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-   Fellowship Hall (https://www.apostolicfriendsforum.com/forumdisplay.php?f=7)
-   -   The Scare (https://www.apostolicfriendsforum.com/showthread.php?t=38821)

ILG 03-05-2012 09:57 AM
The Scare
 
http://www.youtube.com/watch?v=So4JAizBiec

The Matt 03-05-2012 10:04 AM
Re: The Scare
 
Once you find out about what the oil companies actually pay for oil, (with production costs under 35 dollars per barrel) you kind of lose faith in America in general.

Timmy 03-05-2012 10:10 AM
Re: The Scare
 
Quote:
Originally Posted by The Matt (Post 1144485)
Once you find out about what the oil companies actually pay for oil, (with production costs under 35 dollars per barrel) you kind of lose faith in America in general.
What do they pay for oil, production, transportation to refineries, refinement, more transportation, overhead, marketing, etc.? What profit margin is acceptable?

The Matt 03-05-2012 10:12 AM
Re: The Scare
 
Quote:
Originally Posted by Timmy (Post 1144491)
What do they pay for oil, production, transportation to refineries, refinement, more transportation, overhead, marketing, etc.? What profit margin is acceptable?
I thought 99 cents a gallon was pretty darn acceptable. My grandfather thought filling his car up for 5 bucks was pretty acceptable too. Transportation to refineries: it's not like they have to pay for gas...

Timmy 03-05-2012 10:15 AM
Re: The Scare
 
Quote:
Originally Posted by The Matt (Post 1144492)
I thought 99 cents a gallon was pretty darn acceptable. My grandfather thought filling his car up for 5 bucks was pretty acceptable too. Transportation to refineries: it's not like they have to pay for gas...
BTW, I'm not saying $5/gal is acceptable. Just wondering what the numbers really are. But yeah, it would be great to see 99/gal again! :)

ILG 03-05-2012 10:16 AM
Re: The Scare
 
Quote:
Originally Posted by The Matt (Post 1144492)
I thought 99 cents a gallon was pretty darn acceptable. My grandfather thought filling his car up for 5 bucks was pretty acceptable too. Transportation to refineries: it's not like they have to pay for gas...
What was his yearly wage?

The Matt 03-05-2012 10:18 AM
Re: The Scare
 
Not sure, but he was doing pretty well, working offshore. But to Timmy...do you find the 400+% profit acceptable? Take into consideration that a normal retail store makes about a 60% profit per product.

The Matt 03-05-2012 10:20 AM
Re: The Scare
 
I completely understand inflation, and 5 dollars a tank would be unacceptable with what todays dollar is worth. But the dollar isn't so worthless that oil is worth 124 dollars a barrel.

ILG 03-05-2012 10:20 AM
Re: The Scare
 
Quote:
Originally Posted by The Matt (Post 1144497)
Not sure, but he was doing pretty well, working offshore. But to Timmy...do you find the 400+% profit acceptable? Take into consideration that a normal retail store makes about a 60% profit per product.
I think grocery stores make like 3%. It's not very good anyway.

AncientPaths 03-05-2012 10:24 AM
Quote:
Originally Posted by The Matt
Not sure, but he was doing pretty well, working offshore. But to Timmy...do you find the 400+% profit acceptable? Take into consideration that a normal retail store makes about a 60% profit per product.
Wow. Do you have any links to source data showing 400% profit?


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