Ferrari Mailing List: Re: Illinois speed traps

[Stephen Sherman (sherman]

ARE US oil companies drilling on the leases they have in the Gulf or land, 
NO!
Have they built any new refineries in the past 25 years, NO!
Why is EXXON MOBIL getting out of the service station bussiness TOO LITTLE 
PROFIT!
FOREIGN countries are drilling in INTERNATIONAL WATERS off our coast, don't 
you think US companies do that to them, no I forgot we only screw ourselves 
like horazontal drilling into some other US oil company's proven lease.
The oil companies HAD the business and they COULD if they wanted to
   MOST OF THE OIL THEY REFINE IS FROM THEIR OWN WELLS
  WHY do you THINK they have LARGE (changed my wording for you) PROFITS
   NOTE RUSSIA the goverment takes all the money over $25 a barrel.

I use approx 500 gallons a year attached is a spreadsheet  its easy to use I 
have redused driving the Porsche and Ferrari to 500 miles a year each and 
mowing every 2 weeks. I can afford up to $20 a gallon when I retired in 1998 
gasoline was $1.00 a gallon. In 2005 at Indy for the USGP I paid $1.69.

In 1986 in Germay when I picked up my Porsche gasoline was a $1 a liter 
there.

It is amazing how much oil effects our economy everything goes up but my 
pension :-)

Stephen
81 308 GTSi


----- Original Message ----- 
From: "Paul Bennett" <pbennett [at] macnet.com>
To: "Stephen" <sherman [at] wildblue.net>
Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
Sent: Friday, August 08, 2008 7:51 PM
Subject: Re: [Ferrari] Illinois speed traps


> >1.When the Oil companies use the leases they have I would support off 
> >shore
> > but not until then.
>
> Foreign countries including Russia and China are slant drilling off our 
> coast but we can't.
> Viable unused onshore drilling leases are virtually non-existant.
>
> > 3. Think about it:If your raw materials have gone up and your product has
> > gone up and you are selling less of your product AND you HAVE RECORD 
> > PROFITS
> > would you increase your supply of raw materials or build more factories
> > so you produce more product and make less profit.
>
> Absolutely  - a standard business strategy.
> Increasing product volume often results in a reduction of profit percent 
> while
> increasing total profit.  That's what business is all about increasing 
> dollars, not percentages.
> Oil companies have RECORD LOW PROFIT percentages compared with previous 
> years!
>
>
>
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Attachment: gasoline.xls
Description: MS-Excel spreadsheet