samhill wrote:As I said or at least implied it's time for big oil to take some action on their own, they no longer need subsidies IMO, they could & should use common sense & rehab refineries one at a time when possible, they should lead the charge to get rid of ethanol. As everyone they are profit oriented but there has to be a point where enough is enough, being in a business that produces what we can't do without stands in the way of all that. All in all back in my GTO days gas costs somewhere between 35 to 48 cents a gal. but my brand new 67 GTO rag-top with the 360HP & 4 speed was sticker priced at 37K & I got it for around 34. That fiver for gas was a lot harder to come by with the hourly pay in the 60s but they also didn't get the yield or sell all the bi-products from that barrel of oil. Those were the days that we are never going to see again & I think we have to resign ourselves to those facts, glad I hit those times in the time of my life that I did. All in all profits are profits & the amt. of pay used to go up with inflation but for a long time now only a very few have had that luxury.
You mean stickered at $3.7k I too am glad and feel fortunate that I experianced those days. We must of had some good khama along the way Sam!
I can remember when I was making $250 a week in the 60's and thought i was on top of the world, beause I was! Now a days I can't get out the grocery store without droping $50 and I only have a couple bags. Thinking about it, not only was fuel/gasoline something I never even thought about, but pharmacy drugs were cheap as dirt too. Hmmm, maybe they were setting us up for the way it is today! Give em a taste and they'll never want to live without it........
We are drilling more than ever thats true, but Obama doesn't ever mention it because he ran on more of a conservation platform. Goes against the PC grain but it's a neccesary "evil" in this time and place.