They should be if all these other companies are making so much better margins. You are avoiding the point. High salaries and excess waste artifically lower profit margins. That's how companies gouge us and still claim profits are modest.
They should be if all these other companies are making so much better margins. You are avoiding the point. High salaries and excess waste artifically lower profit margins. That's how companies gouge us and still claim profits are modest.
But that's not business practices . . . that's oil prices. Unless ExxonMobil is manipulating oil prices . . . why would the execs get "credit?"
Exxon certainly made acquisitions but that was primarily a function of dwindling oil finds . . . so basically they were buying reserves.
Different industries can expect different margins; and Exxon Mobil is being very competitive compared to the rest of the oil companies.
A 400 million dollar package for someone who is no longer of much use to them is "being competitive"??? LMAO!
I agree with Zendari, gas should be at 20 bucks a gallon in order to make more money for his dad's stock portfolio. Zendari and I wonder why you jerks haven't invested in XOM and taken equal benefit from a company with strong American values?
When Zendari moves out of the Freshman dorms he's going to get himself a nice little Rush Limbaugh cashmere throw for his posturepedic bed with his profits, and I salute him for it.
When Zendari moves out of the Freshman dorms he's going to get himself a nice little Rush Limbaugh cashmere throw for his posturepedic bed with his profits, and I salute him for it.
I thought the gov't was going to pay for it by rescinding the $4 BILLION tax break the oil corps. get (and have REPEATEDLY said they DON'T EVEN NEED).
Incidentally, talk about pork.
Incidentally, talk about pork.
Welcome to reality- the world has a growing thirst for oil and world economies will depend on it for some time......we can either go all out for it and maintain our standard of living, or we can be surpassed by countried who have less regulations on what they can do to attain their goals.....eg China......
Noone's forcing you to buy oil.....in fact in a free market- you can even purchase part of the oil companies and partake in the profits- fancy that!...........What's with all the socialists here?
Seems to me theirs a little jealousy going on that you guys aren't sharing in the profits.......For the record neither am I.........
Well- then I hope you support war in the Middle East because that's the only way cheap oil will continue to flow into our country........and even $3 a gallon is cheap by the world standard.....
Jeff7
Lifer
- Jan 4, 2001
- 41,596
- 19
- 81
Didn't Futurama have an episode about why this was stupid? Everyone got a $300 check from the government. Suddenly the dollar-stores became 300-dollar-stores. Give everyone $100, well it's got to come from somewhere.
Damn morons in charge. What next, they'll suggest printing money at home so you won't be poor?
Damn morons in charge. What next, they'll suggest printing money at home so you won't be poor?
That's friggin stupid. I need gas to get to work. It's a necessity. Wtf you want me to do, they don't run buses around here to where I need to go for work. Maybe I should go buy a bicycle and pedal 80 miles daily eh?
Instead of taxing the oil companies more to get our $100 how about just giving us the millions and millions of dollars that the Government already steals from us in the form of the absurdly high tax we pay on gasoline!! The oil companies should charge as much as the market will bear for their product. When people stop buying so much for their SUV's they will have to reduce the price. There is more than one gas/oil company and unless we can prove price fixing there is no gouging going on. The people who thought of the $100 rebate should be voted out/fired.
Can there be any doubt that oil companies are manipulating prices? I don't think so. However, the manner in which they are manipulating prices are just about beyond reproach in a legal sense, even if they are deplorable in an ethical sense. You can't legally compel a company to invest billions for new refineries, drilling equipment, et cetera simply to lower their own profits.
The oil companies are smart. Over the past century, they've built up their infrastructure, bought the rights, and now have a stranglehold on the world oil supply. We have, in our ignorance, created a monstrous demand for this product. It would (conservatively) take at least $100 billion just to get a new company into the game and offer some competition. They know that no one can afford this. Therefore, the only tool we have to fight them with is our demand for their product. If you're not willing to lower your demand, you'd better be willing to lower your pants and bend over.
CaptnKirk
Lifer
- Jul 25, 2002
- 10,053
- 0
- 71
Congress wants to know:
"Are you willing to sell your soul to the Devil for a one time payment of $ 100?"
That's 27 cents a day for a year.
It's a 'free' (with everlasting strings) tank of gas once evey 4 months (average vehicle)
Funded at the cost of the taxpayer (your get to pay for it at least twice)
It's for the benefit of the oil companies.
Damn - a 10 cent drop in todays fuel cost would be much more in the long run than the $ 100 bribe.
"Are you willing to sell your soul to the Devil for a one time payment of $ 100?"
That's 27 cents a day for a year.
It's a 'free' (with everlasting strings) tank of gas once evey 4 months (average vehicle)
Funded at the cost of the taxpayer (your get to pay for it at least twice)
It's for the benefit of the oil companies.
Damn - a 10 cent drop in todays fuel cost would be much more in the long run than the $ 100 bribe.
Mean MrMustard
Diamond Member
- Jan 5, 2001
- 3,144
- 10
- 81
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