Comrade Hillary Warns Exxon Mobil

Yours Daily ^ | February 7, 2007 | Mick McNesby

[yoe]

Obama makes one slip and it is news for days - conversely Hillary makes this huge socialistic boo-boo and little is said. She's a Communist folks - no doubt about it.

[BipolarBob]

Exxon is a well run company and their margin of profit is smaller than average among companies. They do a volume buisness (due to demand) and by taxing then they are really just taxing us (the consumer). Sleight of hand that confuses the hoi polloi.

[RVN Airplane Driver]

The topic of Exxon's profits came up recently when a retired postal worker made mention of the Exxon "crooks". I asked him if he knew the evil Mr. Exxon.....then I asked him if he knew who owned Exxon....and lastly did his pension plan own any Exxon stock. Needless to say the conversation ended.

[Constitutional Patriot]

Perhaps Hillary would like to mention the amount of corporate taxes Exxon-Mobil paid to the federal government last year. If she wants to be intellectually honest in this discussion, she could show this figure next to figure for the profit EARNED by Exxon Mobil.

Then perhaps the smartest woman in the world can explain what she expects will happen to an industry (that our entire economy depends upon, btw) when the government takes away it's profits.

She's clearly not bright enough to explain this, most socialists aren't.

Just look at what Chavez is doing to Venezuela. This is a clear illistration of what Hillary and company have in store for the US.

[PGalt]

"Let's Have a Conversation" is Hillarious. No "chat" on this issue from the premeditated prima donna. Exxon/Mobil should take their profit and close up shop. That'll take away the fuel for this gasbag.

[bornacatholic]

The Federal Energy Commission (FEC) has NEVER produced anything of use.

Exxon is FANTASTIC. They actually go get stuff, refine it, and let me buy it (NOBODY forces me to but I AM forced to pay for the dumb FEC) sell it to me and it is very useful.

Let's Nationalise Hilary and stick her fat butt in a Zoo in ANWAR. As a Collectivist she isn't, but she should be, an endangered species

[sgtbono2002]

When Hillary has TAKEN Exxon's profits. who's profits will she TAKE next.

Like Chavez she is Nationalising Exxon and other gas companies. What will she Nationalise nxt.

[hubbubhubbub]

She will nationalize all oil companies.

[mewzilla]

Oh, Hillie....

Estimated 2007 Gasoline Price Breakdown & Margins Details

Scroll to the bottom. Though these numbers are for CA, Fed, state, and local govt's make far more off a gallon of gas than do the oil companies.

So who're the people robbing consumers blind...?

[CDHart]

Hillary scares me to death.

Carolyn

[Dallas59]

Watch her invite Chavez to the White Peoples House...

[The Great RJ]

Hillary is just playing the class envy card by perpetuating the myth that all large corporations are owned by a few fat cats who get rich from the rest of us. While this might have been true 125 years ago during the era of the large trusts run by the likes of John Rockafeller, it is hardly he case today when corporations are owned by thousands of stockholders both large and small.

It is easy to pillory the big oil companies, but let her windfall tax proposals be enacted and a lot of ordinary people will feel the pinch in their pension funds and mutual accounts, not to mention standing in line for gasoline.

[Dallas59]

Hitlerys agenda..

[alrea]

Then perhaps the smartest woman in the world can explain what she expects will happen to an industry (that our entire economy depends upon, btw) when the government takes away it's profits.

she had to hide the marxism to win. she could'nt.

[stockpirate]

Sad to say but she knows thsoe profits will be paid as dividends to shareholders, many who are retired and living off of those payouts.

[alrea]

Though these numbers are for CA, Fed, state, and local govt's make far more off a gallon of gas than do the oil companies.

And Government gets more revenues when taxes are CUT. But for the DEMOCRAT(sp) Party to get the anger vote they must talk about taking profits, raising taxes and giving away free stuff.

[proudofthesouth]

Hitlery scares me to death too. I've had to stop listening to Neal Boortz when he talks about how people need to "get liquid" in order to leave the country when she becomes Dictator for Life.

While I am working at paying off my credit card debt (and most people would love to have the little debit I do) I still struggle to pay my bills and save a few dollars. Not everyone is or can be rich.

BTW, I bet she and Gore and other socialist enviro wackos own stock in Exxon and other oil companies.

[Hardastarboard]

There is no question in my mind that Hillary and most of the "modern" Democrat Party are socialists / Communists. Having said that, record profits because of higher pump prices is kind of like saying "a rose is a rose is a rose" - a tautology.

The given reason for higher pump prices is that the price of crude was higher. Naturally the oil companies would pass along those prices. The law of price elasticity states that as prices rise, consumption falls. We saw the mania for fuel-efficient cars during that period, and people were post-poning trips and minimizing their use of fuel.

Assuming a certain degree of inelasticity in demand for gasoline (you have to get to work, so you have to buy it even at $6 per gallon), we can assume that the volume of consumption would have fallen only somewhat, or perhaps stayed flat (I have no statistics at hand, this just is basic economics). With that assumption, and record oil company profits, we have to assume that they didn't make that money on volume (selling say 25% more gasoline with the same margin). They did it by increasing their margins (raising their prices more than the incremental cost of the crude they buy).

Simple economics makes the case that they were "gouging" at least somewhat to have made these profits. I'm not suggesting that we tax them more, or punish them. If we let Hillary get away with taking profits from Exxon to fund their destruction (alternative energy resources), we essentially live in a Communist dictatorship.

I'm just saying that "higher prices at the pump" can't be the whole story. Exxon couldn't have made these profits on volume. They did it by charging more at an opportune time.

[somemoreequalthanothers]

conversely Hillary makes this huge socialistic boo-boo and little is said.

Don't worry, if she is their nominee this statement, and a few others, will bury her in the general election.

[FrankR]

"When Hillary has TAKEN Exxon's profits. who's profits will she TAKE next?"

Why don't you ask the tobacco companies?

I posted several years ago that if Americans - the smoking and non-smoking - allowed the clintonistas to take that away, sooner or later they would come after something YOU like...gasoline.

The logic is there - the clintonistas want to be a world power...what makes one more powerful, than oil? Control the flow of that, and you control the world.

But, we'll sit back and watch American Idol and football and let it happen around us.

An earlier poster was complaining about a possible "rush hour tax"...well, if gasoline is controlled by the clintonistas, it will be $5 to $10 per gallon...that'll control rush hour alright.

If you value America at all, you'd better start a groundswell against hillary and the democrat party in general and send them packing in the next election...this election is MUCH MORE IMPORTANT than any in memory...it's the first time we've had a NAZI running for President.