Gas Prices!

[WRC]

Got this in my e-mail....... not a bad idea.

Join the resistance!!!!


I hear we are going to hit close to $3.00 a gallon by the summer Want gasoline prices to come down? We need to take some intelligent, united action.
Phillip Hollsworth, offered this good idea: This makes MUCH MORE SENSE than the "don't buy gas on a certain day" campaign that was going around last April or May!
The oil companies just laughed at that because they knew we wouldn't continue to "hurt" ourselves by refusing to buy gas. It was more of an inconvenience to us than it was a problem for them. BUT, whoever thought of this idea, has come up with a plan that can really work. Please read it and join with us!

By now you're probably thinking gasoline priced at about $1.50 is super cheap. Me too! It is currently $1.97 for regular unleaded in some towns.

Now that the oil companies and the OPEC nations have conditioned us to think that the cost of a gallon of gas is CHEAP at $1.50- $1.75, we need to take aggressive action to teach them that BUYERS control the marketplace....not sellers. With the price of
gasoline going up more each day, we consumers need to take action. The only way we are going to see the price of gas come down is if we hit someone in the pocketbook by not purchasing their gas! And we can do that WITHOUT hurting ourselves. How? Since we all rely on our cars, we can't just stop buying gas. But we CAN have an impact on gas prices if we all act together to force a price war.

Here's the idea:
For the rest of this year, DON"T purchase ANY gasoline
from the two biggest companies (which now are one), EXXON and MOBIL. If they are not selling any gas, they will be inclined to reduce their prices. If they reduce their prices, the other companies will have to follow suit.
But to have an impact, we need to reach literally million! s of Exxon and Mobil gas buyers. It's really simple to do!! Now, don't whimp out on me at this point...keep reading and I'll explain how simple it is to reach millions of people!!
I am sending this note to about thirty people. If each of you send it to at least ten more (30 x 10 = 300)... and those 300 send it to at least ten more (300 x 10 = 3,000) ... and so on, by the time the message reaches the sixth generation of people, we will have reached over THREE MILLION consumers! If those three million get excited and pass this on to ten friends each, then 30 million people will have been contacted! If it goes one level further, you guessed it..... THREE HUNDRED MILLION PEOPLE!!! Again,all You have to do is send this to 10 people. That's all. (If you don't understand how we can reach 300 million and all you have to do is send this to 10 people.... well, let's face it, you just aren't a mathematician. But I am... so trust me on this one.)

How long would all that take? If each of us sends this email out to ten more people within one day of receipt, all 300 MILLION people could conceivably be contacted within the next 8 days!!! I'll bet you didn't think you and I had that much potential, did you! Acting together we can make a difference. If this makes sense to you, please pass this message on.
PLEASE HOLD OUT UNTIL THEY LOWER THEIR PRICES
TO THE $1.30 RANGE AND
KEEP THEM DOWN. THIS CAN REALLY WORK.


Sean</font color=red>

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[choppekx]

What gas stations do exxon and mobile own. I am sure they own parts of other companies especially since I rarely see exxon or mobiles anymore. Are they in with Shell, Cheveron-Texaco, Arco, Dimond, 76, . e.t.c.? I thought that I heard that exxon owned Cheveron, but I honestly have no idea.

Chris

[tkr]

I'm pretty sure Mobil and BP are the same.

Matt Nelson
Team Kwik Racing

[BradM]

BP/Amoco an Arco had a merger pending government approval due to a monopoly on the North Slope of Alaska at Prudhoe Bay if the deal went through. I believe Arco sold their interest on the slope to Marathon preserve the deal. Exxon/Mobil are the same. Chevron/Texaco are the same. I believe Shell was involved in a merger as well but I can't remember with whom.

All this crap about consumers manipulating the gas prices by boycots is BS. If you want to complain about the price of fuel start with the state of California. If our gasoline taxes weren't so exorbitant, our gas prices would be much lower.

[Kritter]

I may eat my words but gas will NOT go to 3 bucks a gallon this summer. Ask any legitimate economist.

Kris

"A signature always reveals a man's character -- and sometimes even his name. "

[JrSyko]

I agree Kris. No way will it go to three dollars a gallon. If it does, we will eat our words together!

[Waldo]

Gas has the possiblity to go even higher than that depending on the consumption of the consumer. Look what happened in the 70's (I was a mere toddler but still remember history), nobody saw it coming and it happened.

OPEC decided not to allow more production of oil even though consumption has gone up. This will and has affected the gas prices.

NEVER SAY NEVER!

BRAAAAAAAAP!

[BradM]

I don't buy into that philosophy. The strategists and economists have been claiming for over a year that there exists a huge surplus of oil and gas (natural gas) but no one can actually point it out or identify it. It has to do with proving their theories about the market fluctuations. I think it is all BS and now the reality is starting to sink in that there is no surplus. I know first hand that natural gas storage levels in the US are way down and oil is being produced as fast a economically feasible. What we really need is to open up offshore drilling again and to continue to pursue exploration in the Artic National Wildlife Refuge in Alaska. A compromise can be achieved where the resources can be exploited and the environment can be cared for at the same time. We have to cut our dependence on foriegn oil. Otherwise, the impending conflicts in the Mid East will just make things worse.

I don't see gas prices hitting $3 thi year but I think it will continue to rise for a while. I look for long term prices to stabilize at or near $2.

[JrSyko]

The price of gas is inelastic, however, at a certain point it fails to become economically feasible for the consumer (and I'm not talking about Joe Blow filling up his car, I'm talking about the airlines industry, the government, huge corporations with large fleets of cars) to use. At which point the government is forced to step in and either increase consumption of the U.S. reserves, or force some kind of deal with OPEC. Currently, three a gallon is not economically feasible for an economy in a recession as is ours. The airline industry would be crippled!

[Kritter]

From NYT

"The London benchmark Brent crude oil rose 58 cents to $23.91 a barrel Monday, while U.S. light, sweet crude jumped 48 cents to close at $24.32 a barrel. But gasoline inventories remain robust and above average, according to the American Petroleum Institute. John Felmy, chief economist for the Washington-based trade group, said the stockpiles of conventional -- versus special summer grade -- gasoline are at 117.4 million barrels, compared with the 113.4 million barrels the nation had on hand a year ago.

The Organization of Petroleum Exporting Countries, which produces 40 percent of the world's oil, began cutting crude-oil production in January. The 11-member cartel is scheduled to meet Friday in Vienna to discuss what to do about future production.

In the United States, the summer driving season officially begins in May, on Memorial Day weekend, and industry observers say prices are likely to level off before then because supply is expected to increase. Domestic refineries say they are gearing up production of special summer-grade gasoline that is used in many cities, including those in metro Detroit, between June and September.

"Once you get closer to the first week of May, refiners are building their stocks to meet the summer driving season," said Gheit. "So barring the derailment of the economy's recovery, I think the prices at the pump will stay close to their current levels.""

AS long as we don't piss of Sadam we should be ok.



Kris

"A signature always reveals a man's character -- and sometimes even his name. "