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Posted: 1/16/2015 9:45:23 PM EDT
[#1]
Quote HistoryQuoted:
Plenty of people lost jobs because of high gas prices too. Where was your care for them? Quote HistoryQuoted:
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Hope you guys like saving $15 when filling up, because there are people out of work because of it.  Plenty of people lost jobs because of high gas prices too. Where was your care for them? Post a link where 9,000 people lost a job at one (non energy related)company solely due to the price of oil please. What this country needs as much as any other single thing is MORE TAXPAYERS, not less. |
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Posted: 1/16/2015 9:45:43 PM EDT
[#2]
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Hope you guys like saving $15 when filling up, because there are people out of work because of it. More like 9K a year overall. I like it fine. It almost offsets the ass rape on Fertilizer, You save 5 cents a lb over the fruit I grow, thanks to the .Gov propping up foreign competition, and not enforcing the same standards of production. Welcome to the party pal. |
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Posted: 1/16/2015 9:48:19 PM EDT
[#3]
I knew somebody would ruin it before I could get $1.99/gal gas here is WV. I was close tonight at $2.04.
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Posted: 1/16/2015 9:49:02 PM EDT
[#4]
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IN BEFORE PEOPLE JUMP IN SAYING OIL WILL GO RIGHT BACK UP TO $75.00. (NOT)  Try $100. |
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Posted: 1/16/2015 9:52:16 PM EDT
[#5]
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Hope you guys like saving $15 when filling up, because there are people out of work because of it. 
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Posted: 1/16/2015 9:56:47 PM EDT
[#6]
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Hope you guys like saving $15 when filling up, because there are people out of work because of it. I fucking love saving my $15+. I love it so fucking much. Those people chose to work in a volatile industry. Sucks for them, but thems the breaks. |
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Posted: 1/16/2015 9:58:19 PM EDT
[#7]
Ouch...
Posted Via AR15.Com Mobile |
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Posted: 1/16/2015 10:09:38 PM EDT
[#8]
Maybe if workers in the oil industry didn't work 160 hours a week and they spread it out a little there might be some work left to live on....greedy bastards!!!!
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Posted: 1/16/2015 10:12:46 PM EDT
[#9]
I work in warehousing and logistics. We are always busy and it is great! Lots of guys left to go work oil and some are already coming back to us for their job back. Some will be rehired and some wont.
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Posted: 1/16/2015 10:17:30 PM EDT
[#10]
Well the whole energy independence idea was nice while it lasted.
What many of you do not know is that these new shale wells aren't like your daddy's oil wells. Many have declines in production of 70% after the first year. Translation... you stop/slow drilling and domestic production is going to drop fairly quickly. |
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Posted: 1/16/2015 10:23:10 PM EDT
[#11]
Frontier Airlines gave notice to >1000 people in Denver today, claiming that some would be re-hired by the contractor that will be replacing them. link
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Posted: 1/16/2015 10:26:02 PM EDT
[#12]
Folks in the oil business are experienced business men. They know when to cut their losses. They also know when to ramp up operations. In the long run, they will do just fine.
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Posted: 1/16/2015 10:26:38 PM EDT
[#13]
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Hope you guys like saving $15 when filling up, because there are people out of work because of it. Let the butt hurt flow buddy
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Posted: 1/16/2015 10:35:30 PM EDT
[#14]
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I knew somebody would ruin it before I could get $1.99/gal gas here is WV. I was close tonight at $2.04. Thanks to the state gas taxes we'll be one of the last areas to go under $2/gal. And who is saving just $15 per fillup? I remember when filling it up would run over $150. Now I can get it done for about $75. |
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Posted: 1/16/2015 10:42:35 PM EDT
[#15]
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You know, generally I am all for free markets and I like cheap gas as much as the next guy. That being said, I would gladly keep paying $3 a gallon at the pump to see the US energy independent from the Middle East and to keep 10's of thousands of people employed in the oil field sectors. Drilling is one of the few industries for a good wage where I live other than the University. lol When ever you read that line you know the derp is going to follow. |
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Posted: 1/16/2015 10:47:08 PM EDT
[#16]
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Hope you guys like saving $15 when filling up, because there are people out of work because of it. lol How does the free-market work again? Shale, fracking, and tar sands wasn't a sustainable business model, not to the extent it was being used. As a result of true price discovery some of it's going to be shut down, and the oil stays stored nicely in the ground for the day it's actually profitable to extract. I don't see a problem here. ...what am I missing? |
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Posted: 1/16/2015 11:03:44 PM EDT
[#17]
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And right there is the correct answer. Quote HistoryQuoted:
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Hope you guys like saving $15 when filling up, because there are people out of work because of it. High gas prices put a shit load of people out of work. I am from North Dakota and I say good. Pack up and leave and go back to whatever god forsaken state you came from. Id rather have the $2 gas than them. |
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Posted: 1/16/2015 11:09:53 PM EDT
[#18]
With roughly 150,000 employees - 9,000 to them isn't as large a number as it would be to a smaller company. We still have a lot of work being done with them but some product has been put on hold until they can figure out what 2015 is going to bring.
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Posted: 1/16/2015 11:14:10 PM EDT
[#19]
The way "Schlumberger" is pronounced, at first I thought it was a mattress manufacturer.
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Posted: 1/16/2015 11:20:51 PM EDT
[#20]
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Maybe if workers in the oil industry didn't work 160 hours a week and they spread it out a little there might be some work left to live on....greedy bastards!!!! They only get 1 hour off a day? Sounds like BS but OK.
If one over price product is good for everyone, it would make sense the all products sold over real value would be better.. That doesn't make sense. Can the laid off workers not just retrain and step into the jobs that are benefiting from lower fuel prices, or are they just part of the FSA, one trick pony, with nothing else to contribute? Every single user of gas in the US (if not world) is paying half of what they were a year ago. That's a heck of a lot of money left to be spent elsewhere. |
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Posted: 1/16/2015 11:20:53 PM EDT
[#21]
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I am from North Dakota and I say good. Pack up and leave and go back to whatever god forsaken state you came from. Id rather have the $2 gas than them. Quote HistoryQuoted:
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Hope you guys like saving $15 when filling up, because there are people out of work because of it. High gas prices put a shit load of people out of work. I am from North Dakota and I say good. Pack up and leave and go back to whatever god forsaken state you came from. Id rather have the $2 gas than them. Interesting....I've heard that the boom was not all it was cracked fracked up to be for the locals. Still and all I'll bet "Mom & Pop" enjoyed ass-raping the workers while they could.....And had the good sense to salt some of the money away. 
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Posted: 1/16/2015 11:23:41 PM EDT
[#22]
The bad thing about booms is busts come with them. Everyone knows that. Everyone in the petroleum industry should have that tattooed on their nutsack, just in case they forget.
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Posted: 1/16/2015 11:24:35 PM EDT
[#23]
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You know, generally I am all for free markets and I like cheap gas as much as the next guy. That being said, I would gladly keep paying $3 a gallon at the pump to see the US energy independent from the Middle East and to keep 10's of thousands of people employed in the oil field sectors. Drilling is one of the few industries for a good wage where I live other than the University. The insane doctrine of wealth through scarcity. Derp, if gas isn't $3 a gallon, people will stop working, Hur Duh-erp! |
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Posted: 1/16/2015 11:25:22 PM EDT
[#24]
Supply and demand people.
Everyone thought OPEC was going to reduce production To keep prices high. They were wrong and prices started to tank. A good comparison is the ar15 market today And where it was during the 2012 panic. The oil market is flooded right now, as they say salad days... |
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Posted: 1/16/2015 11:32:06 PM EDT
[#25]
The company I work for is saving around $11, 000 a day, just in deadhead miles.
I like having a job, so yeah, I'm fuckin diggin it. |
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Posted: 1/16/2015 11:34:45 PM EDT
[#26]
Quote HistoryQuoted:
Post a link where 9,000 people lost a job at one (non energy related)company solely due to the price of oil please. What this country needs as much as any other single thing is MORE TAXPAYERS, not less. Quote HistoryQuoted:
Quoted:
Quoted:
Hope you guys like saving $15 when filling up, because there are people out of work because of it. Plenty of people lost jobs because of high gas prices too. Where was your care for them? Post a link where 9,000 people lost a job at one (non energy related)company solely due to the price of oil please. What this country needs as much as any other single thing is MORE TAXPAYERS, not less. 2008 look it up. |
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Posted: 1/16/2015 11:37:16 PM EDT
[#27]
I like cheap gas.
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Posted: 1/17/2015 6:17:40 AM EDT
[#28]
Quote HistoryQuoted:
Post a link where 9,000 people lost a job at one (non energy related)company solely due to the price of oil please. What this country needs as much as any other single thing is MORE TAXPAYERS, not less. Quote HistoryQuoted:
Quoted:
Quoted:
Hope you guys like saving $15 when filling up, because there are people out of work because of it. Plenty of people lost jobs because of high gas prices too. Where was your care for them? Post a link where 9,000 people lost a job at one (non energy related)company solely due to the price of oil please. What this country needs as much as any other single thing is MORE TAXPAYERS, not less. Who gives a shit if they all were under one company or not. The trucking industry for one was hammered by high fuel prices and put thousands of people in small and large operations out of business. |
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Posted: 1/17/2015 6:40:52 AM EDT
[#29]
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Hope you guys like saving $15 when filling up, because there are people out of work because of it. I have been told on this very site that if I don't like my job I should quit and do something else. If their job goes away they should do something else, the oil industry has always been volatile, maybe plan for a rainy day when things were good? |
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Posted: 1/17/2015 7:02:10 AM EDT
[#30]
Once the frackers are out of business, OPEC will raise prices.
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Posted: 1/17/2015 7:46:35 AM EDT
[#31]
meh, happens all the time in the oil industry.
I worked for them in 98. Got laid off right after I bought a house back when oil was $30 barrel. Life goes on. |
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Posted: 1/17/2015 7:47:37 AM EDT
[#32]
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Hope you guys like saving $15 when filling up, because there are people out of work because of it. I don't recall any concern for my well being from you folks when I was paying $4.25/gal. for heating oil last winter. |
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Posted: 1/17/2015 7:49:20 AM EDT
[#33]
this "bust" is nothing like in th 80's. back then the rig count peaked at 4500 and dropped to a few hundred, during the latest "boom" the rig count never even broke 2000, but there has been a price collapse for reasons no one can really figure out, back in the 80's volker raised interest rates to extreme levels to tame inflation which contributed to the "bust" back then
oil is finding a bottom so enjoy these gas prices while they last |
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Posted: 1/17/2015 7:50:39 AM EDT
[#34]
Quote HistoryQuoted:
You know, generally I am all for free markets and I like cheap gas as much as the next guy. That being said, I would gladly keep paying $3 a gallon at the pump to see the US energy independent from the Middle East and to keep 10's of thousands of people employed in the oil field sectors. Drilling is one of the few industries for a good wage where I live other than the University. OK. What about the rest of us? The drop in oil prices will save jobs in my industry. |
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Posted: 1/17/2015 7:52:32 AM EDT
[#35]
Meh. If the one energy company I work for fracs 3-4 pads a year at 100 stages I'll have year around work. Not worried in the least.
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Posted: 1/17/2015 8:00:34 AM EDT
[#36]
Quote HistoryQuoted:
this "bust" is nothing like in th 80's. back then the rig count peaked at 4500 and dropped to a few hundred, during the latest "boom" the rig count never even broke 2000, but there has been a price collapse for reasons no one can really figure out, back in the 80's volker raised interest rates to extreme levels to tame inflation which contributed to the "bust" back then. We dont have that situation now, some excess supply (1.5MBD over the 90MBD world daily use ie razor thin excess) and the world economy is fucked up in europe, japan and china is slowing, so the demand side is fucked up currently, all of this is sorting itself out, oil is finding a bottom so enjoy these gas prices while they last |
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Posted: 1/17/2015 8:04:24 AM EDT
[#37]
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Once the frackers are out of business, OPEC will raise prices. Never happen !!!!!! all that equipment will just get a re-furb and placed on a lot until gas prices demand their operational need |
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Posted: 1/17/2015 8:19:11 AM EDT
[#38]
Quote HistoryQuoted:
Post a link where 9,000 people lost a job at one (non energy related)company solely due to the price of oil please. What this country needs as much as any other single thing is MORE TAXPAYERS, not less. Quote HistoryQuoted:
Quoted:
Quoted:
Hope you guys like saving $15 when filling up, because there are people out of work because of it. Plenty of people lost jobs because of high gas prices too. Where was your care for them? Post a link where 9,000 people lost a job at one (non energy related)company solely due to the price of oil please. What this country needs as much as any other single thing is MORE TAXPAYERS, not less. Get rid of the income tax entirely! Then go with a larger flat sales tax. That captures everybody, including illegals and those out of work. |
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Posted: 1/17/2015 8:26:40 AM EDT
[#39]
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No surprise. Oil goes up and down.... Jobs go up and down in tandem. Of course the morons that work the wells probably drank all the money and will now be on welfare instead of being on vacation and comfortable for the next couple years. Almost no one involved saves any money and they have to know there is always a crash. In the early '80s boom I had an uncle with a private airplane and pilot flying around the country making deals, blowing and going. In six months he went from that to living at home with his elderly mother.
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Posted: 1/17/2015 8:31:26 AM EDT
[#40]
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Schlumberger net profit. http://ycharts.com/companies/SLB/profit_margin Liberal minds aren't good at business math  Thank you! |
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Posted: 1/17/2015 8:32:13 AM EDT
[#41]
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I just hope it ruins the fucking retards who got an oil field job and went out and immediately bought a $70,000 diesel bro-dozer and now can't make the payments. Because that's a great idea in an industry as volatile as oil and gas without first building up a large safety net of cash Then, once they default on their loan, the industry comes back and the smart people who saved their money go right back to having jobs and prospering.
While in the oil-field as an EE, I grew a fond disdain for the typical piece of oilfield trash. Lot of really smart, hard-working, and great people in the industry, but they're in the minority. Nothing changes. There were lots of these high dollar pickups lost at the end of the '80s boom that I saw. My grandfather had a '49 Chevy PU when I was a kid that he got cheap from an oil field worker that bought it new and then had to sell it right after that when he went broke. |
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Posted: 1/17/2015 8:44:40 AM EDT
[#42]
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Almost no one involved saves any money and they have to know there is always a crash. In the early '80s boom I had an uncle with a private airplane and pilot flying around the country making deals, blowing and going. In six months he went from that to living at home with his elderly mother. Quote HistoryQuoted:
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No surprise. Oil goes up and down.... Jobs go up and down in tandem. Of course the morons that work the wells probably drank all the money and will now be on welfare instead of being on vacation and comfortable for the next couple years. Almost no one involved saves any money and they have to know there is always a crash. In the early '80s boom I had an uncle with a private airplane and pilot flying around the country making deals, blowing and going. In six months he went from that to living at home with his elderly mother. Around here it seems to be 3-4 vehicles, Harley's, side by sides, expensive houses, ect. All noted up and upside down in everything. Talking to several I know they don't have a months worth of savings put back. Quite a few of these guys can barley spell their name and had a hard time getting a minimum wage job before the shale. It's going to be hard times for many real soon. |
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Posted: 1/17/2015 8:55:00 AM EDT
[#43]
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Look it up. They made $12.1 billion in the 2nd quarter and $12.6 billion in the third quarter and now are crying like babies. The oil companies have been hosing us for years while making billions and they will still make money even at these gas prices. The perfect example of American greed. Its all hype and spin and they are setting up to justify the next round of price hikes or getting the government to either give them more money or bail them out. I have no sympathy. Paal Kibsgaard the CEO makes in excess of $22 million a year. How many people who really work would that pay for. Study up |
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Posted: 1/17/2015 9:06:17 AM EDT
[#44]
They'll be able to slide into jobs flipping hambergers.
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Posted: 1/17/2015 9:42:50 AM EDT
[#45]
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Look it up. They made $12.1 billion in the 2nd quarter and $12.6 billion in the third quarter and now are crying like babies. The oil companies have been hosing us for years while making billions and they will still make money even at these gas prices. The perfect example of American greed. Its all hype and spin and they are setting up to justify the next round of price hikes or getting the government to either give them more money or bail them out. I have no sympathy. Paal Kibsgaard the CEO makes in excess of $22 million a year. How many people who really work would that pay for. 
Revenue does not equate to profits. Feel free to take your envy, greed and hubris back to the Democratic Underground and whine about life among the company of your fellow travelers. |
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Posted: 1/17/2015 10:07:50 AM EDT
[#46]
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Once the frackers are out of business, OPEC will raise prices. Then the frackers will start back up again. |
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Posted: 1/17/2015 10:38:50 AM EDT
[#47]
Airline industries are hiring .
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Posted: 1/17/2015 10:41:13 AM EDT
[#48]
Quote HistoryQuoted:
Look it up. They made $12.1 billion in the 2nd quarter and $12.6 billion in the third quarter and now are crying like babies. The oil companies have been hosing us for years while making billions and they will still make money even at these gas prices. The perfect example of American greed. Its all hype and spin and they are setting up to justify the next round of price hikes or getting the government to either give them more money or bail them out. I have no sympathy. Paal Kibsgaard the CEO makes in excess of $22 million a year. How many people who really work would that pay for. Click. Ignore. Moron. |
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Posted: 1/17/2015 10:42:30 AM EDT
[#49]
Hi Quote HistoryQuoted:
Then the frackers will start back up again. Quote HistoryQuoted:
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Once the frackers are out of business, OPEC will raise prices. Then the frackers will start back up again. Hopefully the frackers will find a way to get oil out of the ground cheaper and will be able to deal with 48 dollar a barrel oil |
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Posted: 1/17/2015 10:46:23 AM EDT
[#50]
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Ummm...; exactly how much is that 12+ billion as a percent of sales? I just looked it up, 2.38%YTD net profit.. Not really all that much is it. Yup. The oil industry has razor thin profit margins. They have to rocknroll 100% of the time and be as efficient as possible to make any money(which isnt a bad thing guys.) Its tiring to hear ignorant ass people complain about how much this or that company makes without knowing a thing about their margins. |
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