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Old 07-28-2006, 02:23 PM   #1
tony hipchest
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Default EXXON/Mobile $10 billion profit last quarter

stocks are at an all time high, the c.e.o. received a $400 million "golden parachute".

but if this excess profit is taxed the oil companies say they will just produce less, which will increase the price of gas.

isnt Vaseline made of petroleum? the least they could do is give that out for free before they f*** us!
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Old 07-28-2006, 03:45 PM   #2
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Default Re: EXXON/Mobile $10 billion profit last quarter

Quote:
Originally Posted by tony hipchest
stocks are at an all time high, the c.e.o. received a $400 million "golden parachute".

but if this excess profit is taxed the oil companies say they will just produce less, which will increase the price of gas.

isnt Vaseline made of petroleum? the least they could do is give that out for free before they f*** us!
Seriously...that's crazy.

But, I think the market dictates the price of oil but I am sure they could cut prices on their end or at least reinvest some fo that money into improving refinery or buying reserves....
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Old 07-28-2006, 07:50 PM   #3
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Default Re: EXXON/Mobile $10 billion profit last quarter

The amazing thing is we are talking about profit......Not sales! That means the supposed BS in the Middle East isn't really causing any of this. If there was an increase in costs to the oil companies, the profits wouldn't climb. It's all BS, but we as American consumers don't do anything about it.
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Old 07-28-2006, 08:54 PM   #4
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Default Re: EXXON/Mobile $10 billion profit last quarter

i think you are correct lambert

Quote:
Originally Posted by Hammer67
Seriously...that's crazy.

But, I think the market dictates the price of oil but I am sure they could cut prices on their end or at least reinvest some fo that money into improving refinery or buying reserves....
actually it appears that its the profit margins and the ammount of gas the oil companies decide to produce is what dictates the price.

war could end. demand could decrease. but the profit margin all these rich oil tycoons have become accustomed to will ALWAYS remain the same. they pretty much stated as much
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Old 07-28-2006, 09:01 PM   #5
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Default Re: EXXON/Mobile $10 billion profit last quarter

i thought i heard o'reilly say 36 billion....
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Old 07-28-2006, 09:19 PM   #6
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Default Re: EXXON/Mobile $10 billion profit last quarter

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Originally Posted by MasterOfPuppets
i thought i heard o'reilly say 36 billion....
what i heard on the local news today was that oil companies overall posted about a 40 billion dollar increase in profit margins for all oil companies in general. this is just for the spring quarter!
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Old 07-28-2006, 09:27 PM   #7
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Default Re: EXXON/Mobile $10 billion profit last quarter

I think you should watch Syrianna. It will make you take a long hard look at how politics affect oil.
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Old 07-28-2006, 09:42 PM   #8
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Default Re: EXXON/Mobile $10 billion profit last quarter

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I think you should watch Syrianna. It will make you take a long hard look at how politics affect oil.
it is a movie i look forward to seeing despite several reviews saying its too difficult for the mass public to understand and not worth the bother. those type of reviews usually suggest theres something someone would rather you not see. big oil perhaps. God forbid if hollywood jumps in in tarnishing their image.
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Old 07-29-2006, 01:38 PM   #9
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Default Re: EXXON/Mobile $10 billion profit last quarter

I have whined and moaned about the gas prices just like everyone else. I have complained when I found out about the profits these oil and gas companies are making...
However, are you really interested in seeing gas prices drop?
Then stop driving gas guzzling automobiles. It comes down to basic supply and demand. This country is no where near being concerned about conservation. We seem to be very decadent with and in everything we do.
If we conserved a little more or drove fuel efficient automobiles, then the demand would decrease, which increases supply, which will make gas prices fall.
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Old 08-01-2006, 06:53 PM   #10
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Default Re: EXXON/Mobile $10 billion profit last quarter

Quote:
Originally Posted by Jeremy
I think you should watch Syrianna. It will make you take a long hard look at how politics affect oil.
Good movie but i never take anything i see from Hollywood as honest fact.
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