EXXON made 10.36 BILLION in PROFIT........

[barbigrl]

over the past three months!!!! WTF???? How does this make you feel??? :mad:

[havaduner]

What were their expenses compared to profits?

[barbigrl]

I posted that an hour ago :p
So quit stealing my thunder :)
:p :) c-ya saturday Billy!!

[atomickitn]

f..ing leeeches.....thieves :crossx: ..oh but the cost of a barrel of oil has gone sky high....waaaa waaaa waaaa ...lets stick it to the american public :crossx:

[All IN]

F All The Oil Companies

[mondorally]

What were their expenses compared to profits?
$10.36B profits on $99.03B in earnings = 10.46% :rolleyes:

[ECeptor]

Makes me feel like putting my money back in my pocket and in the hands of local farmers by using this (http://www.ethanolstill.com/index.html).

[Havasu Cig]

over the past three months!!!! WTF???? How does this make you feel??? :mad:
Buy stock in the company. The oil companies went through a period when they were not doing well at all. Unless you want the government to start exploring, drilling, refining etc... there is not much you can do about it.
What were Starbucks profit's... :rolleyes:

[Havasu Cig]

$10.36B profits on $99.03B in earnings = 10.46% :rolleyes:
That is low compared to other major companies. I am in the business and don't like that my whosale cost has gone as high as it has, but I can see both sides.

[a catered life]

yea buy stock :yuk: we all own stock in the spin off companies their called "get pucked in the rear" ....the oil industry never lost money they only made small profits during the late 80's early 90's to make that much in 3-4 months is crazy

[beaverretriever]

Those are GROSS profits arent they? The NET they are making is right in line with the past 12 yrs from what I have seen. They are paying so much for a barrel now and utilizing far less refineries the actual net prof is about the same.
Correct me if Im wrong.

[Havasu Cig]

yea buy stock :yuk: we all own stock in the spin off companies their called "get pucked in the rear" ....the oil industry never lost money they only made small profits during the late 80's early 90's to make that much in 3-4 months is crazy
They are a private industry and their goal is to make money. Like I said if the government wants to get involved that can pay for exploration, drilling, refining etc... (using your tax money). I am not a cheerleader for the oil companies, but when compared to other big business their profit margins are more than reasonable.
I own a percentage in a couple of wells and sometimes you invest money and if they don't find oil you lose it. If they find oil I want a return on my money and so do the oil companies.

[rivercrazy]

I have no problem with companies generating profits. That is free enterprise and the american way.
But the problem with the oil companies is they have formed essentially a monopoly and the government has allowed this monopoly to be formed.
Now we have a system where supply is controlled to manipulate the price. The oil companies are getting richer while the general popuulation is getting poorer.
In the long run the oil companies are shooting themselves in the foot. Alternate energy sources will become economically viable and overtime will reduce demand for oil. Solar is just the start

[Hardly Satisfied]

over the past three months!!!! WTF???? How does this make you feel??? :mad:
It's Bull $HIT thanks to George Bush. I think we are stuck at 3.00 a gallon or so , it sucks :cry:

[centerhill condor]

consider yourself very lucky indeed to live in a country where you can buy as much of anything you want.
sometime when you have a moment surf the 'net and find some pics and video of the "good old days" when your parents stood in line to buy gas that was under priced because the gov't got into it. Only in the good old USA can you complain about abundance....
and next time you want to boycott a petrol company... try pickin' a foreign one! like royal dutch shell, or british petroleum or atto fina.
or work at your job for a loss! let's see how many wings you bring to the table on your nickel?
I'm glad we have plenty of gas in this country... you should be also.

[Magnuman]

AMEN!
consider yourself very lucky indeed to live in a country where you can buy as much of anything you want.
sometime when you have a moment surf the 'net and find some pics and video of the "good old days" when your parents stood in line to buy gas that was under priced because the gov't got into it. Only in the good old USA can you complain about abundance....
and next time you want to boycott a petrol company... try pickin' a foreign one! like royal dutch shell, or british petroleum or atto fina.
or work at your job for a loss! let's see how many wings you bring to the table on your nickel?
I'm glad we have plenty of gas in this country... you should be also.

[JB in so cal]

Put another way, $1300 per SECOND

[Jesster]

consider yourself very lucky indeed to live in a country where you can buy as much of anything you want.
sometime when you have a moment surf the 'net and find some pics and video of the "good old days" when your parents stood in line to buy gas that was under priced because the gov't got into it. Only in the good old USA can you complain about abundance....
and next time you want to boycott a petrol company... try pickin' a foreign one! like royal dutch shell, or british petroleum or atto fina.
or work at your job for a loss! let's see how many wings you bring to the table on your nickel?
I'm glad we have plenty of gas in this country... you should be also.
DITTO (haha)
The prices (adjusted for inflation) are still less than they were in the late 70's at that time a barrel reached a peak of $94.48 adjusted dollars. We are still paying far less than many other nations and if there is one thing that will spur the development of alternative energy sources it is high gas prices.
I would also be willing to bet the companies that develop them the fastest will be the oil companies. Does anybody really think that the oil companies don’t see their own demise in that they are selling a limited resource or that as the price of gas goes up people are more likely to buy alternative energy products. BP is investing record amounts (multi billions) in the areas of renewable sources of electric power. All of the major petroleum companies are investing record amounts into these areas because they have record amounts to invest. A 10% profit margin would be questionable (as in we need to do better) in most industries.
The state and federal government make 2x as much or more per gallon of gas than the oil companies, talk to them, don’t blame the free market.
And last time I checked Bush doesn’t dictate market prices supply and demand does. The mid east situation may contribute some but it mainly comes down to oil companies output being so close to capacity that any glitch in the supply side causes overcompensation on the speculators side.
Build more refineries, bring back new construction of nuclear power plants, blame the piece of crap in Venezuela, but beating our free economy over the head because oil companies are taking a 10% profit is ludicrous.

[rrrr]

It's Bull $HIT thanks to George Bush. I think we are stuck at 3.00 a gallon or so , it sucks :cry:
Uh huh. Sure.
Do much thinking?

[Rexone]

over the past three months!!!! WTF???? How does this make you feel??? :mad:
Like I should have got into the oil business instead of the boat parts business.

[Freak]

A United States Senator has introduced an amendment to re-name the Republican energy bill after an infamous Ex-Exxon-Mobil executive.
Frank Lautenberg (D-NJ) filed the amendment today. It would re-name the bill itself, "The Lee R. Raymond Oil Profitability Act.”
Earlier this year, Raymond received the largest exit package in U.S. history--worth nearly $400 million--to step down as CEO of the oil giant.
LOL....

[pixilatedpussy]

over the past three months!!!! WTF???? How does this make you feel??? :mad:
Gee what a surprise??? :mad:

[KineticoH20]

A United States Senator has introduced an amendment to re-name the Republican energy bill after an infamous Ex-Exxon-Mobil executive.
Frank Lautenberg (D-NJ) filed the amendment today. It would re-name the bill itself, "The Lee R. Raymond Oil Profitability Act.”
Earlier this year, Raymond received the largest exit package in U.S. history--worth nearly $400 million--to step down as CEO of the oil giant.
LOL....
These golden parachutes these guys get make me sick, ok your leaving your job, good goodbuy......but to take 10s of millions with you sickening, but it's the boards that approve these payments and it's not just the oil companies. Check who the leading exec's are in Orange County, there are alot of HMO exec's and you wonder why I have to pay $900 per month for my family to be covered. It's a HUGE slap in the face for us who skimp and save to try to have the better things in life, and it stings to see a guy get fired and get 100 mil to go.

[centerhill condor]

learn to play pro ball! there's your big tax subsidized do nothing salary!

[NorCal Gameshow]

I went golfing yesterday and I was 20 over par.
I blame bush :rolleyes: :D
The futrure isn't bright for u.s. oil . the oil co.'s need to put those profits into exploration of new oil wells . as well as squeezing oil from existing wells.

[rivercrazy]

Supply of crude is not the problem. Its currently more than sufficient. The problem is the oil company's control the available supply of gasoline. They are controlling the price via controlling supply. MONOPOLY POWER pure and simple.
Demand is relatively fixed. They oil company's are taking advantage of inelastic demand.

[Jeanyus]

Wow a corperation in the US turned a profit, and provided hundreds of thousands of Americans with good paying jobs. What a shame, in Europe gas is about $6.oo a gallon.
I have more belongings, and more extra spending money than my parents, my grandparents were poor, I'm thankfull. How is it that we are getting poorer?
If you don't like the price of gas, stop using so much of it.
And stop whineing :cry: :cry:
I'm more mad about spending $650.00 a month for medical insurance, $400.00 a month for auto insurance, $100.00 for homeowners insurance, $300.00 for liability insurance, talk about large corperations sticking it to the public, insurance is leagalized extorsion. :crossx:

[NorCal Gameshow]

Supply of crude is not the problem. Its currently more than sufficient. The problem is the oil company's control the available supply of gasoline. They are controlling the price via controlling supply. MONOPOLY POWER pure and simple.
Demand is relatively fixed. They oil company's are taking advantage of inelastic demand.
the demand is fixed? give us some numbers over the last ten years.

[SmokinLowriderSS]

consider yourself very lucky indeed to live in a country where you can buy as much of anything you want.
sometime when you have a moment surf the 'net and find some pics and video of the "good old days" when your parents stood in line to buy gas that was under priced because the gov't got into it. Only in the good old USA can you complain about abundance....
and next time you want to boycott a petrol company... try pickin' a foreign one! like royal dutch shell, or british petroleum or atto fina.
or work at your job for a loss! let's see how many wings you bring to the table on your nickel?
I'm glad we have plenty of gas in this country... you should be also.
I'm glad they are making 350 million gallons of gasoline every day. Aye-Aye!
That's 4050 gallons A SECCOND.

[imbndvs]

I'm a business owner and I'm all for companies making a profit, but 10.36 billion in 3 months!? come on, when is enough enough?!!! They need to stop taking advantage of americans.

[rrrr]

I'm a business owner and I'm all for companies making a profit, but 10.36 billion in 3 months!? come on, when is enough enough?!!! They need to stop taking advantage of americans.
Check the GROSS, idjit. If you make more than 10% at your sno cone stand you're taking advantage of Americans.

[AzMandella]

It's Bull $HIT thanks to George Bush. I think we are stuck at 3.00 a gallon or so , it sucks :cry:
Spoken like a true "Idiot".I'm sure you blame Bush for all your problems in life.

[centerhill condor]

business owners... Exxon Mobil has great benefits... what about your workers? do you pay their health insurance? AD&D? match any 401k? how much would that cost you? or your profits? would you rather pay the tax man than the insurance man? How much is enough? as much as you can get!
BTW the Congress has made 1 legal monopoly... major league baseball!

[copterzach]

I'll pay the 3.OO per galllon as long as the big assss royalty check comes to the house every month. In TX we call mailbox money.

[Hardly Satisfied]

Uh huh. Sure.
Do much thinking?
For now we are

[rrrr]

I get so sick of them saying "adjusted for inflation", get over the 70's!!!!!!! It was 34 years ago !!!!!!! There is no comparison, and one thing they don't use in the comparison is the cost of energy, it's never factored in, if it was it would be otta site numbers...................... :mad: :mad:
:rolleyes:
"Adjusted for inflation" means that the price is stated in today's dollars. A dollar bought a certain amount of goods in 1973. That same amount of goods today costs quite a bit more. Not too difficult a concept.....for most people. That's why gas was $.28/gallon in 1973, Einstein.
This index shows the increase in the Consumer Price Index 1965-2005. The Index reference point is 1983 i.e. that is 100.
Title: Consumer Price Index For All Urban Consumers: All Items
Series ID: CPIAUCSL
Source: U.S. Department of Labor: Bureau of Labor Statistics
Release: Consumer Price Index
Seasonal Adjustment: Seasonally Adjusted
Frequency: Monthly
Units: Index 1982-84=100
Date Range: 1965-01-011 to 2006-06-01
Last Updated: 2006-07-19 11:05 AM CT
Notes: Handbook of Methods -
(http://stats.bls.gov:80/opub/hom/homch17_itc.htm) Understanding the
CPI: Frequently Asked Questions -
(http://stats.bls.gov:80/cpi/cpifaq.htm)
DATE VALUE
1965-01-01 31.3
1965-02-01 31.3
1965-03-01 31.3
1965-04-01 31.4
1965-05-01 31.5
1965-06-01 31.6
1965-07-01 31.6
1965-08-01 31.6
1965-09-01 31.6
1965-10-01 31.7
1965-11-01 31.8
1965-12-01 31.9
1966-01-01 31.9
1966-02-01 32.1
1966-03-01 32.2
1966-04-01 32.3
1966-05-01 32.4
1966-06-01 32.4
1966-07-01 32.5
1966-08-01 32.7
1966-09-01 32.8
1966-10-01 32.9
1966-11-01 32.9
1966-12-01 32.9
1967-01-01 32.9
1967-02-01 33.0
1967-03-01 33.0
1967-04-01 33.1
1967-05-01 33.1
1967-06-01 33.3
1967-07-01 33.4
1967-08-01 33.5
1967-09-01 33.6
1967-10-01 33.7
1967-11-01 33.9
1967-12-01 34.0
1968-01-01 34.1
1968-02-01 34.2
1968-03-01 34.3
1968-04-01 34.4
1968-05-01 34.5
1968-06-01 34.7
1968-07-01 34.9
1968-08-01 35.0
1968-09-01 35.1
1968-10-01 35.3
1968-11-01 35.4
1968-12-01 35.6
1969-01-01 35.7
1969-02-01 35.8
1969-03-01 36.1
1969-04-01 36.3
1969-05-01 36.4
1969-06-01 36.6
1969-07-01 36.8
1969-08-01 36.9
1969-09-01 37.1
1969-10-01 37.3
1969-11-01 37.5
1969-12-01 37.7
1970-01-01 37.9
1970-02-01 38.1
1970-03-01 38.3
1970-04-01 38.5
1970-05-01 38.6
1970-06-01 38.8
1970-07-01 38.9
1970-08-01 39.0
1970-09-01 39.2
1970-10-01 39.4
1970-11-01 39.6
1970-12-01 39.8
1971-01-01 39.9
1971-02-01 39.9
1971-03-01 40.0
1971-04-01 40.1
1971-05-01 40.3
1971-06-01 40.5
1971-07-01 40.6
1971-08-01 40.7
1971-09-01 40.8
1971-10-01 40.9
1971-11-01 41.0
1971-12-01 41.1
1972-01-01 41.2
1972-02-01 41.4
1972-03-01 41.4
1972-04-01 41.5
1972-05-01 41.6
1972-06-01 41.7
1972-07-01 41.8
1972-08-01 41.9
1972-09-01 42.1
1972-10-01 42.2
1972-11-01 42.4
1972-12-01 42.5
1973-01-01 42.7
1973-02-01 43.0
1973-03-01 43.4
1973-04-01 43.7
1973-05-01 43.9
1973-06-01 44.2
1973-07-01 44.2
1973-08-01 45.0
1973-09-01 45.2
1973-10-01 45.6
1973-11-01 45.9
1973-12-01 46.3
1974-01-01 46.8
1974-02-01 47.3
1974-03-01 47.8
1974-04-01 48.1
1974-05-01 48.6
1974-06-01 49.0
1974-07-01 49.3
1974-08-01 49.9
1974-09-01 50.6
1974-10-01 51.0
1974-11-01 51.5
1974-12-01 51.9
1975-01-01 52.3
1975-02-01 52.6
1975-03-01 52.8
1975-04-01 53.0
1975-05-01 53.1
1975-06-01 53.5
1975-07-01 54.0
1975-08-01 54.2
1975-09-01 54.6
1975-10-01 54.9
1975-11-01 55.3
1975-12-01 55.6
1976-01-01 55.8
1976-02-01 55.9
1976-03-01 56.0
1976-04-01 56.1
1976-05-01 56.4
1976-06-01 56.7
1976-07-01 57.0
1976-08-01 57.3
1976-09-01 57.6
1976-10-01 57.9
1976-11-01 58.1
1976-12-01 58.4
1977-01-01 58.7
1977-02-01 59.3
1977-03-01 59.6
1977-04-01 60.0
1977-05-01 60.2
1977-06-01 60.5
1977-07-01 60.8
1977-08-01 61.1
1977-09-01 61.3
1977-10-01 61.6
1977-11-01 62.0
1977-12-01 62.3
1978-01-01 62.7
1978-02-01 63.0
1978-03-01 63.4
1978-04-01 63.9
1978-05-01 64.5
1978-06-01 65.0
1978-07-01 65.5
1978-08-01 65.9
1978-09-01 66.5
1978-10-01 67.1
1978-11-01 67.5
1978-12-01 67.9
1979-01-01 68.5
1979-02-01 69.2
1979-03-01 69.9
1979-04-01 70.6
1979-05-01 71.4
1979-06-01 72.2
1979-07-01 73.0
1979-08-01 73.7
1979-09-01 74.4
1979-10-01 75.2
1979-11-01 76.0
1979-12-01 76.9
1980-01-01 78.0
1980-02-01 79.0
1980-03-01 80.1
1980-04-01 80.9
1980-05-01 81.7
1980-06-01 82.5
1980-07-01 82.6
1980-08-01 83.2
1980-09-01 83.9
1980-10-01 84.7
1980-11-01 85.6
1980-12-01 86.4
1981-01-01 87.2
1981-02-01 88.0
1981-03-01 88.6
1981-04-01 89.1
1981-05-01 89.7
1981-06-01 90.5
1981-07-01 91.5
1981-08-01 92.2
1981-09-01 93.1
1981-10-01 93.4
1981-11-01 93.8
1981-12-01 94.1
1982-01-01 94.4
1982-02-01 94.7
1982-03-01 94.7
1982-04-01 95.0
1982-05-01 95.9
1982-06-01 97.0
1982-07-01 97.5
1982-08-01 97.7
1982-09-01 97.7
1982-10-01 98.1
1982-11-01 98.0
1982-12-01 97.7
1983-01-01 97.9
1983-02-01 98.0
1983-03-01 98.1
1983-04-01 98.8
1983-05-01 99.2
1983-06-01 99.4
1983-07-01 99.8
1983-08-01 100.1
1983-09-01 100.4
1983-10-01 100.8
1983-11-01 101.1
1983-12-01 101.4
1984-01-01 102.1
1984-02-01 102.6
1984-03-01 102.9
1984-04-01 103.3
1984-05-01 103.5
1984-06-01 103.7
1984-07-01 104.1
1984-08-01 104.4
1984-09-01 104.7
1984-10-01 105.1
1984-11-01 105.3
1984-12-01 105.5
1985-01-01 105.7
1985-02-01 106.3
1985-03-01 106.8
1985-04-01 107.0
1985-05-01 107.2
1985-06-01 107.5
1985-07-01 107.7
1985-08-01 107.9
1985-09-01 108.1
1985-10-01 108.5
1985-11-01 109.0
1985-12-01 109.5
1986-01-01 109.9
1986-02-01 109.7
1986-03-01 109.1
1986-04-01 108.7
1986-05-01 109.0
1986-06-01 109.4
1986-07-01 109.5
1986-08-01 109.6
1986-09-01 110.0
1986-10-01 110.2
1986-11-01 110.4
1986-12-01 110.8
1987-01-01 111.4
1987-02-01 111.8
1987-03-01 112.2
1987-04-01 112.7
1987-05-01 113.0
1987-06-01 113.5
1987-07-01 113.8
1987-08-01 114.3
1987-09-01 114.7
1987-10-01 115.0
1987-11-01 115.4
1987-12-01 115.6
1988-01-01 116.0
1988-02-01 116.2
1988-03-01 116.5
1988-04-01 117.2
1988-05-01 117.5
1988-06-01 118.0
1988-07-01 118.5
1988-08-01 119.0
1988-09-01 119.5
1988-10-01 119.9
1988-11-01 120.3
1988-12-01 120.7
1989-01-01 121.2
1989-02-01 121.6
1989-03-01 122.2
1989-04-01 123.1
1989-05-01 123.7
1989-06-01 124.1
1989-07-01 124.5
1989-08-01 124.5
1989-09-01 124.8
1989-10-01 125.4
1989-11-01 125.9
1989-12-01 126.3
1990-01-01 127.5
1990-02-01 128.0
1990-03-01 128.6
1990-04-01 128.9
1990-05-01 129.1
1990-06-01 129.9
1990-07-01 130.5
1990-08-01 131.6
1990-09-01 132.5
1990-10-01 133.4
1990-11-01 133.7
1990-12-01 134.2
1991-01-01 134.7
1991-02-01 134.8
1991-03-01 134.8
1991-04-01 135.1
1991-05-01 135.6
1991-06-01 136.0
1991-07-01 136.2
1991-08-01 136.6
1991-09-01 137.0
1991-10-01 137.2
1991-11-01 137.8
1991-12-01 138.2
1992-01-01 138.3
1992-02-01 138.6
1992-03-01 139.1
1992-04-01 139.4
1992-05-01 139.7
1992-06-01 140.1
1992-07-01 140.5
1992-08-01 140.8
1992-09-01 141.1
1992-10-01 141.7
1992-11-01 142.1
1992-12-01 142.3
1993-01-01 142.8
1993-02-01 143.1
1993-03-01 143.3
1993-04-01 143.8
1993-05-01 144.2
1993-06-01 144.3
1993-07-01 144.5
1993-08-01 144.8
1993-09-01 145.0
1993-10-01 145.6
1993-11-01 146.0
1993-12-01 146.3
1994-01-01 146.3
1994-02-01 146.7
1994-03-01 147.1
1994-04-01 147.2
1994-05-01 147.5
1994-06-01 147.9
1994-07-01 148.4
1994-08-01 149.0
1994-09-01 149.3
1994-10-01 149.4
1994-11-01 149.8
1994-12-01 150.1
1995-01-01 150.5
1995-02-01 150.9
1995-03-01 151.2
1995-04-01 151.8
1995-05-01 152.1
1995-06-01 152.4
1995-07-01 152.6
1995-08-01 152.9
1995-09-01 153.1
1995-10-01 153.5
1995-11-01 153.7
1995-12-01 153.9
1996-01-01 154.7
1996-02-01 155.0
1996-03-01 155.5
1996-04-01 156.1
1996-05-01 156.4
1996-06-01 156.7
1996-07-01 157.0
1996-08-01 157.2
1996-09-01 157.7
1996-10-01 158.2
1996-11-01 158.7
1996-12-01 159.1
1997-01-01 159.4
1997-02-01 159.7
1997-03-01 159.8
1997-04-01 159.9
1997-05-01 159.9
1997-06-01 160.2
1997-07-01 160.4
1997-08-01 160.8
1997-09-01 161.2
1997-10-01 161.5
1997-11-01 161.7
1997-12-01 161.8
1998-01-01 162.0
1998-02-01 162.0
1998-03-01 162.0
1998-04-01 162.2
1998-05-01 162.6
1998-06-01 162.8
1998-07-01 163.2
1998-08-01 163.4
1998-09-01 163.5
1998-10-01 163.9
1998-11-01 164.1
1998-12-01 164.4
1999-01-01 164.7
1999-02-01 164.7
1999-03-01 164.8
1999-04-01 165.9
1999-05-01 166.0
1999-06-01 166.0
1999-07-01 166.7
1999-08-01 167.1
1999-09-01 167.8
1999-10-01 168.1
1999-11-01 168.4
1999-12-01 168.8
2000-01-01 169.3
2000-02-01 170.0
2000-03-01 171.0
2000-04-01 170.9
2000-05-01 171.2
2000-06-01 172.2
2000-07-01 172.7
2000-08-01 172.7
2000-09-01 173.6
2000-10-01 173.9
2000-11-01 174.2
2000-12-01 174.6
2001-01-01 175.6
2001-02-01 176.0
2001-03-01 176.1
2001-04-01 176.4
2001-05-01 177.3
2001-06-01 177.7
2001-07-01 177.4
2001-08-01 177.4
2001-09-01 178.1
2001-10-01 177.6
2001-11-01 177.5
2001-12-01 177.4
2002-01-01 177.7
2002-02-01 178.0
2002-03-01 178.6
2002-04-01 179.3
2002-05-01 179.4
2002-06-01 179.6
2002-07-01 180.0
2002-08-01 180.5
2002-09-01 180.8
2002-10-01 181.2
2002-11-01 181.5
2002-12-01 181.7
2003-01-01 182.3
2003-02-01 183.3
2003-03-01 184.1
2003-04-01 183.3
2003-05-01 183.2
2003-06-01 183.4
2003-07-01 183.8
2003-08-01 184.5
2003-09-01 185.0
2003-10-01 184.9
2003-11-01 184.7
2003-12-01 185.1
2004-01-01 185.9
2004-02-01 186.5
2004-03-01 187.3
2004-04-01 187.5
2004-05-01 188.6
2004-06-01 189.2
2004-07-01 189.2
2004-08-01 189.4
2004-09-01 189.7
2004-10-01 190.8
2004-11-01 191.2
2004-12-01 191.2
2005-01-01 191.4
2005-02-01 192.1
2005-03-01 193.2
2005-04-01 194.1
2005-05-01 194.0
2005-06-01 193.9
2005-07-01 195.1
2005-08-01 196.2
2005-09-01 198.6
2005-10-01 199.1
2005-11-01 197.8
2005-12-01 197.7
2006-01-01 199.0
2006-02-01 199.1
2006-03-01 199.8
2006-04-01 201.0
2006-05-01 201.9
2006-06-01 202.3

[Freak]

I observe that the standard of living has not improved since the 1960's. Back then, a single person in a household working could support home ownership, a car, and a color TV. Today, the same standard of living takes two people working in a household. And much longer hours, at that.
Purchasing power of the US dollar has continued to fall. In 1960, a US dollar had about 33-cents of purchasing power, compared to the whole dollar's power at the time the Federal Reserve was set up in 1913. Today, the US dollar has 4.9 cents worth of purchasing power compared with 1913's dollar.
The myth which is sold is that "prices go up" - the hidden fact is that prices go down. I takes more dollars to purchase the same product because of the falling purchasing power of the dollar.
It's all part and parcel of "packaging" economics for the masses. Another example: The Federal Reserve (which by the way is not Federal - it's a collection of bankers), reports "consumer credit." But what they really report is consumer debt. Bankers extend you "credit" - but is masks your side of the deal which is taking on debt.
Avoid consumer hypnosis...the B.S. coming out of the T.V. is really deep now. FOX news is the worst. I swear they are a propaganda front for the current administration. I've seen them cut interviews short when they are not winning the argument. It's bizzare.

[Big Warlock]

consider yourself very lucky indeed to live in a country where you can buy as much of anything you want.
sometime when you have a moment surf the 'net and find some pics and video of the "good old days" when your parents stood in line to buy gas that was under priced because the gov't got into it. Only in the good old USA can you complain about abundance....
and next time you want to boycott a petrol company... try pickin' a foreign one! like royal dutch shell, or british petroleum or atto fina.
or work at your job for a loss! let's see how many wings you bring to the table on your nickel?
I'm glad we have plenty of gas in this country... you should be also.
Thank you for saving me the time! Well said!

[Big Warlock]

I'm a business owner and I'm all for companies making a profit, but 10.36 billion in 3 months!? come on, when is enough enough?!!! They need to stop taking advantage of americans.
Sure hope you make more than 1-% on your money! It's not the number, it's the EBIT!!!! Get Real!!! You won't be in business for long if you don't understand that!
Oh, anyone got what Microsoft makes as a percentage??? :crossx:

[rrrr]

I observe that the standard of living has not improved since the 1960's. Back then, a single person in a household working could support home ownership, a car, and a color TV. Today, the same standard of living takes two people working in a household. And much longer hours, at that. .
You're nuts if you think you live like people did in the 60's. Were you even alive then? I don't remember our house having central A/C, a microwave, a PC, Internet connection, color TV, or satellite TV. I do remember my mom hanging the wash on a clothesline and ironing a lot of clothes.
The size of the average new three bedroom house was around 1500 SF. Now it's close to 2500 SF.
Two incomes mean two cars, dry cleaning, insurance, meals, day care, etc., etc. My wife doesn't work because the $50K or so isn't worth the extra expense plus the hassle of running the household between 6PM and bedtime.
People could always live within their means......
Purchasing power of the US dollar has continued to fall. In 1960, a US dollar had about 33-cents of purchasing power, compared to the whole dollar's power at the time the Federal Reserve was set up in 1913. Today, the US dollar has 4.9 cents worth of purchasing power compared with 1913's dollar.
The myth which is sold is that "prices go up" - the hidden fact is that prices go down. I takes more dollars to purchase the same product because of the falling purchasing power of the dollar.
:rolleyes: Hidden? Any idiot can comprehend that if prices go up over time for the same object, it takes more money to buy it. That's the whole point of the consumer price index. In the chart I posted, $1 worth of goods in 1984 cost $2.02 today.

[Big Warlock]

These are my favorite threads! Whenever I don't understand how Kerry got half the votes in the country, I only need to review one of these threads! Hahahahaha :crossx:

[CARLSON-JET]

You're nuts if you think you live like people did in the 60's. Were you even alive then? I don't remember our house having central A/C, a microwave, a PC, Internet connection, color TV, or satellite TV. I do remember my mom hanging the wash on a clothesline and ironing a lot of clothes.
The size of the average new three bedroom house was around 1500 SF. Now it's close to 2500 SF.
Two incomes mean two cars, dry cleaning, insurance, meals, day care, etc., etc. My wife doesn't work because the $50K or so isn't worth the extra expense plus the hassle of running the household between 6PM and bedtime.
People could always live within their means......
:rolleyes: Hidden? Any idiot can comprehend that if prices go up over time for the same object, it takes more money to buy it. That's the whole point of the consumer price index. In the chart I posted, $1 worth of goods in 1984 cost $2.02 today.
These are not the only factors involved in purchasing power of consumers.
Fact Min. wage has NOT been increased in almost 10 years. Min wage increase denied (http://www.washingtonpost.com/wp-dyn/content/article/2006/06/21/AR2006062101069.html) Inflation has steadily climed up. Compare the consumer index to min. wage and see how this weighs on the poorer folks. Wages have NOT kept pace with infation. History of Min wage since 1938 (http://www.dol.gov/esa/minwage/chart.htm) If you follow the consumer index min. wage is a huge percentage behind and so are typical earnings.
If gas has gone up 300% since the early eighties min wage should be over $9.00 per hour. This is not rocket science.
Anybody who wants to dispute that we are getting the shaft is in dreamland. consumer indexing is about the same retarded calculation as unemployment numbers, another big lie. :argue:
As bad as all this seems, I still feel very privalleged to live in a society that has more then the rest of the world. For that I am greatfull no matter how bad of a spin can be placed on the current economic situation in america or gas prices. I could be picking the rat turds out of the free rice the USA sent me. :rollside: R.B.

[Freak]

You're nuts if you think you live like people did in the 60's. Were you even alive then? I don't remember our house having central A/C, a microwave, a PC, Internet connection, color TV, or satellite TV. I do remember my mom hanging the wash on a clothesline and ironing a lot of clothes.
The size of the average new three bedroom house was around 1500 SF. Now it's close to 2500 SF.
Two incomes mean two cars, dry cleaning, insurance, meals, day care, etc., etc. My wife doesn't work because the $50K or so isn't worth the extra expense plus the hassle of running the household between 6PM and bedtime.
People could always live within their means......
:rolleyes: Hidden? Any idiot can comprehend that if prices go up over time for the same object, it takes more money to buy it. That's the whole point of the consumer price index. In the chart I posted, $1 worth of goods in 1984 cost $2.02 today.
I don't factor in things that are not necessary. Like the stuff above. You don't need that stuff to live or the extra square footage. You might think you do but you don't.
Hidden...meaning it's not explained to joe sixpack how things really work. That's what I was trying to say. Call them idiots if you like. I like misinformed or uninterested. You seem uptight...LOL..you and I should have a beer...it's friday. You and I the nutzo.... :)
Ps...you really believe those #'s put out?

[SmokinLowriderSS]

I'm a business owner and I'm all for companies making a profit, but 10.36 billion in 3 months!? come on, when is enough enough?!!! They need to stop taking advantage of americans.
I guess since I've been in every other one of these threads, I'l join in here. :yuk:
So, just how much profit is FAIR in your eyes since they make profit at HALF the rate of banks, less than real-estate companies, software companies, and MANY others.
9% Profit margin, ............ What's your businesses profit margin?

[Freak]

Anybody who wants to dispute that we are getting the shaft is in dreamland. consumer indexing is about the same retarded calculation as unemployment numbers, another big lie. :argue:
As bad as all this seems, I still feel very privalleged to live in a society that has more then the rest of the world. For that I am greatfull no matter how bad of a spin can be placed on the current economic situation in america or gas prices. I could be picking the rat turds out of the free rice the USA sent me. :rollside: R.B.
Amen to that!

[rrrr]

If you're working for the minimum wage you have an entirely different set of problems IMO.
Burger flippers and 7-11 clerks make $10/hr.

[rrrr]

The last thing any of the biggies want to do is SPEND THIER MONEY on new refineries!!!!!!!!!!!!!!!!
Not true.....the econazis (Democrats) won't let them build the refineries, and if they did the cost of regulatory approval and other BS raises the cost from $5B to $7B.
If the econazis would pull their heads out, drilling in Alaska and near offshore in Florida and California would GIVE THE TERRORISTS LESS MONEY FOR BUYING WEAPONS TO KILL OUR SOLDIERS.

[SmokinLowriderSS]

rrrr, I know what your saying ,but the production of gasoline hasn't changed in 50 years, yes they have the so called "winter"blends, summer blends, yada, yada, but basic gasoline production is the same, yes they produce more, but the greedy bastards are NOT taking thier money to build new refineries to keep up with demand !!!!!!!!! The other thing is if Cali has the toughest EPA laws then why don't all 50 states adhere to it, in other words one unified blend of 87 or 91, then you wouldn't have the "switch" over that they claim costs money............it's the greatest scam in America and they know it.
Funny thing in the gas crunch of the 70's, my dad had a good friend in this business, he told him on numerous occasions that fuel was being shipped to mexico and stored in holding tanks, there never was a shortage !!!!!!!!!!!!!!!
The last thing any of the biggies want to do is SPEND THIER MONEY on new refineries!!!!!!!!!!!!!!!!
Gasoline production is the same as in 1956?????? In '56 (that's 50 years ago), there was no the state by state blends, 1 or 2 grades ( I wasn't alive back then). Pennsylvania alone has 5 for sale on it's pumps!! I will bet not a single one is the same as how many do you have in Az?? Iz AZ gasoline the same as Cali's next door????? Or Nevada's??? New Mexico's???
Just within 40 miles on my house, since 1980, 3 refineries have CLOSED, I watched it happen. 1 from Mobil, 2 from Derby Coastal.
Have you seen the EPA regs on building a refinery?????
Have you seen the envirnmentalists who have a set of coniption fits any time anyone wants to drill a hole in the ground or build a refinery???????
Need I remind you who stopped the US Army Corps of Engineers from improving the levy system arround NOLA back in the 80's?????
Want to tell me why the oil companies should have spent what little they had, back in the 80's and 90's, when they were just barely hanging on, and didn't need more refinery capacity?????
Back then, you'd have cried they are wasting money building unneeded capacity, and it was costing you at the pump. "Quit building and lower my gas price to .60 instead of .79."
Damned if they do, damned if they don't.
Buy stock in Exon/Mobil and Connoco, and get happy.

[SmokinLowriderSS]

Oh, and their is an idiot in congress who wants to put a 100% tax on all "excess oil company profits". Another "Windfall profits tax".
So, just how much is "fair????? They are already just making even with corporate average, more than some, less than some.
THEY SELL OVER 4,000 GALLONS A SECCOND IN THE US for crying out loud. With that unit volume, even if the profit per unit is tiny, the dollar figure is gonna be huge.
Can they please maybe make 1 penny per gallon of gasoline, is that little enough?????
If that were the case, they still make 1-BILLION, 277-MILLION, 500 THOUSAND dollars a year (average). 1,277,500,000
Are ya still pissed off an oil company made 1.2 BILLION DOLLARS A YEAR PROFIT??????

[Freak]

I like where this is going.
I bet you've never considered that we don't actually pay tax on capital gains. We really pay taxes on a loss of purchasing power, or in other words, a double tax.
In example of gold's taxable capitol gains over time, in reality, the gold always holds its intrinsic value, and that remains overall the same (except for small variations due to speculators). That means, we are really paying tax on the LOSS of the value of FRNs, not real gains in value of gold.
So, we first lose purchasing power of our money through inflation, then we're taxed on that loss as capitol gains. And this doesn't even take into consideration the tax we pay when we MAKE the money through labor to buy the item (in my example, gold) in the first place. :mad:
I've always tried to explain to others that prices don't go up, the purchasing power of the dollar is going down. But, for a long time I'd never considered that we're actually taxed on that loss, too. Turn your head and puke now... (which is why I call them "banksters")
The mantra, grasshopper, is "Prices don't go up, they just print more money..." :)

[welk2party]

I like where this is going.
I bet you've never considered that we don't actually pay tax on capital gains. We really pay taxes on a loss of purchasing power, or in other words, a double tax.
In example of gold's taxable capitol gains over time, in reality, the gold always holds its intrinsic value, and that remains overall the same (except for small variations due to speculators). That means, we are really paying tax on the LOSS of the value of FRNs, not real gains in value of gold.
So, we first lose purchasing power of our money through inflation, then we're taxed on that loss as capitol gains. And this doesn't even take into consideration the tax we pay when we MAKE the money through labor to buy the item (in my example, gold) in the first place. :mad:
I've always tried to explain to others that prices don't go up, the purchasing power of the dollar is going down. But, for a long time I'd never considered that we're actually taxed on that loss, too. Turn your head and puke now... (which is why I call them "banksters")
The mantra, grasshopper, is "Prices don't go up, they just print more money..." :)
I am glad someone has a good understanding of modern economics.

[HM]

They are not laying off people in massive layoffs, actually, they keep hiring. Those bastards!!!
Their pension programs are not failing. Again, what a bunch of bastards!
They are not asking for government handouts! How dare those bastard actually survive on their own!
The Fed tax revenue from the oil industry is also hitting record highs. The feds won't put up with that for very long...sneaky bastards!
They manage to make record profits without raising the profit margin....this is where the government is totally confused...how is it possible to do that? Bastards!
Share holders are happy! Rich sneaky bastards!
:rollside: :rollside: :rollside: :rollside:

[AzMandella]

If my company only made a 10% profit in a years time I'd be having a long talk to my sales people.After reading the three pages here you can deffinately tell why some people have money and others bitch about others having money.That's because the one's with money know how the system works while the ones without have no clue.Just remember that this is a "Free Enterprise"country .If you don't like it go find some socialistic country to live in.

[Kachina26]

What were Starbucks profit's... :rolleyes:7.6% Who'da thunk it was so low???
Water and beans, seems there would be a little more to be made on that.

[Kachina26]

Oh, anyone got what Microsoft makes as a percentage??? :crossx:26% Imagine if people weren't bootlegging software
:220v: