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Old 01-12-2015, 01:20 PM   #1
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Greed? It's called fiscal responsibility. If it costs more to pull oil out of the ground than what you can sell it for - that's a bad business and will soon be bankrupt.

You don't work for free, so neither will these companies.
Look at exon's profits over the years...they make a lot of fiscal responsibility.
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Old 01-12-2015, 01:49 PM   #2
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Look at exon's profits over the years...they make a lot of fiscal responsibility.
A perfect example of Capitalism in action. And everyone who complains about it should either A) move to Russia or B) wise up and buy some stock!

We can all benefit from these companies profits - that's another thing that makes our countries great.
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Old 01-12-2015, 02:18 PM   #3
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and the rich get richer and the poor get poorer.... it's a perfect system, really it is...Wait 'til they flex the other way...
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Old 01-12-2015, 07:06 PM   #4
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and the rich get richer and the poor get poorer.... it's a perfect system, really it is...Wait 'til they flex the other way...
Yes, the rich get richer. Why? Because they are smart enough to use the system to their advantage. Anyone can do the same thing. It takes some guts, some smarts and yes, some luck, but it really doesn't take a lot of money to get started. So quit whining cause you aren't smart enough to do what so many others have.
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Old 01-13-2015, 11:15 AM   #5
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Yes, the rich get richer. Why? Because they are smart enough to use the system to their advantage. Anyone can do the same thing. It takes some guts, some smarts and yes, some luck, but it really doesn't take a lot of money to get started. So quit whining cause you aren't smart enough to do what so many others have.
Nothing is more pathetic than an intelligent person assuming they know me and what I've done and not done during my lifetime. BTW your angry attitude sucks and I'd like you better if you were a little more upbeat. You must be young or stupid because you lack humility severely.
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Old 01-13-2015, 11:18 AM   #6
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Nothing is more pathetic than an intelligent person assuming they know me and what I've done and not done during my lifetime. BTW your angry attitude sucks and I'd like you better if you were a little more upbeat. You are not better than anyone else here and you can shove your opinions...
You talk about upbeat opinions....but none of your opinions have been upbeat. I'm just responding in kind. I'm perfectly willing to have a nice debate, much like PL and I are having.
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Old 01-12-2015, 08:07 PM   #7
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and the rich get richer and the poor get poorer.... it's a perfect system, really it is...Wait 'til they flex the other way...
I think a more accurate statement is that the rich are getting richer by leaps and bounds as the truly poor merely inch upwards over time.

The bottom line is that everyone, rich and poor alike, get richer each year (but by differing amounts).

I am not sure what this has to do with the price of gas?
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Old 01-12-2015, 02:55 PM   #8
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Look at exon's profits over the years...they make a lot of fiscal responsibility.
Exxon Mobile's margins are right at or below 10% of revenue, pretty low actually compared to most Fortune 500 companies. Apple's margins are at 27%, are you mad at them?

Exxon also employs over 75,000 people at above average compensation levels.

Hating on "Big Oil" is pretty cliche, as others have stated best to join in the profits by purchasing their stock. You probably already have some if invested in mutual funds.

There is currently a 2 million plus barrels a day surplus in production, prices will likely continue to decline and stay low for the first half of '15.

For the accountant types:

Diving deeper
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Old 01-12-2015, 07:08 PM   #9
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Exxon Mobile's margins are right at or below 10% of revenue, pretty low actually compared to most Fortune 500 companies. Apple's margins are at 27%, are you mad at them?

Exxon also employs over 75,000 people at above average compensation levels.

Hating on "Big Oil" is pretty cliche, as others have stated best to join in the profits by purchasing their stock. You probably already have some if invested in mutual funds.

There is currently a 2 million plus barrels a day surplus in production, prices will likely continue to decline and stay low for the first half of '15.

For the accountant types:

Diving deeper
+1

And - let's not forget how much money most big corporations give back to the communities. Exxon for example provided almost $270 million in contributions worldwide - $110 million for education alone. Yeah, corporations are bad, all bad.
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Old 01-14-2015, 05:50 AM   #10
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+1

And - let's not forget how much money most big corporations give back to the communities. Exxon for example provided almost $270 million in contributions worldwide - $110 million for education alone. Yeah, corporations are bad, all bad.
How about using our tax dollars more effectively? I am not impressed with this much profit being "given" away. The other horrible side of this is that the corps. buy people. People often give up their morals for profit. This is a reckless way of proving your good.
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Old 01-14-2015, 06:22 AM   #11
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Cheapest fill ups right. Local ARCO station has regular for $1.79. Good friend of mine lives in San Jose and pays $2.59 for regular at his local ARCO. The huge difference, 44%, is interesting.
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Old 01-14-2015, 09:01 AM   #12
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How about using our tax dollars more effectively? I am not impressed with this much profit being "given" away. The other horrible side of this is that the corps. buy people. People often give up their morals for profit. This is a reckless way of proving your good.
I'm not following you. How does giving money to charities have anything to do with using tax dollars more effectively?
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Old 01-14-2015, 09:11 AM   #13
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I can still recall the time a fillup cost more than $20. Of course that was with a '74 Opel Manta.

About 24 gallons of diesel for my GL was only $56 instead of the usual $75 yesterday and I took note of that.
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