Exxon Mobil posts record profit

[Farouka Hookah]

So we get raped at the pump and after Katrina we hear all this supply and demand BS but Exxon seems to make out ok. God bless our corporate leaders :what:

NEW YORK (Reuters) - Exxon Mobil Corp. on Thursday posted a quarterly profit of $9.9 billion, the largest in U.S. corporate history, as it raked in a bonanza from soaring oil and gas prices.

Record profits for Big Oil at a time when consumers are paying sky-high prices for gasoline have brought calls for a windfall profits tax or other penalties on oil companies.

Related newsJapanese Stocks Gain for Third Day Oil Prices Recover Slightly Dow Closes Down 33, Nasdaq Loses 9 Wednesday's Commodities Roundup Asian Markets Close Mostly Higher
The companies have been enjoying an unusually rosy environment for months. In the third quarter, oil prices and refining margins rose sharply after Hurricanes Katrina and Rita ripped through the Gulf of Mexico, disrupting energy operations in the region.

While Exxon's quarterly profit was up 75 percent from a year earlier, and revenue rose 32 percent to more than $100 billion, the results fell short of Wall Street forecasts due to production outages caused by the hurricanes and sharply lower profit at the company's chemicals division.

"They were a bit disappointing, but this a temporary phenomenon," said Paul Kuklinski, an analyst with Boston Energy Research/Soleil Securities. "This is largely attributable to hurricane effects."

MORE (http://news.moneycentral.msn.com/printarticle.asp?Feed=OBR&Date=20051027&ID=5228704)

[STIBROKER]

thats bs....have lost over $1000 in the last 2 months on my exxon stock....

[Ojive]

All I know is I still need petrol for my cars so somebody is making profit,and it ain't me :thumbdown

Exxon Mobil Corp. Chairman and CEO Lee Raymond laughs during a news conference in Dallas, Wednesday, May 25, 2005. Exxon Mobil Corp., the largest publicly traded oil company in the world, on Thursday, Oct. 27, 2005, said third-quarter profit surged, buoyed by higher crude-oil and natural-gas prices, even as the period's hurricanes hampered production. Revenue grew to $100.72 billion from $76.38 billion in the prior-year period.

Fat bastard needs to jog more! hey sti he's eating steaks with your money :laugh:

[Farouka Hookah]

thats bs....have lost over $1000 in the last 2 months on my exxon stock....

Yeah your stock went down but corp. profits went up. Go figure.

[brianw13a]

Yeah your stock went down but corp. profits went up. Go figure.

First off, performance in the stock market is based entirely on spoeculation. It does not correlate to profit.

I don't understand why this should upset you. After all, you lefty's are all in favor of reducing gas consumption. You probably take public transporation or drive a hybrid car right?

[Farouka Hookah]

First off, performance in the stock market is based entirely on spoeculation. It does not correlate to profit.

I don't understand why this should upset you. After all, you lefty's are all in favor of reducing gas consumption. You probably take public transporation or drive a hybrid car right?

Of course we should reduce consumption. I take public trans to work cause I only live 10 minutes from work. Yet, with that being said how is it right that oil companies reap record profits and we still get stiffed at the pump.

[brianw13a]

Of course we should reduce consumption. I take public trans to work cause I only live 10 minutes from work. Yet, with that being said how is it right that oil companies reap record profits and we still get stiffed at the pump.

I pay on average $10 a week more. This is not getting stiffed. Besides when I put my gas bill against my tax bill, it's not even close.

So FH, what would be your criteria for setting gas prices?

[STIBROKER]

I take public trans to work cause I only live 10 minutes from work.

DO PEOPLE STARE AT YOU......

[Spotter]

I pay on average $10 a week more. This is not getting stiffed. Besides when I put my gas bill against my tax bill, it's not even close.

So FH, what would be your criteria for setting gas prices?
A forty percent jump at the pumps is getting stiffed. Just because you went from a 25 dollar a week gas bill to a 35 dollar a week gas billed is not the issue.

[brianw13a]

A forty percent jump at the pumps is getting stiffed. Just because you went from a 25 dollar a week gas bill to a 35 dollar a week gas billed is not the issue.

I just wonder how many people turn down raises or lessen the raise because they don't want to stiff the company.

Besides, we all know the price of crude has gone up dramatically and every business I know of marks up there product by a percentage so it's only natural that the profits rise as well.

[Pistol Pete]

I take public trans to work cause I only live 10 minutes from work.

You have a job? Why, you capitalist dog!
Hey, if you only live ten minutes away, why not just walk? :shrug:

[Farouka Hookah]

I just wonder how many people turn down raises or lessen the raise because they don't want to stiff the company.

Besides, we all know the price of crude has gone up dramatically and every business I know of marks up there product by a percentage so it's only natural that the profits rise as well.

I see that not matter what people here will defend corporate america to the bitter end. Wages & benefits are low, retirement savings is at risk, corporate american gets great breaks from congress but its all ok huh? When they come take your house, car, and retirement Im sure you will be clapping.

[brianw13a]

I see that not matter what people here will defend corporate america to the bitter end. Wages & benefits are low, retirement savings is at risk, corporate american gets great breaks from congress but its all ok huh? When they come take your house, car, and retirement Im sure you will be clapping.

Ladies and Gentlemen I give you the standard democrat emotional argument.

Farouka, so the price of the raw material goes up. What should the company charge? If you think that I'm siding with the company the clearly you must have a better method of pricing.

Here's another little tidbit to think about: Unless you are foolish enough to but your money in bonds, gold, or a standard savings account, yes you too are corporate America. If you work for somebody else, you are corporate America. So the answer is yes, I will defend free enterprise so long as it is free and you've given me no evidence to the contrary - just an emotionally based argument.

[STIBROKER]

I see that not matter what people here will defend corporate america to the bitter end.


didn't corporate america build corporate america........

[DMS]

and what is Denzel doing in your avatar? :confused:

[STIBROKER]

Just plug in your zip code and it tells you which gas stations
have the cheapest prices (and the highest) on gas in your
zip code area.
It's updated every evening.

http://autos.msn.com/everyday/gasstations.aspx?zip=&src=Netx

[Farouka Hookah]

UPDATE

Frist Calls for Hearings on Fuel Profits
With Democrats making gas prices a campaign issue, more in the GOP are asking why oil industry earnings are breaking records.

By Richard Simon, Times Staff Writer


WASHINGTON — Oil industry executives will be summoned to Capitol Hill to explain why gasoline prices are so high — the latest effort by Republican lawmakers to head off political fallout from high fuel costs.

Senate Majority Leader Bill Frist (R-Tenn.) called Thursday for hearings into fuel prices, becoming the second congressional Republican leader this week to raise questions about the soaring profits of an industry that long has been a GOP ally.

MORE (http://www.latimes.com/news/politics/la-na-gasoline28oct28,1,5943298.story?coll=la-headlines-politics)

[brianw13a]

UPDATE



MORE (http://www.latimes.com/news/politics/la-na-gasoline28oct28,1,5943298.story?coll=la-headlines-politics)

I think I'll avoid the rush and become libertarian now.

[RicardoHead]

Guess Exxon isn't earning enough to give employees the real thing, so they'll be raising prices again soon......


Exxon-Mobil Employees Given Fake Flu Shots (http://news.yahoo.com/s/ap/20051028/ap_on_he_me/fake_flu_shots)

Fake flu shots were given out last week at a health fair at Exxon Mobil Corp.'s Baytown complex and an investigation was under way, authorities said.

Exxon Mobil spokeswoman Treacy A. Roberts said Thursday that the FBI told the company that what was administered "definitely not the flu vaccine."

It doesn't appear that the fake shots were harmful, but steps were being taken to ensure workers' safety, U.S. Attorney Chuck Rosenberg said in a statement Thursday.

Exxon Mobil offered blood tests and counseling to the up to 1,000 employees who took part in the health fair at the oil company's vast complex of refineries and chemical plants just east of Houston.

The FBI and the U.S. Food and Drug Administration are investigating what was in the syringes and whether others might have received the fake vaccine, Rosenberg said.

In May, a nurse in Minnesota, Michelle Torgerson, pleaded guilty to dispensing a drug without a prescription, admitting she used diluted vaccine left over from an earlier clinic and pocketed the cash when she gave college students shots at $20 each.

[brianw13a]

As I'm driving to work this morning I started listening the the local talk radio station. Being saturday it was the dollars and cents financial program and they had on a republican that was talking about how to cope with the record high profits that the oil companies are making. His solution was to further tax the profits. Does anyone else see a problem with this solution?

[brianw13a]

CNN Article (http://money.cnn.com/2005/10/28/news/economy/windfall_tax/?section=money_topstories)

Sen. Byron Dorgan has introduced a three-year tax of 50 percent for any profit oil companies make for oil sold above $40 a barrel.


And this is the scheme to lower prices? How does it accomplish that?

All this really does is provide the feds with more revenue and does nothing to lower prices.

[shotglass]

If Dorgan is so worried about the price of oil, why does he continue to stand in the way of our getting our own oil out of Alaska, Texas, offshore...why does he prevent nuclear power plants, refineries, wind farms, and other methods of become more energy independent.

You know that his massive tax increase would be paid by us, not the oil companies. They will simply roll the new taxes they pay into the pump price.

[Eddy's Geist]

Yah... we would pay for the tax increase. sigh...

I wonder if any of the 100 Billion that Exxon made is going to go into building more refineries so that they can meet the supposed higher demands?


If Dorgan is so worried about the price of oil, why does he continue to stand in the way of our getting our own oil out of Alaska, Texas, offshore...why does he prevent nuclear power plants, refineries, wind farms, and other methods of become more energy independent.

You know that his massive tax increase would be paid by us, not the oil companies. They will simply roll the new taxes they pay into the pump price.

[shotglass]

They can't build any new refineries until the enviroNazis quit suing every time one is proposed and some regulations are relaxed.

[brianw13a]

Come out and play Farouka! :D

[RicardoHead]

He's too busy study up on PhotoShop in an attempt to lend credibility to false claims .... :Poke:

[Farouka Hookah]

He's too busy study up on PhotoShop in an attempt to lend credibility to false claims .... :Poke:

No, IM busy putting together your birthday package....

*blue wire connects to....*

[Farouka Hookah]

They can't build any new refineries until the enviroNazis quit suing every time one is proposed and some regulations are relaxed.

Yes, because rifineries should be allowed to just dump whatever runoff they want into the enviroment. As soon as they do that to meet production then we will need to find a supply a clean drinking water.

Im always amazed that oil companies will claim that the "paperwork" involved in expanding operations is overly burdersome even when they have a team of lawyers on staff who do all of the work. Believe me if they want to expand they can do it under our current laws.

[Eddy's Geist]

Yeah, under the current administration the oil companies simply are not going to have a difficult task of building a new refinery unless they try and do it in the Florida Keys or sumthin'. If Exxon wanted to build a refinery in Georgia or North Carolina I'm sure that wouldn't have too much trouble. Of course... Exxon makes more money by not increasing their production capabilities.

[brianw13a]

Yes, because rifineries should be allowed to just dump whatever runoff they want into the enviroment. As soon as they do that to meet production then we will need to find a supply a clean drinking water.

Im always amazed that oil companies will claim that the "paperwork" involved in expanding operations is overly burdersome even when they have a team of lawyers on staff who do all of the work. Believe me if they want to expand they can do it under our current laws.

Okay, but the solution that they've come up with really pisses off the left. Building facilities in other countries is the only economical option left. So now you've made us more dependent on foreign sources and reduced the number of US jobs. And as a bonus, because other countries are not as environmentally strict as the US, you've actually harmed the environment more than if the facility was located here.

[RicardoHead]

Reminds me of when I was in Germany and they opened up the electricity market. All those Green dummficks were banning and closing nuke plants all over Germany (which had the safest nuke plants in the world) so now with relatively free electricity competition the offerers were sourcing their juice from the less safe less clean nuke plants of eastern europe which then started developing more substandard facilities and costing more German jobs.

When confronted with the stupidity of what they'd been pushing and achieving, the Greens simplemindedly responded with pride "yes, but Germany stands for no nukes!"

Yeah, less jobs, foreign nukes, and a lot more risk. That's the stupidity of the lefty mindset.

[RicardoHead]

You thought Q3 was good - this type of shit is going to have repercussions come election time IMHO .....



Exxon profit tops $10 billion, capping record year (http://news.yahoo.com/s/nm/20060130/bs_nm/energy_exxon_earns_dc)Exxon Mobil Corp, the world's largest publicly traded oil company, reported a quarterly profit of $10.7 billion on Monday, rounding out the most profitable year in U.S. corporate history.

The results pushed up Exxon's profit for the year to a staggering $36.13 billion -- bigger than the economies of 125 of the 184 countries ranked by the World Bank. Profit rose 42 percent from 2004, largely due to soaring oil and gas prices.

The news immediately reignited calls for special taxes on large oil companies, who have come under fire for posting billions in profit while consumers struggle with high gasoline prices. Exxon was quick to say that such results would help it make long-term investments to meet energy demand.

"Once again, Exxon Mobil has reaped the largest windfall in U.S. history at the expense of hard-working families," Wisconsin Gov. Jim Doyle said in a statement. "I hope that this news will finally convince the U.S. Congress to take action and force the oil companies to give consumers a refund."Let the party begin (if you can afford the gas to get there)!

[STIBROKER]

well that explains a few things.......

[STIBROKER]

now if I can just get this stock to split.......

[brianw13a]

The news immediately reignited calls for special taxes on large oil companies, who have come under fire for posting billions in profit while consumers struggle with high gasoline prices. Exxon was quick to say that such results would help it make long-term investments to meet energy demand.
More taxes = higher gas prices - yeah that's really going to help consumers. The bottom line is the govt sees opportunity to increase tax revenues to further expand govt.


"Once again, Exxon Mobil has reaped the largest windfall in U.S. history at the expense of hard-working families," Wisconsin Gov. Jim Doyle said in a statement. "I hope that this news will finally convince the U.S. Congress to take action and force the oil companies to give consumers a refund."
Screw that! give me a big ass refund on my taxes. It never ceases to amaze me that govt officials have a problem with companies doing well and earning their money while they (govt) have no problem stealing mine to give it to lazy-ass welfare receipients.

[RicardoHead]

I want a refund from both the government and from big oil.

Actually, screw the refund from gov. I mean I want a serious tax reduction. I pay more in taxes than my father ever earned in one year of his life, and he's only been retired 5 years. Freakin money hungry shitass government beating on me because I'm single with no brats. I hate the gov more than I hate big oil.

[Farouka Hookah]

Boo hoo, poor oil companies.

NEW YORK - Oil refiners cut fuel production in some states this week to counter slipping profit margins, drawing fire from critics already incensed by soaring gasoline prices and Big Oil's recent record profits.

San Antonio-based Valero Energy Corp., the nation's largest fuel producer, said Tuesday it slowed output from its refinery in Ohio by more than 10 percent for economic reasons, even as the company announced its 10th straight quarter of record earnings.

Earlier in the week, British energy giant BP slashed fuel production from its refinery in Whiting, Ind., by 10 to 15 percent because of lower profit margins in the region, market sources said. BP declined to comment.

LINK (http://www.chron.com/disp/story.mpl/business/3627131.html)

[RicardoHead]

Boo hoo, poor oil companies. Thanks for the link, Farouka.

When these companies act like that and can demonstrate that type of control in a market, they are in effect behaving as oligopolies despite all the pretense of a free market. Their (and our) problem is oligopolies tend to become regulated, and when govs regulate such things everyone gets screwed.

[brianw13a]

I'm pretty well convinced that Farouka is a communist.

[Farouka Hookah]

I'm pretty well convinced that Farouka is a communist.
:laugh: So its ok with you that a company is making record profits but slows down production for no other reason than to jack up the price. How is that the market regulating itself. Sounds like market manipulation. Hmm Do you own oil stocks?

[brianw13a]

:laugh: So its ok with you that a company is making record profits but slows down production for no other reason than to jack up the price. How is that the market regulating itself. Sounds like market manipulation. Hmm Do you own oil stocks?
Well since you ask, it is not price manipulation of the market, just that companies price. All it takes is one company to decide to sell cheaper than the others and you have a price war. You act like we'll pay whatever they charge and that just isn't the case.

The funny thing is that it is not Exxon doing this but you and your article have no problem linking the two. And why should I care if Exxon makes record profits? I hope to make record profits every year - it means that I'm doing a good job.

[Farouka Hookah]

Well since you ask, it is not price manipulation of the market, just that companies price. All it takes is one company to decide to sell cheaper than the others and you have a price war. You act like we'll pay whatever they charge and that just isn't the case.

The funny thing is that it is not Exxon doing this but you and your article have no problem linking the two. And why should I care if Exxon makes record profits? I hope to make record profits every year - it means that I'm doing a good job.


You will pay whatever they charge. How will you avoid it?

Sure people are gonna make profits but capitalism is designed to regulate itself but what happens when it doesnt? I guess its money at any cost.

[brianw13a]

You will pay whatever they charge. How will you avoid it?

Sure people are gonna make profits but capitalism is designed to regulate itself but what happens when it doesnt? I guess its money at any cost.
Weeelll, I could drive less, I could take a bus, I could hitch a ride from a coworker, I could buy a diesel car, etc...


You're assumption is faulty - that they are making record profits so they must be making a profit in that particular region. What if Exxon is selling gas cheaper than these companies can in these areas?

What they did say was:
Oil refiners traditionally slow fuel production when profit margins fall into the red — something that happens when the cost of crude rises too high relative to the selling price of gasoline and heating oil.
which would reasonably explain the cuts in production for these companies. Or it is your belief that production must occur regardless of whether it is profitable or not?

[Spotter]

it is your belief that production must occur regardless of whether it is profitable or not?
They have already stated record profits. Or did you not read that part. They are controlling production to make even more money. Plain and simple.

"San Antonio-based Valero Energy Corp., the nation's largest fuel producer, said Tuesday it slowed output from its refinery in Ohio by more than 10 percent for economic reasons, even as the company announced its 10th straight quarter of record earnings."

They stated it themselves.

[RicardoHead]

O L I G O P O L Y (http://dictionary.reference.com/search?q=oligopoly)



That's what it is. Not a free market.

[glockmail]

So we get raped at the pump and after Katrina .... Nobody's got a gun to your head. Take the bus.

[Rguess21]

I'm just curious. Isn't OPEC still a non-profit organization located outside the capitalist US of A?

[STIBROKER]

hey...don't be jinxing my stock......

[glockmail]

I'm just curious. Isn't OPEC still a non-profit organization located outside the capitalist US of A? Yes, and such a group of nice gentlemen.

[RicardoHead]

OPEC's price gauging is mocking my God Of Capiltalism as preached to me by His Prophet, the Holy Dollar.


Let's go burn a Saudi embassy for this grievous insult to the great religion of Capitalism.

[glockmail]

It's probably prohibited in the Koran. Hey FH, we need on ruling on this.

[Farouka Hookah]

It's probably prohibited in the Koran. Hey FH, we need on ruling on this.

Thats it! Im issueing a fatwa.:p

[brianw13a]

They have already stated record profits. Or did you not read that part. They are controlling production to make even more money. Plain and simple.

"San Antonio-based Valero Energy Corp., the nation's largest fuel producer, said Tuesday it slowed output from its refinery in Ohio by more than 10 percent for economic reasons, even as the company announced its 10th straight quarter of record earnings."

They stated it themselves.

I did read that. Actually what I read was:
San Antonio-based Valero Energy Corp., the nation's largest fuel producer, said Tuesday it slowed output from its refinery in Ohio by more than 10 percent for economic reasons, even as the company announced its 10th straight quarter of record earnings.
But what I see is economic reasons, which could mean any number of things.

You may not like it but you are in fact seeing market forces at work here. Take a good econ class and you'll learn all about it.

[Farouka Hookah]

I did read that. Actually what I read was:

But what I see is economic reasons, which could mean any number of things.

You may not like it but you are in fact seeing market forces at work here. Take a good econ class and you'll learn all about it.

I have taken econ classes and between that and common sense I know when im getting screwed. The market is designed to regulate itself, but manipulation is not regulation. I also think that this article should be considered as it relates to Katrina. After Katrina we were told that we need more refining capacity, but obvioulsy some companies have capicity, they just choose to limit it.

[brianw13a]

I have taken econ classes and between that and common sense I know when im getting screwed. The market is designed to regulate itself, but manipulation is not regulation. I also think that this article should be considered as it relates to Katrina. After Katrina we were told that we need more refining capacity, but obvioulsy some companies have capicity, they just choose to limit it.
Why is that you picked fuel companies for your argument? I can think of many other products that are high priced and are set by the companies that manufacture the product and yet you appear to have no problem with them.

Oil companies provide a valuable product to us at a price we are willing to pay. It seems to me that is the definition of supply and demand. Not FH is mad because Big Oil is making money and it just isn't fair.

[Farouka Hookah]

Why is that you picked fuel companies for your argument? I can think of many other products that are high priced and are set by the companies that manufacture the product and yet you appear to have no problem with them.

Oil companies provide a valuable product to us at a price we are willing to pay. It seems to me that is the definition of supply and demand. Not FH is mad because Big Oil is making money and it just isn't fair.


Hey if you wanna go over every business that manipulates teh market we can do that. Oil companies provide some of the most excessive examples.

[brianw13a]

Hey if you wanna go over every business that manipulates teh market we can do that. Oil companies provide some of the most excessive examples.
So you don't think an oil company should decide the price at which they will sell their product?

[Farouka Hookah]

So you don't think an oil company should decide the price at which they will sell their product?
The market determines the price, by slowing production to reduce supply, that is manipulation.

[brianw13a]

The market determines the price, by slowing production to reduce supply, that is manipulation.
Your whole premise that they must sell regardless of the current price, is faulty. It is completely reasonable to decide what profit margin a company must make before conducting business is worthwhile.

You wouldn't give up a $100K/year job to flip burgers just because you could.

[Farouka Hookah]

Your whole premise that they must sell regardless of the current price, is faulty. It is completely reasonable to decide what profit margin a company must make before conducting business is worthwhile.

You wouldn't give up a $100K/year job to flip burgers just because you could.


Come on. Your telling me its ok to slow production of a product, not so that you can make just a profit, but so you can reap astounding profits. These guys arent going broke. Once they got you bent over then they want to see how far you will take it up the :boooty:

[STIBROKER]

Come on. Your telling me its ok to slow production of a product, not so that you can make just a profit, but so you can reap astounding profits.
yes.....

[Spotter]

Nobody's got a gun to your head. Take the bus.That is a pat answer that is not EVEN an option for me in my profession. Nor is it an option for the nearly 85% of us that use our cars as our primary means of transportation.

[glockmail]

Thats it! Im issueing a fatwa.:p Come on, man, that was a legit Q. Gimme me an real answer.

[glockmail]

The market determines the price, by slowing production to reduce supply, that is manipulation. Congress drags their asses into a hearing about every 2-3 years over this, haven't found a thing. You've got a big burden to prove your accusation.

[glockmail]

That is a pat answer that is not EVEN an option for me in my profession. Nor is it an option for the nearly 85% of us that use our cars as our primary means of transportation. Carpool. Bicycle. Motorcycle. Buy an electric car. Telecommute. Get rid of your Caddilac and get a volkswagen. Get a hybrid. Eat lunch at your desk. Consolidate trips. Make biodiesel. Make ethanol. Read by candlelight. Walk. Run. Move closer to your job. Take a job closer to your home. Become self employed.;)

[Spotter]

Carpool. Bicycle. Motorcycle. Buy an electric car. Telecommute. Get rid of your Caddilac and get a volkswagen. Get a hybrid. Eat lunch at your desk. Consolidate trips. Make biodiesel. Make ethanol. Read by candlelight. Walk. Run. Move closer to your job. Take a job closer to your home. Become self employed.;)Which one of those options is yours?

[RicardoHead]

I personally have consolidated trips and completely cut back excess driving. I also learned how to syphon.

[glockmail]

Which one of those options is yours? Self employed.:whip:

[Eagle3]

I also learned how to syphon.

With a tongue like that I don't doubt it! :hehe:

[Farouka Hookah]

Congress drags their asses into a hearing about every 2-3 years over this, haven't found a thing. You've got a big burden to prove your accusation.

YOu trust Congress? Ill remember that.

[Spotter]

Self employed.:whip:Nice way of sidestepping the question. How do you get around?
...I walk most every where I go. Besides keeping more money in my pocket and not in the tank, keeps me healthy too!That is answering the question.

As for me, I am an outside sales rep. My job is to make calls to my customers. Customers who fix cars for a living. I have over 150 accounts on my books. Those are my accounts alone. That does not include house accounts I also call on. They are located all over the city. The entire city of Austin and surrounding area is my territory. Walking, biking, busses, rickshaws, hang gliders, or anything else you can think of is not an option. Electric car, not enough charge. Hybrid, too expensive.

And too all those giving me these so called "options," what mode of transportation do you use on a daily basis? A gasoline powered car? Thought so.

[brianw13a]

And too all those giving me these so called "options," what mode of transportation do you use on a daily basis? A gasoline powered car? Thought so.
Well I for one drive my car - but then again I'm not the one bitching about the price of gas. I could take the bus if I wanted but it's still a better deal for me to pay for the gas.

[glockmail]

YOu trust Congress? Ill remember that. So you suspect a conspiracy then?

[glockmail]

Nice way of sidestepping the question. How do you get around?
...... I answered the question directly, as self employment was on the list I gave you earlier. As a self-employed individual, I can work out of my home most days, saving $$ in fuel, as well as time.

If you drive in the City all the time, the $2500 extra or so that you would spend on a hybrid would pay for itself easily. Or the diesel. Just do the math. As an inovative technology in your field, you could use it as a conversation starter, generating sales, since people would see how smart you are. Instead of complaining about high fuel prices, which any smuck can do and nobody wants to hear it, use the situation to your advantage.:whip:

I knew a salseman who used to drive 100,000 miles/ year, back in the late 70's, the real energy crunch, when OPEC had power. He drove an Olds Cutless Diesel. He insalled one of his products, a fuel filter for helicopters worth several thousand dollars, under his hood. That was how he demonstrated that product. He was a very wealthy man and retired early.

[RicardoHead]

With a tongue like that I don't doubt it! :hehe:
And you'd think it'd be all tired out by now, but it be gittin allotta practice. :smokin:

[brianw13a]

Come on. Your telling me its ok to slow production of a product, not so that you can make just a profit, but so you can reap astounding profits. These guys arent going broke. Once they got you bent over then they want to see how far you will take it up the :boooty:
It seems you just can't get passed linking Exxon and this company. What constitutes astounding profits? Who is to say how much is too much?

Everyone is all pissed off because they went out and bought these big ass SUVs and now they have to pay for the gas. Well guess what? It isn't hard to review history to find that gas prices typically jump dramatically every15 years or so. It happened in the 70's, the beginning of the 90's, the end of the 90's, and it happened again recently. Big shock. Now American oil companies are making money - good for them. And the economy is good which helps even more. I haven't seen any evidence of a conspiracy. You want to get all pissed off and cry because it isn't fair that the big ol'mean oil companies won't give away their product. Well I won't because I know what it means to charge a price that someone doesn't like and I know some of the reasons for it and it doesn't always have to do with higher profit.

If you're willing to restrict the profits a company can make, are you also willing to restrict your own income? Are you willing to sacrifice your investments?

You do not have a clue. Of course it is price manipulation.
And to answer this - no I do not KNOW that it's price manipulation. Again I ask for the proof.

That's enough ranting for the moment.

[RicardoHead]

Just because we are all back into "beat up on Farouka's deceptions" mode...
Come on. Your telling me its ok to slow production of a product, not so that you can make just a profit, but so you can reap astounding profits. These guys arent going broke. Once they got you bent over then they want to see how far you will take it up the :boooty:Look Farouka, I'm no fan of big US oil, but I don't see your arab buddies over there pumping significantly more piss from the earth to drive down the price either. And speaking of outlandish profits they say it costs about $5 to pump & deliver the goods from the ME, but your buddies are raking in better than $60 a barrel, which is over 90% margin. I've heard muzzies have some rules against usury, but apparently ass-raping a planet is okay, right?

Just as much blame is due your buddies as is due Big Oil here.

[Farouka Hookah]

Just because we are all back into "beat up on Farouka's deceptions" mode...
Look Farouka, I'm no fan of big US oil, but I don't see your arab buddies over there pumping significantly more piss from the earth to drive down the price either. And speaking of outlandish profits they say it costs about $5 to pump & deliver the goods from the ME, but your buddies are raking in better than $60 a barrel, which is over 90% margin. I've heard muzzies have some rules against usury, but apparently ass-raping a planet is okay, right?

Just as much blame is due your buddies as is due Big Oil here.

I like how you use to this to talk about the "Arab Menace." The top oil importer to the US is Canada followed by Mexico. Saudi Arabia is Third and and the only Arab country in the top 5.

[RicardoHead]

Hey, no one here has any issues with beating up (figuratively) on canadians, mexicans, venezuelans or whatever. I'm up for it, but it doesn't negate the fact that Big Oil isn't the only one driving this whole game.

[Farouka Hookah]

Hey, no one here has any issues with beating up (figuratively) on canadians, mexicans, venezuelans or whatever. I'm up for it, but it doesn't negate the fact that Big Oil isn't the only one driving this whole game.

Well it would take some research to see which countries have nationalized their oil.

[RicardoHead]

Research is but a speedbump in a careening global flame-war.

I'd rather draw cartoons and piss off 1/6th of the planet.

[Farouka Hookah]

Research is but a speedbump in a careening global flame-war.

I'd rather draw cartoons and piss off 1/6th of the planet.

Flaming, What Flaming?

[glockmail]

I like how you use to this to talk about the "Arab Menace." The top oil importer to the US is Canada followed by Mexico. Saudi Arabia is Third and and the only Arab country in the top 5. I think you mean "exporter". But the answer to our animosity is "OPEC", which would be illegal if operated within our borders.

Maybe we should invite them all to Mike Jackson's place for one of their meetings, then arrest them all. :p