Gas.........

[smuckey41]

ya gas realy stinks right now but we did it to or selfs when we voted bush back in office. i have never voted in my life till this last election where i did not vote for bush. everybody was blinded by his terror threats all the time. the country was always in red alert or high alert. now that his term is almost up he needs to make all the money he can. i cant belive people can be so blind to whats going on in or own country. people are to worried about who is the next american idol or who is getting voted off the island. or even what celebs are braking up or having a baby or what ever. there better be a big change by the next pres. or america is in trouble. just my opion

[Stonewall2002]

OK, here we go again. I was going to keep my mouth shut, but because someone interjected politics into the matter I had to speak up. The high gas prices are not a result of some conspiracy cooked up by the oil companies. And, contrary to the opinion of Mr. "Smuckey", it is not some greedy attempt by the Bush administration to "make all the money he can". THE PRESIDENT, NOR THE CONGRESS, HAS ANY CONTROL OVER THE PRICE OF GAS, THEY DO HOWEVER CONTROL THE RATE AT WHICH IT IS TAXED AND REGULATE WHERE IT CAN BE DRILLED FOR DOMESTICALLY. And what is your beloved Democratic controlled congress doing? Not a darned thing except complain about the president. Why, because neither of them can do a thing.... is called a F-R-E-E M-A-R-K-E-T E-C-O-N-O-M-Y. I don't want them to be able to do anything about it, because if the can control them they can control us all.

While this may be hard for some of you to stomach here it is. The reason for the high price of gas is two fold. First and foremost it is the weakness of the dollar. The lower the value of the dollar the less buys. Secondly it IS a function of supply and demand. If we can drill for our own or convince OPEC (fat chance) to produce more crude oil, the price will drop.

The breakdown:
Barrel of Oil = $120.00 (50 gal)
# of gallons of gas per barrel = approx 35-40 (depending on grade)
$120.00/37.5 = $3.20 = + refining costs and transportation + state tax + .18 federal tax

So you can see that the profit (and heaven forbid the oil companies make a profit) is minimal. The reason for the large quarterly profits posted by the oil companies is the extremely high demand.

And what about the effect of the penalties on those profits proposed by our good friends on the left? Well... no company pays taxes. They simply pass that increase along to you and I, its that simple.

I realize that this hurts everyone, but right now there is nothing we can do except weather the storm. It is not the fault of any one president, congress, or party. The blame rests on all of our shoulders because for too long we have been dependant on foreign sources of oil instead of drilling for our own in conjunction with the development alternative fuel sources (not ethanol.... we have all seen the effect of that on food prices and supply). It cannot last for ever, eventually the dollar will rebound and, hopefully, we will drill for our own sources of oil.... caribou be damned.

I will now get down off of my soap box.

PLEASE MOVE THIS POST TO THE "OFF TOPIC DISCUSSION BOARD"

Keep on chuckin'

[birdstrike]

A temporary relief in the gas tax is one thing we do not want IMHO. Congress will need to get the money somewhere and will raise taxes to do it. Once the gas tax is re-instated, we get to keep all the tax increases that were meant to off-set it. A short time of savings = a lifetime of higher taxes. No thanks.

[markmac60]

The last time I went fishin (19-20Apr2008), I had to put $88 in my truck and $45 in my boat. I make a good living and have no complaints. I'm better off than most. However, since this is my only real hobby, and my golf scores lately can attest to that, fishin will happen it's just a matter of where. My favorites are C-River, C-Lake and Dale in that order. Being from Louisville, that's a full tank in my truck round trip. If it hits $4 a gallon (which is knocking at the door), that's $120 just for the truck. I see Ohio River and Southern Indiana in my future more consistently than in the past. I'm with 'wishniwasfishn', my 50HP 4-stroke is lookin better all the time. Bottom line, fishin just as much just closer to home. Unfortunately, the options locally are a far, far cry from the favorites listed above.

[jmwldcat]

sorry but you are wrong. a barrel of oil is 42 gals of which 51.4% is auto gas. it cost about 9 dollors from the drill to the end of the refinery. transportation cost is on the rise so that accounts for some of the other cost. oil company profits are listed at 7.3% but this is a hard crude profit not a refined profit which has risen to 324% over the last 30 months. refined profit in other words gas is where all the money is. on avg ashland made in profit about 6.2 billion a qtr and that is still moving.

OK, here we go again. I was going to keep my mouth shut, but because someone interjected politics into the matter I had to speak up. The high gas prices are not a result of some conspiracy cooked up by the oil companies. And, contrary to the opinion of Mr. "Smuckey", it is not some greedy attempt by the Bush administration to "make all the money he can". THE PRESIDENT, NOR THE CONGRESS, HAS ANY CONTROL OVER THE PRICE OF GAS, THEY DO HOWEVER CONTROL THE RATE AT WHICH IT IS TAXED AND REGULATE WHERE IT CAN BE DRILLED FOR DOMESTICALLY. And what is your beloved Democratic controlled congress doing? Not a darned thing except complain about the president. Why, because neither of them can do a thing.... is called a F-R-E-E M-A-R-K-E-T E-C-O-N-O-M-Y. I don't want them to be able to do anything about it, because if the can control them they can control us all.

While this may be hard for some of you to stomach here it is. The reason for the high price of gas is two fold. First and foremost it is the weakness of the dollar. The lower the value of the dollar the less buys. Secondly it IS a function of supply and demand. If we can drill for our own or convince OPEC (fat chance) to produce more crude oil, the price will drop.

The breakdown:
Barrel of Oil = $120.00 (50 gal)
# of gallons of gas per barrel = approx 35-40 (depending on grade)
$120.00/37.5 = $3.20 = + refining costs and transportation + state tax + .18 federal tax

So you can see that the profit (and heaven forbid the oil companies make a profit) is minimal. The reason for the large quarterly profits posted by the oil companies is the extremely high demand.

And what about the effect of the penalties on those profits proposed by our good friends on the left? Well... no company pays taxes. They simply pass that increase along to you and I, its that simple.

I realize that this hurts everyone, but right now there is nothing we can do except weather the storm. It is not the fault of any one president, congress, or party. The blame rests on all of our shoulders because for too long we have been dependant on foreign sources of oil instead of drilling for our own in conjunction with the development alternative fuel sources (not ethanol.... we have all seen the effect of that on food prices and supply). It cannot last for ever, eventually the dollar will rebound and, hopefully, we will drill for our own sources of oil.... caribou be damned.

I will now get down off of my soap box.

PLEASE MOVE THIS POST TO THE "OFF TOPIC DISCUSSION BOARD"

Keep on chuckin'

[HURRICANEBOB]

6.2 billion a qtr and that is still moving.[/QUOTE]


NOTE TO SELF:
a. Go to med school.
b. Become doctor.
c. When an exec from Ashland comes into the emergency ward, charge him 324 percent more for health care, critcal care or not.
d. If he can't pay it, tell him to park his butt on the curb, just like my van is doing.

Greed, is greed. I fully support free enterprize, it's the American way. So whenever and whereever I get to do business with Ashland, I will be sure to exercise the free enterprize sysem, and they will pay until their wallets bleed green. Fair is fair, and turn aout is fair play.

[Cheese]

I usually ignore posts charged with either politics or opinions but this one is too much to resist...

To answer the original question, I watch every gallon. Honestly though I always have. I used to go to Cumberland by myself whenever I got the chance. Now I have to talk myself into it unless I can get a buddy to go and split the costs. Sadly it is about an hour or more to most of the places I like to fish. I guess I will just have to learn to like going to Herrington more. If anybody figures out how to tow an 18' bass boat with a motorcycle, let me know. 50 mpg beats the heck out of 18 mpg.


Blaming the Pres for these oil prices is shortsighted and incorrect. I agree he is due some of the blame but Congress has much more power to regulate anything in this country than the Pres. In almost all cases, Congress has to pass a law to effect change. The Pres can make executive orders but those are extremely limited compared to the power of Congress to pass a law.

Supply and demand is a very large part of the high prices no matter what anyone wants to believe. Here in the US, we burn huge amounts of oil (and we will for many more years). Each year this amount increases due to new industrial demands and more and more drivers on the road. Further supply and demand is a world wide issue. China is now beyond the US in oil consumption. Better still, most of the Chinese people still do not use much oil. As their economy continues to grow and more of the Chinese get more income, they are going to also burn more and more oil. For all our lovely tree-hugging efforts to buy into the Global Warming hoax (my opinion), whatever decrease in demand we create, China, India, and all the other developing countries will make-up. To further restrict supply, we have not build a new refinery in 30 years. It is hard for me to fathom how we could continue to match the rising demand for gas in this country without any new facilities to produce it.

My suggestion is to increase OUR supply. Currently China is slant drilling off the coast of Cuba and taking oil from the Gulf Of Mexico that we should be gaining. I also have a big issue with the complete restriction of the ANWAR reserve to new drilling. If we would drill these untapped regions and restrict the oil to the US market only, our supply would go up and we could at least curtail the rise in the cost of oil for the US.

I suggest each of you write your Congressional representatives and encourage them to drill some more and possibly encourage one of those big bad oil companies to build a few new multi-billion dollar refineries.

[roadrunner]

Stonewall2002 is right on target I heard today an environmentalist complaining that New York was looking at taking off the state tax on gasoline and the environmentalist was saying we do not want cheap gas. We are finally getting people to stop driving. And making gas cheaper would be like giving alcohol to a drunkard. If we would just open Anwar for drilling and cut the red tape to build refineries the oil nations would raise oil production and that would drop oil price just to keep us from drilling new fields.

We need to produce oil domestically and when the price comes down we buy there oil and save ours.

[RoadToad]

I'm definitely taking the boat out less, and confining my bank-fishing more to Miles Park and Fisherman's, instead of adding another 30 or so miles to the round trip and going to Tom Wallace.

[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!!!!