Exxon: near record profits

[slsmnaz]

Originally posted by: fitzov

Originally posted by: slsmnaz

Originally posted by: CalvinHobbes

Originally posted by: Amused
The most amazing thing here (besides the blatant ignorance of how the market works) is that so many people feel they are entitled to a company's product.

You are not. If Exxon's (and the other oil companies) profits disgust you, stop buying their product. Contrary to popular opinion you do NOT need gasoline. You do NOT need to live miles from work and you do NOT need to drive everywhere.

Maybe the water/sewer service should start costing $200 a month for everyone. Electricity should be $600 a month. We don't need either, it's just nice to have. It makes me sick when people say, they're a corporation, they need to make money. So is every other business yet they're not taking advantage of the situation.

Capitalism. Don't like it, don't buy it. It's what makes the US what it is. Ride the bus, get a bike or *gasp* walk.

I don't hear anyone in Congress advocating lowering the tax on gas to help out. It's easier to blame the big. bad corporations. Exxon is not setting the price, it's reacting to it. The speculators are driving it through the roof.

All the tree-huggers also need to stop complaining and let the US tap into its own oil.

Don't like it don't buy it? There's a real subtle distinction that is being missed here--between necessities and luxuries. (e.g. food, fuel, and housing)

It's true, though, that fuel, tobacco, and alcohol are big money makers for the govt.

As for the tree-huggers, well, we feel better advocating for alternative energy rather than continued dependence on fossil-fuel (at least for myself, I probably don't speak for all tree-huggers).

I am also for finding alternative fuels. However, my comment was directed at those who speak out of both sides of their mouth by complaining about gas prices yet fight against the US using it's own land and resources to combat it.

Everyone argees that alternative fuels are years off. The question is whether we will accept these prices until the technology is available. If we could combine relief with our own fuels and continue searching for effective alternatives then everyone wins. Unfortunately I don't see that as possible. These prices are a badly needed wake-up call for the American people.

 

[Linflas]

Originally posted by: fitzov
Face it folks. While you might be able to explain the profits in some wacky way without discussing the cost at the pump, the average joe on the street sees them as directly linked and is pissed about it.

People aren't about to start at home businesses or work at the local grocery store because fuel is too expensive.

They must not be too pissed because they haven't changed their habits in response to the prices so far.

 

[AkumaX]

Originally posted by: chambersc

Originally posted by: jlbenedict

Originally posted by: chambersc

Originally posted by: jlbenedict
Gas is a necessity.. sorry, but it is.

Our country depends on it. If I was to flip and switch, and *poof* no more gas, this country would be in chaos..

You people that scream "Move closer to work".. or, 'You don't need gas":

Do you fvcking fail to realize the United States is over 3000 miles wide, and besides the few hundred major, large cities, it is fairly scattered out. I guess the entire population all needs to move to the major cities right? Yeah.. that will solve everything.. Then you'll have:

1) Population Crowding
2) No Housing
3) Even more increasing housing costs
4) More unemployment
5) Public transportation will cost more
5) Roads will go to $hit..more traffic
6) More homeless
and so on and so on....

"Move Closer To Work" and "You Don't Need Gas" comments are beyond absurd, its hard for me to even think of how you could come up with some a thing.. that reasoning is flawed and is more full of $hit than a cow pasture on a hot summer day.

the only necessities in life are food, water, and shelter. where does "gasoline" fall into that equation?

Is food going to deliver itelf to the grocery store for you? I guess telepathic delivery methods are the wave of the future..

Have you lost all ability to get said food from the store via your feet/hands?

what he's saying is how is food going to get to the grocery store? i think all those big trucker guys don't need a 3,000cu feet container, they can just haul it on their backs and walk it to the supermarket for us...

 

[slsmnaz]

Originally posted by: AkumaX

Originally posted by: chambersc

Originally posted by: jlbenedict

Originally posted by: chambersc

Originally posted by: jlbenedict
Gas is a necessity.. sorry, but it is.

Our country depends on it. If I was to flip and switch, and *poof* no more gas, this country would be in chaos..

You people that scream "Move closer to work".. or, 'You don't need gas":

Do you fvcking fail to realize the United States is over 3000 miles wide, and besides the few hundred major, large cities, it is fairly scattered out. I guess the entire population all needs to move to the major cities right? Yeah.. that will solve everything.. Then you'll have:

1) Population Crowding
2) No Housing
3) Even more increasing housing costs
4) More unemployment
5) Public transportation will cost more
5) Roads will go to $hit..more traffic
6) More homeless
and so on and so on....

"Move Closer To Work" and "You Don't Need Gas" comments are beyond absurd, its hard for me to even think of how you could come up with some a thing.. that reasoning is flawed and is more full of $hit than a cow pasture on a hot summer day.

the only necessities in life are food, water, and shelter. where does "gasoline" fall into that equation?

Is food going to deliver itelf to the grocery store for you? I guess telepathic delivery methods are the wave of the future..

Have you lost all ability to get said food from the store via your feet/hands?

what he's saying is how is food going to get to the grocery store? i think all those big trucker guys don't need a 3,000cu feet container, they can just haul it on their backs and walk it to the supermarket for us...

Or you get a shovel and learn where food comes from. It doesn't come from the grocery store.

 

[jlbenedict]

Originally posted by: AkumaX

Originally posted by: chambersc

Originally posted by: jlbenedict

Originally posted by: chambersc

Originally posted by: jlbenedict
Gas is a necessity.. sorry, but it is.

Our country depends on it. If I was to flip and switch, and *poof* no more gas, this country would be in chaos..

You people that scream "Move closer to work".. or, 'You don't need gas":

Do you fvcking fail to realize the United States is over 3000 miles wide, and besides the few hundred major, large cities, it is fairly scattered out. I guess the entire population all needs to move to the major cities right? Yeah.. that will solve everything.. Then you'll have:

1) Population Crowding
2) No Housing
3) Even more increasing housing costs
4) More unemployment
5) Public transportation will cost more
5) Roads will go to $hit..more traffic
6) More homeless
and so on and so on....

"Move Closer To Work" and "You Don't Need Gas" comments are beyond absurd, its hard for me to even think of how you could come up with some a thing.. that reasoning is flawed and is more full of $hit than a cow pasture on a hot summer day.

the only necessities in life are food, water, and shelter. where does "gasoline" fall into that equation?

Is food going to deliver itelf to the grocery store for you? I guess telepathic delivery methods are the wave of the future..

Have you lost all ability to get said food from the store via your feet/hands?

what he's saying is how is food going to get to the grocery store? i think all those big trucker guys don't need a 3,000cu feet container, they can just haul it on their backs and walk it to the supermarket for us...

Exactly... fuel drives our nation.. its not just about the $3.00 per gallon that you have to pay to fill your car up.. its so much more than that..
It effects everything; damn near everything.
Its just something everyone will have to endure until alternative energy sources become a little more priority.

 

[DingDingDao]

Originally posted by: JackBurton

Originally posted by: DingDingDao

Originally posted by: JackBurton

Originally posted by: QED

Originally posted by: JackBurton

Originally posted by: JS80
Exxon profit margin is 11%. Adobe's profit margin is 23%. I think Adobe's gouging more than Exxon.

FYI for you financial noobs it means for every $1 in gas you buy Exxon only makes 11 cents. On the other hand Adobe makes 23 cents.

Are you freakin' being serious with that statement? Gas is something EVERYONE uses and has to have. If everyone NEEDED a copy of Acrobat every week then I'd consider your comparison valid.

Sorry, you don't NEED gas.

It sure makes life very convenient, but you don't need it... so please stop saying it as though it were true.

How about this, oil is right below food and water now. Adobe is waaaaaaaaaaaaaaay below that.

If Exxon decided to become the world's largest non-profit and sold their product at $2.70 instead of $3.00, would that make you shut your trap about oil companies and their profit? Didn't think so. You'd still be complaining like millions of other people in this country who haven't the slightest idea about how expensive it is to go and find a fossil fuel buried thousands of feet underground, pump it out, transport it halfway around the world (thank the environmentalist lobby in this country for that), refine it, and then deliver it to millions of different locations all over this country so that you don't have to go more than 35 feet to find a gas station. You really need to stop feeling entitled to gasoline. Driving a car is not a constitutional right--it's a privilege. If you can't afford gasoline, you don't get to drive. Similarly, if you can't afford a car, you can't drive. Should we be complaining about Toyota and their profit line too?

Please cut the bullsh!t. In less than ONE YEAR gas pretty much doubled. Are you gonna tell me all of a sudden demand shot up by twice as much overnight? Never in the history of oil (at least for the last 30 years) have I ever seen anything like that. What you've listed above is something oil companies have been doing for years. So why the spike? Something crazy must have happened to cause this increase. And none of the explanations pan out.

Sorry about the late reply (can't sit at the computer ALL night ), but I feel this should be addressed.

The price of gasoline is determined by a number of factors, all of which have contributed to the current high price level of gasoline.

1) Price per barrel of crude oil - this number is determined in large part by OPEC, which is something the oil companies have no control of. If the price of crude oil is high (which it is), gasoline is going to be more expensive. Is this surprising given the current state of affairs in the middle east? I hardly think so.

2) Exploration cost - finding deposits of crude oil buried thousands of feet underground is no easy undertaking. Forget what you saw in history books, where Texans in the 1900s just stuck a pipe in the ground and found gushers everywhere they looked. Finding crude oil these days is a highly sophisticated (and expensive) undertaking requiring expertise in seismology, geology, and geophysics (and those experts, i.e. Ph.Ds, have to be paid).

3) Production cost - current new sources of crude oil are being located in more and more difficult-to-access locations, particularly off-shore. It's not cheap to build an off-shore drilling rig (think hundreds of millions to billions of dollars in construction and overhead maintenance). In addition to this, crude oil is being extracted from places previously inaccessible, due to depth, sediment composition, etc. etc. Doing this requires extensive research and development--also very expensive.

4) Inaccessibility - there is an exceedingly large amount of crude oil in North America - particularly in Canada and the Gulf of Mexico. Why is it that we can't access these deposits? It's prevented by the environmentalist lobby leaning on the governments of these countries, making it extremely expensive (or impossible) to drill in these locations.

5) Something crazy had to have happened to cause this increase - Are you kidding me? Our government is doing its darndest to recreate the Vietnam War in Iraq, the middle east is in turmoil, consumer consumption of gasoline is at an all-time high, and you're seriously wondering what's causing the increase in gas prices?

 

[chambersc]

Originally posted by: AkumaX

Originally posted by: chambersc

Originally posted by: jlbenedict

Originally posted by: chambersc

Originally posted by: jlbenedict
Gas is a necessity.. sorry, but it is.

Our country depends on it. If I was to flip and switch, and *poof* no more gas, this country would be in chaos..

You people that scream "Move closer to work".. or, 'You don't need gas":

Do you fvcking fail to realize the United States is over 3000 miles wide, and besides the few hundred major, large cities, it is fairly scattered out. I guess the entire population all needs to move to the major cities right? Yeah.. that will solve everything.. Then you'll have:

1) Population Crowding
2) No Housing
3) Even more increasing housing costs
4) More unemployment
5) Public transportation will cost more
5) Roads will go to $hit..more traffic
6) More homeless
and so on and so on....

"Move Closer To Work" and "You Don't Need Gas" comments are beyond absurd, its hard for me to even think of how you could come up with some a thing.. that reasoning is flawed and is more full of $hit than a cow pasture on a hot summer day.

the only necessities in life are food, water, and shelter. where does "gasoline" fall into that equation?

Is food going to deliver itelf to the grocery store for you? I guess telepathic delivery methods are the wave of the future..

Have you lost all ability to get said food from the store via your feet/hands?

what he's saying is how is food going to get to the grocery store? i think all those big trucker guys don't need a 3,000cu feet container, they can just haul it on their backs and walk it to the supermarket for us...

well, once again I go back to the three necessities. Where does the grocery store fall into this? Where do big truckers fall into this? Read up on "sustenance farming." Everything else is a personal choice -- one CHOOSES to live a higher quality of life than what is necessary to live comfortably. Therefore, gasoline is a choice and, like all choices, is capable of being axed at any moment.

 

[AkumaX]

Originally posted by: chambersc

Originally posted by: AkumaX

Originally posted by: chambersc

Originally posted by: jlbenedict

Originally posted by: chambersc

Originally posted by: jlbenedict
Gas is a necessity.. sorry, but it is.

Our country depends on it. If I was to flip and switch, and *poof* no more gas, this country would be in chaos..

You people that scream "Move closer to work".. or, 'You don't need gas":

Do you fvcking fail to realize the United States is over 3000 miles wide, and besides the few hundred major, large cities, it is fairly scattered out. I guess the entire population all needs to move to the major cities right? Yeah.. that will solve everything.. Then you'll have:

1) Population Crowding
2) No Housing
3) Even more increasing housing costs
4) More unemployment
5) Public transportation will cost more
5) Roads will go to $hit..more traffic
6) More homeless
and so on and so on....

"Move Closer To Work" and "You Don't Need Gas" comments are beyond absurd, its hard for me to even think of how you could come up with some a thing.. that reasoning is flawed and is more full of $hit than a cow pasture on a hot summer day.

the only necessities in life are food, water, and shelter. where does "gasoline" fall into that equation?

Is food going to deliver itelf to the grocery store for you? I guess telepathic delivery methods are the wave of the future..

Have you lost all ability to get said food from the store via your feet/hands?

what he's saying is how is food going to get to the grocery store? i think all those big trucker guys don't need a 3,000cu feet container, they can just haul it on their backs and walk it to the supermarket for us...

well, once again I go back to the three necessities. Where does the grocery store fall into this? Where do big truckers fall into this? Read up on "sustenance farming." Everything else is a personal choice -- one CHOOSES to live a higher quality of life than what is necessary to live comfortably. Therefore, gasoline is a choice and, like all choices, is capable of being axed at any moment.

you've got to be kidding me... you're willing to go back to a lifestyle where we all live on farms, cities don't exist, and we have to sh!t on our crops for manure? btw, where would we find the seeds for such crops, tools to harvest it, and a means to cook it :roll:

 

[gsellis]

errr... you folks are missing the fact that China and India have significantly increased their demand for oil. Supply is about the same, demand increases => Price increases. Then stir in a bunch of pansy traders (I hate 'em as commodity traders have no contact with reality - who traders determine price is a special tirade for another thread/book).

Sidenote - our own Beltway folks seem to think that you can only make alcohol from corn (some grower orgs act as badly as unions).

 

[cKGunslinger]

Originally posted by: Acanthus

Originally posted by: slsmnaz

Originally posted by: virtualgames0
How the fvck does me thinking price gouging is wrong have to do with me thinking I'm entitled to gas?
You want to know the evidence to price gouging? Oil companies making record profits is a good sign of price gouging.
And don't give me the.. they deserve it bullshit.
They fvcking make more than IBM.

Price gouging is not happening. There is a difference between record profit dollars and record profit margins. Don't let the big numbers scare you. Exxon is making dollars not margins. It would be both if there was gouging taking place.

As stated before in this thread, there are many other companies in the US making margins that are 2 or 3 times what Exxon is achieving. The big numbers are causing panic when they shouldn't.

Its quite alright that Exxon made $1318 a second last quarter?

See, that why you guys lose all credibiity - you have no valid issue, other than jealously or outrage over numbers.

"ZOMG! They make so much money. I can't fathom such a thing. They must be bad! *rabble, rabble*"

 

[fitzov]

Originally posted by: Linflas

Originally posted by: fitzov
Face it folks. While you might be able to explain the profits in some wacky way without discussing the cost at the pump, the average joe on the street sees them as directly linked and is pissed about it.

People aren't about to start at home businesses or work at the local grocery store because fuel is too expensive.

They must not be too pissed because they haven't changed their habits in response to the prices so far.

That only points toward fuel being a necessity. Thanks for playing.

 

[gsellis]

Originally posted by: fitzov

Originally posted by: Linflas

Originally posted by: fitzov
Face it folks. While you might be able to explain the profits in some wacky way without discussing the cost at the pump, the average joe on the street sees them as directly linked and is pissed about it.

People aren't about to start at home businesses or work at the local grocery store because fuel is too expensive.

They must not be too pissed because they haven't changed their habits in response to the prices so far.

That only points toward fuel being a necessity. Thanks for playing.

Actually, a bunch have changed their habits and it annoys the heck out of me. We used to get home easily using the HOV lane. NOW, it is worse than the SOV lanes some days.

 

[slsmnaz]

Originally posted by: fitzov

Originally posted by: Linflas

Originally posted by: fitzov
Face it folks. While you might be able to explain the profits in some wacky way without discussing the cost at the pump, the average joe on the street sees them as directly linked and is pissed about it.

People aren't about to start at home businesses or work at the local grocery store because fuel is too expensive.

They must not be too pissed because they haven't changed their habits in response to the prices so far.

That only points toward fuel being a necessity. Thanks for playing.

I view a necessity as something you couldn't live without if it was removed. If gas is removed from ones life, you will not die. It's a choice.

 

[brandonbull]

Originally posted by: Amused
The most amazing thing here (besides the blatant ignorance of how the market works) is that so many people feel they are entitled to a company's product.

You are not. If Exxon's (and the other oil companies) profits disgust you, stop buying their product. Contrary to popular opinion you do NOT need gasoline. You do NOT need to live miles from work and you do NOT need to drive everywhere.

You're right. I don't need to use any product made from petrolium. So does that mean I can buy products at a cheaper price because I reject the use of oil and they need to discount that item or service? Too bad almost everthing has the usage of oil associated with it.

 

[brandonbull]

Originally posted by: slsmnaz

Originally posted by: CalvinHobbes

Originally posted by: Amused
The most amazing thing here (besides the blatant ignorance of how the market works) is that so many people feel they are entitled to a company's product.

You are not. If Exxon's (and the other oil companies) profits disgust you, stop buying their product. Contrary to popular opinion you do NOT need gasoline. You do NOT need to live miles from work and you do NOT need to drive everywhere.

Maybe the water/sewer service should start costing $200 a month for everyone. Electricity should be $600 a month. We don't need either, it's just nice to have. It makes me sick when people say, they're a corporation, they need to make money. So is every other business yet they're not taking advantage of the situation.

Capitalism. Don't like it, don't buy it. It's what makes the US what it is. Ride the bus, get a bike or *gasp* walk.

I don't hear anyone in Congress advocating lowering the tax on gas to help out. It's easier to blame the big. bad corporations. Exxon is not setting the price, it's reacting to it. The speculators are driving it through the roof.

All the tree-huggers also need to stop complaining and let the US tap into its own oil.

Getting into the oil business may be a little hard for most people. How many businesses can pass along 100% of the increase of oil in their pricing to customers?

 

[slsmnaz]

Originally posted by: brandonbull

Originally posted by: slsmnaz

Originally posted by: CalvinHobbes

Originally posted by: Amused
The most amazing thing here (besides the blatant ignorance of how the market works) is that so many people feel they are entitled to a company's product.

You are not. If Exxon's (and the other oil companies) profits disgust you, stop buying their product. Contrary to popular opinion you do NOT need gasoline. You do NOT need to live miles from work and you do NOT need to drive everywhere.

Maybe the water/sewer service should start costing $200 a month for everyone. Electricity should be $600 a month. We don't need either, it's just nice to have. It makes me sick when people say, they're a corporation, they need to make money. So is every other business yet they're not taking advantage of the situation.

Capitalism. Don't like it, don't buy it. It's what makes the US what it is. Ride the bus, get a bike or *gasp* walk.

I don't hear anyone in Congress advocating lowering the tax on gas to help out. It's easier to blame the big. bad corporations. Exxon is not setting the price, it's reacting to it. The speculators are driving it through the roof.

All the tree-huggers also need to stop complaining and let the US tap into its own oil.

Getting into the oil business may be a little hard for most people. How many businesses can pass along 100% of the increase of oil in their pricing to customers?

100% of the smart ones. I see it done every single day.

 

[brandonbull]

Originally posted by: everman
I can't believe how many people can't understand the concept of profit margins. Yes revenues and profits are high, but margins are well below many many other companies. Suddenly a lot of people are sounding like communists when this discussion comes up in the news.

How does their profit margin compare with other companies that sell items required for daily lift. I would love to see some around here try life without using products or services made from or with oil

 

[SampSon]

The number of entitlement driven morons in this thread is amazing, well mabey not. It appears that slsmnaz and Amused are the only ones with a strong grasp on reality who are willing to try and make people understand something in this thread. I cant' even begin to name off the people in this thread who have no clue what they are talking about, and then make counterpoints to their idiotic "arguments".

Simply stated, you have no right to gasoline or any other companies product. No matter how much you NEED it, you have no god given right to have it, end of story.

Even after a lot of decent information in this thread many of you still fail to understand the economics surrounding oil production/sale. All of the arguments decrying high fuel costs and record oil profits all fall apart when you gain even the most elementary understanding of oil economics. Though I'm sure the vast majority of you would still believe the swill that spews from your collective mouths even if you DID understand.

When will you whiney little pukes realize that you have it GREAT living in this country. You most likely make more than 90% of the rest of the planet, just about everything is cheap and VERY readily available. None of you are living in poverty, you're on the fvcking internet for christs sake. Just give it up and stop whining.

I for one hate paying more for something just like everyone else, but guess what, that's part of life, fvcking deal with it.

 

[chambersc]

I actually wrote a 9 page (double spaced) paper in this subject for my class from the spring semester. In it are statistics and such. If you care to read it, PM me. It's very informative.

 

[brandonbull]

Originally posted by: slsmnaz

Originally posted by: AkumaX

Originally posted by: chambersc

Originally posted by: jlbenedict

Originally posted by: chambersc

Originally posted by: jlbenedict
Gas is a necessity.. sorry, but it is.

Our country depends on it. If I was to flip and switch, and *poof* no more gas, this country would be in chaos..

You people that scream "Move closer to work".. or, 'You don't need gas":

Do you fvcking fail to realize the United States is over 3000 miles wide, and besides the few hundred major, large cities, it is fairly scattered out. I guess the entire population all needs to move to the major cities right? Yeah.. that will solve everything.. Then you'll have:

1) Population Crowding
2) No Housing
3) Even more increasing housing costs
4) More unemployment
5) Public transportation will cost more
5) Roads will go to $hit..more traffic
6) More homeless
and so on and so on....

"Move Closer To Work" and "You Don't Need Gas" comments are beyond absurd, its hard for me to even think of how you could come up with some a thing.. that reasoning is flawed and is more full of $hit than a cow pasture on a hot summer day.

the only necessities in life are food, water, and shelter. where does "gasoline" fall into that equation?

Is food going to deliver itelf to the grocery store for you? I guess telepathic delivery methods are the wave of the future..

Have you lost all ability to get said food from the store via your feet/hands?

what he's saying is how is food going to get to the grocery store? i think all those big trucker guys don't need a 3,000cu feet container, they can just haul it on their backs and walk it to the supermarket for us...

Or you get a shovel and learn where food comes from. It doesn't come from the grocery store.

Oops. I bet in the process to make or deliver that shovel oil was used. Can't use it. Go ahead and get some fertilizer for your crops.... oops more oil products.

 

[cKGunslinger]

Originally posted by: brandonbull

Originally posted by: slsmnaz

Originally posted by: AkumaX

Originally posted by: chambersc

Originally posted by: jlbenedict

Originally posted by: chambersc

Originally posted by: jlbenedict
Gas is a necessity.. sorry, but it is.

Our country depends on it. If I was to flip and switch, and *poof* no more gas, this country would be in chaos..

You people that scream "Move closer to work".. or, 'You don't need gas":

Do you fvcking fail to realize the United States is over 3000 miles wide, and besides the few hundred major, large cities, it is fairly scattered out. I guess the entire population all needs to move to the major cities right? Yeah.. that will solve everything.. Then you'll have:

1) Population Crowding
2) No Housing
3) Even more increasing housing costs
4) More unemployment
5) Public transportation will cost more
5) Roads will go to $hit..more traffic
6) More homeless
and so on and so on....

"Move Closer To Work" and "You Don't Need Gas" comments are beyond absurd, its hard for me to even think of how you could come up with some a thing.. that reasoning is flawed and is more full of $hit than a cow pasture on a hot summer day.

the only necessities in life are food, water, and shelter. where does "gasoline" fall into that equation?

Is food going to deliver itelf to the grocery store for you? I guess telepathic delivery methods are the wave of the future..

Have you lost all ability to get said food from the store via your feet/hands?

what he's saying is how is food going to get to the grocery store? i think all those big trucker guys don't need a 3,000cu feet container, they can just haul it on their backs and walk it to the supermarket for us...

Or you get a shovel and learn where food comes from. It doesn't come from the grocery store.

Oops. I bet in the process to make or deliver that shovel oil was used. Can't use it. Go ahead and get some fertilizer for your crops.... oops more oil products.

Wait - so people just sat around naked, eating rocks until the mass-refinement of petroleum was started?

 

[slsmnaz]

Originally posted by: brandonbull

Originally posted by: slsmnaz

Originally posted by: AkumaX

Originally posted by: chambersc

Originally posted by: jlbenedict

Originally posted by: chambersc

Originally posted by: jlbenedict
Gas is a necessity.. sorry, but it is.

Our country depends on it. If I was to flip and switch, and *poof* no more gas, this country would be in chaos..

You people that scream "Move closer to work".. or, 'You don't need gas":

Do you fvcking fail to realize the United States is over 3000 miles wide, and besides the few hundred major, large cities, it is fairly scattered out. I guess the entire population all needs to move to the major cities right? Yeah.. that will solve everything.. Then you'll have:

1) Population Crowding
2) No Housing
3) Even more increasing housing costs
4) More unemployment
5) Public transportation will cost more
5) Roads will go to $hit..more traffic
6) More homeless
and so on and so on....

"Move Closer To Work" and "You Don't Need Gas" comments are beyond absurd, its hard for me to even think of how you could come up with some a thing.. that reasoning is flawed and is more full of $hit than a cow pasture on a hot summer day.

the only necessities in life are food, water, and shelter. where does "gasoline" fall into that equation?

Is food going to deliver itelf to the grocery store for you? I guess telepathic delivery methods are the wave of the future..

Have you lost all ability to get said food from the store via your feet/hands?

what he's saying is how is food going to get to the grocery store? i think all those big trucker guys don't need a 3,000cu feet container, they can just haul it on their backs and walk it to the supermarket for us...

Or you get a shovel and learn where food comes from. It doesn't come from the grocery store.

Oops. I bet in the process to make or deliver that shovel oil was used. Can't use it. Go ahead and get some fertilizer for your crops.... oops more oil products.

If I pooped oil, or had animals that did, I would be a very wealthy man.

 

[spidey07]

Originally posted by: SampSon
The number of entitlement driven morons in this thread is amazing, well mabey not. It appears that slsmnaz and Amused are the only ones with a strong grasp on reality who are willing to try and make people understand something in this thread. I cant' even begin to name off the people in this thread who have no clue what they are talking about, and then make counterpoints to their idiotic "arguments".

Exactly. You have people that have education/understand economics and you have people that don't. You can clearly spot spot who is who.

This is one of the main reasons why economics should be taught in high school. Because it is something everybody should understand. I just can't believe there are that many people out there that don't "get it". Unfortunately this thread proves there are. It's troubling to say the least.

 

[Linflas]

Originally posted by: SampSon
The number of entitlement driven morons in this thread is amazing, well mabey not. It appears that slsmnaz and Amused are the only ones with a strong grasp on reality who are willing to try and make people understand something in this thread. I cant' even begin to name off the people in this thread who have no clue what they are talking about, and then make counterpoints to their idiotic "arguments".

Simply stated, you have no right to gasoline or any other companies product. No matter how much you NEED it, you have no god given right to have it, end of story.

Even after a lot of decent information in this thread many of you still fail to understand the economics surrounding oil production/sale. All of the arguments decrying high fuel costs and record oil profits all fall apart when you gain even the most elementary understanding of oil economics. Though I'm sure the vast majority of you would still believe the swill that spews from your collective mouths even if you DID understand.

When will you whiney little pukes realize that you have it GREAT living in this country. You most likely make more than 90% of the rest of the planet, just about everything is cheap and VERY readily available. None of you are living in poverty, you're on the fvcking internet for christs sake. Just give it up and stop whining.

I for one hate paying more for something just like everyone else, but guess what, that's part of life, fvcking deal with it.

A lot of the posters in this thread seem to equate need with entitlement.

 

[TheAdvocate]

Exxon's gross margin improved from 12/31/05 to 3/31/06 Quarterlies. That is not supposed to happen when cost of goods increases (crude oil prices) dramatically like it did that quarter and since, UNLESS you are passing along MORE than 100% of your cost increase.

You can argue economics all you want, but any financial analyst knows this is what has happened.

Profiting (the amount above 100% of the cost increases) from the Katrina crisis and the International instability that our former oilman President has gotten us into, is unconscionable.

Gas is $3 (a very convenient, roud number in a market without a history of such convenient even numbers) a gallon nationally because the oilco's had a pilot pricing opportunity post katrina and they saw we'd pay it. Collusion among oligopies is a longstanding problem in capitalism. That's what is occurring here. Anyone who tells you otherwise is an apologist for a bunch of fat rich old white guys who are toasting their capitalization of the fear in the marketplace to your detriment.