Oil Industry Chiefs

"…Oil chiefs say high prices not our fault

By H. JOSEF HEBERT, Associated Press Writer 10 minutes ago
WASHINGTON – Don’t blame us, oil industry chiefs told a skeptical Congress. Top executives of the country’s five biggest oil companies said Tuesday they know record fuel prices are hurting people, but they argued it’s not their fault and their huge profits are in line with other industries.
ADVERTISEMENT

Appearing before a House committee, the executives were pressed to explain why they should continue to get billions of dollars in tax breaks when they made $123 billion last year and motorists are paying record gasoline prices at the pump.
"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, aiming his remarks at the five executives sitting shoulder-to-shoulder in a congressional hearing room.
"Our earnings, although 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, senior vice president of Exxon Mobil Corp., which made a record $40 billion last year.
"We depend on high earnings during the up cycle to sustain … investment over the long term, including the down cycles," he continued.
The up cycle has been going on too long, suggested Rep. Emanuel Cleaver, D-Mo. "The anger level is rising significantly."
Alluding to the fact that Congress often doesn’t rate very high in opinion polls, Cleaver told the executives: "Your approval rating is lower than ours, and that means you’re down low."
Several lawmakers noted the rising price of gasoline at the pump, now averaging $3.29 a gallon amid talk of $4 a gallon this summer.
"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 including representatives of BP America Inc., Chevron Corp. and ConocoPhillips.
While Democrats hammered the executives for their profits and demanded they do more to develop alternative energy sources such as wind, solar and biofuels, Republican lawmakers called for opening more areas for drilling to boost domestic production of oil and gas.
What would bring lower prices? asked Rep. James Sensenbrenner of Wisconsin, the committee’s ranking Republican
"We need access to all kinds of energy supply," replied Robert Malone, chairman of BP America, adding that 85 percent of the country’s coastal waters are off limits to drilling.
But Markey wanted to know why the companies aren’t investing more in energy projects other than oil and gas — or giving up some tax breaks so the money could be directed to promote renewable fuels and conservation and take pressure off oil and gas supplies.
"Why is Exxon Mobil resisting the renewable revolution," asked Markey, noting that the other four companies together have invested $3.5 billion in solar, wind and biodiesel projects.
Exxon is spending $100 million on research into climate change at Stanford University, replied Simon, but current alternative energy technologies "just do not have an appreciable impact" in addressing "the challenge we’re trying to meet."
The appearance Tuesday before the Select Committee on Energy Independence and Global Warming was not the first time that oil executives had faced the harsh words of a lawmakers frustrated over their inability to do anything about soaring oil and gasoline costs.
In November 2005, executives of the same companies sought to explain high energy costs at a Senate hearing at which Hofmeister emphasized the cyclical nature of his industry. "What goes up almost always comes down," he told the senators on a day when oil cost $60 a barrel.
About six months later, the executives were grilled again on Capitol Hill when a barrel of oil cost $75. As the three-hour House hearing came to a close Tuesday, the price of oil settled at just over $100 a barrel on the New York exchange.

"We face a new reality, volatility, high prices, greater competition for resources," said Peter Robertson, vice president of Chevron Corp., adding that he understands that "Americans see the pain" of $100-a-barrel oil.

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.

They responded that their companies already are spending on alternative energy projects and argued that new taxes would dampen investment and could lead to even higher prices.

"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," said Simon. He said over the past five years Exxon Mobil‘s U.S. tax bill exceeded its U.S. earnings by $19 billion.

Markey was not impressed.

"These companies are defending billions of federal subsidies … while reaping over a hundred billion dollars in profits in just the last year alone," he said. The companies are reaping "a windfall of revenue" while poor people have to choose between heating and eating because of high energy prices.

Elsewhere on Tuesday, many independent truckers parked their rigs and others slowed to a crawl on highways to protest high fuel prices. The demonstrations were only scattered, but long lines of trucks were moving at about 20 mph on the New Jersey Turnpike, and three drivers were ticketed for impeding traffic on Interstate 55 outside Chicago, driving three abreast at low speeds."

Tips On Pumping Gas

TIPS ON PUMPING GAS

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.

A 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.

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 f 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!

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

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

B P/Phillips…………0 barrels

Hess…………………0 barrels

ARC0………………..0 barrels

If you go to Sunoco.com, you will get a list of the station locations near you.

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. 

 

Author Unknown

“The IDEA” Consumers Initiate Gas Price War!

 

HOW WE CAN GET GAS BACK DOWN TO $1.30 PER GALLON 
Source:  A retired…executive received this from one of his engineer buddies, Phillip Hollsworth, who retired from Halliburton.  Phillip Hollswort’s "IDEA"  makes MUCH MORE SENSE than the "don’t buy gas on a certain day” campaign that was going around last April or May!  It’s worth your consideration. Join the resistance!!!! 

Oil companies just laughed, knowing The public only "hurt and inconvenienced themselves" by not buying gas.  We The People, as consumers, want gasoline prices to come down?  Intelligent-United Action is needed to fight the $4.00/gallon, and higher, by next summer! 

Oil companies and OPEC nations have conditioned us to think that the cost of a gallon of gas is CHEAP at $1.50 – $1.75; we need to "take aggressive action" to teach and show them that BUYERS control the marketplace. Not sellers To get gas prices down,
"we hit them in the pocketbook by not purchasing THEIR gas!" And, we can do that WITHOUT hurting ourselves. 
  
How?  Since we all rely on our cars, we can’t just stop buying gas. 
We CAN have an impact on gas prices if we all "act together to force a price war". 
  
The Idea:
"…DON’T purchase ANY gasoline from EXXON and MOBIL."   
 
If the two biggest companies can’t sell gas, they will be inclined to reduce their prices.   If they reduce their prices, the other companies will have to follow suit.  We The People can initiate Our Own Gas Price War by using the internet, and other methods of advertising, to Reach Millions of Exxon and Mobil gas buyers.

  
The originator of this idea sent 30 emails to his address book who in turn sent at least ten emails to their address book. (30 x 10) = 300.  Those 300 sent 10 emails (300 x 10) = 3000…and so on…The sixth group of people will have reached THREE MILLION consumers.  Then those three million continue the fight for the cause to THIRTY MILLION consumers.  The next level would reach THREE HUNDRED MILLION PEOPLE!!!!  We all know how this works and if you want to put your time and money…where your mouth is…then you will all do your part for the cause that will initiate Our Own Gas Price War.  
All you have to do is just let people know about this.  That’s all! 
  
How long would all that take?  If each of us gets this message out to ten people, or more, within one day of receipt, all 300 MILLION people could conceivably be contacted within the next 8 days!!!  I’ll bet you didn’t think you and I had that much potential, did you!  Acting together we can make a difference.  (Some of us can send five, while others can send 10 or more messagess out)  Just make the effort for the cause for yourself and others!  And keep in mind, for our future generations and the environment, to conserve the usage of gasoline when at all possible. 

And for those who have been conditioned to believe the rhetoric, for the most part, that we are facing a shortage, just remember those significant people that have financial benefit.  It is believed that the political arena has a vested interest in the rhetoric.  Oil companies, corporations, and others have gained financially at the consumers expense.  If you have been listening to the news, you know that their pocketbooks have "unreasonable" financial gains…
    
Make YOUR commitment now!  ‘We the people will not buy from EXXON/MOBIL UNTIL THEY LOWER THEIR PRICES TO THE $2.00 RANGE AND KEEP THEM DOWN."    Use your imagination and efforts to get this out to the millions of consumers.  The internet.  Make up flyers to reach ALL the consumers.  Word of mouth still remains an excellent method of advertising.  Post it on your blogs, your website, etc.  Just do your part in some way!

Mary Martin, Programmer/Analyst, WhittierUnion High School District,

It is assumed that Mary Martin started this initiative via internet email…