Not Logged In Log In   Sign Up   Points Leaders
Follow Us    7:10 PM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Valero profit boosted by cheaper domestic oil Back to Topics
Teslukbla

Champion Author
Missouri

Posts:33,790
Points:3,539,955
Joined:Jan 2005
Message Posted: Jan 30, 2013 1:40:49 AM

Valero Energy Corp. (VLO-N 43.77 4.96 12.78%) reported a bigger-than-expected jump in fourth-quarter profit on Tuesday as the U.S. refining company's plants processed higher amounts of cheaper domestic crude oil. Growing supplies of crude produced from shale formations in the United States have been a boon to refining companies, which are processing more and more of the less-expensive oil.
Visit Business News Network for full article
REPLIES (newest first) Post a Reply
Profile Pic
mrsmercier
Rookie Author El Paso

Posts:23
Points:30,345
Joined:Jan 2013
Message Posted: Jan 31, 2013 11:13:30 AM

Yay!!
Profile Pic
jimbeaux53
Champion Author Kansas City

Posts:7,781
Points:1,565,710
Joined:Aug 2010
Message Posted: Jan 31, 2013 8:11:30 AM

Users at the pump are as likely to see anything from this as a junkie is to see from their local drug dealer.
Profile Pic
DrCashFlow
Champion Author Massachusetts

Posts:9,552
Points:2,211,360
Joined:Jun 2008
Message Posted: Jan 31, 2013 12:44:13 AM

less supply as refineries are shut down
Profile Pic
clermont40miles
Champion Author Cincinnati

Posts:13,899
Points:2,368,720
Joined:Apr 2008
Message Posted: Jan 30, 2013 11:55:37 PM

Profit is good.

Excess profit not so good.
Profile Pic
KhelbenArunson
Champion Author Michigan

Posts:7,006
Points:1,311,445
Joined:Apr 2008
Message Posted: Jan 30, 2013 9:22:56 PM

The prices need to be lower at the pump.
Profile Pic
divebomber
Champion Author Nebraska

Posts:8,688
Points:2,412,920
Joined:Jun 2007
Message Posted: Jan 30, 2013 8:59:32 PM

TOO BAD THEY DID'NT LOWER THEIR $$$ INSTEAD!
Profile Pic
gasmack
Champion Author Ventura

Posts:3,562
Points:1,216,300
Joined:Feb 2011
Message Posted: Jan 30, 2013 8:55:18 PM

Could not access link.
Profile Pic
spud5559
Veteran Author Yakima

Posts:297
Points:88,615
Joined:Jul 2012
Message Posted: Jan 30, 2013 8:54:29 PM

greed
Profile Pic
Elaine4411
Champion Author Pennsylvania

Posts:4,124
Points:1,060,615
Joined:Dec 2011
Message Posted: Jan 30, 2013 8:52:34 PM

All the while the gas prices keep going up, up, up!!
Profile Pic
Robert44
Champion Author Columbus

Posts:4,759
Points:1,696,725
Joined:Mar 2004
Message Posted: Jan 30, 2013 8:51:10 PM

Profits are up but price of gas is way up to?!? Sounds like profits on back of consumers?!?
Profile Pic
carinthuist
Champion Author San Francisco

Posts:5,080
Points:863,550
Joined:Mar 2012
Message Posted: Jan 30, 2013 8:50:40 PM

raising gas prices
Profile Pic
JimL1
Champion Author Phoenix

Posts:10,566
Points:1,766,095
Joined:Jul 2003
Message Posted: Jan 30, 2013 8:49:41 PM

I have to wonder which oil or gas company Volkswagen 2 is working for or supported by because Focus 2 was right on with the comment; "Buy cheap and sell high! That does add up to greater profit margins. We have a refinery that refines the Canada tar sands and we saw no drop in gasoline prices. They may even be higher than other states. We get the pollution, higher gas prices and the shaft. Maybe, some new playground equipment for voting for them to expand and process the Bitumen.

I am not against finding more energy. With all this increased fracking, I am concerned with trading fresh water for oil which is gone forever. The oil we may not see as it may be exported. The gas that is always there, definitely is planned for export. Big Energy is lobbying the public for the right to export our natural gas on the world market.

The following is an e-mail I received.

Join us for a telephone town hall to discuss natural gas exports on Friday, February 1st at 1:00pm. Learn more about why the world needs American natural gas and how that creates more jobs and energy security here at home.

Please RSVP today!

What: Liquified Natural Gas Exports

When: Friday, February 1st @1:00pm EST

Who: Erik Milito, American Petroleum Institute

RSVP today for the liquefied natural gas exports telephone town hall and we’ll call you a few moments before the call starts. You can’t afford to miss it!

Sincerely,

Energy Citizens Team "
Profile Pic
DustyHorse
Champion Author Virginia

Posts:8,592
Points:1,959,360
Joined:Oct 2008
Message Posted: Jan 30, 2013 8:47:31 PM

While they rais e prices on gasoline.
Profile Pic
Volkswagen62
Sophomore Author Salinas

Posts:227
Points:1,210,245
Joined:Nov 2010
Message Posted: Jan 30, 2013 8:43:50 PM

Focus2 has ALOT of time on his hands!!!!!!
Profile Pic
knot2swift
Champion Author Calgary

Posts:5,926
Points:1,047,295
Joined:Nov 2009
Message Posted: Jan 30, 2013 8:39:27 PM

Great! I'll bet none of these riches get passed onto consumers.
Profile Pic
BlewettCA
Veteran Author California

Posts:318
Points:278,810
Joined:May 2012
Message Posted: Jan 30, 2013 8:37:26 PM

ok
Profile Pic
nimpy
Champion Author Indianapolis

Posts:10,409
Points:2,238,145
Joined:Oct 2007
Message Posted: Jan 30, 2013 8:37:25 PM

And the prices are going to rise
Profile Pic
JohnLM
Champion Author Orlando

Posts:1,118
Points:664,770
Joined:May 2010
Message Posted: Jan 30, 2013 8:34:01 PM

We should be energy indipendent by mow.
Profile Pic
Dan4NH
Rookie Author New Hampshire

Posts:37
Points:81,820
Joined:Jan 2013
Message Posted: Jan 30, 2013 8:31:43 PM

Good for Valero
Profile Pic
NotLoggedIn
Champion Author Oklahoma City

Posts:1,703
Points:149,940
Joined:May 2012
Message Posted: Jan 30, 2013 8:29:05 PM

yeah...
Profile Pic
bbreff
Champion Author Atlanta

Posts:12,409
Points:3,166,155
Joined:Jun 2005
Message Posted: Jan 30, 2013 8:28:09 PM



Good for them.

Profile Pic
darkform
Veteran Author Illinois

Posts:391
Points:468,240
Joined:May 2011
Message Posted: Jan 30, 2013 8:22:39 PM

OK
Profile Pic
rampower80
Champion Author Kentucky

Posts:4,516
Points:1,058,650
Joined:Jan 2012
Message Posted: Jan 30, 2013 8:17:39 PM

Sounds like they are charging higher prices for gasoline, even though raw crude prices are lower. Hmmmm!
Profile Pic
cateyes8264
Champion Author Tennessee

Posts:3,332
Points:772,940
Joined:Jul 2011
Message Posted: Jan 30, 2013 8:17:15 PM

HMMMM bigger than expected profit.....could be because prices remain too high?
Profile Pic
1COR1533
Champion Author San Jose

Posts:4,190
Points:896,565
Joined:Jun 2012
Message Posted: Jan 30, 2013 8:16:09 PM

always a profit
Profile Pic
johton
Champion Author Seattle

Posts:3,790
Points:913,325
Joined:Jun 2012
Message Posted: Jan 30, 2013 8:15:55 PM

Lots of profit. Just not for the working stiff!
Profile Pic
Focus2
Champion Author Illinois

Posts:8,163
Points:2,110,215
Joined:Mar 2006
Message Posted: Jan 30, 2013 8:15:41 PM

Buy cheap and sell high! That does add up to greater profit margins. We have a refinery that refines the Canada tar sands and we saw no drop in gasoline prices. They may even be higher than other states. We get the pollution, higher gas prices and the shaft. Maybe, some new playground equipment for voting for them to expand and process the Bitumen.

I am not against finding more energy. With all this increased fracking, I am concerned with trading fresh water for oil which is gone forever. The oil we may not see as it may be exported. The gas that is always there, definitely is planned for export. Big Energy is lobbying the public for the right to export our natural gas on the world market.

The following is an e-mail I received.

Join us for a telephone town hall to discuss natural gas exports on Friday, February 1st at 1:00pm. Learn more about why the world needs American natural gas and how that creates more jobs and energy security here at home.

Please RSVP today!

What: Liquified Natural Gas Exports

When: Friday, February 1st @1:00pm EST

Who: Erik Milito, American Petroleum Institute

RSVP today for the liquefied natural gas exports telephone town hall and we’ll call you a few moments before the call starts. You can’t afford to miss it!

Sincerely,

Energy Citizens Team
Profile Pic
bababooey2
Champion Author Hartford

Posts:8,952
Points:1,903,555
Joined:Sep 2009
Message Posted: Jan 30, 2013 8:08:14 PM

Good for not for consumers.
Profile Pic
fire@53
Champion Author Philadelphia

Posts:14,294
Points:3,345,975
Joined:May 2003
Message Posted: Jan 30, 2013 8:04:20 PM

Keep finding oil here.
Profile Pic
bady777
All-Star Author Edmonton

Posts:885
Points:331,110
Joined:Jul 2011
Message Posted: Jan 30, 2013 8:02:02 PM

surprise
Profile Pic
Bud122CA
Champion Author California

Posts:9,572
Points:2,176,395
Joined:Jul 2008
Message Posted: Jan 30, 2013 8:00:07 PM

All prices should be going down NOT up with the US drilling and pumping more here at home
Profile Pic
sosgas
Champion Author Portland

Posts:1,260
Points:711,825
Joined:Feb 2009
Message Posted: Jan 30, 2013 8:00:01 PM

Good.
Profile Pic
snerd
All-Star Author Pennsylvania

Posts:935
Points:666,700
Joined:May 2005
Message Posted: Jan 30, 2013 7:58:07 PM

Ok
Profile Pic
barbs24
Champion Author Virginia Beach

Posts:5,424
Points:2,627,245
Joined:Feb 2006
Message Posted: Jan 30, 2013 7:55:10 PM

How will this help me?
Profile Pic
PoohMcGoo
Champion Author Alabama

Posts:3,747
Points:1,298,835
Joined:Dec 2010
Message Posted: Jan 30, 2013 7:54:33 PM

Ok
Profile Pic
REKEY
Champion Author South Carolina

Posts:11,131
Points:2,292,550
Joined:May 2008
Message Posted: Jan 30, 2013 7:54:22 PM

So the oil is cheaper and the gas is higher?
Profile Pic
jb107
Champion Author New Jersey

Posts:12,113
Points:3,219,450
Joined:Sep 2005
Message Posted: Jan 30, 2013 7:54:18 PM

It's good to see companies using domestic oil.
Profile Pic
soups5
Champion Author Victoria

Posts:2,422
Points:1,138,855
Joined:May 2011
Message Posted: Jan 30, 2013 7:46:48 PM

so happy to see their proffits are up
Profile Pic
bevmill
Champion Author Georgia

Posts:4,995
Points:1,191,245
Joined:Apr 2006
Message Posted: Jan 30, 2013 7:45:45 PM

ok
Profile Pic
73amx
Champion Author Allentown

Posts:3,754
Points:1,060,095
Joined:Sep 2011
Message Posted: Jan 30, 2013 7:43:42 PM

higher prices at the pump also helped
Profile Pic
DCbeachbum
Champion Author South Carolina

Posts:3,488
Points:1,417,285
Joined:May 2010
Message Posted: Jan 30, 2013 7:40:17 PM

Cheaper domestic oil to create lower costs at the pump. Doesn't mean lower prices at the pump. It just means that there is less gasoline going into your tank.
Profile Pic
IUVidiot
Champion Author Indiana

Posts:6,185
Points:1,310,085
Joined:Jun 2011
Message Posted: Jan 30, 2013 7:39:08 PM

hmmmm
Profile Pic
agent0077
Champion Author Colorado

Posts:3,244
Points:1,079,930
Joined:Jul 2011
Message Posted: Jan 30, 2013 7:36:55 PM

At least someone is making money
Profile Pic
bob2f
Rookie Author Vermont

Posts:1
Points:3,170
Joined:Sep 2005
Message Posted: Jan 30, 2013 7:35:26 PM

I can't complain about Valero gas prices in Northern Vermont. They are running 10 - 20 cents cheaper than our other options....ie, Mobil .... 23 gas stations across vermont are owned by one family and they tend to keep the gas prices inflated. Vermont is approx. $.30 higher than the national average. At least with Valero, we have the option to save 1/2 of that cost! Valero is $3.53 a gal but if you pay cash, it's $3.48 Our Mobil is $3.68 a gal.
Profile Pic
Somis1
Champion Author Ventura

Posts:16,231
Points:3,179,030
Joined:Jul 2005
Message Posted: Jan 30, 2013 7:34:28 PM

Less cost goes right to the bottom line of the supplier, not to the pump price. No surprise.
Profile Pic
Discovery02
Champion Author Colorado Springs

Posts:7,430
Points:894,095
Joined:May 2012
Message Posted: Jan 30, 2013 7:32:17 PM

That's what happens when you lower the cost of doing business but either don't reduce prices or reduce them buy a much smaller amount...profits go UP!

[Edited by: Discovery02 at 1/30/2013 7:32:33 PM EST]
Profile Pic
crusty1
All-Star Author Chicago

Posts:804
Points:558,280
Joined:Oct 2008
Message Posted: Jan 30, 2013 7:31:36 PM

Valero is always high priced at the statiopn near me.
Profile Pic
drakeman70
Sophomore Author Vermont

Posts:110
Points:43,215
Joined:Oct 2008
Message Posted: Jan 30, 2013 7:31:11 PM

Surprise surprise.
Profile Pic
goinwgas
Champion Author Oregon

Posts:3,342
Points:807,255
Joined:Jun 2012
Message Posted: Jan 30, 2013 7:27:16 PM

less expensive oil means less expensive gas. right, RIGHT!!!!!!!!
Profile Pic
The_DR
Champion Author New Jersey

Posts:4,920
Points:1,167,140
Joined:Aug 2011
Message Posted: Jan 30, 2013 7:26:55 PM

So why are their prices so high?
Post a reply Back to Topics