irvinehomeowner
Well-known member
Just like Irvine real estate, goes up faster, goes down slower.
irvinehomeowner said:I think the suspension of the state gas tax won't work... what is to stop the stations/companies from just bumping up prices to cover that 26, 34 or 51 cents and just make more profit?
CalBears96 said:I brought this up before. Oil price dropped 25% from high and gas price went UP. Greed oil company. That's all.
irvinehomeowner said:Just like Irvine real estate, goes up faster, goes down slower.
USCTrojanCPA said:Hmmm, we are paying $6/gallon and most parts of the US are in the $3s....what gives?
morekaos said:USCTrojanCPA said:Hmmm, we are paying $6/gallon and most parts of the US are in the $3s....what gives?
A stupid electorate who voted higher gas taxes onto itself.
Ready2Downsize said:morekaos said:USCTrojanCPA said:Hmmm, we are paying $6/gallon and most parts of the US are in the $3s....what gives?
A stupid electorate who voted higher gas taxes onto itself.
California just plain and simply gets ripped off for everything.
It's not just gas, it's electricity rates too and it's long been housing.
OCtoSV said:gas taxes, limited CA refining capacity for the special blend we use.
Ready2Downsize said:OCtoSV said:gas taxes, limited CA refining capacity for the special blend we use.
Why is California paying such a high per kw rate for electricity compared to other states? Can't be a special blend because it's higher in winter AND summer.
https://www.chooseenergy.com/electricity-rates-by-state/
morekaos said:Oil companies have little to no incentive to help an admiration that has made it a public policy to kill their industry. They make twice the profits pumping the same amount of oil they did 6 months ago. Taxing unused leases is stupid and shows a total lack of understanding how the lease and drill market works. One million barrels a day does little to impact prices. Brandon wants to drain the reserves anyway in order to drive up future prices and try to kill the oil industry in a vein attempt to bolster the electric market...it won't work and will only make the pain worse. Only a call to reduce regulation and unleash drilling will flood the market with cheaper oil and bring down prices. Basic econ 101. The markets know this but will have to wait out till after the midterms
I believe the process of making batteries is also not so eco-friendly either. And right now I?m not sure if there is a eco-friendly way of disposing batteries. Don?t even talk about car batteries, we are disposing smart phones at such a quick rate too. I?m not even sure if there is a process to dispose that in a eco-friendly way.USCTrojanCPA said:morekaos said:Oil companies have little to no incentive to help an admiration that has made it a public policy to kill their industry. They make twice the profits pumping the same amount of oil they did 6 months ago. Taxing unused leases is stupid and shows a total lack of understanding how the lease and drill market works. One million barrels a day does little to impact prices. Brandon wants to drain the reserves anyway in order to drive up future prices and try to kill the oil industry in a vein attempt to bolster the electric market...it won't work and will only make the pain worse. Only a call to reduce regulation and unleash drilling will flood the market with cheaper oil and bring down prices. Basic econ 101. The markets know this but will have to wait out till after the midterms
The sad part is that cars only use a faction of the oil. The majority of the oil is used by manufacturers for chemicals, clothes, anything that has plastic in it, and jet fuel. Last time I checked planes are not going electric anytime soon. Even if 50% of all cars are EV we will still be very dependent on oil for everything else.
sleepy5136 said:I believe the process of making batteries is also not so eco-friendly either. And right now I?m not sure if there is a eco-friendly way of disposing batteries. Don?t even talk about car batteries, we are disposing smart phones at such a quick rate too. I?m not even sure if there is a process to dispose that in a eco-friendly way.USCTrojanCPA said:morekaos said:Oil companies have little to no incentive to help an admiration that has made it a public policy to kill their industry. They make twice the profits pumping the same amount of oil they did 6 months ago. Taxing unused leases is stupid and shows a total lack of understanding how the lease and drill market works. One million barrels a day does little to impact prices. Brandon wants to drain the reserves anyway in order to drive up future prices and try to kill the oil industry in a vein attempt to bolster the electric market...it won't work and will only make the pain worse. Only a call to reduce regulation and unleash drilling will flood the market with cheaper oil and bring down prices. Basic econ 101. The markets know this but will have to wait out till after the midterms
The sad part is that cars only use a faction of the oil. The majority of the oil is used by manufacturers for chemicals, clothes, anything that has plastic in it, and jet fuel. Last time I checked planes are not going electric anytime soon. Even if 50% of all cars are EV we will still be very dependent on oil for everything else.