Fuel prices

[johnjk]

Ouch. Remember these energy prices when you vote in a couple weeks

 

[jyoutz]

Yes, if you drive the price of oil up worldwide, the companies that have it make more money. That's why it is bad for the govt to do things that drive the price up which makes the fuel prices higher.

The best example is when congress authorized the export of US oil about 5 years ago. This subjected US prices to more world market prices.

 

[jyoutz]

Ouch. Remember these energy prices when you vote in a couple weeks View attachment 89269

We don’t vote for corporate board members.

 

[jimh406]

We don’t vote for corporate board members.

We don't need to. They just respond to what rules the govt makes.

 

[RDinNHandAZ]

We are in a time that corporate taxes set to 21% encourage excessive profits while they last. It is in the best interest of companies in extractive products to get them now while the demand is high and the taxes are relativly low. For a lot of history the maximum rate of the graduated taxes on corporate profits was about 50%. That had several effects some good for us all (lots of income to support the country) and some not so good (lack of incentive for huge profits) when growth was desired. Lowering the rate spurs the growth some say but the money does not go to the public and instead is retained by the investors and capitalists. Generally that is not you and I. I’m in favor of making adjustments to these rates to maximize the country’s needs and controlling the extracted resource. I’d suggest we have them a bit low right now.

 

[jimh406]

I’m in favor of making adjustments to these rates to maximize the country’s needs and controlling the extracted resource. I’d suggest we have them a bit low right now.

If you do a little research, you'll see that our country's tax rates for companies are not even as low as some of the other countries in the world.

However, even the "agreement" that was recently signed propose that all companies pay at least 15% which is lower than the US. The difference is tax breaks that are created for incentives just like the tax breaks that individuals get. You can agree or disagree with what the govt is trying to make the corporations do by incentives, but that's what is happening.

 

[D2Cat]

We don’t vote for corporate board members.

If you own some of the stock you can vote for officers.

 

[RDinNHandAZ]

If you do a little research, you'll see that our country's tax rates for companies are not even as low as some of the other countries in the world.

Thanks for your input.
I have, I know that. It was desperation on the part of many countries to come to SOME tax agreement as so many countries have been helpless to impose even that pitiful rate. It didn’t reflect what the G20 wanted but what they could get. Most countries have a GDP less than the profits of a good sized corporation.

 

[jyoutz]

If you own some of the stock you can vote for officers.

True, but I own S&P index funds.

 

[RCW]

Got the 100# propane topped off other day.

We’re market rate with just the 100# for cooking. Surprised me at $4.59/gallon. About $1++ over last fill.

Seems like diesel is up to $5.69. 87 octane $3.59.

 

[My Barn]

Great Lakes dropping here ~ Regular $3.539, Premium $4.199, Diesel $5.309

 

[jyoutz]

Great Lakes dropping here ~ Regular $3.539, Premium $4.199, Diesel $5.309

Dropping again where I live. Regular gas is $3.22. I haven’t bought diesel in a while.

 

[DustyRusty]

Perhaps going to a definitive source like like the US department of energy's energy information site.... Would give a more accurate view of the supplies. That said the USA currently produces more oil than it can refine. And that is truly where the problem with pricing is. Shifting some of the fuel used for transport to electric will help with the cost of gas and diesel. Because if there is less demand then you will see cheaper prices at the pump.

Weekly Petroleum Status Report - U.S. Energy Information Administration (EIA)

www.eia.gov

And what are we going to use to generate all the electricity for the electric vehicles? Solar and wind just aren't going to do it at their present levels.

 

[jyoutz]

And what are we going to use to generate all the electricity for the electric vehicles? Solar and wind just aren't going to do it at their present levels.

My state has pretty much transitioned from coal plants, with just 1 remaining (scheduled for decommissioning in 2024). Power is generated by a mix of natural gas turbines, solar, and wind farms.

 

[jimh406]

My state has pretty much transitioned from coal plants, with just 1 remaining (scheduled for decommissioning in 2024). Power is generated by a mix of natural gas turbines, solar, and wind farms.

That’s fine but what happens when all of the vehicles are electric?

 

[DustyRusty]

My state has pretty much transitioned from coal plants, with just 1 remaining (scheduled for decommissioning in 2024). Power is generated by a mix of natural gas turbines, solar, and wind farms.

You live in New Mexico where the population density is relatively low compared to New England. We need more electricity just to keep our lights on than you. The same goes for New York City, whose population is greater than all of New Mexico. What works in less populated centers isn't going to work in the more densely populated areas of the United States. Being close to a good natural gas supply area is ideal for gas turbines, but we don't have an oil well in New England. All of our energy needs to be brought in either by pipeline, trains, or trucks.

 

[jyoutz]

That’s fine but what happens when all of the vehicles are electric?

I think that’s going to be a challenge that will work well in some locations and not at all in others. My state has tremendous developed natural gas resources and can bring gas turbines online quickly to handle demand. But this isn’t the case everywhere. Technology will eventually provide solutions, but there would no doubt be lots of issues initially. I don’t see electric vehicles coming online all at once. Probably a slow transition over decades. My Dodge Cummins will still be running for another several hundred thousand miles.

 

[jyoutz]

You live in New Mexico where the population density is relatively low compared to New England. We need more electricity just to keep our lights on than you. The same goes for New York City, whose population is greater than all of New Mexico. What works in less populated centers isn't going to work in the more densely populated areas of the United States. Being close to a good natural gas supply area is ideal for gas turbines, but we don't have an oil well in New England. All of our energy needs to be brought in either by pipeline, trains, or trucks.

Absolutely. What works in some locations isn’t a silver bullet for everywhere. My state has abundant uranium resources, but is a poor candidate for nuclear power due to limited water resources. Your part of the country is ideal for some of the new nuclear technologies. Abundant water resources for cooling and high power demands. I know that nuclear has a black eye, but some of the new technologies are very interesting; especially the community sized plants that are being built in some European countries.

 

[bmblank]

Great Lakes dropping here ~ Regular $3.539, Premium $4.199, Diesel $5.309

Darn it, not where I am in Michigan. Ours is cheaper than the surrounding areas and I just paid 3.959 (with the Meijer card discount) yesterday. Filled up the 5gal diesel, too. That was 5.239 (I wonder why THAT is cheaper...)

 

[jimh406]

$5.34 for on road diesel. Regular gasoline was 3.98.