Lets not forget Standard Oil either.

 

I won't buy Chevron/Texaco gas anymore because they stopped sponsoring the Saturday Metropolitan Opera broadcasts.


BTW, I though Getty was bought by Yukos of Russia?

 

On the topic of Unocal. Some have said they buy Unocal gas.....Unocal no longer sells gasoline. The 76 stations used to be owned by Unocal until the sale of the 76 Products division (announced November 1997). 76 Products (old union76/Unocal76) was sold to Tosco, which was bought by Phillips, which was bought by Connoco. Unocal is basically an oil exploration company now. I worked for Unocal (76 Products division) from 1974 until the sale to Tosco.

 

I appreciate it!

 

The next merger should concern you....Chevron/Texaco and now they are buying Union76....less competetion = HIGHER prices Funny how a barrel of oil on the open market goes up 50 cents and the price is reflected at the gas pump immediately But, when the spot price goes down one dollar the next day the price does not drop...are we being F'd or what Two weeks ago an article in the business section mentioned that two CEO's of the big oil companies were getting a huge annual bonus (millions) because profits were up What is up with this????

 

The Justice Department will be breaking up this monopoly when pigs grow wings and they are squeezing the last dime from the pockets in your burial suit

 

A little more inside info, back in 1999 Shell and Texaco merged some of there Refinery's 10 plants total, we used to be a Texaco plant, it was called Equillon, it lasted about 2 years it turned out to be a bad venture, when Chevron merged with Texaco Shell had its pick of which Refinery's stayed Shell now we are a Shell Refinery, that is why some stations switched to Texaco brand fuels and some went to Shell fuels, Chevron was the first to pattern there Techron additive it is very good, all others came up with there own blend that are very similar and Chevron had a big lawsuit filed against other refiners over it,I can't say to much but I can tell you that we are taxed heavily if we keep an inventory supply of fuel and that you are taxed alot on a gallon of fuel,stay with the brand that you trust I run Shell only and I would never buy from those independant stations you never know what your getting, price is fast to go up at the pump because of the inventory issues we sell it as fast as we make it oil prices go up fuel prices go up, its still a supply and demand Crude oil is traded on the market !!

 

When I bought my car about 8 months ago it had the sticky fuel gauge problem where it would take for ever for the gauge to hit full after a fill up. I bought my first tank at Texaco and my second and the problem was cured.

 

You asked.
I’ll tell you what’s up with this. Your ill informed and probably watched to many re-runs of “Dallas”. You’re comment of less competition equals higher prices is inaccurate. It’s a supply and demand market. Oil is openly traded as a commodity on the stock market. Secondly, the price at the pump does reflex the price per barrel of oil but the adjustments to the price at the pump move much slower – they don’t move like the spot price you see from the stock market. And lastly your comment “Two weeks ago an article in the business section mentioned that two CEO's of the big oil companies were getting a huge annual bonus (millions) because profits were up”
Yes – so what. CEO’s from all industries get big fat bonuses when they make $$ for their companies. These articles are a dime a dozen from left wing, bleeding heart, west cost, I’ll write anything to sell a paper, editors. If you’re really interested in finding out the whole story I suggest you do some research on the subject. Soon you’ll realize that you haven’t seen anything yet. This country imports most of its oil. We rely on foreign oil. This country is hungry for energy but our supply can’t keep up with its demand. I remember the 70’s. Can you say Oil Embargo……….

 

I agree but we sure as hell can spend BILLIONS of dollars trying to take control of the oil in Iraq.

Shoulda spent those billions developing this country. The last time we didn't spend money developing, we ended up buying steel from Japan.

How'd that go? Not toooo good.

I try to use Sunoco around here. We don't have Chevron, Amoco makes me ping, shell screws up my gas gauge and the local Texaco is a Kangaroo...whatever he f-ck that is.

Mark

 

not looking for the explanation, just know it works!

 

Are you saying Texaco and Chevron merged??? Out here in California Shell bought Texaco, they replaced my Texaco credit card with a Shell card. And yes, the general consensus is that Chevron is best.

 

[QUOTE=Gofasterdad]I’ll tell you what’s up with this. It’s a supply and demand market. Oil is openly traded as a commodity on the stock market. This country is hungry for energy but our supply can’t keep up with its demand. QUOTE]


BUT, one major issue, for some reason, the media continues to shy away from mentioning, is that there really ISN'T any such supply problem, in the figurative sense of the word.

There is more than plenty of oil to be had, but these oil companies have conspired to maintain the illusion of there being a shortage, by closing down certain key refineries, and refusing to construct any new ones.

Therefore, as demand increases, the only place for prices to go IS up and up and up!

And then there is this nonsense regarding "concerns over the POSSIBILITY of some disruption in the supply of oil", which contributes to higher prices.

Exactly what brainiac thought THAT one up? Imagine the response I would get from my boss if I were to go into his office and demand a pay raise because I was concerned that someday an asteroid might strike the planet? I'd get laughed right out of his office. But that's just what the oil companies are doing and we are laughing THEM out of office.

And what's REALLY sad about it, is that they actually get away with it, and nobody ever says a thing!

As long as there is an "oil man" in the Whitehouse, a blind eye will be turned away from the atrocities being committed by the oil companies upon the American public.

 

We’re off the subject but I feel obligated to help you understand what the facts are concerning this issue. I’ll finish with this.
It will be impossible to educate the masses but I can assure you sir that the oil companies have not conspired an illusion that there is a shortage. “but these oil companies have conspired to maintain the illusion of there being a shortage, by closing down certain key refineries, and refusing to construct any new ones.”
The closing of many refineries is due in fact that they weren’t making a profit. If a plant / business losses $$ it closes its door, it doesn’t make plans to expand.
“There is more than plenty of oil to be had” – you’re correct. Not domestic oil though, foreign oil – at a price.
“As long as there is an "oil man" in the Whitehouse, a blind eye will be turned away from the atrocities being committed by the oil companies upon the American public.”
Spoken like a true liberal that doesn’t have a clue what’s going on. You’re the one creating illusions here. President Bush has a successful record concerning business – he’s made $$ doing it, verses another attorney / politician that plays with cigars.

 

I use whatever's the least expensive.

 

EXACTLY...Well done!

 

I'm not getting in this discussion, but in my opinion, I don't see how anyone can defend the current gas prices given the current situation.

 

Lets not forget the millions, or is it billions, of new drivers and cars in China all competing for the same "foreign oil". Unfortunately for us, its a sellers market and I don't see any relief soon. Paid $2.63 for 87 octane for my daily driver yesterday. Premium was $2.89.

 

hmmm I will put just about any gas in my Vette. Does not really make much difference. Mainly I use BP and Mobil, but 76, Chevron, etc will work just fine. Ohhhh and if I am taking the Vette on a long drive I use REGULAR ....gasp otherwise I use PREM.

Long UCL (Unocal)
It will not lead to higher prices and Justice Dept. will not break up this merger. It is a good thing

 

This is info from the Dept. of Energy
Top 5 Middle Eastern oil Importers:
1- Shell 205,742,000 barrels
2- Chevron/Texaco
3- Exxon/Mobile
4- Marathon/speedway
5- Amoco
--------------------------------------


Citgo - 0
Sunoco - 0
Conoco - 0
BP/Phillips - 0
Hess - 0
Sinclair - 0