Oil $100 a BBL.........
03-05-2008 | 02:20 PM
#181
A moment please...
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From: Just passin' thru
One reason oil spiked today was that petrol inventories here in the US dropped unexpectedly so yes, one could say it was a "supply and demand" event. JP
03-05-2008 | 03:07 PM
#182
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From: G550 Captain
Oil companies only make 10% profit on thier product. You'll be hard pressed to find another business that is successful and remains successful making only a 10% profit. The government makes more on a gallon of gas than the "Big Oil" companies. BTW, there have been several congressional investigations into the profits of oil companies and the price of oil and they've never found anything. I want lower priced oil too but I think you're pointing the blame in the wrong direction. Just a recommendation, keep your emotions out of it.
Let's ask ourselves why oil prices have shot up in the last couple of weeks. Do a little research and you'll find the answer resides in South America.....and goes by the name of Chavez.
Let's ask ourselves why oil prices have shot up in the last couple of weeks. Do a little research and you'll find the answer resides in South America.....and goes by the name of Chavez.
03-05-2008 | 03:09 PM
#183
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From: G550 Captain
Yeah, say that to yourself again and again, and maybe you will start to believe that nonsense. Whatever makes you sleep better at night.
03-05-2008 | 03:28 PM
#184
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From: Just passin' thru
Why would Congress pass a law restricting Exxon's profits when the Federal government recieves 41% of Exxon's profits every quarter in the form of taxes? It Congress did that, they wouldn't be able to bribe as many voters every election with all those federally funded social programs. JP
03-05-2008 | 03:31 PM
#185
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From: Just passin' thru
03-05-2008 | 03:43 PM
#186
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From: G550 Captain
Why would Congress pass a law restricting Exxon's profits when the Federal government recieves 41% of Exxon's profits every quarter in the form of taxes? It Congress did that, they wouldn't be able to bribe as many voters every election with all those federally funded social programs. JP
03-05-2008 | 07:57 PM
#187
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HOSED BY PBS AGAIN
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03-05-2008 | 08:01 PM
#188
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HOSED BY PBS AGAIN
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Oil companies make 10% profit? Where did you get this figure? Let me guess from the Oil company? Or maybe you work for the oil company. Sounds like a propaganda from Exxon Mobile. Even at 10% a 10% of 10 billion is 1 billion. It's the greed of the oil industry that is squeezing the life out of middle class Americans. This is an instance where government regulation of price would do some good, that is not going to happen when you have the administration in bed with the oil industry and the congress is bought and sold for.
I AGREE that gov't regulation seems to be needed, but since our government is in bed with the oil companies, I don't think you'll ever see that. I'm just wondering what our country is going to have to do to get the oil company's attention. I just hope and pray that the bottom falls out, then they can enjoy a screwing like everyone else...............
03-05-2008 | 09:48 PM
#189
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From: 767 FO
Just understand that oil production is peaking. All of the data out there suggests that this is the case. Refutations of Peak Oil are comparably weak because of a lack of data and exhuberant assumptions. The marketplace believes that mankind will overcome Peak Oil w/ some grand new invention/technological prowess. I think they're placing a bit too much faith in mankind with that sort of prediction.
It is what it is.
It is what it is.
03-05-2008 | 09:53 PM
#190
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From: MD-88 F/O
Just understand that oil production is peaking. All of the data out there suggests that this is the case. Refutations of Peak Oil are comparably weak because of a lack of data and exhuberant assumptions. The marketplace believes that mankind will overcome Peak Oil w/ some grand new invention/technological prowess. I think they're placing a bit too much faith in mankind with that sort of prediction.
It is what it is.
It is what it is.
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