Gas.........

[stratosjoe]

If it gets high enough we could always nukem or sell them wheat and corn and rice for $5oo.00 a bushel.....or we could go to the real root of the problem GREED with the oil companies processing and delivering it to us in the first place. +

[apextrail]

If it gets high enough we could always nukem or sell them wheat and corn and rice for $5oo.00 a bushel.....or we could go to the real root of the problem GREED with the oil companies processing and delivering it to us in the first place. +

Cant sell them corn or wheat because congress mandated a large chunk of corn and grains to be set aside for bio fuel (ethanol) production. Read somewhere that because of that and last years drought, we will be lucky to have those commodities available for food in coming years. As a result the price of those commodities (even rice) has increased 300 percent. Supply and demand !

[ukkid]

George Bush And His Whole Family Have Been In The Oil Business For Generations!! All You Bush Voters Should Have Thought About That When You Voted The Idiot Into Office. His Family Is Most Certainly Making A Killing Off Of Oil Right Now!!!!

[TimE]

George Bush And His Whole Family Have Been In The Oil Business For Generations!! All You Bush Voters Should Have Thought About That When You Voted The Idiot Into Office. His Family Is Most Certainly Making A Killing Off Of Oil Right Now!!!!

LOL, kids say the funniest things.

[DJD]

Gas prices and food prices have changed everything. I am more careful on my choices at the store and when I fish. I drive slower on the road and water to help and I think it does. Gonna start walking the creeks again...

[smuckey41]

sorry if i up set anybody eather way if who ever is at fault something needs to be done about and by the way i am not herting for money i can go fish where i want but with 4 kids its hard to do that. so make it $50.00 a gal. i dont care i am just looking out for the average hard working man that nobody cares about. because the working man is working to pay for gas to go to work. i may not be cought up in all the political stuff and did not know that making a coment about the pres. would start this much contraversy. all i know is what I see and we had never had high gas prices till bush was command. and comming from the oil buisness it smells kinda fishey to me.

[WacoWildcat]

Saw on the news last night. Record breaking profits for BP and Shell in the first quarter. This maybe because of the higher demand but were talking billions here.

[GeoFisher]

Guys............While the oil companies are making RECORD profits, these profits are BASED on volume..........LOTS of VOLUME......Their average profit margin is about 7%. Don't believe me........look at their PUBLIC records. EVERY company files a stockholders report, and these are public.

NOW compare the OIL Companies with pretty much ANY OTHER INDUSTRY, and they are a BARGAIN by comparison. Places like Wal-Mart, K-Mart, Kroger, Marsh SuperMarkets, Big O, Ford, Chevy, etc, etc, etc....ALL have profit Margin HIGHER. SOME are approaching 20%.

SO......while oil is EXPENSIVE, it is a relative bargain compared to others.

Later,

Geo

[Fishin_4_Fun]

Saw on the news last night. Record breaking profits for BP and Shell in the first quarter. This maybe because of the higher demand but were talking billions here.

BP

Market Cap (intraday)5: 229.56B

Profitability
Profit Margin (ttm): 7.33%
Operating Margin (ttm): 9.48%

Management Effectiveness
Return on Assets (ttm): 7.43%
Return on Equity (ttm): 23.38%

When you have ~1/3 Trillion dollar company, you better be making billions. The news always just reports the total record breaking profits, which is not the total picture. Reporting that BP made 7.43% return on assets, just doesn't have the same effect.

If I told you I made $100,000 last year, you really shouldn't have any idea whether I did good or bad, without knowing how much I have tied up in the business. If I had the same profit margin BP did, I would have to have $1.345 Million tied up in the business, to make that $100,000. Go try to get a $1.345 mil loan at the bank and show them your business plan that you can make $100,000 per year, and see what they say.

[Stonewall2002]

sorry if i up set anybody eather way if who ever is at fault something needs to be done about and by the way i am not herting for money i can go fish where i want but with 4 kids its hard to do that. so make it $50.00 a gal. i dont care i am just looking out for the average hard working man that nobody cares about. because the working man is working to pay for gas to go to work. i may not be cought up in all the political stuff and did not know that making a coment about the pres. would start this much contraversy. all i know is what I see and we had never had high gas prices till bush was command. and comming from the oil buisness it smells kinda fishey to me.

Actually the price paid for gas durring the oil embargo if the 70's was almost $5.00, when adjusted for inflation. While the price we pay today is high, it has nowhere the impact on the economy it had back then.... we still managed to grow the economy during the last quarter ( .06%... not great, but atleast its growth). Just be glad there is no rationing and lines at the pump..... now that would put a damper on my fishing.
Take care and no hard fealings....

Keep on chuckin'

[biggw]

Ouch on the gas prices--Hard on a guy that stopped working lol-IM going to have to get a motorcycle and put some rod racks on it and go to Cedar creek and fish from the bank--Now if i can get those big pet fish of mine to come from that deep water ill be OK---GL to us all

[NedFlanders]

Record profits by gas/oil companies every report..............I myself would not mind paying more if it was needed..........But with record profits by everyone involved we know it is just to make more money..........There have been no new us refineries built since the 70's..............tree huggers and enviornmentalist whack jobs keep the red tape so thick not even bill gates would waste his money trying to cut thru it..........one of the last companies that tried spent 5 or 6 years in court trying to clear the red tape and just gave up..............