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Posted: 10/10/2005 3:27:30 PM EDT
Oil companies profits are at an all time high. What a fucking suprise.
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Posted: 10/10/2005 3:28:49 PM EDT
[#1]
The oil rapists have never been in danger of a decline in profit. |
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Posted: 10/10/2005 3:29:12 PM EDT
[#2]
This just in: Corporations exist to benefit their shareholders.
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Posted: 10/10/2005 3:31:24 PM EDT
[#3]
We should nationalize the oil industries and set price contols. Then we could be a true worker's paradise, like Cuba or the former Soviet Union!
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Posted: 10/10/2005 3:32:30 PM EDT
[#4]
Look at the numbers. Even before the hurricane, most posted multi billion dollar profits, some as high as $30 billion a quarter.
What bastards.  I (In Couldn't type it fast enough. 
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Posted: 10/10/2005 3:33:49 PM EDT
[#5]
That's what happens when demand is way up. They sell more. And since they need to pay more for the oil because world wide demand is up, their profit margin per bbl full goes up as its a percentage on a higher number.
EG, 5% profit on a $50 barrel of oil is $2.50 Sell 10 barrels full, make $25. 5% profit on a $60 barrel is $3. Sell 15 barrels full, make $45. $45 >$25, ergo, greater profit. Profit percentage is the same, total numbers are greater. |
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Posted: 10/10/2005 3:35:48 PM EDT
[#6]
Good thing they aren't selling air..................
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Posted: 10/10/2005 3:43:41 PM EDT
[#7]
And all of this time I thought is was because of the silly little war in Iraq
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Posted: 10/10/2005 3:46:05 PM EDT
[#8]
How does this surprise you, why do you express anger? When the prices of commodities are high, then of course commity producers' profits will rise as well.
"Gold producers' profits are an all time high. What a fucking surprise "Sounds silly, doesn't it? |
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Posted: 10/10/2005 3:47:06 PM EDT
[#9]
$22.50 TOTAL production Cost for one US barrel of oil. This is for a US oil company. Saudi Oil cost them around $4.00 to get a barrel out of the ground and marketed. $22.50 > $60.00 yea that is a good profit margin. To hell with the country. All figures from Fox news. O'Reiley did an investigation of the oil companies and these are the numbers they came up with. I would trust these numbers before I would trust doctored numbers from the oil industry. |
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Posted: 10/10/2005 3:47:49 PM EDT
[#10]
Why isn't everybody pissed at Big Water? They turn on the tap, bottle it, put a fancy logo on it, and sell it for $3/liter. Talk about price gouging...
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Posted: 10/10/2005 3:48:25 PM EDT
[#11]
They would if they could. |
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Posted: 10/10/2005 3:48:46 PM EDT
[#12]
Well lets see-Peoples trucks and cars dont run on water. |
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Posted: 10/10/2005 3:49:38 PM EDT
[#13]
Their bodies do. |
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Posted: 10/10/2005 4:34:17 PM EDT
[#14]
Because if we had the option to turn on a gasoline tap for pennies on the dollar we would.
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Posted: 10/10/2005 5:20:09 PM EDT
[#15]
Not this shit again!!!!! |
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Posted: 10/10/2005 5:23:45 PM EDT
[#16]
If people bought less of it, the prices would go down. Capitalism works when the people don't act like helpless sheep. |
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Posted: 10/10/2005 5:26:58 PM EDT
[#17]
Just read on the internet
...the title of this thread sucks. |
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Posted: 10/10/2005 5:27:20 PM EDT
[#18]
I think the question is, is oil price up due to real higher demand. Or have they been price gouging in the wake of national disasters. If it's the latter I say the Gov't should spank them, And it's wrong and "there outa be a law". The so-called "free market" is great until it plummets your countries economy into a depression over greed.
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Posted: 10/10/2005 5:30:31 PM EDT
[#19]
Amazing. The state and government fixes everything. |
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Posted: 10/10/2005 5:35:43 PM EDT
[#20]
Tomislav beat me to it. |
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Posted: 10/10/2005 5:37:08 PM EDT
[#21]
If people would reduce the amount of gas and oil they use then the price would
go down... People would rather just bitch all the time instead of actually try and screw "big oil". I have curtailed the amount of driving my family does to cut down on the amount of gas we burn through our vehicles. Most people wanna keep doing the same driving they have always done and just bitch about it. LB |
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Posted: 10/10/2005 5:37:45 PM EDT
[#22]
Dang people ... it's Bush's fault!
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Posted: 10/10/2005 5:41:09 PM EDT
[#23]
Here is a tip; instead of getting mad, get rich. Buy stock in oil companies.
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Posted: 10/10/2005 5:47:08 PM EDT
[#24]
A little late, the market has already priced in the increases. G PS - the best cure for high prices is high prices |
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Posted: 10/10/2005 5:47:19 PM EDT
[#25]
And how many can recall the losses the oil companies were taking when the cost per barrel was $10?
Don't believe the hype that gas companies are gouging you at the pump. Wanna know the reason behind high gas prices? No refineries built in 30 years, severe restrictions on new drilling, and 50 different blends of gasoline to refine. |
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Posted: 10/10/2005 5:49:56 PM EDT
[#26]
Agreed: Their Econ101-fu is severely lacking. Stop all your whining and buy oil stocks. Then you'll feel like you are paying yourself when you pump gas.  Proud shareholder of ExxonMobil (NYSE: XOM) 
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Posted: 10/10/2005 5:57:53 PM EDT
[#27]
  
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Posted: 10/10/2005 5:59:47 PM EDT
[#28]
Oh my gosh gas is $3 a gallon ! The sky is falling the sky is falling!
If you cant pay $3 a gallon you shouldn't drive use public transportation I belive its $1,50 from when I used it. |
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Posted: 10/10/2005 6:00:00 PM EDT
[#29]
Sure... and my faucet doesn't flow gasoline..
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Posted: 10/10/2005 6:17:58 PM EDT
[#30]
holy shit no way! you mean, oil companies are composed of people trying to make a living? just like you and me???  And that they have high profits because they deal in a commodity which no one wants to go without? Who'da thunk it? |
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Posted: 10/10/2005 6:19:57 PM EDT
[#31]
BOHICA!!!
Call it a coincidence but it seems the profits of "KY JELLY" have gone up too!!! |
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Posted: 10/10/2005 6:22:12 PM EDT
[#32]
That's because my demand is inelastic. 
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Posted: 10/10/2005 6:24:24 PM EDT
[#33]
Gotta be a lie...supply and demand is a fallacy invented by Exxon, Haliburton, and Bushitler's cronies. |
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Posted: 10/10/2005 6:27:18 PM EDT
[#34]
No one makes you drive - it is convienient sure, but it is not a neccessity to have a car. Take the bus, the train, your bike, a horse or your feet. Folks need to put their money where their mouth is. |
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Posted: 10/10/2005 6:39:32 PM EDT
[#35]
Uh, gasoline is'nt the only petro product. So how are we supposed to Heat the house? Also you seem to forget that higher gas increases basically causes everything else to go up. When Cheese goes up due to price gouging, well you just don't buy cheese! When energy fuel goes up due to price gouging it can cause runaway inflation. And don't gimmie this Dont buy gas crap cause it aint realistic. Sometimes the Govt has to step in*. Its like saying "i aint going to the doctors they are too expensive! I'd rather just sit here and die of cancer to get them to lower their health care prices" Yeah that'll work.
*not that I expect this numb nuts to do anything except to say "hey put on another sweater" |
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Posted: 10/10/2005 6:41:33 PM EDT
[#36]
News-Flash- Supply and demand only works when you have a industry where there is actual business competition. News-Flash-Oil industry is now controlled by about 4 companies which FIX the price of oil and therefore gas. Don't give me that supply and demand BS. It just don't fly when you face the realities of the oil industry in this country as of 2005. |
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Posted: 10/10/2005 6:45:14 PM EDT
[#37]
Stop buying their product. curious. What do you drive? |
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Posted: 10/10/2005 6:45:20 PM EDT
[#38]
Let's see, a company with a deepwell can bottle the water and sell it for $1.50 a 12 oz bottle. There are 128 oz per gallon. That makes it $16.00 per gallon. There was no refining, no pipelines, no Environmental Impact Statements, no building refineries, just buy a bottling machine and pour in the water.
And that is not price gouging? |
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Posted: 10/10/2005 6:51:08 PM EDT
[#39]
Comparing high price bottle water with the commodity of gas is a very poor comparison. This nations economy is dependant on fuel. All the bottle water plants could close down this week and it would only affect them. Gasoline and fuel oil is a basic commodity. Bottled water is a luxury. No I don't waste my money buying over priced bottled water. I also drive fuel efficent vehicles. |
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Posted: 10/10/2005 6:57:02 PM EDT
[#40]
Wow. Where do you come up with these radical ideas?? Maybe we should all ride bikes, and use horses. Then when the economy collapses and we revert to 18th century levels of society the "so-called" free marketeers can say "see what wonderous things a monopolistic "free market" can bring!" |
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Posted: 10/10/2005 7:00:18 PM EDT
[#41]
You must have listened to Rush today :) |
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Posted: 10/10/2005 7:07:32 PM EDT
[#42]
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Posted: 10/10/2005 7:38:57 PM EDT
[#43]
Wrong. Supply and demand, in its most raw form, does not require competition to be true. If I own all of the oil in the world, then I can set whatever price I want. If the price gets high enough, someone will invent an alternative. Think about this issue in terms of macroeconomics, not microeconomics. |
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Posted: 10/10/2005 7:55:00 PM EDT
[#44]
Sure, I'll ride my bike 140mi round trip a day to work. Great solution! Reality: People aren't going to combine together in a group effort and stop driving. We do not have transportation systems like the rest of the world. |
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Posted: 10/10/2005 7:56:55 PM EDT
[#45]
If they could figure a way to make us pay for it they would..... Along with sunshine |
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Posted: 10/10/2005 8:03:27 PM EDT
[#46]
Didn't Nixon or Carter slap a windfall tax on the oil industry to deter the gouge reflex. 'similar to gag reflex' ???
I was young enough to not care back then, but I seem to remember that and it was eliminated by the next republican pres. |
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Posted: 10/10/2005 8:03:40 PM EDT
[#47]
Evil oil companys stock holder.----------------------->
 Even MORE evil member of family that gets royalties from condensate/NG wells in South Texas.------------------------------------------------------------------>
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