Exxon/Mobil's profits are the highest in the history of oil companies...?

... so are thier expenses,Research and Development outlays,and modernization/anti-pollution outlays.Why doesn't thier all time high expendatures make the head-lines as well?Exxon/Mobil's profits are the highest in the history of oil companies...?
Equally as important is that the profit MARGIN of big oil isnt that significant at 5%- they do need money on hand for research and development and we all know that no one is going to volunteer to give them a few billion when it comes time to drill a new well.


If you want prices to come down, let them drill here at home and on the continental shelf- let them build a couple refineries- we can bring the price down if the leftist get out of the way. Oh, the dems at the national level and in my state all want to raise gas taxes- imagine thatExxon/Mobil's profits are the highest in the history of oil companies...?
I think that oil production needs to be nationalized.





It is a needed commodity that no one can live without.





The profit needs to be taken out of this and put back into the people through lower prices.





I'm all for capitalism, but there is a limit and this is one area that needs some serious limitations.





Further, it has been repeated over and over that nationalizing oil production in this country will stop exploration, and we will be in worse shape then before. That is pure BS





#1 The National Geological Survey is a branch of our government that the oil industry gets information from.





#2 No government, through nationalization, will allow a commodity as important as oil to be anything less then a top priority.





#3 Oil production and exploration will always be the lifeblood of this country till we find a decent alternative. The government will not allow this life blood to be disrupted through bad planning.





Example of how nationalization works.


I live in China as an ex pat from the USA.


Oil production is a mix of socialism and capitalism working side by side.


Gas here is about $1 less per gallon.


China pays the same price for imports that we do.





Therefore, $1 per gallon more in the states is going for taxes, fee's and profit.





In China, the profit goes into the general fund. Which helps keep costs down.





In the USA, the profit goes into the pocket of the shareholders and profiteers.





===============


Life is so simple, but we insist on making it complicated





Confucius


551 - 479 BC


===============





Peace





Jim





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I would say because our so called ';unbiased MEDIA'; doesn't deem that information necessary..........what a crock. They should report the FULL STORY.
Because we love High gas prices.
Better yet . . . when will Americans realize that they (Big Oil) are our only viable economic counterweight to OPEC. Never ever throw out bad water before you have good.
Those profits pale in comparison to the defense industry profits and those come directly from taxes .
Profits are defined as income AFTER paying for expenses such as the ones you list.





And like all liberals, I have no problem with corporations making profits -- I think that's good. I just don't understand why we need to give them taxpayer-funded subsidies on top of these record profits.
Mmm, might want to recheck your info there buddy.
Envy
If their expenditure is at record high and they are still making record profit, it still equates to something being wrong.
Mind you, the media is controlled by liberal half-wits (I do realize that using half-wits was redundant, but it made me feel better). They can't report anything that even remotely resembles the truth, lest it prove beneficial for the ';Evil'; conservatives.