there has been a chain letter flitting it's way around teh intarwebs about how to lower gas prices. it states some stupid shit about not buying from exxon mobil or anything under that moniker. it makes no reference to abating use or demand. whatever, it's a retarded chain written by somebody who failed high school econ. you're stupid for believing it if you read it, and you're stupid for trying to enact what they say. if demand stays the same, and the supply isn't going to see a glut anytime soon, then your prices won't fall. the thing that pissed me off most was that during a news report today, some john q. public referenced this chain letter. i laughed, cuz, well, retards make me laugh.
but here's where i start getting pissed off: earnings statements for the first quarter are coming out this week. exxon mobil will announce thursday, BP has already, whatever. so, after the earnings statements come out, the news is all over them, "LOOK AT THE PROFITS THE EVIL OIL COMPANIES ARE POSTING"!!!! ok, fine, you need something to attract viewers, gas prices are high, and people are sheep. w00t. but, they're businesses. they're supposed to turn a profit. now, stop, and think about this for a second... what if any one of the top three oil companies actually posted a loss? personally, i don't want to see that day. that will be an ugly day. now, instead of getting all preachy and talking about shit that everybody should know, i'm simply going to point out some math:
this is going to be tailored to michigan, as it's the state i live in
crude oil/barrel...........$70.00 ($1.40/gal)
michigan state tax.........$0.19875/gal plus 6% sales tax
federal excise tax.........$0.184/gal
so right now, we have:
this price does not include the 6% sales tax. which if it did would put it at $1.89/gal. now, since i couldn't find any reliable sources as to the cost per gallon to refine crude i'm just going to pose a simple question: with gas prices in the area around $2.89/gal do you think you can refine, store, transport, pay your employees, and turn a profit for less than one dollar per gallon? well, actually to be really fair, less than $0.94 (we still need to add the sales tax on). i mean, gas stations run themselves right? there's no overhead, so owners shouldn't need to mark up the product at all right?
anyhow, for 1979, adjusted for inflation the average price per gallon was $2.93 and that was adjusted to 2000 dollars. this being 2006 that sum would be quite a bit higher pushing it over $3.00/gallon. blah blah blah blah. i'm sick of hearing people bitch and moan and blame the oil companies cuz they're teh evil. well, without them you'd be walking asshole. so either, drive less, or shut your cake hole.
for the record:
BP's first quarter report:.............$5.6 billion (-$1 billion from 2005)
Google's first quarter report:......$2.3 billion
Pfizer's first quarter report:........$4.1 billion
McDonalds first quarter report:..$5.1 billion
and some light reading if you want it:
in case you don't pay attention at the pump and want to see what your state is charging you per gallon
the study commissioned by the state of michigan in 2000 for gas prices, trends, etc. (pdf)
so anyhow, i'm tired now, it's 7am, and i am all preached out.