figman
Champion Author
Chicago
Posts:7,791
Points:2,086,040
Joined:Sep 2001
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Message Posted:
5/15/2008 12:25:56 AM
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I wonder uf tomorrow will bring another record high??
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OSHAPT
Sophomore Author
Virginia
Posts:161
Points:61,895
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Message Posted:
5/14/2008 11:53:41 AM
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The great Crack Spread!
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Mr.Dirt
Champion Author
Albany
Posts:1,623
Points:1,201,130
Joined:Mar 2004
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Message Posted:
5/13/2008 9:16:22 PM
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and the price goes up
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magnumCA
All-Star Author
Los Angeles
Posts:940
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Message Posted:
5/13/2008 7:12:39 PM
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oil may of fallen but our station raised its prices
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rrmorgan224
Rookie Author
Illinois
Posts:48
Points:425
Joined:May 2008
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Message Posted:
5/13/2008 3:31:34 PM
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"Penn Virginia Corporation Announces First Quarter 2008 Results and Provides 2008 Guidance Update
May 7, 2008 4:14 PM EDT RADNOR, Pa.--(BUSINESS WIRE)--
Penn Virginia Corporation (NYSE: PVA) today reported financial and operational results for the three months ended March 31, 2008 and provided an update of full-year 2008 guidance.
First Quarter Highlights and Guidance Update
A reconciliation of non-GAAP financial measures appears in the financial tables later in this release.
In the first quarter of 2008, operating income was $60.1 million, which was $21.6 million, or 56 percent, higher than the first quarter of 2007. The increase was primarily due to 61 percent higher operating income in the oil and gas segment and 207 percent higher operating income in the natural gas midstream (PVR Midstream) segment, offset in part by two percent lower segment operating income from the coal and natural resource management (PVR Coal & NRM) segment and higher corporate general and administrative (G&A) expense.
Operating cash flow in the first quarter of 2008 increased $15.3 million, or 22 percent, as compared to the first quarter of 2007 primarily due to the increase in operating income and higher non-cash depletion, depreciation and amortization (DD&A) expense included in operating income, partially offset by an increase in cash paid to settle derivatives and higher interest expense.
The 21 percent increase in adjusted net income in the first quarter of 2008 as compared to the first quarter of 2007 was primarily due to the increase in operating income, partially offset by the increase in cash paid to settle derivatives and the increase in interest expense.
A. James Dearlove, President and Chief Executive Officer of PVA, said, "We are pleased with the performance of our oil and gas operations during the first quarter of 2008, which delivered a 21 percent production increase over the prior year quarter."
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rrmorgan224
Rookie Author
Illinois
Posts:48
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Message Posted:
5/13/2008 3:31:07 PM
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Heard a good one yesterday. The Local news was reporting an idea they had for stations to post prices per the 1/2 gallon instead of the whole gallon to make comsumers feel better about how much they are paying. So you would see prices at $2.03 instead of the whole $4.06.
Why not report the news and help the country to fight for their rights!! Report on how much the Oil companies are raping everyone and making billions!! We attacked Iraq. In return, we were supposed to get oil as part of the agreement for restructuring the country. Where is that oil??
::: I'll take who is B.S.-ing me for $500 Alex!! :::
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madpotter55
Rookie Author
Cleveland
Posts:93
Points:134,595
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Message Posted:
5/13/2008 12:14:38 PM
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$3.78 sounds like a bargin, I just logged Speedway in Cleveland, Ohio at $3.95 a gallon.
Who would want to be president????????????
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PenDoctrJD
Champion Author
Orange County
Posts:3,046
Points:1,305,640
Joined:Aug 2001
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Message Posted:
5/13/2008 12:03:28 PM
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Oh, what a surprise!
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pgerassi
Champion Author
Wisconsin
Posts:2,213
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Message Posted:
5/13/2008 11:18:37 AM
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SSDD.
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drifterON
Rookie Author
Ontario
Posts:27
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Message Posted:
5/13/2008 11:13:44 AM
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just another way for the rich to get richer and to poor to get poorer.
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pricechecker08
All-Star Author
Ohio
Posts:760
Points:166,145
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Message Posted:
5/13/2008 11:10:58 AM
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gas prices though is up 39 cents this week
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EarlyMoose
Champion Author
Seattle
Posts:1,561
Points:634,465
Joined:Dec 2005
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Message Posted:
5/13/2008 11:04:33 AM
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blah blah
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KrazyDawg
Champion Author
California
Posts:1,609
Points:267,975
Joined:Aug 2007
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Message Posted:
5/13/2008 11:03:39 AM
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Short term solution: Tax people more driving gas guzzlers until the economy is crippled.
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fishy55
Rookie Author
Michigan
Posts:83
Points:37,480
Joined:Mar 2008
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Message Posted:
5/13/2008 11:01:23 AM
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If they don't rape us for gas the oil companies won't have enough money to buy our politicians. This is ELECTION year HMMMMM! LOL
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ramshot412
Champion Author
Riverside
Posts:11,326
Points:1,134,600
Joined:Apr 2004
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Message Posted:
5/13/2008 10:59:39 AM
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"Oil drops, gas goes up! That doesn't support what the congressman told us a few days back that we're paying for the cost of oil 6 months ahead!"
Just wait, in six months they'll tell you another bedtime story......
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ursidae3
All-Star Author
Orlando
Posts:638
Points:325,375
Joined:Sep 2005
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Message Posted:
5/13/2008 10:56:13 AM
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its a game they play with us.
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mahenv7
All-Star Author
Toronto
Posts:839
Points:170,965
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Message Posted:
5/13/2008 10:55:14 AM
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blah blah blah
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eaglev
All-Star Author
Oklahoma City
Posts:667
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Message Posted:
5/13/2008 10:51:51 AM
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The price is for oil futures not todays price. The price rises on the increase but we won't see any fall for 2 months if the price does fall.
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DST43
Champion Author
Oklahoma
Posts:1,870
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Message Posted:
5/13/2008 10:51:30 AM
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Tomorrow it will hit a sixth straight record
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ujustlost
Rookie Author
Albany
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Message Posted:
5/13/2008 10:48:43 AM
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This is nothing more then old fashioned greed. People are getting rich by hiking gas prices up and further up. They are making record profits on the backs of the working man. I hope they all burn for eternity.
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miatabill
Champion Author
St. Louis
Posts:1,812
Points:152,575
Joined:Mar 2003
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Message Posted:
5/13/2008 10:46:02 AM
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Now you folks don't think the oil companies are playing with us, do you?
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copperhead8
Champion Author
Boston
Posts:4,893
Points:1,133,970
Joined:Dec 2004
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Message Posted:
5/13/2008 10:45:42 AM
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I'm well aware of it.
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BMWer
Sophomore Author
Calgary
Posts:199
Points:374,925
Joined:Dec 2003
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Message Posted:
5/13/2008 10:44:47 AM
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Long weekend in Canada = Higher gas prices !
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JoeKR
Champion Author
New Jersey
Posts:1,550
Points:506,890
Joined:Feb 2006
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Message Posted:
5/13/2008 10:44:41 AM
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Oil drops, gas goes up! That doesn't support what the congressman told us a few days back that we're paying for the cost of oil 6 months ahead!
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GPCPilot
Sophomore Author
Orange County
Posts:141
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Message Posted:
5/13/2008 10:43:57 AM
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Hmmm, oil goes up, gas goes up. Oil goes down, gas goes up. How's that work again????
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BMWer
Sophomore Author
Calgary
Posts:199
Points:374,925
Joined:Dec 2003
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Message Posted:
5/13/2008 10:43:51 AM
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Diesel jumped from $1.24 per litre to $1.30 per litre overnight at Superstore in Calgary
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McNasties
Champion Author
Milwaukee
Posts:3,920
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Joined:May 2006
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Message Posted:
5/13/2008 10:43:48 AM
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My goiter is acting up again.
It means a major world wide event will occur in two days.
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nd73
Veteran Author
Grand Rapids
Posts:338
Points:214,970
Joined:May 2007
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Message Posted:
5/13/2008 10:40:23 AM
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Speedway just jumped their price to $3.999 across the state of Michigan.
All justified by the price of crude, of course!!
Boycotts don't work, we are told. Tough. I'm boycotting Speedway.
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NissanGirl
Sophomore Author
Oregon
Posts:216
Points:121,770
Joined:Jan 2008
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Message Posted:
5/13/2008 10:39:58 AM
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Diesel went up $.20 yesterday alone to $4.59
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bvandame
Rookie Author
South Dakota
Posts:2
Points:6,215
Joined:Apr 2008
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Message Posted:
5/13/2008 10:38:25 AM
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Went up .20 in two days here.
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demnuts
Champion Author
Orlando
Posts:5,091
Points:787,820
Joined:Aug 2003
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Message Posted:
5/13/2008 10:38:10 AM
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same increases here in fl
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eaglev
All-Star Author
Oklahoma City
Posts:667
Points:270,695
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Message Posted:
5/13/2008 10:34:53 AM
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Here it went up .12 on Sunday then .13 on Monday! that just not right
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jhasam
Sophomore Author
South Carolina
Posts:237
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Message Posted:
5/13/2008 10:34:05 AM
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Great comments by OKRifle... just wish his suggestions could be put into practice.
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Fisch2
Veteran Author
Grand Rapids
Posts:292
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Message Posted:
5/13/2008 10:33:23 AM
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Thanks, media, for telling me that it's a new record everyday.
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Lizzylou
Champion Author
Stockton
Posts:1,153
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Message Posted:
5/13/2008 10:32:15 AM
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WOW--gas going up oil going down--interesting!!!
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bicycler
Champion Author
Ontario
Posts:5,739
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Message Posted:
5/13/2008 10:31:01 AM
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There seems to me that there are enough reasons to go around for the price of gas to go up or at least to maintain the high cost. The pundits trot out their reasons fill up the papers and news reports adnauseam.
Then a few point out the quarterly profit reports of the oilbaron companies with little if any condemnation. Why do those pundits and news reporters not go after the oil companies? The media is also part of the free enterprise system but they are not part of the misuse of that system.
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don985
Champion Author
Denver
Posts:1,375
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Message Posted:
5/13/2008 10:30:41 AM
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I agree with OKRifle. Let's look long term.
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Gas_Buzzer
Champion Author
South Carolina
Posts:6,070
Points:1,035,120
Joined:Sep 2005
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Message Posted:
5/13/2008 10:27:36 AM
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No surprise here.
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NavyEOD
Champion Author
Los Angeles
Posts:1,590
Points:358,260
Joined:Jul 2007
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Message Posted:
5/13/2008 10:25:20 AM
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Stop the records.
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kaaato
Rookie Author
Boston
Posts:65
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Message Posted:
5/13/2008 10:24:26 AM
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OKRifle has some good points - the most important is to remove as many congressmen/congresswomen as possible and get a new fresh group in to help get things under control - we need to become more self-reliant and it is not going to happen with who we now have in office - only one problem - most good, honest and clear thinking people won't or don't want to run for office and be put through the ringer by the press. It is time for the "common man/woman to speak up and step up".
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kanmandoo
All-Star Author
Detroit
Posts:928
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Message Posted:
5/13/2008 10:24:14 AM
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so what else is new?
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laddyboy62
Champion Author
Riverside
Posts:1,210
Points:921,185
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Message Posted:
5/13/2008 10:23:56 AM
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more to follow i'm sure
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lleddirj
All-Star Author
Michigan
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Message Posted:
5/13/2008 10:22:21 AM
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3.99 here
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zuke519
Rookie Author
Georgia
Posts:45
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Message Posted:
5/13/2008 10:21:53 AM
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us4usa has a super suggestion - stocking up on shoes! Love it...
OKRifle is right though...long term solutions is the key...STOP USING OIL!
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ariccougar
Sophomore Author
Utah
Posts:106
Points:12,095
Joined:Jun 2007
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Message Posted:
5/13/2008 10:21:14 AM
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You know what this article is equivalent to? Basically saying... Give me $60 and I'll give you 9 cents back (after you pay me). The prices could go down by 1/2 and i still would not feel that its acceptable.
The gas companies are either gouging customers OR they have failed to run their business properly and lost control of being a reputable stable business supporting the public good. Leaders of these companies should be in jail and new people (maybe private maybe government) should take over. Maybe hugo chevez had it right? Well not really, but the idea of punishing those who failed to run their business properly is something i support. They deserve to lose everything, since the rest of us are at their hand.
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mvosevich
All-Star Author
St. Louis
Posts:952
Points:197,275
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Message Posted:
5/13/2008 10:20:56 AM
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Gas is going up while crude is falling, sounds like big oil is still on a roll.
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xdwing
Rookie Author
Cleveland
Posts:5
Points:675
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Message Posted:
5/13/2008 10:17:56 AM
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Gas is still going up... I wont be surprised if it hits 5.00 a gal by the end of june..
[Edited by: xdwing at 5/13/2008 10:18:39 AM EST]
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OKRifle
All-Star Author
Oklahoma City
Posts:841
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Message Posted:
5/13/2008 10:17:48 AM
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I don't mean to be redundant, but.....we have to start thinking "long term"!
Short term approach:
1. Remove any and all Congressmen/Congresswomen that suck up to environmentalist!
2. Pressure the Executive Branch for drilling rights in ANWR and then DO IT!
3. Demand that the Congressmen/Congresswomen (that are left after the purge) pressure the oil companies to start building refineries (incentives help).
4. Send the message to OPEC and other rouges that we are deadly serious about stopping the hemorrhage!
Long term #1:
1. Pressure the Executive Branch to charter a Blue Ribbon Committee reporting to the President to create a plan to develop an alternative fuel system and alternative power engine for all levels of vehicles! Put execution of the plan under the Dept. of Energy with a select civilian oversight panel not made up of politicians. Oh, did I mention that no oil executive should be invited to sit on the committee?
2. Create a National Laboratory (like Los Alamos/Manhattan Project) with true leadership and with the same resolve and focus as was created to build the Atomic Bomb (took 28 months).
3. Populate the lab with scientist and engineers to come together with a dedicated mission to "develop an alternative fuel system and alternative power engine for all levels of vehicles"!
Long term #2:
Ditto the same process for a National Power Grid using every feeder source available known to man, i.e., wind power, nuclear, solar, hydro systems, and even coal. Focus a “brain trust” talent group to study new power generation concepts!
God Bless America and protect its future!
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petroltom
Sophomore Author
Seattle
Posts:234
Points:116,185
Joined:Oct 2006
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Message Posted:
5/13/2008 10:17:33 AM
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No more will short term solutions work as long as China and India and others demand is rising. We need a stronger economy to compete worldwide.
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spunky4443
All-Star Author
Washington
Posts:791
Points:384,700
Joined:May 2005
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Message Posted:
5/13/2008 10:17:11 AM
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There seems to be no end to the Madness.
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