NO to Enbridge

[badss]

Ya field guy telling control room all is good, control room resetting and alarm not clearing. Tried that a few times before the field guy figured out what was going on. Control room guy loses his job...one of those things where heads gotta roll i guess. Very unfortunate for a single income family with two little girls.

WOW !!!!! Not good....

 

[LID]

I was told yesterday that the dudes over in alot of the arab countries that have oil and make there gas sell there gas dirt heap at the pumps in tehre own countries. I'm not sure what all the factors are involved in that but sure wish we actually produced more of what we need and use fuel wise.. .

In these countries the oil, refineries, and the oil companies are all government owned. They subsidize the cost of gasoline by selling to their own country at cheaper rates than what they can sell elsewhere.

eg: Saudi's sell oil to the US at $120/barrel, then mark-up at private refinery, then mark-up at the pump = $4.00/gallon gas.

Saudi's give oil to their own refinery for basically free, refine it at cost, and sell it at cost = $0.45/gallon gas (or whatever they pay).

So they are kind of selling to themselves at a loss in all the Arab countries, but they don't care since they print money by selling to us, and if they jack prices on gas, food, etc, they have revolutions like you see right now, so they have to keep it cheap.

 

[Bogger]

The only discrepancy on oil/gas/fuel prices are taxes and transport.

Oil is priced on the global market and costs the same for anyone to buy (with the exception of arab countries who will discount for local sale)... refining the crude is supposed to be a competitive industry so refining costs should be self regulated by the consumer, buy for value. unfortunately rather than the big oil companies working as competitiors they seem to work as conspiritors working together to fix market pricing. 3% profit my azz



then there is TAXES... 1/3 of what we pay at the pump is tax, so @ $1.30L, $0.39 is tax.. as well some municipalities charge an excise tax on top and then there is GST/PST/HST

Canada

Fuel taxes in Canada can vary greatly between locales. On average, about one-third of the total price of gas at the pump is tax. Excise taxes on gasoline and diesel are collected both federal and provincial governments, as well as by some select municipalities (Montreal, Vancouver, and Victoria); with combined excise taxes varying from 16.2 ¢/L (73.6 ¢/imperial gal; 61.2 ¢/US gal) in the Yukon to 30.5 ¢/L ($1.386/imperial gal; $1.153/US gal) in Vancouver. As well, the federal government and some provincial governments (Newfoundland and Labrador, Nova Scotia, and Quebec) collect sales tax (GST and PST) on top of the retail price and the excise taxes.[7]

United States

State Diesel Taxes, April 2009
Fuel taxes in the United States vary by state. The United States federal excise tax on gasoline, as of February 2011, is 18.4 cents per gallon (4.86 ¢/L) and 24.4 cents per gallon (6.45 ¢/L) for diesel fuel. In January 2011, motor gasoline taxes averaged 48.1 cents per gallon (12.71 ¢/L) and diesel fuel taxes averaged 53.1 cents per gallon (14.03 ¢/L).[8] For the first quarter of 2009, the mean state gasoline tax is 27.2 cents per US gallon, plus 18.4 cents per US gallon federal tax making the total 45.6 cents per US gallon (12.0 ¢/L). For diesel, the mean state tax is 26.6 cents per US gallon plus an additional 24.4 cents per US gallon federal tax making the total 50.8 cents US per gallon (13.4 ¢/L).[9] There are also a few states that charge sales tax on top of the excise taxes and the retail price. The states that have a tax on their fuel, impose a tax on commercial drivers that travel through their state, even if the fuel is not purchased in that state. The paper work for this taxed on a quarterly basis and filed somewhat like a federal tax return that is done yearly. Most commercial truck drivers have an agent fill out the paper work.[citation needed] The driver calls in their information, the agent figures out how much tax should be paid to each state, then the agent faxes the forms to the driver and they are required to carry the papers with them along with their travel log books.

 

[what_next]

The only discrepancy on oil/gas/fuel prices are taxes and transport.

Oil is priced on the global market and costs the same for anyone to buy (with the exception of arab countries who will discount for local sale)... refining the crude is supposed to be a competitive industry so refining costs should be self regulated by the consumer, buy for value. unfortunately rather than the big oil companies working as competitiors they seem to work as conspiritors working together to fix market pricing. 3% profit my azz

View attachment 91230

then there is TAXES... 1/3 of what we pay at the pump is tax, so @ $1.30L, $0.39 is tax.. as well some municipalities charge an excise tax on top and then there is GST/PST/HST

Canada

Fuel taxes in Canada can vary greatly between locales. On average, about one-third of the total price of gas at the pump is tax. Excise taxes on gasoline and diesel are collected both federal and provincial governments, as well as by some select municipalities (Montreal, Vancouver, and Victoria); with combined excise taxes varying from 16.2 ¢/L (73.6 ¢/imperial gal; 61.2 ¢/US gal) in the Yukon to 30.5 ¢/L ($1.386/imperial gal; $1.153/US gal) in Vancouver. As well, the federal government and some provincial governments (Newfoundland and Labrador, Nova Scotia, and Quebec) collect sales tax (GST and PST) on top of the retail price and the excise taxes.[7]

United States

State Diesel Taxes, April 2009
Fuel taxes in the United States vary by state. The United States federal excise tax on gasoline, as of February 2011, is 18.4 cents per gallon (4.86 ¢/L) and 24.4 cents per gallon (6.45 ¢/L) for diesel fuel. In January 2011, motor gasoline taxes averaged 48.1 cents per gallon (12.71 ¢/L) and diesel fuel taxes averaged 53.1 cents per gallon (14.03 ¢/L).[8] For the first quarter of 2009, the mean state gasoline tax is 27.2 cents per US gallon, plus 18.4 cents per US gallon federal tax making the total 45.6 cents per US gallon (12.0 ¢/L). For diesel, the mean state tax is 26.6 cents per US gallon plus an additional 24.4 cents per US gallon federal tax making the total 50.8 cents US per gallon (13.4 ¢/L).[9] There are also a few states that charge sales tax on top of the excise taxes and the retail price. The states that have a tax on their fuel, impose a tax on commercial drivers that travel through their state, even if the fuel is not purchased in that state. The paper work for this taxed on a quarterly basis and filed somewhat like a federal tax return that is done yearly. Most commercial truck drivers have an agent fill out the paper work.[citation needed] The driver calls in their information, the agent figures out how much tax should be paid to each state, then the agent faxes the forms to the driver and they are required to carry the papers with them along with their travel log books.

you're pie chart is FAWKED
3% profit..... sure if you cant do math lol

 

[glengine]

The profit reports for the first quarter of this year from enerplus which is a calgary based company was 29.5 million dollars. And the big 5 oil companies from the states recording a 30 billiuon dollar profit in the first quarter of the year.

Just like the analysts say back in 2008 when we were paying about 1.40-1.50/L for fuel the price of oil was at about 150.00/barrel and now we are paying almost the same for fuel and yet oil is only at 105.00/barrell. How does that work with your pie chart??

As far as i'm concerned and how it looks to me we the consumer are just gettin bent over and screwed by the oil companies because they feel that they can. And yet they get big tax breaks.. As far as i'm concerned they shouldn't be getting any tax breaks at all. Especially when they are recording MASSIVE profits.

 

[eclipse1966]

The only discrepancy on oil/gas/fuel prices are taxes and transport.

Oil is priced on the global market and costs the same for anyone to buy (with the exception of arab countries who will discount for local sale)... refining the crude is supposed to be a competitive industry so refining costs should be self regulated by the consumer, buy for value. unfortunately rather than the big oil companies working as competitiors they seem to work as conspiritors working together to fix market pricing. 3% profit my azz

View attachment 91230

then there is TAXES... 1/3 of what we pay at the pump is tax, so @ $1.30L, $0.39 is tax.. as well some municipalities charge an excise tax on top and then there is GST/PST/HST

Canada

Fuel taxes in Canada can vary greatly between locales. On average, about one-third of the total price of gas at the pump is tax. Excise taxes on gasoline and diesel are collected both federal and provincial governments, as well as by some select municipalities (Montreal, Vancouver, and Victoria); with combined excise taxes varying from 16.2 ¢/L (73.6 ¢/imperial gal; 61.2 ¢/US gal) in the Yukon to 30.5 ¢/L ($1.386/imperial gal; $1.153/US gal) in Vancouver. As well, the federal government and some provincial governments (Newfoundland and Labrador, Nova Scotia, and Quebec) collect sales tax (GST and PST) on top of the retail price and the excise taxes.[7]

United States

State Diesel Taxes, April 2009
Fuel taxes in the United States vary by state. The United States federal excise tax on gasoline, as of February 2011, is 18.4 cents per gallon (4.86 ¢/L) and 24.4 cents per gallon (6.45 ¢/L) for diesel fuel. In January 2011, motor gasoline taxes averaged 48.1 cents per gallon (12.71 ¢/L) and diesel fuel taxes averaged 53.1 cents per gallon (14.03 ¢/L).[8] For the first quarter of 2009, the mean state gasoline tax is 27.2 cents per US gallon, plus 18.4 cents per US gallon federal tax making the total 45.6 cents per US gallon (12.0 ¢/L). For diesel, the mean state tax is 26.6 cents per US gallon plus an additional 24.4 cents per US gallon federal tax making the total 50.8 cents US per gallon (13.4 ¢/L).[9] There are also a few states that charge sales tax on top of the excise taxes and the retail price. The states that have a tax on their fuel, impose a tax on commercial drivers that travel through their state, even if the fuel is not purchased in that state. The paper work for this taxed on a quarterly basis and filed somewhat like a federal tax return that is done yearly. Most commercial truck drivers have an agent fill out the paper work.[citation needed] The driver calls in their information, the agent figures out how much tax should be paid to each state, then the agent faxes the forms to the driver and they are required to carry the papers with them along with their travel log books.

I would like to know where they get the 3% profit figure??? Take a look at this article. Exxon reported a NET profit for the Q1 at $10.7 billion on $114 billion in sales. That is approx 9.5% net profit on their sales. So when they make this nice little pie chart it makes it sound like the poor oil company is not making very much. I am sure there are many companies that would like to make a 9.5% gross profit let alone net profit.

Exxon Mobil First-Quarter Profit Rises as Oil Demand Fuels Price Increases - Bloomberg

Either way, if government wanted to do something about it they would have done it a long time ago. This is just one more way of keeping us sheep herded the way they want it.

 

[Bogger]

for the record I take no responsibility for that pie chart, simply copied & pasted from petro-canada.....

I don't know what the number is but the profit is the same in all countries the only diference in purchase pump price is tax and transportation...

I'm not defenting the oil companies just trying to include the government in the bashing....

 

[Bogger]

Exons argument to that will be that they are involved in many areas of business, not just gasoline sales... Besides that 3% proffit is the retailer exxon/imperial ect... is the 48% crude oil prices

I would like to know where they get the 3% profit figure??? Take a look at this article. Exxon reported a NET profit for the Q1 at $10.7 billion on $114 billion in sales. That is approx 9.5% net profit on their sales. So when they make this nice little pie chart it makes it sound like the poor oil company is not making very much. I am sure there are many companies that would like to make a 9.5% gross profit let alone net profit.

Exxon Mobil First-Quarter Profit Rises as Oil Demand Fuels Price Increases - Bloomberg

Either way, if government wanted to do something about it they would have done it a long time ago. This is just one more way of keeping us sheep herded the way they want it.

 

[eclipse1966]

Exons argument to that will be that they are involved in many areas of business, not just gasoline sales... Besides that 3% proffit is the retailer exxon/imperial ect... is the 48% crude oil prices

good point either way someone is making a killing and I know it is not me :d:d