GASOLINE & ENERGY GREED!
By Tom Hyland
Was gonna put this under poetry - to get more 'hits' - but decided to be Honest for a change!
Just more of my ranting n' raving? Maybe!
Perhaps a little different 'angle' or approach? Maybe!
Nevertheless, do yourself a favor - after reading this, go read ALL from the 2 URL links given -
LEARN SOMETHING! WAKE UP! GET PISSED!
TO MATLACK -
IF THIS IS TOO LONG FER YER 'FEEBLE BRAIN' ...
THEN ... BYTE ME! :) :) :) ...
P.S. Read the TEXT on Pic T-Shirt!
Gasoline & Energy Greed
© - Tom Hyland - 06-26-09
What has the Stock Market got to do with the Price of Gas?
Consider this Scenario - Pure Fiction:
Say the Station Owner gets his underground tanks filled.
Say it’s the First of the Month, and he gets 20,000 Gallons.
Say he Pays only $1 per gallon = $20,000.
Say he is Charging only $1.50 per gallon (Fantasy).
So - say this lasts about 10 days.
Then - he took in $30,000 - a 50% Profit - not bad, huh?
Say on the 11th, he gets Refilled at $1.50 per gallon.
Cost = $30,000 - so, he raises Price to $2.00.
Ten more days pass - he takes in $40,000.
This time, Profit is only $10,000, same as 1st time -
So - he now has a total Profit of $20,000 for 20 days.
Still not bad - that’s $1,000 per day on Average.
On the 21st, Third delivery at $2.00 per gallon.
So - he ups Price to $2.50, and Grosses another $10,000.
So - in 30 Days, he reaps a Gross Profit of $30,000.
Still an Average of $1,000 per day - Still Not Bad, Right?
Now - what does all of this have to do with the Price of Eggs?
All of the above was Predicated on a Simplistic Example -
Using Regular Unleaded 87 Octane Gas - Okay?
So - now, let’s ‘Muddy the Water’ just a tad!
He really has Three Different Octanes - Plus Diesel Fuel.
But - the Principle involved is still the Same.
Cost + Mark-Up = Price per Gallon.
Gross Sales - Actual Cost of Goods Sold = Gross Profit.
A Basic Accounting Principle is the Method of Valuing Inventory.
FIFO = First In - First Out.
LIFO = Last In - First Out.
So - Even if he only takes One Annual Inventory -
At the End of the Year - say 10,000 gallons are still in the tanks.
And - the Last Price paid was $2.00 Each -
Then - the Value of the Balance left is $20,000.
Opening Inventory + Purchases - Ending Inventory =
Cost of Goods Sold. Say - he Started with 10,000 Gallons +
Bought 60,000 per Month X 12 = 720,000 Gals. Purchased -
Minus 10,000 gals. = 720,000 Gals. Sold.
Say - Average Cost was $1.75 per gallon -
And Average Sales Price was $2.25 each -
Then Gross Profit was a mere $360,000.
50 Cents Times 720,000 - Not Bad!
So - what’s my Point -
After doing all this High-Faluting Math?
The Point is Simple - The Public is being Raped!
Thousands of Gas Station Owners are Crooked!
And the Guv’mint turns a Deaf Ear!
Cheaters Don’t Get Audited Properly!
How So? You may Ask!
If any individual Owner simply Changes
His method of Valuing Inventory -
It Results in Claiming a Higher Cost of Goods Sold!
This Reduces Gross Profit before Expenses!
On Paper - his Tax Return -
The Sly Slob Shows Less Profit -
And Pays Less Taxes!
Now - we’ve Only been talking about Millions Of Gallons of Gas -
Apply this same Principle to Millions of Barrels of Crude Oil!
If Early in the Year, a Barrel only Cost $65.
And End of Year Cost $100 - what would You Claim?
Billions of Dollars of Inflated ‘Cost of Goods Sold’
Results in Understated Profits and Underpaid Taxes!
“But Tom” - You may say:
“How Can This Be?”
There’s the GAAP -
Generally Accepted Accounting Principles!
Sure! Sure! Sure!
Remember ENRON and Arthur Anderson?
“Big Bro” was Asleep at The Switch -
Way back Then - Wasn’t He?
They ‘Played Games’ with Millions of Kilowatts of Electricity
And Got Away with it - Didn’t They?
They ‘Cooked the Books’ -
The CPA’s ‘Fudged the Figures’ -
And the State of California and John Q. Public -
PAID THE TAB!
What a Piece of Work!
After California Senator Gramm got his De-Regulation Act Passed -
Thirty-Eight - 38 - Blackouts were Intentionally Perpetrated
By ENRON’s Traders and Marketers!
FORTUNE MAGAZINE’S ‘DARLING’ -
FOR SIX CONSECUTIVE YEARS -
BIT THE DUST!
GREED? FRAUD? DECEPTION?
INTERNATIONAL STOCK MANIPULATION?
OUTRIGHT THIEVERY? CORRUPTION?
LOST JOBS? LOST PENSIONS?
GAS - OIL - ELECTRICITY - WINDMILL FARMING -
PIPELINES - LIQUID PROPANE GAS - PETRO-CHEMICALS -
PAPER-PULP PRODUCTION -
WATER CONTROL - FOREIGN INTRIGUE -
GULF OF MEXICO EXPLORATION -
MARINER ENERGY INC. HOUSTON, TX.
AND MORE ... MORE ... MORE... !
WHERE WAS CONGRESS?
WHERE WAS ‘THE ADMINISTRATION’?
DIDN’T THEY ‘LEARN’ ANYTHING?
OR - WERE ALL THE ‘OIL BARONS’ INVOLVED?
THE ‘HOUSE OF CARDS’ WAS ABOUT TO FALL ...
THEN - 9-11 2001 OCCURRED!
THE US INVADED AFGHANISTAN OCTOBER 7th, 2001
WITHIN TWO MONTHS - NOVEMBER 2001 -
ENRON FILED FOR BANKRUPTCY!
DID I HEAR YOU SAY - DUH?
- HEADLINE -
The Afghanistan War was Planned
Months Before the 9/11 Attacks
End of Quote!
Did Osama Bin Laden Merely ‘Beat Us To The Punch?”
Was ‘Operation Enduring Freedom’ a Ploy -
To Distract The Media and The Public?
Note the Fact that ENRON’s Demise and Re-Distribution
Continued for YEARS!
“As of December 2009, some claim and process payments are still being distributed.”
Gas Station Owners Reaping Huge Profits FOREVER!
“ENRON Scandal” Dragged out For 10 Years - 1999-2009!
OIL - OIL - OIL!
Afghanistan War Dragged Out For 10 Years (+) 2001-2010!
OIL -DOPE - OIL - DOPE!
Iraq War Dragged Out For 7 Years (+)!
OIL - BLOOD - OIL - BLOOD - OIL - BLOOD!
Collapse of Stock Market!
MONEY - $ - MONEY - $ - MONEY - $!
Mortgage Market Bubble Collapse!
$ - $ - $ - S !
Banking & Credit ‘Bail-Out’!
$ - $ - $ - S !
Automobile Industry ‘Bail-Out’!
$ - $ - $ - S !
Millions of JOBS LOST!
$ - $ - $ - S !
Millions of HOMES LOST!
$ - $ - $ - S !
GLOBAL WARMING - GLOBALIZATION!
GLOBS N’ GLOBS N’ GLOBS OF OIL -
IN THE GULF OF MEXICO DISASTER!
ALTERNATE ENERGY SOURCES IGNORED!
PLENTY OF ‘LIP SERVICE’ THOUGH!
ECONOMY IS IN THE TOILET!
“HOUSTON - DO WE HAVE A PROBLEM?”
“YOU BET YOUR BP!”
Greed? Corruption? Collusion?
And “We The Sheeple” Just Keep ‘BAA-BAA-BAA-ING!”
LIKE THE STATUS QUO?
RE-ELECT YOUR LOCAL CROOK!
© - TKH.
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