Can't something be done to lower oil prices & the huge profits oil industry giants like Exxon-Mobile make?

Does anyone know of an on-line petition against Exxon-Mobile which made an indecent $4 billion in profits in 2007. The petition could ask the multi-national corporation to voluntarily reinvest just 1/4 of those profits into lowering the cost of a barrel of oil to an amount somwhat less than $110.00 a barrel. This would certainly help to alleviate the financial pain middle- and lower- class purchasers feel as the fill up their gas tanks, and struggle to pay their home heating bills.


I don't claim to much about economics, but even the banks nickel andd dime us to death to manage our money. I believe in capitalism to spur on growth, research and employment, but something needs to be done before our economy falls apart with $4.50/ gallon (or higher) gas prices by this summer. Maybe I'm just economically naiive.


I mention the oil industry mainly because their profits affect almost everything else we purchase from products wrapped in plastic to groceries shipped from other countries.Can't something be done to lower oil prices %26amp; the huge profits oil industry giants like Exxon-Mobile make?
If we all use less, the price will go down.


Oil companies are there to make money, if there is demand for their product, they respond by increasing production and raising prices, they have to.Can't something be done to lower oil prices %26amp; the huge profits oil industry giants like Exxon-Mobile make?
Two things can be done:


1) Let them use those profits to develop new energy resources.





2) Let the Democrats enact a windfall profit tax and waste in on parties and blow.





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There is ONLY ONE WAY to reduce the price OF OIL is to REDUCE THE USE OF IT ! If we continue to use and depend on it, its going to be tough time ahead for the whole world!
Maybe you can get the world's oil buyers to refuse to pay no more than $20 a barrel?





And no, you certainly don't know much about economics. You don't know much about oil and gas either. Find the answers to these questions and try again.





Let's say Exxon BUYS a barrel of oil from Kuwait and pays $110 dollars a barrel.





You pay $3.59 at the pump for a gallon of premium.





How many gallons of oil in a barrel?





How many gallons of gas (reg, mid, premium) are made from that barrel?





How much diesel/kerosene?





How much does it cost to transport that barrel from Kuwait to the US?





How much does the oil tanker cost?





How much did it cost to build the refinery and how much does it cost to keep it operating at peak efficiency? After all, no new ones have been built since about 1973.





How much does it cost to refine?





How much does it cost to transport it to the gas station?





How much did it cost to build the gas station and keep it operating?





(What is the average cost of tearing down the old station and removing the fuel tanks?)





How much of that $3.59 is in state and local taxes?





How much of their billions in earnings is net profit?





What is their profit margin?





How many people do they employ? Pay medical insurance, workers comp, social security, unemployment, retirement, 401k, stock dividends...how much?





Let me know if you still think they are gouging us when you get the answers.
Stop supporting capitalism and support Socialism instead! The heart of capitalism is making more money at all costs! The core of Socialism is promoting people above all else! What's more important to you money or people? These corporations focus on making more capital and higher dividends for their investors. The consumers have meaning only as far as they can continue to buy and pour additional funds into the corporate accounts! When they no longer can provide the prices they demand the consumer will be left to fend for themselves! The federal government must connect profits to pay scales! They won't be permitted to raise prices unless pay scales increase! They receive federal subsidies and tax incentives yet they never pass these advantages to the consumer by way of lower prices! They simply shift it to the other side of the books in increased profits instead! Excess profits,demand price controls. Tie supply availability to profits. The executive branches responsibility is to regulate these industries. Yet George has done none of it! Tight regulations are necessary now! The free for all for industry has gone too far and has to end now! The consumers have to have support from the white house!