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Exxon Mobil Can Go To Hell!  
User currently offlineAirTran737 From United States of America, joined Apr 2004, 3704 posts, RR: 12
Posted (8 years 5 months 2 days 9 hours ago) and read 3020 times:
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Gas just pushed up to $3.03 per gallon for 87 octane. This is my official "Fuck You Guys" thread to the oil companies. Why in the hell are they running at 85% capacity? This is bullshit, these people should be shot for what they're doing to the American consumer. I'm a die-hard Republican, but I hate these guys. They deserve a Cleveland Steamer, and then they deserve to die of Gonorrhea and rot in hell.


Nice Trip Report!!! Great Pics, thanks for posting!!!! B747Forever
113 replies: All unread, showing first 25:
 
User currently offlineSTLGph From United States of America, joined Oct 2004, 9363 posts, RR: 26
Reply 1, posted (8 years 5 months 2 days 9 hours ago) and read 3014 times:

Well, die hard Republican, you get what you vote for.

A few weeks ago on a re-run of Saturday Night Live, they mentioned how "Governor Bush of Texas" was criticizing President Clinton that despite supporting the temporary lowering of taxes collected by the governments at the pump to help bring the price down, that he just wasn't doing enough.

I recall watching that episode back in 2000, and if I believe, gas was around $1.69 a gallon then?

[Edited 2006-04-19 21:35:30]


if assumptions could fly, airliners.net would be the world's busiest airport
User currently offlineAloges From Germany, joined Jan 2006, 8707 posts, RR: 42
Reply 2, posted (8 years 5 months 2 days 9 hours ago) and read 2993 times:

Quoting AirTran737 (Thread starter):
I'm a die-hard Republican, but I hate these guys.

Well, the Republican administration being best of friends with the oil industry might just not be doing the trick to bring down prices at the pump... but hey, at least they're posting record profits.



Walk together, talk together all ye peoples of the earth. Then, and only then, shall ye have peace.
User currently offlineAirTran737 From United States of America, joined Apr 2004, 3704 posts, RR: 12
Reply 3, posted (8 years 5 months 2 days 8 hours ago) and read 2976 times:
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Well the things that keep me a Repub have nothing to do with Oil, so I have no problem hating those assholes.


Nice Trip Report!!! Great Pics, thanks for posting!!!! B747Forever
User currently offlineMrChips From Canada, joined Mar 2005, 932 posts, RR: 0
Reply 4, posted (8 years 5 months 2 days 8 hours ago) and read 2972 times:

Quoting AirTran737 (Thread starter):
Why in the hell are they running at 85% capacity? This is bullshit, these people should be shot for what they're doing to the American consumer

With my brother and father working in the oilpatch as engineers, I must take exception to this statement. There are very good reasons why oil companies don't produce as much oil as they can:

1) In the actual extraction process in which you pump the oil out of the ground, the rate at which you pump the oil out directly influences the lifespan of the well. The thing is, it isn't a proportional rate; if a well has been tested at 1000 barrels/day, it might only economically viable for 10 years at that rate. If you back off to 800 barrels/day, it might last 20. The problem is associated with gas (methane) that is generally part of an oil-bearing rock structure - the gas provides much of the pressure needed to push the oil to the surface.

There have been tons of examples here in Alberta of companies going all stupid when they get a huge new well, producing the hell out of it and having their brains blown out three years later because they depleted the well prematurely without fully recovering the cost of developing the well (depending on the location, this can cost up to $30 million per well).

2) The REAL bottleneck in the gasoline supply chain right now is refinery capacity. There are any number of reasons why refineries only run at 85% capacity - maintenance problems are common, especially in older refineries, so entire units have to be shut down for weeks or months at a time. The 2005 hurricanes are still affecting many of the refineries in the Gulf Coast area, and will continue to do so for the next few months as they are repaired and brought back online. Also, environmental laws prevent refineries from operating at full capacity, as they might only be allowed to release a certain amount of a pollutant per day or per year, or they may only be allowed to store a certain amount of stock or product at any given time on-site.

There are other reasons that I can't think of, but remember this when you're at the pump filling up - high oil prices are actually a secondary factor in the high cost of gasoline currently. Let's use some common sense here - if the oil companies have the ability to economically produce more gasoline right now at current prices, why wouldn't they? An increase in production of even 1% would have little effect on prices, yet would boost profits even higher.

[Edited 2006-04-19 21:58:13]


Time...to un-pimp...ze auto!
User currently offlineMaury From United States of America, joined May 2005, 532 posts, RR: 2
Reply 5, posted (8 years 5 months 2 days 8 hours ago) and read 2972 times:

Can all of those fears and hatreds really be good for a person? Besides, what do Danish Republicans have to do with the price of US gasoline anyway? Shell's Dutch, not Danish.

Unfettered capitalism sucks when it harms *you*, doesn't it.


User currently offlineAirTran737 From United States of America, joined Apr 2004, 3704 posts, RR: 12
Reply 6, posted (8 years 5 months 2 days 8 hours ago) and read 2949 times:
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Quoting Maury (Reply 5):
Can all of those fears and hatreds really be good for a person? Besides, what do Danish Republicans have to do with the price of US gasoline anyway? Shell's Dutch, not Danish.

Unfettered capitalism sucks when it harms *you*, doesn't it.

I'm an American, I changed my flag to the Danish flag as a sing of support to them when the radical Muslims were blowing their shit up for showing a cartoon of the Prophet.



Nice Trip Report!!! Great Pics, thanks for posting!!!! B747Forever
User currently offlineAirframeAS From United States of America, joined Feb 2004, 14150 posts, RR: 24
Reply 7, posted (8 years 5 months 2 days 8 hours ago) and read 2939 times:

It has alot to do with OPEC pushing the price if crude oil at over $65 a barrel, I believe....or is that price wrong?

It then forces the gas companies to pass the increased costs to the customers.

Edit add: Right now its $2.79 a gallon in Ahwatukee, AZ on Elliot and 48th Street. This is why I started carpooling to school now. bigthumbsup 

[Edited 2006-04-19 22:25:43]


A Safe Flight Begins With Quality Maintenance On The Ground.
User currently offlineTWFirst From Vatican City, joined Apr 2000, 6346 posts, RR: 51
Reply 8, posted (8 years 5 months 2 days 8 hours ago) and read 2932 times:

I have a great, yet somewhat radical idea for lowering gas prices (not that I give a flying frig about them anyway...personally, I'm all for $5/gallon gas):

Use less gas.

As we all know from economics 101, if demand goes down and supply stays the same, prices will go down.

How do you use less gas?

Everyone should be thinking of ways... YESTERDAY.

We better hope to high heaven that the oil companies are taking their fat profits and investing them into non carbon-based alternative energy research... hopefully, one day, ExxonMobil, Shell, ChevronTexaco, will all have totally transformed themselves into Hydrogen Fuel Cell production/supply chain development.... or something similar.



An unexamined life isn't worth living.
User currently offlineSv7887 From United States of America, joined May 2008, 1025 posts, RR: 0
Reply 9, posted (8 years 5 months 2 days 8 hours ago) and read 2919 times:

Quoting STLGph (Reply 1):
Well, die hard Republican, you get what you vote for.

It really has nothing to do with that..Part of the oil price increase is due to speculation on Iraqi, Nigerian and Iranian supplies being curtailed. People need to wake up and realize a fair chunk of the world's oil supplies are not located in stable areas.

Second, the US prices are being driven by demand. Fuel Economy standards in the USA are lower than the rest of the world. If the US wants lower gas prices, start increasing fuel economy standards! You can't have the Hummer and cheap gas at once! Make the SUV's go away and you'll see a drop in price.

I don't want to hear about how people "Need" an SUV...What do you think people did 20 years ago? They used a station wagon. Need winter traction? Put a set of snow tires on the car..With the exception of builders I don't see why ordinary people need those things..

The US has failed to learn from the oil crisis of the 1970's. Taking the low price of oil for granted has bit US automakers in the @ss. GM and Ford bet heavily on the SUV craze and now are paying for it. Not smart thinking...

In Europe 50% of all new cars sold are now Diesel powered.To give an example, a Mercedes E Class (E320 CDI) Diesel give s 27 MPG in the city and 37 MPG on the highway. With Ultra Low Sulfur Diesel, pollution is not the problem it once was..

If we follow Europe's path, then we can contain this. Otherwise, the prices will continue to go up. We have to realize Oil is a natural resource that can be exhausted...Drilling in Alaska isn't the answer, development of conservation technology and alternative fuels is...

-Sam


User currently offline777236ER From , joined Dec 1969, posts, RR:
Reply 10, posted (8 years 5 months 2 days 8 hours ago) and read 2905 times:

Why not buy a diesel car? Put some solar panels on your roof? Put a wind generator on your roof? Start writing to your politicians asking them to give tax breaks to companies developing alternate technologies?

User currently offlineAirframeAS From United States of America, joined Feb 2004, 14150 posts, RR: 24
Reply 11, posted (8 years 5 months 2 days 8 hours ago) and read 2901 times:

Quoting 777236ER (Reply 10):
Why not buy a diesel car?

Isnt Diesel generally more expensive in the U.S.??

Quoting Sv7887 (Reply 9):
I don't want to hear about how people "Need" an SUV



Quoting Sv7887 (Reply 9):
GM and Ford bet heavily on the SUV craze and now are paying for it

Last time I checked, SUV sales have declined in the last year or so. Personally, I hate SUV's....they serve no purpose but guzzle gas, PERIOD!! Im all for hybrid cars these days. Who cares how fast they go, they still get you to your destination safely one way or another AND saves the environment too!



A Safe Flight Begins With Quality Maintenance On The Ground.
User currently offlineIowaman From United States of America, joined May 2004, 4400 posts, RR: 6
Reply 12, posted (8 years 5 months 2 days 8 hours ago) and read 2892 times:
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Quoting STLGph (Reply 1):
I recall watching that episode back in 2000, and if I believe, gas was around $1.69 a gallon then?

Not sure about 2000, but the average price of regular unleaded gas per gallon in 1999 was $1.17!

Quoting MrChips (Reply 4):
An increase in production of even 1% would have little effect on prices, yet would boost profits even higher.

Actually, it would. They have made supplies so tight that a 1% increase in production would make a somewhat noticeable difference in prices.

What really annoys me is OPEC could easily put out more oil if they wanted. Production was cut by 1,000,000 barrels in 2001, which is what started the slow but steady increase in prices. Just a few weeks ago they were looking at cutting production by another 500,000 barrels. I don't buy this supply shortage crap, it's all cause they want to keep prices jacked up. Even worse is these biased farmers in Iowa, this 10 or sometimes 15% ethanol in a gallon of gas isn't really helping the situation any. First off, it all has to be trucked in from the refineries to these ethanol plants usually in the middle of no where, which in turn burns a lot of gas. Then it has to be mixed in with regular gas, which these plants use a decent amount of energy. Then, it has to be trucked back out with only 15% corn added to the mix. It's not really worth it. And even if they wanted, they can't pipe the new E85 ethanol, cause it's so damn corrosive on the pipelines, not to mention how hard it is on your car engine.



Next flights: WN DSM-LAS-PHX, US PHX-SJD. Return: US SJD-PHX, WN PHX-MDW-DSM
User currently offlineAirframeAS From United States of America, joined Feb 2004, 14150 posts, RR: 24
Reply 13, posted (8 years 5 months 2 days 7 hours ago) and read 2876 times:

Quoting Iowaman (Reply 12):
What really annoys me is OPEC could easily put out more oil if they wanted.

I heard OPEC decided to cut back on production which in effect raises prices.



A Safe Flight Begins With Quality Maintenance On The Ground.
User currently offlineSv7887 From United States of America, joined May 2008, 1025 posts, RR: 0
Reply 14, posted (8 years 5 months 2 days 7 hours ago) and read 2871 times:

Quoting Iowaman (Reply 12):
What really annoys me is OPEC could easily put out more oil if they wanted. Production was cut by 1,000,000 barrels in 2001, which is what started the slow but steady increase in prices. Just a few weeks ago they were looking at cutting production by another 500,000 barrels. I don't buy this supply shortage crap, it's all cause they want to keep prices jacked u

They also want to conserve their supply. We aren't the only ones demanding the oil, have a look at China and India. They are growing and hungry for the oil based resources needed to grow their infrastructure.

It is a demand problem: OPEC is pushing close to their maximum capacity. As a previous poster said, it's the Refinery Capacity that is the problem in the USA. Also, tensions in the Middle East and Africa are not helping..

Quoting AirframeAS (Reply 11):
Last time I checked, SUV sales have declined in the last year or so. Personally, I hate SUV's....they serve no purpose but guzzle gas, PERIOD!! Im all for hybrid cars these days. Who cares how fast they go, they still get you to your destination safely one way or another AND saves the environment too!

You are right, "New SUV sales" have declined, but the old ones are still out there. Hybrids aren't that great at conservation, but are good for the emissions angle. Have a look at the Toyota Highlander Hybrid, Lexus RX400h, and Lexus GS450H reviews. They aren't lauded for their fuel conservation ability. The Prius is better, but there are widespread complaints about them not delivering the gas mileage on the sticker.

Quoting AirframeAS (Reply 11):
Isnt Diesel generally more expensive in the U.S.??

It is slightly more expensive than Regular Unleaded, but you nearly double your range on a tank of diesel versus gasoline. Europe does subsidize Diesel to some extent, but still the monetary benefits do exist in the USA.


User currently offlineA332 From Canada, joined Feb 2005, 1644 posts, RR: 2
Reply 15, posted (8 years 5 months 2 days 7 hours ago) and read 2864 times:

Regardless of supply & demand, there is simply no excuse for oil companies to be raking in billions of dollars in profits... that is absolute horse crap...

If the prices were high and the oil companies were only raking in slight profits after expenses, they would look a little better and people might give them just a little more credit!

My .02



Bad spellers of the world... UNTIE!
User currently offlineRichardPrice From , joined Dec 1969, posts, RR:
Reply 16, posted (8 years 5 months 2 days 7 hours ago) and read 2858 times:

Suck it up, most of the rest of the world has been paying these sort of prices for most of a decade now and we all learnt to live with it - so will you.

To give you an idea, prices in the UK are around £0.93p a litre at the pump, or £3.53 per US Gallon (3.8 litres).

At todays exchange rate of £1.00 == $1.792, that gives us a figure of $6.32 per US Gallon. We drool at your $3.03/Gal and laugh at your outrage.


User currently offlineMaverickM11 From United States of America, joined Apr 2000, 17491 posts, RR: 45
Reply 17, posted (8 years 5 months 2 days 7 hours ago) and read 2858 times:

It has just about nothing to do with the oil companies. If you want to shoot anyone, shoot an OPEC member.


E pur si muove -Galileo
User currently offlineSv7887 From United States of America, joined May 2008, 1025 posts, RR: 0
Reply 18, posted (8 years 5 months 2 days 7 hours ago) and read 2852 times:

Quoting A332 (Reply 15):
Regardless of supply & demand, there is simply no excuse for oil companies to be raking in billions of dollars in profits... that is absolute horse crap...

If the prices were high and the oil companies were only raking in slight profits after expenses, they would look a little better and people might give them just a little more credit!

This is Capitalism...They serve their stockholders and not the general public...What part of this can't people on Anet understand??? Go ask the Soviet Union how well Communism worked out.

Why shouldn't they be making money?? They make a product that is in high demand..Why shouldn't they be allowed to profit? Do you have any idea how many Billions of dollars is costs to a) find oil b) extract the oil and c) produce the oil?

They are behaving no differently than any other capitalist company.

People need to stop blaming the oil companies and look at their own activities..

Have a look at this article:
http://money.cnn.com/2006/04/19/markets/eia_oil/index.htm


If blaming the oil companies make you feel better, then by all means blame them. But you're out of touch with reality if you really believe that..

-Sam

[Edited 2006-04-19 23:10:17]

User currently offlineA332 From Canada, joined Feb 2005, 1644 posts, RR: 2
Reply 19, posted (8 years 5 months 2 days 7 hours ago) and read 2839 times:

Quoting Sv7887 (Reply 18):
This is Capitalism...They serve their stockholders and not the general public...What part of this can't people on Anet understand??? Go ask the Soviet Union how well Communism worked out.

Why shouldn't they be making money?? They make a product that is in high demand..Why shouldn't they be allowed to profit? Do you have any idea how many Billions of dollars is costs to a) find oil b) extract the oil and c) produce the oil?

Riiight... as the world's economy goes into the toilet because of high oil prices... that is a perfect reason for oil companies to be raking in record profits while forcing the average American/Canadian further into the poor house...

Sorry... it's not that I don't understand how capitalism works... I just don't understand how people like yourself can justify this bullshit...

You DID do a good job of that, by the way...  Wink



Bad spellers of the world... UNTIE!
User currently offlineYeahitsk From , joined Dec 1969, posts, RR:
Reply 20, posted (8 years 5 months 2 days 7 hours ago) and read 2833 times:

Quoting Sv7887 (Reply 9):
We have to realize Oil is a natural resource that can be exhausted...Drilling in Alaska isn't the answer, development of conservation technology and alternative fuels is...

We would be so much better off if people realized this in general, which I'm not sure that they do, and actually worked towards these goals. Yes people are now working towards these goals, but I mean massive efforts. Anybody and everybody complains about high gas prices and politicians don't seem interested in addressing the problem. You can't blame working people for complaining about high gas prices. As you mentioned this is an exhaustable resource, so regardless of what politicians do or say this problem is only going to get worse from here on out. What we really need are some brilliant minds developing suitable, sustainable, and non-polluting fuels and engines. I don't trust the oil companies to fund such things on their own, the anwers aren't going to come from them. I wouldn't be suprised if they were trying to suppress such developments considering the profit potential of their current business models.


User currently offlineAloges From Germany, joined Jan 2006, 8707 posts, RR: 42
Reply 21, posted (8 years 5 months 2 days 7 hours ago) and read 2822 times:

Quoting Sv7887 (Reply 18):
This is Capitalism...They serve their stockholders and not the general public...What part of this can't people on Anet understand??? Go ask the Soviet Union how well Communism worked out.

Interfering with price gouging equals communism? That's news to me. In my book, a cartel formed by capitalist companies is actually more akin to communism than a government interfering with that cartel.

Quoting Sv7887 (Reply 18):
Why shouldn't they be making money?? They make a product that is in high demand..Why shouldn't they be allowed to profit? Do you have any idea how many Billions of dollars is costs to a) find oil b) extract the oil and c) produce the oil?

No one said they shouldn't be profiting. People are mad because they make absurd profits. That's very different! If, say, someone makes a nice living off of his private business, maybe doesn't even work his behind off, because he took a few good decisions and was lucky a couple of times, then bless him!

But an international multi-billion dollar corporation raking in absurd amounts of money while poisoning thousands of people in places such as Nigeria simply doesn't make many people rejoice... especially if they struggle to make ends meet because of it.

As for the money oil companies need to explore new oil fields - is that not, in general terms, subtracted from their profits? I know they need today's profits for tomorrow's exploration, but then again, I've never heard of an oil company posting a loss.

Quoting Sv7887 (Reply 18):
They are behaving no differently than any other capitalist company.

They are, because they are different than any other capitalist company. They sell goods our societies need like they need water.

Are oil companies the only ones to blame for high prices? Certainly not, we need to look no further than Dubai to see where much of the money goes, but they're still making immense profits off of "average Joe".



Walk together, talk together all ye peoples of the earth. Then, and only then, shall ye have peace.
User currently offlineMaverickM11 From United States of America, joined Apr 2000, 17491 posts, RR: 45
Reply 22, posted (8 years 5 months 2 days 7 hours ago) and read 2822 times:

Quoting Sv7887 (Reply 18):
If blaming the oil companies make you feel better, then by all means blame them. But you're out of touch with reality if you really believe that..

True.

Quoting A332 (Reply 15):
Regardless of supply & demand, there is simply no excuse for oil companies to be raking in billions of dollars in profits... that is absolute horse crap...

Were you crying for them when they were losing billions of dollars and laying off people by the thousands? I'm guessing not.

Quoting Sv7887 (Reply 9):
We have to realize Oil is a natural resource that can be exhausted...Drilling in Alaska isn't the answer, development of conservation technology and alternative fuels is...

That's a nice idea, but the instant that happens OPEC will drop the price of oil to make those new technologies extremely unappealing.



E pur si muove -Galileo
User currently offlineRichardPrice From , joined Dec 1969, posts, RR:
Reply 23, posted (8 years 5 months 2 days 7 hours ago) and read 2816 times:

Quoting A332 (Reply 19):
Riiight... as the world's economy goes into the toilet because of high oil prices... that is a perfect reason for oil companies to be raking in record profits while forcing the average American/Canadian further into the poor house...

The oil companies arent there to subsidise you, they make little money from forecourt sales as it is (yes, its true, they make most of their money from other petroleum products and not the stuff you put in your gastank).

Interesting article from 2001 regarding oil company profits, and Id be surprised if the situation has changed recently.

http://news.bbc.co.uk/1/hi/business/1167805.stm

Why should they subsidise you?


User currently offlineAloges From Germany, joined Jan 2006, 8707 posts, RR: 42
Reply 24, posted (8 years 5 months 2 days 7 hours ago) and read 2799 times:

Quoting RichardPrice (Reply 23):
Interesting article from 2001 regarding oil company profits, and Id be surprised if the situation has changed recently.

You'd be suprised if the situation had changed since 2001? With prices in the US more than doubling and China increasing its imports how-many-do-I-know-fold, you'd be surprised if the sale of fuels had become more lucrative?



Walk together, talk together all ye peoples of the earth. Then, and only then, shall ye have peace.
25 Kaddyuk : I've worked in a petrol station and we made about 2p on every litre sold... which is about 3 or 4% return. TINY compared to most companies that aim f
26 A332 : No one said anything about needing fuel subsidized... but when the economy begins to falter because of rapid inflation related to high fuel prices, it
27 Kaddyuk : But oil will run out "Tomorrow"...
28 MaverickM11 : But that's exactly the problem, the world economy has done just fine at $60/barrel, particularly the US economy which is very oil-needy. Well they ca
29 Clipperhawaii : Some of you people have no clue in what is happening. Let me educate some of you. Global economic expansion is what is driving the biggest increase in
30 MaverickM11 : Exxon's profit margin has gone from about 7.3% in 2001 to 10.0% in 2005. Not what I, or anyone, would call a huge jump in profits, especially when yo
31 LTBEWR : Don't just blame our automotive culture in the USA for the cost of gasoline, but also add our outsized demand for electricity that some places uses oi
32 Clipperhawaii : An incredibly valid point!
33 NeilYYZ : It's a business, that's what they are there to do, if people don't like it, they will stop using it, the demand will go down, the supply will stay th
34 Arrow : The flaw in this argument is that for the last 20 years (before this sudden spike) oil (and natural gas) was literally dirt cheap. Small energy compa
35 Dc10s4ever : The government also needs to take a big role in conservation methods. Increase and promote public transportation Huge taxes on SUV's (not tax breaks)
36 RichardPrice : Yes, I would be very surprised. Who does China import from? Im betting the companies that supply your gas pumps arent high on that list. Yes the pric
37 Boeing Nut : I have one and I would hardly call averaging 45 mpg disappointing. If you believe that then I gotta nice bridge in Brooklyn I'd like to sell ya. Prof
38 Post contains images Cadet57 : WTF! Why? oh wait, you must work for Shell or Haliburton or any number of those wonderful companies      Im sorry, when Exxon Mobil makes 200 BILL
39 Post contains images AirframeAS : I agree with you, the Toyota Prius is better. I have heard that there were complaints about the fuel consumption rate, not matching up to par, but I
40 EMBQA : While yes, Americans are prone to drive gas guzzling large SUV's and cars, those numbers also include manufacturing and production of goods. Oil is u
41 Nordair : Please don't. There are enough lunatics in the world as it is.
42 Post contains images Stirling : But, I don't need a car for the most part here, back in California, I can't live without one. They are entitled to a profit, but I don't remember giv
43 Clipperhawaii : You don't know me. I certainly am NOT better than you. I would never say that. Fortunate thru hard work perhaps but not better than you or anyone els
44 Clipperhawaii : It's the entire state and yes we are the only ones in the nation. Asinine if you ask me. The cap may however be repealed. Lucky you live Hawaii as th
45 AirframeAS : I dont get it: its expensive to live in Hawaii (High rent) and a gas cap. That dosent add up! And I dont live in Hawaii....
46 Photopilot : Want to know where your gas dollars are going. Well how about right into the greedy pockets of retiring Exxon chief Lee Raymond. He gets a $400 millio
47 Cadet57 : Wow, a decade.... My dads been at the same company for 22 years, and what does her get? Nothing.... Long and distinguished my ass. My grandfather wor
48 Photopilot : I'd actually rather live a week in their shoes. Then I can bank the money and not work for several years. These assholes work out to something like $
49 AerorobNZ : We noticed. However some world leaders have been making the unstable parts of the world larger with their actions... Here lies the problem. We claim
50 FSPilot747 : Because they can, and because idiot Americans actually buy Hummer H2s. If people cut down on gas guzzling vehicles (i.e. not everyone needs a farkin
51 Iowaman : They would most likely just cut production more. Cutting down on gas consumption only really helps yourself save money.
52 VonRichtofen : It always kills me when Americans bitch about gas prices. You still pay less than half of what Europe pays. If you made the dumb choice and bought som
53 Clipperhawaii : Does that include Canadians also. They seem to be bitching just as loudly. Does that kill you too? Yup. Thank goodness! Thus the reason to think that
54 Post contains images Stirling : I don't think any of the guys bitching about the price of gas are driving SUVs. Those that do drive SUVs, don't really care. My vehicle in the US is
55 Post contains images Clipperhawaii : That's right!!! Maybe it was driven by the Red Baron himself???
56 Lentigomaligna : You don't buy something if it's at your expense, economies are driven by mutual benefits. You make a profit off the gas too, it gets you where you ne
57 Bill142 : Perhaps you should sell your SUV and start walking. Think of the benfits for your heart, not to mention your pocket. OPEC is a cartel interested in l
58 TWFirst : On the contrary, I am for $5 gas because it will force our country to finally invest in mass transit; slow the wanton and wasteful comsumption of a p
59 Arrow : Canadians are equally guilty. This a North American disease, and the only reason Canada escapes the same wrath that the US gets is because total cons
60 Post contains images SATX : If you drive a low-occupancy SUV or a mostly-empty truck, and handed the presidency to a wannabe oil baron, twice, then maybe you should just shut up
61 Boeing Nut : I don't disagree with you at all. The problem is that, one, we have been used to certain prices for a long time now. A massive hike like the one that
62 TheSorcerer : Believe it or not, the market drives the prices, not the oil companies. Now with more tension in the middle east oil companies have to pay their work
63 Post contains images Slider : I don't like playing the class envy card, I don't like pitting continents against each other, either, but there are a lot of real and specious argumen
64 SATX : Typical American. Too bad you don't blame the oil companies for closing the refineries we DID have. Nope, it's much easier to simply blame the pro-en
65 LH477 : Is Exxon's profits excessive, yes, but we live in a capitalist world, and companies are there to make money. We don't live in a world where the corpor
66 Post contains images Sv7887 : Umm, the Gulf Coast storms had ALOT to do with that..Why don't you look at the profit/loss statement of Exxon like 10-15 yrs ago? They were LOSING bi
67 Post contains links and images Sv7887 : Here's the story on the refinery capacity in the USA...Turns out it's not some Big Oil conspiracy to drive up prices: http://www.eia.doe.gov/emeu/cabs
68 SATX : America is the superpower it is because we profited greatly after WWII. That's not what makes me upset. What bothers me is when people like you try t
69 Sv7887 : You're kidding right? The US benefited due to their open markets. The USA is all about encouraging free enterprise. People like me? Excuse me, find o
70 Slider : Yes, I am a typical American---one who is legitimately concerned about the environment, but one who believes an effective balance can be made between
71 Post contains images MaverickM11 : Stop confusing us with facts.
72 SATX : In your view, blaming everyone is the same thing as blaming no one? Can't you just leave the 'treehuggers' out of it unless and until we're able to c
73 Scbriml : Those of you who think the oil majors are screwing the Great American Public (what about the rest of us?) need to remember several facts: Every new oi
74 Slider : Not true- I'll sacrifice, but not to the point where it's totally detrimental to our way of life (ie: Kyoto, which we've argued about ad nauseum here
75 Post contains images Boeing Nut : Then it's blatantly obvious they haven't started one for quite some time. I don't buy it. Especially after watching that circus of a Congressional he
76 Gilligan : That's right, world demand. It's not just the U.S. that needs oil. Why does someone need a 30 foot sailboat? A glider? A 40 foot RV. It's a free soci
77 FSPilot747 : Pretty much. You don't see everyone driving SUVs in Europe because, (though they are probably a lot smarter in the money sense), they also can't affo
78 Notdownnlocked : I haven't had time to read all these replies but I just want to say that buying a gallon of gasoline for a dirt cheap price is not a God given right j
79 Notdownnlocked : I forgot to add for you US drivers, please buy and drive all the biggest and most wasteful vehicles you can find. 8-9 miles per gallon helps my family
80 Post contains images Iowaman : Ya sure , that's why consumption of oil in the U.S. was down 0.6% in Feb. 2006 compared to Feb. 2005, but yet the price was up about 55 cents a gallo
81 Post contains links SATX : Take a look at this BBC story from earlier today: http://news.bbc.co.uk/2/hi/business/4925240.stm
82 Post contains images Scbriml : If you think that then the only thing that's blatantly obvious is that the oil sector is not your area of expertise. Did you read my other points? Th
83 Flynlr : I found this simple explanation on the web for you OMFG too big profit haters. ......... Most government school graduates can't even so much as explai
84 L410Turbolet : I think the "surprise" or rather the problem people have specifically with Exxon is that despite its huge profits the company still refuses to pay th
85 Boeing Nut : Fair enough. If that's the case then explain to me that if they are spending these billions already, why are they still making these record shatterin
86 Gilligan : I understand and sympathize with what you are saying but if you asked Joe or Josephine Schmo out on the street what the Exxon Valdez was, I think you
87 Post contains images Cfalk : Inventories are sky-high. Why should they be working at a higher capacity? This is what I've been trying to tell people for ages. All these guys who
88 MaverickM11 : Total year over year demand is actually down 0.6%. I've noticed few people on here know what a profit margin is because I've been saying the same thi
89 Scbriml : It's all just a question of scale really. The oil major I work for made $13.5bn profit on revenues of $180bn in 2005. That's a margin of 7.5% - hardl
90 Cfalk : That's the thing that these populists don't get. Bill O'Reilly says that the oil companies should accept to make a little less profit in order to hel
91 Post contains images Boeing nut : That still leaves almost $170bn left over, that seems totally fair. 110%
92 SATX : Please post a link or a source and date. It's not that I doubt you, but I've included my source so I would appreciate it if you would include yours.
93 Cfalk : No, that's $11.2 out of $13.5 billion. Capex expenditure is after-tax. The rest of the $170 went to pay OPEC countries, plus pay for the tens of thou
94 Post contains links MaverickM11 : http://tonto.eia.doe.gov/dnav/pet/pet_cons_psup_dc_nus_mbbl_a.htm
95 SATX : Corporations aren't any more evil than the people who run them. However, the history of corporations shows that without a counterbalance from enforce
96 Scbriml : No it doesn't because you're not understanding basic business. The $180bn was the revenue from sales in 2005. We spent $166.5bn in capital projects,
97 Cfalk : It's not about left or right. It's about having better than a 5th grade education. Answer my earlier question. If Exxon made no money whatsoever in t
98 SATX : Hold on a second. I'm not mad at the oil companies (or even Bush) for the higher price of gas. However, I must admit that the hundreds of US refineri
99 Cfalk : I agree entirely. and of course the American Government over the past 20+ years that never had the balls to put in place a strategy to ease Americans
100 Boeing Nut : OK, my bad, I totally read that wrong. I still don't believe that the oil companies profits are "right in line with other companies after they have b
101 Post contains images Pilotsmoe : I wonder what the price of sailboat gas is?
102 Cfalk : You're right. They are quite a bit lower. This is an example of "spin". People rail on about record-breaking profits, but choose not to report the fa
103 Airlinerfreak : Theres your problem.
104 Cfalk : Are you saying that it's OK to hate them if you are a democrat?
105 Post contains images Boeing Nut : I still think it's all and it's very deep.
106 Cfalk : No evidence, no backup, no logic. I'd say it is your position that is in rather deep.
107 Post contains links and images Boeing Nut : OK Cfalk, I have to admit that I was trying to find something to combat you with, and I did but now I have egg on my face. I have to put my pride asid
108 AirTran737 : I am saying that being a Republican, I am generally inclined to favor big business, but these guys have every American by the balls, and it is time t
109 Cfalk : It is uncommon on these boards for someone to admit being wrong, so my hat's off to you for having the courage to re-examine your beliefs and admit m
110 Post contains images Korg747 :
111 Airlinerfreak : The problem has nothing to do with Exxon mobile reporting profits around the $8 billion dollar mark, it has to do with Americans, and how ignorant we
112 Post contains images EA CO AS : I'm guessing that - like most self-congratulatory Prius owners - you paid a hefty premium above sticker price, since Toyota knows they market will be
113 MD-90 : Yup. Americans, turn off your TVs and stop being sheeple!
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