Exxon sets another record
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Post Fiend
Joined: Mar 2002
Posts: 19,402
Likes: 38
From: Bonita Springs FL
Exxon sets another record
http://www.foxnews.com/story/0,2933,249326,00.html
$39,500,000,000.00 in profits in one year alone - all out of my pocket and yours.
Sickening, isn't it? Isn't it time we do something about this?
$39,500,000,000.00 in profits in one year alone - all out of my pocket and yours.
Sickening, isn't it? Isn't it time we do something about this?
Senior User
Joined: Jan 2007
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They want to insure that they and their childrens great grandchildren will retain a place of control in our society by having money in the many years to come.....whats wrong with that, If you got the money the rest of the world can starve and die and you will still be able to drive any car and live any place and buy anything.........the american way
Post Fiend
Joined: Jan 2006
Posts: 14,941
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From: North of Normal
Wasn't there a thread on how to make your own methanol in the alternative fuel forums?
If it really works and we make our own fuel that would level the playing field if enough people do it.
If it really works and we make our own fuel that would level the playing field if enough people do it.
Fleet Mechanic
Joined: Aug 2005
Posts: 1,690
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$39,500,000,000.00 in profits in one year alone - all out of my pocket and yours.
Fleet Mechanic
Joined: Nov 2004
Posts: 1,857
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From: Northern CA
I don't know about y'all, but last month when the price of oil was around $50 a barrel, us out on the left coast were still paying upwards of $2.50 gal.
Supply & demand my ***. They demand, we supply...the cash!
I already quit driving the beater, for the most part. And the SD rarely gets to play. Drive around most of the time in a ricer anymore...got no choice with a 100 mile a day commute.
Supply & demand my ***. They demand, we supply...the cash!
I already quit driving the beater, for the most part. And the SD rarely gets to play. Drive around most of the time in a ricer anymore...got no choice with a 100 mile a day commute.
Tuned
Joined: Oct 2003
Posts: 390
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From: Maine
I would like to see fuel prices go down, just like anyone else, but the average profit by the oil company is 5.9 cents per dollar sold. Average tax taken from your pockets by federal, state, and local is approximately 20 cents per dollar sold. Who's making more? Not trying to start anything, just pointing out a fact.
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Post Fiend
Joined: Mar 2002
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From: Bonita Springs FL
Originally Posted by jetdoc
Was that link from Fox Andy???(jk) I'm surprised!!!
I actually read lots of news sites.dadsgreenpsd - so you're saying that Exxon sold $671,500,000,000 worth of gas last year? Did I do the math right or does that sound like a lot of gas?
Senior User
Joined: Apr 2005
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From: Pittsburgh
Actually, the taxes are about 20 cents per gallon sold. The gas stations I know make about 8-12 cents per gallon, tops. I've actually known a few that have lost money per gallon, because prices went down after they got their shipment. So, 20+12=32 cents per gallon that doesn't change. You can't tell me that these sudden, everyday price changes are because Exxon is only making 5.9 cents per dollar sold (which by the way, can't be true-analysts state that exxon makes the normal profit margin of 10-15%.)
Post Fiend
Joined: Dec 2005
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Originally Posted by dadsgreenpsd
I would like to see fuel prices go down, just like anyone else, but the average profit by the oil company is 5.9 cents per dollar sold. Average tax taken from your pockets by federal, state, and local is approximately 20 cents per dollar sold. Who's making more? Not trying to start anything, just pointing out a fact.
i have always a will always think the same. my thoughts are that the GOV (local and fed) don't want to reduce the amount of fuel used, if you look at the amount of revenue generated by fuel use, they would never want to reduce it, nor would they raise taxes, it is political suicide just about for any politician.
thats also why i think that diesel is so high, the threat of car makers developing efficient diesel engines probably put the scare in the governemnt. think about how much revenue they would lose if poeple started investing in diesel tech than driving the gas guzzler engines around. the price hike of diesel has pretty much scared the heck out of any investment.
i don't care what anyone says, the oil industry and the governemnt are hand and foot with each other, business and governemnt historically have always been together, how you think we got hawaii? so to think that they aren't now is ridiculous.
but yet america refuses to invest into any real mass trans options, and the commute time have increased steadily over the years due to the high cost of housing to live close to a job.
but hey, anything for money.
Fleet Mechanic
Joined: Nov 2004
Posts: 1,857
Likes: 5
From: Northern CA
How do you get 5.9c/gal when the price of crude has fluctuated 30% over the last 2 months.
Andy,
What is after trillion? We'll need to know for next quarter's results.
Originally Posted by dadsgreenpsd
I would like to see fuel prices go down, just like anyone else, but the average profit by the oil company is 5.9 cents per dollar sold. Average tax taken from your pockets by federal, state, and local is approximately 20 cents per dollar sold. Who's making more? Not trying to start anything, just pointing out a fact.
Andy,
What is after trillion? We'll need to know for next quarter's results.