Gas Price and 392 Price

[dblplay1212]

U.S. Oil and Gas Company's will not hold back on oil and gas production, that's a total misconception and fake news especially during high oil and natural gas price's. they have to make a profit off the money they invest. During high or low prices. Just like any commodity oil and gas prices will vary. Want cheap energy get ride of the current political nut jobs, they have caused the current energy situation. Wanna bitch about the cost of fuel talk to BRANDON.

lol at ignoring facts and yelling fake news. They've literally said what they are concerned about. They are care profits, that's it. If they can make more off less barrels at $200 a barrel, they are perfectly fine with that. They don't care about costs at the pump at all. None.

When asked about production targets for 2022 during a January earnings call, ExxonMobil CEO Darren Woods responded, "The primary objectives we've had in looking at the portfolio is less about volume and volume targets and more about the quality and profitability of the barrels that we're producing."

 

[dblplay1212]

Fwiw I'm not the one whining about gas prices. I knew what I was getting into when I bought my 392. My concern is way beyond just gas prices, it's the concerning trend of market leaders in several categories jacking prices to maximize profits and using the pandemic and supply chain as cover for that while they are producing the biggest profits they've ever had. Idk how you fix that but it's very concerning. Those top of the food chain corporations set the cost at the top and then its filtered down to everyone below them. That's the core of the current inflation.

 

[dgerb]

Fwiw I'm not the one whining about gas prices. I knew what I was getting into when I bought my 392. My concern is way beyond just gas prices, it's the concerning trend of market leaders in several categories jacking prices to maximize profits and using the pandemic and supply chain as cover for that while they are producing the biggest profits they've ever had. Idk how you fix that but it's very concerning. Those top of the food chain corporations set the cost at the top and then its filtered down to everyone below them. That's the core of the current inflation.

IMHO, You make it sound like U.S corporations set commodity prices. It's basically the global futures market that sets prices and futures prices are driven by perceived/actual availability of the commodity. Look at wheat or corn prices, they are strongly impacted by the invasion of Ukraine and Russian embargos Here at home, it's the relentless printing of dollars that's a strong component to inflation. Too many dollars chasing too few products. I would rather see high prices than NO product at all.....but that is starting to happen....we may have to park our 392's when no gas is available....it happened in the 70's....look it up....It's usually governments that distorts the free markets not business...

 

[jchrisbauer13]

IMHO, You make it sound like U.S corporations set commodity prices. It's basically the global futures market that sets prices and futures prices are driven by perceived/actual availability of the commodity. Look at wheat or corn prices, they are strongly impacted by the invasion of Ukraine and Russian embargos Here at home, it's the relentless printing of dollars that's a strong component to inflation. Too many dollars chasing too few products. I would rather see high prices than NO product at all.....but that is starting to happen....we may have to park our 392's when no gas is available....it happened in the 70's....look it up....It's usually governments that distorts the free markets not business...

exactly!!

 

[clickclickboom]

IMHO, You make it sound like U.S corporations set commodity prices. It's basically the global futures market that sets prices and futures prices are driven by perceived/actual availability of the commodity. Look at wheat or corn prices, they are strongly impacted by the invasion of Ukraine and Russian embargos Here at home, it's the relentless printing of dollars that's a strong component to inflation. Too many dollars chasing too few products. I would rather see high prices than NO product at all.....but that is starting to happen....we may have to park our 392's when no gas is available....it happened in the 70's....look it up....It's usually governments that distorts the free markets not business...

Perfect storm.

 

[dblplay1212]

IMHO, You make it sound like U.S corporations set commodity prices. It's basically the global futures market that sets prices and futures prices are driven by perceived/actual availability of the commodity. Look at wheat or corn prices, they are strongly impacted by the invasion of Ukraine and Russian embargos Here at home, it's the relentless printing of dollars that's a strong component to inflation. Too many dollars chasing too few products. I would rather see high prices than NO product at all.....but that is starting to happen....we may have to park our 392's when no gas is available....it happened in the 70's....look it up....It's usually governments that distorts the free markets not business...

If you don't see an issue with companies reporting record profits while prices are soaring, not sure we'll ever agree on the origin of the issue. It's odd to me that people like to look for things to blame other than corporate greed, even when numerous CEO's are on record about what's going on.

 

[zmpm01]

What Daren Wood at Exxon was talking about is high grading their portfolio with investments that make a higher return on invested dollars, that's just good business. Not cutting production to increase the price of oil. I'm not yelling fake news. Just calling BULL to a statement you make about oil companies cutting production to increase profit. I don't care if gas hits 10 dollars a gallon if puts the democraps out of office, cheap investment!

 

[dblplay1212]

What Daren Wood at Exxon was talking about is high grading their portfolio with investments that make a higher return on invested dollars, that's just good business. Not cutting production to increase the price of oil. I'm not yelling fake news. Just calling BULL to a statement you make about oil companies cutting production to increase profit. I don't care if gas hits 10 dollars a gallon if puts the democraps out of office, cheap investment!

They aren't cutting but they aren't willing to increase. He literally said its less about volume and more about profit per barrel. His words, not mine.

Democraps? Really? Thought we were having a mature back and forth. Guess we're done here. Should have stopped at the childish Brandon comment.

 

[dgerb]

If you don't see an issue with companies reporting record profits while prices are soaring, not sure we'll ever agree on the origin of the issue. It's odd to me that people like to look for things to blame other than corporate greed, even when numerous CEO's are on record about what's

They aren't cutting but they aren't willing to increase. He literally said its less about volume and more about profit per barrel. His words, not mine.

Democraps? Really? Thought we were having a mature back and forth. Guess we're done here. Should have stopped at the childish Brandon comment.

Did you know that the 5 largest oil and gas companies' 2020 revenues dropped by 30% ($500 Billion) despite $1 Trillion in sales.
The U.S Fossil fuel industry is absolutely hated by the Biden administration and his base. They would rather force the U.S to buy crude from murderous dictators. They are secretly elated by the price increase, thinking that would force people into electric vehicles. They want the industry gone to foster their green new dream. If you really don't like the companies that profit and produce the product for your 392 to run....why do you even have a 392 and not a 4Xe....wrong forum perhaps??

​

 

[zmpm01]

I did not mean to offend you, that was not my intention! So I guess we can agree to to disagree, And now back to the 392.. It's a beast worth feeding for the smiles per gallon..

 

[RugbyRef]

I'm guessing we don't have moderators in here?

 

[Viking Jeeper]

I'm guessing we don't have moderators in here?

I think we dont need them (in this case), seems everyone said a little bit and left it there.

 

[Proptrash]

I think we dont need them (in this case), seems everyone said a little bit and left it there.

Agree. Glad we don’t have speech police here. It was no big deal. I can afford to fill up, With my line of work it has has my car sitting for 3 or 4 days a week. My JK is a 2015 with only 36000 miles on it, and I bet it gets worse MPG than a 392. My worry is the long term with crude prices and spending 80k on a new car when maybe, maybe not, we have a financial collapse. I don’t know, but I have a bad feeling about it. That said, I learned from this thread. The 392 XR will probably hold good value in the future even during bad times. Maybe not…. but F it! I’m supposed to have it next week and it will be mine!

 

[dblplay1212]

Agree. Glad we don’t have speech police here. It was no big deal. I can afford to fill up, With my line of work it has has my car sitting for 3 or 4 days a week. My JK is a 2015 with only 36000 miles on it, and I bet it gets worse MPG than a 392. My worry is the long term with crude prices and spending 80k on a new car when maybe, maybe not, we have a financial collapse. I don’t know, but I have a bad feeling about it. That said, I learned from this thread. The 392 XR will probably hold good value in the future even during bad times. Maybe not…. but F it! I’m supposed to have it next week and it will be mine!

I'm in a similar situation. I certainly didn't buy the 392 for the gas mileage. I knew what I was getting into. I work from home and don't drive a ton so it doesn't affect me much. I can't imagine many are doing long commutes in a 392 but yea that would be tough.

 

[RKKRAWL]

The gas industry has always been guilty of price fixing and manipulation. They have 4 -6 months reserves in storage tanks, why when a refinery burns does the gas price immediately go up. When California had gas rationing and odd even days when you could purchase why did Arizona and New Mexico have gas wars at the same time? Maybe they will get what's coming to them with the electric vehicles but that's another set of major problems.

 

[Uncommon Sense]

The gas industry has always been guilty of price fixing and manipulation. They have 4 -6 months reserves in storage tanks, why when a refinery burns does the gas price immediately go up. When California had gas rationing and odd even days when you could purchase why did Arizona and New Mexico have gas wars at the same time? Maybe they will get what's coming to them with the electric vehicles but that's another set of major problems.

Oil is a commodity on a global market. Any threat to supply will increase prices in short term as traders speculate on future supply constraints. This is why something like oil refinery shutting down or weather can hurt prices in short term. Prices do rise faster than they fall though.

 

[dgerb]

Agree. Glad we don’t have speech police here. It was no big deal. I can afford to fill up, With my line of work it has has my car sitting for 3 or 4 days a week. My JK is a 2015 with only 36000 miles on it, and I bet it gets worse MPG than a 392. My worry is the long term with crude prices and spending 80k on a new car when maybe, maybe not, we have a financial collapse. I don’t know, but I have a bad feeling about it. That said, I learned from this thread. The 392 XR will probably hold good value in the future even during bad times. Maybe not…. but F it! I’m supposed to have it next week and it will be mine!

Agree, I don't feel real good about the financial situation either....things could un-wind real fast. Another worry is the leftist greenies doing a virtue shaming number on people owning "gas guzzlers" using the Covid vaccine platform as a template. They would say owning a "gas guzzler" is a public health danger because it contributes to climate change. I'm beginning to think maybe these series of world events have been planned all along. Who knows....

 

[dblplay1212]

Oil is a commodity on a global market. Any threat to supply will increase prices in short term as traders speculate on future supply constraints. This is why something like oil refinery shutting down or weather can hurt prices in short term. Prices do rise faster than they fall though.

Right, but there are massive amounts of reserves to fill in when there's a shortage from a storm or something like that.

 

[dblplay1212]

Agree, I don't feel real good about the financial situation either....things could un-wind real fast. Another worry is the leftist greenies doing a virtue shaming number on people owning "gas guzzlers" using the Covid vaccine platform as a template. They would say owning a "gas guzzler" is a public health danger because it contributes to climate change. I'm beginning to think maybe these series of world events have been planned all along. Who knows....

Good lord man, turn off OAN and Fox News.

 

[DarinFred]

Good lord man, turn off OAN and Fox News.

What’s your source of news? Be honest.