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#51
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On Mon, 09 May 2005 15:14:39 -0700, Hank > wrote:
>Just a lurker here... > >In last weeks Arizona Republic newspaper here in Phoenix they ran an >article on 20%gasoline/80% grain alchol. It is available in Tucson for >$1.83/gallon and runs in about 80% of the vehicles on the road without >any changes. It went on to say that it was even cheaper in the midwest >where we have an oversupply of grain and it is produced locally. > >I have not seen much else on this. Too bad. That would cut back our >reliance on foreign oil. > >hank Before anyone gets too excited about this (how long have we had stuff about corn-based alcohol for fuel thrown at us?) why not find out what it would take to replace even 10% of the U.S. oil usage by this method? -Rich |
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#52
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RichA wrote:
> On Mon, 09 May 2005 15:14:39 -0700, Hank > wrote: > > >>Just a lurker here... >> >>In last weeks Arizona Republic newspaper here in Phoenix they ran an >>article on 20%gasoline/80% grain alchol. It is available in Tucson for >>$1.83/gallon and runs in about 80% of the vehicles on the road without >>any changes. It went on to say that it was even cheaper in the midwest >>where we have an oversupply of grain and it is produced locally. >> >>I have not seen much else on this. Too bad. That would cut back our >>reliance on foreign oil. >> >>hank > > Before anyone gets too excited about this (how long have we had > stuff about corn-based alcohol for fuel thrown at us?) why not > find out what it would take to replace even 10% of the U.S. oil > usage by this method? > -Rich I wouldn't necessarily say this route would be desirable. It we rely on grain to make alcohol it could raise the price of numerous foods like bread, meat etc. All we might do is spend less on gasoline and more on food. It could also raise the price to feed poor and undeveloped countries. If this happens then we haven't accomplished much for our efforts. |
#53
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I think therein lies the difference. With regard to one's home, you're
speaking of something directly and personally close to home, where when you speak of corporations, there is a detachment there, and being less personal is not viewed in the same light. On Tue, 10 May 2005 01:38:32 -0400, "Michael Johnson, PE" > wrote: >My point was that most people will complain when someone makes a profit >from them but think it's justified when they are on the receiving end. >Any profit is subject to tax liabilities. The capital gains on home >sales many times aren't taxed. I hope everyone maximizes the profit for >whatever endeavor they persue. I know some of mine will go toward a >GT500, if Ford actually builds it. > >Spike wrote: >> Possibly you forget something about selling a home. Market value goes >> up, a seller is not apt to sell for less than their neighbors are >> getting for an equal home. It's also a fact that when one sells a >> home, there are tax liabilities (or at least there were... I haven't >> checked in a while). And you have to get enough so you can afford to >> get into someplace else. If everyone else has jacked up their prices, >> you're about forced to do the same. Finally, the big drop in interest >> rates has made a major difference in home sales. Personally, I am not >> going to complain that my $119K home 13 years ago is now valued at >> over $320K. After all, it paid for the restoration and modifications >> to my Mustang. : ) >> >> On Tue, 10 May 2005 00:26:36 -0400, "Michael Johnson, PE" >> > wrote: >> >> >>>Richard wrote: >>> >>>>"Michael Johnson, PE" > wrote in message ... >>>> >>>> >>>>>I would think about giving them incentives to develop alternative energy >>>>>sources. Maybe tie their tax rate to importation of foreign oil too. >>>>>We need to be much more self sufficient. The only way to drop the price >>>>>is to increase supply. >>>> >>>> >>>>Maybe but probably not. Don't forget that the supply side is dominated by a >>>>cartel (OPEC). In a global economy the floor price will be the OPEC price. >>>>Unless of course you are suggesting that there be price controls set by >>>>government. Believe me, price controls offer short term gain for long term >>>>pain. >>> >>>OPEC in and of itself is intended to be a price controlling entity. I >>>don't support price controls either. I do support creating incentives >>>to entice companies to develop alternative sources of energy for profit. >>> >>> >>>>>I see the same huge profits in the housing industry right now in the >>>>>Washington, DC area. There are way more buyers than homes. Funny how >>>>>the homeowners that complain about the oil company profits don't mind >>>>>selling their home and gouging the next buyer for a $500k profit. >>>> >>>> >>>>In a free market how do you equate market prices with gouging? To the best >>>>of my knowledge no one was holding the buyer hostage or a gun to their head. >>>>In fact the resale side of the housing market is a near perfect example of a >>>>free market economy. >>> >>>The same people complaining about oil company profits will "take" a >>>profit on the sell of their home in a minute. That kind of profit is >>>just fine to them. I don't subscribe to the notion that one type of >>>profit is good and another is bad. The oil companies charge what we >>>will pay, just like a homeowner does when selling a house. No one >>>forces you to fill your tank either. I wasn't forced to drive a gas >>>guzzling Explorer but I do and I don't blame the oil company every time >>>I spend $40 to fill it up when I could buy a frugal econobox that fills >>>up on $10 that would last me two weeks until the next fill-up. For that >>>matter you (and I) could live near a bus stop and use public >>>transportation to get around and never buy a tank of gas for the rest of >>>our lives. Millions upon millions do it every day in this country. A >>>free market economy requires us to take the good with the bad. If we >>>don't then it's really not a free market. >> >> >> Hey! Spikey Likes IT! >> 1965 Ford Mustang fastback 2+2 A Code 289 C4 Trac-Lok >> Vintage Burgundy w/Black Standard Interior >> Vintage 40 Wheels 16X8" >> w/BF Goodrich Comp T/A Radial 225/50ZR16 Hey! Spikey Likes IT! 1965 Ford Mustang fastback 2+2 A Code 289 C4 Trac-Lok Vintage Burgundy w/Black Standard Interior Vintage 40 Wheels 16X8" w/BF Goodrich Comp T/A Radial 225/50ZR16 |
#54
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"Michael Johnson, PE" > wrote > I wouldn't necessarily say this route would be desirable. It we rely on > grain to make alcohol it could raise the price of numerous foods like > bread, meat etc. All we might do is spend less on gasoline and more on > food. I need to go on a diet anyway. -- Scott W. '66 HCS Mustang 289 '68 Ranchero 500 302 '69 Mustang Sportsroof 351W ThunderSnake #57 http://home.comcast.net/~vanguard92/ |
#55
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Michael Johnson, PE wrote:
> My point was that most people will complain when someone makes a profit > from them but think it's justified when they are on the receiving end. > Any profit is subject to tax liabilities. The capital gains on home > sales many times aren't taxed. I hope everyone maximizes the profit for > whatever endeavor they persue. I know some of mine will go toward a > GT500, if Ford actually builds it. > In Exxon's case it is not profit that I am against, it is record profits that were reported since the rise in the price of oil. -- What's black and looks good on a spammer? ....Gangrene. William R. James |
#56
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WindsorFox[SS] wrote:
> Michael Johnson, PE wrote: > >> My point was that most people will complain when someone makes a >> profit from them but think it's justified when they are on the >> receiving end. Any profit is subject to tax liabilities. The capital >> gains on home sales many times aren't taxed. I hope everyone >> maximizes the profit for whatever endeavor they persue. I know some >> of mine will go toward a GT500, if Ford actually builds it. >> > > In Exxon's case it is not profit that I am against, it is record > profits that were reported since the rise in the price of oil. They get some short term benefits in profitability but if the prices stay high for long enough they will loose profits to other energy providers and increased conservation. We have enjoyed basically stagnant gas prices for the last 25 years. There is a new dynamic in the demand for the world's energy resources that are going to increase the price we pay for imported oil. While it will may be painful in the short term I believe the increased prices will eventually force us to develop cheaper and cleaner energy sources. In the end we all (especially our children and grandchildren) will be better off for it. |
#57
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Those corporate profits are the dividend payments for a shareholder. In
the end it results in a person's income whether it be the sell of a house or a gallon of gas generating the profit. I find it extremely hypocritical that a person can justify taking $500k profit from one individual and then trash an oil company for taking a mere fraction of that from the same individual over their entire lifetime? Spike wrote: > I think therein lies the difference. With regard to one's home, you're > speaking of something directly and personally close to home, where > when you speak of corporations, there is a detachment there, and being > less personal is not viewed in the same light. > > On Tue, 10 May 2005 01:38:32 -0400, "Michael Johnson, PE" > > wrote: > > >>My point was that most people will complain when someone makes a profit > >>from them but think it's justified when they are on the receiving end. > >>Any profit is subject to tax liabilities. The capital gains on home >>sales many times aren't taxed. I hope everyone maximizes the profit for >>whatever endeavor they persue. I know some of mine will go toward a >>GT500, if Ford actually builds it. >> >>Spike wrote: >> >>>Possibly you forget something about selling a home. Market value goes >>>up, a seller is not apt to sell for less than their neighbors are >>>getting for an equal home. It's also a fact that when one sells a >>>home, there are tax liabilities (or at least there were... I haven't >>>checked in a while). And you have to get enough so you can afford to >>>get into someplace else. If everyone else has jacked up their prices, >>>you're about forced to do the same. Finally, the big drop in interest >>>rates has made a major difference in home sales. Personally, I am not >>>going to complain that my $119K home 13 years ago is now valued at >>>over $320K. After all, it paid for the restoration and modifications >>>to my Mustang. : ) >>> >>>On Tue, 10 May 2005 00:26:36 -0400, "Michael Johnson, PE" > wrote: >>> >>> >>> >>>>Richard wrote: >>>> >>>> >>>>>"Michael Johnson, PE" > wrote in message ... >>>>> >>>>> >>>>> >>>>>>I would think about giving them incentives to develop alternative energy >>>>>>sources. Maybe tie their tax rate to importation of foreign oil too. >>>>>>We need to be much more self sufficient. The only way to drop the price >>>>>>is to increase supply. >>>>> >>>>> >>>>>Maybe but probably not. Don't forget that the supply side is dominated by a >>>>>cartel (OPEC). In a global economy the floor price will be the OPEC price. >>>>>Unless of course you are suggesting that there be price controls set by >>>>>government. Believe me, price controls offer short term gain for long term >>>>>pain. >>>> >>>>OPEC in and of itself is intended to be a price controlling entity. I >>>>don't support price controls either. I do support creating incentives >>>>to entice companies to develop alternative sources of energy for profit. >>>> >>>> >>>> >>>>>>I see the same huge profits in the housing industry right now in the >>>>>>Washington, DC area. There are way more buyers than homes. Funny how >>>>>>the homeowners that complain about the oil company profits don't mind >>>>>>selling their home and gouging the next buyer for a $500k profit. >>>>> >>>>> >>>>>In a free market how do you equate market prices with gouging? To the best >>>>>of my knowledge no one was holding the buyer hostage or a gun to their head. >>>>>In fact the resale side of the housing market is a near perfect example of a >>>>>free market economy. >>>> >>>>The same people complaining about oil company profits will "take" a >>>>profit on the sell of their home in a minute. That kind of profit is >>>>just fine to them. I don't subscribe to the notion that one type of >>>>profit is good and another is bad. The oil companies charge what we >>>>will pay, just like a homeowner does when selling a house. No one >>>>forces you to fill your tank either. I wasn't forced to drive a gas >>>>guzzling Explorer but I do and I don't blame the oil company every time >>>>I spend $40 to fill it up when I could buy a frugal econobox that fills >>>>up on $10 that would last me two weeks until the next fill-up. For that >>>>matter you (and I) could live near a bus stop and use public >>>>transportation to get around and never buy a tank of gas for the rest of >>>>our lives. Millions upon millions do it every day in this country. A >>>>free market economy requires us to take the good with the bad. If we >>>>don't then it's really not a free market. >>> >>> >>>Hey! Spikey Likes IT! >>>1965 Ford Mustang fastback 2+2 A Code 289 C4 Trac-Lok >>>Vintage Burgundy w/Black Standard Interior >>>Vintage 40 Wheels 16X8" >>>w/BF Goodrich Comp T/A Radial 225/50ZR16 > > > Hey! Spikey Likes IT! > 1965 Ford Mustang fastback 2+2 A Code 289 C4 Trac-Lok > Vintage Burgundy w/Black Standard Interior > Vintage 40 Wheels 16X8" > w/BF Goodrich Comp T/A Radial 225/50ZR16 |
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