Exxon Thanks You!
Freshman User
Joined: Jan 2008
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Ceo
Sorry but while Im jazzed on coffe hear me out. Instead of complaining about Joe Blow the CEO making too much money, be inspired to work harder and become what you want to be! If your a widget maker aspire to be the best widget maker and own the widget company someday! Reaganomics aint it COOL! I say this because my wife started out as and intern at a CPA firm but is now up for CFO cheif financial officer. She started out like many of us working at the mall, her father worked in a mill. Its sounds Gay but BE SOMEBODY!
Laughing Gas
Joined: Sep 2003
Posts: 852
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From: Billings, MT
The part that bothers me is that there is no competition between the oil companies. Heck we have 3 refineries here in the Billings area and you would think that we'd get a break? Some times we have higher prices than some towns in this state with no refineries.
Elder User
Joined: Oct 2006
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Originally Posted by Big Sky
The part that bothers me is that there is no competition between the oil companies. Heck we have 3 refineries here in the Billings area and you would think that we'd get a break? Some times we have higher prices than some towns in this state with no refineries.
Was also interesting to see that Exxon was part of OPEC.
Lead Driver
Joined: Jan 2006
Posts: 7,308
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From: Hartford, WI
Originally Posted by sarge rmb
Sorry but while Im jazzed on coffe hear me out. Instead of complaining about Joe Blow the CEO making too much money, be inspired to work harder and become what you want to be! If your a widget maker aspire to be the best widget maker and own the widget company someday! Reaganomics aint it COOL! I say this because my wife started out as and intern at a CPA firm but is now up for CFO cheif financial officer. She started out like many of us working at the mall, her father worked in a mill. Its sounds Gay but BE SOMEBODY!
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Postmaster
Joined: Jul 2006
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Originally Posted by sarge rmb
I think 3 bucks isnt that bad, if you cant afford it walk or go green.
Bottome line...... if gas had increased a dime a gallon per year for the last 20 years we wouldn't be in the mess we are in now. The economy and people could have adjusted to the small dime increase year to year. But to go from $1.19 to $3.15 a gallon in just a couple of years has caught everybody off guard and created one heck of a mess! While the oil companies are recording record profits. There's something wrong with this picture.
Lead Driver
Joined: Jan 2006
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From: Hartford, WI
Originally Posted by VaSheriff
A local travel agency just laid off 4 people where I live. A large regional clothing chain that has been in business for a hundred years just announced they are going out of business due to loss of sales. I could go on and on, but I think you get the point. Gas prices are what's taking us into the recession we find ourselves in now.
While the oil companies are recording record profits. There's something wrong with this picture.
While the oil companies are recording record profits. There's something wrong with this picture.
So that they are spending record money to make record profits makes no neverminds? Are you that hung up on the number that you cannot see anything else? Last year they talked about quarterly profits. This year they are talking about annual profits. About the same figure. Why? To get people like you more excited.
Lead Driver
Joined: Jan 2006
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From: Hartford, WI
Originally Posted by VaSheriff
Yes. I must be.
OTOH, it is a US business that is doing well, unlike say GM or Ford or other manufacturing.
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Joined: Jan 2008
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last one MAYBE
Change is sometimes good. With oil prices going up maybe the average joe will wake up and vote these lefty wackos out, and start building new refineries. We havent built a refinery since the 70's or longer. These lefties want Socialism to lead the way. Another thing, Im Cristian and believe God put everything we need on this earth. If we werent ment to use oil then whats it here for? It only lubricates things or burns. Why would he give us an achilles heel? Good discussion fellas no hard feelings. Its the American way. Like they say " You cant do this in China".
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Joined: Mar 2006
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The problem is that with oil the free market really is not working. Gas has become a neccesity of the most basic form. Without it we don't work, eat, go to school, vacation etc. Our country, for the most part, is set up so that driving to the store, work school etc is the only option.
If the oil companies are making record profits where is the low bidder to drive the price down? Why have the oil companies not been bidding the price down like Wal-Mart does? I think it may be because we as consumers have little choice about when we will buy gas, we need it nearly every week or so. There is no putting it off to the next pay day because if you do then you won't get to work and not have another payday. Also ther are really only a limited number of options in most regions to buy gas from, and they now ew need it and will pay whatever they charge, unlike the Christmas presents that we will cut back on to cover the gas bill.
So the record profits do matter regardless of the ROI #s, unless they are very very low. But an 11% return is darn good and there is clearly room for competition to undercut pricing to bring the price down, but it doesn't happen...does it.
If the oil companies are making record profits where is the low bidder to drive the price down? Why have the oil companies not been bidding the price down like Wal-Mart does? I think it may be because we as consumers have little choice about when we will buy gas, we need it nearly every week or so. There is no putting it off to the next pay day because if you do then you won't get to work and not have another payday. Also ther are really only a limited number of options in most regions to buy gas from, and they now ew need it and will pay whatever they charge, unlike the Christmas presents that we will cut back on to cover the gas bill.
So the record profits do matter regardless of the ROI #s, unless they are very very low. But an 11% return is darn good and there is clearly room for competition to undercut pricing to bring the price down, but it doesn't happen...does it.
Lead Driver
Joined: Jan 2006
Posts: 7,308
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From: Hartford, WI
Originally Posted by mfwhite22
So the record profits do matter regardless of the ROI #s, unless they are very very low. But an 11% return is darn good and there is clearly room for competition to undercut pricing to bring the price down, but it doesn't happen...does it.
Freshman User
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If I recall the Right wingers had been in control of the legislative branch from the early 1990s up until the most recent mid-term election. That would be over ten years of the "wacko leftys" not in control of what laws are presented to the Executive branch, the president" for signing. So if there is an issue of there not being enough refining capacity talk to those that had control of the law making power, the Republican congress.
Also I too am a christian but beleive that God gave us free will so that if we choice to use the gifts he gave us to destroy ourselves we could. Take atomic weaponry for one example. God gave it to us in the form of uranium and it could clearly end humanity if used.
Also I too am a christian but beleive that God gave us free will so that if we choice to use the gifts he gave us to destroy ourselves we could. Take atomic weaponry for one example. God gave it to us in the form of uranium and it could clearly end humanity if used.
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Europe pays more because of taxes...
If I had 40 billion $ to play with there is some wiggle room in the profit taking, and maybe cutting prices to up market share would be a wise move, however, they don't need to because market share probably never changes much because many drivers are set on what gas they will use, and we all need it.
My problem is that Gas seems to be outside of the free market controls. It is not anoption to purchase it, it is a must have all the time. Also there are no cheaper options. If I am poor and need to eat I stock up on cases of ramen noodles, there are no such options for fuel.
If I had 40 billion $ to play with there is some wiggle room in the profit taking, and maybe cutting prices to up market share would be a wise move, however, they don't need to because market share probably never changes much because many drivers are set on what gas they will use, and we all need it.
My problem is that Gas seems to be outside of the free market controls. It is not anoption to purchase it, it is a must have all the time. Also there are no cheaper options. If I am poor and need to eat I stock up on cases of ramen noodles, there are no such options for fuel.
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Postmaster
Joined: Jul 2006
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Originally Posted by aklim
.... it is a US business that is doing well, unlike say GM or Ford or other manufacturing.
can't afford to buy new cars and trucks since they are now spending $500 a month more for fuels.
