http://www.msnbc.msn.com/id/28931011/
Not sure why its breaking news, but its plastered in bold on a red banner on MSNBC's home page.
Not sure why its breaking news, but its plastered in bold on a red banner on MSNBC's home page.
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BREAKING NEWS: Exxon Mobil shatters record with $45.2 billion annual profit despite oil-price plunge
- Thread starter akshatp
- Start date
Insomniator
Diamond Member
How dare a company that provides the entire world with energy make money! How dare they let me drive 500 miles for 30 bucks!!!!!
LegendKiller
Lifer
It won't go back there.
lupi
Lifer
Not really surprising since most of their sales probably was on pre-drop contracts and they've started selling off the remaining gas stations they owned which would boost profit margin.
if they want a real newsworthy headline they could paste up the one about wallstreet only giving out 18 billion in bonuses.....and this causing NYC to lose 1 billion in expected tax revenue; which means before they were handing out how many billions....
if they want a real newsworthy headline they could paste up the one about wallstreet only giving out 18 billion in bonuses.....and this causing NYC to lose 1 billion in expected tax revenue; which means before they were handing out how many billions....
MercenaryYoureFired
Senior member
I love how everyone is saying "OMG HOW DARE A BUSINESS MAKE MONEY" when not a single person was complaining that they were making money; more that it was a surprise they still managed to make so much. Really people, comprehend the material before posting your scripted thoughts every single fucking time any one person says "oil" and "money" in the same GD sentence.
The outrage over oil company profits isn't that difficult to understand especially so soon after $4+ per gallon prices on a commodity that everyone has to use with almost no alternative for many people. However that 40b is only about $150 per US resident and Exxon is just doing its job as a private business, earning money off sales.
The outrage should be directed at any corporation, organization or government branch that has interfered in some way with either cheap gas alternatives, improved fleet fuel efficiency for cars sold in the US or implementation of more efficient mass transit in the US. Exxon is most likely a culprit but you would also have to include every automobile manufacturer and just about every level of government in the US from federal all the way down to local, and many other companies and organizations. You would also have to include yourself if you haven't made every possible effort to carpool, drive fewer miles, drive the most fuel efficient vehicle etc.
It's a real tragedy how short sighted the US as a whole has been since the early 70's. People will whine and bitch and moan as soon as gas prices go back up over $4 per gallon which they absolutely will do, meanwhile 95%+ will have made very little effort if any to change their lifestyles or vote for candidates who will work to move the US economy away from its ridiculously unbalanced dependence on oil.
You reap what you sow.
The outrage should be directed at any corporation, organization or government branch that has interfered in some way with either cheap gas alternatives, improved fleet fuel efficiency for cars sold in the US or implementation of more efficient mass transit in the US. Exxon is most likely a culprit but you would also have to include every automobile manufacturer and just about every level of government in the US from federal all the way down to local, and many other companies and organizations. You would also have to include yourself if you haven't made every possible effort to carpool, drive fewer miles, drive the most fuel efficient vehicle etc.
It's a real tragedy how short sighted the US as a whole has been since the early 70's. People will whine and bitch and moan as soon as gas prices go back up over $4 per gallon which they absolutely will do, meanwhile 95%+ will have made very little effort if any to change their lifestyles or vote for candidates who will work to move the US economy away from its ridiculously unbalanced dependence on oil.
You reap what you sow.
CPA
Elite Member
Good for them, the federal government who will collect billions in taxes, the tens of thousands of their employees, the tens of thousands retirees who rely on their funded pension, the hundreds of thousands of businesses and their employees that rely on Exxon's continued existance, and the millions of shareholders who invested in the company.
I don't know if MSNBC had stuff about the stimulus package plastered on its site two days ago, but that was when it would have been relevant as breaking news. Perhaps MSNBC just chooses not to plaster news from days ago on their home page as breaking news? I guess it can't possibly be that simple.
moshquerade
No Lifer
damn right it sucks, when my portfolio took a big hit, and they're still rolling in it. it sucks for me.