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Exxon Posts Record Annual Profit (pg. 7)
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| Marc Summers |
| quote: | Originally posted by jdat
You want Exxon to get sued and owe everyone 20+ dollars? |
I want them to lower prices because they can afford it and still make a reasonable profit. $1.25 or less. And lower prices for lower incomes.
Hell, nationalize the companies, and send those businessmen packin'. Give people gas and oil at prices they can afford based on their income. |
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| Inconspicuous |
| quote: | Originally posted by Marc Summers
I want them to lower prices because they can afford it and still make a reasonable profit. $1.25 or less. And lower prices for lower incomes.
Hell, nationalize the companies, and send those businessmen packin'. Give people gas and oil at prices they can afford based on their income. |
nationalized industry causes long-term price INCREASES. Price caps cause shortages. Which would you like? |
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| Marc Summers |
| quote: | Originally posted by Inconspicuous
It's still a business. You have to treat it as such, or it'll only last for so long. And yes, any sane person can and would deny that. |
No, you don't treat it like a business because you are toying with people's lives. My governor (Corzine) treats our state like a business and cut funding to higher education, so it's more $$ per credit. That makes it harder for people with low income to get an education. It's not right. |
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| RJT |
| If I could piss on the families of each and every Exxon/Mobile executive, I'd probably be inclined to consider the possibility of calling it "even" with them. Probably. |
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| Marc Summers |
| quote: | Originally posted by Inconspicuous
nationalized industry causes long-term price INCREASES. Price caps cause shortages. Which would you like? |
Raise taxes for the rich to cut down on high prices. Seems good to me, make high society cry. |
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| Omega_M |
| quote: | Originally posted by Marc Summers
3.00 a gallon and they get record profits. You can throw all of the economic mumbo jumbo you want, it still doesn't excuse the fact that the ENTIRE WORLD got raped with oil prices, and the oil companies are swimming in a golden swimming pool filled with beluga caviar.
Seriously, there is no excuse, so stop arguing, it's time to act. |
I hope you are aware of the fact that Exxon Mobil hardly makes money on the gas business. Most of its business is focussed on other petrochemical products. The OPEC regulates gas prices. It is a very volatile market subject to unpredictable swings based on a number of factors including availability of oil and political conditions in the middle east and around the world.
Despite being a petrochemical giant, Exxon Mobil's contribution to the global oil business is less than 3-4%. It's not really a significant player. The state owned oil industries in the middle east regulate everything. So, don't try to relate the high gas prices with Exxon's profit. The relation is not obvious and I don't even think there is a direct relation. |
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| Inconspicuous |
| quote: | Originally posted by Marc Summers
Raise taxes for the rich to cut down on high prices. Seems good to me, make high society cry. |
that'll result in an even worse economy, and, eventually, less spending power and proportionally higher taxes for everyone. Anything else you want to try? |
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| jdat |
| quote: | Originally posted by Marc Summers
I want them to lower prices because they can afford it and still make a reasonable profit. $1.25 or less. And lower prices for lower incomes.
Hell, nationalize the companies, and send those businessmen packin'. Give people gas and oil at prices they can afford based on their income. |
exxon supplies oil as well as refines and distributes to the end consumer...
I wonder where they made the largest margin?!
I know a lot of what they exploit they don't supply themselves to the end consumer.
If the market price at the pump is 3 dollars a gallon they can't lower to 1.25.
They would get sued by other companies for lowering the cost at the pump and if they were to lower the cost of the oil barrel when providing it to other companies they would get sued under international commerce law. |
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| Omega_M |
| quote: | Originally posted by Marc Summers
Raise taxes for the rich to cut down on high prices. Seems good to me, make high society cry. |
ROLF |
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| Inconspicuous |
| /my involvement in this thread. Apathetic? Only insofar as it prevents BS like this. |
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| Marc Summers |
| quote: | Originally posted by Omega_M
I hope you are aware of the fact that Exxon Mobil hardly makes money on the gas business. Most of its business is focussed on other petrochemical products. The OPEC regulates gas prices. It is a very volatile market subject to unpredictable swings based on a number of factors including availability of oil and political conditions in the middle east and around the world.
Despite being a petrochemical giant, Exxon Mobil's contribution to the global oil business is less than 3-4%. It's not really a significant player in this business. The state owned oil industries in the middle east regulate everything. So, don't directly relate the gas prices to Exxon's profit. The relation is not obvious and I don't even think there is a direct relation. |
source it and cross-reference.
| quote: | Originally posted by Inconspicuous
that'll result in an even worse economy, and, eventually, less spending power and proportionally higher taxes for everyone. Anything else you want to try? |
Yes, actually. You are a twat capitalist that puts the $ above human life and prosperity. off.
The rich aren't taxed much, Bush made sure of that. Nice, big, and fat tax cuts. |
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| Marc Summers |
HAHAHA, ladies and gentlemen, OMEGA M tried pulling one over by leaving words out.
He got this from Wikipedia.
| quote: | | It is the largest of the six oil "supermajors" with daily production of 6.5m boe (barrels of oil equivalent), contributing 3% of the world's oil and 2% of the world's energy. |
http://en.wikipedia.org/wiki/ExxonMobil |
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