The BladeForums.com 2024 Traditional Knife is ready to order! See this thread for details:
https://www.bladeforums.com/threads/bladeforums-2024-traditional-knife.2003187/
Price is $300 $250 ea (shipped within CONUS). If you live outside the US, I will contact you after your order for extra shipping charges.
Order here: https://www.bladeforums.com/help/2024-traditional/ - Order as many as you like, we have plenty.
What we are currently paying the oil companies for gas is price gouging.
Yes, and perhaps they should whine when Exxon Mobil makes a 40.4 billion dollar profit last year (estimated to be much larger this year, and also the largest ever reported by a US company) when Joe Public has to scrape pennies together to buy food and other essentials that have gone up substantially due to the increase in oil prices.Why do you have a different standard for oil and knives? The margin on knives is often much higher than it is on oil, % wise, and in any case, I don't think oil companies are putting a gun to your head to force you to buy their stuff.
That's just my point Joss, as I don't have to buy a knife (no one has a gun to my head), however the vast majority of Americans do have to buy gas to get to work to put food on the table. I can also always find a cheaper knife too, however gas prices don't generally vary more than a few cents from pump to pump.
I would also challenge your claim that margin on knives is higher than that on oil.
My initial reaction was much more violent. I have 0 tolerance for this tendancy people are developing in the US to bash successful individual or companies (oil, drug, banking, insurance, Microsoft, ...). There's some truth that the US is becoming a nation of whiners. It's bad enough in "sane" times, but in those days that politicians are seeking their next target, it's incredibly dangerous.
Kevin - I see you've drank the Kool Aid. Very sad.
The vast majority of Americans don't have to drive to work more than they have to buy a knife. Yes, commuting 15 or 30 miles by bike is inconvenient, but that remains a question of choice - choice to live where you do, work where you do, and allocate your time a certain way. No one at any point put a gun to anyone's head to force them to make those choices.
As to Exxon, their quarterly net income last Q was $10.89B out of a revenue of $116.854B. If you think that a 9.3% net income is a lot, I don't know what to say.
Joe Public scrapping pennies to buy food. Arf, arf, arf. :yawn: Gimme a break.
Warren Buffet (One of the Top Three Richest Men in the World) complained earlier this year that his secretary pays more in taxes than he does. Why? Because she has a job that gives you a W-2 at the end of the year and Mr. Buffet has the majority of his investments in TAX FREE INVESTMENTS!
Please note...Mr. Buffet for all of his press with regards to the unfair tax policies in the US....did not feel bad enough to write the government a check to help with the deficit.
Nor should he have to. He played by the rules set forth by the IRS Code and became a Billionaire.
Hi Joss,
You are correct there is a certain sector of people in the US that are whiners. More and more people thinking that the government owes them something because they are breathing.
Most people don't understand the difference between profit and profit margin.
As you pointed out the oil companies are running at about a 9.3% Profit Margin.
Most, if not all companies world wide could not stay in business with a 10% profit margin.
It was Shirley Jackson Lee (D-TX) who slipped and said during the congressional hearings with the Oil Companies that the Oil business should be "Socialized". The last thing we want is the US Government running the oil business.
As Ronald Regan said " Government is no the solution...Government is the Problem".
It was the democrats who would allow off shore drilling and drilling in ANWR. The democrats were trying to blame the speculators (showing an ever increasing lack of knowledge with regards to economics and free markets).
Point of fact when President Bush announced that he was lifting the ban on off shore drilling the price of a barrel of oil dropped by 15 dollars. On July 3rd Oil Closed at $146 per Barrel, this past Friday it closed at a little over $123. Those same "Speculators" are now helping to bring down the price? I guess so. If they made Oil go up...then they now have to be accused of making it go down.
Free markets work. As long as Shirley Jackson Lee (D-TX) doesn't get her way and oil become "Socialized".
Gouging primarily occurs during a time of strife. Like selling water after a Natural disaster for $5 for a 16 ounce bottle.
Speaking of gouging, how about a bottle of water???
A 16 Ounce Bottle of Water sells anywhere from $1.00 to $2,50 (More at the movies). Which means a Gallon of this water sells for between $8.00 and $20.00.
Oh BTW, both Disani and Aquafina have been successfully sued. The suit forces them to disclose that this water is nothing more than filtered TAP WATER.
Kevin, where is the outrage at the gouging and obscene profits these companies must be making???
Where I live a gallon of water is $0.007 cents per gallon. BTW, you don't have to drill for it....it falls out of the sky.
BTW, Joss, thanks for the mention with regards to the Terrell Crowd Pleaser's. For those who don't know...my price is the same as Mark's and you don't have to wait.
Second, I'm ALL for and support the free market system except the rare intense when it's manipulated and plundered
Hi Kevin,
Yes it is 9.3% NET. Aren't they entitled to a profit?
Yes Les, every bit of that puny 40 billion. :barf::thumbdn:Now that we are straight on net profit vs. gross profit, all your figures have gotten me interested, what was Exxon's GROSS PROFIT?
I know you posted this before I posted Exxon's profit/tax info.
Kevin, I suspect you have an IRA or 401K or Mutual funds. If you do the research I suspect you will find oil stock in one if not all three. About 75% of all the Retirement funds have some type of Oil Stock in them.
I expect I do Les, too bad the family that's trying to figure out how to put gas in the car to get to daycare and to their jobs and trying to afford food probably doesn't have an investment portfolio must less oil company stock in them.
While rising gas prices do have an effect on everything in the US (and Abroad). Conversely, your portfolio is also increasing in value do to the "Obscene Oil Company Profits".
Speaking of oil abroad, a Container from China last week was $4,000 per container...next week it will be $8,000 this week. Looks like WalMart will be "Rolling Forward" prices here real soon.
Ok, putting my soap box away. Last post on this BS.
Lets get back to talking about how essential Dealers are to custom knives.![]()
Hi Kevin,
Kevin, here are a couple of figures you might find interesting.
In 2006 Exxon made $39.5 Billion and paid $28 Billion in TAXES.
In 2007 Exxon made $40.6 Billion and paid $30 Billion in TAXES.
Guess who got all the tax money??
Hi Kevin,
BTW, Congress...so in tune with our needs....Knowing we are "suffering" at the pump. Last week proposed legislation to at a 10 Cent Tax to a Gallon of Gas last week. Thats right Congress wants to raise the price of gas even more.
Kevin, if you have a problem with the price of Gas...you are mad at the wrong group of people.