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Old 05-02-2007, 09:29 AM   #31 (permalink)
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I'm still confused why people complain. It's funny how most people do not know everything that goes into pricing. I know i don't, and yes the prices are rising, but i don't think it is ONLY about making a larger profit.

And with all good comes bad. If we started drilling our own soil might that only be a band aid for the situation?
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Old 05-02-2007, 09:32 AM   #32 (permalink)
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Quote:
Originally Posted by bzbatl
However, I will disagree with you on one thing F&D - CEOs are not worth anywhere near what they're paid. Contrary to the belief of their shareholders, C-level execs don't shit gold. We're the only country in the world that treats our C-level executives like that - and it's just plain wrong that C-level execs make 531 times what their average employees make (with the exception of those that started their own companies and remained chairmen).

I'm supposedly on the career track for these types of positions - and I don't know if I could accept any of them... I'm simply just opposed to the way that the folks that actually do the work are treated in comparison. And I certainly wouldn't make any friends if I were a VP of a large corporation - I'd fire a ton of dead weight
Take the money and be happy, and just sit back and keep your thoughts to yourself.
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Old 05-02-2007, 09:33 AM   #33 (permalink)
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No, how do you figure that's a band-aid? The majority of our oil is from foreign sources. How is it a band-aid to have less reliance on foreign commodities?

And I wish I could, but this goddamned Jiminy Cricket guy guides my business ethics.
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Old 05-02-2007, 09:45 AM   #34 (permalink)
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Quote:
Originally Posted by bzbatl
And I wish I could, but this goddamned Jiminy Cricket guy guides my business ethics.
Business ethics? Isn't that an oxymoron?
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Old 05-02-2007, 09:57 AM   #35 (permalink)
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Heh, well, it's a lost principle, kind of like personal responsibility.

I run my businesses while making ethical decisions. I charge a fair amount and overproduce. That's how I generate repeat business and many times folks tip me.

The only thing I do practice that might be considered a little unethical is that I set higher rates for business I don't typically want, but will "deal with" since the price is right. I'm pretty honest about it, though, and the folks that just want me to do the job don't really care about the price.

You know the type of customer you'll be dealing with based on how long it takes them to ask about price.
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Old 05-02-2007, 11:30 AM   #36 (permalink)
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Quote:
Originally Posted by bzbatl
No, how do you figure that's a band-aid? The majority of our oil is from foreign sources. How is it a band-aid to have less reliance on foreign commodities?

And I wish I could, but this goddamned Jiminy Cricket guy guides my business ethics.
A band aid b/c eventually it will run out. Now i do not know the time frame our when. What if we use our oil run out and the mid-west is still going? As i said i am not in the BIZ so i do not know everything.

So should i assume you are only thinking about your wallet now and maybe not 3 generations down the line from you?
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Old 05-02-2007, 11:37 AM   #37 (permalink)
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Don't delete this thread!! If you pass it on to 25 people in the next 5 minutes something wonderful will happen. It works I promise, I have a friend who works at Exxon and he passed this along and received a bonus check the next day for $50k.
If you delete this without passing it on, you will have 10 years of bad luck
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Old 05-02-2007, 11:50 AM   #38 (permalink)
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Quote:
Originally Posted by bassholic
A band aid b/c eventually it will run out.
No. I've read estimates that the potential sites for drilling would have more oil than Saudi Arabia - which if you knew, is the biggest producer of oil, maybe next to Russia.

Also, that same idea could be applied to anyone else anywhere else. Therefore, that line of logic does not work.
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Old 05-02-2007, 11:55 AM   #39 (permalink)
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Interesting indeed.... Imagine what it will be like when we find alternative fuels to use rather than fossil fuels. The middle east will lose their only bargaining chip.
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Old 05-02-2007, 12:07 PM   #40 (permalink)
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Quote:
Originally Posted by Giannirides
This is a ridiculous idea it will not work and everyone who bitches about gas prices needs to take a look at inflation over the years and how much here in America are saved from this on gas prices. Look at prices in other countries; we pay much less. Also take a look at how much you are willing to pay for a 16 oz. bottle of water and you say the price of gas is high.
Hmmm. Let's take a look at other countries' mean pump prices (US $ equiv.)

Venezuela, $0.12
Nigeria, $0.38
Egypt, $0.65

http://money.cnn.com/pf/features/lis...bal_gasprices/
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Old 05-02-2007, 12:08 PM   #41 (permalink)
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Quote:
Originally Posted by EEfz6
Business ethics? Isn't that an oxymoron?
That's a common misconception. Usually propegated by the ignorant though.
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Old 05-02-2007, 12:15 PM   #42 (permalink)
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some one mentioned Canada paying for gas by the liter..
yup it's called the metric system,
apperantly everybody on earth uses it except america
I think it's 4.5L per gallon?


yesterday gas shot up to 1.09 a liter for reg (or $4.90p/gallon)...for no reason at all!
was at 1.04 the day before. there were media stories about gas last night ..
and early this moring it was back down to 1.05 p/L. ...?


When prices get stupid I buy less and i'll buy less daily.
I'll drive till my low fuel light comes on & then only buy $20
hopefully other people are incensed too & also buy less; equaling lower profits.
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Old 05-02-2007, 12:21 PM   #43 (permalink)
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Quote:
Originally Posted by bzbatl
It's amazing the myths that propagate so easily throughout the US.

Some truths for you all:

- One day boycotts do nothing. Supply and demand are not affected by a one day boycott - gasoline consumption is global.

- Boycotts of one company or another do nothing - most gasoline is regional and comes from the same refineries (which are owned by guess who?)

- Less than 30% of our oil comes from the Middle East. The Middle East turmoil has nothing to do with OUR gas prices. Fact: Canada is our largest foreign oil provider.

- We still, by far, have some of the cheapest gasoline in the world. The Canucks pay for their own gasoline by the liter.

- This is the hardest point to get through idiots' heads, because of the huge number when you look at amount of profit: Oil companies make a minuscule profit margin. That means it's not a very good business to be in, because you don't make that much profit compared to what you spend. It's around or less than 10% profit margin.

In comparison, this is a list of good businesses:

http://www.boston.com/business/globe...rofitable.html


However, I will disagree with you on one thing F&D - CEOs are not worth anywhere near what they're paid. Contrary to the belief of their shareholders, C-level execs don't shit gold. We're the only country in the world that treats our C-level executives like that - and it's just plain wrong that C-level execs make 531 times what their average employees make (with the exception of those that started their own companies and remained chairmen).

I'm supposedly on the career track for these types of positions - and I don't know if I could accept any of them... I'm simply just opposed to the way that the folks that actually do the work are treated in comparison. And I certainly wouldn't make any friends if I were a VP of a large corporation - I'd fire a ton of dead weight

Well if it makes you guys feel any better Canada sells most of it's oil to the States and then we end up paying more at the pumps. Out west right now there are places paying $1.28/liter, here we're paying $1.10.

If you ask me, and I know you didn't, it's not just the price of gas that sucks it's the fact that it will go from .97/liter one day and the next it goes to 1.10.

The fact is unless you can get by without it, you're going to buy it at whatever price it is.
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Old 05-02-2007, 12:22 PM   #44 (permalink)
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I think only a few posters on this thread pinned the problem down. It's simply supply and demand. The market makers are infinitely more powerful than the price takers. There are few firms, there are few alternatives, there's market colluision (illegal in US, but internationally acceptable, e.g. OPEC).

Consumers can drive down costs by doing a few things. Lower demand for thier products and find alternatives. It's just that simple. But perhaps more difficult to actually implement in aggregate.
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Old 05-02-2007, 01:05 PM   #45 (permalink)
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Quote:
Originally Posted by 750rider
some one mentioned Canada paying for gas by the liter..
yup it's called the metric system,
apperantly everybody on earth uses it except america
I think it's 4.5L per gallon?


yesterday gas shot up to 1.09 a liter for reg (or $4.90p/gallon)...for no reason at all!
was at 1.04 the day before. there were media stories about gas last night ..
and early this moring it was back down to 1.05 p/L. ...?


When prices get stupid I buy less and i'll buy less daily.
I'll drive till my low fuel light comes on & then only buy $20
hopefully other people are incensed too & also buy less; equaling lower profits.
That was the point of me mentioning the liter. It's used to be the same for a liter in Canada as it is for our gallon. It's still substantially higher.
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