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-   -   Oil $100 a BBL......... (https://www.airlinepilotforums.com/major/22530-oil-100-bbl.html)

jungle 03-07-2008 09:34 AM


Originally Posted by Lighteningspeed (Post 334667)
To get the oil companies' attention, we are going to need a President who's got the balls to regulate and tax them at the rate they have been screwing us. Start with oil company executives. I do not see that on the horizon though. Whether it's Hillary or McCain, they are both corrupt.

I agree with you that we all hope the bottom falls out of this incessant oil price raping of middle class Americans and oil companies get screwed like they have been screwing us over the last 30 years.

Let me attempt to sum up your argument if I may, perhaps english is not your first language.
The oil companies are tricking us with incorrect accounting and the government is assisting them in fraud. Is that what you are trying to say?

These charges may easily be dismissed by anyone with a computer and five minutes of search time. The quarterly statement are on the web, as is a long and mostly fruitless history of government investigation of oil company profits.

Your basic charge is one of conspiracy, I challenge you to produce any proof. Please cite sources.
Such charges are easy to make, but invariably collapse under the burden of any reasonable proof.

Lighteningspeed 03-07-2008 09:41 AM


Originally Posted by jungle (Post 335636)
Let me attempt to sum up your argument if I may, perhaps english is not your first language.
The oil companies are tricking us with incorrect accounting and the government is assisting them in fraud. Is that what you are trying to say?

These charges may easily be dismissed by anyone with a computer and five minutes of search time. The quarterly statement are on the web, as is a long and mostly fruitless history of government investigation of oil company profits.

Your basic charge is one of conspiracy, I challenge you to produce any proof. Please cite sources.
Such charges are easy to make, but invariably collapse under the burden of any reasonable proof.


Hey, don't try so hard. Take your smug, greasy attitude elsewhere and smoke your cigar. btw English is my first language, thanks for asking, how about you? Says volumes about your attitude in general. You don't seem to read very well. Don't slap labels like conspiracy to slander someone.
I am not going to go over the basics of accounting with you. Go to college and get some real education.

jungle 03-07-2008 09:49 AM


Originally Posted by Lighteningspeed (Post 335642)
Hey, don't try so hard. Take your smug, greasy attitude elsewhere and smoke your cigar. btw English is my first language, thanks for asking, how about you? Says volumes about your attitude in general. You don't seem to read very well. Don't slap labels like conspiracy to slander someone.
I am not going to go over the basics of accounting with you. Go to college and get some real education.


I find it ironic that you demand more regulation and taxation of the oil industry by the same government you accuse of fraud. How can you trust them in one matter and not the other?
Why not bring up the XOM quarterly statement and we can discuss it point by point?

You could do us the favor of just pointing out any divergence from standard accounting principles in the report, I'm sure we could all appreciate your insight. Or is it that you have a disagreement with standard accounting practices also? You might want to let the DOJ know of your findings, I'm sure they would be very interested. Or are they involved in the conspiracy too?

fosters 03-07-2008 12:57 PM

Lightening,

What is your chief concern with XOM? They are making just 5% more per gallon of gas now than they were when gas was $1.20/gallon 5 years ago. We aren't getting screwed over by XOM, we live in an environment where other countries are willing to pay more for the available oil, and there is more demand for oil in general, and less supply.

If China/other nations are willing to pay $105/bbl, we have to be willing to pay at least that or they will get all the oil.

JetPiedmont 03-07-2008 01:10 PM

OK, cookies and milk at my house tonight. Everyone's invited, including jungle, fosters, smoothontop, EWRbasedPilot and yes, you too, Lighteningspeed!

There'll be cookies and milk everywhere!

The walls The ceiling The floor

JP

JetJock16 03-07-2008 05:51 PM


Originally Posted by fosters (Post 335808)
Lightening,

What is your chief concern with XOM? They are making just 5% more per gallon of gas now than they were when gas was $1.20/gallon 5 years ago. We aren't getting screwed over by XOM, we live in an environment where other countries are willing to pay more for the available oil, and there is more demand for oil in general, and less supply.

If China/other nations are willing to pay $105/bbl, we have to be willing to pay at least that or they will get all the oil.

Don't forget that the $105/bbl price also has a lot to do with the strength of the US dollar.

BalloonChaser 03-07-2008 05:56 PM


Originally Posted by JetJock16 (Post 335990)
Don't forget that the $105/bbl price also has a lot to do with the strength of the US dollar.

I said something along these lines on page 22? Guess it was overlooked as an invalid argument? Feel's like high school all over again!?... :(

EAHINC 03-07-2008 06:05 PM


Originally Posted by JetJock16 (Post 335990)
Don't forget that the $105/bbl price also has a lot to do with the strength of the US dollar.


It has everything to do with it.

EAHINC

JetPiedmont 03-07-2008 06:09 PM


Originally Posted by EAHINC (Post 336005)
It has everything to do with it.

EAHINC

Please expand on that. You are saying there are no other factors? JP

fosters 03-07-2008 06:16 PM


Originally Posted by JetJock16 (Post 335990)
Don't forget that the $105/bbl price also has a lot to do with the strength of the US dollar.

Absolutely, but if he can't wrap his head around the fact that Exxon has paid more for oil to refine, hence that is what is driving the of gasoline up, he won't have a snowballs chance in 'H-E double hockey sticks' of factoring the falling dollar into the equation. Honestly I don't even know how to factor it in, I'm not an economist. But logically I can see how it would effect what we pay for a world commodity.


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