Custom knife dealers- what do you expect?

What we are currently paying the oil companies for gas is price gouging.

Off topic. Kevin to put things in perspective. You are paying about $4 for a gallon. If I make that in metric liters it's about $1,06 (or €0,67) per liter. Over here in the Netherlands the gas price for a liter is €1,66. So I'm paying about €1 or $1,57 per liter more. Or in other words a gallon cost us $9,87. Most of that money, about 65%, goes to our government in taxes. Talking about gouging:barf::barf::mad::mad:

Marcel
 
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.
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.
 
Joss, I'm not even American and I find some of your sweeping generalizations bordering on the offensive. Ease up on the Ayn Rand sermons already.

Roger
 
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.

Joss communing 15-30 miles to work by bike :eek: :confused: I'm in excellent physical condition and would still no way commit to that. :)

I'm not going to continue this discussion as this is no place for it.
And as I consider you a friend, I would suggest you not either as you will sure not win or preserve any friendships by doing so. This is a very volatile subject in the US.
 
Last edited:
it's hard to ride a bike to work when you live in suburbia and have only freeways to ride on. The fallacy is in the infrastructure and the suburban mindset, which was in large part created by subsidized oil post WWII;)
 
It's too bad if there's a general 'blame the rich' mentality. Everyone would like to be in control of their lives in the way rich people are perceived to be.
I think there's a handful of 'beyond rich' corporations and individuals who've gotten what they've gotten through nefarious means. I choose to blame them.
But hey, that's my call. Everyone has a right to their opinions, eh?:)
 
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.
 
I will address this subject one more time as to not give wrong impressions.

First of all, I don't "blame the rich" and in most cases I respect them in that many acquired wealth by being innovators and pushing forward for the good of all.

Second, I'm ALL for and support the free market system except the rare intense when it's manipulated and plundered.
 
Hi Lorien,

The people who bitch the most are the same ones who won't get off their lazy butts and try to change things.

There were people left in New Orleans that wouldn't evacuate because they were afraid the Government wouldn't know where to send their welfare check to.

In the US...those filthy rich people, according to the IRS as of 2006, the top 1% ($388,060 or more per year) pay 40 percent of all income tax. The top 10% ($108,000 - $388,059) pay 31% of all income tax. The top 50% pay 97.1% of all income tax. The lower 50% ($50,000 or less) pay only 2.9% of all income tax.

Those who make $80,00 or less a year benefit far greater (percentage wise) than do those who pay for the majority of services our government provides than those whose taxes actually pay for these services.

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. :D

Nor should he have to. He played by the rules set forth by the IRS Code and became a Billionaire.
 
Last edited:
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. :D

Nor should he have to. He played by the rules set forth by the IRS Code and became a Billionaire.

I thought he said that she had a higher effective tax RATE, as a percentage. His total tax bill (in $$) was larger.
 
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.

First Les, Joss was speaking about a 9.3% NET profit, not gross. Quite a huge difference. Many companies survive on much less than 9% net.
I would hate guess what major Oil companies Gross Profit is before expensing all the billions they spend in lobby to support rising oil prices.

As far as bottled water goes, IMO it's another BIG scam so I get mine from the tap. Too bad I can't get gas from the tap. ;) :D :) Thus my grip with the oil companies as high priced fuel effects everyone, even if you don't drive.
 
Last edited:
Hi Kevin,


Second, I'm ALL for and support the free market system except the rare intense when it's manipulated and plundered

Still holding a grudge against "Big Oil" I see. Even with their puny 9.3% Profit Margin.

But you have no problem with the "Big Water". :D

Kevin, if California didn't have to have 23 different "Blends" of Gasoline, the democrats and the "environmentalist" hadn't pushed so hard for no drilling and the "Not In My Backyard (NIMB's as they called...primarily in Florida and California) groups and now Senator Ken Salazar (D-Colorado) trying to ban drilling and processing the Oil Shale in the Rocky Mountains.

Side Note, the US Military has adopted the utilization of Oil Shale to make the jet fuel that currently is in every military aircraft in the inventory. This means the US Military no longer relies on the Middle East for it's Fuel.

This is the same process that Senator Ken Salazar (D-Colorado) does not want utilized for the civilians in the US.

As Senator Obama (D-IL) said "I don't have a problem with $4 a gallon gas, I just wish it hadn't gotten there so fast."

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??

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.
 
Hi Reisn,

Exactly right. Mr. Buffett does pay more in tax each year....that's what happens when you make 2.5 Billion a year. Good problem to have.

An effective tax rate is taking more of her pay check that it was Mr. Buffett's.

Warren Buffett does not have a bi-weekly pay check like his secretary. This is why she works for him.
 
Hi Kevin,

Yes it is 9.3% NET. Aren't they entitled to a 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.

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. :D
 
(Since this thread derailed so long ago, I will add some more sidebar. :D )

My other full-time job is as a coach and equipment manager (Boatman) for a large rowing club. We have 100 youth athletes a day coming down in the Spring, Summer, and the Fall. We advise them ALL to drink water....

But... we have outlawed single-usage bottles at our site, no matter if you paid $2.00 or .20¢. The cost, waste, and environmental hazards (We did a river cleanup day and picked up 27 bags of trash in 1/4 mile. 80% of it is plastic bottles. Many from our site.)

What you are paying for is the transportation and shipping costs.

We suggest (and sell) reusable water bottles. Our tap water is tasty and free! :thumbup: It's not just a scam, but a bad idea in many places.

Back to the thread at hand....

Coop
 
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. :D

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??

Well call me old fashion or just plain silly, but I for one would rather have that 58 billion rebated at the pump rather than have Uncle Sam distribute it. ;)

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.

Don't worry Les, I don't give the oil compainies ALL the credit. ;)
 
Back
Top