	#21
seriousfun View User's Garage Drives: 2007 Yaris Liftback Black Join Date: May 2006 Location: SoCal Posts: 63	This is way beyond free-market supply and demand... We as US taxpayers (I suppose the CANs and AUs do too, to some extent) pay billions each year in tax breaks to the oil companies. This brings their profit after exploration way up from the estimate cited. We as consumers do make choices here, paying more by driving low-MPG vehicles, paying more for consumer goods, travel, etc. We also support oil companies directly - even if we can't afford individual stocks we have 401ks, IRAs, etc., and many of these invest in oil companies. I choose not to invest in companies that pay their executive like Exxon has, if possible. Simply enforcing current law (Sarbanes-Oxley etc.) might go far to correct many inequities. Gasoline has become a utility. Few of us can get by without at least some of it. The oil companies do indeed set the retail price of gasoline by operating monopolistically. I wish I could raise my company's prices simply because the cost of my raw materials fluctuates, but I could only do this if all of my competitors do this concurrently, as happens in the oil industry. As a matter of national security, economic stability, etc., I believe we have to make a major change and tax 'n regulate gasoline as a utility. If we are here, driving Yarii, we are all doing our part to help this situation (although I always wonder if we all drove the least-efficient vehicles that we could, used as much gas as we could, that we would actually deplete long-term supply to the extent that the auto makers would suddenly go to their closet and pull out those designs for 300 mpg cars...).

08-08-2006, 08:44 PM	#23
Kr0n1k Drives: AE101 Prizm('07 Yaris 3DR TBA) Join Date: Jul 2006 Location: Rochester, NY Posts: 55	Imagine if we had the Yaris 10 years ago when gas was a $.99 USD a gallon. You could drive across the country with roughly $50 in gas. Now it would take probably more around $200 - $250 in gas. Ow...