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#338368 - 04/27/07 11:46 AM Oil prices and profits
MattJ Offline
Free Rhinoplasty!
Prolific

Registered: 11/25/04
Posts: 15634
Loc: York PA. USA
I'm sensing a pattern here -

http://www.msnbc.msn.com/id/11098458/

Quote:

DALLAS - Exxon Mobil Corp. posted record profits for any U.S. company on Monday — $10.71 billion for the fourth quarter and $36.13 billion for the year — as the world’s biggest publicly traded oil company benefited from high oil and natural-gas prices and solid demand for refined products.


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"In case you ever wondered what it's like to be knocked out, it's like waking up from a nightmare only to discover it wasn't a dream." -Forrest Griffin

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#338369 - 04/27/07 01:08 PM Re: Oil prices and profits [Re: MattJ]
clmibb Offline
Veteran

Registered: 08/31/06
Posts: 1035
Loc: South Texas, US
Just a little FYI. I talked to my husband today and he was telling me that gas is supposed to get close to $4/gallon this summer. He works off shore for a major oil company and it's the rumor circulating out there. Just wanted to give everyone a heads up.

Casey
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"It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first."- Ronald Reagan


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#338370 - 04/27/07 03:21 PM Re: Oil prices and profits [Re: MattJ]
schanne Offline
breaks things

Registered: 02/18/04
Posts: 4370
Loc: Woodbury NJ

$2.66 per gallon and climbing in South Jersey. It's pure American corporate greed. It's summer and they know the driving picks up in the spring time....bend over folks that time of year!!! Our wonderful president could give a flying F either....has to search out all those weapons of mass destruction....Oh did he find them yet?
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The way of the warrior does not include other ways... Miyamoto Musashi Schanne

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#338371 - 04/27/07 05:09 PM Re: Oil prices and profits [Re: MattJ]
Dereck Offline
Prolific

Registered: 10/04/04
Posts: 10413
Loc: Great White North
I live in Alberta ... we have tons of oil. We process the oil here and the government makes a killing on it. We are paying $1.01/Litre for bronze which I believe is $3.82/US Gallon. This is highway robbery. Then hoping to make Albertans feel good about being over charged for their gas they had profit sharing cheques sent in 2006 to every Alberta citizen for the sum of $400 CAD. I don't get it?
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"IF I COME ... I'M BRINGING THE PAIN WITH ME"

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#338372 - 04/27/07 05:40 PM Re: Oil prices and profits [Re: MattJ]
jonnyboxcutter Offline
Member

Registered: 08/11/06
Posts: 320
Funny how these articles never say how much profit the government makes from Exxon Mobil – keeping in mind that the Gov has ZERO over head no R&D cost no infrastructure cost nothing all they do is take.

But this approach typically leads to comments similar to making them “ pay their fair share”. But nobody seems to have an answer for the “fair share of what?” question.

I guess I just want to know when “profit” became a bad word, and taxes became a way to “get even”.

Just my .02
-JBC-
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#338373 - 04/27/07 05:42 PM Re: Oil prices and profits [Re: schanne]
jonnyboxcutter Offline
Member

Registered: 08/11/06
Posts: 320
Quote:

Oh did he find them yet?



Actually; yes some where found – but for some reason they are not the “right kind” so they got blown off.

-JBC-
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#338374 - 04/28/07 02:22 AM Re: Oil prices and profits [Re: schanne]
Cord Offline
Prolific

Registered: 01/13/05
Posts: 11399
Loc: Cambridge UK.
Quote:


$2.66 per gallon and climbing in South Jersey.




Here in the UK we are paying, and have been for years, $6+ per US gallon, so you will forgive me if I dont cry too much over your tragic increases

Of course,if you car industry supported a responsible environmental policy, and produced sensible economic cars, not lumbering big block V8's, then you wouldnt feel the increase as much would you?
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Don't let the door hit ya' where the good lord split ya'
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#338375 - 04/28/07 02:33 AM Re: Oil prices and profits [Re: Dereck]
ExCon Offline
There is no plan C

Registered: 03/02/07
Posts: 203
Quote:

I live in Alberta ... we have tons of oil. We process the oil here and the government makes a killing on it. We are paying $1.01/Litre for bronze which I believe is $3.82/US Gallon. This is highway robbery. Then hoping to make Albertans feel good about being over charged for their gas they had profit sharing cheques sent in 2006 to every Alberta citizen for the sum of $400 CAD. I don't get it?


I live in Alberta too and I work in the oil patch. I plan on starting a new type of business, one which nobody is doing right now. I want to have the first company in the world to do this and I want to be rich too!

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#338376 - 04/28/07 06:37 AM Re: Oil prices and profits [Re: ExCon]
Bushi_no_ki Offline
Veteran

Registered: 05/03/05
Posts: 1667
Loc: POM, Monterey CA
Ok, first things first, the Oil companies are entitled to some profit (why else be in business), but that is obscene when there are people who are sacrificing to make ends meet. I'm not getting an extra $200 this summer to pay for gas.

Europeans, I understand you feeling a little less sympathetic on this matter, but also remember that in most of western Europe, a vehicle isn't so much of a necessity as it would be for someone who lives way out in the middle of nowhere. There is other forms of transportation that are far more reliable than what America offers.
I however, grew up in an area where a car is a necessity. In fact, it still is. Public transportation in this area is nothing resembling what it would be for a city of comparable size in England or Italay

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#338377 - 04/28/07 07:29 AM Re: Oil prices and profits [Re: Bushi_no_ki]
Cord Offline
Prolific

Registered: 01/13/05
Posts: 11399
Loc: Cambridge UK.
Quote:

Public transportation in this area is nothing resembling what it would be for a city of comparable size in England or Italay




Cant speak for Italy, but with the exception of london's famous tube and bus infrastructure, the rest of the UK's public transport systems is a farce. The train network has numerous regional private companies running segments of the nations tracks, and attempting (badly) to coordinate the system together. Travelling by train is both slow, and hugely expensive: It is cheaper to fly anywhere in europe and the med from the UK, than it is to take a train point to point within the country- crazy but true.
Buses are no better, with unreliable services, and restrictive timetabling making them unsuitable for the vast majority of the public.

cars are as much of a necessity to UK families/workers as to our transatlantic cousins, we just have to pay more for them, and for our fuel, whilst simultaneously having a lower average wage.

not b1tching, just pointing out that you guys shouldn't either. you have had, and will still have, the cheapest fuel prices in the developed world.
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