Don't pump gas on may 15th
In April 1997, there was a "gas out" conducted nationwide in protest of gas prices. Gasoline prices dropped 30 cents a gallon overnight.
On May 15th 2007, all internet users are to not go to a gas station in protest of high gas prices. Gas is now over $3.00 a gallon in most places.
There are 73,000,000+ American members currently on the internet network, and the average car takes about 30 to 50 dollars to fill up.
If all users did not go to the pump on the 15th, it would take $2,292,000,000.00 (that's almost 3 BILLION) out of the oil companys pockets for just one day, so please do not go to the gas station on May 15th and lets try to put a dent in the Middle Eastern oil industry for at least one day.
If you agree (which I cant see why you wouldn't) resend this to all your contact list. With it saying, ''Don't pump gas on May 15th"
The logic behind this so-called boycott is so full of holes, it's amazing that versions of this email have continued to circulate for as many years as they have. Then again, a huge portion of those 73 million Americans on the "internet network" are gullible enough to accept as fact just about anything that gets forwarded to their inboxes.
First off, the claim that gas prices dropped thirty cents overnight after the "gas out" in 1997 is pure bunk. It did not happen. I don't even need to check any history books to back up my claim because it could not have happened. Not unless the laws of economics took a one day trip to Bizarro Land, that is. Let me explain.
It is true that at current gas prices, a tank of gas could cost from thirty to fifty dollars or more. However, if you're like me, you usually only fill your tank once a week or so. The only way the oil industry would feel a $3 billion dollar hit from a one-day boycott would be if every one of the boycotters were currently in the habit of filling their cars with thirty to fifty dollars of gas every single day. In reality, those of you who choose not to fill up today will just end up filling up tomorrow, or the next day, or as soon as your tank gets empty. Just like you always do. The oil industry still gets paid.
That $3 billion figure is bogus as well. By some sort of fuzzy math, $2.3 billion got rounded up to an even $3 billion. At any rate, in order to reach it, all those 73 million internet-savvy Americans would have to participate in the boycott. But just because a gallon of gas costs $3 does not mean that $3 goes to the pockets of the oil companies. That $3 is split amongst the refineries, storage facilities, distribution chain, State, Federal and sales taxes, exploration for and production of new crude oil, and last (and definitely least), the gas retailers. So assuming that refining costs make up about 24% of the gasoline dollar and that people buy gas on average once every seven days instead of daily, the "hit" that the oil companies would take on a one-day gas boycott by 73 million Americans is actually more like $78 million. That may still seem like a big number, but don't forget that it must be further divided amongst all the oil companies, whether they be Middle Eastern, Venezuelan, or American. You chop $78 million into just a few pieces, and you're looking one company's daily advertising budget. Doesn't sound so impressive anymore, does it?
In order to put that $2.3 billion hurt on the oil companies, those 73 million Americans would have to fully dedicate themselves to the boycott not for one day, but for 35 weeks (or, if they really were buying a full tank of gas every day, 35 days). Still, I don't know anyone who can go without gas for a month, much less 35 weeks, do you?
The real people who would feel the hurt of a one-day gas boycott would be the other recipients of the pieces of that gasoline dollar. We sure don't want to hinder the exploration and production of new crude oil, because decrease in supply means higher prices. Putting financial strain on the storage and distribution companies will also force them to recoup their losses by...you guessed it...raising their prices. And while the efficiency of the tax system may be up for debate, the taxes we pay on gas are used for our benefit.
Sadly, those who would feel the strongest squeeze from a gas boycott would be the independent retailers. There are gas stations owned and operated by the oil companies themselves, but the majority of gas stations in America are privately owned. They buy gas at the going rate and resell it to the public, with little or no say in the price they hang on their marquees. Deliberately hurting your local businesses has noticeable effects on the local economy, which in turn comes back to bite you.
So if you're low on gas today, fill up. And if you're not, fill up when you are. Either way, don't believe the hype. You've been enlightened today, so rather than forwarding the boycott email, send your friends a link to this article instead.
Update: It was late when I wrote this post, and I did so before thinking to check Snopes.com, my favorite site for debunking the myths perpetuated by internet gossip. While my post is very similar to the article at Snopes, my writing is my own, and is the product of simple common sense coupled with facts found through a few minutes of research.
It is not my intent to take a holier-than-thou position. I may say that The Rules is always right, but anyone who knows me personally also knows that I do not take a firm stance on something unless I've made sure that that stance is upon a solid foundation.
No comments:
Post a Comment