What is Digg?Sponsored by Travelzoo
$52 and Up—Airlines Slash Fares On Peak Holiday Flights. view!
travelzoo.com - This year, waiting until the last minute is NOT the best strategy. See why.
25 Comments
- inactive, on 10/12/2007, -3/+5All you have to do is rent and watch 'Enron: The Smartest Guys in the Room' to see the ultimate end that these execs all strive for.
- fitzfan, on 10/12/2007, -0/+2No one just talks about the price of oil and picks it eash day. Its not like the executives are all meeting and talking about $100/barrel. Its a traded commoditie it isnt just going to go up to 100 because someone decides to raise the price. It trades and fluxuates like every other traded commodity.
- Paktu, on 10/12/2007, -2/+4I wish people would stop posting this crap. Yes, oil companies are posting record profits. They're also doing record amounts of exploration as a result.
http://www.signonsandiego.com/uniontrib/20051224/news_1b24oilhunt.html - famousdave, on 10/12/2007, -0/+2"I really feel for people in the southeast and middle states that have no other alternative than to drive everywhere."
I live in the middle states and as soon as gas prices started going through the roof I got a job closer to my house and bought a motorcycle, now I only have to fill up my car once every other month. Everyone has alternatives you just need to change your life style. - shanedn, on 10/12/2007, -1/+2$4.10, ouch! I paid roughly $3.00 to fill up last and I thought that hurt. I guess you canucks have to pay for your fancy healthcare system somehow ;)
- phoenixd, on 10/12/2007, -1/+2Seems that way... lol..
Today's high is 116.9 cents CAN a litre or...
102.6 cents US a litre
which is basically 410.4 cents US a gallon... How does that measure up? - KyleRayner, on 10/12/2007, -0/+1"No one just talks about the price of oil and picks it eash day. Its not like the executives are all meeting and talking about $100/barrel. Its a traded commoditie..."
On that note, isnt oil traded on a futures market? Meaning that the traders bet on the risk, or chance that the price may increase in the near future? Seems to me like a chance of sudden rise in price is built into every purchased barrel of oil. So, the price of oil goes up when things Might happen. However, when something Does happen, like Hurricane Katrina for example, the price goes up further? I dont get it.
When something does happen, the price should stay the same, until its time to purchase oil extracted and refined After the bad event happened. BUT, when things go sour, you see the prices rise at the petrol pump immediately. Even though that oil was previously purchased at a lower price, and purchased with a future of risk in mind.
I call bollocks. - KyleRayner, on 10/12/2007, -1/+2I heard from some friends over there that there was already talk of $100/barrel oil, meaning it could be the end of gas prices starting with a 3 for you guys. Especially after the rise in price the September holiday and the winter months will bring.
I really feel for people in the southeast and middle states that have no other alternative than to drive everywhere. I also own a vehicle that burns only premium petrol, which is high here yes, but its a luxury for me, I take it out on sunny weekends. - Equalizer, on 10/12/2007, -0/+1Sheesh, you libs really have your talking points down, don't you? Sorry, but Socialism has been tried and has failed; still, I welcome your departure to France where things are so much better. Please stay there, though, rather than come running back to the Capitalist-Pig U.S.
- justinshattuck, on 10/12/2007, -1/+2Kyle, I would be one of those poor unfortunate souls in the middle states that has zero options but to drive.. trust me, it f#cking sucks!
- justinshattuck, on 10/12/2007, -1/+2Memorial Day, Labor Day, Fourth of July, hell any holiday for that matter, its expected, and we allllll know it!
- EvilCheeseWedge, on 10/12/2007, -3/+3I'm going to post here what I did on that blog:
1. Why not figure out how much PROFIT they make instead of basing all this on their gross revenue? If they spent their entire gross revenue their employees (all of them, even the puppy-eating CEO's) will be paid $0 and every single one of their bills and all taxes will go unpaid.
2. Filling up all of CA's gas tanks is a nice thought, but it's stupid. First of all, if you're going to spend someone else's money for them in the name of giving back to the people, why not spend the money researching fossil fuel alternatives? Surely that would be more crippling to BP’s life-blood-sucking abilities and benefit even more people than just the residents of CA. Secondly, it’s just an easy answer to a hard question anyways. You can sit here and blame BP for gas prices all you want, but they are only part of the problem. If you’re worried about BP sucking the life blood from America, then you might consider the fact that the higher the prices rise, the more motivation we’ll have to find alternative fuels.
3. Assuming 34 million people, each needing 15 gallons of gas, with California’s national average gas price on 7/25/06 ($3.175) the total cost is slightly over $1.6 billion, not under. And by slightly, we’re talking $19.25 million over.
4. BP shouldn’t do anything they don’t want. In this country we have freedom. BP has the freedom to go into business for any reason they please. If they go into business to make money, they are totally free to, just as you are free to sit here and cry about it. If you don’t like it, then don’t buy it. Maybe even do something about it. And by do something, I mean something productive. Writing a whiny fact-ignoring blog entry does nothing. Since you’re so pressed to force other people to do “nice” things, why don’t YOU volunteer time or donate money to the Red Cross. Instead of spending time blogging, volunteer. Instead of spending money on your hosting, donate. - shanedn, on 10/12/2007, -1/+1I'm not sure, but I do know that the annual memorial day camping trip tends to cost more and more to get there and back :madface:
- shanedn, on 10/12/2007, -2/+2Do you guys have the same greedy oil corporations in Canada like we do in the US?
- shanedn, on 10/12/2007, -1/+1I know what you mean on the public transportation. WE should be the ones with the trains that go 300mph. Just imagine making a cross country commute in a train versus the outrageous cost of a airplane flight...
- stutter, on 10/12/2007, -1/+1I pay roughly 80-90 cents per litre (thats about 3.25 per gallon) Unfortunately I drive a car which requires 93 octane gasoline. Gas prices are outrageous, its not all the gasoline companies fault though. Its a mix of Bush sucking, war in the middle east, gas companies being greedy and STUPID, and public transportation sucking. i could ellaborate, then it'd be a whole blog entry so i won't bother.
- justinshattuck, on 10/12/2007, -1/+1I can relate, here we have almost zero public transporation, unless you use the public bus system, which sucks all on its own. I wish we had a metra, metro, train, tram, subway, ANYTHING, more taxis,... affordable taxis.. hehe
- phoenixd, on 10/12/2007, -2/+1A very interesting article... as Canadian Gas prices rise as well...so it is not just America that is having the marrow of life sucked from the country.
- justinshattuck, on 10/12/2007, -1/+0I'm not sure what the average cost of a flight is, however, I can testify that it has come down alot. It used to cost upwards of 800 to fly into Denver and now you can make it for around 500 from here.
pretty crazy, however, with the smaller airlines closing their doors like jet blue, independence air and those guys I think its made the bigger fish jump onboard with regional travel more. Not sure how much of an influence the travel industry has on gas prices, anyone have a clue? - justinshattuck, on 10/12/2007, -1/+0It was all they had available during research, 2003 isn't any numbers to go by, ***** happens..
- justinshattuck, on 10/12/2007, -1/+0fitz, ya think? lol
- justinshattuck, on 10/12/2007, -3/+2and I'll paste what I said in response:
EvilCheeseWedge,
I quoted the price by the national average, if you’re wishing to be absolutely meticulous about the subject as you have so proven to act as, try doing better math. The national average is $3.03 as of today. However, there are definately not 34 million people needing gasoline in California. That was a mere suggestion that, what-if. So using the same what-if technology, as we all love to do, what-if there were 34 million drivers in California?
To the first entry of your comment, superb, I agree. However, just as the media loves to do, we don’t always portray everything in absolute truth. But I did not lie. I don’t believe I did, I just didn’t give out all the details, its how the media works..
Do you send the same hate mail to USA Today? I appreciate your comments though, you’re another driving force of my attitude and gratitude towards this country, brahahah! Props! PEACE! - hackwrench, on 10/12/2007, -3/+1"They're also doing record amounts of exploration as a result."
No not as a result. We're talking margins here. They aren't taking the profits and using them to do exploration. Those costs are taken into account before the figure for profit is calculated.
However this particular story doesn't appear to be going on profit, so I flagged it inaccurate, though it does link to BP's profit statement...No, wait it's BP's "Summary group income statement " - justinshattuck, on 10/12/2007, -2/+0Currently in Oklahoma gas prices are around $2.75/gallon USD. WHen I was in Japan they were like 180Y per litre or so which is about 1.30$usd
- trideout, on 10/12/2007, -4/+0"holy mother of sweet Pete, gas is up again!" should read "HOLY ***** HELL, WHEN WILL IT ***** END"
© Digg Inc. 2009
— Content created and posted by Digg users is