Exxon: near record profits

[fitzov]

Originally posted by: Stunt

Originally posted by: fitzov

Originally posted by: Stunt

Originally posted by: goku
I hope the prices keep going up, maybe people will change their life styles and electric car will make a comeback again..

The only way alternate fuels will develop successfully is when oil prices rise and the market demands it.

Profit Margins:
Exxon = 11%
Google = 25%
Starbucks = 8%
IBM = 10%
Intel = 18%
Pfizer = 21%
Ebay = 24%
Yahoo = 21%
Honda = 7%
Citibank = 32%
Washington Post = 9%

Oil companies are on the lower side of the profit tree. Financial institutions, software companies, drug companies and others are much higher. Just because we use a lot of their product doesn't mean we should penalize them for this. Open your eyes people...companies are going to make profits but you MUST treat them all the same.

Why is nobody complaining about coffee prices? software prices? newspaper prices? bank fees? google's profit?

Um...because fuel is the only necessity listed?

Drugs aren't necessities?

I thought the 3 keys to life were food, clothing, housing.

Yep, the pharmaceutical industry is rolling in the dough too.

 

[gsellis]

Originally posted by: fitzov
Yep, the pharmaceutical industry is rolling in the dough too.

But, there are big risks in that business too. Win some, loss some, and sometimes it can be huge.

 

[SoundTheSurrender]

You can thank all the douchebag SUV drivers.

 

[moshquerade]

Originally posted by: djmihow
You can thank all the douchebag SUV drivers.

there are less "douchebag" SUV drivers than there were a year ago and the number keeps decreasing. so what is your point?

 

[Scouzer]

I paid $4.31/gallon for gas last fill up after conversion.

 

[Regs]

I remember how deadly a sin like greed can be. How everybody invested in sure things during the 1930's then went completely broke shortly after. More recently a event in Enron made a few heads turn in shame. Times have changed and people have grown wiser. Unfortunately their greed has sequentially grown with it. This is why we have checks and balances. Greed leads to one logical outcome and that is abuse of power, instability and tyranny.

One man's greed blinds his sense of judgment for the better good.

 

[saahmed]

The reason there profits are high is because the prices are high. They have the same profit margins. Say gas was $1.00 a gallon and they took 10%. So if gas is $3.00 a gallon why would they take any less than 10% of it? Theyre not going to reduce their cut to make gas cheaper for you.

Personally, I dont see why people are complaining that gas prices are high when they are willing to pay $4 for a pop at the theater or even more for a drink at the bar.