Porsche Goes Electric

[Brucelee]

Originally Posted by Quickurt

It's real easy to get all upset at those rich bastards who own the oil companies, or "Big Oil."
If you have Mutual Funds or retirement accounts, you more than likely need to go find a mirror and cuss yourself out, because you own them.

http://www.energytomorrow.org/economy/Do_You_Own_an_Oil_Company_.aspx

Almost 43 percent of oil and natural gas company shares are owned by mutual funds and asset management companies

Twenty seven percent of shares are owned by other institutional investors like pension funds.

Fourteen percent of shares are held in IRA and other personal retirement accounts.

Five percent is owned by "other institutional investors"

1.5 percent owned by oil industry insiders and executives.

Remember everyone was all pissed off that the retiring Exxon CEO got all those bizzillion dollars? He got like 1/2% of the profits Exxon made OVER the industry average, and Exxon profits were included to establish the industry average. Look above to see who made the other 99.5% HE earned them.

The industry average is 9% profit margin.
The national average for taxes on a gallon of gas is just under $.50 per gallon.
Do a little math and you'll see that in order for the oil company to make $.50 on a gallon of gas, the WHOLESALE price would have to be $5.60 per gallon. This would be before: retailer profit and the $.50 tax.
Now also consider the evil oil company had to invest $5.10 for each and every one of those 50 cent pieces they make, while the governments (local, state and federal) didn't invest one penny or produce one drop of anything to collect their 50 cent piece.

I'm tired of everyone belly-aching about the amount of profit the oil industry makes, taken completely out of context of what they have invested and what they go through to bring us a gallon of gas for a little less than we pay for a gallon of milk and a pittance of what we pay for a friggin bottle of water.
The main human garbage leading the charge against those oil companies are who? POS politicians. They already stole the entire nation's Social Security Fund, by siphoning it off and spending it as general revenue, on every welfare vote buying scheme they could cook up. Now, they want to tax away the profits of those evil oil companies. One look above and you'll see what they really want. They want the nation's PRIVATE retirement funds also.
It looks like the royal class wants us all to work ourselves to the bone, until the day we drop, so they can play bigshots of the world.

Indeed. I believe the tax on a gallon of gas is in excess of the profits to the oil companies.

[ultimate1]

You know I agree that electricity does not come from air. I think if the morons in Washington would just build some more nuclear plants and make a commitment to build a solar farm in the desert then the juice for the electric car would be more readily available without crude oil and make a lot of sense. I dig the new hydrogen car that Honda has in CA but we would need to use a ridiculous sum of oil to build the infrastructure for such a car to succeed.

Nuclear, Solar and Wind would make electric cars sensible. The problem is that both parties have conspired to present us with choosing between two energy plans that were concocted by the oil execs and ethanol execs to continue America's enslavement to oil. The worst is yet to come and I am glad I went short the past few days and killed it. I will let Bernanke bs the public over the next few days and go hit the buy index put buttons again on the next rally.

Just for giggles and kicks these electric car guys are not too far away from me. How about if I go and see if I can do a test drive for us and give you all an honest report on the good the bad and the ugly of these cars?

[Brucelee]

Originally Posted by ultimate1

You know I agree that electricity does not come from air. I think if the morons in Washington would just build some more nuclear plants and make a commitment to build a solar farm in the desert then the juice for the electric car would be more readily available without crude oil and make a lot of sense. I dig the new hydrogen car that Honda has in CA but we would need to use a ridiculous sum of oil to build the infrastructure for such a car to succeed.

Nuclear, Solar and Wind would make electric cars sensible. The problem is that both parties have conspired to present us with choosing between two energy plans that were concocted by the oil execs and ethanol execs to continue America's enslavement to oil. The worst is yet to come and I am glad I went short the past few days and killed it. I will let Bernanke bs the public over the next few days and go hit the buy index put buttons again on the next rally.

Just for giggles and kicks these electric car guys are not too far away from me. How about if I go and see if I can do a test drive for us and give you all an honest report on the good the bad and the ugly of these cars?

Agreed. The guys in DC are morons and yes, electric cars could be the BOMB.

Now, if we could only decide to develop our own energy sources. That would be nice.