Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (43028)	9/8/2005 3:42:11 PM
From: J.B.C.	Respond to of 93284

Not sure what your entire message means, we were not talking about govt and not sure what your inference there means. None-the-less. 1st, the point needs to be made that the cost of gas as related to crude oil and that price is set on a world market, not by the US. And that money goes to the producing group, usually a country such as Venezuala or Russia and makes up over 50% of the cost of gasoline that you buy. In the US, taxes, on average, add 18% to the cost. Then consideration needs to be made for the 22 blends that are required via your friendly environmentalist wacko. This is a logistical and costly adventure. So after cost of delivery, the margin allowed for the local wholeseller and retailer, the oil companies can control about 20% of the cost of a gallon of gas that you pay for. Next, Let's discuss where does an oil company like Shell stands in relation to other industries of earnings/ dollar of sales in 2005. Here's a snap shot of of groups (In Cents) Banks 19.6 Pharmacueticals 18.6 Software and Services 17.0 Semi's 14.6 Diversified Financials 12.2 Household & Pers. Products 11.3 Consumer services 10.9 Insurance 10.7 Telecom services 9.6 Food, Bev. and Tobacco 9.4 Real Estate 8.9 Materials 8.3 Health Care 8.3 All US Industry 7.9 Oil and Nat. Gas 7.6 Capital Goods 7.5 Technology hardware 7.2 Consumer durables and APPR. 6.6 Commercial services 6.2 Utilities 5.7 Media 4.6 Retailing 4.2 Transportation 2.2 Automobiles 1.1 So bottom line is AS's rhetoric about Bush's oil buddies gouging is nothing more than that.... rhetoric. It's no where close and quite in line. Jim