Exxon Mobil Posts Record Profits

[dug777]

At the end of the day, if you don't like it, stop buying it.

Nobody is holding a gun to your head and making you buy more and more at ever increasing prices

The reality is that oil (and gas) is getting dirtier, deeper, and harder to find, and astonishingly enough, the price is rising :Q

 

[slsmnaz]

Originally posted by: OrByte

Originally posted by: Specop 007
Everyone loves a free market, until they think they're getting screwed then they want .gov intervention.

Not that our market is really free anymore, but it is what it is.

Thankfully, no one is forcing you to use oil. Which really makes all the bitching so amusing. Ultimately, you CHOOSE to pay the price they ask for the product they produce. They certainly dont force you to use it.

that is a cop out.

if you don't use oil then you die. This isn't a free market, you said so yourself.

little extreme don't ya think?

 

[Specop 007]

Originally posted by: OrByte

Originally posted by: Specop 007
Everyone loves a free market, until they think they're getting screwed then they want .gov intervention.

Not that our market is really free anymore, but it is what it is.

Thankfully, no one is forcing you to use oil. Which really makes all the bitching so amusing. Ultimately, you CHOOSE to pay the price they ask for the product they produce. They certainly dont force you to use it.

that is a cop out.

if you don't use oil then you die. This isn't a free market, you said so yourself.

I DIE??

How do I die if I dont use oil??

 

[Specop 007]

Originally posted by: dug777
At the end of the day, if you don't like it, stop buying it.

Nobody is holding a gun to your head and making you buy more and more at ever increasing prices

The reality is that oil (and gas) is getting dirtier, deeper, and harder to find, and astonishingly enough, the price is rising :Q

Didnt you hear?
If you dont use oil you'll die!

 

[OrByte]

Originally posted by: Specop 007

Originally posted by: OrByte

Originally posted by: Specop 007
Everyone loves a free market, until they think they're getting screwed then they want .gov intervention.

Not that our market is really free anymore, but it is what it is.

Thankfully, no one is forcing you to use oil. Which really makes all the bitching so amusing. Ultimately, you CHOOSE to pay the price they ask for the product they produce. They certainly dont force you to use it.

that is a cop out.

if you don't use oil then you die. This isn't a free market, you said so yourself.

I DIE??

How do I die if I dont use oil??

my point is there are millions of people that use gas to heat their homes and drive to and from work to make a living. And it is those same people that do not have the resources to convert to an alternative energy source. Unless you want to pay to have peoples gas furnaces replaced by electric, or maybe have everyone trade in their cars for hybrids.

with so many in society skirting the poverty line it is stupid to think that we aren't locked into paying what the "free market" dictates when it comes to energy.

so when you say no one is forcing you to USE oil I say that is a big fvcking cop out.

 

[Throckmorton]

Originally posted by: dug777

Originally posted by: dainthomas

Originally posted by: Modeps
I thought they were raising prices because Oil costs were going up... boy am I naive!

They also pump the oil, so they don't buy it from anyone. Unless you count the peanuts they pay for drilling rights. It would be like you digging up a chunk of gold and selling it to someone. You'll make way more money now than ten years ago, for no extra work.

You clearly don't work in the industry

Have you any idea how much raw material and labour costs have risen recently?

Remember that they also pay royalties on that oil/gas.

I'm not going to pretend that they've hit hard times, but these projects require mindfscking amounts of investment and ongoing operating costs....

The royalties are very small

 

[dug777]

Originally posted by: Specop 007

Originally posted by: dug777
At the end of the day, if you don't like it, stop buying it.

Nobody is holding a gun to your head and making you buy more and more at ever increasing prices

The reality is that oil (and gas) is getting dirtier, deeper, and harder to find, and astonishingly enough, the price is rising :Q

Didnt you hear?
If you dont use oil you'll die!

The real world clearly doesn't intersect with those who believe that an resource that is increasingly expensive and difficult to extract and bring to market should remain at the same price indefinitely, or ideally get cheaper

 

[Xavier434]

Originally posted by: spidey07

Originally posted by: Xavier434

Originally posted by: spidey07
Gee, every company normally posts higher profits than the previous year.

That's the ENTIRE purpose. To make money and make more of it year over year. shocking. HOW DARE THEY! Those evil corporations being all corporationy.

This wouldn't be so bad if there were alternate fuel sources for our cars but there isn't.

Their profit margins are normal for any business. Any company would be stupid to willfully lose money. People just get caught up in the numbers and then mob mentality and paranoia takes over. It's sad really that this is so complicated for most people.

Business is in the business to make money.

There are also reasons why certain businesses like power companies are regulated by the government. I feel that these oil and gas companies should also be regulated considering that oil is relied on by nearly everyone just like power is. Laws for resources like this should not be relaxed in regards to how much profit is made unlike many other products. That's all I am saying.

 

[dug777]

Originally posted by: Throckmorton

Originally posted by: dug777

Originally posted by: dainthomas

Originally posted by: Modeps
I thought they were raising prices because Oil costs were going up... boy am I naive!

They also pump the oil, so they don't buy it from anyone. Unless you count the peanuts they pay for drilling rights. It would be like you digging up a chunk of gold and selling it to someone. You'll make way more money now than ten years ago, for no extra work.

You clearly don't work in the industry

Have you any idea how much raw material and labour costs have risen recently?

Remember that they also pay royalties on that oil/gas.

I'm not going to pretend that they've hit hard times, but these projects require mindfscking amounts of investment and ongoing operating costs....

The royalties are very small

Depends entirely on the jurisdiction.

 

[jpeyton]

Originally posted by: dug777
The reality is that oil (and gas) is getting dirtier, deeper, and harder to find, and astonishingly enough, the price is rising :Q

Production costs for video games are rising too. In the past decade, they've increased the MSRP by roughly 20%.

The cost of materials and labor for Toyota has increased too. The newest Camry has a base MSRP that is about 10% higher than a decade ago.

Those increases are expected with inflation.

Approximately what percentage has retail oil/gas increased in the past decade?

 

[Throckmorton]

Originally posted by: dug777

Originally posted by: Throckmorton

Originally posted by: dug777

Originally posted by: dainthomas

Originally posted by: Modeps
I thought they were raising prices because Oil costs were going up... boy am I naive!

They also pump the oil, so they don't buy it from anyone. Unless you count the peanuts they pay for drilling rights. It would be like you digging up a chunk of gold and selling it to someone. You'll make way more money now than ten years ago, for no extra work.

You clearly don't work in the industry

Have you any idea how much raw material and labour costs have risen recently?

Remember that they also pay royalties on that oil/gas.

I'm not going to pretend that they've hit hard times, but these projects require mindfscking amounts of investment and ongoing operating costs....

The royalties are very small

Depends entirely on the jurisdiction.

Well I know about Texas because I map the leases. The lessors get at MOST 2%, for oil they own under their land.

 

[dug777]

Originally posted by: jpeyton

Originally posted by: dug777
The reality is that oil (and gas) is getting dirtier, deeper, and harder to find, and astonishingly enough, the price is rising :Q

Production costs for video games are rising too. In the past decade, they've increased the MSRP by roughly 20%.

The cost of materials and labor for Toyota has increased too. The newest Camry has a base MSRP that is about 10% higher than a decade ago.

Those increases are expected with inflation.

Approximately what percentage has retail oil/gas increased in the past decade?

You tell me what labour and material costs have increased by for the offshore oil and gas industry in the same time, and particularly in the last few years

 

[Minjin]

As I always say when this topic comes up, if you truly believe that the oil companies are absolutely raping the consumer, then buy stock in those companies and share in it. The extra cost of gasoline is a pittance compared to a well chosen investment.

 

[mugs]

Originally posted by: jpeyton

Originally posted by: dug777
The reality is that oil (and gas) is getting dirtier, deeper, and harder to find, and astonishingly enough, the price is rising :Q

Production costs for video games are rising too. In the past decade, they've increased the MSRP by roughly 20%.

The cost of materials and labor for Toyota has increased too. The newest Camry has a base MSRP that is about 10% higher than a decade ago.

Those increases are expected with inflation.

Approximately what percentage has retail oil/gas increased in the past decade?

Even with prices as high as they are, we still account for a disproportionate amount of the world's energy usage. Exxon Mobil should take all the profit that we'll give them.

 

[Homerboy]

Originally posted by: Specop 007
Everyone loves a free market, until they think they're getting screwed then they want .gov intervention.

Not that our market is really free anymore, but it is what it is.

Thankfully, no one is forcing you to use oil. Which really makes all the bitching so amusing. Ultimately, you CHOOSE to pay the price they ask for the product they produce. They certainly dont force you to use it.

No I don't "choose". I don't use much gasoline AT ALL. $20 a week on the high end.
However I DO eat, drink and use my heat in my house. It costs the producers of my food more money to ship it to my grocery store because it costs more in the gas pumps for them. It costs the grocery store more to keep my milk cold because now their electric bill has gone up too.

ITS NOT JUST THE GAS PUMPS FOR MY MINIVAN!

 

[dug777]

Originally posted by: Throckmorton

Originally posted by: dug777

Originally posted by: Throckmorton

Originally posted by: dug777

Originally posted by: dainthomas

Originally posted by: Modeps
I thought they were raising prices because Oil costs were going up... boy am I naive!

They also pump the oil, so they don't buy it from anyone. Unless you count the peanuts they pay for drilling rights. It would be like you digging up a chunk of gold and selling it to someone. You'll make way more money now than ten years ago, for no extra work.

You clearly don't work in the industry

Have you any idea how much raw material and labour costs have risen recently?

Remember that they also pay royalties on that oil/gas.

I'm not going to pretend that they've hit hard times, but these projects require mindfscking amounts of investment and ongoing operating costs....

The royalties are very small

Depends entirely on the jurisdiction.

Well I know about Texas because I map the leases. The lessors get at MOST 2%, for oil they own under their land.

http://www.industry.gov.au/con...-4DED-B1667CC766651FA7

 

[Homerboy]

Originally posted by: dug777

Originally posted by: Throckmorton

Originally posted by: dug777

Originally posted by: Throckmorton

Originally posted by: dug777

Originally posted by: dainthomas

Originally posted by: Modeps
I thought they were raising prices because Oil costs were going up... boy am I naive!

They also pump the oil, so they don't buy it from anyone. Unless you count the peanuts they pay for drilling rights. It would be like you digging up a chunk of gold and selling it to someone. You'll make way more money now than ten years ago, for no extra work.

You clearly don't work in the industry

Have you any idea how much raw material and labour costs have risen recently?

Remember that they also pay royalties on that oil/gas.

I'm not going to pretend that they've hit hard times, but these projects require mindfscking amounts of investment and ongoing operating costs....

The royalties are very small

Depends entirely on the jurisdiction.

Well I know about Texas because I map the leases. The lessors get at MOST 2%, for oil they own under their land.

http://www.industry.gov.au/con...-4DED-B1667CC766651FA7

Even with costs and expenses rising etc etc, they are still making a profit of $75k PER MINUTE. that profit is made on the backs of every American who has to drive to get to their job or eat food from a grocery store, or buy clothes for their children.

 

[Specop 007]

Originally posted by: OrByte

Originally posted by: Specop 007

Originally posted by: OrByte

Originally posted by: Specop 007
Everyone loves a free market, until they think they're getting screwed then they want .gov intervention.

Not that our market is really free anymore, but it is what it is.

Thankfully, no one is forcing you to use oil. Which really makes all the bitching so amusing. Ultimately, you CHOOSE to pay the price they ask for the product they produce. They certainly dont force you to use it.

that is a cop out.

if you don't use oil then you die. This isn't a free market, you said so yourself.

I DIE??

How do I die if I dont use oil??

my point is there are millions of people that use gas to heat their homes and drive to and from work to make a living. And it is those same people that do not have the resources to convert to an alternative energy source. Unless you want to pay to have peoples gas furnaces replaced by electric, or maybe have everyone trade in their cars for hybrids.

with so many in society skirting the poverty line it is stupid to think that we aren't locked into paying what the "free market" dictates when it comes to energy.

so when you say no one is forcing you to USE oil I say that is a big fvcking cop out.

Wow, they cant afford to switch? I guess they will really be up shit creek without a paddle when the current car / furnace dies wont they? If they cant afford to replace it now they probably wont be able to replace it in the future will they.....

So no, its not a cop out. Options are always available. You cant honestly say they simply cannot afford to switch now, otherwise what in the name of Christ are they gonna do when the furnace or car they have now quits working? Go without heat or a car? No, they will replace it......

 

[Phokus]

Originally posted by: Specop 007
Everyone loves a free market, until they think they're getting screwed then they want .gov intervention.

Not that our market is really free anymore, but it is what it is.

Thankfully, no one is forcing you to use oil. Which really makes all the bitching so amusing. Ultimately, you CHOOSE to pay the price they ask for the product they produce. They certainly dont force you to use it.

Considering oil is a fairly inelastic good, you pretty much are forced to some degree to purchase their product, no matter the price.

 

[Dacalo]

Originally posted by: Beev
Supply and demand. As much as it pisses me off to see gas at $3, I would do the same thing if I were the oil companies.

More like oligopoly. Gasoline really isn't a free market.

 

[moshquerade]

Now... now... that is so deceiving. Those "profits" are being used to build and update refineries and invest in new drilling sites and research. They aren't using that money to give their big guns huge bonuses or anything silly like that.

 

[spidey07]

Originally posted by: Homerboy

Originally posted by: Specop 007
Everyone loves a free market, until they think they're getting screwed then they want .gov intervention.

Not that our market is really free anymore, but it is what it is.

Thankfully, no one is forcing you to use oil. Which really makes all the bitching so amusing. Ultimately, you CHOOSE to pay the price they ask for the product they produce. They certainly dont force you to use it.

No I don't "choose". I don't use much gasoline AT ALL. $20 a week on the high end.
However I DO eat, drink and use my heat in my house. It costs the producers of my food more money to ship it to my grocery store because it costs more in the gas pumps for them. It costs the grocery store more to keep my milk cold because now their electric bill has gone up too.

ITS NOT JUST THE GAS PUMPS FOR MY MINIVAN!

And it costs the oil/gas companies more for a unit of oil. SHOCKING!

Tell you what, let's get the government involed so that the oil companies go out of business because of regulation and the inability of said regulations to quickly adapt to changing world prices.

Then you'll have no food, no nothing. brilliant! No gas because it isn't profitable for anybody to make it for you. Brilliant!

 

[loup garou]

Originally posted by: Ktulu

Originally posted by: loup garou

Originally posted by: M0R0NI
I really wish one of those companies would invest some of those profits into alternative fuels. But I know they just want to shower in it instead.

Shell and BP sure do.
Exxon, they're just in it for the here and now profit, though. Evidenced by this news.

Exxon develops new battery technology for hybrid use.

That's extremely limited compared to what other energy companies are doing -- Rex Tillerson has made it a point to focus on what they do best -- oil and other petroleum products.
Text

Originally posted by: Minjin
As I always say when this topic comes up, if you truly believe that the oil companies are absolutely raping the consumer, then buy stock in those companies and share in it. The extra cost of gasoline is a pittance compared to a well chosen investment.

EXACTLY!

 

[spidey07]

Originally posted by: Homerboy

Even with costs and expenses rising etc etc, they are still making a profit of $75k PER MINUTE. that profit is made on the backs of every American who has to drive to get to their job or eat food from a grocery store, or buy clothes for their children.

What the hell does profit per minute have anything to do with anything?

freaking communists.

 

[Xavier434]

Originally posted by: spidey07

Originally posted by: Homerboy

Originally posted by: Specop 007
Everyone loves a free market, until they think they're getting screwed then they want .gov intervention.

Not that our market is really free anymore, but it is what it is.

Thankfully, no one is forcing you to use oil. Which really makes all the bitching so amusing. Ultimately, you CHOOSE to pay the price they ask for the product they produce. They certainly dont force you to use it.

No I don't "choose". I don't use much gasoline AT ALL. $20 a week on the high end.
However I DO eat, drink and use my heat in my house. It costs the producers of my food more money to ship it to my grocery store because it costs more in the gas pumps for them. It costs the grocery store more to keep my milk cold because now their electric bill has gone up too.

ITS NOT JUST THE GAS PUMPS FOR MY MINIVAN!

And it costs the oil/gas companies more for a unit of oil. SHOCKING!

Tell you what, let's get the government involed so that the oil companies go out of business because of regulation and the inability of said regulations to quickly adapt to changing world prices.

Then you'll have no food, no nothing. brilliant! No gas because it isn't profitable for anybody to make it for you. Brilliant!

That won't happen if it is regulated properly just like we don't run out of power when the government properly regulates the power companies.