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Originally Posted by alocke
We need nitrogen engines now, as you know the nitrogen comes from water,and has no pollution problems.
Did you hear on fox news the other night that it costs the oil co. $4.00 total to produce a barrel of refined oil. Oil was selling last night for $70.70 per barrel unrefined.Do the math the balance is profit.
It least Jimmy Carter put in an excess profit tax.
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Wow! So many misstatements it amazing! Nitrogen is currently the main plollutant produced by the internal combustion engine (both gas and diesel). Nitrogen does not come from water, which is one part Oxygen and two parts Hydrogen, hence the familiar H2O desgination. The "oil companies", except for those producing in the U.S., don't own the oil they produce, its generally owned by the country its in, i.e. Saudi Arabia, Kuwait, Venezuela. So the cost of crude on the open market has little effect on them. The only effect is that when prices go up they make an additonal profit on the oil they have in inventory. (That can be a substantial profit) The big money makers in this run up of oil prices are the producing countries, most of whom belong to OPEC and keep the supplies low. Excess profits taxes on the oil companies may make people feel good, but it won't do anything to stop the rise in prices, since the countries that are reaping the profits don't pay U.S. taxes.