Posted on 09/15/2005 9:21:26 AM PDT by Sir Gawain
Wasn't the liberals who advocated high gas prices in the first place??
I guess when we were losing our asses in 2000 (about 20% of the companies went under) and from 1986 to 1998 (about another 40%) we were profiteering then too. I didn't hear too many screams that we needed to give incentives to drill when the price was $9.59 per barrel in 1999 and 2000, when we increased our dependence on foreign oil by another 10%. Oh well, I guess it must just be me. Look at who they quote--New England Research and Management. I'm sure they are experts--in fact I'm sure that that person thinks you find oil by looking under your car.
And buy product you can't produce when your facilities are damaged?
Looks like to me they actually might be losing money
The 250 mpg hybrid is a plug-in hybrid.
I'm skeptical of the need for tax incentives right now. $60-$70/bbl oil should be enough incentive for exploration.
That is incredibly misleading. The person in the article jammed his hybrid full of extra batteries to power the electric motor, then charges those batteries by plugging it in to an electrical source, which most likely gets its power from burning gas, oil, or coal.
As a shareholder of Exxon, I thank its outstanding management team and regret only that I did not purchase more shares back in 1995 when I first became a shareholder. My stake has more than quadrupled since that time.
I think I'll visit Exxon tonight and fill up my wife's SUV.
>>this is not defensible
OK, here's the solution: invent alternative energy technology that is cheaper than gasoline. Then everyone will buy it instead of gasoline, you will get rich, and Exxon will be put out of business.
Our country is on the verge of an inflation explosion. Because of fuel prices, huge numbers of people can no longer afford to drive their cars to work.
I certainly believe in profits, but this is terrible PR. It opens the door for Hillary and the Democrats to demand more regulation and even price caps. If people can't drive their cars, there will be a groundswell for government intervention, and not just by the lefties. The oil companies better do something to get the prices down.
Not necessarily. With NG at >$10/bcf and oil >$60/bbl, wind is looking ever more attractive to private investors and utilities. Solar is still not economic on its own, but may pay off with all the tax subsidies we are throwing at it.
It is an "apparent" 250 mpg, because they are dismissing the fuel required to generate the electricity that they are using to charge the batteries in their modified (extra battery) hybrids. For example, with extra batteries, they can drive 125 miles with hardly using the gasoline engine. Say the gasoline used is 1/2 gallon... do the math, 250 apparent MPG.
Will it also fly in the air like the Jetsons' vehicle?
Oh, please. Do you know anyone who has quit his or her job because of high fuel prices?
I never expected to hear an "Al Gore" story from you, Doug!
...." ExxonMobil is spending about $5 billion a quarter buying back its own shares."......
That's the bad news in this release.
If exxon can't find a better investment to fund their future, they spend $20 billion a year to buy back about 2%their stock. So it sounds like they have not found any other investments that have the potential for gains, other than cutting their dividend cash outflow of 2.0% of share price.
Sad!
Head back to DU.
How can you possibly equate people trespassing and stealing from Walmart to Exxon benefiting from the tremendous risks of capital that it has taken around the world. If you think the price is too high, don't buy the gas.
If the government does intervne there are going to be more problems.. I hope the people understand that the left has been trumpting around that gas prices should be high so people can make the right descisions their way...
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