Gas companies 1st qt profits!!!!
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quote:Originally posted by thesneakyrussian
quote:Originally posted by Fatboy lives
I tend to think everyone should look into how POTUS Teddy Roosevelt handled big oil, and big business in general. Perhaps its time for a repeat.
by running them into the ground. what a splendid idea -- let's further destroy the country, though i am all up for it, elect klintonobama and just wait for this catalyst to work, however, if i were you, being a socialist and all, i would start looking for a place outside this country 'cause you wouldn't like what's coming. though, you do have a chance of turning the USA into USSA (yes, as in Union of Socialist States of America) or some such, but i doubt it'd last long 'cause all you lefties aren't much of fighters when it comes to a real one.
As I said, if my stance makes me leftie, socialist, or commie in the eyes of some, then so be it. I don't see myself that way, but thats just how it is. Teddy Roosevelt said it best, capatilism is like a giant pressure cooker, on occasion steam must be let off it to keep it from exploding. Teddy made the coporations take the steam off when they refued to. If you think I'm unable to fight, well don't be on the wrong end of things when I have to. As far as whats coming, all of the coporate apologist are the ones who need to wake up to whats coming. If history has shown us anything, its shown that when the rich get rich by any means, and poor keep getting poorer, revolution begins, and often times it ends up with the rich and their supporters being hung in the streets.0 -
quote:Originally posted by Fatboy lives
quote:Originally posted by Odawgp
CALL ME A LEFTY CALL ME SOCIALIST, WHAT EVER YOU WANT FRANKLY I DONT GIVE A poop.
29 billion in 4 months is just "RIDICULOUS." i dont care how you look at it.
I've got no problem with someone making 29 billion in 4 months, but not at the expense of everyone else.
You don't understand yet. It's not "someone" making $29 billion, it the million of owners of all of those different oil companies (yes, million of owners). There is no Mr. Exxon, just lots of people who own various amounts of stock. It's not a question of $10 million being enough for a single person; it's simply that all of the owners have a right to a reasonable return on their money on a percentage basis.
There are 5.63 billion shares of stock in Exxon, so the shares each made $6.88. That doesn't seem quite so excessive does it? Nearly 53% of the stock is owned by institutions, and that means investment funds, but also pension funds. If you have a pension funds through your job, there's a good chance it owns some Exxon, so maybe your retirement fund is excessive.
Only .12% is owned by people who would be considered "insiders", so very little is owned by anyone in the power structure of the company, and there are hundreds of thousands of individual stockholders.
Exxon also paid a total of just under $101 billion in all forms of income, sales, and related taxes during the past fiscal year. Since their after tax profit was just over $39 billion, I would suggest that the various forms of governments in the countries where Exxon operates made a whole bunch more than Exxon owners.[:)]0 -
This is not the same situtaion. "trust busting" is different than a world wide shortage and lack of refining capability.
Go ahead , beat them up, and you will only see less reliable supply and higher prices
Its funny and tragic how so hany here, of all places, do not trust the free market and think govt is the answer[xx(]quote:Originally posted by Fatboy lives
quote:Originally posted by thesneakyrussian
quote:Originally posted by Fatboy lives
I tend to think everyone should look into how POTUS Teddy Roosevelt handled big oil, and big business in general. Perhaps its time for a repeat.
by running them into the ground. what a splendid idea -- let's further destroy the country, though i am all up for it, elect klintonobama and just wait for this catalyst to work, however, if i were you, being a socialist and all, i would start looking for a place outside this country 'cause you wouldn't like what's coming. though, you do have a chance of turning the USA into USSA (yes, as in Union of Socialist States of America) or some such, but i doubt it'd last long 'cause all you lefties aren't much of fighters when it comes to a real one.
As I said, if my stance makes me leftie, socialist, or commie in the eyes of some, then so be it. I don't see myself that way, but thats just how it is. Teddy Roosevelt said it best, capatilism is like a giant pressure cooker, on occasion steam must be let off it to keep it from exploding. Teddy made the coporations take the steam off when they refued to. If you think I'm unable to fight, well don't be on the wrong end of things when I have to. As far as whats coming, all of the coporate apologist are the ones who need to wake up to whats coming. If history has shown us anything, its shown that when the rich get rich by any means, and poor keep getting poorer, revolution begins, and often times it ends up with the rich and their supporters being hung in the streets.0 -
Whats a fair value then?
keep in mind all taxes, R&D, new projects and such come out of this money, and its a huge job to supply AMERICA with gas&oil
Also, they will get hammered when they buy @ expensive prices and the market price falls
quote:Originally posted by Odawgp
[:0]$$29 billion, $$222,569 A minute[:0]
http://abcnews.go.com/Politics/story?id=3207029&page=10 -
quote:Originally posted by tsavo303
This is not the same situtaion. "trust busting" is different than a world wide shortage and lack of refining capability.
Go ahead , beat them up, and you will only see less reliable supply and higher prices
Its funny and tragic how so hany here, of all places, do not trust the free market and think govt is the answer[xx(]quote:Originally posted by Fatboy lives
quote:Originally posted by thesneakyrussian
quote:Originally posted by Fatboy lives
I tend to think everyone should look into how POTUS Teddy Roosevelt handled big oil, and big business in general. Perhaps its time for a repeat.
by running them into the ground. what a splendid idea -- let's further destroy the country, though i am all up for it, elect klintonobama and just wait for this catalyst to work, however, if i were you, being a socialist and all, i would start looking for a place outside this country 'cause you wouldn't like what's coming. though, you do have a chance of turning the USA into USSA (yes, as in Union of Socialist States of America) or some such, but i doubt it'd last long 'cause all you lefties aren't much of fighters when it comes to a real one.
As I said, if my stance makes me leftie, socialist, or commie in the eyes of some, then so be it. I don't see myself that way, but thats just how it is. Teddy Roosevelt said it best, capatilism is like a giant pressure cooker, on occasion steam must be let off it to keep it from exploding. Teddy made the coporations take the steam off when they refued to. If you think I'm unable to fight, well don't be on the wrong end of things when I have to. As far as whats coming, all of the coporate apologist are the ones who need to wake up to whats coming. If history has shown us anything, its shown that when the rich get rich by any means, and poor keep getting poorer, revolution begins, and often times it ends up with the rich and their supporters being hung in the streets.
It may not be the answer but gotta start somewhere, how else is joe taxpayer consumer of goods going to get what he wants, cheap reliable fuel. sure as hell anit getting anywhere with the gas companies holding all the money and buy up all the alternative technology.
Now lets here your ideas as to how we can get a little return on the money we spend, other than we get to spend more. ie higher gas prices
and an alternative source of energy so far out there i won't live long enough to see it ie.. i'm only 300 -
govt cant make oil magically appear.
if its in shortage , thens its in shortage, no matter what laws they pass.
and while the price is going up, anyone holding oil and their pipelines will be making more $ than normally do, and they better be, or else they will not last
govt cannot make your gas cheaper with sustainable measures now (unless they remove taxes) They can only screw it up more0 -
quote:Originally posted by COLT
...I hate the price as much as the next guy, but government regulation of a Co.'s "profit" is the same 'ol lib "socialism is a good thing" mindset. Lets just "redistribute the wealth so the lazy "have nots" will have what the hard working "haves"...have...afterall, it's the liberal way...[;)]
...Communism
...Marxism
...Socialism
...almost forgot
...Liberalism
so a distribution from the have nots to the haves by market manipulation is acceptable?
Since when do daylight savings time and ROUTINE refinery maintenance cause this kind of outrageous price increases??? They sure didn't a few years ago.0 -
quote:Originally posted by KSUmarksman
so a distribution from the have nots to the haves by market manipulation is acceptable?
you must have information feds don't -- they've investigated the Evil Oil Companies (tm)(c) a number of times and didn't find anything suspicious or illegal. though, in your mind, they probably are in on it, after all, the more the cost of a gallon of gasoline the more taxes the feds collect, right?0 -
KSU, it's a lot more than routine maintenance that causing shortages. Last week there was an additional 5-600,000 barrels per day of refining capacity shut down due to various problems beyond the routine. There were also problems getting about a million barrels a day of fuel out of European refineries because of dock worker labor problems in France.
We import about 1 million barrels per day of actual gasoline, not just crude oil, because we don't have enough refining capacity and the current reserve supplies are considered to be the lowest in about 50 years and are nearly 7% below the volume of last year.
Here's a couple of links relative to the production problems.
http://biz.yahoo.com/ap/070501/gasoline_supply_snag.html?.v=5
http://biz.yahoo.com/ap/070524/oil_prices.html?.v=20[:)]0 -
quote:Originally posted by COLT
...I hate the price as much as the next guy, but government regulation of a Co.'s "profit" is the same 'ol lib "socialism is a good thing" mindset. Lets just "redistribute the wealth so the lazy "have nots" will have what the hard working "haves"...have...afterall, it's the liberal way...
...Communism
...Marxism
...Socialism
...almost forgot
...Liberalism
you forgot fascism and capitolism[:D]0 -
quote:Originally posted by tsavo303
This is not the same situtaion. "trust busting" is different than a world wide shortage and lack of refining capability.
Go ahead , beat them up, and you will only see less reliable supply and higher prices
Its funny and tragic how so hany here, of all places, do not trust the free market and think govt is the answer[xx(]quote:Originally posted by Fatboy lives
quote:Originally posted by thesneakyrussian
quote:Originally posted by Fatboy lives
I tend to think everyone should look into how POTUS Teddy Roosevelt handled big oil, and big business in general. Perhaps its time for a repeat.
by running them into the ground. what a splendid idea -- let's further destroy the country, though i am all up for it, elect klintonobama and just wait for this catalyst to work, however, if i were you, being a socialist and all, i would start looking for a place outside this country 'cause you wouldn't like what's coming. though, you do have a chance of turning the USA into USSA (yes, as in Union of Socialist States of America) or some such, but i doubt it'd last long 'cause all you lefties aren't much of fighters when it comes to a real one.
As I said, if my stance makes me leftie, socialist, or commie in the eyes of some, then so be it. I don't see myself that way, but thats just how it is. Teddy Roosevelt said it best, capatilism is like a giant pressure cooker, on occasion steam must be let off it to keep it from exploding. Teddy made the coporations take the steam off when they refued to. If you think I'm unable to fight, well don't be on the wrong end of things when I have to. As far as whats coming, all of the coporate apologist are the ones who need to wake up to whats coming. If history has shown us anything, its shown that when the rich get rich by any means, and poor keep getting poorer, revolution begins, and often times it ends up with the rich and their supporters being hung in the streets.
I trust the freemarket. I don't trust corporations, and politicians. I really see no free market in oil. I agree somewhat with the higher gas prices, before katrina. Didn't like them, but understood it. Katrina was an excuse for the oil companies to jump up price. Just like many companies used 911 as an excuse to lay people off,(there just wasn't any work avaliable, people are afraid to spend money right now) then over time the hell out of those left there.0 -
If you don't like it, change your transportation methods. You are dependent on them by choice. 0 -
Sure its all by choice. I like that one. I'd gladly ride a bike, or a horse to work. Unfortunately, we live in this little place called reality. A bicycle or horse 40 miles one way, not gonna happen. 0 -
No, but it is your choice to live that far from where you work. I lived 32 miles from where I worked, but I could have bought a house across the road and walked about three minutes to work.
Cheap fuel and good roads made the decision to spread out possible, but it is not economical.
We have a population density of 72 people per square mile here in the U.S. (NYC runs about 26,000), but some countries in Europe are running around 300 plus per square mile, and Germany was higher before consolidation when the wall came down. Those numbers make public transportation both attractive and needed.
We still have enough territory to spread out when we want to, and we pay the cost in fuel for the opportunity.
That's a price I'm willing to pay to get people out of my backyard. I think you made the same choice, and likely regret it about as much as I do, and that is to say, not in the least.[:)]0 -
am i the only one find this thread rather sad, depressing and ridiculous? especially on this forum. 0 -
amen, you think at a conservative forum full of small business owners, people would not only know bettter, but fear the gov't trying to fix the market 0 -
Exactly. <Over here I just censored myself...> 0 -
quote:Originally posted by dlrjj
No, but it is your choice to live that far from where you work. I lived 32 miles from where I worked, but I could have bought a house across the road and walked about three minutes to work.
Cheap fuel and good roads made the decision to spread out possible, but it is not economical.
We have a population density of 72 people per square mile here in the U.S. (NYC runs about 26,000), but some countries in Europe are running around 300 plus per square mile, and Germany was higher before consolidation when the wall came down. Those numbers make public transportation both attractive and needed.
We still have enough territory to spread out when we want to, and we pay the cost in fuel for the opportunity.
That's a price I'm willing to pay to get people out of my backyard. I think you made the same choice, and likely regret it about as much as I do, and that is to say, not in the least.[:)]
Right, we choose to live so far away. Whatever you got to tell yourself. Its true, I could work closer to home, if I wanted to make 7 bucks an hour. Once again reality escapes most of you here on this "conservative forum".0 -
quote:Originally posted by thesneakyrussian
am i the only one find this thread rather sad, depressing and ridiculous? especially on this forum.
Actually I find you to be rather sad, depressing and ridiculous? I once thought this a forum full of conservative minded people, but it sure aint the kind of conservatisim my daddy taught me. I find some here to be good people that are simply somewhat mis guided. The most are simply a bunch of goverment loving neo cons that are more in line with imperalisim, or facisim.0 -
quote:Originally posted by Fatboy lives
quote:Originally posted by dlrjj
No, but it is your choice to live that far from where you work. I lived 32 miles from where I worked, but I could have bought a house across the road and walked about three minutes to work.
Cheap fuel and good roads made the decision to spread out possible, but it is not economical.
We have a population density of 72 people per square mile here in the U.S. (NYC runs about 26,000), but some countries in Europe are running around 300 plus per square mile, and Germany was higher before consolidation when the wall came down. Those numbers make public transportation both attractive and needed.
We still have enough territory to spread out when we want to, and we pay the cost in fuel for the opportunity.
That's a price I'm willing to pay to get people out of my backyard. I think you made the same choice, and likely regret it about as much as I do, and that is to say, not in the least.[:)]
Right, we choose to live so far away. Whatever you got to tell yourself. Its true, I could work closer to home, if I wanted to make 7 bucks an hour. Once again reality escapes most of you here on this "conservative forum".
You completely missed the point. Move closer to where the good paying job is, not go to work close to home where you make little money.
The choice to live far from the source of income is a selection of lifestyle, and the cost is incurred because you, like I, chose my preferred living style over cheaper costs by living in nearer proximity to the paycheck.
No fight intended here, just observation of financial reality. I made my choice years ago, lived with it, and figured out how to make up the loss in income and turn it to my advantage.
Life is not fixed, it is an adventure full of opportunities and options - grab them.[:)]0 -
quote:Originally posted by dlrjj
quote:Originally posted by Fatboy lives
quote:Originally posted by dlrjj
No, but it is your choice to live that far from where you work. I lived 32 miles from where I worked, but I could have bought a house across the road and walked about three minutes to work.
Cheap fuel and good roads made the decision to spread out possible, but it is not economical.
We have a population density of 72 people per square mile here in the U.S. (NYC runs about 26,000), but some countries in Europe are running around 300 plus per square mile, and Germany was higher before consolidation when the wall came down. Those numbers make public transportation both attractive and needed.
We still have enough territory to spread out when we want to, and we pay the cost in fuel for the opportunity.
That's a price I'm willing to pay to get people out of my backyard. I think you made the same choice, and likely regret it about as much as I do, and that is to say, not in the least.[:)]
Right, we choose to live so far away. Whatever you got to tell yourself. Its true, I could work closer to home, if I wanted to make 7 bucks an hour. Once again reality escapes most of you here on this "conservative forum".
You completely missed the point. Move closer to where the good paying job is, not go to work close to home where you make little money.
The choice to live far from the source of income is a selection of lifestyle, and the cost is incurred because you, like I, chose my preferred living style over cheaper costs by living in nearer proximity to the paycheck.
No fight intended here, just observation of financial reality. I made my choice years ago, lived with it, and figured out how to make up the loss in income and turn it to my advantage.
Life is not fixed, it is an adventure full of opportunities and options - grab them.[:)]
Though I feel you are one of the somewhat misguided, I do respect you, the simple fact is that a great many really do not have that as an option. People live were they grew up, bought land, the family farm etc... They had decent paying jobs somewhat closer, or they were able to make it on 7, or 8 bucks an hour. Then freetrade takes their jobs, and they are forced to go further out to find one, or the ones who were able to get by on the lower wage are now having a very hard time of things with the high gas prices even though they live say 10 to 15 miles from their place of residence. Not everyone has the all of the options of life as you say. As I said before, gas prices were pretty much in line with things before katrina. Katrina was an excuse for the oil CEO'S to make even more, and continue to make even more money. At the hardship of the working man. Do you really believe that the war got republicans booted from office, or do you think it may have been lack of jobs, and high gas prices.0 -
quote:Originally posted by Fatboy lives
Sure its all by choice. I like that one. I'd gladly ride a bike, or a horse to work. Unfortunately, we live in this little place called reality. A bicycle or horse 40 miles one way, not gonna happen.
No joke- I would look real funny picking up a small load of steel on a mountain bike.[:D] or loading it into a public bus.
My reality is and bet the same as yours as well. I don't need a Starbucks Coffee at $3.89 for 16 oz.[:D] When I can brew a whole pot for 75 cents.0 -
Funny isn't it?
Toyota posted profits of about 50 billion, don't see everyone accusing them of gouging or expecting the Government to put a cap on what they charge for their cars, no, they get a pat on the back and are admired for running a profitable Company.
The oil Companies are no different, they manufacture and market a product, and like all business they charge as much as the market will tolerate. If you don't like the price, don't buy the product, if your going to cry "but I have to buy gas" then guess what, you have to pay the price their asking.
Welcome to the real World0 -
BARREL OF OIL 60$ - 66$. Price per gallon 3$ - 3.60+$$
Whats that equal = thats 18.8 gallons of gas at 3.50$ a gallon out of a 66$ barrel. theres 42 gallons of crude to a barrel, which can make more or less depending on whats being made.
http://www.madsci.org/posts/archives/sep2000/970256096.Ch.r.html
the website breaks down a barrel of crude.0 -
quote:Originally posted by NeilTheBrit
Funny isn't it?
The oil Companies are no different, they manufacture and market a product, and like all business they charge as much as the market will tolerate. If you don't like the price, don't buy the product, if your going to cry "but I have to buy gas" then guess what, you have to pay the price their asking.
Welcome to the real World
the thing is we have no choice. unless a large group of people say they are going to protest then there is nothing i can do to a company, i have no choice but to buy gas and they know this. price of a barrel of gas has been the same for many years and they just suddenly hike the gas prices up really high. And you say there not price gouging who do you work for?
And lets not forget people aren't getting raises or getting paid any more but yet prices steady rise.0 -
quote:Originally posted by joker5656
quote:Originally posted by NeilTheBrit
Funny isn't it?
The oil Companies are no different, they manufacture and market a product, and like all business they charge as much as the market will tolerate. If you don't like the price, don't buy the product, if your going to cry "but I have to buy gas" then guess what, you have to pay the price their asking.
Welcome to the real World
the thing is we have no choice. unless a large group of people say they are going to protest then there is nothing i can do to a company, i have no choice but to buy gas and they know this. price of a barrel of gas has been the same for many years and they just suddenly hike the gas prices up really high. And you say there not price gouging who do you work for?
And lets not forget people aren't getting raises or getting paid any more but yet prices steady rise.
Wow, there are so many wrong statements in that rant that I'm not even sure where to start. Let's just deal with the idea that the price of a barrel of gas has been the same for many years and reply - YOU HAVE NO DAMN CLUE WHAT YOU JUST SAID, DO YOU?
No one is that stupid, are they? Good God Almighty, does the sun still come up in the East in the morning, or have idiots figured out how to change that also?0 -
quote:Originally posted by NeilTheBrit
Funny isn't it?
Toyota posted profits of about 50 billion, don't see everyone accusing them of gouging or expecting the Government to put a cap on what they charge for their cars, no, they get a pat on the back and are admired for running a profitable Company.
The oil Companies are no different, they manufacture and market a product, and like all business they charge as much as the market will tolerate. If you don't like the price, don't buy the product, if your going to cry "but I have to buy gas" then guess what, you have to pay the price their asking.
Welcome to the real World
I think you need to check that figure as I suspect it is simply the net sales figure for the first quarter of the year. $50 billion is completely out of line for this company for one year.0 -
meant last year or so. 0 -
IMHO the pprice of gas runs on a certian cycle. When the price is lower they limit their production so they can maximize their profits per gallon. When the price is high they will eventually increase production to make money.
We are now paying about the same real dollar price since the peak many years ago. With the price this high they will eventually increase production, and the price will stabilize. I doubt the price will drop, but we may be paying $3 a gallon ten yuears from now after inflation has made that price more reasonable.0 -
quote:Originally posted by dlrjj
quote:Originally posted by NeilTheBrit
Funny isn't it?
Toyota posted profits of about 50 billion, don't see everyone accusing them of gouging or expecting the Government to put a cap on what they charge for their cars, no, they get a pat on the back and are admired for running a profitable Company.
The oil Companies are no different, they manufacture and market a product, and like all business they charge as much as the market will tolerate. If you don't like the price, don't buy the product, if your going to cry "but I have to buy gas" then guess what, you have to pay the price their asking.
Welcome to the real World
I think you need to check that figure as I suspect it is simply the net sales figure for the first quarter of the year. $50 billion is completely out of line for this company for one year.
Toyota posted profits of about 50 billion, don't see everyone accusing them of gouging or expecting the Government to put a cap on what they charge for their cars, no, they get a pat on the back and are admired for running a profitable Company.
The oil Companies are no different, they manufacture and market a product, and like all business they charge as much as the market will tolerate. If you don't like the price, don't buy the product, if your going to cry "but I have to buy gas" then guess what, you have to pay the price their asking.
Welcome to the real World
[/quote]I think you need to check that figure as I suspect it is simply the net sales figure for the first quarter of the year. $50 billion is completely out of line for this company for one year.
[/quote]
It came from memory of last years earnings.
So I did a quick search
'Toyota's reporting of its annual earnings on a consolidated basis for the twelve months ended March 31st shows net revenues of 21.03 trillion yen ($188.6b), a 13.4% increase y-o-y. Operating income increased by 12.3% to 1.87 trillion yen ($16.8b) and net income rose 17.2% to 1.37 trillion yen (US$12.3b). Toyota remarked that all three of these figures are record highs and this is the third consecutive year Toyota earned net income of over 1 trillion yen.'
http://japan.seekingalpha.com/article/10384
So $188/4 = $47 Billion per quarter, close enough.
My point is why just the oil Companies. I get a Subway sandwich most days for my lunch, used to cost $3.10 with tax, now it's gone up to $3.40. If this price hike happened overnight with gas, then all the Chevy Subdivision drivers would be screaming 'rip off' and demanding the Government do something.
Seems a lot of people think that low gas prices are some sort of Constitutional right.0
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