Yeah, some GOOD points but as an individual, I have to at least do something and reduce MY consumption. CO has made some great strides in electricity sources these past ten years with a large chunk now coming from renewables. When and if my kid asks me WHY some day, I'd like to not just shrug and say we were selfish tv-watching morons who did nothing.
Will you keep your 4runner if gas hits $8 a gallon?
- Thread starter Redsoxx1918
- Start date
BlackCloud
Member
Fear is the currency of control.
Bikeric
New member
When the "powers that be" start dumping their beach homes and grounding their private jets I might begin to listen to them. These past couple of years of out of control government have really put a damper on any desire for me to purchase a new electric car. I'll keep rolling in my dinosaur juice drinking, carbureted 4Runner with manual locking hubs.
One thing I have wanted to try is non-ethanol gas at my local station. It's $5.00 gal right now. Waiting until I get close to empty to measure mpg. The fact that it's more than E10 unleaded is not lost on me. I remember when unleaded was introduced, again this was a gov mandate and there was no choice left to the people. Gov picking winners and losers as always. I'm not singling anyone or any administration out, just stating the truth and water is wet. Everyone knows this anyway.
Brace yourself...
I think this works out to $8.97/US Gallon. That's as well as the same issues with inflation you guys are having with food, natural gas, electricity, etc...
cash discount??
SurferUK
Member
If only! The only discount available involves covering up your registration plates and wearing a balaclava... :biggrin1:
Something_Awesome
New member
The catalyst here was Tesla and Elon Musk. Musk has stated explicitly why we should move away from fossil fuels, and it had nothing to do with protecting the environment.
And if you really want to protect the environment, hybrids probably cause the least amount of harm overall when compared to EV's and conventional engines. It isn't till around year 6 of owning an EV that the lack of emissions surpasses the harm caused to the environment in producing the EV, like with the digging for cobalt.
And if we really want to get serious about the discussion about our impact on the environment, there were "negative feedback cycles" discovered in late 2021 that, assuming we had a point of DOOM in time for environmental-armageddon, that greatly pushes that point back. In layman turns, as our carbon emissions go up, there is a reaction in nature that reduces the carbon emissions into our atmosphere from the bottom of the ocean floor. This was a significant finding and environmentalists were very upset about it because it hurt their ability to push their agenda. I believe that carbon emissions trapped underneath the ocean dwarf emissions caused by humans. So this is a SIGNIFICANT discovery. I think this was originally reported by Princeton? I forget.
I suppose the biggest reason I am skeptical about the EV initiative is how all the oil companies are pushing for an energy revolution. Why? This makes ZERO sense.
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ElectroBoy
Banned
But, but, wait…!
All the geniuses have been saying Brandon is the cause of high oil prices!???
momo.75
Registered User
what about "no political posts" do you not understand?
supply shortage or profiteering?
BP profits soar as calls for windfall tax grow - BBC News
BP's profits for the first three months of this year have more than doubled after oil and gas prices soared.
The energy giant reported an underlying profit of $6.2bn compared to $2.6bn in the same period last year - ahead of expectations.
BP profits soar as calls for windfall tax grow - BBC News
BP's profits for the first three months of this year have more than doubled after oil and gas prices soared.
The energy giant reported an underlying profit of $6.2bn compared to $2.6bn in the same period last year - ahead of expectations.
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CajunMikeR
New member
Oil was also at $50/bbl in Jan '21, and everyone was seriously trimming the fat. Oil was at $105/bbl in Jan '22, while everyone was still operating on reduced budgets.
BlackWorksInc
New member
To answer the OP, I don't have much of a choice. The 4Runner is all I own, so unless someone is providing me a new Corolla GR or at a new more fuel efficient Toyota for free; it's what I have to drive.
The days of buying an ol' 90's or early 2000's Corolla/Camry for dirty cheap to run as a daily driver are kind of behind us.
The days of buying an ol' 90's or early 2000's Corolla/Camry for dirty cheap to run as a daily driver are kind of behind us.
Bluesky 07
Senior Member
What was their profit as a percentage of total revenue? People got up in arms when the airline I used to work for posted a billion dollar profit one year. ~8 percent is typically considered a reasonable profit; total revenue was $22 billion so the airline made about half that 8% figure yet people brayed like scalded donkeys. They hear a big number and instantly think it’s profiteering or price gouging.
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Bluesky 07
Senior Member
I seldom quote myself but I looked up BP's 2021 results - ~$13 billion profit on revenues of ~$158 billion, so about 8% profit. Clearly not "profiteering." Always pays to do the math.
Another example is comparing the 1 million+ US COVID-19 deaths to the ~600,000 fatalities America suffered in the 1918 flu pandemic. "My God, COVID has killed 400,000 more Americans!" Well, yes, but the 1918 US population was 1/3 of what it is today. The death rate is far less for COVID, about .15% to about .64% for the 1918 flu. That is not to minimize anyone's loss, each one of which was an irreplaceable human soul.
Ironically, as you read this, someone somewhere is probably paying $7K over sticker for a Toyota.
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[MENTION=114846]Bluesky 07[/MENTION] I found very different numbers from a quick google.
Macrotrends reports.
BP gross profit for the twelve months ending March 31, 2022 was $46.328B
BP revenue for the twelve months ending March 31, 2022 was $178.923B.
BP annual gross profit for 2019 was $49.582B,
BP annual revenue for 2019 was $282.616B
So by that site they are making roughly the same profit on less revenue - which would indicate that what that article says is true.
Another site (companiesmarketcap) says this: According to BP's latest financial reports the company's current earnings (TTM) are $17.93 B. In 2020 the company made an earning of -$21.78 B a decrease over its 2019 earnings that were of $11.64 B.
By that site I'm guessing they used 2020 to write off a ton of debt and show a loss, but ignoring those two numbers, their earnings are 6billion over what they made in 2019 before the pandemic.
Macrotrends reports.
BP gross profit for the twelve months ending March 31, 2022 was $46.328B
BP revenue for the twelve months ending March 31, 2022 was $178.923B.
BP annual gross profit for 2019 was $49.582B,
BP annual revenue for 2019 was $282.616B
So by that site they are making roughly the same profit on less revenue - which would indicate that what that article says is true.
Another site (companiesmarketcap) says this: According to BP's latest financial reports the company's current earnings (TTM) are $17.93 B. In 2020 the company made an earning of -$21.78 B a decrease over its 2019 earnings that were of $11.64 B.
By that site I'm guessing they used 2020 to write off a ton of debt and show a loss, but ignoring those two numbers, their earnings are 6billion over what they made in 2019 before the pandemic.
Bluesky 07
Senior Member
Any organization shown to be engaging in unfair tactics or profiteering should be held accountable. My point was more a general one of how people hear a huge profit number and go off without considering it in context. Speaking of context, few people cry for companies when they lose billions. For example, the airline industry as a whole lost more money after 9/11 than had ever been made in the history of commercial aviation.
Granted, whoever said that the "best way to make a small fortune in aviation is to start with a large one" is right. It's a tough business. That billion-dollar profit people were upset with will get you about 5 modern airliners at today's prices.
Personally I'm more concerned with things like golden parachutes for failing at your job, extravagant CEO pay, buybacks at the cost of workers, and things like that than general profit... until that profit comes at the cost of society, which in my view, what we're seeing for current oil and gas profit does.
Finally got my 4Runner down near empty and filled up with non-ethanol gas. $4.99gal. Will be interesting to feel/hear the slight difference. As an aside, I predate ethanol gas, catalytic converters, and non-leaded gas.
Are we, as a nation, better off after these so-called improvements mechanically wise? I'm unconvinced, but I never lived in a huge city with smog so I'm a little biased. What I do know for sure is that my 2-stroke engines do not like corn syrup.
Are we, as a nation, better off after these so-called improvements mechanically wise? I'm unconvinced, but I never lived in a huge city with smog so I'm a little biased. What I do know for sure is that my 2-stroke engines do not like corn syrup.
