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Gas Prices

  • gotta agree but couldnt do the same thing at my job - too far to drive and have way to many calls to make on companies ; really cool that you have gone to that extreme to make a difference , congrats

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    shoeless7777

  • stoptothink said...

    I ride my bike everyday unless it is absolutely pouring rain. Between gym/work/school I ride anywhere from 10-50 miles per day. I work in a corporate setting where I have to wear slacks and a tie, my co-workers get kick out of seeing me walk into my office everyday in spandex. Since the first of the year I've spent a total of about $40 on gas and made about $400 in paid mileage from work.

    I started doing it not necessarily because of rising gas prices, but just to see if I could do it. The logistics of carrying everything in a single backpack and having to change multiple times has been a challenge, but it has been easier overall than I thought.

    Plus you'll probably live twenty years longer than the rest of us.

    Unless you get run over by an ass who drives 20K a year.

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    Looks like another perfect day.

    Under Review

  • probably right as i take a couple of spin classes and its pretty tough but nothing like actual riding on the streets , wow some of the drivers out there are scary as hell

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    shoeless7777

  • stoptothink said...

    I ride my bike everyday unless it is absolutely pouring rain. Between gym/work/school I ride anywhere from 10-50 miles per day. I work in a corporate setting where I have to wear slacks and a tie, my co-workers get kick out of seeing me walk into my office everyday in spandex. Since the first of the year I've spent a total of about $40 on gas and made about $400 in paid mileage from work.

    I started doing it not necessarily because of rising gas prices, but just to see if I could do it. The logistics of carrying everything in a single backpack and having to change multiple times has been a challenge, but it has been easier overall than I thought.

    That's pretty impressive. I ride the bus and carpool for the most part plus I'm in school, so I don't spend very much on gas as it is (maybe $30/month) so it's not a big deal for me. However with how much you travel, that is financially awesome.

    PSUfan28 ●

  • Under Review said...

    Plus you'll probably live twenty years longer than the rest of us.

    Unless you get run over by an ass who drives 20K a year.

    I rode at least 3k miles a year for the past 6-7yrs before I started riding to work. I have been hit twice, both times on purpose(and within the last 2 years) by some redneck who thought they'd be funny and use their 5,000lbs truck as a weapon by driving in the bike lane. Luckily neither time was I hurt. One of the times I somehow managed to stay up and caught up to the guy at the next stop light, rode up on his driver's side and motioned for him to roll down his window. When he realized I wasn't your typical scrawny 150lbs cyclist, he gassed it through a red light.

    I've lived in Los Angeles, Salt Lake City, and now Houston the last 7 years so I'm riding in very congested metropolitan areas.

    stoptothink

  • stoptothink said...

    I rode at least 3k miles a year for the past 6-7yrs before I started riding to work. I have been hit twice, both times on purpose(and within the last 2 years) by some redneck who thought they'd be funny and use their 5,000lbs truck as a weapon by driving in the bike lane. Luckily neither time was I hurt. One of the times I somehow managed to stay up and caught up to the guy at the next stop light, rode up on his driver's side and motioned for him to roll down his window. When he realized I wasn't your typical scrawny 150lbs cyclist, he gassed it through a red light.

    I've lived in Los Angeles, Salt Lake City, and now Houston the last 7 years so I'm riding in very congested metropolitan areas.

    You're right not all bikers are scrawny. I used to coach with a guy who rode 30 - 40 miles a day and was a bouncer at night. He wasn't tall but he was a tough sob.

    One time a guy swerved at him knocking him off his bike. He jumped up bleeding and chased the guy down. He beat the crap out of him and when the cops arrived they arrested the guy because a witness backed up my buddy about the initial assault.

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    Looks like another perfect day.

    Under Review

  • The price of horses, oxen and camels is gonna go through the roof

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    I dream of a day when chickens can cross the road without having their motives questioned.

    Gfortress5 ●

  • I wonder what would happen IF our government stepped in an regulated the gas prices.

    I don't think it would ever happen, as our gov't thrives on the profits (aka tax revenue) they get from ExMo and others, but it would be interesting to see how OPEC would shite itself on such a move.

    WRobins

  • WRobins said...

    I wonder what would happen IF our government stepped in an regulated the gas prices.

    I don't think it would ever happen, as our gov't thrives on the profits (aka tax revenue) they get from ExMo and others, but it would be interesting to see how OPEC would shite itself on such a move.

    Regulated them in what way? At what level?

    bear2saban

  • bear2saban said...

    Regulated them in what way? At what level?

    Not sure how they would even attack that monster (how and where they would regulate it), but maybe it would help solve the issues. I can think of a Trillion more ways this would benefit our economy more than bailing out failing car manufacturers.

    WRobins

  • Gfortress5 said...

    The price of horses, oxen and camels is gonna go through the roof

    biggrin

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    shoeless7777

  • WRobins said...

    Not sure how they would even attack that monster (how and where they would regulate it), but maybe it would help solve the issues. I can think of a Trillion more ways this would benefit our economy more than bailing out failing car manufacturers.

    No. There's just no way. The only way to do it would be to tell private companies who want to do business in the US that they aren't allowed to pay more than $X per barrel of oil and that would definitely do much more harm to the average American than good.

    As for the government not having an incentive due to taxes, that's incorrect too. A vast majority of taxes are collected on a per gallon sold basis so even if companies decided to make if free, the government would still get its money. I'm fact, the cheaper gas is, the more money the government would rake in.

    bear2saban

  • WRobins said...

    Not sure how they would even attack that monster (how and where they would regulate it), but maybe it would help solve the issues. I can think of a Trillion more ways this would benefit our economy more than bailing out failing car manufacturers.

    Jumping in at the end of this thread with no idea what I'm talking about, but.... what if the taxes on fuel were in brackets similar to the income tax, so that fuel at X/barrel is taxed at the "normal" rate, but a large percentage of whatever is paid over X is the tax, in order to disincentivize paying more?

    I'd love to see alternative fuels develop, and as long as we cater to big oil, it seems to me that is less likely to happen.

    FSULaura

  • FSULaura said...

    Jumping in at the end of this thread with no idea what I'm talking about, but.... what if the taxes on fuel were in brackets similar to the income tax, so that fuel at X/barrel is taxed at the "normal" rate, but a large percentage of whatever is paid over X is the tax, in order to disincentivize paying more?

    I'd love to see alternative fuels develop, and as long as we cater to big oil, it seems to me that is less likely to happen.

    Not sure I follow. So who pays this higher tax when oil reaches $X/barrel?

    bear2saban

  • bear2saban said...

    Not sure I follow. So who pays this higher tax when oil reaches $X/barrel?

    It would have to be structured so that it couldn't be passed on to the consumer, and I don't know if that's even possible.

    FSULaura

  • FSULaura said...

    It would have to be structured so that it couldn't be passed on to the consumer, and I don't know if that's even possible.

    Not without shutting the oil companies down, it isn't. They operate with razor thin profit margins. There's no room to absorb costs without passing them on.

    bear2saban

  • bear2saban said...

    Not sure I follow. So who pays this higher tax when oil reaches $X/barrel?

    People who drive over 20K miles a year?

    They seem to have disposable income.

    signature image

    Looks like another perfect day.

    Under Review

  • bear2saban said...

    They operate with razor thin profit margins.

    Really?

    FSULaura

  • FSULaura said...

    Really?

    Yep.

    bear2saban

  • Under Review said...

    People who drive over 20K miles a year?

    They seem to have disposable income.

    That's your answer to everything...tax the ones who made good life choices.

    This post was edited by bear2saban on 3/20/2012 at 2:32 PM

    bear2saban

  • FSULaura said...

    Really?

    That is after they have paid taxes,pay down debt,dividends or re-invest. If you look at pure profits,they are not "razor-thin".

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    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba ●

  • BamaLivesFootba said...

    That is after they have paid taxes,pay down debt,dividends or re-invest. If you look at pure profits,they are not "razor-thin".

    Bullsheet.

    In the first quarter of 2011, Exxon had the balls to bring in $114 billion in revenue. Of that, $77.1 billion (67.6%) went to expenses excluding taxes and duties, $26.2 billion (23.0%) went to taxes and duties, while only $10.7 billion (9.4%) was left over for reinvestment and dividends. Not many investors are going to accept returns lower than that in an industry with so much risk. That's well below what would be considered reasonable. If you think they could increase that $26.2 billion in taxes and duties at the expense of the $10.7 billion in earnings, you're as ignorant and irrational as I've been accusing you of being for two days now. That's the very definition of "razor thin margins".

    bear2saban

  • bear2saban said...

    Bullsheet.

    In the first quarter of 2011, Exxon had the balls to bring in $114 billion in revenue. Of that, $77.1 billion (67.6%) went to expenses excluding taxes and duties, $26.2 billion (23.0%) went to taxes and duties, while only $10.7 billion (9.4%) was left over for reinvestment and dividends. Not many investors are going to accept returns lower than that in an industry with so much risk. That's well below what would be considered reasonable. If you think they could increase that $26.2 billion in taxes and duties at the expense of the $10.7 billion in earnings, you're as ignorant and irrational as I've been accusing you of being for two days now. That's the very definition of "razor thin margins".

    Not sure where you are getting your numbers,but they are not what Exxon has reported.

    This post was edited by BamaLivesFootba on 3/20/2012 at 2:58 PM

    Gas prices and industry earnings: A few things to think about the next time you fill up | ExxonMobil's Perspectives Blog

    ExxonMobil's Perspectives blog offers views on issues, policies, technologies and trends that are shaping the energy industry

    www.exxonmobilperspectives.com
    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba ●

  • Or from this.

    Exxon Mobil Corporation Income Statement - Annual (XOM)

    http://ycharts.com/financials/XOM/income_statement/quarterly

    ycharts.com
    signature image signature image signature image

    "A political call, the fall guy accord...We can't afford to be neutral on a moving train..."

    BamaLivesFootba ●

  • Actually, they are exactly what Exxon reported for that quarter. Leave it to some liberal to try to dismiss facts as unimportant.

    bear2saban

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