GAS


Congress has big questions for Big Oil

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In WASHINGTON …Top executives of the five biggest U.S. oil companies were pressed Tuesday to explain the soaring fuel prices amid huge industry profits and why they weren’t investing more to develop renewable energy source such as wind and solar.

The executives, peppered with questions from skeptical lawmakers, said they understood that high energy costs are hurting consumers, but deflected blame, arguing that their profits, $123 billion last year, were in line with other industries.

“On April Fool’s Day, the biggest joke of all is being played on American families by Big Oil,”
Rep. Edward Markey, D~Mass., said as his committee began hearing from the oil company executives.

With motorists paying a national average of $3.29 a gallon at the pump and global oil prices remaining above $100 a barrel, the executives were hard pressed by lawmakers to defend their profits.

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“The anger level is rising significantly,” said Rep. Emanuel Cleaver, D~Mo., relating what he had heard in his district during the recent two week congressional recess.

Alluding to the fact that congressmen often don’t rate very high in opinion polls, Cleaver told the executives: “Your approval rating is lower than ours and that means your down low.”

“I heard what you are hearing. Americans are very worried about the rising price of energy,” said John Hofmeister, president of Shell Oil Co., echoing remarks by the other four executives from Exxon Mobil Corp., BP America Inc., Chevron Corp., and ConocoPhillips.

2209971550_6907bc540a_m.jpg Refineries run full blast at night so it won’t be so noticeable how they are POLLUTING!

But the executives rejected claims that their companies’ earnings are out of step with other industries and said that while they earn tens of billions of dollars, they also invest tens of billions in exploration and oil production activities.

“Our earnings, though high in absolute terms, need to be viewed in the context of the scale and cyclical, long term nature of our industry as well as the huge investment requirements,” said J.S. Simon, Exxon Mobil’s senior vice president.

But Markey asked Simon why Exxon Mobil hasn’t followed the other companies in investing in alternative energy. The four other companies reported spending as much as $3.5 billion in recent years on solar, wind, biodiesel and other renewable projects.

“Why is Exxon Mobil resisting the renewable revolution,” asked Markey.

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Simon said his company, which earned $40 billion last year, had provided $100 million on research into climate change at Stanford University, but that current alternative energy technologies “just do not have an appreciable impact” in addressing “the challenge we’re trying to meet.”
Executives from the largest U.S oil companies have been frequent targets of lawmakers, frustrated at not being able to do much to counter soaring oil and gasoline costs.

In November, 2005, Hofmeister and the top executives of the same companies represented Tuesday sat in a Senate hearing room to explain high prices and their huge profits.

The prices are of concern, Hofmeister said at the time, adding a note of optimism: “Our industry is extremely cyclical and what goes up almost always comes down,” he told the skeptical senators on a day when oil cost $60 a barrel.

About six months later, when the cost of the same barrel reached $75, the executives were grilled again on Capitol Hill on their spending and investment priorities.

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Recently oil prices reached a peak of $111 a barrel. While declining a bit in recent days, the price remains above $100 and there’s talk of $4 a gallon gasoline in the coming months.

Markey challenged the executives to pledge to invest 10 percent of their profits to develop renewable energy and give up $18 billion in tax breaks over 10 years so money could be funneled to support other energy and conservation.

The executives said the companies already are spending billions of dollars, more than $3.5 billion over the last five years, on renewable fuels such as wind energy and biodiesel, but rejected any tax increases.

“Imposing punitive taxes on American energy companies, which already pay record taxes, will discourage the sustained investment needed to continue safeguarding U.S. energy security,” Simon insisted.

“These companies are defending billions of federal subsidies … while reaping over a hundred billion dollars in profits in just the last year alone,” complained Markey, chairman of the Select Committee on Energy Independence and Global Warming.

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The House last year and again on Feb. 27 approved legislation that would have ended the tax breaks for the oil giants, while using the revenue to support wind, solar and other renewable fuels and incentives for energy conservation. The measure has not passed the Senate.
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Thank you AP NEws and H. JOSEF HEBERT, Associated Press Writer
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The rich get richer and the poor stay that way…

Why not give grants and funding to companies who are looking for alternative fuels? I would love to thumb our/my noses at the oil companies and countires.

But asking questions..isn’t the act of busting a grape, now is it Baby Boomers.

Did you know that last century there was a tire that invented that would have lasted the life of your car…did you ever see it on the market…NO…like the pharmaceutical companies [why sell the cure when you can sell the pill that will continue the disease and keep the public buying more]…why sell one tire when you can sell many…the inventor sold out.

Raise your voices and your fists!

Refineries are in every state and counrty. They are big power and money!

I have a friend that says…protesting is STUPID, it solves nothing…well I hope you are reading this because if you are not part of the solution, you are part of the pollution! You my dear, will not solve anything.

Do not be a cow Baby Boomers…following the cow’s rear end in front of you…be a RHINO! Charge head down and kick some cow, donkey or mule ass!

~The Baby Boomer Queen RHINO ~

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TIPS ON GAS AND PUMPING GAS

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I don’t know what you guys are paying for gasoline…but here in California we are also paying higher, up to $3.50 per gallon. But my line of work is in petroleum for about 31 years now, so here are some tricks to get more of your money’s worth for every gallon..

Here at the Kinder Morgan Pipeline where I work in San Jose, CA we deliver about 4 million gallons in a 24 hour period thru the pipeline. One day is diesel the next day is jet fuel, and gasoline, regular and premium grades. We have 34 storage tanks here with a total capacity of 16,800,000 gallons.

Only buy or fill up your car or truck in the early morning when the ground temperature is still cold. Remember that all service stations have their storage tanks buried below ground. The colder the ground the more dense the gasoline, when it gets warmer gasoline expands, so buying in the afternoon or in the evening…your gallon is not exactly a gallon. In the petroleum business, the specific gravity and the temperature of the gasoline, diesel and jet fuel, ethanol and other petroleum products plays an important role.

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An one (1) degree rise in temperature is a big deal for this business. But the service stations do not have temperature compensation at the pumps.

When you’re filling up do not squeeze the trigger of the nozzle to a fast mode. If you look you will see that the trigger has three (3) stages: low, middle, and high. In slow mode you should be pumping on low speed, thereby minimizing the vapors that are created while you are pumping. All hoses at the pump have a vapor return. If you are pumping on the fast rate, some other liquid that goes to your tank becomes vapor. Those vapors are being sucked up and back into the underground storage tank so you’re getting less worth for your money.

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One of the most important tips is to fill up when your gas tank is HALF FULL or HALF EMPTY. The reason for this is, the more gas you have in your tank the less air occupying its empty space. Gasoline evaporates faster than you can imagine. Gasoline storage tanks have an internal floating roof. This roof serves as zero clearance between the gas and the atmosphere, so it minimizes the evaporation. Unlike service stations, here where I work, every truck that we load is temperature compensated so that every gallon is actually the exact amount.

Another reminder, if there is a gasoline truck pumping into the storage tanks when you stop to buy gas, DO NOT fill up, most likely the gasoline is being stirred up as the gas is being delivered, and you might pick up some of the dirt that normally settles on the bottom. Hope this will help you get the most value for your money.

DO SHARE THESE TIPS WITH OTHERS!

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WHERE TO BUY USA GAS, THIS IS VERY IMPORTANT TO KNOW. READ ON

Gas rationing in the 80’s worked even though we grumbled about it. It might even be good for us! The Saudis are boycotting American goods. We should return the favor.

An interesting thought is to boycott their GAS.

Every time you fill up the car, you can avoid putting more money into the coffers of Saudi Arabia. Just buy from gas companies that don’t import their oil from the Saudis.

Nothing is more frustrating than the feeling that every time I fill up the tank, I am sending my money to people who are trying to kill me, my family, and my friends.

I thought it might be interesting for you to know which oil companies are the best to buy gas from and which major companies import Middle Eastern oil.


These companies import Middle Eastern oil:

Shell……………………… 205,742,000 barrels

Chevron/Texaco……… 144,332,000 barrels

Exxon/Mobil…………… 130,082,000 barrels

Marathon/Speedway… 117,740,000 barrels

Amoco……………………….62,231,000 barrels

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Citgo gas is from South America, from a Dictator who hates Americans. If you do the math at $30/barrel, these imports amount to over $18 BILLION! (oil is now $90~$100 a barrel)

Here are some large companies that do not import Middle Eastern oil:

Sunoco………………0 barrels

Conoco………………0 barrels

Sinclair………………0 barrels

BP/Phillips……………0 barrels

Hess………………….0 barrels

ARC0…………………0 barrels

All of this information is available from the Department of Energy and each is required to state where they get their oil and how much they are importing.

But to have an impact, we need to reach literally millions of gas buyers. It’s really simple to do. Send them to my blog so that they can read this.

Here is a my link on this article:
https://babyboomeradvisorclub.wordpress.com/2008/03/27/tips-on-pumping-gas-and-getting-your-moneys-worthgas-secrets/
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I don’t know who wrote this article…it was sent to me vai Cananda…but the tips are correct…I worked for Chevron USA for a while, while in Texas…even as far as being on thier “Energy Crisis Committee.” Is that an OXIE MORON or what???

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