Exxon makes more than Kuwait's GDP in 3 months...

ebackhus · 10-29-2005, 02:56 PM

I don't have an article link but I saw this in my local newspaper. According to the latest earning reports, Exxon brought in more money in 3 MONTHS than Kuwait (one of their oil suppliers) makes in a year. At the same time other oil and gas companies are posting recording breaking profits that are even higher than a year ago.

The sign across the streat says $2.49/gal for regular. Connection?

**40sondacurb** · 10-29-2005, 04:25 PM

This is a tough one; thy need to be punished for gouging, but at the same time we don't want to look too much like commies.

Volt-Schwibe · 10-29-2005, 04:27 PM

i got one thing to say.

GO BIODIESEL!

**RavenMind** · 10-29-2005, 10:15 PM

Feh. The Feds regulate all the wrong things. Anybody remember the Bell company breakups in the 80s? (or was it late 70s...

).

crazijoe · 10-31-2005, 06:16 AM

Let's see.
If I was a leader of a country and I had stocks in an oil company, would I do anything about it?

**ReeKorl** · 10-31-2005, 06:41 AM

Apart from sell the stock, start talking about regulating it, then re-buying the stock when it's dropped a few points? Nope.

yustr · 10-31-2005, 07:05 AM

Jefferson said that we get the government that we deserve. And in this case he's exactly correct. Our government will do nothing because we don't want them to.

Sure we rant about high gasoline prices - but we still buy Suburbans. Prices go up but consumption doesn't go down. Take public transit to work - not me. All over Europe downtown areas are walking only – nope, too inconvenient. Our architecture does not reflect the local conditions - two story block houses in the desert southwest? The "ignorant" native peoples knew more 300 years ago. Over 20 years ago I talked with a guy who built a very lovely house that was totally energy independent - how many of those are there today? We don't think twice about driving 100 miles to celebrate Grandma's birthday - then turning around a coming home that same day. I could go on but you're getting tired of this rant and you're chilly so you have to get up and turn up the thermostat - so you can continue to lounge in shorts and a t-shirt...

crazijoe · 10-31-2005, 07:17 AM

Quote:

Originally Posted by yustr

All over Europe downtown areas are walking only – nope, too inconvenient.

That's one of the reasons America has such an obese problem.

**ReeKorl** · 10-31-2005, 07:23 AM

Parts of Europe may be like that, but we're not as well off in the UK either. Our government are making a huge push for people to use public transport, saying we don't need to use our own cars. What I want everyone here to do is for just one week, everyone who can use public transport, to do so, and not use their own cars, bikes etc.

When the public transport system collapses under the sheer weight of people using it (and it will), then we can start bargaining with the government to lower tax on fuel.

bry623 · 10-31-2005, 07:32 AM

OMG I do remember the bell breakup. Oil companies are not allowed to invest their profits into new refineries or drilling sites. Lift that ban and see what happens. My lefty pal is right.... until we conserve more and stop buying guzzlers gas will be high. We help set the price. I drive 75 miles round trip each day. I am able to coast 5-10 miles of my trip in neutral, depending on traffic.

ebackhus · 11-03-2005, 12:49 PM

I'd take the bus, if they ran at 6am. Right now I'm moving to a house that's 3 minutes from where I work and I'll use my bike. Groceries are just down the road and I'll only need my car for business trips which happen like 2x a month.

**superflysmith** · 11-10-2005, 02:52 PM

What percent of profit equals gouging in everyones opinion? How much should a company be allowed to make on a dollar?

bry623 · 11-11-2005, 08:00 AM

Capitalism demands that you make as much profit as possible. If he were still alive Sam Walton would be the richest man in the world and nobody ever accused him of gouging. I think the oil companies should make as much profit as possible, but not the way they are doing it. Why is it that when they raise gas prices, it is almost always on a Thursday?? Oil companies raise and lower prices sporadically and without explanation. That is the problem with them.

crazijoe · 11-11-2005, 08:05 AM

Quote:

Originally Posted by bry623

Oil companies raise and lower prices sporadically and without explanation.

I think it has to do the price per barrel on the market. What it being traded at.

bry623 · 11-11-2005, 08:25 AM

Oil has been down all week and my gas proces just went up $.20/gal

**superflysmith** · 11-11-2005, 08:52 AM

There are alot of variables that go into the pricing of fuel. Supply and demand plays a big part. I am like everyone else, I'd would love to see the days of $1 per gallon of gas but I think the oil companies have a long way to go go before they should be considered gouging. 9.8% on the dollar is far from gouging. If we want lower prices the government should ease up on regulations and allow more drilling.

BTW my gas prices have been steadily going down for about a week and a half. But I live in Wisconsin so I probably still pay more than you.

**bruiser** · 11-11-2005, 11:07 AM

Here is an interesting article on who is making the most money off gasoline.

10-29-2005, 02:56 PM	#1 (permalink)
ebackhus Manager, Design Join Date: Apr 2005 Location: SATX Posts: 12,762 OS: WinXP Pro SP3 My System Blog Entries: 25	Exxon makes more than Kuwait's GDP in 3 months... I don't have an article link but I saw this in my local newspaper. According to the latest earning reports, Exxon brought in more money in 3 MONTHS than Kuwait (one of their oil suppliers) makes in a year. At the same time other oil and gas companies are posting recording breaking profits that are even higher than a year ago. The sign across the streat says $2.49/gal for regular. Connection? __________________ ----------------------------- There are no dumb questions, unless a customer is asking them. Help in the fight against cancer and other serious illnesses.

10-29-2005, 04:25 PM	#2 (permalink)
40sondacurb #64 & #36 BACKBONE Join Date: Jan 2005 Posts: 5,804 OS: xp	This is a tough one; thy need to be punished for gouging, but at the same time we don't want to look too much like commies. __________________ Donate to keep the forum running "I know the human being and fish can coexist peacefully" -George W. Bush

10-29-2005, 04:27 PM	#3 (permalink)
Volt-Schwibe Asst. Manager, Automotive Forums; HJT Trainee Join Date: Jan 2003 Location: Behind you, watching you as you type. Posts: 7,241 OS: Click "My System" to view details My System	i got one thing to say. GO BIODIESEL! __________________ <signature> TSF is funded by our Admin's pocket, care to help? New Members: Subscribe to your thread (Thread Tools) to receive an instant email notification when you get a reply. Power Tip: Creating a single new thread in the correct section is the best way to assure your thread will receive a reply. </signature>

10-29-2005, 10:15 PM	#4 (permalink)
RavenMind I helped the forums. Join Date: Mar 2005 Location: Salt Lake Posts: 1,008 OS: WinXP SP2	Feh. The Feds regulate all the wrong things. Anybody remember the Bell company breakups in the 80s? (or was it late 70s... ). __________________ ========================================== If TSF has helped you, please consider making a donation to help keep the board running.

10-31-2005, 06:16 AM	#5 (permalink)
crazijoe Tech Hardware Forums Join Date: Oct 2004 Location: Omaha, The Center of the Universe Posts: 7,632 OS: WinXP, Win2K3 My System	Let's see. If I was a leader of a country and I had stocks in an oil company, would I do anything about it? __________________ Microsoft MCSA + Messaging, MVP, A+, Network+ Do you want a real Republican? HDD diagnostic tools / HDD data recovery software

10-31-2005, 06:41 AM	#6 (permalink)
ReeKorl Superhuman Computer Join Date: Mar 2005 Location: 6th Circle, The City of Dis, Hell Posts: 1,610 OS: WinXP Pro SP2 My System	Apart from sell the stock, start talking about regulating it, then re-buying the stock when it's dropped a few points? Nope. __________________ "Sorry, the number you have dialled is imaginary. Please rotate dial by 90 degrees and try again."

10-31-2005, 07:05 AM	#7 (permalink)
yustr Asst. Manager, The Conversation Pit Join Date: Sep 2004 Location: Connecticut shore Posts: 4,994 OS: XP Pro My System	Jefferson said that we get the government that we deserve. And in this case he's exactly correct. Our government will do nothing because we don't want them to. Sure we rant about high gasoline prices - but we still buy Suburbans. Prices go up but consumption doesn't go down. Take public transit to work - not me. All over Europe downtown areas are walking only – nope, too inconvenient. Our architecture does not reflect the local conditions - two story block houses in the desert southwest? The "ignorant" native peoples knew more 300 years ago. Over 20 years ago I talked with a guy who built a very lovely house that was totally energy independent - how many of those are there today? We don't think twice about driving 100 miles to celebrate Grandma's birthday - then turning around a coming home that same day. I could go on but you're getting tired of this rant and you're chilly so you have to get up and turn up the thermostat - so you can continue to lounge in shorts and a t-shirt... __________________ I didn't mean to say it. But I meant what I said. J. McMurtry In Vino Veritas

10-31-2005, 07:23 AM	#9 (permalink)
ReeKorl Superhuman Computer Join Date: Mar 2005 Location: 6th Circle, The City of Dis, Hell Posts: 1,610 OS: WinXP Pro SP2 My System	Parts of Europe may be like that, but we're not as well off in the UK either. Our government are making a huge push for people to use public transport, saying we don't need to use our own cars. What I want everyone here to do is for just one week, everyone who can use public transport, to do so, and not use their own cars, bikes etc. When the public transport system collapses under the sheer weight of people using it (and it will), then we can start bargaining with the government to lower tax on fuel. __________________ "Sorry, the number you have dialled is imaginary. Please rotate dial by 90 degrees and try again."

10-31-2005, 07:32 AM	#10 (permalink)
bry623 Manager, The Conversation Pit/Analyst, Security Team Join Date: Apr 2002 Location: NW Territory circa 1787 Posts: 10,621 OS: winxp pro sp2	OMG I do remember the bell breakup. Oil companies are not allowed to invest their profits into new refineries or drilling sites. Lift that ban and see what happens. My lefty pal is right.... until we conserve more and stop buying guzzlers gas will be high. We help set the price. I drive 75 miles round trip each day. I am able to coast 5-10 miles of my trip in neutral, depending on traffic. __________________ "Government is not the solution to our problem. Government is the problem." -Ronald Reagan

11-03-2005, 12:49 PM	#11 (permalink)
ebackhus Manager, Design Join Date: Apr 2005 Location: SATX Posts: 12,762 OS: WinXP Pro SP3 My System Blog Entries: 25	I'd take the bus, if they ran at 6am. Right now I'm moving to a house that's 3 minutes from where I work and I'll use my bike. Groceries are just down the road and I'll only need my car for business trips which happen like 2x a month. __________________ ----------------------------- There are no dumb questions, unless a customer is asking them. Help in the fight against cancer and other serious illnesses.

11-10-2005, 02:52 PM	#12 (permalink)
superflysmith An American Hero and Moderator, The Conversation Pit. Join Date: Oct 2004 Location: Milwaukee, WI Posts: 1,576 OS: XP PRO	What percent of profit equals gouging in everyones opinion? How much should a company be allowed to make on a dollar? __________________ "Some people go their whole life wondering if they ever made a difference. Marines don’t have that problem." Bush made the Packers lose

11-11-2005, 08:00 AM	#13 (permalink)
bry623 Manager, The Conversation Pit/Analyst, Security Team Join Date: Apr 2002 Location: NW Territory circa 1787 Posts: 10,621 OS: winxp pro sp2	Capitalism demands that you make as much profit as possible. If he were still alive Sam Walton would be the richest man in the world and nobody ever accused him of gouging. I think the oil companies should make as much profit as possible, but not the way they are doing it. Why is it that when they raise gas prices, it is almost always on a Thursday?? Oil companies raise and lower prices sporadically and without explanation. That is the problem with them. __________________ "Government is not the solution to our problem. Government is the problem." -Ronald Reagan

11-11-2005, 08:25 AM	#15 (permalink)
bry623 Manager, The Conversation Pit/Analyst, Security Team Join Date: Apr 2002 Location: NW Territory circa 1787 Posts: 10,621 OS: winxp pro sp2	Oil has been down all week and my gas proces just went up $.20/gal __________________ "Government is not the solution to our problem. Government is the problem." -Ronald Reagan Last edited by bry623 : 11-11-2005 at 08:26 AM.

11-11-2005, 08:52 AM	#16 (permalink)
superflysmith An American Hero and Moderator, The Conversation Pit. Join Date: Oct 2004 Location: Milwaukee, WI Posts: 1,576 OS: XP PRO	There are alot of variables that go into the pricing of fuel. Supply and demand plays a big part. I am like everyone else, I'd would love to see the days of $1 per gallon of gas but I think the oil companies have a long way to go go before they should be considered gouging. 9.8% on the dollar is far from gouging. If we want lower prices the government should ease up on regulations and allow more drilling. BTW my gas prices have been steadily going down for about a week and a half. But I live in Wisconsin so I probably still pay more than you. __________________ "Some people go their whole life wondering if they ever made a difference. Marines don’t have that problem." Bush made the Packers lose Last edited by superflysmith : 11-11-2005 at 08:54 AM.

11-11-2005, 11:07 AM	#17 (permalink)
bruiser TSF Enthusiast Join Date: Jul 2005 Posts: 1,685 OS: xp	Here is an interesting article on who is making the most money off gasoline.