No one's paying attention but we're all paying.

yustr · 07-28-2006, 10:06 AM

Paying out the wazoo.

Lost in the pressing news of the day; hidden behind flames in the Middle East and Floyd Landis being a dope, and other high level topics worthy of our time like concerns over germs on communal yoga mats, is this tidbit:

Quote:

Big Oil is producing Big Earnings for the second quarter, led by Exxon Mobil’s 36% profit rise for the period, a massive $10.4 billion profit for the period. Along with Exxon, Royal Dutch Shell posted a 36% rise today, with profit of $6.31 billion...

Anyone up for a nice pleasant Sunday drive?

**manic** · 07-28-2006, 10:37 AM

The majority of people are like sheep. Oil for instance. Pump prices are
rising, are people getting mad, sure. How much of a increase will it take
to get really fed up, I would venture to guess around $4.00 a gal. I believe
it will reach at least that. Why are prices so high, oil futures are traded
daily in the stock market,,#1 problem. Why hasnt our government stepped
in? Reason #1 our president and his buddies, whom he owes favors to
are all heavily vested in oil. I would love to look into Bushs and Dicks stock
portfolio. never happen.
#2. Letting the gas prices skyrocket scares the sheep. There led to
believe that there is a shortage. "theres no shortage" The powers that
be then say we must drill more, explore more here in the USA, to make
up for this shortage. The sheep figures that has to be the thing to do
in order to bring prices down, and make up for a shortage. "which there
is not"
They already started drilling off the north slope in Alaska, which was
protected for along time. It seems big oil will start drilling more in the
gulf of mexico, right off of floridas coast, It will happen because the sheep
are scared. What the sheep dont understand is that most all of our oil
here in the U.S. is sent over seas. Sold to the highest bidder. Alot of
you sheep will disagree with me because you must follow party lines, the
time has come to think for yourself, and not be herded like f--ing sheep.

Dont get me started on the Iraq war, There oil production has never
halted, since day one of the war, who is profiting from that? Why has
the American people been footing billions of dollars for this quagmire.
Again the sheep got scared, remember the quote. "Dont let the smoking
gun be a mushroom cloud in the U.S."
Im sorry for ranting,, 10 years from now with this war, and others still
raging, there will be others,,you sheep can still blame Bill Clinton....
Stupid sheep,,,,,

daminox · 07-28-2006, 02:44 PM

sheep make daminox sad =(

**linderman** · 07-28-2006, 06:51 PM

This is not the first time big oil has pulled this stunt. The last time Jimmy Carter put windfall profits taxes on the big oil companies sucking in huge profits.

Anyone want to venture a guess when this admin will enact the windfalls profit tax ??????

in a time when the vast majority of corporations are struggling to stay alive Exxon and company are making more profit then ever in the history of the US; why is this occuring ???? doesnt anyone ever ask ?

**40sondacurb** · 07-28-2006, 07:58 PM

Quote:

Originally Posted by linderman

This is not the first time big oil has pulled this stunt. The last time Jimmy Carter put windfall profits taxes on the big oil companies sucking in huge profits.

Anyone want to venture a guess when this admin will enact the windfalls profit tax ??????

in a time when the vast majority of corporations are struggling to stay alive Exxon and company are making more profit then ever in the history of the US; why is this occuring ???? doesnt anyone ever ask ?

well events in the middle-east prevent the perpetude of price fluctuation from procrastinating and reacting to market trends outside of their basis.

Or they can so they will if you don't speak corporate *******.

**Fox** · 07-28-2006, 08:31 PM

Oh come on, as if the corporations want the prices to fall! I wonder how many of them have investments in munitions industries...

ebackhus · 07-29-2006, 09:40 AM

If gas reaches $3.50/gal for regular 87 unleaded then I'm gonna start raising some hell in any way I can. Anyone with me here?

**40sondacurb** · 07-29-2006, 12:12 PM

Quote:

Originally Posted by ebackhus

If gas reaches $3.50/gal for regular 87 unleaded then I'm gonna start raising some hell in any way I can. Anyone with me here?

We need a TSF bipartisan lobbying union. We agree on what needs to be done and write mass letters to our senators and congressmen.

**linderman** · 07-30-2006, 04:59 PM

at least assign some record income taxes to record profits isnt that the way its suppose to work >>>>>> unless you have the clout to block any such attempts

**Fox** · 07-30-2006, 05:03 PM

You know what, they benefit directly from the war, so why not put on a windfall tax to help pay for it too? I think they're a bunch of scumbags. Blood for oil? I sure hope not.

**40sondacurb** · 07-30-2006, 07:30 PM

Quote:

Originally Posted by Fox

You know what, they benefit directly from the war, so why not put on a windfall tax to help pay for it too? I think they're a bunch of scumbags. Blood for oil? I sure hope not.

I'd like to see a report of how many exxon assets were lost during both Gulf Wars, my guess is somewhere close to $0.

bry623 · 07-31-2006, 11:23 AM

Here is a good question: How would a windfall tax help bring down gas prices?

**manic** · 07-31-2006, 01:39 PM

Have the windfall tax pay the excise tax on gas. Never happen. The
question is a tough question. Its easy to say tax the bastards, but the
taxation would have to be substantial. Never happen. Biggest problem is
that oil is traded on the open market. I would like to see domestic oil
being sold at home, not exported. period. Then have some sort of
governing type of agency monitor gouging. We can ramble till the cows
come home, nuttin going to change. Politics hurts my brain.

ebackhus · 07-31-2006, 03:02 PM

Quote:

Originally Posted by bry623

Here is a good question: How would a windfall tax help bring down gas prices?

Extra pressure on them. When I make more money, I'm taxed more heavily. When income surpasses the GDP of some other nations then it's high time something is done.

**bruiser** · 07-31-2006, 03:26 PM

Who do you people think would pay the windfall taxes? That's right, you'd pay at the pump.

**40sondacurb** · 07-31-2006, 04:14 PM

Well then screw the tax let's just regulate oil.

**bruiser** · 07-31-2006, 06:20 PM

OPEC is already regulating oil.

**Fox** · 07-31-2006, 11:11 PM

Ha! Ha! Hahahahahaha!

Zazula · 08-01-2006, 01:25 AM

I don't know if it'll be of any use for you to realize that OPEC controls less than half of the world's oil production!

Here's the list of Oil producing countries: http://en.wikipedia.org/wiki/List_of_Oil_Trading_Nations
I took this list, fiddled a bit in MS Excel, and came up with the following table (OPEC members are the nations written in italics, all production numbers are millions of barrels per day):

crazijoe · 08-01-2006, 05:52 AM

Quote:

Originally Posted by manic

Never happen. Biggest problem is
that oil is traded on the open market. I would like to see domestic oil
being sold at home, not exported. period.

This is the biggest problem.

07-28-2006, 10:37 AM	#2 (permalink)
manic Mod Hardware Team Join Date: Aug 2005 Location: Florida Posts: 5,245 OS: xp	The majority of people are like sheep. Oil for instance. Pump prices are rising, are people getting mad, sure. How much of a increase will it take to get really fed up, I would venture to guess around $4.00 a gal. I believe it will reach at least that. Why are prices so high, oil futures are traded daily in the stock market,,#1 problem. Why hasnt our government stepped in? Reason #1 our president and his buddies, whom he owes favors to are all heavily vested in oil. I would love to look into Bushs and Dicks stock portfolio. never happen. #2. Letting the gas prices skyrocket scares the sheep. There led to believe that there is a shortage. "theres no shortage" The powers that be then say we must drill more, explore more here in the USA, to make up for this shortage. The sheep figures that has to be the thing to do in order to bring prices down, and make up for a shortage. "which there is not" They already started drilling off the north slope in Alaska, which was protected for along time. It seems big oil will start drilling more in the gulf of mexico, right off of floridas coast, It will happen because the sheep are scared. What the sheep dont understand is that most all of our oil here in the U.S. is sent over seas. Sold to the highest bidder. Alot of you sheep will disagree with me because you must follow party lines, the time has come to think for yourself, and not be herded like f--ing sheep. Dont get me started on the Iraq war, There oil production has never halted, since day one of the war, who is profiting from that? Why has the American people been footing billions of dollars for this quagmire. Again the sheep got scared, remember the quote. "Dont let the smoking gun be a mushroom cloud in the U.S." Im sorry for ranting,, 10 years from now with this war, and others still raging, there will be others,,you sheep can still blame Bill Clinton.... Stupid sheep,,,,, __________________ Last edited by manic; 07-28-2006 at 10:48 AM.

07-28-2006, 02:44 PM	#3 (permalink)
daminox Registered User Join Date: Jul 2006 Location: western Maryland, USA Posts: 46 OS: XP	sheep make daminox sad =( __________________ Pentium 4, 3.0 GHz, 1 GB RAM ATI Radeon x800 128mb PCI-E graphics, CD-RW, DVD-ROM 330 GB internal SATA storage, 120 GB external and my favoritest gaming mouse ever- a Dell default 3-button ball mouse =D

07-28-2006, 06:51 PM	#4 (permalink)
linderman Moderator, Hardware Team Join Date: May 2005 Posts: 20,437 OS: win 2000 pro / Win XP pro My System	This is not the first time big oil has pulled this stunt. The last time Jimmy Carter put windfall profits taxes on the big oil companies sucking in huge profits. Anyone want to venture a guess when this admin will enact the windfalls profit tax ?????? in a time when the vast majority of corporations are struggling to stay alive Exxon and company are making more profit then ever in the history of the US; why is this occuring ???? doesnt anyone ever ask ? __________________ I still know nothing and I respect that fact, striving to improve and, along the way, help anyone that comes from the place that I used to be! Power Supply Selection LEARN TO BACK-UP YOUR DATA FREE & EASY YouTube - Runtime Software DriveImage XML tutorial

07-28-2006, 08:31 PM	#6 (permalink)
Fox TSF Enthusiast Join Date: Sep 2002 Location: NJ Posts: 7,752 OS: XP Pro, CentOS My System	Oh come on, as if the corporations want the prices to fall! I wonder how many of them have investments in munitions industries... __________________ Antec Neo Power 500W, ABIT IP35-E, Intel E2180@2.66Ghz, Corsair XMS2 2x1GB DDR2-800, PNY 8800GT, 320GB Seagate * lazy college student alert *- If I've inadvertently ignored a thread, please Let me know about it Have I helped you solve your problem? Donate to Techsupportforums Klart Skepp!

07-29-2006, 09:40 AM	#7 (permalink)
ebackhus Manager, Design Join Date: Apr 2005 Location: SATX Posts: 14,282 OS: WinXP Pro SP3/Windows 7 RTM My System Blog Entries: 28	If gas reaches $3.50/gal for regular 87 unleaded then I'm gonna start raising some hell in any way I can. Anyone with me here? __________________ ----------------------------- There are no dumb questions, unless a customer is asking them. Help in the fight against cancer and other serious illnesses.

07-30-2006, 04:59 PM	#9 (permalink)
linderman Moderator, Hardware Team Join Date: May 2005 Posts: 20,437 OS: win 2000 pro / Win XP pro My System	at least assign some record income taxes to record profits isnt that the way its suppose to work >>>>>> unless you have the clout to block any such attempts __________________ I still know nothing and I respect that fact, striving to improve and, along the way, help anyone that comes from the place that I used to be! Power Supply Selection LEARN TO BACK-UP YOUR DATA FREE & EASY YouTube - Runtime Software DriveImage XML tutorial

07-30-2006, 05:03 PM	#10 (permalink)
Fox TSF Enthusiast Join Date: Sep 2002 Location: NJ Posts: 7,752 OS: XP Pro, CentOS My System	You know what, they benefit directly from the war, so why not put on a windfall tax to help pay for it too? I think they're a bunch of scumbags. Blood for oil? I sure hope not. __________________ Antec Neo Power 500W, ABIT IP35-E, Intel E2180@2.66Ghz, Corsair XMS2 2x1GB DDR2-800, PNY 8800GT, 320GB Seagate * lazy college student alert *- If I've inadvertently ignored a thread, please Let me know about it Have I helped you solve your problem? Donate to Techsupportforums Klart Skepp!

07-31-2006, 11:23 AM	#12 (permalink)
bry623 Manager, The Conversation Pit/Analyst, Security Team Join Date: Apr 2002 Location: NW Territory circa 1787 Posts: 11,692 OS: winxp pro sp2	Here is a good question: How would a windfall tax help bring down gas prices? __________________ "If you aren't a liberal when you're 20, you have no heart. If you aren't a conservative when you are 50, you have no brain"

07-31-2006, 01:39 PM	#13 (permalink)
manic Mod Hardware Team Join Date: Aug 2005 Location: Florida Posts: 5,245 OS: xp	Have the windfall tax pay the excise tax on gas. Never happen. The question is a tough question. Its easy to say tax the bastards, but the taxation would have to be substantial. Never happen. Biggest problem is that oil is traded on the open market. I would like to see domestic oil being sold at home, not exported. period. Then have some sort of governing type of agency monitor gouging. We can ramble till the cows come home, nuttin going to change. Politics hurts my brain. __________________

07-31-2006, 03:26 PM	#15 (permalink)
bruiser TSF Enthusiast Join Date: Jul 2005 Posts: 1,974 OS: xp	Who do you people think would pay the windfall taxes? That's right, you'd pay at the pump.

07-31-2006, 04:14 PM	#16 (permalink)
40sondacurb Don't be a menace Join Date: Jan 2005 Posts: 6,285 OS: Vista sp2	Well then screw the tax let's just regulate oil. __________________ Donate to keep the forum running

07-31-2006, 06:20 PM	#17 (permalink)
bruiser TSF Enthusiast Join Date: Jul 2005 Posts: 1,974 OS: xp	OPEC is already regulating oil.

07-31-2006, 11:11 PM	#18 (permalink)
Fox TSF Enthusiast Join Date: Sep 2002 Location: NJ Posts: 7,752 OS: XP Pro, CentOS My System	Ha! Ha! Hahahahahaha! __________________ Antec Neo Power 500W, ABIT IP35-E, Intel E2180@2.66Ghz, Corsair XMS2 2x1GB DDR2-800, PNY 8800GT, 320GB Seagate * lazy college student alert *- If I've inadvertently ignored a thread, please Let me know about it Have I helped you solve your problem? Donate to Techsupportforums Klart Skepp!

08-01-2006, 01:25 AM	#19 (permalink)
Zazula Manager Emeritus, I'm blond, James Blond Join Date: Apr 2006 Location: Athens, Greece Posts: 7,667 OS: Win XP Pro SP2	OPEC and oil prices I don't know if it'll be of any use for you to realize that OPEC controls less than half of the world's oil production! Here's the list of Oil producing countries: http://en.wikipedia.org/wiki/List_of_Oil_Trading_Nations I took this list, fiddled a bit in MS Excel, and came up with the following table (OPEC members are the nations written in italics, all production numbers are millions of barrels per day): __________________ "Time is the wisest because it discovers everything" Thales of Miletus (ca.624BC-ca.546BC) "Everything flows, nothing stands still." Heraclitus of Ephesus (ca.535BC-475BC) "One thing I know, that I know nothing" Socrates of Athens (ca.470BC–399BC)