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Consumer confidence up

Yep gas at the pump is down.

But smart retailer know they better get there money soon before the first heating bills come in.

I thinking of moving south this winter-----like in southern hemisphere.
 
Originally posted by: Meuge
In other news, Oil/Natural gas CEO confidence waaaay up.
Click to expand...
Margins in other industries are much larger than oil and gas.
I think those CEO's are far more happy.
 
^ ?
It's not about margins, it's about gross profit. Show me another company that can do ~10B in pure profit (not revenue) per quarter.
Up >70% since last year. Show me a multi-billion-dollar company that can claim that kind of an improvement.

I'll save you the trouble... none, or very few at all (Walmart is a discussion for another time).

Don't jump up and down on my head and scream "liberal". Far from it... I am a realist.
 
I didn't label you a liberal or even begin to jump up and down.

Margins are what determine how *greedy* and competitive a company is. The widespread use of the product is a whole other topic of discussion; for the most part we are confined to fossil fuels and these industries give it to us at market rate.

I don't know how to produce or make oil...therefore i have to pay the going rate. Am I any worse off than anyone else in the world buy these commodities: no. Blaming profits for added product costs is a valid argument, but if you spread the profits across all consumers of the product, you get minimal difference in cost.

Call the profits excessive all you want...unfortunately you are off base with that comment.
 
Well, I am not saying the profits are "excessive". I am a capitalist, after all. What I don't like is that there is clearly an antitrust issue, being completely ignored by the government, whose ties to oil companies are also openly and illegally tight.
 
Originally posted by: Meuge
Well, I am not saying the profits are "excessive". I am a capitalist, after all. What I don't like is that there is clearly an antitrust issue, being completely ignored by the government, whose ties to oil companies are also openly and illegally tight.
Click to expand...



SO what margins should a oil company be allowed? Right now they are at 7-8%. How much lower should they be?

 
Originally posted by: charrison
Originally posted by: Meuge
Well, I am not saying the profits are "excessive". I am a capitalist, after all. What I don't like is that there is clearly an antitrust issue, being completely ignored by the government, whose ties to oil companies are also openly and illegally tight.
Click to expand...

SO what margins should a oil company be allowed? Right now they are at 7-8%. How much lower should they be?
Click to expand...

0 We should not be dependent on Oil at this point in time after 1973.
 
Originally posted by: dmcowen674
Originally posted by: charrison
Originally posted by: Meuge
Well, I am not saying the profits are "excessive". I am a capitalist, after all. What I don't like is that there is clearly an antitrust issue, being completely ignored by the government, whose ties to oil companies are also openly and illegally tight.
Click to expand...

SO what margins should a oil company be allowed? Right now they are at 7-8%. How much lower should they be?
Click to expand...

0 We should not be dependent on Oil at this point in time after 1973.
Click to expand...



And what should be using as an energy source?
 
Originally posted by: charrison
Originally posted by: Meuge
Well, I am not saying the profits are "excessive". I am a capitalist, after all. What I don't like is that there is clearly an antitrust issue, being completely ignored by the government, whose ties to oil companies are also openly and illegally tight.
Click to expand...
SO what margins should a oil company be allowed? Right now they are at 7-8%. How much lower should they be?
Click to expand...
Since he is a capitalist...the only fair profit margin is none. 🙂
 
Originally posted by: charrison
Originally posted by: dmcowen674
Originally posted by: charrison
Originally posted by: Meuge
Well, I am not saying the profits are "excessive". I am a capitalist, after all. What I don't like is that there is clearly an antitrust issue, being completely ignored by the government, whose ties to oil companies are also openly and illegally tight.
Click to expand...
SO what margins should a oil company be allowed? Right now they are at 7-8%. How much lower should they be?
Click to expand...
0 We should not be dependent on Oil at this point in time after 1973.
Click to expand...
And what should be using as an energy source?
Click to expand...
Hell, I want to know what his car runs on! 😱
 
Originally posted by: Stunt
Originally posted by: charrison
Originally posted by: dmcowen674
Originally posted by: charrison
Originally posted by: Meuge
Well, I am not saying the profits are "excessive". I am a capitalist, after all. What I don't like is that there is clearly an antitrust issue, being completely ignored by the government, whose ties to oil companies are also openly and illegally tight.
Click to expand...
SO what margins should a oil company be allowed? Right now they are at 7-8%. How much lower should they be?
Click to expand...
0 We should not be dependent on Oil at this point in time after 1973.
Click to expand...
And what should be using as an energy source?
Click to expand...
Hell, I want to know what his car runs on! 😱
Click to expand...

methane and hot air?
 
This is even with the major disasters we had to deal with, such as Katrina and other events. Its good news. Declining oil prices have helped too.

Major stores have had their sales boosted thanks to the day after Thanksgiving.
 
hell yeah my confidence is up!!!

my creditor just increased my line another whopping $2K just in time for the HOLIDAYS!

:roll:
 
Originally posted by: OrByte
hell yeah my confidence is up!!!

my creditor just increased my line another whopping $2K just in time for the HOLIDAYS!

:roll:
Click to expand...
Your net worth and credit rating must be better.

Both signs of a good economy 🙂
 
Originally posted by: Stunt
Originally posted by: OrByte
hell yeah my confidence is up!!!

my creditor just increased my line another whopping $2K just in time for the HOLIDAYS!

:roll:
Click to expand...
Your net worth and credit rating must be better.

Both signs of a good economy 🙂
Click to expand...
hehe and here I was contributing the increase to smarter money management 😛
 
Originally posted by: charrison
Originally posted by: dmcowen674
0 We should not be dependent on Oil at this point in time after 1973.
Click to expand...
And what should be using as an energy source?
Click to expand...

He has a point though. There is no reason why we have to use vehicles that are as inefficient as they are now. We could (not a supposition, but reality) get same horsepower from 1/2 the gas if only Detroid got off their asses.

The Islamic terrorist issue could be resolved in a year if the world just stops buying the oil from them.
 
Originally posted by: Stunt
Originally posted by: charrison
Originally posted by: Meuge
Well, I am not saying the profits are "excessive". I am a capitalist, after all. What I don't like is that there is clearly an antitrust issue, being completely ignored by the government, whose ties to oil companies are also openly and illegally tight.
Click to expand...
SO what margins should a oil company be allowed? Right now they are at 7-8%. How much lower should they be?
Click to expand...
Since he is a capitalist...the only fair profit margin is none. 🙂
Click to expand...

What's the trolling for?

Are you saying that it's OK for a company to pay off the politicians in order to increase profits through lack of regulation?

Laissez-faire capitalism has shown itself on several occasions to result in monumental economic failure... or even revolutions.
 
Originally posted by: Meuge
Originally posted by: charrison
Originally posted by: dmcowen674
0 We should not be dependent on Oil at this point in time after 1973.
Click to expand...
And what should be using as an energy source?
Click to expand...

He has a point though. There is no reason why we have to use vehicles that are as inefficient as they are now. We could (not a supposition, but reality) get same horsepower from 1/2 the gas if only Detroid got off their asses.

The Islamic terrorist issue could be resolved in a year if the world just stops buying the oil from them.
Click to expand...

And if you compare 1973 to today engines we are getting far more horsepower and mpg than 30 years ago. And it appears this gas spike is going to cause another round of very impressive mpg and horsepower gains.
 
Totally true.

I, for one, hoped for $5/gallon gas. Sure it would hurt me too, but not enough to offset the benefit of technological progress.
 
Originally posted by: Meuge
Originally posted by: charrison
Originally posted by: dmcowen674
0 We should not be dependent on Oil at this point in time after 1973.
Click to expand...
And what should be using as an energy source?
Click to expand...

He has a point though. There is no reason why we have to use vehicles that are as inefficient as they are now. We could (not a supposition, but reality) get same horsepower from 1/2 the gas if only Detroid got off their asses.

The Islamic terrorist issue could be resolved in a year if the world just stops buying the oil from them.
Click to expand...

Then don't use them.
 
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