| Intermarkets' Privacy Policy Support
Donate to Ace of Spades HQ! Contact
Ace:aceofspadeshq at gee mail.com Buck: buck.throckmorton at protonmail.com CBD: cbd at cutjibnewsletter.com joe mannix: mannix2024 at proton.me MisHum: petmorons at gee mail.com J.J. Sefton: sefton at cutjibnewsletter.com Recent Entries
Daily Tech News 10 May 2026
Saturday Night Club ONT - May 9, 2026 [D & D] Saturday Evening Movie Thread - 5/9/2026 Hobby Thread - May 9, 2026 [TRex] Ace of Spades Pet Thread, May 9 Gardening, Home and Nature Thread, May 9 At what point do conspiracy theories go too far? The Classical Saturday Morning Coffee Break & Prayer Revival Daily Tech News 9 May 2026 Into The Valley Of The Shadow Of ONT Rode The 400 Absent Friends
Captain Whitebread 2026
Jon Ekdahl 2026 Jay Guevara 2025 Jim Sunk New Dawn 2025 Jewells45 2025 Bandersnatch 2024 GnuBreed 2024 Captain Hate 2023 moon_over_vermont 2023 westminsterdogshow 2023 Ann Wilson(Empire1) 2022 Dave In Texas 2022 Jesse in D.C. 2022 OregonMuse 2022 redc1c4 2021 Tami 2021 Chavez the Hugo 2020 Ibguy 2020 Rickl 2019 Joffen 2014 AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published.
Contact OrangeEnt for info:
maildrop62 at proton dot me Cutting The Cord And Email Security
Moron Meet-Ups
Texas MoMe 2026: 10/16/2026-10/17/2026 Corsicana,TX Contact Ben Had for info |
« Spinal Cords To Be Healed By Patients' Own Stem Cells? |
Main
| Okay... Idea »
December 01, 2005
The Truth About Oil Companies...is that they're not making all that much money on a per-unit basis: Over the last five years, the American Petroleum Institute points out, the oil and natural gas industry netted 5.7 cents on every dollar of sales, compared to 5.5 cents for all U.S. companies. Can't cite it now, but I also read that the profit margin for the oil industry was 9%, compared to 8+% for all industries. Let me see. Democrats want lower oil prices, but they don't want to allow additional drilling or refinement in the US, and they also want to reduce the incentives to produce more (and do so more cheaply). And in the latter, of course, they're joined by many grandstanding faux-populist Republicans.
posted by Ace at 11:01 AM
Comments9.9% is hardly an obscene profit. I only cite the results of one company, but they are the biggest and certainly representative of the industry. Posted by: Dave in Texas on December 1, 2005 11:13 AM
Democrats don't give a shit about oil prices. They don't care about economics. They care about profits, whatever the source. They want that money for themselves. They want that as much money as possible to flow into their pockets. This goes for everyone, not just oil companies. It's just that oil companies (a) have deep pockets, and (b) sell a product that no one really enjoys buying so it makes them an easy target for demonizing. They'd go after pro sports profits if they could, but the fan base would go nuts over it. Posted by: Phinn on December 1, 2005 11:37 AM
Dave is totally correct. And as I have pointed out many times, with the oil business it is feast or famine. When you are making money it seems grand, but the famine has outweighed the feast in the last 20 yrs or so. I just couldn't BELIEVE that congress bought in the CEO's of oil companies to ask about their profits!!!! That was insane! This is a profit making business after all you know. The Democrats say we need to rely less on foreign oil, but want to restrict drilling because they don't know damn thing about the oil business. Everytime you come in from freezing sleet and warm your tootsies in you home you can thank an oil company. Everytime you come in from 102 heat to a cool airconditioned house, you can thank a oil company. Everytime you drive to work you can thank a dang oil company!!! I about sick to death of this "evil" thing the Democrats spread around about this industry. Let's shut it down for a month and see who howls. Idiots. Posted by: Rightwingsparkle on December 1, 2005 11:37 AM
Got some energy there, Sparkle. Posted by: Michael on December 1, 2005 11:56 AM
Every time you drive to the club and the hairdressers, you use gasoline. Every time Yolita lights the chafing dishes, she's using petroleum products. When you step into your indoor heated pool, remember it's heated with natural gas. And without jet fuel, your Lear would plummet from the sky, making that run up to Aspen problematic. All hail petroleum profits. Er... make that "products". Posted by: spongeworthy on December 1, 2005 12:08 PM
Phinn, to your point, federal and state taxes on a gallon of gasoline average 40 cents. Who's making a bigger profit on gasoline? Posted by: Dave in Texas on December 1, 2005 12:11 PM
Over the last five years, the American Petroleum Institute points out, the oil and natural gas industry netted 5.7 cents on every dollar of sales, compared to 5.5 cents for all U.S. companies.And how many cents per dollar of sales goes to the federal government and state governments? Who are the real profiteers? At least the oil companies provide a product for their 5.7 cents of profit. Let's have congressional hearings and get some testimony from these greedy, profiteering governments. here are the tax rates on gasoline. Here is my state of Washington gasoline taxes. Washington 23 23 41.4 (Read state/combined state (no excise is Wash) and total to include federal taxes. So who's gouging? Posted by: tom scott on December 1, 2005 12:29 PM
Having real problems connecting to Ace and it dropped my link to the page for state sales & excise taxes and federal taxes. This is 2002 data. Posted by: on December 1, 2005 12:39 PM
http://www.energy.ca.gov/gasoline/statistics/gas_taxes_by_state_2002.html Posted by: tom scott on December 1, 2005 12:42 PM
Simple economics. Supply and demand. Increase supply (open up refining to new venture capitalists) and the price goes down. Get the fucking Government out of managing the petroleum economy and let it shake out where it will. Posted by: rls on December 1, 2005 01:23 PM
I agree with the main point here, but be careful about arguing from profit ratios based on sales. Profits divided by invested capital are far more revealing. For example, a typical supermarket only makes a penny and a half on every dollar of sales -- but because it turns its inventory over so rapidly, it makes many times that amount on invested capital. A supermarket that makes 1.5 cents per dollar of sales but turns over its inventory 20 times per year -- a conservative figure -- is making 30 cents per dollar of invested capital. Posted by: Francis W. Porretto on December 1, 2005 05:06 PM
"Gas Taxes Exceed Oil Companies' Profits" http://taxprof.typepad.com/taxprof_blog/2005/10/gas_taxes_excee.html Posted by: abnjm on December 1, 2005 05:55 PM
Post a comment
| The Deplorable Gourmet A Horde-sourced Cookbook [All profits go to charity] Top Headlines
Funniest thing I've read about the Virginia mess. Back when they were hustling the referendum through the assembly both Senators, Warner and Kaine, advised them to go slow and play by the rules. Louise Lucas said she respected them but didn't need advice from the "cuck chair" in the corner. The gerrymandering was overturned and Louise is heading for the big house. Edward G. Robinson voice "where's your cuck now?" I posted his post on twitter and it's gotten 25K views so far. Thanks, Smell the Glove Chris
Forgotten 80s Mystery Click That Sums Up the Democrat Communist Party Today
Something is wrong as I hold you near Somebody else holds your heart, yeah You turn to me with your icy tears And then it's raining, feels like it's raining
"It's f**king f**ked."
-- reportedly a genuine comment offered by a "senior Labour source" Correction: I wrote that Labour is losing 88% (now 87%) of the seats it is "defending." I think that's wrong. The right way to say it is the seats they are contesting -- that is, they don't necessarily already hold these seats, but they have put up a candidate to run for the seat. It's still very bad but not as bad as losing 87% of the seats they already held. Basil the Great
"The end of the two party system in the UK" as first the Fake Conservatives and now Labour chooses political suicide rather than simply STOPPING THE INVASION
Incidentally, the only reason this didn't already happen in the US is because of the Very Bad Orange Man (who is right on 85% of all policy calls and extremely, existentially right on 15% of them)
No political party that is NOT also a doomsday religious cult would EVER choose a cataclysmic loss -- and possible extinction as a party -- to support a toxically unpopular favoritism of NON-CITIZEN ILLEGAL MIGRANTS over actual citizen voters.
Only a cult does this.
Now they've lost 84%.
Annunziata Rees-Mogg Update: They've now lost 88% of the seats they're defending. As I mentioned earlier, I think I heard that London will not bail them out, as many of those Labour seats will probably flip to "Muslim Independent" or Green. Detroit's 5am vote will not save them.
Yup, Labour is losing 80% of its seats...
The British Patriot Wow, up to 1700-2100 seats. It's not incredible that this is happening. It's incredible that the Davos crowd is so absolutely determined to privilege Muslim "migrants" over the actual native population who elects them, no matter how loudly the natives scream that they want to be prioritized, that they will gladly self-extinguish as a party rather than simply representing the interests of their own voters. Astonishing. Remember, when they call other people "cultists" -- they are the ones so imprisoned in their social reinforcement and discipline bubbles that they will choose political death rather than dare upset the Karen Enforcement Officers of their cult. Update: Now they've lost 83% of the seats they were defending. (((Dan Hodges))) Nick Lowles
STARMERGEDDON: In early returns, Reform gains 135 seats, Labour loses 90, the Fake Conservatives lose 36 (and I didn't even know they could fall any further), the Lib Dems lose 4, and the Greens gain 6. Note that the only other party gaining seats is the Greens and they're only gaining a handful of seats.
Update: Reform now up 145, Labour down 98. Labour projected to lose Wales -- where they've ruled for 27 years. Fulton County Georgia just discovered 400 boxes of ballots for Labour Update: REF +156, LAB -107, CON -45 Brutal: In four out of five council seats where Labour is defending, they've lost. 80%. I'm sure it's not this simple, but Reform is straight taking Labour's and the "Conservatives'" seats. They've lost almost exactly what Reform gained. If understand this right (and warning, I probably don't), all of London's council seats are up for election, and Labour might lose hugely there, as their old voters abandon them for Reform, Muslim Indenpendents, and the Greens. REF +190, LAB -134, CON -56.
Updates on the Labour collapse in council elections -- which wags are calling #Starmergeddon -- from Beege Welborne. There are about 5000 seats up for grabs, Labour is expected to lose 1,800, Reform will probably gain 1,580, up from... zero. So this would be more than that.
People claim that while Labour has adopted the Sharia Agenda to appeal to the million Muslims it allowed to migrate to the country, those voters are ditching Labour to vote for the Muslim Independent Party or the Greens. Delicious. This shadenfreude is going straight to my thighs. Oh, and if Starmer loses about as badly as expected, Labour will toss him out of a window Braveheart style and replace him. He will announce he is resigning to spend more time with his Gay Ukrainian Male Prostitutes.
Media bias and senationalism are as old as, well, the media:
![]() That was written by Denny O'Neill and illustrated by, get this, Frank Miller. Editor to the Stars Jim Shooter was in charge at the time. I always thought the gag was original to the comic book, but in fact the "Threat or Menace" headline was a satirical joke about media bias and sensationalism for a long while. The Harvard Lampoon used it in a parody of Life magazine: "Flying Saucers: Threat or Menace?"
Hamas is Humiliating Trump's 'Board of Peace'
[Hat Tip: TC] [CBD]
Ted Turner Dies At 87 [CBD]
Recent Comments
RedMindBlueState[/i][/b][/s][/u]:
"Talk at you later, Horde. Airplane mode activated ..."
Skip: "I didn't get to bed until way late, but I might ge ..." FenelonSpoke: "But "Got questions" has some thoughts about innoce ..." FenelonSpoke: "MS church was singing "Amazing Grace" as tornado h ..." Ray's Cyst: "https://www.youtube.com/watch?v=cz0JIT62oxU ..." Biden's Dog sniffs a whole lotta malarkey, : "https://youtu.be/dSQ40d8uoOI ..." JQ: "Good night, horde! Sweet dreams to all of you and ..." JQ: "https://tinyurl.com/4uu86wsc Posted by: Biden's D ..." RedMindBlueState[/i][/b][/s][/u]: "So close to Pride Month! https://tinyurl.com/4u ..." tcn in AK: "370 Santana is overrated like Clapton. Technicians ..." Cow Demon: "I have a very bad feeling about The Odyssey. ..." Deicide: "My cantor cousin said, and I quote " fuck god, som ..." Bloggers in Arms
RI Red's Blog! Behind The Black CutJibNewsletter The Pipeline Second City Cop Talk Of The Town with Steve Noxon Belmont Club Chicago Boyz Cold Fury Da Goddess Daily Pundit Dawn Eden Day by Day (Cartoon) EduWonk Enter Stage Right The Epoch Times Grim's Hall Victor Davis Hanson Hugh Hewitt IMAO Instapundit JihadWatch Kausfiles Lileks/The Bleat Memeorandum (Metablog) Outside the Beltway Patterico's Pontifications The People's Cube Powerline RedState Reliapundit Viking Pundit WizBang Some Humorous Asides
Kaboom!
Thanksgivingmanship: How to Deal With Your Spoiled Stupid Leftist Adultbrat Relatives Who Have Spent Three Months Reading Slate and Vox Learning How to Deal With You You're Fired! Donald Trump Grills the 2004 Democrat Candidates and Operatives on Their Election Loss Bizarrely I had a perfect Donald Trump voice going in 2004 and then literally never used it again, even when he was running for president. A Eulogy In Advance for Former Lincoln Project Associate and Noted Twitter Pestilence Tom Nichols Special Guest Blogger Rich "Psycho" Giamboni: If You Touch My Sandwich One More Time, I Will Fvcking Kill You Special Guest Blogger Rich "Psycho" Giamboni: I Must Eat Jim Acosta Special Guest Blogger Tom Friedman: We Need to Talk About What My Egyptian Cab Driver Told Me About Globalization Shortly Before He Began to Murder Me Special Guest Blogger Bernard Henri-Levy: I rise in defense of my very good friend Dominique Strauss-Kahn Note: Later events actually proved Dominique Strauss-Kahn completely innocent. The piece is still funny though -- if you pretend, for five minutes, that he was guilty. The Ace of Spades HQ Sex-for-Money Skankathon A D&D Guide to the Democratic Candidates Michael Moore Goes on Lunchtime Manhattan Death-Spree Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility The Dowd-O-Matic! The Donkey ("The Raven" parody) Archives
|