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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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49655625 No.49655625 [Reply] [Original]

Okay but seriously why the fuck is gas so expensive? Why are gas companies making record profits while Americans suffer?

>> No.49655638

The price of democracy in Ukraine

>> No.49655657

Because it’s easy to make people think it’s a “limited” resource.

>> No.49655668
File: 334 KB, 1860x1437, 1655174453179.jpg [View same] [iqdb] [saucenao] [google]
49655668

Putin, drumpf, covid, chuds, racism and hulk hogans fault

>> No.49655676

If you have to ask you'll forever be a goyim

>> No.49655689

>>49655625
because oil futures nigga

the price of commoditties is not based on offer/demand, but by jews pushing paper

welcome to kike world

>> No.49655699

it's called price gouging

>> No.49655711

J
>NWO captcha

>> No.49655712
File: 235 KB, 1516x752, 12341235342245.jpg [View same] [iqdb] [saucenao] [google]
49655712

WHEN DO I SHORT OIL FUTURES?

>> No.49655728

>>49655638

ukraine=jews

>> No.49655737
File: 146 KB, 507x458, 1644501965805.png [View same] [iqdb] [saucenao] [google]
49655737

>biden cuts off pipeline day one
>reducing supply
>woooooooow how can price increase

>> No.49655757

>>49655638
I NO LONGER CARE ABOUT UKRAINE
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>> No.49655772

>>49655625
Because americans have to buy gas to get to work and pay for food. It will keep going up until people start rioting.

>> No.49655782

they are robbing us to secure as much wealth as possible before the collapse and so that none of us can afford to prepare or organize any kind of resistance.

>> No.49655786

>>49655712
Would you buy oil futures now or short then? Gun to your head, go. There’s your answer 80% of the time

>> No.49655865

>>49655689
Why are companies like Exxon Mobile and Chevron posting record profits? Surely they could dial it back a bit for the sake of the consumer?

>> No.49655907

That's not how it works. The barrels are locked in and settled at a fixed price in the past. The cash changes hands when the futures contract is executed.

>> No.49655912

>>49655737
Still doesn't explain why oil companies are making record profits

>> No.49655929

>>49655865
>Surely they could dial it back a bit for the sake of the consumer?
That's the same shit sudaca presidents spew when inflation stars to kick in

>> No.49655961

>>49655912
Because oil is still a requirement for everything to keep functioning

>> No.49656011

>>49655912
The offer is fucked but the deman is higher than ever, and oil companies aren't charities, they don't want to lose even a single cent.

>> No.49656028
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49656028

>>49655625
I drive a Tesla. Not my problem lol

>> No.49656103

Large part of gas prices are perception, but stuff like this >>49655638 fuels the negative perception.

I remember an article awhile ago saying that even if prices were to raise 50 cents, that we should stop Putin. Like 90% of people wouldn't be for the war if they knew the fuller implications of that.

>> No.49656200

>>49655912
Adjusted for inflation a lot of companies are actually making less, but they are still making shit tons in profit don't get me wrong.

>> No.49657033

>>49655912
This. Making too much profit should be illegal when a crisis is happening. Its for the greater good.

>> No.49657122

>>49655625
Monopolization. Same as it ever was.

>> No.49658359

>>49655786
Short them I guess. You're right, thanks.

>> No.49658436

>>49657033
ahhh so you are a Fascist.

>> No.49658452

>>49655865
Record profits that aren't adjusted for inflation. They're basically just breaking even for the lost decade of the 2010s when Obongo tried to put them out of business. This is an inflationary issue caused by too much money printing that flooded an economic with limits to growth. That money has to go somewhere which is always higher prices by the goods and services that already exist in the economy. Oh yeah, they also fucked with the Russians and absolutely fucked up the entire market and there is no equilibrium to be found anytime soon.

>> No.49658549
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49658549

>>49658436
Yes. Nationalize all the oil companies faggot.

>> No.49658584

there is not one less car on the road.. traffic is still fucked.. people driving like a fukn asshole.. trucks literally everywhere.. no one is phased.. no one cares.. no one has changed their habits.

>> No.49658636

>>49658584
Isn't oil consumption lower than in 2019 before the pandemic, what the fuck are you talking about?

>> No.49658659

>>49655625
americans have never suffered bunch of pampered faggots

>> No.49658677
File: 1.29 MB, 3213x3086, Biden chads rise up.jpg [View same] [iqdb] [saucenao] [google]
49658677

I hate biden so much bros

>> No.49658699
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49658699

>> No.49658729
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49658729

>>49658549
>Nationalize
>you vil own nothing and be happy
cringe jew

>> No.49658735

>>49656028
A) no you don't. B) yes it is. Increased fuel cost drives up everything you buy and subsequently decreases production of other goods. C) your Tesla (that isn't actually yours) still uses a fuck ton of oil to produce.

>> No.49658746

>>49658584
Check the faces

>> No.49658762

>>49655782
unironically this
>>49655865
lmao

>> No.49658889

thoughts on devon and oxy? oil is going up.

>> No.49658934

>>49658729
Meds. Now.

>> No.49659048
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49659048

>>49655625
Futures locked in. hedgiesbergs leveraged out on crypto are exacerbating loans and are getting their monies back on the backs of hard-working burgers. biden likes collecting on said gas sales taxes and sees it as a wag the dog opportunity to ease environmental concerns. many such cases

>> No.49659093

>>49655625
https://barr.house.gov/_cache/files/1/7/17ec008b-f7ea-49e6-b614-ea9b4dd12d6f/16871653E745FF6D04D065F4E6DE8623.a-promise-kept-biden-s-war-on-energy-final-002-.pdf

Because Biden declared war on fossil fuels day one in office. Fun fact, 70% of groceries are delivered with diesel so he also drove up inflation as well

>> No.49659114

>>49655625
if you read the quarterly reports from the gas companies, you will find that their "record profits" are in areas not related to selling gasoline.

>> No.49659159

>>49655625
The US has been sending large amounts of its energy supply to Europe since the war started because the goobs shut themselves off from Russian gas.

>> No.49659166

>>49655638
This.
Fuck Putler.

>> No.49659198

>>49655912
>>49655865

anons replying to the above questions are completely missing the point. We are asking why oil companies are capable of making record profits. Responses to these questions seem to think we are asking how oil prices could go up--- it's obvious how they can with supply chain issues and sanctions. What I and these above questions are remarking on is how oil companies are making record PROFITS. They are not simply raising gas prices to cover higher overhead and costs, so they can continue to make the same margins of profit as before--- they are raising gas prices to cover those things AS WELL AS make record windfall profits. If people don't understand this distinction, think it through for a bit before replying

>> No.49659276
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49659276

>>49655668
hulkamania is at it again

>> No.49659388

>>49655912
SOME oil companies are making record profits, because there are other oil companies that failed due to many factors, including Russian/Ukraine war. Less players in the game means more for the remaining players

>> No.49659395

>>49655625
it's the Putin Price Hike
good thing our bro biden is stopping it from going even higher

>> No.49659409

>>49655676
this

>> No.49659429

>>49655625
>Operation costs increase 25% due to a variety of factors, including inflation compounding the costs along a long and complex supply chain
>Company wants to keep same margin and just raises every step along the way by 25% to compensate
>Year to date data shows revenue is 25% higher
>Record profits! Everyone cries
>But nothing actually changed except for shit being more expensive for the end user
There is your crash course in inflation

>> No.49659436

>>49655689
also this

>> No.49659461

>>49655625
I don't understand the relationship between corporations and Americans you seem to hint at.

>> No.49659497

>>49655865
>>49659198
Keep that talk up and America's going to come liberate you.

>> No.49659523

Why is gas so expensive? We aren't choose to ATHs in oil, but we're over ATHs at the pump

>> No.49659532
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49659532

Why are gas companies making record profits while Americans suffer?...

Fuck you, I'm paying $10.29 for 1 gallon of gas in this shithole country.

>> No.49659627

>>49655912
At the start of Covid oil prices dropped a lot the oil companies laid off quite a lot of people as well as stopped drilling, exploring new wells and R&D. Compound this with inflation reaching decades-long highs, the Biden administration making it more difficult to drill and finally the conflict in Ukraine (although oil prices were surging long before this happened and Biden tries to emphasize this far more than it deserves). Voila extremely expensive oil.

The biggest criticism of them would be that they didn't re-hire people and re-start drilling and R&D projects soon enough as we came out of the Covid recession; however remember that oil companies are by their very nature very conservative and risk-averse, they couldn't guarantee that demand would return and oil projects take months to years to complete.

>> No.49659672

>>49659532
goddamn what a repulsive bat

>> No.49659675

>>49655912
You dumb faggot, that's how they can afford to expand oil production. If you want to quote Venezuela-tier quips then why don't you go live in that shithole instead?

>> No.49659677

>>49655638
ukaine is one of the most corrupt countries on earth tho

>> No.49659781

>>49658549
Then they can give everyone a quota of fuel they can use each day. If you don't get vaccinated you get no fuel. If you want more fuel you can suck a few guys off

>> No.49659788

>>49659198
Margins are percentages, not fixed values, you retarded nigger faggot. Higher prices == higher profits

>> No.49659818

>>49655625
>Why are gas companies making record profits while Americans suffer?
Not enough Americans are angry enough for a full nationalization of American energy with dividends reinvested back to Americans directly. They have been cucked into accepting this for some "system" or reason

>> No.49659992

>>49656028
it's all energy prices going up, dumbfuck
oil is up, coal is up, natural gas is up, and the vast vast majority of electricity comes from those
add in all that shit you buy in stores is transported via diesel, so yes it's as much your problem as everyone else's

>> No.49660020

Gas is a global market. These companies are global. They can find a better price elsewhere.

Welcome to capitalism fag

>> No.49660031

>>49659818
Let's being the property seizure with all of your assets. Oh what's that, you don't have any? Guess you're now my slave.

>> No.49660158

>>49660031
>Let's being the property seizure with all of your assets.
Why do you fags always want to bring other assets or fields into this? Has nothing to do with the energy dilemma. You don't have to keep sucking oil cock because you enjoy these nice high prices

>> No.49660273

>>49655638
It has nothing to do with Ukraine. Certain orange retard imposed oil embargo on one of the biggest oil exportes, Iran. Since then the oil supply was just barely enough.

>> No.49660288

>>49660158
You're the one who advocated for property seizure by the government

>> No.49660311
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49660311

>>49657033
how about I make your life illegal (in self defense) for trying to violate the NAP

>> No.49660336

>>49659198
Profit = Income. Not profit margin. Are they selling more than ever?

>> No.49660338
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49660338

>>49660311
Based and checked

>> No.49660350

>>49660288
Which our government already does. So might as well use it for public good. It is either this option or trying to placate a vacant sieve neoliberal model that will lead to further actual radicalism that clearly neither of us want.

>> No.49660387
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49660387

>>49660350
>use it for public good
>he fell for the "government is here to help" meme

>> No.49660389

>>49655625
I wonder who could be behind all the world's evils

>> No.49660399

>>49655638
this and also kikes doing what they do best. make money by fucking over the common person. god i wish the holocaust really did happen.

>> No.49660401

>>49655668
So GamerGate caused all of this?

>> No.49660415
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49660415

Nuke this state please

>> No.49660455

>>49660387
nigger do you even populism? this isn't debate class with ronald reagan lmao. if you are in power and wish to maintain power, you nationalize the energy sector to placate the masses. nobody will give a fuck about the means, etc.

>> No.49660497

>>49660350
The current US govt would mismanage the existing oil companies and burn them into the ground, causing gas prices to quadruple. The government is not competent at running businesses, they're competent at rent extraction through regulations.

>> No.49660553

>>49660455
And then you wont be allowed to buy gasoline unless you agree with the party

>> No.49660571

How much profit does AAPL make? XOM? Apple absolutely trounces XOM. If you're going to nationalize something, go for the biggest profit.

>> No.49661011

>>49659677
It's true.
The Ukraine can be shit, and corrupt, and the Russian invasion still be morally wrong.

>> No.49661067
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49661067

>>49659672
Thanks, it's a rare ugly soibat.

>> No.49661098

>>49661011
Israelite or troll? Who set Ukraine's borders? Who installed Ukraine's president a few years back? Who wanted to extend NATO to Ukraine?

>> No.49661249

>>49655625
It will go as high as the goyim will bear. Repeat after me.

>It will go as high as the goy trash will bear and they will smile and pay us

>> No.49661377
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49661377

>>49655625
oil biz is cyclical.
if they expand like turbo retards when profits are good, then they get rekt and go bankrupt when things turn bad. which has happened before. plus ESG and green transition is scaring off investments and new blood. govt is actively hostile to their industry so they're avoiding risk and playing it safe.

tl;dr you made your bed. now sleep in it. enjoy your green transition.

>> No.49661526

>>49655625
>Why are gas companies making record profits while Americans suffer?
Because they can, now back to your wage cage.

>> No.49661715

>>49655638
Exactly. We must lower our quality of living by 3 times and self flagellate so our dirty Eastern Euro friends can be free under the rule of a comedian.

>> No.49662243

>>49659672
Imagine the sex though.

“How dare you” she says while you refuse to pull out

>> No.49662247

Funny, in Finland gallon is 11euros and also, if id work in usa my Wage would be 2,5x more

>> No.49662475
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49662475

>>49662243
Imagine indeed.

>> No.49662553
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49662553

>>49662243
please anon, i'm fasting. don't make me dry heave

>> No.49662577

>>49655638
This. Amerimutts decided they wanted a warmongering president after missing out for 4 years and here we are.

>> No.49662621

>>49660401
Gamers are behind everything, and hitler in argentina is driving them.

>> No.49662631

>>49662247
Yeah, you'll definitely drive more though. Buses and subways are either nonexistent or filled with the most offensively unruly dregs of society.

>> No.49662684

>>49655625
corporate greed. biden is the scapegoat but most americans are too stupid and brainwashed to understand

>> No.49662791
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49662791

>>49655912
>doesn't know what demand and supply is
This is the dumbest investment community i've ever seen.

>> No.49662798

>>49662631

im not sure what u mean but where i live i definetly cant use bus never ever. Only in big cities its smooth and u can catch a bus evwry 5minutes.

>> No.49662815

It's the price of living under jewish occupation.