Skip to comments.Oil Companies-The Coming Windfall Profits
Posted on 09/21/2019 6:41:29 AM PDT by DIRTYSECRET
My friends I can see it coming. Saudi Arabia is attacked. Iran's has domestic trouble and the rest of the world turns to the U.S. for more production. The price hikes will exempt the American consumer. So the oil companies calmly take advantage at our expense. Sarah arranged a payout for all Alaskans-north slope oil. Will we be lied to(again)?
correction-price hikes WILL NOT exempt us.
So the oil companies are conspiring against us? Are you a snowflake?
Oil is a commodity. Its price is set by the market, not by the oil companies.
Only stupid people think oil companies set the price and take advantage of consumers.
“Windfall profits” is leftist babble. Absolutely nobody was bitching when oil prices were $10 - $15 a barrel in the 80s and these evil oil companies were taking it on the nose. I hope they make more money than the entire nation of France.
Sarah Palin is who he is referring to.
The Saudis put this country through the wringer intentionally TWICE for supporting Israel and our own government covered up the fact it was due to Saudis. During both crises the Brown SHirt Media repeatedly ran stories Who can figure it out? This mystery? when they knew it was the Saudis the whole time and wouldnt print it. Screw the Saudis. This is the entire reason we have become independent of their oil.
So, what’s DIRTYSECRET’s dirty secret?
Anti-capitalist at heart?
Or do you just think that any business that shows good profits owes you a cut for just being you?
There is no reason to believe that the oil industry is immune form corruption.
1) Most of OPEC is not producing at capacity.
2) Many US wells have been drilled but capped, waiting for a better price.
3) We already have a greatly diminished Venezuelan output and practically nothing from Iran due to sanctions and prices have barely gone up.
Theres a ceiling on the price of a barrel of oil that wasnt there just 3 years ago.
They are still keeping the 200 mpg carburetor off the market too. /s
“They are still keeping the 200 mpg carburetor off the market too. /s
I loved my college thermodynamics class. The professor took on every possible miracle energy device; windmills, ground water cooling, solar panels, the 200 mpg carburetor...all of them. We worked the problems and even making conservative assumptions, none of them worked out as touted. As for the carburetor, engine friction, efficiency and the total mount of energy available in a gallon of gas were considered. Even running friction and other losses to zero the numbers didn’t work out. I don’t know how anyone today can push idiot solar panels or windmills as they simply don’t work.
She’s not guilty either.
“Windfall Profits”? You lost me there. The Dirty Secret is that the left has managed to indoctrinate the people that are too ingnorant or too lazy to find out the truth. What about the years that 90% of Oil Companies were wiped out because of overproduction (the Saudis opened the spigots up to control oil, which they did). Those companies never came back, and it took incredible ingenuity to prefect fracking to let the production rise again. Look at Oil Companies like farms. When the crops are plentiful, the price goes down. When they are scarce, the prices go up. Weather and politics controls everything. Simple enough? The government always sees the increased profits (which are put back into the ground for the most part with new exploration) as some kind of low hanging fruit. They can convince the great unwashed public that they are suffering because of that “bad man” oil company. I have been in the business for over 40 years and am getting tired of the crap. pick on microsoft for a change.
Windfall profits was a term invented in the 70’s to bash the oil companies. Guess which party started that? It was an effort to raise taxes on the oil companies which would have passed right along to the price of fuel at the pump. Another hidden tax on the consumers. Also, the climate fearmongering had to do with the coming ice age.
Hey! It's not like MSFT has earned it, or anything. /sarc, in case that's needed
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.