That makes a lot of sense then because I'm sure they still have inventory from when a barrel of oil was quite a bit cheaper.

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Kill the women. Eat the children.
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Exxon Mobil are idiots. They run these commercials about how they care so much about the environment, and they are researching green technology. All BULLSHIT. They even had the nerve to come before Congress and brag about their $100 MILLION of research & development of alternative energy projects. I'm sorry, but Exxon spent more on the "green" commercials than their research! The CEO gets paid more than their "green" research! Green my ass. They don't care about the new wave of green technology. They are focused on opening up drilling in ANWAR and the Gulf of Mexico. That'll sure help our addiction to oil!

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quote:

Originally posted by Krypton ANWAR and the Gulf of Mexico. That'll sure help our addiction to oil!

and Mc-flip flop is feeding into it.

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quote:

Originally posted by inconspicuous point being it makes numbers look like what they typically wouldn't.

Wrong, numbers never lie and even if the prices have been inflated by FIFO procedures their profits are still bigger than ever.

You can't argue that the big Oil Companies aren't really taking advantage of this oil crisis. As a capitalist, I really think it's a great money making enterprise. Does it benefit the people? No, but with so much capital there is so much that can be done and in reality, very little has. Those beneath the poverty line are suffering...

I mean, what do I know? I'm sitting comfortably on my leather chair, wearing nice clothes, driving a car to school and paying twice as much than what regular Americans pay for education. Not only that, but there are other factors that are better left unsaid.

Last edited by winston on Aug-01-2008 at 01:10

quote:

Originally posted by Krypton Exxon Mobil are idiots.

They're getting away with whatever they're doing and they have a proverbial fuckload of money to show for it. That's the opposite of idiocy.

quote:

Originally posted by idoru They're getting away with whatever they're doing and they have a proverbial fuckload of money to show for it. That's the opposite of idiocy.

Exactly.


And to back up my previous statement with more substantial evidence, let me remind you that of world proven oil reserves (1,148 billion barrels) approximately 77% of these are under the control of National Oil Companies (NOC) and 11% are owned by the Western World.

case study from Rice University (No, I didn't read it all).

http://www.rice.edu/energy/publications/nocs.html