Exxon's profit > ...

[Engineer]

Originally posted by: JLGatsby

Originally posted by: Engineer
So traders are raping us as oil inventories are up 15% vs last year while oil prices are up 45%! :shocked:

Oil demand is at an all time high and yes, traders single handedly set the price of oil.

If you don't understand the process, don't pretend to know what you're talking about.

I'm not pretending anything jerkoff. I simply stated a fact...oil inventories are up 15% while prices are up 45%. OPEC is looking at cutting production in the 2nd quarter of this year.

 

[Pocatello]

Originally posted by: BigJ

Originally posted by: JLGatsby

Originally posted by: Aimster
Why don't you go sit in the corner where you are useful?

Says the guy who thinks a bunch if politicians, most of whom are liars, cheats, trust fund babies, and religious nuts, should control the largest company in the world?

Read Aimster's sig.

 

[JLGatsby]

Originally posted by: Engineer
I'm not pretending anything jerkoff. I simply stated a fact...oil inventories are up 15% while prices are up 45%. OPEC is looking at cutting production in the 2nd quarter of this year.

And that means what? Oil is still up and it's solely because of the traders and partly because of demand.

What oil inventories are up? US oil inventories? Oil is a global commodity. Huge and growing demand in India and China is partly to blame for increase in prices.

 

[JS80]

Originally posted by: Engineer

Originally posted by: JLGatsby

Originally posted by: Engineer
So traders are raping us as oil inventories are up 15% vs last year while oil prices are up 45%! :shocked:

Oil demand is at an all time high and yes, traders single handedly set the price of oil.

If you don't understand the process, don't pretend to know what you're talking about.

I'm not pretending anything jerkoff. I simply stated a fact...oil inventories are up 15% while prices are up 45%. OPEC is looking at cutting production in the 2nd quarter of this year.

Actually Iran proposed to cut production and OPEC laid the smack down and said no byotch you're not going to use this as political leverage for your nuclear ambitions.

 

[Engineer]

Originally posted by: JS80

Originally posted by: Engineer

Originally posted by: JLGatsby

Originally posted by: Engineer
So traders are raping us as oil inventories are up 15% vs last year while oil prices are up 45%! :shocked:

Oil demand is at an all time high and yes, traders single handedly set the price of oil.

If you don't understand the process, don't pretend to know what you're talking about.

I'm not pretending anything jerkoff. I simply stated a fact...oil inventories are up 15% while prices are up 45%. OPEC is looking at cutting production in the 2nd quarter of this year.

Actually Iran proposed to cut production and OPEC laid the smack down and said no byotch you're not going to use this as political leverage for your nuclear ambitions.

2nd Quarter possible cuts. Nothing to do with this quarter.

 

[Aimster]

Nobody is commenting on why it is a bad idea for the U.S govt. to control the oil in the U.S.

 

[JS80]

Originally posted by: Engineer

Originally posted by: JS80

Originally posted by: Engineer

Originally posted by: JLGatsby

Originally posted by: Engineer
So traders are raping us as oil inventories are up 15% vs last year while oil prices are up 45%! :shocked:

Oil demand is at an all time high and yes, traders single handedly set the price of oil.

If you don't understand the process, don't pretend to know what you're talking about.

I'm not pretending anything jerkoff. I simply stated a fact...oil inventories are up 15% while prices are up 45%. OPEC is looking at cutting production in the 2nd quarter of this year.

Actually Iran proposed to cut production and OPEC laid the smack down and said no byotch you're not going to use this as political leverage for your nuclear ambitions.

2nd Quarter possible cuts. Nothing to do with this quarter.

OPEC Probably Won't Cut 2nd-Qtr Output, U.A.E. Says
sorry for pwnage

 

[Engineer]

Originally posted by: JLGatsby

Originally posted by: Engineer
I'm not pretending anything jerkoff. I simply stated a fact...oil inventories are up 15% while prices are up 45%. OPEC is looking at cutting production in the 2nd quarter of this year.

And that means what? Oil is still up and it's solely because of the traders and partly because of demand.

What oil inventories are up? US oil inventories? Oil is a global commodity. Huge and growing demand in India and China is partly to blame for increase in prices.

That may be true, but China is slowing on import growth.

 

[Engineer]

Originally posted by: JS80

Originally posted by: Engineer

Originally posted by: JS80

Originally posted by: Engineer

Originally posted by: JLGatsby

Originally posted by: Engineer
So traders are raping us as oil inventories are up 15% vs last year while oil prices are up 45%! :shocked:

Oil demand is at an all time high and yes, traders single handedly set the price of oil.

If you don't understand the process, don't pretend to know what you're talking about.

I'm not pretending anything jerkoff. I simply stated a fact...oil inventories are up 15% while prices are up 45%. OPEC is looking at cutting production in the 2nd quarter of this year.

Actually Iran proposed to cut production and OPEC laid the smack down and said no byotch you're not going to use this as political leverage for your nuclear ambitions.

2nd Quarter possible cuts. Nothing to do with this quarter.

OPEC Probably Won't Cut 2nd-Qtr Output, U.A.E. Says
sorry for pwnage

Ownage my ass. I said possibly and you said probably. Could go either way.

Edit: You forgot to mention that this came out today, contrary to previous reports to OPEC.

 

[JS80]

Originally posted by: Aimster
Nobody is commenting on why it is a bad idea for the U.S govt. to control the oil in the U.S.

Fact: you are always worse off when government regulates market forces.

 

[JLGatsby]

Originally posted by: Aimster
Nobody is commenting on why it is a bad idea for the U.S govt. to control the oil in the U.S.

Because everything the government touches, they screw up, that's a fact.

Your statement was so beyond dumb it wasn't even worth commenting on.

If you think for one second that the government can do ANYTHING efficiently, then you shouldn't be allowed to vote.

 

[Aimster]

Most of the world controls their own supply so why is it different when it comes to the U.S?

 

[JS80]

Originally posted by: Aimster
Most of the world controls their own supply so why is it different when it comes to the U.S?

I think you have to define how you would like the US govt to control oil. Then JLG and I can pwn you.

 

[JLGatsby]

Originally posted by: Aimster
Most of the world controls their own supply so why is it different when it comes to the U.S?

Like who, dictatorships? Are you saying we should be more like a dictatorship?

 

[Aimster]

It is oil.

A natural resource.

It is not a car company.

 

[JS80]

Originally posted by: Aimster
It is oil.

A natural resource.

It is not a car company.

So how do you propose the govt control oil?

 

[runzwithsizorz]

Originally posted by: Aimster
Nobody is commenting on why it is a bad idea for the U.S govt. to control the oil in the U.S.

Ooh, ooh, ooh, teacher, pick me, pick me!! Is it because the US Govt. has never,ever controlled anything efficiently???

Btw; did anyone notice that Exxon was in court today asking a judge waive, or reduce that, nasty
Valdise(sp) incident fine?

 

[dxkj]

Originally posted by: JLGatsby
And all that money goes to who?

Shareholders of Exxon, the vast majority of who are regular Joes who own mutual funds and Exxon stock.

So what's the problem?

Bullsh!t, I own 112 shares and my dividend hasnt gone up in a while...

 

[JLGatsby]

Originally posted by: dxkj
Bullsh!t, I own 112 shares and my dividend hasnt gone up in a while...

The dividends are only one measure of increased value. Any profit the company makes it increase shareholder value and increases a "minimum hypothetical value" for the company.

In the long run, it all works out and you will have profited from this. Temporary market swings or no short term increases in dividends means nothing.

 

[SparkyJJO]

Originally posted by: Aimster
The U.S should control the oil companies

use that money for some good.

such as give it all to the greedy politicians?? :roll: I hope you're joking

 

[GasX]

http://forums.anandtech.com/messageview.aspx?catid=38&threadid=1792344

 

[dxkj]

Originally posted by: JLGatsby

Originally posted by: dxkj
Bullsh!t, I own 112 shares and my dividend hasnt gone up in a while...

The dividends are only one measure of increased value. Any profit the company makes it increase shareholder value and increases a "minimum hypothetical value" for the company.

In the long run, it all works out and you will have profited from this. Temporary market swings or no short term increases in dividends means nothing.

I suppose so, but my shares have bounced from 55 to 65 for a while now... I guess you could say that the increase a few years ago was actually ahead of time, and that now it is finally equalized, but i have no clue because im not market-savvy