Yep, Exxon Mobil had a reported earnings of 39.5 billion dollars!! The highest ever for a company in a single year!! But we're not getting gouged at the pumps!![:@][:@][:@][:@][:@][:@][:@][:@][:@][:@][:@][:@][:@][:@][:@][:@][:@]
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I love Christmas lights. They remind me of the people who voted for Obama. They all hang together; half of them don't work, and the ones that do, aren't that bright.
For those who understand, no explanation is needed. For those who do
not understand, no explanation is possible.
A golf course is a willful and deliberate misuse of a perfectly good rifle range.
I have no problems with a company making as much money as they can .......... the problem with this is that they are selling a produt thats an absolute neccessity for people. Its not unlike price gouging, its NOT supply vs demand for sure, and the end result ? HUGE profits that only they control.
They could raise gas prices to $6 a gallon tommorow and likely sell 95% as much gas tommorrow as they do today.
I wouldn't be AS pissed off about it, if diesel was at least the same price as regular gas or cheaper like it should be! I'm paying about 10 cents over Premium for diesel.[:@][:@]
__________________
I love Christmas lights. They remind me of the people who voted for Obama. They all hang together; half of them don't work, and the ones that do, aren't that bright.
For those who understand, no explanation is needed. For those who do
not understand, no explanation is possible.
A golf course is a willful and deliberate misuse of a perfectly good rifle range.
ipscshooter Are you telling me Exxon raising their gas prices to $3 + a gallon isn't the reason for the profit ?
Are you trying to tell me they paid $2.70 a gallon, refined it and sold it for $3 ? (very simplisitc example, not anywhere accurate, just an example)
No ......... they had this $3.00 a gallon oil bought years back, and they didn't pay $75 a barrel, they had it bought for $15 a barrel. They hedge everything with commodities.
They don't lose money - because all they have to do is raise prices. Its simple.
But the last few years .......... barrels of oil skyrocketed from a 1999 low of some $10.50 a barrel to over $75 a barrel wasnt it ? And that justified them gouging people EVEN MORE.
Fact - if oil jumped to $100 a barrel tommorrow, gas at the pump would IMMEDIATELY reflect it.
Fact - if oil dropped to $10 a barrel tommorrow, you'd still pay $2.10-$2.50 a gallon
Oil companies will continue to reap huge profits, because they are in control of an absoluely neccessary product that every person in the US has to have. Its a monopoly, you can't NOT buy gasoline products. And because of that they can so whatever they want.
Only a strong anti-oil company President could make changes in how it all works. Won't ever happen. Ita also the reason you won't see an alternative fuel source anytime soon - the oil companies will not allow it. And why would they ? They'l lose billions if you and I didn't HAVE to buy gas, wouldn't they ?
I didn't say anything about the "reason for their profit." I said they make about 10 cents of profitfor every dollar of revenue. I also didn't say anything about whether I thought it was too much profit or too little profit. Keep in mind that the Company has a fiduciary duty to its shareholders to maximize profits.
ipscshooter Are you telling me Exxon raising their gas prices to $3 + a gallon isn't the reason for the profit ?
Are you trying to tell me they paid $2.70 a gallon, refined it and sold it for $3 ? (very simplisitc example, not anywhere accurate, just an example)
No ......... they had this $3.00 a gallon oil bought years back, and they didn't pay $75 a barrel, they had it bought for $15 a barrel. They hedge everything with commodities.
They don't lose money - because all they have to do is raise prices. Its simple.
But the last few years .......... barrels of oil skyrocketed from a 1999 low of some $10.50 a barrel to over $75 a barrel wasnt it ? And that justified them gouging people EVEN MORE.
Fact - if oil jumped to $100 a barrel tommorrow, gas at the pump would IMMEDIATELY reflect it.
Fact - if oil dropped to $10 a barrel tommorrow, you'd still pay $2.10-$2.50 a gallon
Oil companies will continue to reap huge profits, because they are in control of an absoluely neccessary product that every person in the US has to have. Its a monopoly, you can't NOT buy gasoline products. And because of that they can so whatever they want.
Only a strong anti-oil company President could make changes in how it all works. Won't ever happen. Ita also the reason you won't see an alternative fuel source anytime soon - the oil companies will not allow it. And why would they ? They'l lose billions if you and I didn't HAVE to buy gas, wouldn't they ?
That is SO true! A barrel of oil was the lowest is has been in a long time recently(right around $50 I believe), but did the pump prices reflect it? Hell no!
__________________
I love Christmas lights. They remind me of the people who voted for Obama. They all hang together; half of them don't work, and the ones that do, aren't that bright.
For those who understand, no explanation is needed. For those who do
not understand, no explanation is possible.
A golf course is a willful and deliberate misuse of a perfectly good rifle range.
That is SO true! A barrel of oil was the lowest is has been in a long time recently(right around $50 I believe), but did the pump prices reflect it? Hell no!
What are you talking about? Pump prices are the lowest they've been in quite some time. $1.95 per gallon here.
Exxon Mobil, 39.5 BILLION!!
