Lee Raymond of Exxon pwned on trial today........

[redgtxdi]

So he actually takes a deep breath before spouting out of his 400lb lard ass............

that Exxon (and the rest) actually *helped* the consumer by raising gas prices so high and taking such huge profits by curbing people's use of oil so as to avoid a mass shortage!!!

WTF???

Well, that's OK Mr. Raymond. The trade commission doesn't buy it and so how they're gonna take a look at why the !#$^!@# you guys happened to post record profits between July & September this year.

Ass!$^#!!!!!!!!!!!!

 

[dahunan]

Cheney was the one who said that gasoline prices were way too low.. ADD TO THAT His secret energy task force meetings with the US largest Energy Companies where they shared/passed around maps of IRAQI OIL FIELDS

:evil:

 

[redgtxdi]

Raymond said his company had issued guidelines ?to minimize the increase in price? but added, ?If we kept the price too low we would quickly run out (of fuel) at the service stations.?

?It was a tough balancing act,? said Raymond, who said ExxonMobil was not price gouging.

Whole story........

http://www.msnbc.msn.com/id/9970294/

 

[charrison]

Originally posted by: redgtxdi
So he actually takes a deep breath before spouting out of his 400lb lard ass............

that Exxon (and the rest) actually *helped* the consumer by raising gas prices so high and taking such huge profits by curbing people's use of oil so as to avoid a mass shortage!!!

WTF???

Well, that's OK Mr. Raymond. The trade commission doesn't buy it and so how they're gonna take a look at why the !#$^!@# you guys happened to post record profits between July & September this year.

Ass!$^#!!!!!!!!!!!!

Yes basiec economics. Do you want to gas at 3.gallon or none at 2/gallon.

Take your pick.

 

[dmcowen674]

Originally posted by: charrison

Originally posted by: redgtxdi
So he actually takes a deep breath before spouting out of his 400lb lard ass............

that Exxon (and the rest) actually *helped* the consumer by raising gas prices so high and taking such huge profits by curbing people's use of oil so as to avoid a mass shortage!!!

WTF???

Well, that's OK Mr. Raymond. The trade commission doesn't buy it and so how they're gonna take a look at why the !#$^!@# you guys happened to post record profits between July & September this year.

Ass!$^#!!!!!!!!!!!!

Yes basiec economics. Do you want to gas at 3.gallon or none at 2/gallon.

Take your pick.

I was going to post that people actually believe that and here you go, top Bridge buyer chimes right in on cue.

Yes, I'd rather see the gas run out. At least see there is a REAL problem.

I say we should sue the Gas Industry for incompetence.

 

[Red Dawn]

Originally posted by: charrison

Originally posted by: redgtxdi
So he actually takes a deep breath before spouting out of his 400lb lard ass............

that Exxon (and the rest) actually *helped* the consumer by raising gas prices so high and taking such huge profits by curbing people's use of oil so as to avoid a mass shortage!!!

WTF???

Well, that's OK Mr. Raymond. The trade commission doesn't buy it and so how they're gonna take a look at why the !#$^!@# you guys happened to post record profits between July & September this year.

Ass!$^#!!!!!!!!!!!!

Yes basiec economics. Do you want to gas at 3.gallon or none at 2/gallon.

Take your pick.

Ok this makes sense if the consumer scaled back their use of gas significantly during that time but the profits of Exxon and the opther Oil Suppliers seem to indicate the consumer didn't. Oh well nothing wrong with making a quick extra few billion while trying to teach the consumer a lesson:roll:

 

[classy]

Originally posted by: charrison

Originally posted by: redgtxdi
So he actually takes a deep breath before spouting out of his 400lb lard ass............

that Exxon (and the rest) actually *helped* the consumer by raising gas prices so high and taking such huge profits by curbing people's use of oil so as to avoid a mass shortage!!!

WTF???

Well, that's OK Mr. Raymond. The trade commission doesn't buy it and so how they're gonna take a look at why the !#$^!@# you guys happened to post record profits between July & September this year.

Ass!$^#!!!!!!!!!!!!

Yes basiec economics. Do you want to gas at 3.gallon or none at 2/gallon.

Take your pick.

LOL You are so clueless. Most people drive because they have too, regardless if gas is $2 or $3 a gallon. Now you may have a point if they gave the excess profits back, but they didn't.

 

[Moonbeam]

The oil companies figured out what OPEC taught them that they learned from the car companies. Buy up the street car lines and pull up the tracks and create a monopoly so people have no choice but to turn to you for their needs.

 

[Mursilis]

Originally posted by: classy

Originally posted by: charrison

Originally posted by: redgtxdi
So he actually takes a deep breath before spouting out of his 400lb lard ass............

that Exxon (and the rest) actually *helped* the consumer by raising gas prices so high and taking such huge profits by curbing people's use of oil so as to avoid a mass shortage!!!

WTF???

Well, that's OK Mr. Raymond. The trade commission doesn't buy it and so how they're gonna take a look at why the !#$^!@# you guys happened to post record profits between July & September this year.

Ass!$^#!!!!!!!!!!!!

Yes basiec economics. Do you want to gas at 3.gallon or none at 2/gallon.

Take your pick.

LOL You are so clueless. Most people drive because they have too, regardless if gas is $2 or $3 a gallon. Now you may have a point if they gave the excess profits back, but they didn't.

Most consumers don't have to drive huge gas-guzzling SUVs. While I recognize everyone's right to buy a huge gas hog of a motor vehicle, people shouldn't whine when gas goes through the roof. Stupid consumers deserved this summer's gas pains, and I have little sympathy.

 

[Bumrush99]

Funny how we have seen this huge spike in energy prices and PROFIT during a presidency paid for and owned by big oil and eneregy interest.. Cheney and Bush have made themselves a lot of cash during their tenure in office.

 

[halik]

Originally posted by: classy

Originally posted by: charrison

Originally posted by: redgtxdi
So he actually takes a deep breath before spouting out of his 400lb lard ass............

that Exxon (and the rest) actually *helped* the consumer by raising gas prices so high and taking such huge profits by curbing people's use of oil so as to avoid a mass shortage!!!

WTF???

Well, that's OK Mr. Raymond. The trade commission doesn't buy it and so how they're gonna take a look at why the !#$^!@# you guys happened to post record profits between July & September this year.

Ass!$^#!!!!!!!!!!!!

Yes basiec economics. Do you want to gas at 3.gallon or none at 2/gallon.

Take your pick.

LOL You are so clueless. Most people drive because they have too, regardless if gas is $2 or $3 a gallon. Now you may have a point if they gave the excess profits back, but they didn't.

It's true that the demand of gasoline is very inelastic, but a big increase/decrease of price will result in change of demand. I mean look at how high milage cars are getting popular and sales of SUVs are down. But even even in short term I know i drove less when the prices went past 3 bucks a galon.

A supply shock like the one after the hurricane will result in increase of price due to simple economics.

 

[Genx87]

Ok this makes sense if the consumer scaled back their use of gas significantly during that time but the profits of Exxon and the opther Oil Suppliers seem to indicate the consumer didn't. Oh well nothing wrong with making a quick extra few billion while trying to teach the consumer a lesson

If the consumer didnt scale back consumption then to me it says the price didnt go high enough.

 

[BaliBabyDoc]

IIRC, daily gasoline use decreased by 6% in September.

The truth is we needed a flexible version of Carter's orignal windfall profit plan or the very least a government funded initiative for efficiency/conservation.

Nixon imposed price controls . . . that obviously did not work. Carter repealed them in exchange for the windfall profit tax. Unfortunately, international events conspired to make Carter's plan ineffective (OPEC) to irrelevant (collapse in oil prices).

Instead of effort that's been exerted to oppose CAFE, subsidize coal/oil, and build more roads . . . we should have spent the past two decades investing in alternative energy sources, improving the efficiency of the internal combustion engine (fuel NOT power), improving the design of automobiles (efficiency NOT size/cupholders), and mass transit.

The Big Oil execs (who curiously were not required to swear to tell the truth) are right about one thing. They are businesses. It's their job to deliver a product, collect profit on that exchange, and funnel the cash back to shareholders. It's the government's job to make sure poor people don't freeze, cars are more fuel efficient, and the society is not dependent on oil.

The US and North Korea are currently arguing about who locked which door in a hut in armistice hut. Bush bragged about spending tens of billions of dollars to build a missile defense system to protect us from the DPRK. I hate to say it but Big Oil has their priorities in order. It's the lack of political leadership and personal responsibility that's the problem in America. It's been a problem since 1981.

 

[Pabster]

Originally posted by: Genx87
If the consumer didnt scale back consumption then to me it says the price didnt go high enough.

QFT.

 

[Red Dawn]

Originally posted by: Genx87

Ok this makes sense if the consumer scaled back their use of gas significantly during that time but the profits of Exxon and the opther Oil Suppliers seem to indicate the consumer didn't. Oh well nothing wrong with making a quick extra few billion while trying to teach the consumer a lesson

If the consumer didnt scale back consumption then to me it says the price didnt go high enough.

Or maybe they had already scaled back consumption when it was $2.40 a gallon and the Oil Companies weren't making the proifit at that price. Funny I don't recall any nationwide gas shortages.

 

[tnitsuj]

The American consumer is spoiled and wastefull in terms of gas consumption. F them all. If they want to whine about gas prices lower than any place else in the Western world and most other places they can go ahead and do it, but that doesn't change the fact that it is a market driven economy.

The oil companies can charge whatever they want as long as the market can bear it. Last time I checked they answered to thier shareholders.

 

[Genx87]

Originally posted by: Red Dawn

Originally posted by: Genx87

Ok this makes sense if the consumer scaled back their use of gas significantly during that time but the profits of Exxon and the opther Oil Suppliers seem to indicate the consumer didn't. Oh well nothing wrong with making a quick extra few billion while trying to teach the consumer a lesson

If the consumer didnt scale back consumption then to me it says the price didnt go high enough.

Or maybe they had already scaled back consumption when it was $2.40 a gallon and the Oil Companies weren't making the proifit at that price. Funny I don't recall any nationwide gas shortages.

You said nobody scaled back consumption. And if people use less gasoline will it lead to a shortage?

 

[Red Dawn]

Originally posted by: Genx87

Originally posted by: Red Dawn

Originally posted by: Genx87

Ok this makes sense if the consumer scaled back their use of gas significantly during that time but the profits of Exxon and the opther Oil Suppliers seem to indicate the consumer didn't. Oh well nothing wrong with making a quick extra few billion while trying to teach the consumer a lesson

If the consumer didnt scale back consumption then to me it says the price didnt go high enough.

Or maybe they had already scaled back consumption when it was $2.40 a gallon and the Oil Companies weren't making the proifit at that price. Funny I don't recall any nationwide gas shortages.

You said nobody scaled back consumption. And if people use less gasoline will it lead to a shortage?

I said maybe nobody did during the time of the $3+ gallon of gas and then went on to say in another post maybe they had already scaled back prior to the time when it was$3+ a gallon. I don't personally know, I was speculating just like the rest of you are.

It's one thing to say "yeah we made a profit, we are in the business of making a profit" but to state "We made a profit to help out the consumer" borders on the ridiculous.

 

[Mursilis]

Originally posted by: Red Dawn

It's one thing to say "yeah we made a profit, we are in the business of making a profit" but to state "We made a profit to help out the consumer" borders on the ridiculous.

Of course it's ridiculous, but it's ridiculous some insipid politician called those CEOs to answer questions in the first place, as if making a profit was some sort of crime. If crimes were commited by various oil companies, charge 'em. If not, quit with the political grandstanding.

 

[Red Dawn]

Originally posted by: Mursilis

Originally posted by: Red Dawn

It's one thing to say "yeah we made a profit, we are in the business of making a profit" but to state "We made a profit to help out the consumer" borders on the ridiculous.

Of course it's ridiculous, but it's ridiculous some insipid politician called those CEOs to answer questions in the first place, as if making a profit was some sort of crime. If crimes were commited by various oil companies, charge 'em. If not, quit with the political grandstanding.

I agree, what are those hearing to determine, that Oil Companies are greedy bastards? LOL we do not need any Senate hearing to tell us that. It's not against the law to be greedy.

 

[Genx87]

Originally posted by: Mursilis

Originally posted by: Red Dawn

It's one thing to say "yeah we made a profit, we are in the business of making a profit" but to state "We made a profit to help out the consumer" borders on the ridiculous.

Of course it's ridiculous, but it's ridiculous some insipid politician called those CEOs to answer questions in the first place, as if making a profit was some sort of crime. If crimes were commited by various oil companies, charge 'em. If not, quit with the political grandstanding.

To add onto the ridiculous nature of the whole thing, like any of this talking is serious anyways. Chances are they all met up for dinner and a drink at an exclusive country club and congratulated each other on a fine hearing.

 

[alent1234]

Originally posted by: Moonbeam
The oil companies figured out what OPEC taught them that they learned from the car companies. Buy up the street car lines and pull up the tracks and create a monopoly so people have no choice but to turn to you for their needs.

NYC has a transportation system that services millions of people in NYC and its suburbs. People in other places don't want to spend the billions of $$$ to build it.

 

[Red Dawn]

Originally posted by: Genx87

Originally posted by: Mursilis

Originally posted by: Red Dawn

It's one thing to say "yeah we made a profit, we are in the business of making a profit" but to state "We made a profit to help out the consumer" borders on the ridiculous.

Of course it's ridiculous, but it's ridiculous some insipid politician called those CEOs to answer questions in the first place, as if making a profit was some sort of crime. If crimes were commited by various oil companies, charge 'em. If not, quit with the political grandstanding.

To add onto the ridiculous nature of the whole thing, like any of this talking is serious anyways. Chances are they all met up for dinner and a drink at an exclusive country club and congratulated each other on a fine hearing.

And to accept more contributions

 

[alent1234]

nothing is going to come of this. A lot of the people complaining about oil prices have no problem paying higher margins to buy trucks and SUV's or other products. This is good for a few days on C-Span and then it will quietly go away.

 

[DealMonkey]

Congress shouldn't attempt to fix the price of gas or home heating oil, rather they should force concessions from the big oil execs. Perhaps if they also invested some of their windfall profits in refineries and infastructure that can keep oil and gas moving despite bad weather, gas prices wouldn't need to be so high. And Congress and the Administration have a duty to stop subsidizing the big oil companies with massive multi-billion $ tax cuts that have no affect on gas prices. Furthermore, the government should subsidize hybrids moreso and encourage American auto makers to raise their average MPG.