oil companies$$$$

rosconey2

rosconey2

Joined
Jun 19, 2006
Messages
2,166
10 billion plus for exxon mobil for 1 quarter-
a few others made 7 billion plus-


but there is no colusion ,they are doing nothing wrong -my ass



the american economy is all but dead to those who make undr 50 grand a year because of the oil price's and the effect they have on everything we use-

but with a idiot oil man in the white house i dont expect any tax's(windfall) on the bastards who are getting rich while america dies-the least the oil companies could do is pay for iraq war-we went in so they could control the oil,the least they can do is pay - heck i think they should donate a few billion to the dead soldiers fund,so the people who lost kin in iraq dont have to suffer financially
 
Are you under the impression they don't pay taxes?

Which oil companies would you like to see pay extra on windfall profits, American companies or foreign? How are you going to collect on foreign? Will you just debilitate the American companies so the foreign buy them out and take over everything?

"For every complex problem, there is a solution that is simple, neat, and wrong."

-- H. L. Mencken
 
On every gallon of gas you buy 10 cents goes to profits to the oil companies. 10 cents. More than half goes to the arabs, a big chunk goes to refineries who have no competition because of current environmental policy, and the rest goes to your government as taxes. 10 cents profit. Thats compared to 54 cents your federal govt gets (your state govt gets a chunk too). So the feds get 5.4 times as much money as the oil companies from each gallon. Maybe we should build some more refineries huh. Oh I know, not in your back yard.

http://www.conocophillips.com/newsr...swers/oil_profits.htm#Make_on_a_gallon_of_gas

You sir, are simply not a capatolist. Tell me now about the evil pharmaceutal companies and how they are profit driven???

Haliburton did it... I know, I know.


Edited to add link and update my numbers.
 
Speaking of the pharma companies, I have worked for one. The amount of money it takes to develop and bring a drug to market is off the hook. FDA regulation is incredible, if you are in California you also have to meet FDB regulations and audits. Financial liability is gianormous as well. You have to pay for top notch scientists and engineers. Then, not all that long after you get a winner, the competition gets to release a generic version of it. The only viable option is to get while the getting is good, and it is reflected in the price of the drug. Unfortunate but true.

Although it is true that the oil companies are making record amounts of profit (and the #'s do seem obscene), like aproy1101 said, the gov makes more money per gallon off of it than they do.
 
What taxes are those, Esav?
Corporation 'taxes' are passed into the cost of doing business- in price for the consumer.

A windfall tax is a bad idea.

If we want cheaper gas, we must drill offshore, drill Anwar, and open more refineries.

I believe there is not enough competition in the oil business, however, it probably falls short of a 'monopoly'.


munk
 
Its a 3.3% profit. Is that unfair? Should we build more refineries, or what?

Lets see, crude oil recently traded at over 70 dollars a barrel. Did you know it costs less than 4 to get it into the barrel? Thats a 1750% markup.

Who is evil now? OOOh....OOOh, lemme help ya out. ARABS!!!!!!!!!!!!!!!!!!!!!
 
Where did you hear 3.3 profit, Andy? I've seen enough stock market pundits debate this to know the number is around 7 %, sill less than many other industries.

Ever wonder why a music CD costs 16 dollars?


munk
 
For the past few years, our oil friendly government has been encouraging oil cosumpution. They even went so far as to have tax breaks for companies that bought BIG SUVs.

Our average gas milage for cars and "trucks" is now worse than it was 20 years ago.

We have a gov't that is very friendly to oil - and it is not an accident.

If you think that gas prices are high right now, we haven't seen anything yet.

When I went shopping for a new vehicle about 1 1/2 years ago, the salesman at the Honda dealer said that gas could reach $3 per gallon. I thought that he was nuts. Looney, BONKERS.

I PAID $3.12 FOR REGULAR A COUPLE OF DAYS AGO.

PRETTY SOON, $3 GAS IS GOING TO LOOK CHEAP.
 
The website I quoted used 3$/gal as their example.

.10 = x% of 3

x = 3.3
 
There is a silver lining to the high gas price cloud. When the gas price is high alternative fuels can compete, so investment pours into their development. When it is low their development looses its funding. The reason we're still addicted to oil is because other sources of energy have never been able to compete in the USA.

Its capatolism. Still, the great criminal in the oil industry are the countries that are selling us our oil, NOT the oil companies.
 
Also, don't forget as you pay more for you energy you're actually giving most of our problematic enemies more cash. The problem is not the companies supplying and transporting the energy. The problem is us for using too much.

We should all say that in the mirror. THE PROBLEM IS ME......
 
I don't see any way around high gas prices beyond personally watching consumption and hopefully stoking the coals under the alt. fuels. I get so freaking sick of people from big cities using the "why don't they take public transportation?" excuse for those of that gripe about gas prices. BECAUSE WE CAN'T!!!! That's why:mad: I live in the third largest city in the state, and I would have to hoof it 4 miles to the bus stop. At that rate, I would only be 1.1 miles away from work when i got to said bus stop. Furthermore, like most of middle America, there are vast gulfs of land that no public bus travels between home and work. Now, I'm not an SUV fan. I think that they have their place, but not for soccer moms to drive while chatting on the cell phone, putting on lipstick, and weaving in and out of traffic at 80mph. My wife and I do our part to try to limit our gas consuption both for ourselves and the principle.
Personally, I don't have a huge problem with oil companies making a huge profit. That's capitalistic society. You can't unlease the beast, then when it's doing better than you are try to put it back in its cage. I think that there should be more competition between those in Big Oil. However, I don't see a monopoly. I think that if consumers really want to do something about Big Oil, then they should do it themselves and vote with their wallets. I know a lot of people use a lot of gas because they have do. BELIEVE ME, I know. We have 8 trucks drive all over 4 or 5 counties 7 days a week:eek: However, I can't stand those that gripe and moan from the captain's seat of their S.S. Guzz-a-lot H2's. However, plan your trips, don't make little pointless trips to the store because you are bored, if you can walk...walk. Chances are, you could use the exercise;)

Jake
 
If I lived in LA or any urban setting I'd buy the biggest vehicle I could. Big equals safe.

I live in the country and we need 4 wheel drive. That's a fact.

munk
 
The problem with the oil companies is that they are not properly taxed or regulated. In Canada we are an oil producing country, yet we have no control over prices and we end up paying world oil prices. What is happening here is that there is a shift in wealth with the tide favoring oil companies.

What Canada needs to do is put a domestic energy pricing policy in effect. This would effectively put a levy on the oil companies to redistribute wealth. The result would be prices that would be fair and non volatile. We pay about 125 a liter for gasoline (about 4.75- 5.00 a gallon) Less than ten years ago we payed 50 cents a liter or less which was already overpriced for the time.

To be fair for everyone a price of about 40 cents a liter would be a good target as most people could afford this. Right now people are borrowing and running up all kinds of personal dept due to price gouging at the pumps. I think if all oil producing nations set their domestic prices lower, and I mean radically lower to better reflect the true cost of oil, then the world oil prices probably would fall too.

Also too I think that oil consuming nations like the USA etc should ban together and form a pact that would force oil producers and the oil industry in general into compliance with pricing. Oil was only worth 10 dollars a barrel just a short while ago, and then we sat back as oil companies used every excuse possible to inflate prices.

If we let the current trend of oil prices go up it will lead to more economic and international instability. As people we need to get a grip on this global rip-off, but it will be a difficult uphill battle, and worse the longer its left like this.
 
Taxes won't help. They'll hurt. Companies pass on taxes. At least here in the States thats the case.
 
You cannot 'tax' or levy corporations. Why is this idea so popular? It does not work.

What is interesting about Canadian pharmacy, is that the Govt buys huge lots of the medicines from the US at a cheaper price- bulk price. The research and development is passed on to the American consumer.

We in effect, subsidize Canada.

When Governments get involved in price structure, it only gets worse.

Unrestrained capitalisim aint much better. 12 year olds working 16 hour shifts? It used to happen. Miners dying of black lung? You bet.

We are always between a rock and hard place. I actually do not believe there is any 'one' solution. I don't think any philosophy can address all the woes of reality.


munk
 
First, there is ALWAYS something people can do to lower their energy usage. Problem is we are so arrogant we don't even consider some options. And I'm not above it. I could commute to work but I don't..etc..

Taxing and tax breaks are not the answer. There's too much pork barrel. The consumer won't benifit enough to make a difference.

The solution is actually taking place. Oil prices must go up for alternative sources become viable. It would be great if Gov't would source money to these causes so we'd have a real solution faster, but look who's on top and where he made his fortune.
 
I'm weary of hearing about the energy crisis as a measure of our depravity.

A better definition of depravity, or arrogance, is the pretense Europe has that Islamic terror can be negotiated. That make SUV use a mild sin by comparison.

Here's a good one: if the social contract had not deteriorated, people could live in the inner cities and not drive to work. That's not possible. Inner cities are vile places no one would want to live in.

Alternative energy has not been viable. It does not matter how much money you pour into it. For a long time, battery technology was the limit. This is still partially true, isn't it?

There are things we could have done. The dual electric engine gas engine drive could have taken place years ago. Wind power is big in Montana- a huge project is being completed. Only time will tell if this is yet another tax write off debacle or actually viable.

I'm left in the unenviable position of believing no one; not the greens, not the oil companies.


munk
 
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