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Wanna have power over Exxon Mobil (noticed you didn't talk about BP our European oil Company and its 33% more then they did last year), you boycott. You don't buy gas, or you cut back on driving.. Less Demand = Lower prices. Also, did you notice with President Bush lifted the Presidential banning on off-shore drilling.. Oil went down from $145 to $125 in less then 1 week. Also Oil futures are down to $125 until Feb 09, it use to be at $150 a week before the President lifting the ban. ![]()
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Pioneers are walking all around singing songs about Lenin and they should be shot for it. Handlebars "If you are looking for the guilty, you need only look into a mirror"- V It is inaccurate to say that I hate everything. I am strongly in favor of common sense, common honesty, and common decency. This makes me forever ineligible for public office. H. L. Mencken come on you know you wanna play football.. Beagán agus a rá go maith. Economic Left/Right: 3.75 Social Libertarian/Authoritarian: -2.87 |
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Really? How do you figure that? Who mentioned me first? Let's review.
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No, I said it was their money.. not yours..
then you went into your they are gouging me.. blah blah crap. let's review.. I stated a fact. You stated an opinion which involved you personally. But its nice you ignored all those other facts I provided about the Prices today.. and why they fell.
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Pioneers are walking all around singing songs about Lenin and they should be shot for it. Handlebars "If you are looking for the guilty, you need only look into a mirror"- V It is inaccurate to say that I hate everything. I am strongly in favor of common sense, common honesty, and common decency. This makes me forever ineligible for public office. H. L. Mencken come on you know you wanna play football.. Beagán agus a rá go maith. Economic Left/Right: 3.75 Social Libertarian/Authoritarian: -2.87 |
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The thing that is just simply wrong every last single time ExxonMobile or Chevron break records for profits and people rush in to the rescue to claim it is just free market capitalism is we ain't got free market capitalism.
For example, the real goal of the executive teams and CEO's are not corporate profits but their own personal profits. So when the issue of building new refineries developes it is really an issue of cutting into their exorbitant profits. The lack of refinery capacity has become a factor by which the market value of gasoline can be manipulated. And many stockholders in these corporations have issue with the exorbitant salaries and the CEO's and executive teams acting primarily in self interest. I see nothing wrong with some good old fashioned scathing public outrage directed at the ExxonMobile executives. They richly deserve it. And incredibly the Republicans in the Senate have safeguarded ExxonMobil's corporate welfare. Why should a company that is breaking all records for profits of any US corporation in history for any quarter need taxpayer subsidies??? We need to have a list of Republican corporate butt kissers made public so we know exactly who to vote out of office.
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January 20, 2009 - The end of an error. |
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While there may be some truth to that, having old, inefficient refineries also cuts into their profit margin. At some point, newer and more efficient refineries is actually more cost effective for the company, thereby increasing profits.
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A panda walks into a cafe. He orders a sandwich, eats it, then draws a gun and fires two shots in the air. "Why?" asks the confused waiter, as the panda makes toward the exit. The panda produces a badly punctuated wildlife manual and tosses it over his shoulder. "I'm a panda," he says at the door. "Look it up." The waiter turns to the relevant entry and, sure enough, finds an explanation. "Panda. Large black-and-white bear-like mammal, native to China. Eats, shoots and leaves." |
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I'm sure at that level of business decisions involving hundreds of millions of dollars, they have accountants that will do cost-benefit analysis for executives. I am at a point to say if there is no clear benefit for the executive team members and CEO personally, they will not make a decision to proceed with something just because it benefits the company in general or in the long run.
I understand there are quite a few alienated ExxonMobile stockholders that have issue with exorbitant CEO and executive team salaries. Maybe a scenario like the one we have currently will stimulate some in-fighting (making record breaking profits while company stocks lose ground).
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I would suspect that the Federal Government pulled in Much more than Exxon Mobil did ... Considering that the government makes $ 0.46 per gallon and Exxon profits were only $0.36 based on a $ 4.00 per gallon price. Looks like the Government really made out on this one.. Exxon's profits were puny compared to the windfall profits made by the Government. |
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They don't have windfall taxes. That legislation did not pass. They do have taxes that are designated for the repair and upgrade of our highways.
And who is defending the Government here? My theory is the more money they have the more money they spend. As far as I am concerned, if they are making more than the oil corporations per gallon they need to cut back. Have you seen anyone step forward from either party to propose a permanent cut back on gas taxes? Then every last single time they pass a Transportation / Highway Bill, billions of pork gets added.
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