Oil Company Profits

[Old Texan]

http://www.conocophillips.com/newsroom/other_resources/energyanswers/oil_profits.htm#Make_on_a_gallon_of_gas
Interesting stats.

[Poster X]

All very nicely put until you look at their profits.

[centerhill condor]

All very nicely put until you look at their profits
will you expand on that a bit?

[Poster X]

Their profits are off the charts. The explanation was nicely put and meant to exaggerate the point that they are good ol boys and would never rape their customer base. The truth is quite the opposite. IMHO. Most of the folks around here will defend them until death. I'm not one of them.

[centerhill condor]

so what's your plan?

[bigq]

Their profits are off the charts. The explanation was nicely put and meant to exaggerate the point that they are good ol boys and would never rape their customer base. The truth is quite the opposite. IMHO. Most of the folks around here will defend them until death. I'm not one of them.
So what is the truth? If profits are in line with all other industries, if true, how can it be a problem? Is it the high number of the profit? I still feel that they are the enemy when it comes to getting off the fossil fuel bandwagon. We need to put more focus and money on renewable fuel and change the entire distribution system. The big oil companies are in the way of this progress.

[SmokinLowriderSS]

All very nicely put until you look at their profits.
How much lower than $.09 a gallon do you want it?

[SmokinLowriderSS]

Hey poser, try these numbers on .....
Connocophillips, 3rd quarter 2005:
TOTAL REVENUE 1.953 BILLION (the part that pisses you off)
Transportation 127 MILLION
Opperating costs 176 MILLION
Depreciation 325 MILLION
Exploration 65 MILLION
Interest on loans 70 MILLION
Administration 76 MILLION
Gain / sale of assets117MILLION
Other expenses 18 MILLION
TAXES non-income 94 MILLION
That took 834 MILLION out oif the company, in a QUARTER
Net Income ....... 1.119 BILLION (The other part that pisses you off)
...........................371 MILLION DOLLARS was paid in income taxes.
That's 33.15% income taxes poser. I guess you like that.
How high should it be?
Over the first 3 quarters of 2005, they paid 907 MILLION in income taxes. 34.059% tax rate.
If you add in the non-income taxes paid,
465 million dollars, and 1,157 million for the 9 months (1.157 BILLION poserboy).
43% of money thru the company was taken by taxes, 43.4472%!!!!!
What more should they give poser????
Figure out how to stop americans from pumping 350 MILLION GALLONS OF GASOLINE A DAY!
That does not include diesel, jet fuels, home heat oil, kerosene, solvents, oil-based chemicals like paints, and the entire plastics industry.
350 million gallons a day they provide us and poser cries because they make 31 million dollars off it, daily.
Exxon Mobil. (NYSE:XOM)
ConocoPhillips (NYSE: COP)
Chevron (NYSE:CVX)
Based on preliminary SEC filings, these companies reported combined annual
corporate earnings of $108.2 billion, throughout the course of 2005.
During 2005, these three companies paid a combined corporate income tax burden of $44.3 billion on their reported earnings.
In addition to corporate income taxes, the same companies paid or remitted over $114.5 billion in other taxes in 2005, including franchise, payroll, property, severance and excise taxes.
158.8 Billion paid in taxes ......... 108 Billion in earnings AFTER TAXES.
Uncle Sam took more from them than they got to split among the shareholders/investors.

[SmokinLowriderSS]

http://api-ec.api.org/filelibrary/Tax%20Foundation%20Study%20Tax%20Payments%20Underc ut%20WPT.pdf

[Blown 472]

http://api-ec.api.org/filelibrary/Tax%20Foundation%20Study%20Tax%20Payments%20Underc ut%20WPT.pdf
" I will suck any rep cock"

[SmokinLowriderSS]

" I will suck any rep cock"
We had already figured out you were a cocksucker blown, was no need to come out of the closet. :rolleyes:

[SmokinLowriderSS]

'Course, it is also noted blown that you have nothing to say about the fact that the "big rich oil companies" pay more of their money in taxes that you do. Sure looks fair to me.
Also no commentary on reducing those "obscene" proffits by using less of their product.
just easier to use the tried and lame blown method of take shots at the person with the facts. That's FACTS blown, not the BS accusatory conspiracy conjecture you come up with time and time again.

[Old Texan]

'Course, it is also noted blown that you have nothing to say about the fact that the "big rich oil companies" pay more of their money in taxes that you do. Sure looks fair to me.
Also no commentary on reducing those "obscene" proffits by using less of their product.
just easier to use the tried and lame blown method of take shots at the person with the facts. That's FACTS blown, not the BS accusatory conspiracy conjecture you come up with time and time again.
One might also add the number of jobs the oil companies provide and the money spent on products supporting small business.
The "Big Oil" system has sure allowed a hell-of-a-lot of folks in this country to live a better life and been largely responsible for community prosperity.
Take away those jobs and tax dollars and see what's left.

[SmokinLowriderSS]

The oil and gas extraction industry employed about 316,000 wage and salary workers in 2004. Of these, only 4 in 10 workers were employed directly by the oil and gas extraction companies. (126,400) The rest worked as contractors in the support activities for mining sector, which also included workers who extract coal and minerals on a contract basis. Although onshore oil and gas extraction establishments are found in 42 States, almost 3 out of 4 of the industry’s workers in 2004 were located in just four States—California, Louisiana, Oklahoma, and Texas. While most workers are employed on land, many work at offshore sites. Although they are not included in employment figures for this industry, many Americans are employed by oil companies at locations in Africa, the North Sea, the Far East, the Middle East, South America, and countries of the former Soviet Union.
316,000 jobs, 3/4 of which exist in 4 states only.
2 yrs ago, one town I do not recall in Ok was nearly dead, due to the poor oil industry untill late 2004. Today, the town, and it's people are again thriving with companies hiring everyone they can find, offering 401k plans, excelent pay, good raises, paid relocations, bennies not seen for oil company employees for nearly 2 decades.

[SmokinLowriderSS]

People with many different skills are needed to explore for oil and gas, drill new wells, maintain existing wells, and process natural gas. The largest group, construction and extraction workers, account for about 37 percent of industry employment. Professional and related workers account for about 14 percent of industry employment, and managerial, business, and financial workers account for about 12 percent. Transportation and material moving workers make up about 10 percent, and production workers about 9 percent (table 1).
A petroleum geologist or a geophysicist, who is responsible for analyzing and interpreting the information gathered, usually heads exploration operations. Other geological specialists also may be involved in exploration activities, including paleontologists, who study fossil remains to locate oil; mineralogists, who study physical and chemical properties of mineral and rock samples; stratigraphers, who determine the rock layers most likely to contain oil and natural gas; and photogeologists, who examine and interpret aerial photographs of land surfaces. Additionally, exploration parties may include surveyors and drafters, who assist in surveying and mapping activities.
Some geologists and geophysicists work in district offices of oil companies or contract exploration firms, where they prepare and study geological maps and analyze seismic data. These scientists also may analyze samples from test drillings.
Other workers involved in exploration are geophysical prospectors. They lead crews consisting of gravity and seismic prospecting observers, who operate and maintain electronic seismic equipment; scouts, who investigate the exploration, drilling, and leasing activities of other companies to identify promising areas to explore and lease; and lease buyers, who make business arrangements to obtain the use of the land or mineral rights from its owners.
Petroleum engineers are responsible for planning and supervising the actual drilling operation, once a potential drill site has been located. These engineers develop and implement the most efficient recovery method in order to achieve maximum profitable recovery. They also plan and supervise well operation and maintenance. Drilling superintendents serve as supervisors of drilling crews, overseeing one or more drilling rigs.
Rotary drilling crews usually consist of four or five workers. Rotary drillers supervise the crew and operate machinery that controls drilling speed and pressure. Rotary-rig engine operators are in charge of engines that provide the power for drilling and hoisting. Second in charge, derrick operators work on small platforms high on rigs to help run pipe in and out of well holes and operate the pumps that circulate mud through the pipe. Rotary-driller helpers, also known as roughnecks, guide the lower ends of pipe to well openings and connect pipe joints and drill bits.
Though not necessarily part of the drilling crew, roustabouts, or general laborers, do general oilfield maintenance and construction work, such as cleaning tanks and building roads.
Pumpers and their helpers operate and maintain motors, pumps, and other surface equipment that forces oil from wells and regulate the flow, according to a schedule set up by petroleum engineers and production supervisors. In fields where oil flows under natural pressure and does not require pumping, switchers open and close valves to regulate the flow. Gaugers measure and record the flow, taking samples to check quality. Treaters test the oil for water and sediment and remove these impurities by opening a drain or using special equipment. In most fields, pumping, switching, gauging, and treating operations are automatic.
Other skilled oilfield workers include oil well cementers, who mix and pump cement into the space between the casing and well walls to prevent cave-ins; acidizers, who pump acid down the well and into the producing formation to increase oil flow; perforator operators, who use subsurface “guns” to pierce holes in the casing to make openings for oil to flow into the well bore; sample-taker operators, who take samples of soil and rock formations from wells to help geologists determine the presence of oil; and well pullers, who remove pipes, pumps, and other subsurface devices from wells for cleaning, repairing, and salvaging.
Many other skilled workers—such as welders, pipefitters, electricians, and machinists—also are employed in maintenance operations to install and repair pumps, gauges, pipes, and other equipment.
In addition to the types of workers required for onshore drilling, crews at offshore locations also need radio operators, cooks, ships’ officers, sailors, and pilots. These workers make up the support personnel who work on or operate drilling platforms, crewboats, barges, and helicopters.
Most workers involved in gas processing are operators. Gas treaters tend automatically controlled treating units that remove water and other impurities from natural gas. Gas-pumping-station operators tend compressors that raise the pressure of gas for transmission in pipelines. Both types of workers can be assisted by gas-compressor operators.
Many employees in large natural gas processing plants—welders, electricians, instrument repairers, and laborers, for example—perform maintenance activities. In contrast, many small plants are automated and are checked at periodic intervals by maintenance workers or operators, or monitored by instruments that alert operators if trouble develops. In non-automated plants, workers usually combine the skills of both operators and maintenance workers.

[SmokinLowriderSS]

Pay:
Occupation Oil and gas extraction Support All industries
General and operations managers $49.93 $37.57 $37.22
Petroleum engineers 47.24 36.68 42.55
First-line supervisors/managers of construction trades and extraction workers
27.44 24.90 24.25
Petroleum pump system operators, refinery operators, and gaugers
23.52 22.12 24.27
Wellhead pumpers 16.73 14.82 16.31
Rotary drill operators, oil and gas 16.17 17.34 17.11
Service unit operators, oil, gas, and mining15.87 14.58 14.75
Derrick operators, oil and gas 15.26 16.18 16.11
Roustabouts, oil and gas 12.60 11.89 11.94
Helpers-Extraction workers 11.58 12.77 12.66
Geez ... where else can unskilled (legal) labor get $12 an hour???????

[Old Texan]

Smokin' the thing about all this doesn't wake the doom sayers up a bit. The industry facts you've posted coupled with the boom in high tech and automobile manufacturing jobs eludes them.
I sell material handling equipment and right now the lead times for certain domestically manufactured products have doubled and tripled. This economy isn't even near the toilet the lib spinners swim in or have the general public believe.
People are working, saving, and making money. The drive by media just doesn't want anyone to believe the current administration has the economy growing.
Ol' PeeWee X and Blown are having to dig real deep to counter the current trends. I'm sure we're in for rhetorical cut and paste raving on how it's all smoke and mirrors conspiracy.

[bigq]

Hey poser, try these numbers on .....
Connocophillips, 3rd quarter 2005:
TOTAL REVENUE 1.953 BILLION (the part that pisses you off)
Transportation 127 MILLION
Opperating costs 176 MILLION
Depreciation 325 MILLION
Exploration 65 MILLION
Interest on loans 70 MILLION
Administration 76 MILLION
Gain / sale of assets117MILLION
Other expenses 18 MILLION
TAXES non-income 94 MILLION
That took 834 MILLION out oif the company, in a QUARTER
Net Income ....... 1.119 BILLION (The other part that pisses you off)
...........................371 MILLION DOLLARS was paid in income taxes.
That's 33.15% income taxes poser. I guess you like that.
How high should it be?
Over the first 3 quarters of 2005, they paid 907 MILLION in income taxes. 34.059% tax rate.
If you add in the non-income taxes paid,
465 million dollars, and 1,157 million for the 9 months (1.157 BILLION poserboy).
43% of money thru the company was taken by taxes, 43.4472%!!!!!
What more should they give poser????
Figure out how to stop americans from pumping 350 MILLION GALLONS OF GASOLINE A DAY!
That does not include diesel, jet fuels, home heat oil, kerosene, solvents, oil-based chemicals like paints, and the entire plastics industry.
350 million gallons a day they provide us and poser cries because they make 31 million dollars off it, daily.
Exxon Mobil. (NYSE:XOM)
ConocoPhillips (NYSE: COP)
Chevron (NYSE:CVX)
Based on preliminary SEC filings, these companies reported combined annual
corporate earnings of $108.2 billion, throughout the course of 2005.
During 2005, these three companies paid a combined corporate income tax burden of $44.3 billion on their reported earnings.
In addition to corporate income taxes, the same companies paid or remitted over $114.5 billion in other taxes in 2005, including franchise, payroll, property, severance and excise taxes.
158.8 Billion paid in taxes ......... 108 Billion in earnings AFTER TAXES.
Uncle Sam took more from them than they got to split among the shareholders/investors.
There you go again with the numbers and facts stuff. Don't you know the liberal school system doesn't allow actual facts and figures. That won't make anyone feel better:rollside:

[SmokinLowriderSS]

There you go again with the numbers and facts stuff. Don't you know the liberal school system doesn't allow actual facts and figures. That won't make anyone feel better:rollside:
Yea, I know. Old habits are hard to break.
Back in my day in school (70's and early 80's) they taught ya that facts and accurate numbers and stuff were IMPORTANT. I guess I just haven't been able to outgrow it yet. Maybe if I took up smoking weed ...... Hmmmmm Never did that yet in my life ... would it help out ya think? I retire from the ANG in under 2 yrs ... maybe after that ........ :idea:
no, don't think so. :220v:

[Moneypitt]

Another thing to consider here, the oil companies sales are WORLD wide. Meaning that they COULD move their companies off shore, and avoid some of the corporate taxes they pay. They have chosen to stay here and pay the income taxes to the USA even though alot of the profits are from other than US held territories. The shear mass sales are what drives the profits into the stratosphere, but as mentioned, the margins are not out of line with industry as a whole, across the board. As demonstrated with factual info, the oil companies are not out of line. They just do such a volume that the average "Joe working stiff",(like me) have a hard time shelling out there hard earned dollars after hearing the "spun" profits propaganda. Now lets talk about the value of the dollar in 1965, and the 32.9 cents a gallon gas price. Equate that to the dollar today, and we're still getting a hell of a deal, even at $3. + a gallon. Canada has a national oil company, plenty of domestic oil, and they're paying $1.09 (canadian) per liter. Hey, theres 3.8 liters in a gallon, thats almost $4.15 a gallon!!! There a so many other areas of our enconomy that have spiroled out of sight, they just don't get the spin on them by the media, a media that is so politically driven that actual info is almost impossible to obtain.............MP

[Trailer Park Casanova]

http://www.hotboatpics.com/pics/data/500/3812av-25861.jpg

[SmokinLowriderSS]

Their profits are off the charts.
Their profits are precisely HALF of what Banking institutions typically make.
Their profits are 54% of what Pharmaceutical companies make.
Their profits are 62% of what computer software / services companies make.
Their profits are 81% of what home product companies make (Black & Decker, Dirt Devil, Gott, Rubbermaid, et all)
Their profits are 90% of what is normally made by Real Estate companies.
Where's your problem with the proffit ammounts THEY make poser? Your BANK is sticking you 2X as hard as the oil company is.
Oil companies typically make 9 to 10% profit, my employer is making about 10%. My employer's PARENT COMPANY wants to see 20%, 10% to go to shareholders, 10% to go to new product R&D and plant equipment.
Where's your bitch my perent company wants to make TWICE as much money as "big oil" does?????????
The United States consumes over 20 million barrels (840 million gallons) of petroleum products each day.
350 MILLION gallons of gasoline sold every day.
165 MILLION gallons of diesel sold every day.
53.4 MILLION gallons of jet fuel used every day.
Then there is heating oil, MOTOR OIL, Kerosene, PAINT BASES, PLASTIC PACKAGING, Bic Lighter Butane, Propane for your grill, Zippo fluid, Charcoal lighter fluid, penetrating oils/solvents like WD-40 and PB Blaster (and a host of others), firearm oils, TEFLON on cookware, Dry Cleaning SOLVENTS, etc, etc, etc.
On the other hand ...... Profit-bitching.......
Wal-Mart clears $19,583 a MINUITE in profit.
Target’s profit per minute is $6,084
Costco’s profit per minute is $1,711
Wal-Mart only profits 3 cents for every 100 dollars.
Why aren't you bitching THERE poser??????

[Poster X]

There's nothing wrong with making a profit. These oil corporations are making money on so many levels we can't keep up. You are posting "from the pump" numbers when they make a profit on transportation, refining, distribution, associated products, franchises and so on and so on. They are entitled but, they are raising prices disproportionately to their cost. I'm not a big fan of monopolies. Between them and Wal Mart competition will be squashed and pricing will be dictated by whimsy, not competition.

[centerhill condor]

My friend the Poster "X" may have it backwards... everything is right with making a profit and the more the better. If gas is too high for you stop buying it. try the bus or those shoes or a vespa.
The reason gas is so expensive is 'cause we're using so much! This June and July are record sales. If they weren't making record profits they'd be going broke. The free market is on straight commission and so are you just ask your boss. You're welcome to swim to Cuba and enjoy the good life at your earliest opportunity.
Only in America do we complain about abundance, go figure. This is the only country where communism hasn't failed yet and you guys can't stand it.

[Poster X]

Profits Pour in at BP; Chief Sets Exit
By HEATHER TIMMONS
LONDON, July 25 — Profits are pouring in at the BP Group, but the top executive says he’ll have to step out.
John Browne, the chief executive of BP, confirmed today that he would leave the giant oil company at the end of 2008, after reaching its mandatory retirement age of 60. At the same time, the company announced a profit of $7.27 billion in the second quarter, 30 percent more than the comparable period a year ago and the equivalent of more than $55,000 a minute.
Lord Browne, who has imbued BP with his own environmentally aware outlook during his 11-year tenure, made it clear today that he has no plans to work on his golf game.
“I don’t believe in retirement,” he said during a press conference in London. “I’m going to change jobs. ” He said he would look for an interesting new position with a purpose, because “I’m hooked on business.” Sky-high crude oil prices are the main reason BP’s coffers are overflowing, and analysts expect a string of similarly robust figures from the other global oil giants as they report their second-quarter results in the next few days, which will probably prompt a new round of calls by politicians to impose windfall profits taxes on the industry.
But the earnings BP reported today, a new record high for the company in a single quarter, follow a series of accidents at its operations in the United States, including spills in Alaska and an explosion in Texas that killed 15 people.
The company said today that it plans to spend $1 billion more over the next four years to improve safety at its American refineries and to upgrade its Alaska pipeline.
Robert A. Malone, the newly appointed chairman of the company’s BP America unit, just wrapped up a month-long tour of its operations in the United States. He learned from his tour, he said today, that the company needed to make its safety systems and its reporting more consistent.
BP has suffered setbacks recently at its huge Thunder Horse offshore platform in the Gulf of Mexico, which was severely damaged by last year’s hurricanes. A recent test found two significant underwater leaks, Lord Browne said, and the platform will probably remain off line at least until early next year.
Benchmark grades of crude oil sold for an average of $69.59 a barrel in the second quarter, by the company’s reckoning, and were trading over $74 a barrel today. Lord Browne said he expected prices to remain high. “OPEC spare capacity continues to be relatively tight, inventories are robust, and there is nervousness about the upcoming U.S. hurricane season,” he said.
It is not clear who will succeed Lord Browne. He said today that BP’s board has begun a selection process, and that he had offered the board at least three current executives at the company as nominees.
Lord Browne is the second chief executive of a major European company this week express irritation that a mandatory retirement policy was dictating the timing of his departure. Helmut Panke of BMW made some pointed remarks about the inadvisability of such policies as he introduced his successor yesterday.
For his part, Lord Browne said today that the British notion that executives should retire at 60 is an “idea that should have gone a long time ago.”
Still, he said, his departure would be for the best. “My decision to go from BP was not based on age,” he said. By the time he leaves, he will have run the company for 13 years, he noted: “That’s quite a long time, and it’s very important that the company isn’t about any one person.”
Exxon is reporting another record breaking quarter. 2nd qtr profits rose 36% to 10.36 Billion.. That's profits not earnings.

[centerhill condor]

I can see now that the wrong people are in charge of the free market. Ya'll should run an oil company and call it "Gump's gas". Your primary fuel will be IQ85.. some of you guys can't balance a check book and come now decrying the profits of an industry the size and complexity of which you can't possibly comprehend.
I have a solution; You can grow your hair and trade in your suv for a huffy, swap the jet drive for a canoe, and wear clothes made from hemp. That'll show 'em.
So you've been taken advantage of your entire life and let me finish drawing back the dark veil of secrecy on the horror that engulfs you gentle reader. When the doctor slapped your ass on your birthday he did it for a profit. All that formula you gulped down was made, shipped, and sold to dear old mom for a profit. Those books you took to school and ate the covers were made for a profit. The very bag on your head was made for a profit. When you die and your real friends carry you to your final rest, the box, the car ride, the plot all made for a profit. The suit you'll wear for all eternity will be put on your back for a profit.
When alternative fuels/vehicles are developed it will be for a profit. How you call yourselves American capitalists escapes my profit warped brain. Americans adapt and overcome... whining isn't in the recipe for success! Action is.
This must be envy or jealousy or is this the result of outcome based education? or is it because even when you lost you got a trophy just for showing up? or are you mad 'cause they're better than you? or do you finally have to confront your lack of financial discipline?
What bothers me about this whole thing is that in the same amount of time they made all this money WE TAXPAYERS paid much more to people that only get off the couch to see about a check in the mail box.
Many of you may not recall the bust in the oil market at $10...didn't get much TV time especially in Canada. It was a disaster for Texas and especially Houston. Harder on NOLA than Katrina. But some of them got by and they knew the pendelum would swing the other way! BTW this was a tactic for winning the "cold war"... you know keep the ruskies broke with cheap saudi oil?
Does market manipulation exist? I'm sure we'll have on TV some guy waving an arm full of files shouting, "citizens arrest, citizens arrest". He'll reassert your faith in the fallibility of mankind for a profit.
Cheer up old buddy, these could be the good old days. The day may come when you get same look on your face for $3 gas as you do for an old flame.
Ya'll think about it...

[Jeanyus]

OK Smokin
let use your #'s
1.119 billion net profit on sales of 1.953 billion.......that is 61% net profit
or at $3.00 a gallon that would be $1.83 profit less $0.61(33.15%) tax still would leave $1.22 profit after tax per gallon.......
You might think that this is OK, but you are getting fukked up the ass by the oil co's
JR would be proud
If you think you are getting screwd by the oil companies, then why do you keep buying thier products?
I don't shop at Wallmart. I bought a truck that gets better MPG, and I have been riding my bicycle. Gas prices BFD.

[centerhill condor]

so why the sexual insults? I think I understand your propositions of killing jews and muslims, new motor fuels, etc... but why the insults to your fellow boater's posts? are you out of ideas? or were you reared that way? You've had good posts with your ideas and your intellect and yet you usually come back to something about a sack or some other sexually deviant insult.
You've been given nearly absolute freedom to post as you will with complete anonymity and you bless the 'net with this?.. Is it just because you can? what's the payoff for you? If you disagree with another poster can't you disagree without becoming disagreeable? Is this your only satisfaction in life? Perhaps you can enlighten me as to the benefits of this course of action.
Surely you're not like this in the "real world" 'cause people get kinda bored fast with that behavior.
So what's up? Care to share with the group? or can you grow past this 8th grade intellectual bump in the road? or have we already read the best you have to offer?

[HM]

How they are not laying off employees by massive layoffs and actually keep hiring. Bastards!
How their pensions are not failing and don't need the governement to bail them out. Bastards!
How the Fed is getting record high tax revenues from the oil industry. Bastards - the fed won't put up with them paying them more. Bastards!
How thy manage to have record profits WITHOUT increasing their profit margin. The Fed is really confused on this...how do you make more money if you are not increasing your profit margin? Sneaky BAstards!!!
The are not asking the government to bail them because their bonds are junk and they are in bankruptcy protection. How dare they survive on their own. Bastards!!!
Shareholders are happy. Sneaky Rich Bastards!!!
:) :) :) :)

[Old Texan]

How they are not laying off employees by massive layoffs and actually keep hiring. Bastards!
How their pensions are not failing and don't need the governement to bail them out. Bastards!
How the Fed is getting record high tax revenues from the oil industry. Bastards - the fed won't put up with them paying them more. Bastards!
How thy manage to have record profits WITHOUT increasing their profit margin. The Fed is really confused on this...how do you make more money if you are not increasing your profit margin? Sneaky BAstards!!!
The are not asking the government to bail them because their bonds are junk and they are in bankruptcy protection. How dare they survive on their own. Bastards!!!
Shareholders are happy. Sneaky Rich Bastards!!!
:) :) :) :)
BINGO!!!!

[QuickJet]

It's simple economics. If you can't afford gas, don't buy it. If starbucks can charge $18.00 a gallon for a Carmel Machiato then why the hell can't Exxon sell gas for $3.09? I don't hear anyone complaining about real estate. California has been enjoying a 15-18% yearly average increase but is anyone complaining....hell no. We are all refinacing and buying sh!t with our equity or selling our homes at amazing profits.
If you can't afford it, get a better job or work from home. Ride a horse or a bike! Damn hippies think they know it all.

[Poster X]

It's simple economics. If you can't afford gas, don't buy it. If starbucks can charge $18.00 a gallon for a Carmel Machiato then why the hell can't Exxon sell gas for $3.09? I don't hear anyone complaining about real estate. California has been enjoying a 15-18% yearly average increase but is anyone complaining....hell no. We are all refinacing and buying sh!t with our equity or selling our homes at amazing profits.
If you can't afford it, get a better job or work from home. Ride a horse or a bike! Damn hippies think they know it all.
So anything that doesn't affect you personally is pretty much ok? I got news for ya Einstein. We have an oil based economy. Whether you care or not all other prices will have to adjust to accomodate the end tier of the economy. The folks that mow your yard will still need gas to get there. Minimum wage will have to adjust to make a lowend job justifiable for the distance. The entire economy will adjust (upwards) to meet the cost of gasoline. It is already reflected in your electric bill. Get Dubya to print more money. I think we're still ahead of the peso?

[QuickJet]

So anything that doesn't affect you personally is pretty much ok? I got news for ya Einstein. We have an oil based economy. Whether you care or not all other prices will have to adjust to accomodate the end tier of the economy. The folks that mow your yard will still need gas to get there. Minimum wage will have to adjust to make a lowend job justifiable for the distance. The entire economy will adjust (upwards) to meet the cost of gasoline. It is already reflected in your electric bill. Get Dubya to print more money. I think we're still ahead of the peso?
Ha, it does affect me personally. I just bought a brand new truck in February and to this date have put over 30,000 miles on it. I spend more in gas than you ever will. My whole point is everything follows suit. Even though gas prices are double than that of 2 years ago, our economy is as strong as ever. It's all relative. Everything goes up, cars, boats, milk, and houses. Why should gas be any different?
Why don't you expand your portfolio to include Exxon Corp? Oh wait you hippie types don't like to feed the machine. You'd rather complain about it and do nothing. Got it!!

[Poster X]

We're all real proud you could afford a new truck. We're also especially moved you thought well enough of it, to brag on the internet. Kudos to you. I know I'm impressed. However, your prodigous pride not withstanding, the economy isn't settled yet. It takes awhile to impact in totality. If you live long enough to be an "old hippie type", you will undoubtable learn the lesson - the pendulum swings both ways. There are ups and downs in your future. And I'm not even Nostradamus. (Well, maybe I'm Nostradamus?) :cool:
You assume a lot? Apparently anyone that doesn't share your leprechaun views of life are poor or old? (Or both?) Tsk, tsk.

[QuickJet]

ha ha ha, yaeh that's it, just keep complaining about how much oil companies are ripping you off while posting on a boating forum. Poor little POSER X! Your life contradicts your politics. Typical do as I say NOT as I do.

[Poster X]

There's no crime in boating or making a good living. I do both. However, I am not so self absorbed that I do not see how others in the world are affected by policy and economy. I also understand very well how decisions made today affect my own investments 5 years, ten years and whatever, down the road. I am also not so arrogant that I don't give a rats ass about anyone but myself. California, sheesh! Cocks and cocky. Y'all go kiss.

[SmokinLowriderSS]

There's no crime in boating or making a good living. I do both. However, I am not so self absorbed that I do not see how others in the world are affected by policy and economy. I also understand very well how decisions made today affect my own investments 5 years, ten years and whatever, down the road. I am also not so arrogant that I don't give a rats ass about anyone but myself. California, sheesh! Cocks and cocky. Y'all go kiss.
For the high and mighty poser, all knowing, all comprehending, far wiser than the rest of us, the blatantly obvious ecsapes you, time and time again. You are definitely qualified to be a Senator.
The oil companies are making a profit, but they are not making an huge, outlandish profit, "sticking" anything to anyone. They are making a profit, in line with the national average, and BELOW the profit ammounts of many other businesses, and since they are average, above some.
What you choose to ignore is the emmense VOLUME OF SALES. A billion in profit is huge on a 1/2-billion in sales (50% profit), it is TINY on the ammount of volume of material oil companies sell to you and I, and to other businesses, which eventually sell it to you & I. Average gasoline sales poserfool, 350 MILLION GALLONS every freaking DAY !!!!!!!!!!!!! Tell me how much money bass pro-shops would make if they sold 4,100 1-dozen boxes of worms every seccond, of every day, all year long??

[QuickJet]

There's no crime in boating or making a good living. I do both. However, I am not so self absorbed that I do not see how others in the world are affected by policy and economy. I also understand very well how decisions made today affect my own investments 5 years, ten years and whatever, down the road. I am also not so arrogant that I don't give a rats ass about anyone but myself. California, sheesh! Cocks and cocky. Y'all go kiss.
WOW, you understand. You're awesome. That's so cool that you understand how it affects others yet still do nothing to help out. What a great Poser. Since you're not so arrogant (like me) and you do give a rats ass about others (unlike me) why don't you tell the class how you've helped others get through the raise in gas prices :rolleyes:

[Poster X]

I pay higher salaries and also have had to inflate my prices to compensate. Eventually, higher gas prices will affect everything especially now that we have eliminated competition. Another thing the brain trust here totally ignores is the many many different ways oil companies make money. You are only looking at wholesale income from refined oil as your argument. Doesn't matter anyway. My goal isn't to educate the uneducated. It's to laugh a couple years from now when your lives are thrown upside down from the decisions you've made the last six years.

[QuickJet]

So you've basically done what everyone else who owns a buisiness has done. What kind of elcectric car do you drive? You can really "stick it to the man" with one of those.

[Poster X]

I have a red bike. Haven't you ever seen PeeWee Herman?
Accumaleted arrogance will be our downfall. In totality Americans (especially a bunch in California) seem to think we have entitlement to wealth and power? Historically, power has changed hands many times. From Greece, to Spain, to France, to England countries have come and gone as super powers. Right now we have more graduates with sports degrees than engineers. Even the head of Intel thinks Americans have their head up their collective asses when it comes to manufacturing and importation. Furhter arrogance only promulgates one fact. History will repeat itself. If push comes to shove y'all can always corner the market in skateboard accessories.

[QuickJet]

I have a red bike. Haven't you ever seen PeeWee Herman?
Accumaleted arrogance will be our downfall. In totality Americans (especially a bunch in California) seem to think we have entitlement to wealth and power? Historically, power has changed hands many times. From Greece, to Spain, to France, to England countries have come and gone as super powers. Right now we have more graduates with sports degrees than engineers. Even the head of Intel thinks Americans have their head up their collective asses when it comes to manufacturing and importation. Furhter arrogance only promulgates one fact. History will repeat itself. If push comes to shove y'all can always corner the market in skateboard accessories.
Ok, I understand the whole "fall of Rome" theory, however how does it relate to the profits of Big Oil.
And yes, skateboarding is why California has the 5th largest economy in the WORLD!

[SmokinLowriderSS]

Accumaleted arrogance will be our downfall. In totality Americans (especially a bunch in California) seem to think we have entitlement to wealth and power.
Ya know, every once in a while (was the moon full last night?) poser actually says something that isn't stupid, and when he does (like the above) I am forced to agree with him.
Of course, it has no relevance whatsoever to the topic of discussion, so I am forced to lambast it on THAT account, but it is an accurate statement.
Unfortunately, the vast majority of that "accumulated arrogance" seems to be cropping up in the following groups:
Liberal members of the government, US Federal Senators especially.
Those who choose to be long-term unemployed without wealth.
Those who choose to live a life on welfare, letting US pay their bills.
The "Black Leadership" (The "reparations" crowd know who they are).
Liberal college professors (now THERES a topic they are qualified to teach).
Liberal book writers (they get no worse than Al Franken).
Liberal Hollywood actors (yes, the 94.6% majority).
Misc Liberal idiots like Mikey Moore who spread their stupidity far & wide.
The "Latino Loby" who wants every thing we have handed to criminals.
The list goes on and on.............

[3 daytona`s]

There are several things I feel are not being discussed--- first the oil industry is an american government assisted monopoly there is no way a bunch of us could go and start an oil company without the help from them.The paperwork hoops to jump thru and road blocks from our own representatives would be overwhelming.The next thing the US assists them in the permits where to drill who can drill etc. etc..Next have you noticed almost all quick shops are oil company owned they have run all the independent mom and pop stations out of business and the ones that remain pay a different price then the oil co. owned stores.Next my uncle has a ranch in Montana when oil dropped below $10.00 a barrell most ranchers capped their wells as not profitable.Now that they can make money the US Govt. along with EPA has made it so difficult and expensive they can`t proceed and have given up.The oil companies use the BS a shortage of crude that`s a lie the Saudi`s have said over and over how much oil do you want we have it.The next problem everyonre brags how much they dump back into the company,I have yet to see it there has not been new refineries built in years,they are taking huge profits out and NOT putting money back in.The US govt. has given HUGE tax breaks and other incentitives that other companies don`t get.It couldn`t be that they are in bed with The Congress and The Senate One more thing the jobs they create so what`s your point the breaks and incentives alone pay that.The fact they are ripping the american people off and if you can`t see that,you either have oil stock or are working for them and don`t care either way. I must say that it was interesting watching the natural gas companies over the past 25 years literally take over town and hald a monopoly with cheap reasonable gas then the past few years they must have hit their target and they pulled the plug and started hammering people as you have no choice but pay their deal.The fact that they could begin drilling in Alaska off shore and numerous other places is very evident to me they are creating an illusion of a self made shortage.

[Blown 472]

So you mean al gore with his 250thou shares of an oil company is making money? and good ol g dumbya and his ilk are making money, come on now those greasy cocksucking peeps in the gubment wouldn't do such a thing, remember they ran for office for the betterment of the people. :rolleyes:

[QuickJet]

So you mean al gore with his 250thou shares of an oil company is making money? and good ol g dumbya and his ilk are making money, come on now those greasy cocksucking peeps in the gubment wouldn't do such a thing, remember they ran for office for the betterment of the people. :rolleyes:
Those stocks are also available to the public. You don't have to be in the gubment to buy them.

[rrrr]

Another thing the brain trust here totally ignores is the many many different ways oil companies make money. You are only looking at wholesale income from refined oil as your argument.
And you're stupid. The numbers being discussed are ExxonMobil's second quarter financial results. The figures include all revenue, expenses, and profits for all operations worldwide. If you knew how to read a financial statement, you would know that most of the income and profit came from exploration and production, not selling unleaded at the pump.......idiot.

[3 daytona`s]

I had a guy make a statement the other day to me and have been thinking it over and have to wonder.Back in the good old days oil companies said hadft o charge us more for addingg lead to gas and thenall of a sudden they have to charge us money to produce unleaded gas Confused. The other thing he brought up deisel fuel kerosene fuel oil is the cheapest fuel to produce,why so expensive. I realize you Texas guys are defending your industry and jobs ,but things don`t jive for me and others.Exon-Mobil is an evil corrupt US GOVT. assisted company.

[3 daytona`s]

I have to add being from the Midwest the oil companies and Govt have fought the efforts to promote Ethanol and Bio Diesel which has to make me wonder why on one side of their mouths they say we need to get off Mideast Oil and also help our farmers and get cleaner burning fuel but fight the progress.

[Poster X]

And you're stupid. The numbers being discussed are ExxonMobil's second quarter financial results. The figures include all revenue, expenses, and profits for all operations worldwide. If you knew how to read a financial statement, you would know that most of the income and profit came from exploration and production, not selling unleaded at the pump.......idiot.
Sheesh..you moron. Exxon makes money hand over fist and it ain't just producing oil. Why you want to suck their oily pee-pee is unbeknownst to me. They are into chemical production (and it ain't gas). Oil products, lubricants and substitutes. Gas stations, convenience stores and general world domination. let's face it. There is absolutely nothing a Republican the GOP or a multinational monopoly can't do that won't make you ejaculate in the girls underwear you hide you hide in your glove box before church. You're a freek and a friggin robot. Try not to talk. You're just white noise.
Exxon Mobil Corporation
Type Public (NYSE: XOM)
Founded 1911 (in 1999, company took on current name)
Location HQ in Irving, Texas
Key people Lee R. Raymond, Chairman & CEO
Rex W. Tillerson, President
Industry Oil and Gasoline
Products Petrochemical products
Revenue $298.035 billion USD (2004)
Employees 88,300
Website www.exxonmobil.com
Exxon Mobil Corporation or ExxonMobil NYSE: XOM, headquartered in Irving, Texas, a suburb of Dallas, Texas, is the largest exxon mobil sim publically-traded oil producer and distributor in the world, formed on November 30, 1999, by the merger of Exxon and Mobil. ExxonMobil is projected to overtake Wal-Mart Corporation at the end of this year in revenue. The merger of Exxon and Mobil is symbolic in American history because it once again consolidated the two largest companies (Standard Oil Company of New Jersey/Exxon and Standard Oil Company of New York/Mobil) of John D. Rockefeller's Standard exxon mobil n68 oil Oil trust.
The current ExxonMobil is the parent of Exxon, Mobil, and Esso companies around the world. Of the four largest oil companies in the world exxon mobil in russia (ExxonMobil, Royal Dutch Shell, BP, and Total), exxon mobil environment policy ExxonMobil is the largest of them all. The current CEO of ExxonMobil is Lee Raymond, who is to be succeeded by Rex Tillerson, the current president.
Name
Exxon formally replaced the Esso, Enco, exxon mobil msds and Humble brands on January 1, 1973 in the USA. The name Esso, which sounds like S-O, attracted protests from other Standard Oil spinoffs because of its similarity to the name of the parent company, Standard Oil. Hence, the company was restricted from using Esso in the USA except in those states awarded to it in the 1911 Standard Oil antitrust settlement. In states where the Esso brand was blackballed, the company marketed its gasoline under the Humble or Enco brands. The Humble brand was used at Texas stations for decades as those operations were under the direction of Jersey Standard affiliate, Humble Oil, and in the mid-to-late 1950s expanded to other Southwestern states including New Mexico, Arizona and Oklahoma.
In 1960, Jersey Standard gained full control of Humble Oil and Refining Co., and through a reorganization of the company, restructured Humble into Jersey's domestic marketing and refining division to sell and market gasoline nationwide hojas de seguridad mobil exxon under the Esso, Enco and Humble brands. The Enco brand was introduced by Humble in 1960 at stations in Ohio but was soon blackballed after Standard Oil of Ohio (Sohio) protested that Enco (Humble's acronym for "ENergy COmpany) sounded exxon mobil atf 220 and looked too much like Esso as it shared the same oval logo with blue border and red letters with the two middle letters the only difference. At that point, the stations in Ohio would be rebranded Humble until the name change to Exxon in 1972.
After the Enco brand was discontinued in Ohio, it was moved to other non-Esso states. In 1961, Humble stations in Oklahoma, New Mexico and Arizona were rebranded as Enco and the Enco brand exxon mobil companies appeared on gasoline and history of exxon mobil lubricant products at Humble stations in Texas that same year with service stations there changed to Enco in 1962. By that time, Jersey had expanded the exxon mobil station Enco brand to stations in the Midwest and Northwest that had been operated by various subsidaries such as Carter, Pate and Oklahoma among others.
In 1963, Humble was approached by Tidewater Oil Company - a major gasoline marketer along the eastern and western seaboards - to purchase the firm's kerry lyle exxon mobil refining and marketing operations on the exxon mobil corp west coast, a move that would have given Humble a large number of existing exxon mobil chemical distributors stations and a refinery in California - which was then the fastest growing gasoline market. However, the Justice Department objected to Humble's plan to purchase Tidewater's west coast operations, which were later sold to Phillips Petroleum in 1966. Meanwhile, Humble gradually built up new and rebranded service stations in California and other western mobil exxon states under the Enco brand and purchased a large number of stations from Signal Oil Company in 1967, followed by the opening of a new refinery near Monterey in 1969.
In 1966, the Justice Department ordered Humble to "cease card credit exxon gas mobil and desist" from using the Esso brand at stations in several Southeastern states following protests from Standard Oil of Kentucky (a Standard Oil of California subsidary by that time). By 1967, stations in each of those states were rebranded as Enco.
Despite the success of the "Put A Tiger In Your Tank" advertising campaign introduced by Humble in 1964 to promote its Enco/Esso Extra gasolines, the similar logotypes, use of the Humble name in all Esso/Enco ads and the uniformity in design and products of Humble stations nationwide, the company still had difficulties promoting itself as a nationwide gasoline marketer competing against truly national brands such as Texaco - then a 50-state exxon mobil in houston tx marketer and the only company selling products under one brand name in each state. Humble officials exxon mobil credit card realized by the late 1960s that the time had come to swallow its pride by developing a new brand name that could be used nationwide throughout the U.S. At first, consideration was given to simply rebranding all stations as "Enco" but that was shelved when it was learned that the Japanese translation of "Enco" was "stalled car."
In order to create a unified brand, the company changed its corporate name from Jersey Standard to Exxon, rebranding all its U.S. stations under the latter title in the summer and fall of 1972 following the successful test marketing of the Exxon brand and logo in late 1971 and early 1972 at rebranded Enco/Esso stations in certain U.S. cities. However, the unrestricted international use of the popular brand Esso prompted the company to continue using Esso outside of the USA. Esso is the only exxon and mobil widely used Standard Oil brand left in existence. Other Standard Oil descendants, such as BP and Chevron, do however maintain a few stations with the Standard Oil brand in specific states in order to retain their trademarks and prevent others from using them.
The rectangular Exxon logo with the blue strip at the bottom and red lettering with the two "X's" interlinked exxon mobil together was designed by noted industrial stylist Raymond Loewy. The interlinked "X's" are incorporated in the modern-day ExxonMobil logo.
History
Both Exxon and Mobil were descendants of the old John exxon mobil corporation D. Rockefeller monopoly, Standard Oil. In 1911, after a United States Supreme Court ruling which upheld a federal court order to dissolve it, the Standard Oil Trust was split into 34 companies. Two of these companies were Jersey Standard, which eventually became Exxon, and Socony ("Standard Oil Company of New York"), which eventually ny pay exxon mobil online state exxon mobil became Mobil.
In the same year, the nation's kerosene output was eclipsed for the first time by gasoline. The growing automotive market inspired the product trademark Mobiloil, registered by Socony in 1920.
Over the next decade, both companies grew significantly. Jersey Standard acquired a 50 percent interest in Humble Oil & Refining Co., a Texas oil producer. Socony purchased a 45 percent interest in Magnolia exxon mobil baytown texas refinery web site Petroleum Co., a major refiner, marketer and pipeline transporter. In 1931, Socony merged with Vacuum Oil Co., an industry pioneer dating back to 1866 and a growing Standard Oil spin-off in its own right.
In the Asia-Pacific region, Jersey Standard had oil production and refineries in Indonesia but no marketing network. Socony-Vacuum had Asian marketing outlets supplied remotely from California. In 1933, Jersey Standard and Socony-Vacuum merged their interests in the region into a 50-50 joint venture. Standard-Vacuum Oil Co., or "Stanvac," operated in 50 countries, from East Africa to New Zealand, before it was dissolved in 1962.
Mobil exxon mobil stock Chemical Company was established in 1960. As of 1999 its principal products included basic olefins and aromatics, ethylene exxon mobil production facilities glycol and polyethylene. The company produced synthetic lubricant base stocks as well as lubricant additives, propylene packaging films and catalysts. Exxon Chemical Company became a worldwide organization in 1965 and in 1999 was a major producer and marketer of olefins, aromatics, polyethylene and polypropylene along with specialty lines ny state exxon mobil inspection stations such as elastomers, plasticizers, solvents, process fluids, oxo alcohols and adhesive resins. The company was an industry exxon mobil business leader in metallocene catalyst technology to make unique polymers with improved performance.
In 1955 Socony-Vacuum became Socony Mobil Oil Co. and in 1966 simply Mobil Oil Corp. A decade later, the newly incorporated Mobil Corporation absorbed Mobil Oil as a wholly owned subsidiary. Jersey Standard changed exxon mobil pegasus place its name to Exxon Corporation in 1972 and established Exxon as a trademark throughout the United States. In other parts of the world, Exxon and its affiliated companies continued to use its Esso trademark.
On March 24, 1989, shortly after midnight, the oil tanker Exxon Valdez struck Bligh Reef in Prince William Sound, Alaska, spilling more than 11 million gallons (42,000 m³) of crude oil. The spill was the largest in U.S. history, and in the aftermath of the Exxon Valdez incident U.S. Congress passed the Oil Pollution Act of 1990. At the time of the spill, Exxon paid $300 million immediately and voluntarily to more than 11,000 Alaskans and businesses affected by the Valdez spill. In addition, the company paid $2.2 billion on the cleanup of Prince William Sound, staying with the cleanup from 1989 to 1992, when the State of Alaska and the U.S. Coast Guard declared the cleanup complete. Exxon also has paid $1 billion in settlements with the state and federal governments. Virtually all Valdez compensatory damages were paid in full within one year of the exxon mobil atf exxon mobil of stockholders 220 product info accident, and the trial court commended Exxon for coming forward "with its people and its pocketbook and doing what had to be done under difficult exxon mobil stations oklahoma city circumstances." exxon mobil quarter billion However, Exxon has yet to pay up for the largest ruling against it, making no payments on $4.5 billion in punitive damages and perpetually appealing mobil exxon savings plan each successive judgment exxon mobil fairfax park jog for the past 16 years.
In 1998, Exxon and Mobil signed a US$73.7 billion definitive agreement to merge and form a new company called Exxon Mobil Corporation, the largest company on the planet. After shareholder and regulatory approvals, the merger was completed November 30, 1999 (the deal was announced the next day).
In 2000, ExxonMobil sold the Benicia, California refinery and 340 Exxon-branded stations to Valero Energy Corporation, as part of an FTC-mandated divestiture of California assets. ExxonMobil continues to supply exxon exxon mobil rotation working 3 weeks on mobil card petroleum product to over 700 Mobil-branded retail outlets in the state.
In 2005, exxon mobil stock split its stock price surged exxon mobil master card in parallel with rising oil prices, surpassing General Electric as the largest corporation in the exxon mobil italy world in terms of market capitalization.
Exxon's long-time mascot is a Tiger; Mobil's mascot is a Pegasus which dates back to the late 19th century and is one of the oldest marketing symbols still in use.
ExxonMobil now has the most assets in the world, and generated 246.7 billion dollars in total revenue for 2003.
Allegations against ExxonMobil
ExxonMobil's activities in the Indonesian territory of Aceh, where the company extracts and exports natural gas, have attracted scrutiny. In June 2001, ExxonMobil became the target of a lawsuit in the Federal District Court of the District of Columbia, under the Alien Tort Claims Act. The suit alleged that the company knowingly assisted human rights violations, including torture, murder and rape, by employing and providing material support to Indonesian military forces, who committed the alleged offenses in Aceh. Human rights complaints involving ExxonMobil's relationship with the Indonesian military first arose in 1992; numerous inquiries have found evidence of human rights violations on ExxonMobil property and/or committed by Indonesian troops guarding ExxonMobil facilities. The company denies these accusations and filed a motion to dismiss the suit, which is still pending as of 2005. The U.S. State Department filed an opinion in the case in July 2002, requesting that the suit, brought by the International Labor Rights Fund, be dismissed on national security exxon mobil station locator grounds. [1]
ExxonMobil controls concessions covering 11 million acres (44,500 km²) off the coast of Angola that hold an estimated 7.5 billion barrels (1.2 km³) of crude. [2] Questions have been raised about ExxonMobil's actions in securing these concessions Forbes Magazine alleging that "ExxonMobil handed hundreds of millions of dollars to the corrupt regime of President José Eduardo dos Santos in the late 1990s". [3]
In 2003, the Office of Foreign Assets Control reported that ExxonMobil engaged in illegal trade with Sudan exxon mobil products and along with dozens of other companies had to settle with the United States government for US$50,000 [4].
Exxon Mobil is regarded by many environmental activists as an example of disregard for environmental concerns by US-based corporations. The company has exxon mobil singapore cracker 2005 been a target for a number of political campaigns, including the Stop Esso campaign, exxon mobil gas card held by Greenpeace, Friends of the Earth and People and Planet, and aimed at boycotting Esso. These organisations commonly parody the company's brandname as "E$$O", an example of alternative political spelling, to indicate their belief that the company is only interested in short-term profit, and is willing to use its financial power all about exxon mobil exxonmobil to buy influence. Unlike other major oil companies such as Royal Dutch Shell and BP, Exxon is one of the few that has actively fought the Kyoto Protocol and disputed exxon mobil petrolium co transportation department scientific opinion on global climate change.
Greenpeace has been campaigning against Esso for many years and its main reasons for doing so include ExxonMobil's position on the issue of climate change. Greenpeace claims that ExxonMobil has flatly refused to believe that the burning of fossil fuels has any negative effect on the environment or climate change as a whole, despite these theories being accepted by most of the scientific community. As soon as Bush was elected, the USA - the world's biggest polluter - withdrew from the Kyoto Protocol, the international measure to cut down on global warming and Greenpeace has argued ExxonMobil encouraged Bush to take a stance against Kyoto.
Kelloggs sued Exxon based on a claim that the Tiger mascot looked like Tony the Tiger.
Diversity
ExxonMobil received a 14% rating from the Human Rights Campaign's Corporate Equality Index in 2004. The company had previously lost points because after the merger mission statement exxon mobil it failed to adopt some of the LGBT-friendly policies previously exxon mobil atf 220 specifications put into place at Mobil. Moreover, lee raymond and exxon mobil sexual orientation was taken off the list of protected classes in the ExxonMobil non-discrimination policy following Mobil's merger with Exxon. However, ExxonMobil contends in other publications that the non-discrimination policy does apply to sexual orientation, even though it is not written expressly in the policy.
Domestic partner benefits were ended following Mobil's merger with Exxon. Mobil employees who already had DP benefits were allowed exxon mobil gas to keep them, but other employees could not add their DPs to the benefit plans after the merger. ExxonMobil does offer DP benefits in countries where same-sex marriage is legal.

[Blown 472]

Those stocks are also available to the public. You don't have to be in the gubment to buy them.
You also dont have to lie about the evils of the internal combustion engine as well.

[HM]

You also dont have to lie about the evils of the internal combustion engine as well.
EEEEEEEEvvvvvel. All I wanted was fricken sharks with laser beams strapped to their heads!!! Is that too much to ask for??? So, I have to settle for the more subtle but just as evil internal combustion engine. It is not sexy, but it gets the job done. It is amazing that I was able to make an inanimate object evil!!! Bwuuuu hah hah hah hah <--------evil laugh. :D

[SmokinLowriderSS]

So you mean al gore with his 250thou shares of an oil company is making money? and good ol g dumbya and his ilk are making money, come on now those greasy cocksucking peeps in the gubment wouldn't do such a thing, remember they ran for office for the betterment of the people. :rolleyes:
Don't forget the Kennedy's own several small oil companies ...... not just stock ownership, but CONTROLLING ownership. He's looking out for your best interests tho ..... :rolleyes:

[SmokinLowriderSS]

I had a guy make a statement the other day to me and have been thinking it over and have to wonder.Back in the good old days oil companies said hadft o charge us more for addingg lead to gas and thenall of a sudden they have to charge us money to produce unleaded gas Confused. The other thing he brought up deisel fuel kerosene fuel oil is the cheapest fuel to produce,why so expensive. I realize you Texas guys are defending your industry and jobs ,but things don`t jive for me and others.Exon-Mobil is an evil corrupt US GOVT. assisted company.
Diesel is no longer so cheap to produce. Nearly all the sulfur content has to now be removed (costs) (which has damaged a LOT of older diesels) and various lubricating additives have had to be developed to replace it's effects in the fuel injection pumps. Parrafin content has to be controlled, and reduced in cold weather to reduce jelling problems. Diesel is not the simple animal to produce it once was, Kerosene is an even purer substance, requiring more refinement time and effort, which equals $$$$

[SmokinLowriderSS]

You also dont have to lie about the evils of the internal combustion engine as well.
New record stupid quote, saved for posterity ..... the internal combustion engine, which revolutionized the entire world, and produced most of the modern conveniences we have today, is EVIL!!!!!!!!!!!!! :cry: :cry: :rolleyes: :rolleyes: :rolleyes: :rolleyes:

[QuickJet]

You also dont have to lie about the evils of the internal combustion engine as well.
Since neither you nor I give a rats ass about the "evils" of the internal combustion engine, we can move on.

[Blown 472]

New record stupid quote, saved for posterity ..... the internal combustion engine, which revolutionized the entire world, and produced most of the modern conveniences we have today, is EVIL!!!!!!!!!!!!! :cry: :cry: :rolleyes: :rolleyes: :rolleyes: :rolleyes:
Jesus you are a ****ing idiot, do you even know who said that stuff?

[Blown 472]

EEEEEEEEvvvvvel. All I wanted was fricken sharks with laser beams strapped to their heads!!! Is that too much to ask for??? So, I have to settle for the more subtle but just as evil internal combustion engine. It is not sexy, but it gets the job done. It is amazing that I was able to make an inanimate object evil!!! Bwuuuu hah hah hah hah <--------evil laugh. :D
HOly shit, where you bean?

[SmokinLowriderSS]

bump
You want to look at the dollar ammounts an oil company takes in and scream "They are screwing us!" when they make a smaller profit margin than your bank, the grocery store down the street, the clothing store you shop at, or the nearest new car dealership to you, or MY employer (a Canadian company by the way).
MY employer wants 20%, oil companies make 8% to 9%.
The US pumps (on average) 300,000 gallons of gasoline alone per day,
PER DAY canuck.
What is the acceptable dollars of profit on 109.5 MILLION GALLONS of gasoline canuck?
We'll dig through diesel, motor oil, road and roofing tar, asphalt, rubber products, nylon, kevlar, fertilizers, and comon plastics later.

[Old Texan]

The US pumps (on average) 300,000 gallons of gasoline alone per day,
PER DAY canuck.
Smokin', I'd wager that number is a misprint and drastically low.:confused:

[asch]

Profit aside,
it costs a lot of money to produce a gallon of gasoline ie importing refining and distribution. And in states like here in Ca, the regulations are much more strict than say Texas or Colorado because of the EPA "blend" requirements resulting in higher pump prices. So in order to get that gallon of gas to the pump, people gotta pay for it. As regulation increases, so does the cost...obviously...or maybe not so .
As someone that is self employed, I understand operating cost and how to price accordingly so that I don't short change myself and my business. People complain about pricing but what they fail to realize is the overhead required for me to show up at their home or business and provide the service they need.
The people that complain about profits or the cost of something are usually the ones that work 8 or more hours for someone else, get a mediocre check pay the bills, whine about not having enough money and try to blame someone else for it. As a result, we end up with people trying lower the profit bar of everyone else and produce and equalized society.
My advice:
Go start a business or get another job and start contributing money into the economy rather than redistributing it.
Don't get me wrong, I realize that this isn't an end-all solution for everyone. I'm addressing the able body and minded people.
Admittedly, the government is responsible for a huge increase in living and operating expenses, but that's another topic. Beyond that, when operting expenses go up, so does everything else, including profit. Get use to it.

[asch]

Also, for example, Verizon is a huge "corporate profit hog" right???
Don't hear any complaints about their or similar corporations profits (except from those few within the companies themselves maybe).
That's because the oil companies produce a "destructive" product from fossil which is taken from the ground and seemingly becoming less abundent.
I would also submit that it's part of the on-going process to make the U.S. more equal with other less prosperous and less free, nations.
What about bottled water manufacturers? Talk about making money hand-over-fist.
What if say all the oil companies were to completely drop out of the oil business and get into the bottled water business or the communications business, you can bet that there'd be whole lot less "profit" complaining.
Bottled water profit good. Oil profit bad.
So I ask: Is it really about the profit?

[SmokinLowriderSS]

The point is SS is that the 8 - 9% that you and the oil co give is BS. Look at the before tax profit #'s and tell me again where the less than 10% profit BS comes from.
Creative accounting at its best
and from the past
well smokin....you read the book and you still don't have a clue.....
A few points to ponder
are taxes collected for the gov same as taxes paid?
how about depreciation...do you know what is being depreciated
Do the big companies actually buy oil on the market
none went under when oil was at $10 barrel.....
The company brochures that you posted were good reading but mostly good propaganda
Fine canuck1, it is all just lies, propoganda, smoke and mirrors, and you are one of the few who actually see through it to the obvious truth.
The money reported is true (unless it is a lowball lie of the REAL money ammount)
The way the money is gotten is a lie
The cost of making the money is a lie
The taxes are actually kickbacks, to get the burocrats in on the ponzi scheme
The IRS is actually in on it as well, approving the book-cooking, permitting itself to be cheated/shortchanged.
None of the miriad of smaller oil companies that failed in the late 80's and 90's actually existed.
Yes, the orriginal "Seven Sisters of Standard Oil" are still arround, sorta.
You see the truth canuck, and I and others are nothing but fools.
Fine canuck, whatever. :rolleyes:
The Schollars For Truth (and others) say the same stupid, unsupportable conspiratorial BS over the events of 11Sept2001, despite facts from those with specialty knowledge who state otherwise, and can support their claims.
I used to be willing to discuss this topic back a year ago, and did much research on it, to keepo the actual facts straight, but you intrinsically know better, fine, whatever.
Just like Blown and the USS Liberty, which was deliberately attacked, but NOT SUNK by Isreal, despite reams of evidence to the contrary.
Just like blown, if you don't LIKE the answers, they are B.S.
I'm done arguing it with you. I gave up head-butting brick walls looooooooong ago. It gave me a headache and nothing else.
You are right Old Tex, I pulled the number out of memory as an aproximation, and did I fuk up. Left off 3 zeros, very significant figures.
U.S. gasoline consumption (March 2005) 320,500,000 gallons per day.
320.5 MILLION gallons a day, 3,700 gallons a SECCOND
172,200,000 gallons of DIESEL FUEL Per Day was the 2005 average.
A couple of things to put it in a more "visual" perspective, statistically:
US 2005 oil consumption, 21,930,000 barrels a day, if lined up in 1-gallon cans, they would encircle the earth at the equator almost 6 times (about 147,000 miles of cans) — every day.
EVERY DAY, the US consumes enough oil to cover a football field with a column of oil 2500 feet tall. That's 121 million cubic feet.
One of the many sources of data, but the govt is in on it, so it's BS. EIA ; Energy Ainformation Administration (http://www.eia.doe.gov/)

[SmokinLowriderSS]

Also, for example, Verizon is a huge "corporate profit hog" right???
Don't hear any complaints about their or similar corporations profits (except from those few within the companies themselves maybe).
That's because the oil companies produce a "destructive" product from fossil which is taken from the ground and seemingly becoming less abundent.
I would also submit that it's part of the on-going process to make the U.S. more equal with other less prosperous and less free, nations.
What about bottled water manufacturers? Talk about making money hand-over-fist.
What if say all the oil companies were to completely drop out of the oil business and get into the bottled water business or the communications business, you can bet that there'd be whole lot less "profit" complaining.
Bottled water profit good. Oil profit bad.
So I ask: Is it really about the profit?
I think you have a handle on it right there asch, and a good solid-double-grip handle too. :idea:

[asch]

I think you have a handle on it right there asch, and a good solid-double-grip handle too. :idea:
Well..ya know...maybe I do, maybe not. It's only my observation and probably has zero impact, however I like to believe my sources are reliable ;)
While we're discussing profits, how bout them utility companies???
Talk about sickening :D I would think some folks probably spend AS much and possibly more on their utilities per month than on pump gas.
I say some folks because my wife for example spends $260 per month on gas and therefore is a bad example. But for the person that maybe uses public trans. or drives a couple miles down the street to their job, it would apply. Where's the relentless "profiteering" outrage on this?
Point is, whether gas is $1.50 or 3.50, (evil) oil companies always get the wrath based on the product they produce. Excessive profits are a convenient excuse, at least until these same complainers find another way to inexspensivly power their engines which they rely upon just as much as the next guy in order to carry on with life. Until then, they'll complain about the profits.
When there's an affordable alternative, they'll FULLY turn their attention to abolishing dependence on this (evil) product. At which point, there will simultaneously be a HUGE demand for, most likely, corn. With it comes a (eminant domain) land grab of massive proportions.
Deep down in the motives of these people is a desire to seize land. Plain and simple. It's not about the environment. It's not about potential cataclysmic
destruction. Government controls the land so it therefore controls what's done on the land. Privatization of anything is fleeting nowadays.
I've come to a conclusion about all this. Communism is very much alive and functioning within our government specifically the judiciary and the various institutions. 40+ years ago, there was movement afoot within the universities and college campuses. That movement is now in charge and running this country and there's going to be Hell to pay for it in the near future.
I consider all THIS to be an inconvenient truth.

[hoolign]

Pay:
Occupation Oil and gas extraction Support All industries
General and operations managers $49.93 $37.57 $37.22
Petroleum engineers 47.24 36.68 42.55
First-line supervisors/managers of construction trades and extraction workers
27.44 24.90 24.25
Petroleum pump system operators, refinery operators, and gaugers
23.52 22.12 24.27
Wellhead pumpers 16.73 14.82 16.31
Rotary drill operators, oil and gas 16.17 17.34 17.11
Service unit operators, oil, gas, and mining15.87 14.58 14.75
Derrick operators, oil and gas 15.26 16.18 16.11
Roustabouts, oil and gas 12.60 11.89 11.94
Helpers-Extraction workers 11.58 12.77 12.66
Geez ... where else can unskilled (legal) labor get $12 an hour???????
Wow ..those were the wages in 1985!
Entry level roughnecks get 24 -28 an hour, Drillers are +/- 34 tool pushes are 45- 50.00
And engineers / consultants are about 110.0
This is all per hour
based on a 12 hour day
I.m not even gonna get into the "oil company profit" part of this...but after 24 years on rigs.. I have my opinions.. I'll leave the assuptions to the forum leaders! :D
Oh and Blown..WTF?? dude :D

[Old Texan]

Deep down in the motives of these people is a desire to seize land. Plain and simple. It's not about the environment. It's not about potential cataclysmic
destruction. Government controls the land so it therefore controls what's done on the land. Privatization of anything is fleeting nowadays.
I've come to a conclusion about all this. Communism is very much alive and functioning within our government specifically the judiciary and the various institutions. 40+ years ago, there was movement afoot within the universities and college campuses. That movement is now in charge and running this country and there's going to be Hell to pay for it in the near future.
I consider all THIS to be an inconvenient truth.
According to PX an U-26, this is "Conservative Paranoia". I call it "Liberal Naivete". The 60's "radicals" are now in positions of power allowing for a lot of the socialist gains in this country and undermining the "system" just like they said they would.
The followers of Hayden, Hoffman, Rubin, and their like always
promoted "quietly and softly from within" and guess what, it's working.

[ULTRA26 # 1]

It has been said in this thread that oil company profits are about 8 to 9 cents a gallon. The price has gone up 60 cents a gallon in the past 6 weeks. Where in the fU** is this increase going? The price of gas roller coaster is getting old. It's been projected the price of gas to be $4.50 by June. The cost of oil has not increased to this degree. The cost to refine and/or process has not increased to this degree. I am not a fan of more govt control and I'm also not a fan of getting ripped. I have tried to research an explanation to the recent and sudden 25% increase with no acceptable success. I'm not buying reformulation and the TX refinery fire as a basis for over 25% in 6 weeks. It seems to me that the oil companies have got all of us bent over and they've lost all regard for how far to penetrate. Why???? Because they can and don't give a sh**
John M

[rrrr]

Wow ..those were the wages in 1985!
Entry level roughnecks get 24 -28 an hour, Drillers are +/- 34 stool pushers are 45- 50.00
:D
Jeezuz hoolign.........:jawdrop: :D
Back to your regularly scheduled idiot argument, fellas. :D

[eliminatedsprinter]

It has been said in this thread that oil company profits are about 8 to 9 cents a gallon. The price has gone up 60 cents a gallon in the past 6 weeks. Where in the fU** is this increase going? The price of gas roller coaster is getting old. It's been projected the price of gas to be $4.50 by June. The cost of oil has not increased to this degree. The cost to refine and/or process has not increased to this degree. I am not a fan of more govt control and I'm also not a fan of getting ripped. I have tried to research an explanation to the recent and sudden 25% increase with no acceptable success. I'm not buying reformulation and the TX refinery fire as a basis for over 25% in 6 weeks. It seems to me that the oil companies have got all of us bent over and they've lost all regard for how far to penetrate. Why???? Because they can and don't give a sh**
John M
Last year they put the umbrella up our a$$, now they want to open it.:eek:
I also have not found an answer. However, I do know that it was our crooked legislature that stuck Ca with it's goofy unique formula that has made our gas cost so much more than the rest of the continental U.S. I would love it if some intrepid reporter would look into which legislators voted for that formula change and did a story, so we could make them pay at the polls for what they have made us pay at the pump. Not to mention what they have done to our water by using MTBE...Of course the easy answer is that it was the Democrats (and mostly it was) but I would also like any Republicians who supported this debacle to pay as well, if any of them are still running for office here in Ca.

[asch]

Why???? Because they can and don't give a sh**
John M
Is there something requiring them to give a sh--. Yeah, fuel is expensive. I agree. By the time everyone (including the government) gets paid, the price is through the roof. But so is that Ultra in your avatar. Wasn't cheap was it? A lot of people had to get paid to produce that product. I'm not talking only about the boat manufacturer.
How bout you you sell that thing to me for $6K and you eat the rest cause that's all I can afford and because you give a sh--.

[ULTRA26 # 1]

Not complaining about the high cost of fuel I was referring to a price roller coaster. I'm aware that everyone needs to get paid to manufacture a gallon of gas. I'm also aware that the overall cost to manufacture a gallon of gas did not increase by more than 25% in the last 6 weeks Who knows when this increase is going to stop? In my opinion, oil companies operate with a drug dealer mentality. They see us as addicts. Lets all cheer for the oil companies.
John M
PS WTF does my boat have to do with this?

[ULTRA26 # 1]

Last year they put the umbrella up our a$$, now they want to open it.:eek:
I also have not found an answer. However, I do know that it was our crooked legislature that stuck Ca with it's goofy unique formula that has made our gas cost so much more than the rest of the continental U.S. I would love it if some intrepid reporter would look into which legislators voted for that formula change and did a story, so we could make them pay at the polls for what they have made us pay at the pump. Not to mention what they have done to our water by using MTBE...Of course the easy answer is that it was the Democrats (and mostly it was) but I would also like any Republicians who supported this debacle to pay as well, if any of them are still running for office here in Ca.
As being one who used cough and choke on the air in Loa Angeles, over 40 years ago, I can't say that what has happened to gas in CA has been a bad thing. With many millions more cars on the road today, the air in So Cal way better. CA formula or hi tech unleaded burring vehicles?? I wish I had the definitive.
John M
added: I just read in another thread where someone commented on people revolting about higher taxes. I think taxes suck, like most everyone. Tax increases even worse. How can anyone on here see what the oil companies are doing to all of us in a better light than a tax increase?

[asch]

According to PX an U-26, this is "Conservative Paranoia". I call it "Liberal Naivete". The 60's "radicals" are now in positions of power allowing for a lot of the socialist gains in this country and undermining the "system" just like they said they would.
The followers of Hayden, Hoffman, Rubin, and their like always
promoted "quietly and softly from within" and guess what, it's working.
Yep.
'ol Stalin wrote that the U.S. (or any free nation) could be defeated from within.
It would take 50 years to accomplish the objective. I'm paraphrasing but essentially a slow tearing down of whatever traditional beliefs that made the country free is the key. Infiltrate the country's institutions and its culture and succeeding generations with antithetical propaganda.
Our enemies are both seen and unseen. There are the obvious threats and there are the not so obvious, subtle threats. The unseen, fifth column advance has been on the move for many years. The "undermining" of the country has become more and more sophisticated by repackaging communism into liberalism and socialism, nevertheless, the intended objective is the same.
Why has there been an incessant intent to move drugs into our culture and legalize them for the last 40+ years? Compare our culture to that of the 1950's? Pervasive ideas that have been flowing out from the universities and now it's showing everywhere you go. Forget about the media, for the most part, it's just a tool to further propagandize the citizenry.
Stalin wrote about these things about 50 years ago. I believe we will soon arrive at those ends in the coming years.
Sorry, didn't mean hijack with this post.

[eliminatedsprinter]

As being one who used cough and choke on the air in Loa Angeles, over 40 years ago, I can't say that what has happened to gas in CA has been a bad thing. With many millions more cars on the road today, the air in So Cal way better. CA formula or hi tech unleaded burring vehicles?? I wish I had the definitive.
John M
Ca has improved it's air, by imposing emission standards on vehicles, but it's fuel formula isn't any cleaner than the other states, it's just different. All states burn cleaner fuel and it has no doubt helped. Our leaders just made a stupid choice (or more correctly choices) in chosing our unique formula, which actually causes us to get worse gas milege, therefore we have to burn more of it, so it may, in fact, pollute more than the other states formula. For one thing, most other states are way ahead of us, because they chose to use ethenol as their oxidative additive, while we chose that idiotic MTBE instead.:confused:
P.S. I wonder if it is a coincdence that the company that makes MTBE has given tons of money to Ca Dems for so many years....:idea:
P.P.S. I was raised on L.A. air and ran track in LA air. I'm closer to 50 than I am to 40 and I just moved to the AV a year and a half ago. I'm having trouble adjusting to this air. I've been raised not to trust any air I can't see...;)

[asch]

How can anyone on here see what the oil companies are doing to all of us in a better light than a tax increase?
Yeah they got us by the balls. That's why we NEED to start drilling our own land. Wait, that's not gonna happen because people complain about air quality and so the government limits refinement capabilities. Places like Ca. will only get higher pump prices as a result. We (Americans, Californians specifically) either need to quit whining, drill our own oil or make more money to afford it. Unless one of these three happen, nothings going to change. It's only going to get more expensive.
BTW- I call BS on you not caring about the cost of gas. Why else are you here talking about it? Because it's not fair to others who can't afford it? If it's because you think the oil companies are making too much profit well.....
Plumbers make a lot of profit too. Would you like me to snake out your main sewer line? Legally, I can charge you whatever price you agree to on the contract. $150-300 is about what I normally charge. Am I making too much profit?
More people need to experience the trials overhead of running a business. There'd be a lot less complaining. Guaranteed.

[asch]

In my opinion, oil companies operate with a drug dealer mentality. They see us as addicts.
Damn right were addicts. Why should the oil companies have a heart?
This U.S. is an engine that needs to be fueled.
PS WTF does my boat have to do with this?
I was trying to draw a comparison.

[ULTRA26 # 1]

Blaming the current nation wide spike in gas prices on CA Dems is a joke.
Comparing oil company profits to that of plumbers is also a joke. Paying fewer taxes and paying more for fuel results in less for the people and more for the oil companies. Seems off the mark to me.
My post was about the gasoline price roller coaster. ASCH call BS if you would like.
John M

[asch]

Comparing oil company profits to that of plumbers is also a joke.
I'm already afraid to read your answer, but I'll ask it anyway: Why is comparing a plumbing company's profits to that of the oil company's a joke?
What comparison wouldn't be a joke?
How about this:
I'd like to go buy a brand new F350, crew cab, 4X4, long bed, powerstroke, king ranch truck, but I'm looking at $50K+. Not going to happen any time soon. Why do they have to cost so much? Why does the price continually go up every year?
Or this:
My grandmother's 3bdrm., 2bth., 1700sq ft. home that hasn't been renovated or updated in the least since it was built in the mid 60's being currently valued at just under 1 mil to me, is a joke.
But, alas, the home market will bear what it will and so will the fuel market.
How about the music industry?
Before the internet, the only way to get music was to go pay $15-20 bucks for a CD!! Remember that? it costs probably even more now. That was always a lot of money for CD in my opinion especially back in 1989 when I was first out on my own. Okay, maybe not $20 for a CD in 89, but you sure could easily spend $15 on a fresh release.:D But I wanted my music and was willing to pay for it. Anyway, it's the same argument. People ask why does it cost so much for a music CD? "Greedy" CEO's is usually the answer. Do I support their "greed"? No. I support their right to run their business freely and make whatever profit they desire.
My post was about the gasoline price roller coaster.
Ebbs and flows Mr Ultra. Ebbs and flows
Paying fewer taxes and paying more for fuel results in less for the people and more for the oil companies.
As for the fewer taxes part...I agree. As for more for the oil companies, as long as we keep demanding it, they're gonna keep supplying it and make a lot of money doing so. Is what they're charging illegal? No. Immoral? Probably. But where do we draw the line and say OK, that's far enough? There is no line in a free market, free enterprise society. Until at least regulation of pricing gets involved, at which point things get even more complicated.

[ULTRA26 # 1]

BTW- I call BS on you not caring about the cost of gas. Why else are you here talking about it? Because it's not fair to others who can't afford it? If it's because you think the oil companies are making too much profit well.....
Plumbers make a lot of profit too. Would you like me to snake out your main sewer line? Legally, I can charge you whatever price you agree to on the contract. $150-300 is about what I normally charge. Am I making too much profit?
The plumber relationship came from your previous post.
An increase of over 25% in 6 weeks! Ford trucks, music, nor Grandma's house increased this % in 6 weeks. As I stated previously, I understand the principal of profit. I also understand that a barrel of oil is costs less today than in did 3 months ago. There doesn't seen to be any shortage, so the issue of supply and demand is not an excuse. Can't blame the Dems, as they have nothing to do with pricing gasoline. I find it difficult to accept a drug dealer mentality with regard to the sale of oil and/or gasoline. No more no less.
John M

[asch]

There's one area that seems to get left out and that's the investors (shareholders) in company's. They are the TRUE owners of the company.
So before you pokin fingers, whose really profiting? Not that I have anything against shareholders making a lot of money on their investment.

[asch]

I just find it kind of rediculous to complain about about gas prices when there are so many other seemingly "overpriced" products.
Fuel aside, boating ain't exactly inexpensive. Does that make Rex, Dana and the various boat manufacturers like the drug dealer mentality? A lot of the products they sell are E-X-P-E-N-S-I-V-E. Some might say overpriced. But what gives them the right to say so?

[Moneypitt]

Seems to me there is regulation on oil by the government. Not how much it costs, but regulations on WHERE you can look for it. IF the regs were loosened up as to off shore drilling and Artic exploration, then we could get out from under the opec nations control over our lives. Seems the government could say, OK, company XXXX, drill off shore of So Cal, BUT, your profits/prices will be regulated on ALL oil you find, as well as regulated prices on ALL oil you market from all sources.........Just a thought....I know, I know, what if they spill some on those multi million dollar beaches? So what, the ocean has been dropping oil, (tar) on beaches since the begining of time....And the owners of those beaches could care less about the price us working stiffs have to pay for gas.............MP

[ULTRA26 # 1]

I just find it kind of rediculous to complain about about gas prices when there are so many other seemingly "overpriced" products.
Fuel aside, boating ain't exactly inexpensive. Does that make Rex, Dana and the various boat manufacturers like the drug dealer mentality? A lot of the products they sell are E-X-P-E-N-S-I-V-E. Some might say overpriced. But what gives them the right to say so?
Please give us all an example of any consumer product that has seen a price increase of over 25% (and rising with no end in sight) in a 6 week period. Gasoline price roller coaster. I have stated this at least 3 previous times as my complaint. I do not relate goods that are over priced with drug dealer mentality. Rex Marine and Dana Marine are quality companies who market quality products at a reasonable pricing structure. I find it interesting how anyone, like yourself, can defend what is occurring right now with the price of gasoline. Maybe when the price per gallon hits $5.00 per gallon, and the of oil is in the $40.00 per barrel range, you will get the point, and that point is we are getting screwed. How would you see it if all grocery stores raised prices on all food items 25% in a 6 week period, just because?
What is going on right now with the rapid and steadily increasing price of gasoline is not about a shortage of crude, the price of crude, or anything related. Oil companies are not finding it difficult keeping up with demand, so the supply must be adequate
Blaming the the Dem tree huggers for the current raping of Americans, by the oil companies, is like blaming Reps for the war in Iraq.
Just keep defending these A**holes, as that's just what this country needs.

[asch]

Ultra:
I think I'm not fully understanding what exactly you're upset about.
Is it the price at the pump? The profits? The fluctuation, or a combination of all?
I know you said the "roller coaster" effect, but then you also said we're "getting screwed". Would you be more satisfied if the prices weren't so unpredictable? What if gas went to and STAYED at say $3.00 indefinitly?
I'm reading that you're tired of riding the roller coaster but in the same breath I'm getting that your fed up with the drug dealer mentality suppling us.
I don't know. I'm sitting looking at your boat avatar, realizing your in an above average affluent city in North Orange Co., (at least last I checked anyway) and I'm trying to figure why you give a damn about excessive oil company profits or even the price.
I think the wrong aspect of the the oil business is being targeted. The profit aspect. Like MP (or was it ESprinter) pointed out, the government is really to blame for excessive restrictions on drilling and refinement.
I'm not defending the high price of fuel. No. What I'm defending are the oil companies right to make a profit. I don't know how to say it more bluntly. If the producer of a product decides to raise the profit margin at certain times of the year, so be it. If grocery stores did the same thing, I'd have the same opinion, unless unions were behind it. :mad: They often are and is the one of the reasons Walmart isn't allowed to fully exist in Ca.
That's another topic.

[Moneypitt]

Once again it is the silent masses that could, should, but won't, do anything to be heard. IF everyone refused to buy gas for one day, just one, the oil companies would panic, big time. The supply and demand schedule they have had for decades would tank, literly. They would have nowhere to keep that one extra days reserve they accumulated.........One day people, just one...MP

[ULTRA26 # 1]

Once again it is the silent masses that could, should, but won't, do anything to be heard. IF everyone refused to buy gas for one day, just one, the oil companies would panic, big time. The supply and demand schedule they have had for decades would tank, literly. They would have nowhere to keep that one extra days reserve they accumulated.........One day people, just one...MP
MP,
My Son and I were discussing exactly this today at lunch. 1 day is all it would take. How about April 15th, a day most people can remember.
How about if everyone on Hot Boat sent the message to everyone in their email address books with the request that everyone who receives the message, forward the message to everyone in their address books and so on. It wouldn't be long before the media picked it up can carried the ball even further. I think it could happen.
John M

[Moneypitt]

Alright, someone do the research as to how much fuel would be un sold for that one day. A little ammo for the emails going out. And we need to standardize, or form letter the emails so people know it is for real. (the main reason April 1st wouldn't be a good date). Lets roll with this folks.........Everyone has to plan ahead enough to skip THAT day at the pumps.....MP

[eliminatedsprinter]

Alright, someone do the research as to how much fuel would be un sold for that one day. A little ammo for the emails going out. And we need to standardize, or form letter the emails so people know it is for real. (the main reason April 1st wouldn't be a good date). Lets roll with this folks.........Everyone has to plan ahead enough to skip THAT day at the pumps.....MP
Of course this has been tried before and according to all reports, it didn't work. But guess what? When it was tried with any degree of compliance, the price did fall at the pump within days of the effort. Of course it was chalked up to coincidence, by all the "experts". I for one am not that sure....

[Moneypitt]

Of course this has been tried before and according to all reports, it didn't work. But guess what? When it was tried with any degree of compliance, the price did fall at the pump within days of the effort. Of course it was chalked up to coincidence, by all the "experts". I for one am not that sure....
Just remember who wants us to think it didn't work, then think who has the strongest lobby in the history of lobbying.....Big oil...........They'll spin it anyway they want.......MP

[asch]

as ES pointed out, it's been done. I would suggest something more impressionable like a week long boycott. Better yet, monthly boycotts until it comes down and stays down. Though an admirable effort, a one day boycott ain't gonna do diddly squat.
Doing this in the name of price gouging, I'm all for it. Doing it in the name of excessive "profits", see ya.
Remember though, you start a war like this, be prepared to make sacrifices.

[3 daytona`s]

I have not read all of the posts will admit but wish to ask and comment.I recall several months ago everyone was shook that out great LEADERS blew it and thee oil companies have been receiving tremendous tax cuts etc. Then I just can not understand why everyone debates this topic=every quarter for several years Exon-Mobil and others report record income/profits is that the end of debate? I will say it is for me. BTW my uncle has property in Montana and capped several wells back when fell to $10.00 but now to uncap the paperwork is sickening so go make up your mind. :idea: