Monday, July 26, 2010

Are the Jewish reputation being use by Exxon & Cheney to create wars for oils? Iraq & now Russia?

';...Amoco 鈥?later taken over by British Petroleum 鈥?was an early partner with Yukos in a highly prospective Siberian oil field Priobskoye. Amoco spent $300 million developing the oil field ............





Because Khodorkovsky's father is Jewish, Cheney said it was motivated by anti-Semitism, and that it is only one of many steps to clearing Russian economy from Jews. Gusinskiy and Boris Berezovsky, who too have Jewish roots, have also been persecuted





When he was arrested, $14 billion worth of stocks he held in Yukos Oil--44 percent of all shares in the company--were frozen by government prosecutors, who said Yukos owed Russia $24 billion in back taxes. This prevented him from going through with a $20-billion projected investment deal with Exxon-Mobil that undoubtedly was behind his downfall





auction is reported to be $8.6 billion, but whoever buys it will have to pay $25 billion more to the Russian government to cover the taxes. (Interfax)Are the Jewish reputation being use by Exxon %26amp; Cheney to create wars for oils? Iraq %26amp; now Russia?
%26lt;yawn%26gt;

Did McCain pick Sarah Palin or did Exxon pick Sarah Palin because of the oils? McSame wanted Joe Lieberman?

At other times, party members have also proposed that the state explore the possibility of joining Canada. Other members have expressed opposition to joining Canada in its present form but are open to the possibility of joining an independent Western Canadian state in the event one should be established. Neither of these scenarios form part of the party's current platform.Did McCain pick Sarah Palin or did Exxon pick Sarah Palin because of the oils? McSame wanted Joe Lieberman?
re: voice of liberty:





mccain did want leiberman but he caved to the right wing of the party in picking a christian conservative. lieberman is hardly a democrat these days and democratic voters hate him. he is however a conservative who is also seen as ';middle ground'; somehow and that's why mccain wanted him. the two candidates have vastly different goals: lieberman would suit one and not the other.Did McCain pick Sarah Palin or did Exxon pick Sarah Palin because of the oils? McSame wanted Joe Lieberman?
Its quite obvious that McCane picked Palin. Its also quite obvious their was a very strong party influence on Obama to pick Biden. Biden doesn't represent anything Obama stands for.
McCain not only wanted Lieberman But I think that after Palin resigns in the near future that McCain is going to get Lieberman
Maybe, big oil did seam to have bought McCain for sum greater than one million, but looking at it, I think the people who ran McCain's campaign are the ones that picked her... they simply said, this is how you can pick up the woman's, family values, and evangelical vote... McCain saw her picture, read her profile, and then made his decision...





I just hope that people aren't simple enough to fall for such an easy trick.
McCain did not want Lieberman. I keep hearing this from libs so often. If Lieberman is so great, then why didn't Obama pick him?

WHere is Exxon, Shell, and Cheveron at in Iraq, I'm over here and I don't see any Oil being pumped out

I might be wrong, can someone show me on a map or something where this so called war on oil is at,





If bush wanted to justify the war in Iraq he would of planted a couple of nukes before the war started





If bush wanted to link 9/11 with Iraq he would of used iraqi terrorist not saudis





If bush stole 2 elections, lied and covered up his military service and planned 9/11





lol you guys are funny!!WHere is Exxon, Shell, and Cheveron at in Iraq, I'm over here and I don't see any Oil being pumped out
I know I have been there for 21 months and I at least expected the gas prices to go down because of the oil war we started. I am begining to think that maybe this war wasnt about oil :-)WHere is Exxon, Shell, and Cheveron at in Iraq, I'm over here and I don't see any Oil being pumped out
Oil %26amp; Iraq situation have nothing to do with each other.





The U.S. gets 40% of its oil right here at home.


Most of the rest comes from the top five:


Canada, Mexico, Venezuela, Saudi Arabia %26amp; Nigeria





Iraq is LOW on the list...





http://www.worldpoliticsreview.com/image鈥?/a>
85% of that oil is under contract to a French firm, Compagnie Petrol De Francais. Those contracts date way back to the period of the so-called UN ';embargo';. But, some people who are filled with a visceral hatred of George Walker Bush and his administration don't want to let facts get in the way of their hatred. They do the same when they ';warp'; the WMD issue, which we used to try and gain a UN Security Council Resolution for another Peace Enforcement Mission, with the Congressional Authorization to conduct offensive military operations against Iraq. They don't recognize that a lot of the reasons contained in that resolution were also in the Iraq Liberation Act passed in 1998, during the Clinton administration.


Good luck on your tour in the ';sand box';. I wish you a safe return to home and loved ones.
I was there for fifteen months, and I didn't see any either.
I think it should also be pointed out that the USA imports more oil from Canada and Mexico than any country in the Middle East.





The ';blood for oil'; battle cry is all about fooling weak minded and easily fooled Liberal lemmings.
Exactly. You couldn't have said it any better. Thank you for pimping this out.
It is kinda funny...





Im sure your question will bring out the liberal Bush Bashers in force.
Doesn't mean he isn't one of the worst presidents in the history of this great nation.

Shouldn't Exxon & Conoco Just Shut Down US Production Since Hillary/Obama Want to Levy Huge Taxes on Oil?

Doesn't it make less sense to produce if a Dem is going to nail you with high taxes? Why bother producing at all?





After all, wouldn't that accomplish what Dems want --- no US production and buying all of our oil from OPEC, Russia, Venezuela, Norway, and Mexico?Shouldn't Exxon %26amp; Conoco Just Shut Down US Production Since Hillary/Obama Want to Levy Huge Taxes on Oil?
Now now, first Hillary said that she was going to take the oil profits and then Obama jumped on the wagon and stole her idea and HE said he was going to take the oil profits. This is one of the reasons we have such high gas prices. The oil companies are trying to make as much as they can before Obama STEALS their profits. That with the normal summer gas increase has put the gas price through the roof.





Anyone can deny this but I live close to an oil refinery and I've learned quite a bit from the people that work there.Shouldn't Exxon %26amp; Conoco Just Shut Down US Production Since Hillary/Obama Want to Levy Huge Taxes on Oil?
After you said that, gas prices just went up 5 cents.
Perfect, the reason behind levying taxes on oil companies is to prevent the coming energy crisis. Plus, we get to spend that money on nice things like education and the military.
I hate to agree since we need gas but from a business standpoint...yes
No, to th contrary,if they DO NOT produce oil then will they be slapped with a huge fine and/or tax!
If you were making a $1, and now you are going to make $.50, would you be better off making nothing?





Of course not.

Exxon/Mobile has just posted it's 2007 earnings of 40 billion. Have we been RAPED by big oil? What can we do?

The earnings are the largest in the history..Exxon/Mobile has just posted it's 2007 earnings of 40 billion. Have we been RAPED by big oil? What can we do?
Keep it up we need more hot air balloons.Exxon/Mobile has just posted it's 2007 earnings of 40 billion. Have we been RAPED by big oil? What can we do?
I really don't see anyone putting a gun to your head and forcing you to buy your fuel at Exxon/Mobil. Shop elsewhere.
If you seen how much the government makes on each states gas tax.... added up to a total....


You would think you have been raped by Big Oil.... AND the government!~!


Remember.... its not just big oil bending you over.


Its the government who also has its hand DEEP in your pockets.


And its not just Cheney and BUsh helping them all either...


Its Politicians on BOTH sides of the political spectrum holding your butt cheeks open and greasing you up really good for them!


Its been this way for DECADES. Lately... theyve just gotten bolder.


And it shows in record federal and state reciepts for the gas taxes.... and record profits for big oil.


Of course.... they always leave out how much money the government screwed you over for.... just to point the finger in big oil...ALONE's direction.
Yes and oil prices on the world market are at record levels....every bussiness attempts to make a certain profit margin on their investments, normally a minimum of 10%....... if exxon pays more for its oil, prices its gasoline to make 10% their profits will obviously go up......or are you suggesting that exxon should purchase that barrel of oil at $100, process it, transport it, market it, and sell it at a loss?....its called capitalism
Hit'm with a multi billion ';windfall'; tax!
No ones paycheck has increased, probably not even the working people at Exxon. Yes, we are being raped unless you believe that we are using more fuel at 3.00 a gallon than at two. Supply and demand? I don't see it in my area.
we shouldn't even be using oil any more except for plastics and fertilizer! we have the technology to pull electricity straight out of the ionosphere and there is hundreds of times more than we could ever use up there. EVERY DAY 3 times the total GLOBAL ANNUAL electric consumption falls from the sky to the ground. all we have to do is put something in between and harness it. Tesla invented something to do this over a hundred years ago, but why did it never get put into place? because it would distribute power through the ground wirelessly... and FREE. Westinghouse and Carnegie said, ';where can i put my meter?'; and when he said it didnt have one, he was blacklisted for life. his inventions are still on file at the US patent office. ive read them. they work. why they havent been built is way beyond me....
It's actually 41 billion but what a billion or two between friends.





Elect Dems and let stop the Big Oil collusion that's driving up prices.
Exxon Mobil doesn't create the demand for their product. You do.


I wonder if you would be just as upset if there were no gas to buy at the pumps and be blaming Exxon Mobil for that as well.


What if Exxon were selling Ice Cream instead of gasoline and made $40 billion in profit. Would you still be upset?
BOYCOTT EXXON!





we need to wait for a dem. to be elected so they will hopefully fix this for us.





i find it ironic that ever since bush the oil man first took office gas has gone up. the average price per gallon before he started destroying this country was only $1.46





Bush apologists will blame the price increase on supply and demand. give me a break.
Of course their profits are up, they sell oil way above the cost of production to the Chinese company that built your current computer and all of the toys you bought the kids in December.
For a company that only provides ';3%'; of the worlds oil production....i think this is just one more indication that the American people have been getting screwed over royally by American oil companies. Makes you wonder if gas prices could have been cut in half and Exxon could have dealt with just making $20B......but i'm sure they will tell you again and again that they have no control over the gas prices.
Ever since the Dems won Congress, Big Oil has posted record earnings after record earnings. Congress can do something but Big Oil knows they will not.


Isn't it sickening that the same dems who can stop this, blame the president (who cannot do anything) and say there is nothing they can do?


VOTE EM OUT
I wouldn't mind the rape as much if they didn't add sand to the Vaseline ;-)
Yep big oil did do a job on us.


19% is taken in taxes


4% is profit and marketing


http://www.npr.org/templates/story/story鈥?/a>





So who is doing the real rape?





Factor this in too now Democrats want to raise the taxes even more to fight global warming.





Atleast I know that when it comes down to this


at least I know that oil companies pay their people well and have great benifits.





The government on the other hand does nothing but become a gaint sink hole for waste when they take a buck for welfare and give out 10 cents.





You know what you can do?





1. Drive smaller cars


2. Use public transportation


3. Look around your house and see what do your really need.





If people like Gore give up their SUVs that would a lot to increase supply and drive the cost down.
no you have been served by big oil and you bought it, they cant make a profit if you don't buy it, unless you adopt the old McDonald's made me fat argument,





stop buying Exxon/Mobil gas, buy chevron/Texaco, or better yet you can by shell or bp and send our money over seas, of corse you'll be ending a lot of jobs here in America, and hurting pensions and 401k accounts for millions more, but that's not your problem is it? so long as you stick it to the man right?
Actually thats good...They are a big company that employs thousands of workers. Because of these big companies, millions of families have a roof under their heads.
Bend over and spread your checks.
Oil is more expensive than any time in history. What is the profit on it? That's the key. They historically run at a 9 to 10 percent profit margin. If it's more than that, then there is something amiss. If it's less than that, then they are actually taking a hit. Earnings mean little, profit means a lot.
get some lube so it hurts just a little bit less it really the only thing we can do. ;)
We can pray the government raises taxes on everyone!

What more important to the US? Stable oil supplies, or ensuring even more billions in profits for Exxon/Mobil?

It's ridiculous that U.S. courts have any business deciding issues of Venezulean law. But its completely insane that we could risk losing oil supplies just to prove the point that Venezuela has no right to decide what happens to its own oil resources.





http://news.yahoo.com/s/ap/20080210/ap_o鈥?/a>What more important to the US? Stable oil supplies, or ensuring even more billions in profits for Exxon/Mobil?
Heaven forbid a country enter into a contract with another organization, have that organization provide their end of the deal, and have a left wing whack job fail to live up to his end of the deal.





Are Americans really this stupid?What more important to the US? Stable oil supplies, or ensuring even more billions in profits for Exxon/Mobil?
As one of the companies presently controlling U.S. domestic and foreign policy, Exxon/Mobil has quite the vested interested in maintaining and/or expanding its profit margin. And, it really doesn't care what U.S. courts or the U.S. people have to say about the matter.
OMG! Our government is out of control!


We are telling everybody what to do.
It is more ridiculous that you support a third world communist dictator that refuses to honor the obligations that he has.





Move to Venezula and live for a year under the Chauvez regime, then come back and tell us how good it was. You would be one of the few; they are rising up against him in droves down there.
Ask Bush... I think he has already taken care of the billions for Exxon.. with a little something for himself... so he can buy half of Paraguay maybe..lol
  • lip plumper
  • Exxon freezes 13 billion of Venezuela's assets. So Chavez cuts off oil to America. Isn't that sound business?

    Hey, if Exxon froze 13 billion of your dollars -- seriously, would you do business with them?





    Exxon got pissed off because Chavez nationalized the oil, and Exxon could not go about ';business as usual'; by sucking the monster profits off the oil, got childish about it, and froze 13 billion of VENEZUELA'S MONEY.





    Is that right? Is that good business? Doesn't any country have the right to allocate/use/construct their resources/business any way they please?





    Exxon became aggressive. Chavez called their bluff.Exxon freezes 13 billion of Venezuela's assets. So Chavez cuts off oil to America. Isn't that sound business?
    Chavez already paid Exxon the value Exxon had in its books for its properties in Venezuela (he didnt just nationalize the oil companies, he paid them billions when he did it)





    Now Exxon is saying its properties were worth much more than that, doesnt that meant that Exxon actaully owes Venezuela tons of back taxes??Exxon freezes 13 billion of Venezuela's assets. So Chavez cuts off oil to America. Isn't that sound business?
    LOL good point, having oil men in the white house DID make prices go up, gee how could that happen?





    thanks for picking my answer! Report Abuse

    I agree.





    If the oil companies were raping my country without the benefit of lube (which they are)...and I had the power to stop it I would.


    If then someone froze my accounts I would cut off their oil..freeze any accounts of theirs I could, throw out all people from that country and block them from entering my country.








    To those saying stolen from exxon, etc%26gt; Please explain to me 1) why it is ok for us govt to do same exact thing via eminent domain? 2) Why this is not fair as Exxon steal from everyone?
    this is pathetic...you people have NO idea what you're talking about...sad...





    momma, huckleberry...i do not include you...
    Hugo Chavez knew that Exxon as a Corporation enjoying huge profits from their enterprises, on the backs of the American people, is tied to the Bush Administration with its oil interests amid the leadership, almost every one of them profiting from the price of our gas. Since Chavez resents Bush and everything he represents and he knew that the Bush Administration had to approve the freezing of funds, he punished Exxon in the way that he did.





    We live in a Corporate-run world. Huge Corporations have their eyes on the money and with nationalized oil, they were losing the profits from Venezuela. I am not a big fan of Nationalized Oil Interests, but it is not too far away from what we have now. Venezuela, as a nation, has a right to handle their interests in any way they please. If they object to Chavez' handling of it, it is their job to straighten out their country. Venezuela's money is Venezuela's money and Exxon had no right to do as they did.
    To hell with Exxon and Chavez.
    You are spot on there on every point.





    Do not be surprised if Chavez becomes the target for yet another CIA-backed, corporate-sponsored coup.
    you hit it on the nose.I LIVE ON THE GULF COAST.WIN I SEE SUPER TANKERS COME IN TO OUR PORTS AND UNLOAD MILLIONS OF GALLONS OF OIL.REFINE IT .SEND IT BACK OUT WITH OUT PAYING TAXES.
    Well, let's see. You are the president of a country. A corporation from some other country comes and buys land in your country and invests massive amounts of money to build a system that will make them a lot of money but also contribute a lot of money to your country. You decide you'd rather have all the money yourself, so you try to take it. The company isn't happy, needless to say, and it takes you to court. Freezing assets is a normal procedure in lawsuits that expect to claim large amounts of money.





    We have investments from countries all over the world here. Should we take them over, too?
    A contract was signed by Exxon and the Venezuelan government. In steps the newest Castro wannabe, and he breaks the contract. Under international law, Exxon would win in court. If you study the history of Latin America, you will see that all those countries go from one far left government to one far right government and back again, since 1810. Although I don't like big corporations, they can take their grievances to court and the U.S. government has no power to do anything about it. Chavez , obviously, has no clue what democracy is all about. The Venezuela people would be better off without him and his like.
    Exxon...you ought to see their ads.





    They make themselves look like God.
    Hugo Chavez is the democratically elected leader of Venezuela, and he is the person to decide how the oil is to be dealt with.





    Not Exxon.





    Frankly, Exxon has far too much power for a mere ';business'; anyway. Why on Earth would they think they should be able to determine a foreign country's oil policy?





    It's none of their damn business if Venezuela decides to nationalize their own damn oil.





    However, I would bet a million bucks that the bigwigs at Exxon had a stroke apiece when THAT news was announced!
    Exxon had a contract with the country and took a huge risk in investing there. Chavez knew exactly what he was doing. He waited until Exxon and the other oil companies were finished their major exploration, drilling, and construction projects and then determined the deal was ';robbing'; the people of Venezuela. Exxon should be paid for its investment and lost income. If a court determines they should get X amount of dollars for Chavez breaking that agreement, then they deserve X amount of dollars, not what Chavez thinks his victim should receive. Good for Exxon!





    The only travesty here is that the thousands of smaller investors and individuals who Chavez has screwed do not have the lawyers to fight Chavez's theft.





    Yeah, you made a nice argument for Chavez. It's just too bad the facts get in the way.
    This is what we get for allowing other countries to buy land in our country.








    Darwima, it's sad as hell to see how uneducated the so called educated masses of our country have become or have been duped into stupidity.
    I am absolutely against Big Government and view government regulations and control as a last resort. When an industry or individual corporations become more powerful than the world's only superpower, something has to be done. The entire system has gone awry. The problem is, our government IS the corporate elite. The policy makers ARE the profit takers, who in turn pay the truth makers. And the wheel goes 'round.





    Chavez is an ally of We The People, our government is our enemy. They don't even bother to hide it anymore. At this point chemo won't even begin to touch the 'cancer' (Fascist Corporate Corruption). Any ideas?
    that is what's called an embargo to stop an import of oil in this case that's what It's called embargo.
    I always say...Don't bite the hand that feeds you...
    I haven't done business with them since they reported those insane profits Paid the last Ceo 4 billion in his retirement package and had the highest gas prices in America. They have gotten 6 dollars from me in 3 almost years. as for Venezuela they Should Freeze the funds . The technology Chavez stole is worth at least that. Anyway I believe we should Annex Venezuela Jail Chavez and TAKE the oil.

    Is it unpatriotic for Exxon to charge Americans $140 for a barrel of American oil?

    Is it unpatriotic for Exxon to charge Americans $140 for a barrel of American oil?





    Just 5 years ago, Exxon was able to ';make ends meet'; whil charging $30 for a barrel of oil. Today they charge $140 a barrel and more. Obviously their costs haven't gone up anywhere near 300%+. Labor costs may have inched up. Other costs may have gone up too, but absolutely nothing justifies charging $140 for a barrel of oil. The over charge translates directly into profits. Why is Exxon helping OPEC to destroy the American economy? No law required Exxon to charge $140 for oil. Nobody is holding a gun to their heads. Please don't give me any crap about ';the market sets the price';. No business in America is forced to overcharge Americans.





    Why does the management of Exxon want to help OPEC destroy America's economy?





    Happy 4th!Is it unpatriotic for Exxon to charge Americans $140 for a barrel of American oil?
    Anyone who says that the supply side of the US oil market is not being manipulated only for the sake of pure unabated greed, is either making a profit on the manipulation or naive.Is it unpatriotic for Exxon to charge Americans $140 for a barrel of American oil?
    Yes, it is.





    Anyone that says differently either owns at least a few thousand shares of Exxon/Mobil stock or is working for our enemies.





    Or, both.





    Edit: To Herb - patriotism trumps capitalism every day of the week in my book, buddy. Why aren't people like you in prison to protect the rest of us?
    Do you know why it's $140 a barrel? Because we, both Ds and Rs, threaten war with Iran. Sorry not threaten, promise war. One of the main reasons.





    Not to mention our dollar is also weak. Study the Gold Standard and we could easily afford oil.
    Yep, they drill for, transport, refine, and sell the oil. They are an American company selling to Americans. It's extortion pure and simple, an engineered crisis to fleece the people.
    The $140 is a world price for this commodity. Exxon is not charging America this price. Why are you so angry against America? How old are you anyway?
    No, and for you to ask this shows you know nothing about economics. Exxon's profit margins are less than Starbucks. Go protest Starbucks instead.
    Patriotism and Capitilism are two different things.

    Now that Exxon, Shell, and BP have no-bid contracts on Iraqi oil, has the true mission been accomplished?

    Is this what 4000+ brave souls were sacrificed for, no bid oil contracts?Now that Exxon, Shell, and BP have no-bid contracts on Iraqi oil, has the true mission been accomplished?
    I thought we were already cleaning out Iraq of oil.Now that Exxon, Shell, and BP have no-bid contracts on Iraqi oil, has the true mission been accomplished?
    Everything is just coming full circle.
    Government looks out for the monopolies it protects (encapsulates) with laws. The oil companies are a great example.
    No. The bad guys, who own Exxon, Shell, and BP, Little George and Obama, may have manipulated Congress and comrade Little George to spend billions in tax dollars to steal Iraq's oil for them, ie no bid contracts, but their greed is no where near over, accomplished. Obama will install the draft, build a massive Sunni alQueda communi$t army and invade Iran and Russia's Caspian Sea for the bad guys insatiable greed for oil and gas. The true mission is not accomplished. The bad guy mission is not over until every drop of oil is stolen for them in Iran and the Caspian Sea region. The true bad guy mission is not over until Obama puts the US under martial law and every Rolex, every gold filling is cut off every US citizen's arm and every US head with a gold filling in it is chopped off and the gold fillings removed and put in the bad guys coffers.
    We need the oil, bro. I think that GWB's war aim was to stop oil being produced in Iraq to enrich his friends in Texas and Cheney's in Wyoming. It is a great idea for Shell, etc. to get the oil out for us. What do you want to do? Pay more money to OPEC so that they can fund killings?
    The mission will be accomplished just as soon as we start off shore drilling. Which is one of the things they have wanted for a very long time.
    Yesiree....flight suits for all their CEOs!!
    I just watched CNN’s international Channel(3pm EST), breaking the news that oil price spikes again. But the anchor and the reporter assert it is China’s diesel demand contributed to the hike.





    Waited a sec ! It is already THIRD time I am hearing CNN’s assertion of China’s diesel demand. The first time was about two weeks ago. What’s going on?





    Then, Israel’s-Iran-attack-drill news flashing back-------Which Was Just Happened This Morning ! That “unmistakable signal” is surely an act to have a consequence of oil supply disruption ! Why is it not reported as a oil spiking cause ? !





    Time to scapegoat China again before a major offensive ? To verify, I went to CNN web site , there it is :





    China hikes fuel prices http://money.cnn.com/2008/06/20/news/int…





    China to raise energy prices


    http://money.cnn.com/2008/06/19/news/int…





    But nowhere saying that Israel’s-Iran-attack-drill will unstablize the oil supply region, causing the oil price up.





    For Israelis Iran Strike Drill see


    http://www.jpost.com/servlet/Satellite?c…
    Of course...Of Course. we knew this was the bottom line all along. What do you want to bet that W goes to work with one of these companies when he's out in November?





    and as horrible as it is about the 4000 troops..it's equally and maybe even more disturbing that 1.2 million Iraqi men WOMAN AND CHILDREN have also been sacrificed for the benefit of Fat White Oil men...





    Revolution!!!!!!!
    I don't understand your question.


    You listed oil companies... What is the issue? Should they NOT drill for OIL?





    I mean... If you were an oil company... and there were oil fields, what would you do?





    This is why you don't own a company, I guess...
    not until KBR gets a piece of the action
    Yes, NOW is the time for the banner.








    It is so DISGUSTING.
    Oh know, capitalism at work, how horrible. The oil companies have every right to move in and negotiate a deal with the Iraqi govt to drill, they were the ones that did before Saddam.
    Dems are in charge. Nancy must be corrupt.

    Oil is Up 85% Over the Past Year. Exxon is Up only 18%. Why does Hillary Think Exxon Got ';Super Rich';?

    Lots of stocks go up 20% some years.





    Did you hear Hillary or the Dems moan when those stocks went up?





    Microsoft had been up more than 50% over the past two years. Apple is up 150%. Citigroup was up 2500% since 1990. But, Clinton's Treasury Secretary Robert Rubin became Citigroup's Chairman.





    Why weren't Dems moaning about the outrageous profits/markups of their products?





    Bill Clinton had made an enormous sum of money off of firms that do oil/gas deals.Oil is Up 85% Over the Past Year. Exxon is Up only 18%. Why does Hillary Think Exxon Got ';Super Rich';?
    Face it. It's an easy sale to tell Americans that oil is up and the company that sells you your gasoline is ripping you off for a huge profit and it's all George Bush's fault. Just throw in hate for Bush, hate for big oil, blood for oil, war in Iraq, rich corporations...it's an easy way to wrap all these issues into to one big propaganda piece.Oil is Up 85% Over the Past Year. Exxon is Up only 18%. Why does Hillary Think Exxon Got ';Super Rich';?
    Now you are defending the oil companies? They have been making astronomical profits in recent years. Name one thing they and the republican administration have done to limit spikes at the gas pump. I don't care about Apple or Microsoft. Increases in the prices in microchips aren't going to result in higher prices at the grocery store. Gas and oil, on the other hand, have a ripple effect on the economy that you are ignoring. Instead you are willing to give the big oil a pass because a dem that you don't like says it's an issue that should be addressed. Get your priorities in order and focus on the good of the country and not your own partisan politics.
    May 29 2007: 5:42 AM EDT








    NEW YORK (Fortune) -- ExxonMobil's stock is up by 35 percent in the last year. The oil giant made $39.5 billion in profits in 2006, tops in the Fortune 500.





    So, the oil that was supposed to pay for the Iraq war isn't. But the oil corporations do just fine. If you think corporations should get you tax dollars (oil subsidies %26amp; benefits also called corporate welfare), guess you're on the right track. Otherwise, think again.
    the public is being fed a constant diet of bullshit by the politicians and the lib media.profit is not a dirty word! companies are not the gov. or non-profit entities.I would be surprised if the witch and the lib morons did not have oil stocks in their investment portfolios !class envy propaganda to keep the dummies divided so that the libs can grab more power and more of your $$$$ !
    i don't have to buy a computer,i DO have to buy gas or i won't be able to work and then you conservatives will gripe about having to pay my unemployment...with cons it's all ME...ME...ME... not US...US...US... as in the US of A
    ';Super rich'; is a term that Hillary uses to rile up her peons. She has cast the rich as being ';evil';.
    You're proscribing thought to Hitlery.





    Big mistake.
    This is easy PANDERING to voters who understand words like ';profit'; but don't understand ';return on investment'; or more sophisticated business concepts. Oil companies are vertically integrated, operating internationally, and their investments, R%26amp;D, and returns are spread out over decades.





    Voters buy gas every week so oil companies are an easy political target that Democrats don't have to explain. Just lynch them.


    Defending against it is almost IMPOSSIBLE when you have Democratic partisans like Green Dragon willing to believe it and spread the fallacy by asking what the oil companies and the GOP ';have done to limit spikes at the gas pump.';





    The answer is NOTHING. Because anybody who knows ANYTHING about the subject knows that there is virtually nothing that they can do.


    Democrats are not willing to accept this because they believe that the Government should wipe their noses. And it's a cheap and easy issue for dumb voters.





    The oil companies make about $.02 a gallon on gas. That has been steady for years. Their return on investment has been better than average in only four years out of the past 20.





    The so-called ';outrageous profits'; go to the working and middle class Americans who own 70% of oil company stocks through their union and regular pension funds, mutual funds, 401k's, IRAs, and small brokerage accounts.


    The oil companies are funding YOUR kid's college education and YOUR retirement.





    If the Democrats raise taxes on the oil companies, there is less money for your kid or you.


    If they dream up a Windfall Profits Feel-Good Tax or some other Screw The Oil Company Tax, there will be less money for you - and the price of gasoline will still GO UP, because petroleum is an internationally traded commodity that the US government can NOT do ANYTHING about.
    Jeff why would you defend a company that posted the single largest profits by any company ever for the last 6 straight quarters,,, and is now looking for an extra 18billion in corporate welfare (tax payer money) because they fell 6/10 of 1% short of their projection these last two quarters ??????





    can you get your head around the absurdity and audacity that that takes?????





    also Oil is traded in Dollars, the Dollar is now worth about 49% of what it was in 2001.. so has gas production and crude risen 85% ( that's not right either ) or has it actually gone up closer to 30% averaging in inflation and the dropping dollar ?


    I love you weekend economists? you don't have a clue beyond what your hate radio and TV personalities tell you..


    really, it's so ignorant.

    Did McCain pick Sarah Palin or did Exxon pick Sarah Palin because of the oils? McSame wanted Joe Lieberman?

    At other times, party members have also proposed that the state explore the possibility of joining Canada. Other members have expressed opposition to joining Canada in its present form but are open to the possibility of joining an independent Western Canadian state in the event one should be established. Neither of these scenarios form part of the party's current platform.Did McCain pick Sarah Palin or did Exxon pick Sarah Palin because of the oils? McSame wanted Joe Lieberman?
    McCain did not want Lieberman. I keep hearing this from libs so often. If Lieberman is so great, then why didn't Obama pick him?Did McCain pick Sarah Palin or did Exxon pick Sarah Palin because of the oils? McSame wanted Joe Lieberman?
    McCain not only wanted Lieberman But I think that after Palin resigns in the near future that McCain is going to get Lieberman
    Its quite obvious that McCane picked Palin. Its also quite obvious their was a very strong party influence on Obama to pick Biden. Biden doesn't represent anything Obama stands for.
    re: voice of liberty:





    mccain did want leiberman but he caved to the right wing of the party in picking a christian conservative. lieberman is hardly a democrat these days and democratic voters hate him. he is however a conservative who is also seen as ';middle ground'; somehow and that's why mccain wanted him. the two candidates have vastly different goals: lieberman would suit one and not the other.
    Maybe, big oil did seam to have bought McCain for sum greater than one million, but looking at it, I think the people who ran McCain's campaign are the ones that picked her... they simply said, this is how you can pick up the woman's, family values, and evangelical vote... McCain saw her picture, read her profile, and then made his decision...





    I just hope that people aren't simple enough to fall for such an easy trick.

    Why did Exxon have to be prodded into drilling for oil?

    Exxon Mobil says it has begun drilling at Alaska's Point Thomson oil and gas field.





    Patrick McGinn, a company spokesman, says drilling operations were launched Friday.





    In February, Exxon returned eight of its Point Thomson leases that were part of 13 added to the field in 2002. Exxon had promised to drill wells and begin producing oil within four years, but no drilling occurred.





    The state has been fighting with the Irving, Texas-based oil giant and other lease holders over the lack of progress there.





    Alaska officials have tried to cancel the leases, but in January it did allow Exxon to drill on two leases after the company said it would start production within five years.





    http://news.yahoo.com/s/ap/us_exxon_poin鈥?/a>





    Did everyone get that? The government was considering taking away the leases because Exxon has been sitting on this land for years.





    Sounds like the biggest foes of the idea of ';Drill here, drill now, pay less'; may not be the environmentalists, but Exxon and the other oil companies themselves.





    Why else would Exxon have to be prodded into drilling for oil? Why the wait?Why did Exxon have to be prodded into drilling for oil?
    Its called supply and demand oil supplies are up they can make more money when supplies go down there hoping Obama will be like Bush when they create a shortage he will do nothingWhy did Exxon have to be prodded into drilling for oil?
    Petroleum prices are way down. Demand is low. Most Alaskan oil goes to Japan and China, and right now they aren't buying much. Storing and refining is expensive. Exxon can make more money on oil from Indonesia, South America or the Persian Gulf than they can on American oil. What do they care about Alaska or the US?
  • lip plumper
  • Is anyone else glad than Big Oil has a new kid on the block...Sorry EXXON-MOBIL etc.?

    http://www.chinadaily.com.cn/china/2007-鈥?/a>





    PetroChina has a market cap of 1 trillion.





    For some reason Citgo (Petr贸leos de Venezuela) always has the best price at the pump and maybe if PetroChina had stations prices would be more ';competitive';.





    Also, I Support all American Companies (Ford Motor, Microsoft, Boeing, HP etc.), except Big Oil.Is anyone else glad than Big Oil has a new kid on the block...Sorry EXXON-MOBIL etc.?
    finally, oil companies will have to compete against cheap comunist labor. wonder what all the Exxon bootlickers will say when exxon starts getting their bruhas kicked by commies.


    think they will still say it is free trade??Is anyone else glad than Big Oil has a new kid on the block...Sorry EXXON-MOBIL etc.?
    Why is this a good thing? Geesuz, rooting for a trillion dollar oil corporation? That's what we need another oil corporation to help promote more pollution in China. As if they didn't have enough air pollution already. Did you know that the burning of fossil fuels ( including the burning of coal) in China is greatly effecting our own air quality in the U.S? I think the idea is to get off oil and stop depending on oil for our energy source. That would be the wiser answer. I support companies that are willing to take risks and be the forefront of new technologies that don't burn fuel at all. Battery power is the way of the future and there are many small companies (not corporations) that are making great ground into this field.
    I support the ones that are looking at renewable energy. Companies that offer E-85 is a great way to help out.
    I wounder how long after ethenol gains popularity, til people start complaining about haveing to replace their oil tanks due to it corosive propertys. As for ';Big Oil';, (A leftist term that has gained popuylaritry.) I am quit satisfyed with the product that they provide. After all it gets me from A-B and back to A again. It provides electricity to light my home and #2 fule (Purple(Road Tax-exampt) desile) to heat my home. I am not happy paying the high prices at the moment but its not as bad as my doctors bill. (Now thats a rip off.) Now taxation thats another one. Gas is at $2.79 or so a galon, but I get a gallon of gas. When the government taxes me its like $6.00 per ............, well I don't accually get anything in reture becuase my road taxes are payed for in tolls and in exise taxes, and I gave the Army 3 years so I feel that I have done my part. The point is why do we demonize companys that provide a needed (We all use oil.) product or service and not not critasize our government robbing us and giving us nothing in reture. If you hate oil companys don't buy from them. I hate public education so I don't send my kids to their indoctorination schools, even thought I still have to foot the bill. You seem a bit hypacritical to me. The fact is (Look into the science behind every thing we use in our socity.) No oil-no modern America everything runs on it. So its dirty, lets try to improve it. Invest your money in other technologys and if they work you'll be rewarded. Lg. corparations are need becuase most Americans are too scared or lazy to work for them selfs. So instead we do nothing and complain about those that are doing somthing.
    I don't see any reason to be glad about Communist China taking over the #1 spot from Exxon-Mobil. You do realize who controls PetroChina don't you??
    You support Boeing? When is the last time you bought a 767?
    i already paid Exxon today
    Wait.... If Exxon had a $1 trillion 'cap', you'd be all foamy and venomous right now. What gives?
    Well just remember that when you are getting your gas at CITGO your giving money to Hugo Chavez, a dictator who hates American is helping Iran.





    The answer is to drill for our own oil so we don't depend on other countries.





    http://myamericantoday.blogspot.com/
    All gas stations get their gas from different places. In the city where I'm living, all stations get their gas from a company called Ashland Oil. Citgo, Marathon, Exxon, and all the rest get their gas from this company but they all have different prices. If you think they get their gas from their own company you're only fooling yourself. Ashland Oil is the only plant within a few hundred miles so of course they are going to get their gas from them.

    Isn't Obama's plan to keep CO2 legal just like if Exxon said ';we'll only spill 90% of our oil instead of 100%';?

    Uh huh, and keeping burritos legal is wrong also.... And so is exercising since that creates more co2 than necessary.


    :-)





    Cap on CO2 will create the ';California effect'; where businesses move to other areas ( states and countries )where the laws do not exist. China, Mexico, and other ';developing countries'; don't have to follow CO2 limits even though they signed the Kyoto Treaty.Isn't Obama's plan to keep CO2 legal just like if Exxon said ';we'll only spill 90% of our oil instead of 100%';?
    That depends. I don't know the expected reduction. Exxon's oil spill wasn't a normal part of their business practice. Manufacturing creates CO2 on a regular and ongoing basis. Reducing it a small amount would have a much greater affect over time, than a small reduction on a once a decade event.

    Oil was up $4/Barrel Today. Why were Exxon, Conoco & Chevron Almost Flat Today?

    Don't Hillary and the Dems say that people who own those stocks are getting rich?











    http://finance.yahoo.com/q/cq?d=v1%26amp;s=oil鈥?/a>


    http://www.marketwatch.com/Oil was up $4/Barrel Today. Why were Exxon, Conoco %26amp; Chevron Almost Flat Today?
    hahahahahahaha, I can see 'dense' is making a comeback.Oil was up $4/Barrel Today. Why were Exxon, Conoco %26amp; Chevron Almost Flat Today?
    booo ya my relatives on the board of chevron woot woot
    I have a methane engine.





    ... it get's crappy milage though.
    No!
    Those stocks have peaked until oil goes over $175 (IF it goes over $175).

    Are oil prices dropping in direct proportion to EXXON's fear that Obama will win?

    Ending the war = $70 a barrel oil.





    And why is oil dropping? I thought China was buying it all???? Did they stop? Are American's driving less? NO!!! As the price drops THEY ARE DRIVING MORE!!!!!!!!1





    ARREST EXXON for PRICE MANIPULATION!!!!!Are oil prices dropping in direct proportion to EXXON's fear that Obama will win?
    Same thing happened in 2006. It's an election year, someone starts to pull the right strings regardless of hurricanes, wars or supply and demand. If Gustov and the takeover of parts of Georgia by Russia had taken place a year ago instead of this year, oil would now be over $200 a barrel and gas would be over $5 a galAre oil prices dropping in direct proportion to EXXON's fear that Obama will win?
    The price per gallon objective has been $3,00. Programming the run up to $4.00 has consumers happy to accept $3.00 per gallon. Relative perception is interesting.





    In reality the only change in petroleum refining and distribution over the past forty years is the opportunity for profit objectives. Technology facilitates the manipulation of profit models.





    Mainstream America has learned a valuable lesson. People have adjusted to functioning with less petroleum. Now the petroleum interests will learn how well Mainstream America has applied the lesson.
    it's the speculators... they are wonky... they hear a voice in their head that says Iran is attacking Iraq and the price jumps 30 percent... with virtually no supply or demand change...





    supply nor demand have changed enough to explain recent price drops, just as no demand changes explained nearly a tripling of price before...
    Because people like me are driving mopeds and driving the van a lot less. Also the new drilling in anwar expected. This is war on the oil rich countries that are soaking up our money to back terrorist and dictatorship. The war is already ending because we accomplished objectives.
    The hurricane didn't hurt the oil rigs, that's why it was down today. Demand has been dropping, mostly because people are driving less and getting rid of big trucks and SUVs. There is nothing political about that, and it isn't a conspiracy like you are suggesting.
    Nope, just the opposite effect, McCain calling for drilling immediately the price started drilling, also when Pres. Bush lifted the ban.
    Demand is down. Even ABC News knows that, and they were cheering it's rise.

    Why hasn't Obama forced Exxon to drill those vast quantities of oil on leases Dems say weren't being drilled?

    Weren't Dems saying there is a whole bunch of oil that we're just not drilling for on existing leases and they were going to force Exxon to give up those leases if they didn't drill soon?





    Shouldn't we be a lot less dependent upon foreign oil because of the vast amount of oil that Dems say they know is on existing undrilled leases?Why hasn't Obama forced Exxon to drill those vast quantities of oil on leases Dems say weren't being drilled?
    Because B.O. is a LIAR!


    If the leases were capable of producing oil wouldn't Exxon have exploited them?


    Capitalism works if the government will just get the hell out of the way.Why hasn't Obama forced Exxon to drill those vast quantities of oil on leases Dems say weren't being drilled?
    So now you want government intrusion into business decisions? Sounds a little Socialist to me. I thought you people were against that.
    Price of oil went down, so did the desire for Exxon to drill.


    Lets hope they are forced to surrender those rights, then next time we can sell them to someone who will drill, or at least pay for the rights in real cost.
    LOL Exxon would laugh at Obama,they see what kind of goof he is.That's why on nov.5th exxon stopped all expansions as well as shell and laid off all nonessential people and contractors.
    Bigger fish to fry right now... They'll get to Exxon later
    Kind of odd how they all claimed we must rid ourselves of dependency on foreign oil, but the only way to do that is with domestic oil which they won't allow to be produced. Makes one wonder why they do not want America to be energy independent. ';Charles'; above is correct.





    http://search.yahoo.com/search?p=Gull+Is鈥?/a>





    Whats even funnier is Al Gore, when V.P., engineered the sale of the Elk Hills Naval Oil Reserves to Occidental Petroleum of which he sat on the Board and his family holds vast amounts of stock in. This sale increased the value of that stock immensely.





    http://search.yahoo.com/search?p=Al+Gore鈥?/a>
    they want you to drive a high efficiency car .it, have their money in stocks for overseas .you should see the city's and we've built on in the desert .that money could be here they don't care what we want is what they can put their pocket .
    There isn't much oil in places where oil companies hold leases but haven't drilled. Otherwise, they would drill.
    Alaska has a lot of capped wells that remain capped in order to keep supply down,therefore the price high. This from an oil man several years ago.


    Unfortunately Obama doesn't have that power. Right now with oil relatively lower, the main thrust is the economy. I'm sure he may try to address energy issues later. First we need to get out of this hole we are in before the sides cave in.
    They sir are a bunch of hypocrates, or haven't you found that out as yet. YES WE SHOULD BE DRILLING ON OUR OWN SOILS AND OCEANBEDS. You should also research about these drilling leases. Just because the oil companies have leased this area(s) does not mean there is oil there.
    Are you suggesting that Obama take over Exxon?





    That would be pretty cool.
    Exxon has done Geophysical exploration on those leases and determined there is no oil there. Why in the world would they drill? Apparently the Democrats don't understand how the business works. We are more dependent on foreign oil than ever largely because the Democrats have made it difficult to drill on U.S. soil. There is more than enough oil in Alaska to keep us going for the next 40 years. The dems complaint about not drilling on existing leases was for political purposes for ignorant liberals.

    Exxon valdez oil spill?

    do you think prince william sound is still influenced by the effects now 18 yrs laterExxon valdez oil spill?
    The Alaskan coastal ecosystem has experienced an unexpected persistence of toxic subsurface oil and chronic exposures, even at sublethal levels, that continue to affect wildlife. Delayed population reductions and cascades of indirect effects postponed recovery. The development of ecosystem-based toxicology is required to understand and ultimately predict chronic, delayed, and indirect long-term risks and impacts.





    Fish, sea otters and sea ducks are among the visible species still reeling from the impacts of this disaster.Exxon valdez oil spill?
    The oil might have disappeared from sight, but its still a toxic substance to most forms of life, and its still there hiding.
    yes
    Well, there's been so many other oil spills since then, not good at all hey. How about AL GORE then? got the Nobel peace award for making people aware of climate changes and global warming. So what do you think of that my friend?. love Jo xx
    You are a joker M. Anyway i do think it is. So yessss!!!
    Go to http://www.ask.com. Type in your question and see what comes up. Much better than google.
  • lip plumper
  • Does exxon mobil have to pay any taxes on offshore and oversea projects? What about the oil they ship to USA?

    Or is the free trade agreement in affect for them? Was it put into affect for EXXON MOBIL?Does exxon mobil have to pay any taxes on offshore and oversea projects? What about the oil they ship to USA?
    Do what Exxon pay taxes


    .


    I thought that a company had to be American to pay taxes


    .


    They only have offices in America America don't make any thing anymore


    .


    It either comes from China some Asian country or


    .


    A country called


    .


    OPEC


    .Does exxon mobil have to pay any taxes on offshore and oversea projects? What about the oil they ship to USA?
    ExxonMobil pays taxes on everything. Anything that is offshore in US waters is taxed as a royalty for being allowed by the government to drill there. Projects overseas are taxed by the host government in the form of a royalty. The US government taxes everything that ExxonMobil does since it is an American company. The government imposes a corporate windfall tax of 60% on all of the company's profits. It funny that Exxon only makes a 10% profit on what they invest, but over half of it goes to the government since they claim ExxonMobil makes ';windfall profits'; aka too much money. ExxonMobil pays more taxes than some states.
    Exxon pays huge taxes all over the world. They pay about 60% tax to the state of Alaska not including 100s of millions in leasing land. Exxon keeps making record profits despite these very high taxes because of the volume of oil they sell. Usually they make about a 10% profit which is very modest in the world of business it's just they are the biggest and sell more than anyone else so they make a lot of money. But they spend a lot on environmental issues, government regulations, permits, leasing, production, engineering, development and exploration.
    Yes to offshore and overseas projects.





    No to oil imported into the US, atleast not directly.





    They do pay tax's when they refine that oil into gasoline.





    Exxon paid over 35 billion in Corporate tax's last year.





    The record for the most tax's ever paid by any corporation.

    Oil Price is up 50% in Past 6 Months. Exxon Stock is Down 5%. Can Pelosi Explain This?

    Didn't Pelosi say that doubling oil prices makes oil companies rich? Why did the shareholders of Exxon losing money over the past 6 months while oil prices doubled?





    http://finance.yahoo.com/q/bc?s=OIL%26amp;t=6m鈥?/a>Oil Price is up 50% in Past 6 Months. Exxon Stock is Down 5%. Can Pelosi Explain This?
    Pelosi is probably pleased that their plan is working. Ridiculous environmental regulations that prevent new refineries or even expanding old ones. The system is breaking and the democrats are only stepping on top of it.





    Now in california they want the oil companies to have to buy carbon ';credits';. WTF? Until we find a solution to replace oil with it is all we got! The economy doesn't run on wheat grass and chai tea. It is like burning down the house you live in because you want to move, but haven't found a new one yet.Oil Price is up 50% in Past 6 Months. Exxon Stock is Down 5%. Can Pelosi Explain This?
    I am appauled that you would make a remark about the honorable Nancy Pelosi! She does a darn good job! I am a strong democrat and I think she does an incredible job! She doesn't pick sides all the time...she may be democrat but she listens to the repulicans and everyone else...just because oil went up 50% and Exxon's stock went down doesn't mean that Pelosi is responsible! Nor is is Presiden Bush's even though he is an awful president...its the consumers to blame!
    Stock is down, not profits. Big difference. I'm sorry they couldn't get the same profits as the previous quarter which was the most profitable company in world history. Sad when $10.9 BILLION in PROFITS is a disappointment, huh?





    Many economists say the stock market will lose about 25% in the next 6months. And if the speculation market isn't regulated, the little raw goods bubble -- oil being the main one is forecasted to last for a couple more years before it busts.





    But, let's look at it another way. OPEC increased oil supply last week and the price WENT UP. So doesn't that contradict your entire arguement that increasing production will lower the cost? Sure looks like it.





    Sorry, oil/gas is up because the US dollar is worth half it's trading value when Bush came into office. The speculation market accounts for 25-45% of the current cost, and LASTLY supply is of some concern, but not nearly as much as the first two I just mentioned.
    People are idiots. I remember watching on cspan the oil execs talking to the senators, and thinking, why the hell didn't we elect these guys. To the guy saying the execs make 100s of millions of dollars, can you back that up? On the public companies, you can just go to their websites and check their total compensation pakages. Compare it to your favorite team's QB, and let me know who makes more.
    It's called commodity speculation. Since the last speculative market (the housing market) collapsed, speculators have moved into oil and are now driving up prices there.





    Since you conservatives are all about letting the market do whatever it wants, you should be happy about this.





    And trust me, the Oil company executives are still making their hundreds of millions each year.
    Profits are not a definition of how well a company is doing, nor is the stock.


    If I had a company that I was the president of, and I was set to make 100k profit at the end of the year, I would raise my salary by 100k....NO PROFIT...is my company failing?


    NOPE
    because the oil companies have to lower their profit because of pressure from the government and consumer and they lose more money because it is getting harder and harder to drill and extract the oil so in return the stocks go down.
    When did Pelosi become the prezident?


    You got a problem with the price of oil why not ask the prezident he is the ';Decider'; not Pelosi.
    They posted the biggest all-time profit in corporate history, 17% higher than last year. $40 billion profit.





    I'd say that is pretty rich.
    are you honestly trying to defend the oil companys? attacking Pelosi for some comment she made.really,sell your PC and go away.
    hey Marc that was the most brillant simple answer to a complex question I have seen yet thanks for the belly laugh and your wit it was much needed in these days and times
    She can't even explain the price of tuna fish, and she owns a fleet of tuna boats.
    So what dollar is half in last 7 years . people are running away from dollar.
    She hopes we wont notice.





    This is one of the Dem selling points.

    Will you boycott Exxon Mobile because that is where Bush is making his money by allowing oil to go up.?

    Great question... for a THREE YEAR OLD!!!! Oil has gone up more in the 1 1/2 years since the dems took over congress than during the 6 previous years that the GOP controlled the whole thing... Oil is a GLOBALLY TRADED COMMODITY... Bush doesn't control that. If our gov't could fix the prices then why haven't your dems done it yet... they control the legislation? The part I hold Bush responsible for was not pushing through more drilling during the years the GOP controlled congress... he made the mistake of pandering to the left on that one!





    For all the Bush haters... you can't have it both ways... he can't be both a bumbling idiot and the evil genius who masterminded everything from the price of oil to 911.Will you boycott Exxon Mobile because that is where Bush is making his money by allowing oil to go up.?
    There is an E-Mail going around that is trying to do just this. It claims that Exxon Mobil being the largest oil company in the country controls the price we pay at the pump. It then suggests that if the majority of American stopped buying gas at these stations that it Willl send a shock to Exxon Mobil and they wil be forced to lower prices. Will this work? who knows, but I am willing to try.Will you boycott Exxon Mobile because that is where Bush is making his money by allowing oil to go up.?
    ';Allowing'; oil to go up? How exactly do you believe the President is capable of making the price of a commodity which is openly traded go either up OR down? Please take Econ 101.
    No. I am making money off the oil companies too.


    It's called owning stock.


    Look at their prospectus...they make money so they can give it to the owners.
    Who says he owns Exxon Mobil? And, my answer is ';no'; regardless of whether he owns any of the stock.
    your question fits your screen name..........he has nothing to do with the price of oil.........where do some of you people get your education
    Bush makes like 200,000 a year for being president. Why would he need Exxon Mobile?
    Even if your rant was true, (clearly it isn't). Boycott like that don't work. Grow up.
    You mean you're not still boycotting them over the Exxon-Valdiz?
    Are you a Ron Paul supporter by any chance?
    bush does not control oil prices !!!!!!!!!!!!!!!!!!!!
    yes add me to the boycott
    i never buy there
    really? you know this for a fact? proof?
    I'd love to see the proof of this if you have it.
    You bet.

    Are oil prices the only thing to watch when deciding to invest in Exxon, BP etc...?

    If you want to keep thing simplistic this is probably the most important thing to watch.


    Really I would watch oil futures about a year out which will give you an view into the expected oil prices in the future since any current prices are already factored into the price and what is important is what is expected to happen in the future. You of course may have a different opinion of the future price which is really what you are betting on. If you think prices will be higher than the general concesus and you have confidence in you belief then you would probably want to buy, if you think the price will be lower you may want to sell.Are oil prices the only thing to watch when deciding to invest in Exxon, BP etc...?
    While the price of oil is of great importance you should also consider the global market as far as production and storage; what other countries that we deal with are doing with their oil and oil reserves. Many different factors, from political influence to weather play parts in the global oil market and should be considered as well. You may also want to investigate the financial well-being of the company you eventually choose to buy.Are oil prices the only thing to watch when deciding to invest in Exxon, BP etc...?
    Yes ... and I don't care what anybody tells you, you only trade oil stocks based on the direction of the futures markets (oil prices) and only in the short term - it is as simple as that.





    uh ... 'cause how are oil companies going to make money if oil prices are low? Were you around in the 70's and 80's?
    No. There are a tremendous number of factors involved that very few truly understand. Don't play oil stocks for short-term gains. Buy an energy fund(ETF) as a long-term investment.
    No you are silly

    How screwed are we now. Exxon has now pulled out of Venezuela's oil fields, refusing to meet their demands....

    good for Exxon !!tell Chavez were to stick his oil,,,How screwed are we now. Exxon has now pulled out of Venezuela's oil fields, refusing to meet their demands....
    look at the gas prices now and if it gets any worst then worry


    I'm lucky right now, i only haft to pay a little over 2.93 per gal. and that's a little high but if it gets over 4 $ I'm walking to work or riding my bike.


    now think about this, OK, if a lot of people would stop buying gas and started getting to work some other way and no one for one week didn't buy gas, the prices of gas would fall so fast it would hurt us so good.


    think about that.


    if no one would buy gas for one week what do you think would really happen to the gas prices/


    LATER DUDEHow screwed are we now. Exxon has now pulled out of Venezuela's oil fields, refusing to meet their demands....
    way to go exxon.
    I told you two month ago, look for $5 GAS THIS SUMMER.

    Hillary Says Oil Cos. are Getting Rich. Why is Exxon Up Only 15% in Past Yr. & Sun Oil Down 35%?

    The price of oil is up about 80% in the past year.





    But, Exxon is up a bit but Sunoco is down a lot.





    I bet Hillary and the Dems think the oil companies are all up about 500%.





    http://finance.yahoo.com/q/bc?t=1y%26amp;s=OIL%26amp;l=off%26amp;z=m%26amp;q=l%26amp;c=xom%2CsunHillary Says Oil Cos. are Getting Rich. Why is Exxon Up Only 15% in Past Yr. %26amp; Sun Oil Down 35%?
    So, who owns the oil companies? Last time I checked it was pension funds, private investors, mutual funds, etc. In other words, a lot of ';the little people'; who are invested for their retirement. Hillary is confused because





    ';On October 11, 1978, Hillary, a neophyte investor with an annual income of $25,000, opened a commodity-futures account with a deposit of $1,000. Her first trade was the short sale of ten live-cattle contracts at a price of 57.55 cents a pound: a commitment to deliver in December of that year 400,000 pounds of cattle with a market value of $230,200. One day later, she bought the contracts back at a price of 56.10 cents, just 0.15 cent above the low of the day, pocketing $5,300 for a return of 530 per cent.





    Mrs. Clinton continued to be a net winner at the game. By the time she closed her trading account ten months later, she had racked up $99,541 in profits, a spectacular 10,000 per cent return on her initial investment of $1,000. Either Mrs. Clinton was a better trader than the legendary George Soros, whose best-ever annual return in thirty years of trading was 122 per cent, or she was led by an invisible hand.';





    Guess she thinks they all do it like she did.Hillary Says Oil Cos. are Getting Rich. Why is Exxon Up Only 15% in Past Yr. %26amp; Sun Oil Down 35%?
    First off, 20% (XOM) is hardly ';a bit'; Thats a pretty good damn return on an investment like that. Its not like a penny stock, its a very stable company.





    With all due respect, pull up the two year graph(linked below) and watch XOM's profits along with the price of crude.....its pretty eye-opening.





    Now look at just sunoco's (linked below)





    Then look at both (linked below)





    Besides, Exxon and Shell are consistently rated as two of the top 10 corporations (profit wise) annually. Been that way for awhile.





    Even Shell took a hit over the last year from higher oil prices...it seems Exxon is the one of the only companies to continue market, profit and shareholder growth during this last year. (linked) They must have great executive leadership or greater market control...its at least one or the other (usually both)





    --------------------------------------鈥?br>

    This is why the price of crude directly relates to amount of money these guys make:





    If the cost increases by 10% for exxon, they raise their prices factoring in the cost by 10% + their desired profit margin (we'll go with 20% for easy numbers). So if it was $50 last year, and its $55 this year (10% increase). Exxon is operating on the assumption of $50 + $5 (increase) + $11 (profit margin).





    In effect, they now ';make'; $11 per barrel rather than $10 per barrel. They are spending $55 per barrel rather than $50 though....same thing applies with taxation....when ever there is a cost increase they will add their profit margin to that increase. Its how stock-based companies (and most companies in general) operate. They have to or it will look like stagnated growth. In smaller companies you have to do this or your doors will close quickly.





    Essentially what happens is that they make MORE money in terms of actual dollars while still making the SAME money in terms of margins.





    So, the more the cost of crude increases, the more actual money in dollars oil companies make. If the price of crude goes down, the actual dollars made decrease....but margins stay the same (theoretically).


    --------------------------------------鈥?br>

    Why is this a problem? Because when their cost goes up, so does mine....but I don't get to go back and charge my boss 20% more (MY profit margin). I have to cut costs. Other businesses have to do this too.....but oil is exempt from that because we all NEED oil to get by in today's world.....





    They can realistically price themselves to absurdity and we would pretty much be left without much recourse.....of course those of us without bicycles. I love living within 5-7 miles of work....on cooler mornings I ride my bike to work.
    Exxon up a bit?? Whaaaa?? They continue to post record profits every quarter for any company in the world - ever. In 2007, ExxonMobil's profit...their net income was $40.6 billion! 40 BILLION dollars of PROFIT. That's a record. They also set a record in 2006 when they made 39.5 billion in profit.





    From US News and World Report (Feb 1, 2008):





    ';Exxon beat its own one-year-old record for the biggest corporate profits ever by 3 percent. Put together with the announcement by the No. 2 U.S. oil company, Chevron, of an $18.7 billion year, up 9 percent over 2006, plus the earlier results of Shell and ConocoPhillips, and that's more than $100 billion in profits from four companies. It's all thanks to the historic 35 percent climb in worldwide crude oil prices in the second half of 2007, ending the first week of this year when oil briefly touched $100 per barrel.





    If Exxon Mobil were a country, its 2007 profit would exceed the gross domestic product of nearly two thirds of the 183 nations in the World Bank's economic rankings. It would be right in there behind the likes of Angola and Qatar...';





    If you don't see a connection between record profits and high gas prices, I don't know what to tell you.
    Just Hillary says? You must have missed the fact that Big Oil had to answer to Congress as to why they have had their biggest profits ever while we are paying almost $4 at the pump.





    Five Major Oil CEOs Asked to Testify Before Congress





    ';The American people deserve answers from Big Oil,'; Markey said in a statement cited by Dow Jones. ';The top 5 oil companies made record profits last year, and yet are continuing to hold onto tax breaks that could be used to advance the clean fuels of the future. Americans are not going to find the answers at the bottom of a gas tank, so we will seek to bring the CEOs of these companies to Congress and to the American people.';





    http://www.csnews.com/csn/news/article_d鈥?/a>
    Why even bother?





    You know that every single politician--regardless of who their husband is or how purdy they talk are the same thing--thieves. If someone started a campaign and got enough Americans behind it to say ';applesauce is killing our economy';, they'd both be on Big Apple's back immediately, as long as it got them an extra vote.





    That being said, you're not going to sway the general public either, because all they see is big numbers. $10,000,000,000 sure is a lot of money, but when you're required to put out $200,000,000,000 to make it, it sure doesn't seem as great anymore, does it? No one wants to bother to look at margins versus expenditures, because that would just take time and common sense (ahem...adjustable rate mortgages and their time frame *cough* LAZY PEOPLE *cough* caused the housing collapse, ahem). Why bother doing that when some talking head can sit up in front of a podium, stroke your ego and lie to you about how much money they're going to give you? Why bother doing that when it's so much easier to hate on a big money company from your recliner?
    You are doing some data mining with SUN, and wityh the time frame you are choosing.. Check out every other oil company for the past 2 years and you will see about a 100% increase in stock value in everything but SUN. 2007 was a lousy year for stocks in general. 15% growth is impressive for 2007.
    Last year I read that the oil companies had record profits. In terms of billions of dollars, in fact. Perhaps Sunoco had a worse year this year, or some internal problem. Why criticize Hillary? They are making huge profits now. The stock market goes up and down all the time.
    just how much do you think is a fair profit?


    they are making billions ever quarter and their top dogs are receiving millions a year and in some cases tens of millions


    while the country sink into a recession because the energy cost are depressing the economy
    Hillary is an idiot who is pandering to the masses.She and the Dems are starting a class war and don't care about the truth or what damage they are doing to America.
    I have no faith in what the oil companies say in there PR releases. Remember the CEO's of the tobacco companies were not truthful to Congress.
    Hillary has no idea of what she speaks. The price is set by the market (world wide I might add), and supply and demand. The sales we have been seeing in the market have NOT YET HIT OUR POCKETBOOK.
    Because the stock market is a fantasy role playing game
    Up 15%? Up from the OBSCENE PROFITS of last year? My heart bleeds for them.
  • lip plumper
  • 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





    .
    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.

    Friday, July 23, 2010

    Exxon/Mobil, Chevron, BP, Shell and some French oil company have received no bid contracts to access Iraq's...

    oil fields. I think it will be officially announced at the end of the month.





    Mission finally accomplished???





    For anyone who hasn't heard this news and doesn't believe it, don't make yourself appear foolish before you investigate if it's true or not.Exxon/Mobil, Chevron, BP, Shell and some French oil company have received no bid contracts to access Iraq's...
    The republican party has been hijacked by Bush and Cheney and is now officially the ';Oil and Gas Party';.





    And the fiscally responsible republicans are just sitting there and letting them get away with it.Exxon/Mobil, Chevron, BP, Shell and some French oil company have received no bid contracts to access Iraq's...
    and from what I have read this agreement was made between the oil companies and the ELECTED government of Iraq. Neither the President or the Republican party had a thing to do with it. Aren't you happy, it means all the oil stock owned by wealthy democrats will increase in value.
    French company is Total :)





    Of course mission is completely accomplished.





    WMDs? Bullshit.


    Iraq behind 9/11? Bullshit.


    Saddam a bad man? Maybe, but so is Robert Mugabe.


    Iraq has huge oil reserves? Bingo!
    I will call the whole dirty business a success when the price of gas is back to its original before Iraq was attacked. If this is termed a success then you shove it up their behinds so that they can wallow in it.
    Good thing they didn't do that when oil was 30 dollars a barrel, gas would be too cheep and proffits too low..


    Now that its near 150, its time to pump.
    Yes, this is the final piece of the jigsaw puzzle. Every one of those oil CEOs should be given a flight suit.





    Makes me ill.......
    anser 1 is the anser
    The plan to partition the oil fields was in place before we put one foot in Iraq
    I think your avatar speaks for its self.
    That was why we went into Iraq. Bush is a criminal.

    Why do Dems Force us to Outsource Oil Production? Will Hillary be Happy if she Taxes Exxon into Closing Down?

    Then we could be 100 % dependent on OPEC, Venezuela, etc.Why do Dems Force us to Outsource Oil Production? Will Hillary be Happy if she Taxes Exxon into Closing Down?
    in order to protect the environment since they're all a bunch of NIMBYs (not in my back yard), hence why there's been no new refineries or nuclear power plants built in the last 30 years.





    if hillary can get a cut from closing Exxon down, she'd probably be happy %26amp; so would Algore.Why do Dems Force us to Outsource Oil Production? Will Hillary be Happy if she Taxes Exxon into Closing Down?
    Oh, the Dems have been in charge of this country for the past 30 years? I didn't realize? It's not about the Dems. Its about the fact that we don't have the natural resources to compete on the world market. It also doesn't make sense to invest billions of dollars AND several years in increase domestic oil production. We should make the investment in a longterm solution to our energy needs... Oil is not it. We need to move to cleaner, renewable energy sources. We also need to become more conservation conscious.








    Obama 2008
    Why would Dems force us to outsource?





    Tax the crap out of Exxon. Any time a company is making BILLIONS in profits every quarter then we need to look at them. At my local gas station I have seen prices jump 11 cents in 3 days. 80 cents in less than a year. What if the post office all of a sudden says hey...our stamps are going from 40 cents to 1.20 next week and 2.50 by the end of the year.... Wouldn't you question why? Anyone who does any amount of mailing would question it.


    Bottom line is they are gouging us to get that extra proffit.
    Sorry but the Repubs held Congress, Senate and White House for 6 years with an oilman in the WH and did nothing. So you can blame Dems all you want but the country knows better. But what can you expect from Repubs? Certainly not accountability or responsibility.
    Our Politicians just need to go BACK TO SCHOOL, since they seem to blame everyone and everything with the exception of THEMSELVES. VOTE THESE SCUMBAGS OUT. Our Politicians are the ones who put the block on drilling way back when. How stupid do they think we citizens are???? The problem is supply and demand, period!!! Until we can drill on our own lands, seabeds, coal to oil, etc., NOTHING IS GOING TO IMPROVE. My Gosh foreign countries are ALREADY slant drilling into OUR SEA BEDS off the coast of Florida. I say SHAME ON OUR CONGRESS and OTHERS!!!!





    Just a note, we actually NEED our own oil ............UNTIL all the alternatives are up, running, and available to the public (this is going to take a whole lot of years folks). It will NOT happen tomorrow or the next day.





    Many items in our consumer driven world are based on oil..........besides just power for your cars or heat, etc. Packaging is made from oil, a WHOLE LOT has to do with oil. WAKE UP would ya.
    I notice that Republicans seem to be very eager to defend the oil companies versus the interests of the American people. Where are the proposals from the Republicans on our behalf other than ruining our environment for no guarantee of affordable oil?
    Actually the Florida and California governors who refuse to allow drilling off their shores are both Republicans.
    IN the end, they know better. If they do that, people will know who and what they are and they can't afford this with the current election coming up. They wouldn't dare but they could try.. lol
    Okay. Let's simply continue to tear up the good Earth for domestic oil exploration, natural gas exploration, coal and minerals. Let's rip into this planet until our rape, pillaging and plundering of the land manages to suck every drop of OIL out of it.


    Let's disrupt the caribou migration patterns so that we can tap into a relatively small amount of OIL in the pristine Alaskan tundra. Let's not give a hoot in Hell about those remote Eskimo tribes, polar bears or frozen wonderlands that are so necessary to our very survival.


    Let's all join the Partnership for America's Energy Security to encourage our elected officials to allow more drilling for domestic OIL (as if that's going to solve our energy crisis).





    All that makes much more sense than trying to generate more alternative energy plans. Why should WE have to give up our gas-guzzling SUVs and Hummers just because the world's running out of OIL? And what happens once WE have squandered all of our own resources (as well as the rest of the world's)? Why should WE have to become more dependent on mass transit, drive more fuel-efficient vehicles, bicycle or even (God forbid!) WALK to work?? Why should we be expected to conserve energy just because the rest of the world is also relying more and more on more and more energy?





    Why don't we start more unconstitutional, illegal, immoral 'wars' against those Middle East countries - and why is OUR oil buried underneath their SANDS??





    The solution is NOT drilling for more OIL. The solutions lie in our ability to become less dependent on OIL.





    Whether you believe in ';God';, or an ';intelligent designer'; or Mother Nature or an evolutionary ';big bang'; theory, you must also accept that every other plant and animal on this Earth was placed here for a purpose. Caribou, tse tse flies, poisonous little frogs in the Amazon Basin, mangrove forests, polar bears, insects, oceans, forests, snakes, remote Eskimo tribes, mountains, Venus fly traps, trees, rain forests, flood plains, wetlands, honey bees, swamps and rain forests were all put on this Earth for a reason. It is not man's 'right' to destroy all of that just so he can drive big fancy cars or eat sushi in five-star restaurants.





    We were given dominion over all other plants and animals on Earth. That doesn't mean we were given the authority to decimate the planet, rape it of all its resources, and kill off all its lesser inhabitants - all in the name of profit and comfort.





    Domestic OIL exploration is only a temporary solution to our energy crisis - and one that will certainly result in the further destruction of our planet. If we don't start looking out for the Earth, the Earth will soon stop looking out for us. And we, then, will be doomed as a species. -RKO- 05/23/08

    The high price of oil and the extreme profit Exxon Mobil made in 2007?

    I know there has to be a simple answer here and I missing something... 2007 was the highest gas prices we have ever seen because of the high price of oil right?.. So how in the hell does Exxon Mobil in 2007 report the biggest annual profit on record. Doesn't make any sense to me. They raise the price of gas because the price of oil goes up. Where is this extreme profit being made. Its like the 3rd year in a row this has happened!! I mean come on, 40 billion!!The high price of oil and the extreme profit Exxon Mobil made in 2007?
    The large amount of profit was derived from several reason. The main reason is because of the increase of crude oil price, which has peaked to about $100 per barrel last year. Imagine if one oil well produce 100,000 barrel per day. Exxonmobil is the world largest crude oil producer, and has thousands of oil well all over the world, no wonder they can earn that much.The high price of oil and the extreme profit Exxon Mobil made in 2007?
    There are TWO (2) gas companies our motorcycle club refuse to use Exxon and Citco. Both buy their oil real cheap and sell at huge profits.
    Exxon is the largest or the second largest company in the world, some years Wal-Mart does better. It doesn't surprise me at all that they made so much money. If you think gas costs too much then stop buying it. Also, remember that America pays less for gas than any other country in the world.
    It's called mark ups. It costs the consumers around 1.08 per litre (here in Canada). But it costs the oil companies something like .55 to drill and produce a litre of gas.

    After 18 years in court exxon still has not paid up for the Valdez oil spill .39 billion in profits . whatsup?

    It would appear the press reported years ago, Exxon ordered to pay 5.4 billion in damages . To wit they set aside the money in an interest baring investment account and went to war trying to reduce the settlement .They are currently arguing that any punitive judgment should not exceed 25 million . As of December of 2006 the 9th circuit court had already reduced it to 2.4 billion which Exxon is still arguing over . Bush has given Exxon Billions in tax credits while Exxon still refuses to pay out for its clean up and damage to the fisheries in the sound area . Conservative responsibility no doubt in action here .After 18 years in court exxon still has not paid up for the Valdez oil spill .39 billion in profits . whatsup?
    I remember when that happened, and seeing the oil covering the sea and wildlife therein. Internatinal Law is difficult to grasp, but I agree that the fines need to be paid. Who gets the $$$ is the big question (the state of AK, Fed Govt, the fisherman who went bankrupt...)?





    I haven't purchased Exxon/Mobil fuel since the Valdez crash.After 18 years in court exxon still has not paid up for the Valdez oil spill .39 billion in profits . whatsup?
    This is not a ';Big Oil'; issue...





    This is totally in the hands of trial lawyers and insurance companies....and guess which party is most in bed with trial lawyers and insurance companies?





    Here's a hint...ask Hillary Clinton and John Edwards...
    i will never know why, they did get a reduction in their fines!!!!!





    vote in oil this is what happens!
    Bush didn't give Exxon tax credits.





    Congress did.





    And they were for reasons I'm going to go ahead and guess that are above your level of economic understanding.





    Cheers, mate.
    the only ones who win in court are lawyers..ask the libs why there are so many loopholes in the law that this crap can be drug out for this many years....

    How much are we depending? today Bloomberg report, Exxon & Chevron held only 1.4% of world oil and gas.?

    http://www.bloomberg.com/apps/news?pid=2鈥?/a>How much are we depending? today Bloomberg report, Exxon %26amp; Chevron held only 1.4% of world oil and gas.?
    [For Exxon Mobil, repurchasing stock is preferable to investing in oil and gas projects that won't produce at least a 30 percent return, James, the James Investment Research president, said in a July 25 interview.





    ``I like buybacks and in this environment, that's often the best investment they can make,'' James said. ``One of the things I really like about Exxon is that unless a project is going to really hit their target return, they won't do it.'']











    Must be nice being in a business where you can demand a 30% profit. And we wonder why the price of gasoline is so high.How much are we depending? today Bloomberg report, Exxon %26amp; Chevron held only 1.4% of world oil and gas.?
    again people sticking their head in the sand. i wish i could give you an answer and im waitin for some half *** answer on here too. just who is it we are depending on?
  • lip plumper
  • OK...OIl was never a consideration in Iraq??? Does Shell, Exxon/Mobil and BP feel the same way?

    Since the Big-three put W in office, I am confused as to how they got the 1st bids over there...Please tell me moreOK...OIl was never a consideration in Iraq??? Does Shell, Exxon/Mobil and BP feel the same way?
    How did shell and exxon and bp (not even a us company) put W'; in office?





    What contracts did you bid on? Did you meet the specifications? Did you have the ability to post a performance bond? If you did not bid on contracts, don't cry foul.





    You are a fool

    Oil Companies made 78 billion dollars last year. The head of Exxon Mobile got a 400 million dollar payout?

    Are you ok with that? Do you feel like a SUCKER everytime you put gas in your tank?Oil Companies made 78 billion dollars last year. The head of Exxon Mobile got a 400 million dollar payout?
    You forgot about insurance companies.





    Most people have NO CLUE that insurance touches almost every aspect of their lives, and the wrong move will cost them.





    Every time you visit your doctor, you have to be careful of the words you use, and what the doctor puts in your medical files.


    I recently had a client be declined for life insurance because she had a fainting spell last year.





    If the insurance underwriter doesn't like what they read in your medical files, you could either be declined coverage, or your rates will be high for life insurance, health insurance and long-term care insurance.





    Auto insurers don't base your rates on your driving record. Your rates are based on YOUR ZIP CODE! Most people don't know that. You could have a flawless driving record, but depending on where you live, your rates could be just as high as someone who has had accidents. Fortunately in California, thats about to change.





    You have it right. The issue of big business and how they bilk us should be addressed.





    But Good Luck getting anyone to listen.Oil Companies made 78 billion dollars last year. The head of Exxon Mobile got a 400 million dollar payout?
    With how much this has been reported with their record sales, I'm surprised more people haven't done something about this. Where are the politicians and all their promises to help people when it comes to this issue?
    What you fail to understand is that oil is a commodity. It is bought and sold on commodity markets all over the world. When there is a shortfall in supply the bidders on the commodity market ';bid up'; the price, knowing they can turn around and sell that oil for a higher price.





    Yes, the oil companies do profit from all this bidding but the ';middle man'; (commodities bidders) make a bundle off of it too.





    As far as the head of Exxon-Mobil getting that huge sum; Hey! the oil company agreed to it.





    p.s. It would probably surprise you how much cheaper a gallon of gas would be without state and local taxes.
    You have to realize that we have to have money to give to the 3 stoogies george,chenney, and runsfelt, now when you split it all up it only leaves us with $2-3,000,000.00 for 3 months work plus the perks// Try living on that meat head///
    I knew this, and I am furious. What the hell could this geezer need 400 million dollars for? He's already super rich off of oil. Why does he need 400 million more? What did he do to help humanity, that deserves 400 million dollars for a RETIREMENT package. My dad was a cop for 25 years, and didn't get anywhere near that for his pension. He was a hostage negotiator, and put his life on the line to help people. What about the cops, firefighters, soldiers, and others, who truly deserve the money? No. Some fatass CEO gets it because his stock went up. I hope he gets cancer. I really do. Because all the money in the world can't make that go away. After seeing 2 family members wither away at the exact same time with different forms of cancer, I know money can't buy health. This man needs to wake up. He needs some problems in his life.
    doesnt this belong in the politics section. You haven't seen the latin meaning of the word politics; poli- means many and tics means blood-sucking creatures. So it means many blood-sucking creatures. Thus we shall never wake up b/c the vast majority of the population is stupid.
    i dnt know but i wonder how my dad feels
    At $3.25 a gallon we are being GOUGED.


    I think they (the oil companies) should be regulated like a utility - such as electricity, gas, water - in some form anyway because they have proven to be irresponsible as a free enterprise.


    Gasoline, at least for the time being, is a necessity, and should be regulated as such.


    But take heart - the gasoline companies days are numbered. It is amazing to me that we still use gasoline - I cannot believe that the technology is not there or could not have been developed by now for alternatives.


    The oil companies really have their claws dug in, and we pay.
    yea i do if i didnt live in michigan i would ride my bike everywhere but that snow can be a killer but anyway they're nothing but old greedy men trying to squeeze as many pennies as they can from ppl with real financial problems
    I feel grat that they provide gas for my car to run on.... I suppose you don't own a car with that sort of attiude?
    oil will not be around long


    it is their swan song
    I don't know if I feel like a ';sucker'; but I know it is a situation that I cannot control nor can I look for an alternative source of supply. We all depend on oil and I guess we are willing to pay $3.00 a gallon to maintain our current and past driving habits. Although we are paying 200% more for gas than what we paid 3-4 years ago - look around. How many carpools do you see. As best I can tell, there are more cars on the road with just a single driver than what there was before.





    It is not a question of availability or if there is a shortage of oil. There is plenty of oil and people of our country use more per capita than any other country. Nowadays, countries like India and China are experiencing tremendous growth and have a much greater need for oil. Not only do they have a need, they are willing to pay the higher price - so we too get stuck with $3.00 a gallon gasoline. I don't think this price creep is going to end anytime soon. We need to change our driving habits so we get the most from our purchase.





    P.S. These same oil companies are making much more of a profit this year than the $78 billion you mentioned.