Posted on 07/23/2007 6:17:52 AM PDT by Daffynition
And again, the question you keep avoiding to answer,
Is keeping 10¢ on the dollar out of line?
That line is completely FALSE. Yes, oil companies have to sell stock off when times are bad and buy stock back when times are good. They do it over and over in the boom and bust cycles to stay alive. When you look at the average over a long period of time, their profit margin remains around 8~10%.
They can keep whatever they want to keep. I just resent paying higher and higher prices at the pump, and all we hear is that some refinery in Podunk, Kansas is offline and causing oil to rise over $95 per barrel. We get hit with a 10 or 15 cent per gallon increase, but when the refinery in Podunk goes back to normal in a few days, the price doesn’t drop back down until a month later. That leaves about 3 weeks of inflated prices for the consumer to pay. That three weeks of added profits are what I resent.
You know its like the people paying $750,000.00 for a house that cost $50,000.00 40 years ago.
Excellent article.
By the way, it’s not the oil companies who raise prices and gouge the consumer. It’s the schools who do that. But the politicians and press choose not to notice.
It's certainly what the Democrats want.
Good point. Actually, though, I think I might well increase my “eating area” - just not in this country.
Thank you fr displaying your fross ignorance of market economies, your anti-capitalist (COMMIE) ways, pure idiocy and liberals views.
WTF are you doing on FR? You are a liberal.
review
Thank a democrat, don't blame the oil companies.
For the Liberals to hate private enterprise so much I just do not understand it. The government makes more off our labors than those who provide them. Maybe the Unions need to look into it.
Which has absolutely nothing to do with the miniscule margin oil companies make. By knocking a 100% legitimate business, with tons of competition, and who em-ploy tens of thousands of people around the world in high-paying careers, all while providing a much needed product, for making a profit, you sound far more radical-left wing than Hillary Clinton. Go get some fact, and not just bleeding heart liberal anticapitalist talking points, and we can have an intelligent discussion. For now, you certainly are lacking the intelligent part.
Interesting turn of phrase, considering Exxon Mobil is an international company and spends money on projects worldwide. Much of the onshore drilling in the US is done by smaller companies.
Exxon Mobil and other 'majors' are the ones with the capital to invest in major offshore drilling projects--high dollar, high risk, high payout ventures--which just might not be here in the US, especially since government (Federal and state) has made most of the continental shelf of the US off limits.
As for investing in capital here, no one has been able to get a refinery built in 30 years, so where are they supposed to put the money?
And you're as dumb as a bag of rocks if you want to contend that Oil is part of a FRee Market Economy. You're full of it. Blackbird.
You’re daunted website is full of crap! I live here fool. I guess I’m not supposed to believe my lying eyes? Blackbird.
That's a hell of a sample size to base a baseless conclusion that every oil company in the world is in collusion with each other and there is no free-maket economy in the oil industry! ROFLMAO! You are a joke! You sound just like my ultra-liberal former sister in law.
Yep, only liberals have a problem paying $3 a gallon for gas. Are you really that stupid? No need to answer noob. Don't you have some dividends to suck? Blackbird.
Maybe you should get out more or drive on more than a couple streets. gasbuddy.com has the station names and adresses, which ones do you claim are false?
Billings MT ain't that big son. I get around it quite well thank you very much. Now, I was willing to drop it but since you seem to be a gluten for punishment. The link you provide tells my tale just the way I described it. The $2.95 (low end of your touted gasbuddy site) is Members Only (COSTCO), give that a minute to settle in. Yes, it's $2.95 a gallon, but subsidized with the Membership fee to Costco? ALL of the rest as far as I cared to look, parroted perbatum, exactly what I said. There is a one penny difference between ALL of them, $2.99 - $2.98 per gallon, see? one penny, just exactly as I stated. Connoco-Phillips, Exxon-Mobile, Sinclair, Holiday and Cenex, all of them. Do you want to keep playing this or do I need to give you digital pictures? If any one of these stations drop or raise their price on any given day, the rest bar none are out there on their ladders within minutes reflecting the same. I watch this often with great amusement as I think about the next FR thread exposing the Greedy amongst US. I can set my watch by it! I pinged the harping moonbat chowder mouth just for grins and giggles. Blackbird.
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