|
Why gas is $5.00/gal
In article , payer3389
@mypacks.net says... Let's not forget that they are entitled to make a profit no matter how miserable the economy might be. Their costs are going up, way up. Our cost will go up also. The dollar continues to depreciate. That's a result of our fiscal policies and upside down balance of payments. A strong dollar would result in cheaper oil, and that is what we've been used to in the past. That's what, the fourth excuse Wayne has come up with the justify the rape of Americans by the oil companies. Your inability to comprehend basic business concepts is sad, very sad. I hope your twin diesels run on french fry oil. |
Why gas is $5.00/gal
BAR wrote:
In , says... On Sun, 24 Apr 2011 18:25:30 -0400, Wayne B wrote: On Sun, 24 Apr 2011 12:41:35 -0400, Gene wrote: Holding a big inventory of oil in your tank farm is not without risk and it takes massive investments in time and money to build the infrastructure. Not surprisingly, the people who make those investments expect to earn a profit once in a while. "A profit once in a while.....?" http://www.nytimes.com/2011/02/01/business/01oil.html http://www.grist.org/article/2010-04...ution-while-am http://money.cnn.com/2010/07/29/news...xxon/index.htm http://money.cnn.com/magazines/fortu...anies/profits/ The oil companies and speculators are almost single-handedly preventing an economic recovery.... and they are being paid handsomely to do so..... and you are DEFENDING that? Incredible..... It's a very cyclical business and no one feels sorry for Exxon when they have stagnant growth, or even worse, when they fail to discover enough new oil to replace what they sold. Unfortunately that is what is happening. It is probably reasonable to assume that as their exploration and acquisition costs go up, and as their reserves go down, they will want a higher price for the product. In the interest of full disclosure, I own stock in both Exxon and Chevron-Texaco. Their annual reports make interesting reading and the future for energy prices is not good. Somehow, you are missing the reality that when Exxon loses money, the stockholders are ****ed..... when Exxon continues to make record profits in an otherwise miserable economy, they are sticking it to all of the users of gasoline.... one way or the other, the entire American population.... and to the entire American economy.... Don't buy their products if you don't like the way they do business. It must be nice to go through life uneducated and simpleminded, as you obviously are. |
Why gas is $5.00/gal
In article , payer3389
@mypacks.net says... Corporations are not, like any individual, entitled to commit treason with impunity.... no matter how important profit is, to some self centered investors... How unAmerican of you, Gene! :) Don't you believe in corporations über alles? I believe we need to "restructure" certain aspects of our society, and part of that restructuring should be how we handle leases to explore and drill for oil and natural gas. There's nothing sacred about for-profit corporations. That model isn't working anymore for us. It's milking the middle class dry and accelerating the transfer of wealth to the very rich. There are any number of oil-producing countries in which ownership of that asset is retained by the state, and the revenues used to finance the government. The problem here is that Americans have been brainwashed into thinking the price-fixing, for-profit private sector that dominates the energy business is the only way to do that sort of business. This collectivization thing was tried before and it failed miserable. Also, government control of all industry has failed miserable too. |
Why gas is $5.00/gal
BAR wrote:
In articleHs6dnccI4r3x1yjQnZ2dnUVZ_rqdnZ2d@earthlink .com, payer3389 @mypacks.net says... Corporations are not, like any individual, entitled to commit treason with impunity.... no matter how important profit is, to some self centered investors... How unAmerican of you, Gene! :) Don't you believe in corporations über alles? I believe we need to "restructure" certain aspects of our society, and part of that restructuring should be how we handle leases to explore and drill for oil and natural gas. There's nothing sacred about for-profit corporations. That model isn't working anymore for us. It's milking the middle class dry and accelerating the transfer of wealth to the very rich. There are any number of oil-producing countries in which ownership of that asset is retained by the state, and the revenues used to finance the government. The problem here is that Americans have been brainwashed into thinking the price-fixing, for-profit private sector that dominates the energy business is the only way to do that sort of business. This collectivization thing was tried before and it failed miserable. Also, government control of all industry has failed miserable too. Again, lack of education and deficits in your knowledge base of "current events" have done you in. As I stated, "There are any number of oil-producing countries in which ownership of that asset is retained by the state, and the revenues used to finance the government." I'm not talking about the failed Communist states here, Bertie. But you think I am. |
Why gas is $5.00/gal
|
Why gas is $5.00/gal
In article , payer3389
@mypacks.net says... BAR wrote: In article8tqdned7uv_i2ynQnZ2dnUVZ_q6dnZ2d@earthlink .com, payer3389 @mypacks.net says... Wayne B wrote: On Sun, 24 Apr 2011 08:36:48 -0400, Gene wrote: uh no. it's speculators. they caused a similar run up under the white guy who preceded the guy you hate because he's black Damn speculators. Why aren't more people doing it? Let's go halves on a tanker load and resell it on EBAY. Anybody else want in on the deal? We're going to need a dock, tank farm, distribution network, trucks, pipelines and a whole sh*t load of permits. With some help from Wall Street we can probably get 90 day financing. Sorry, you are too late..... the guys that already had all of that are reaping all the profits...... re-read that thing about frugality.... proactiveness is number one..... Holding a big inventory of oil in your tank farm is not without risk and it takes massive investments in time and money to build the infrastructure. Not surprisingly, the people who make those investments expect to earn a profit once in a while. I haven't seen anyone suggesting earning a profit is illegal or immoral. Questions arise when those profits become synonymous with rip-off, and that's what the petrol industry is doing, ripping us off. Where do you draw the line? When do profits become synonymous with rip- off? In regard to these big oil companies, I believe we crossed that line years ago. Further, there are so many ways to cook the books, so to speak, in oil company bookkeeping, there's really no legitimate way to determine what their real "profits" are. That's true, of course, with many larger corporations, and their abilities to avoid paying taxes. They must have finally learned from the Union bookkeepers. How to raid a union pension fund and strike fund without going to jail. I'm beginning to believe we ought to get out of the business of giving away our oil and gas via cheap leases so the oil companies can turn around and rape us. There are other ways to "produce" the goods so that the ownership and profits are there to benefit the country and its citizens. Beyond cheap leases? Economics is beyond your ability to comprehend. |
Why gas is $5.00/gal
In article , payer3389
@mypacks.net says... BAR wrote: In , says... On Sun, 24 Apr 2011 11:40:23 -0400, Wayne B wrote: On Sun, 24 Apr 2011 08:36:48 -0400, Gene wrote: uh no. it's speculators. they caused a similar run up under the white guy who preceded the guy you hate because he's black Damn speculators. Why aren't more people doing it? Let's go halves on a tanker load and resell it on EBAY. Anybody else want in on the deal? We're going to need a dock, tank farm, distribution network, trucks, pipelines and a whole sh*t load of permits. With some help from Wall Street we can probably get 90 day financing. Sorry, you are too late..... the guys that already had all of that are reaping all the profits...... re-read that thing about frugality.... proactiveness is number one..... Holding a big inventory of oil in your tank farm is not without risk and it takes massive investments in time and money to build the infrastructure. Not surprisingly, the people who make those investments expect to earn a profit once in a while. "A profit once in a while.....?" http://www.nytimes.com/2011/02/01/business/01oil.html 8% Profit for 2010. 6.2% Profile for 2009. Doesn't seem out of line to me. Please...if you believe those are "real" numbers, perhaps you'd like to buy shares in a bridge in Brooklyn. They are from a simple calculation of numbers presented in an NYT article. |
Why gas is $5.00/gal
In article , payer3389
@mypacks.net says... BAR wrote: In , says... On Sun, 24 Apr 2011 18:25:30 -0400, Wayne B wrote: On Sun, 24 Apr 2011 12:41:35 -0400, Gene wrote: Holding a big inventory of oil in your tank farm is not without risk and it takes massive investments in time and money to build the infrastructure. Not surprisingly, the people who make those investments expect to earn a profit once in a while. "A profit once in a while.....?" http://www.nytimes.com/2011/02/01/business/01oil.html http://www.grist.org/article/2010-04...ution-while-am http://money.cnn.com/2010/07/29/news...xxon/index.htm http://money.cnn.com/magazines/fortu...anies/profits/ The oil companies and speculators are almost single-handedly preventing an economic recovery.... and they are being paid handsomely to do so..... and you are DEFENDING that? Incredible..... It's a very cyclical business and no one feels sorry for Exxon when they have stagnant growth, or even worse, when they fail to discover enough new oil to replace what they sold. Unfortunately that is what is happening. It is probably reasonable to assume that as their exploration and acquisition costs go up, and as their reserves go down, they will want a higher price for the product. In the interest of full disclosure, I own stock in both Exxon and Chevron-Texaco. Their annual reports make interesting reading and the future for energy prices is not good. Somehow, you are missing the reality that when Exxon loses money, the stockholders are ****ed..... when Exxon continues to make record profits in an otherwise miserable economy, they are sticking it to all of the users of gasoline.... one way or the other, the entire American population.... and to the entire American economy.... Don't buy their products if you don't like the way they do business. It must be nice to go through life uneducated and simpleminded, as you obviously are. You claim you do not shop at WalMart. I assume that you can apply that discipline to other areas of your life. |
Why gas is $5.00/gal
In article , payer3389
@mypacks.net says... BAR wrote: In articleHs6dnccI4r3x1yjQnZ2dnUVZ_rqdnZ2d@earthlink .com, payer3389 @mypacks.net says... Corporations are not, like any individual, entitled to commit treason with impunity.... no matter how important profit is, to some self centered investors... How unAmerican of you, Gene! :) Don't you believe in corporations über alles? I believe we need to "restructure" certain aspects of our society, and part of that restructuring should be how we handle leases to explore and drill for oil and natural gas. There's nothing sacred about for-profit corporations. That model isn't working anymore for us. It's milking the middle class dry and accelerating the transfer of wealth to the very rich. There are any number of oil-producing countries in which ownership of that asset is retained by the state, and the revenues used to finance the government. The problem here is that Americans have been brainwashed into thinking the price-fixing, for-profit private sector that dominates the energy business is the only way to do that sort of business. This collectivization thing was tried before and it failed miserable. Also, government control of all industry has failed miserable too. Again, lack of education and deficits in your knowledge base of "current events" have done you in. As I stated, "There are any number of oil-producing countries in which ownership of that asset is retained by the state, and the revenues used to finance the government." Yeah right. Where is the line Harry, where is the line of good corporations and bad corporations? When does a corporation go from being a bad corporation to being a good lackey of the government? I'm not talking about the failed Communist states here, Bertie. But you think I am. Shouldn't the government be running all farming? Shouldn't the government be running al agriculture? What about fishing? Should we be paying mother nature in whatever currency she wants to take her bounty? |
Why gas is $5.00/gal
BAR wrote:
They must have finally learned from the Union bookkeepers. How to raid a union pension fund and strike fund without going to jail. Once again, you are betraying your ignorance. *All* union pension fund officers have to be bonded. If there is a discrepancy in the pension funds, the bonding company has to make it good. As it does, it gets in contact with the prosecutors and pushes for criminal prosecution, and it usually gets its way. Further, because of the difficulty of being in full compliance with all the federal laws that pertain to pension funds, most union pension funds retain professional administrators to handle the money and agree on pension investments. These administrators are well aware of the many federal regulations that pertain to pension funds, and they don't want to go to jail, either. When you think of pension fund raiders, you should think of those corporations that never bothered to fund their pension liabilities and leave their retiring employees holding an empty bag. Or the corporations that go bankrupt and leave their pensioned employees and future pensioned employees holding an empty bag. All the union financial corruption in this country since the beginning of unions here is a drop in the bucket compared to the dollar value of corporate corruption and Wall Street corruption. |
Why gas is $5.00/gal
BAR wrote:
In articleTtudndrW4ch87ijQnZ2dnUVZ_tGdnZ2d@earthlink .com, payer3389 @mypacks.net says... BAR wrote: In articleHs6dnccI4r3x1yjQnZ2dnUVZ_rqdnZ2d@earthlink .com, payer3389 @mypacks.net says... Corporations are not, like any individual, entitled to commit treason with impunity.... no matter how important profit is, to some self centered investors... How unAmerican of you, Gene! :) Don't you believe in corporations über alles? I believe we need to "restructure" certain aspects of our society, and part of that restructuring should be how we handle leases to explore and drill for oil and natural gas. There's nothing sacred about for-profit corporations. That model isn't working anymore for us. It's milking the middle class dry and accelerating the transfer of wealth to the very rich. There are any number of oil-producing countries in which ownership of that asset is retained by the state, and the revenues used to finance the government. The problem here is that Americans have been brainwashed into thinking the price-fixing, for-profit private sector that dominates the energy business is the only way to do that sort of business. This collectivization thing was tried before and it failed miserable. Also, government control of all industry has failed miserable too. Again, lack of education and deficits in your knowledge base of "current events" have done you in. As I stated, "There are any number of oil-producing countries in which ownership of that asset is retained by the state, and the revenues used to finance the government." Yeah right. Where is the line Harry, where is the line of good corporations and bad corporations? When does a corporation go from being a bad corporation to being a good lackey of the government? I'm not talking about the failed Communist states here, Bertie. But you think I am. Shouldn't the government be running all farming? Shouldn't the government be running al agriculture? What about fishing? Should we be paying mother nature in whatever currency she wants to take her bounty? Reductio ad absurdum. Although I do believe we need to be much more careful about the environment so that we continue to have a "nature" that produces bounty for us. |
Why gas is $5.00/gal
In article , payer3389
@mypacks.net says... BAR wrote: They must have finally learned from the Union bookkeepers. How to raid a union pension fund and strike fund without going to jail. Once again, you are betraying your ignorance. *All* union pension fund officers have to be bonded. If there is a discrepancy in the pension funds, the bonding company has to make it good. As it does, it gets in contact with the prosecutors and pushes for criminal prosecution, and it usually gets its way. Go tell it to someone who will believe you. Further, because of the difficulty of being in full compliance with all the federal laws that pertain to pension funds, most union pension funds retain professional administrators to handle the money and agree on pension investments. These administrators are well aware of the many federal regulations that pertain to pension funds, and they don't want to go to jail, either. Again, go tell it to someone who will believe you. When you think of pension fund raiders, you should think of those corporations that never bothered to fund their pension liabilities and leave their retiring employees holding an empty bag. Or the corporations that go bankrupt and leave their pensioned employees and future pensioned employees holding an empty bag. I haven't been covered by a pension plan since 1986. When that one closed down I used the money I received to start my IRA. Since then I have been funding my own retirement. All the union financial corruption in this country since the beginning of unions here is a drop in the bucket compared to the dollar value of corporate corruption and Wall Street corruption. Union corruption is notorious and rampant. http://nlpc.org/union-corruption-update |
Why gas is $5.00/gal
BAR wrote:
In articleZ8ydnbWCF5ea5yjQnZ2dnUVZ_sednZ2d@earthlink .com, payer3389 @mypacks.net says... BAR wrote: They must have finally learned from the Union bookkeepers. How to raid a union pension fund and strike fund without going to jail. Once again, you are betraying your ignorance. *All* union pension fund officers have to be bonded. If there is a discrepancy in the pension funds, the bonding company has to make it good. As it does, it gets in contact with the prosecutors and pushes for criminal prosecution, and it usually gets its way. Go tell it to someone who will believe you. Further, because of the difficulty of being in full compliance with all the federal laws that pertain to pension funds, most union pension funds retain professional administrators to handle the money and agree on pension investments. These administrators are well aware of the many federal regulations that pertain to pension funds, and they don't want to go to jail, either. Again, go tell it to someone who will believe you. When you think of pension fund raiders, you should think of those corporations that never bothered to fund their pension liabilities and leave their retiring employees holding an empty bag. Or the corporations that go bankrupt and leave their pensioned employees and future pensioned employees holding an empty bag. I haven't been covered by a pension plan since 1986. When that one closed down I used the money I received to start my IRA. Since then I have been funding my own retirement. All the union financial corruption in this country since the beginning of unions here is a drop in the bucket compared to the dollar value of corporate corruption and Wall Street corruption. Union corruption is notorious and rampant. http://nlpc.org/union-corruption-update I didn't say there was "no" union corruption. I said it paled in comparison to corporate corruption. BTW, your cite proves my point: Former Glass Workers President in Florida Sentenced Submitted by Carl Horowitz on Fri, 04/15/2011 - 17:39 Glass Workers (GMP) On February 2, Karl Youngerman, former president of Glass, Molders, Pottery, Plastics & Allied Workers International Union Local 208, was sentenced in U.S. District Court for the Middle District of Florida to five years probation for conspiracy to embezzle funds from the Bradenton union in the amount of $18,218.91. He also was ordered to pay restitution in that amount to Fidelity and Deposit Company of Maryland. Youngerman had pleaded guilty in November. The guilty plea and sentencing follow an investigation by the Labor Department's Office of Labor-Management Standards. --- Fidelity is the bonding company. It went after Youngerman, just as I said the bonding companies do. |
Why gas is $5.00/gal
On 4/25/2011 10:27 AM, BAR wrote:
In articleZ8ydnbWCF5ea5yjQnZ2dnUVZ_sednZ2d@earthlink .com, payer3389 @mypacks.net says... BAR wrote: They must have finally learned from the Union bookkeepers. How to raid a union pension fund and strike fund without going to jail. Once again, you are betraying your ignorance. *All* union pension fund officers have to be bonded. If there is a discrepancy in the pension funds, the bonding company has to make it good. As it does, it gets in contact with the prosecutors and pushes for criminal prosecution, and it usually gets its way. Go tell it to someone who will believe you. Further, because of the difficulty of being in full compliance with all the federal laws that pertain to pension funds, most union pension funds retain professional administrators to handle the money and agree on pension investments. These administrators are well aware of the many federal regulations that pertain to pension funds, and they don't want to go to jail, either. Again, go tell it to someone who will believe you. When you think of pension fund raiders, you should think of those corporations that never bothered to fund their pension liabilities and leave their retiring employees holding an empty bag. Or the corporations that go bankrupt and leave their pensioned employees and future pensioned employees holding an empty bag. I haven't been covered by a pension plan since 1986. When that one closed down I used the money I received to start my IRA. Since then I have been funding my own retirement. All the union financial corruption in this country since the beginning of unions here is a drop in the bucket compared to the dollar value of corporate corruption and Wall Street corruption. Union corruption is notorious and rampant. http://nlpc.org/union-corruption-update This is particularly disturbing. I wonder if Obama will sit down with the members for a beer and a chat? http://nlpc.org/union-corruption-update |
Why gas is $5.00/gal
On 4/25/2011 11:16 AM, OmDeFlume wrote:
On 4/25/2011 10:27 AM, BAR wrote: In articleZ8ydnbWCF5ea5yjQnZ2dnUVZ_sednZ2d@earthlink .com, payer3389 @mypacks.net says... BAR wrote: They must have finally learned from the Union bookkeepers. How to raid a union pension fund and strike fund without going to jail. Once again, you are betraying your ignorance. *All* union pension fund officers have to be bonded. If there is a discrepancy in the pension funds, the bonding company has to make it good. As it does, it gets in contact with the prosecutors and pushes for criminal prosecution, and it usually gets its way. Go tell it to someone who will believe you. Further, because of the difficulty of being in full compliance with all the federal laws that pertain to pension funds, most union pension funds retain professional administrators to handle the money and agree on pension investments. These administrators are well aware of the many federal regulations that pertain to pension funds, and they don't want to go to jail, either. Again, go tell it to someone who will believe you. When you think of pension fund raiders, you should think of those corporations that never bothered to fund their pension liabilities and leave their retiring employees holding an empty bag. Or the corporations that go bankrupt and leave their pensioned employees and future pensioned employees holding an empty bag. I haven't been covered by a pension plan since 1986. When that one closed down I used the money I received to start my IRA. Since then I have been funding my own retirement. All the union financial corruption in this country since the beginning of unions here is a drop in the bucket compared to the dollar value of corporate corruption and Wall Street corruption. Union corruption is notorious and rampant. http://nlpc.org/union-corruption-update This is particularly disturbing. I wonder if Obama will sit down with the members for a beer and a chat? http://nlpc.org/union-corruption-update I intended for you to see the UAW video. You need to scroll down a bit to view it. |
Why gas is $5.00/gal
On 24/04/2011 8:29 PM, Lil Abner wrote:
On 4/23/2011 7:32 PM, wf3h wrote: On Fri, 22 Apr 2011 19:33:15 -0400, Lil wrote: Obama's oufit and Ayers has an agenda to socialize America regardless of or in spite of the cost to Middle America. They are in bed with Wall Street on many issues. face it. how can obama be BOTH a socialist AND a wall street pawn?? you right wingers are SSOOO stupid in addition it's the RIGHT that deregulated us into a plutocracy owned by wall street How can China be Marxist and Capitalist. There are many apparent contradictions. Webster doesn't fit all the scenarios. The essence is herd the people for the socialist cause. Manage The People for the benefit of the upper regions of wealth Supply Side economics/govt. Corporatism. We seem to be receiving from both camps. Nothing like poor, discontented, crowded, but well monitored flexible labor pool for both camps. is this utopia or what? It would be better to coin China an Authoritarian-capitalist society. Not sure there is much Marxism there at all, in fact there is more in the US as the US owns an auto manufacturer. -- I can assure you that the road to prosperity is not paved with fleabagger debt. |
Why gas is $5.00/gal
Canuck57 wrote:
On 24/04/2011 8:29 PM, Lil Abner wrote: On 4/23/2011 7:32 PM, wf3h wrote: On Fri, 22 Apr 2011 19:33:15 -0400, Lil wrote: Obama's oufit and Ayers has an agenda to socialize America regardless of or in spite of the cost to Middle America. They are in bed with Wall Street on many issues. face it. how can obama be BOTH a socialist AND a wall street pawn?? you right wingers are SSOOO stupid in addition it's the RIGHT that deregulated us into a plutocracy owned by wall street How can China be Marxist and Capitalist. There are many apparent contradictions. Webster doesn't fit all the scenarios. The essence is herd the people for the socialist cause. Manage The People for the benefit of the upper regions of wealth Supply Side economics/govt. Corporatism. We seem to be receiving from both camps. Nothing like poor, discontented, crowded, but well monitored flexible labor pool for both camps. is this utopia or what? It would be better to coin China an Authoritarian-capitalist society. Not sure there is much Marxism there at all, in fact there is more in the US as the US owns an auto manufacturer. And once again you demonstrate how little you know of the real world. Further, many of the state-owned companies are marvels of efficiency. That said, the PRC is a communist country and there are continuing instances of near slave labor factories and other facilities... As for Marxism, well, a lot passes for Marxism, but isn't and never was, in China and in other places. |
Why gas is $5.00/gal
|
Why gas is $5.00/gal
On 24/04/2011 8:25 AM, wf3h wrote:
On Sun, 24 Apr 2011 08:19:24 -0600, wrote: On 23/04/2011 5:42 PM, wf3h wrote: On Sat, 23 Apr 2011 16:53:45 -0600, wrote: So why would you control private business? So it can be as efficient at disposing of money as Government Motors? let's see...in the last 3 years, efficient private business cost the US TEN TRILLION in national wealth. so much for THAT little piece of right wing bull**** Market was overdosed on DEBT bubble, and it burst. Market just reacted. yep.the right wing deregulated the financial markets and ran the debt market up to stratospheric levels more reason we need to regulate wall street But I will thank our liberal leftie money for nothing debtors...it presented a once in a lifetime buying opportunity. But then, that is the difference between the seasoned investor and a knee jerk. gee. what did the liberal left do? you keep bleating this. but never get into specifics. is that because you're a racist who hates obama or because you're too stupid to know it was CONSERVATIVES who engineered the destruction of the US? The fact that so many were blinded by liberalism debt greed, well, isn't a righties fault. Just envy on the left as many sold at the bottom when they should have been buying....but then again they had too much DEBT. more cliches any specifics? no. i thought not. you ahve glen beck and rush and all the right wing blather and NO specifics at all. none Funny, your own government screws you with letting banks screw up, and in fact government is one of the biggest delinquent debtors in the world and you blame wall street. What do you mean by specifics? Stock symbols? Take your pick. 9/10 stocks or better bough Jan-Mar 2009 are now up big time. But does help when you pick some like TCK-B. But doesn't have to be that good to make money. Yep, while liberals and fleabagger were whining, crying, running with fear I cleaned up. Who has the largest debt in the world and hasn't make any serious repayments in over 3 decades? USA Government. Who indirectly sets interest rates? The government. Who said liberalized bad credit rules and low down was OK for the banks? Government. You will fix nothing until you fix the biggest problem of them all, Washington DC - The USA Government. Now printing more new fiat no-value inflationary dollars than Americans consume in sheets of toilet paper. And you don't see the problem? Don't worry, you are part of a group known as dumbsh1t fleabaggers. Your need for greed, denialism, outweigh your ability to rationalize. A disease really. Fleabaggers disease. As for race, I thought fleabaggers came in all colors. So for Obama are you saying his color is an excuse or a reason? -- I can assure you that the road to prosperity is not paved with fleabagger debt. |
Why gas is $5.00/gal
|
Why gas is $5.00/gal
On 24/04/2011 8:10 PM, wf3h wrote:
On Sun, 24 Apr 2011 21:15:46 -0400, wrote: In , says... On Sun, 24 Apr 2011 08:19:24 -0600, wrote: The fact that so many were blinded by liberalism debt greed, well, isn't a righties fault. Just envy on the left as many sold at the bottom when they should have been buying....but then again they had too much DEBT. more cliches any specifics? no. i thought not. you ahve glen beck and rush and all the right wing blather Bobby, have you gone through all 99 weeks of your unemployment yet? perhaps but fortunately for you and your family welfare goes on for a bit longer than that Welfare should be eliminated. If a person is truly disabled, there is disability. But welfare is an excuse to pay people to lay on their backs and have babies they cannot otherwise afford. If society needs such a function, perhaps government should take them in like sheep, breed a better quality and manage their lives. -- I can assure you that the road to prosperity is not paved with fleabagger debt. |
Why gas is $5.00/gal
On 24/04/2011 9:19 AM, Harryk wrote:
Canuck57 wrote: While big money buys elections, last I checked it didn't buy your vote. Money buys advertising, they pick the Rep and Dem ponies, but you often can vote for a third option. But you don't. A third option? Most of the "third option" candidates who run in this country are as bat**** crazy as you are. So did you run? -- I can assure you that the road to prosperity is not paved with fleabagger debt. |
Why gas is $5.00/gal
Canuck57 wrote:
On 24/04/2011 9:19 AM, Harryk wrote: Canuck57 wrote: While big money buys elections, last I checked it didn't buy your vote. Money buys advertising, they pick the Rep and Dem ponies, but you often can vote for a third option. But you don't. A third option? Most of the "third option" candidates who run in this country are as bat**** crazy as you are. So did you run? I almost ran for public office once, when I lived in Michigan many years ago and was very active in the state Democratic party. |
Why gas is $5.00/gal
On 24/04/2011 12:19 PM, wf3h wrote:
On Sun, 24 Apr 2011 08:25:11 -0600, wrote: On 23/04/2011 5:40 PM, wf3h wrote: On Sat, 23 Apr 2011 12:54:24 -0600, wrote: Or if you don't want to go international and are risk adverse, just buy an oilfield or gold and wait. So why invest in a hyper-inflationary anti-business USA again? HAHAHAHA anti business US... the US is a plutocracy where the SCOTUS just legalized corporate purchase of elections and he says wer're anti business! Government is for banking. Most people have their mortgages with Fannie or Freddie...now also add GMAC...and they are all bankrupt. While big money buys elections, last I checked it didn't buy your vote. Money buys advertising, they pick the Rep and Dem ponies, but you often can vote for a third option. But you don't. which does nothing to address your bizarre statement that the US is 'anti business' and who do you vote for when the big money has idiots like you convinced that big money is big money because god wants it that way? How so? Byzantine paperwork and rules, need a law degree to even contemplate opening a business without being sued, fined, harassed... Then get a union up your arse like a stuck pig. Big hikes in utilities, taxes and more taxes. I always vote one way and one way only. Who is going to cost me less. Not many good choices, but it is how I vote. Hey, USA has lost its edge. -- I can assure you that the road to prosperity is not paved with fleabagger debt. |
Why gas is $5.00/gal
On Sun, 24 Apr 2011 22:51:09 -0700, sent the
following message On Sun, 24 Apr 2011 23:39:21 -0400, Wayne B wrote: On Sun, 24 Apr 2011 22:12:38 -0400, Gene wrote: On Sun, 24 Apr 2011 21:05:44 -0400, Wayne B wrote: On Sun, 24 Apr 2011 20:39:41 -0400, Gene wrote: On Sun, 24 Apr 2011 18:25:30 -0400, Wayne B wrote: On Sun, 24 Apr 2011 12:41:35 -0400, Gene wrote: Holding a big inventory of oil in your tank farm is not without risk and it takes massive investments in time and money to build the infrastructure. Not surprisingly, the people who make those investments expect to earn a profit once in a while. "A profit once in a while.....?" http://www.nytimes.com/2011/02/01/business/01oil.html http://www.grist.org/article/2010-04...panies-continu e-to-see-big-profits-pollution-while-am http://money.cnn.com/2010/07/29/news...xxon/index.htm http://money.cnn.com/magazines/fortu...009/performers /companies/profits/ The oil companies and speculators are almost single-handedly preventing an economic recovery.... and they are being paid handsomely to do so..... and you are DEFENDING that? Incredible..... It's a very cyclical business and no one feels sorry for Exxon when they have stagnant growth, or even worse, when they fail to discover enough new oil to replace what they sold. Unfortunately that is what is happening. It is probably reasonable to assume that as their exploration and acquisition costs go up, and as their reserves go down, they will want a higher price for the product. In the interest of full disclosure, I own stock in both Exxon and Chevron-Texaco. Their annual reports make interesting reading and the future for energy prices is not good. Somehow, you are missing the reality that when Exxon loses money, the stockholders are ****ed..... when Exxon continues to make record profits in an otherwise miserable economy, they are sticking it to all of the users of gasoline.... one way or the other, the entire American population.... and to the entire American economy.... Let's not forget that they are entitled to make a profit no matter how miserable the economy might be. Their costs are going up, way up. Our cost will go up also. The dollar continues to depreciate. That's a result of our fiscal policies and upside down balance of payments. A strong dollar would result in cheaper oil, and that is what we've been used to in the past. Corporations are not, like any individual, entitled to commit treason with impunity.... no matter how important profit is, to some self centered investors... Strong words Gene. I always believed you were more thoughtful than that (unless you are being spoofed of course, in which case I apologize). Someone has to explore for this oil, pump it, refine it and deliver it to us. There has to be a profit in that to provide the incentive to find and pump more of it, just like any other business or any other product. What about the farmers? They also supply an essential product wouldn't you agree? Right now they are reaping sky high profits on corn because our government thought it was a good idea to burn ethanol as fuel. Should we accuse the farmers of treason for making increased profits on an essential product? Yes, someone has to do it, and making a profit is important. However, making a profit should not be and cannot be allowed to destroy the environment and kill people. Every business I know of has to abide by regulations that go beyond the day-to-day operation of the corp. There is nothing wrong with regulating an industry that can do the kind of environmental damage we've witnessed. What about farmers? The large agri-business' don't need subsidies, just like big oil doesn't need them. That should end. We cant herlp you. Talk to your crongress critters. |
Why gas is $5.00/gal
On Mon, 25 Apr 2011 09:07:32 -0400, Harryk
sent the following message BAR wrote: In , says... On Sun, 24 Apr 2011 11:40:23 -0400, Wayne B wrote: On Sun, 24 Apr 2011 08:36:48 -0400, Gene wrote: uh no. it's speculators. they caused a similar run up under the white guy who preceded the guy you hate because he's black Damn speculators. Why aren't more people doing it? Let's go halves on a tanker load and resell it on EBAY. Anybody else want in on the deal? We're going to need a dock, tank farm, distribution network, trucks, pipelines and a whole sh*t load of permits. With some help from Wall Street we can probably get 90 day financing. Sorry, you are too late..... the guys that already had all of that are reaping all the profits...... re-read that thing about frugality.... proactiveness is number one..... Holding a big inventory of oil in your tank farm is not without risk and it takes massive investments in time and money to build the infrastructure. Not surprisingly, the people who make those investments expect to earn a profit once in a while. "A profit once in a while.....?" http://www.nytimes.com/2011/02/01/business/01oil.html 8% Profit for 2010. 6.2% Profile for 2009. Doesn't seem out of line to me. Please...if you believe those are "real" numbers, perhaps you'd like to buy shares in a bridge in Brooklyn. How many are you trying to dump? |
Why gas is $5.00/gal
In article , payer3389
@mypacks.net says... Canuck57 wrote: On 24/04/2011 9:19 AM, Harryk wrote: Canuck57 wrote: While big money buys elections, last I checked it didn't buy your vote. Money buys advertising, they pick the Rep and Dem ponies, but you often can vote for a third option. But you don't. A third option? Most of the "third option" candidates who run in this country are as bat**** crazy as you are. So did you run? I almost ran for public office once, when I lived in Michigan many years ago and was very active in the state Democratic party. Yeah, sure, we believe you Harry. Everyone here believes everything you say. Rounded the horn, fireboat welcome, Yale degree, yep. |
Why gas is $5.00/gal
On 24/04/2011 12:27 PM, wf3h wrote:
Nothing wrong with profits, after all you don't go to work for nothing do you? So why should my capital go to work unless I make a profit? profits are not bad. what we have in the US is profits for the few and risk for the many Only because a few are investing in USA. You dont invest in USA, you just whine. You want the wealth of an investor, but yet will not invest. I call them needy greedy slug fleabaggers. To envious and lazy to work for it, and don't even invest in there own country. Hey, you don't invest in yourself, you don't invest in your country, you just whine a lot -- well no wonder your are a loser. the right wing enables this by continuing to assert that the rich are rich because, in the US, you're rich because you 'work hard' or you're 'smarter' or some other such bull**** the OBJECTIVE EVIDENCE shows this is WRONG. but the right continues to believe this MYTH No doubt, the Queen of Mean, Leona Helmsley was one mean bitch. But will say his she left $4 billion into a charity trust. and what was her use of money after she was dead? fine. let's get more dead rich people. sounds like a great idea More good than you will ever do. Yep, it was a democrat supporter that coined "We don't pay taxes. Only the little people pay taxes.". Look it up, she loved Jimmy Carter, democrat. Go figure. So if you think Leona is GOP, please cite as I say BS to to. She was a democrat. which has ZIP to do with the fact the GOP has deregulated wall street to the point that bankrupting the US is legal and the right wing supports this. You skirted the point. You shot your mouth off mindlessly. -- I can assure you that the road to prosperity is not paved with fleabagger debt. |
Why gas is $5.00/gal
On 25/04/2011 6:47 AM, BAR wrote:
No doubt, the Queen of Mean, Leona Helmsley was one mean bitch. But will say his she left $4 billion into a charity trust. and what was her use of money after she was dead? fine. let's get more dead rich people. sounds like a great idea It was here money and she should be able to dispose of it any way she wants. What do you plan to do with your left over "fortune", give it all to the government? I sure hope so, they need it more than your children. Pretty obvious wf3h is skint, does not think of his wife, family nor others. Be lucky if he has enough to cover his funeral costs. -- I can assure you that the road to prosperity is not paved with fleabagger debt. |
Why gas is $5.00/gal
On 24/04/2011 9:49 AM, Harryk wrote:
Wayne B wrote: On Sun, 24 Apr 2011 08:36:48 -0400, Gene wrote: uh no. it's speculators. they caused a similar run up under the white guy who preceded the guy you hate because he's black Damn speculators. Why aren't more people doing it? Let's go halves on a tanker load and resell it on EBAY. Anybody else want in on the deal? We're going to need a dock, tank farm, distribution network, trucks, pipelines and a whole sh*t load of permits. With some help from Wall Street we can probably get 90 day financing. Sorry, you are too late..... the guys that already had all of that are reaping all the profits...... re-read that thing about frugality.... proactiveness is number one..... Holding a big inventory of oil in your tank farm is not without risk and it takes massive investments in time and money to build the infrastructure. Not surprisingly, the people who make those investments expect to earn a profit once in a while. I haven't seen anyone suggesting earning a profit is illegal or immoral. Questions arise when those profits become synonymous with rip-off, and that's what the petrol industry is doing, ripping us off. How so? When US OilCo goes out and buys oil to make fuels...they need to buy it at what producers will sell it for. If you slugs will not pay for it, consumption is reduced and the price will stabilize. So pay, produce your own oil or walk. I might suggest walking, get the fat off the brain. -- I can assure you that the road to prosperity is not paved with fleabagger debt. |
Why gas is $5.00/gal
On 25/04/2011 6:52 AM, BAR wrote:
In article8tqdned7uv_i2ynQnZ2dnUVZ_q6dnZ2d@earthlink .com, payer3389 @mypacks.net says... Wayne B wrote: On Sun, 24 Apr 2011 08:36:48 -0400, Gene wrote: uh no. it's speculators. they caused a similar run up under the white guy who preceded the guy you hate because he's black Damn speculators. Why aren't more people doing it? Let's go halves on a tanker load and resell it on EBAY. Anybody else want in on the deal? We're going to need a dock, tank farm, distribution network, trucks, pipelines and a whole sh*t load of permits. With some help from Wall Street we can probably get 90 day financing. Sorry, you are too late..... the guys that already had all of that are reaping all the profits...... re-read that thing about frugality.... proactiveness is number one..... Holding a big inventory of oil in your tank farm is not without risk and it takes massive investments in time and money to build the infrastructure. Not surprisingly, the people who make those investments expect to earn a profit once in a while. I haven't seen anyone suggesting earning a profit is illegal or immoral. Questions arise when those profits become synonymous with rip-off, and that's what the petrol industry is doing, ripping us off. Where do you draw the line? When do profits become synonymous with rip- off? What happens if you find out that some other industry is not ripping you off but is over the line in profits? Don't forget who profits from oil and does the least. Government. On volume sold, government makes far more money than do oil companies. -- I can assure you that the road to prosperity is not paved with fleabagger debt. |
Why gas is $5.00/gal
On 25/04/2011 7:41 AM, Harryk wrote:
BAR wrote: They must have finally learned from the Union bookkeepers. How to raid a union pension fund and strike fund without going to jail. Once again, you are betraying your ignorance. *All* union pension fund officers have to be bonded. If there is a discrepancy in the pension funds, the bonding company has to make it good. As it does, it gets in contact with the prosecutors and pushes for criminal prosecution, and it usually gets its way. Further, because of the difficulty of being in full compliance with all the federal laws that pertain to pension funds, most union pension funds retain professional administrators to handle the money and agree on pension investments. These administrators are well aware of the many federal regulations that pertain to pension funds, and they don't want to go to jail, either. When you think of pension fund raiders, you should think of those corporations that never bothered to fund their pension liabilities and leave their retiring employees holding an empty bag. Or the corporations that go bankrupt and leave their pensioned employees and future pensioned employees holding an empty bag. All the union financial corruption in this country since the beginning of unions here is a drop in the bucket compared to the dollar value of corporate corruption and Wall Street corruption. Why do you think all the pension funds I have are in my name, in may account and under my control? I wish I could get back CPP-SS and say government, I will worry about myself thank you. But I never counted on government, so when/if it comes, it will be pocket change. Collect peoples money for 40 years then screw them -- from your own government. Of course pensions are corrupt. I knew than 40 years ago. -- I can assure you that the road to prosperity is not paved with fleabagger debt. |
Why gas is $5.00/gal
On 25/04/2011 8:27 AM, BAR wrote:
In articleZ8ydnbWCF5ea5yjQnZ2dnUVZ_sednZ2d@earthlink .com, payer3389 @mypacks.net says... BAR wrote: They must have finally learned from the Union bookkeepers. How to raid a union pension fund and strike fund without going to jail. Once again, you are betraying your ignorance. *All* union pension fund officers have to be bonded. If there is a discrepancy in the pension funds, the bonding company has to make it good. As it does, it gets in contact with the prosecutors and pushes for criminal prosecution, and it usually gets its way. Go tell it to someone who will believe you. Further, because of the difficulty of being in full compliance with all the federal laws that pertain to pension funds, most union pension funds retain professional administrators to handle the money and agree on pension investments. These administrators are well aware of the many federal regulations that pertain to pension funds, and they don't want to go to jail, either. Again, go tell it to someone who will believe you. When you think of pension fund raiders, you should think of those corporations that never bothered to fund their pension liabilities and leave their retiring employees holding an empty bag. Or the corporations that go bankrupt and leave their pensioned employees and future pensioned employees holding an empty bag. I haven't been covered by a pension plan since 1986. When that one closed down I used the money I received to start my IRA. Since then I have been funding my own retirement. All the union financial corruption in this country since the beginning of unions here is a drop in the bucket compared to the dollar value of corporate corruption and Wall Street corruption. Union corruption is notorious and rampant. http://nlpc.org/union-corruption-update Didn't do squat for NorTel, GMers, and others either. All those union dues for nothing. Just feeds the corruption. -- I can assure you that the road to prosperity is not paved with fleabagger debt. |
Why gas is $5.00/gal
On 24/04/2011 10:41 AM, Gene wrote:
On Sun, 24 Apr 2011 11:40:23 -0400, Wayne B wrote: On Sun, 24 Apr 2011 08:36:48 -0400, Gene wrote: uh no. it's speculators. they caused a similar run up under the white guy who preceded the guy you hate because he's black Damn speculators. Why aren't more people doing it? Let's go halves on a tanker load and resell it on EBAY. Anybody else want in on the deal? We're going to need a dock, tank farm, distribution network, trucks, pipelines and a whole sh*t load of permits. With some help from Wall Street we can probably get 90 day financing. Sorry, you are too late..... the guys that already had all of that are reaping all the profits...... re-read that thing about frugality.... proactiveness is number one..... Holding a big inventory of oil in your tank farm is not without risk and it takes massive investments in time and money to build the infrastructure. Not surprisingly, the people who make those investments expect to earn a profit once in a while. "A profit once in a while.....?" http://www.nytimes.com/2011/02/01/business/01oil.html http://www.grist.org/article/2010-04...ution-while-am http://money.cnn.com/2010/07/29/news...xxon/index.htm http://money.cnn.com/magazines/fortu...anies/profits/ The oil companies and speculators are almost single-handedly preventing an economic recovery.... and they are being paid handsomely to do so..... and you are DEFENDING that? Incredible..... So? Look at the market capitalization and the amount of money needed to poke a well to get the stuff. Hell, if someone invests $50 billion, provides tons of real wealth producing jobs and wants a $5 billion annual return....this is fair. One problem is current earnings are often not enough to justify further investment. -- I can assure you that the road to prosperity is not paved with fleabagger debt. |
Why gas is $5.00/gal
On 24/04/2011 5:14 PM, Harryk wrote:
Wayne B wrote: On Sun, 24 Apr 2011 12:41:35 -0400, Gene wrote: Holding a big inventory of oil in your tank farm is not without risk and it takes massive investments in time and money to build the infrastructure. Not surprisingly, the people who make those investments expect to earn a profit once in a while. "A profit once in a while.....?" http://www.nytimes.com/2011/02/01/business/01oil.html http://www.grist.org/article/2010-04...ution-while-am http://money.cnn.com/2010/07/29/news...xxon/index.htm http://money.cnn.com/magazines/fortu...anies/profits/ The oil companies and speculators are almost single-handedly preventing an economic recovery.... and they are being paid handsomely to do so..... and you are DEFENDING that? Incredible..... It's a very cyclical business and no one feels sorry for Exxon when they have stagnant growth, or even worse, when they fail to discover enough new oil to replace what they sold. Unfortunately that is what is happening. It is probably reasonable to assume that as their exploration and acquisition costs go up, and as their reserves go down, they will want a higher price for the product. In the interest of full disclosure, I own stock in both Exxon and Chevron-Texaco. Their annual reports make interesting reading and the future for energy prices is not good. Well, then, we should keep Exxon and Chevron in our prayers, so they can continue to rape us while paying you dividends. Hey, I invested, I deserve a return too. Like you, but my capital, it does not go to work for nothing. And nothing to stop you investing in your own country. Nothing at all, except yourself. Easier to whine and load yourself up with envy eh? Well, don't complain about being left behind fleabagger. -- I can assure you that the road to prosperity is not paved with fleabagger debt. |
Why gas is $5.00/gal
On 24/04/2011 7:14 PM, Harryk wrote:
Wayne B wrote: On Sun, 24 Apr 2011 20:39:41 -0400, Gene wrote: On Sun, 24 Apr 2011 18:25:30 -0400, Wayne B wrote: On Sun, 24 Apr 2011 12:41:35 -0400, Gene wrote: Holding a big inventory of oil in your tank farm is not without risk and it takes massive investments in time and money to build the infrastructure. Not surprisingly, the people who make those investments expect to earn a profit once in a while. "A profit once in a while.....?" http://www.nytimes.com/2011/02/01/business/01oil.html http://www.grist.org/article/2010-04...ution-while-am http://money.cnn.com/2010/07/29/news...xxon/index.htm http://money.cnn.com/magazines/fortu...anies/profits/ The oil companies and speculators are almost single-handedly preventing an economic recovery.... and they are being paid handsomely to do so..... and you are DEFENDING that? Incredible..... It's a very cyclical business and no one feels sorry for Exxon when they have stagnant growth, or even worse, when they fail to discover enough new oil to replace what they sold. Unfortunately that is what is happening. It is probably reasonable to assume that as their exploration and acquisition costs go up, and as their reserves go down, they will want a higher price for the product. In the interest of full disclosure, I own stock in both Exxon and Chevron-Texaco. Their annual reports make interesting reading and the future for energy prices is not good. Somehow, you are missing the reality that when Exxon loses money, the stockholders are ****ed..... when Exxon continues to make record profits in an otherwise miserable economy, they are sticking it to all of the users of gasoline.... one way or the other, the entire American population.... and to the entire American economy.... Let's not forget that they are entitled to make a profit no matter how miserable the economy might be. Their costs are going up, way up. Our cost will go up also. The dollar continues to depreciate. That's a result of our fiscal policies and upside down balance of payments. A strong dollar would result in cheaper oil, and that is what we've been used to in the past. That's what, the fourth excuse Wayne has come up with the justify the rape of Americans by the oil companies. You greedy, needy, low life fleabaggers don't get it. Oil companies are not ripping you off, your own government is. Toilet paper money has less value this week. Been that way since government/banks left gold standard in 1914. Just now, government is broke, and prints money like toilet paper. You didn't think government could just print money for nothing and no cost increases? Are you that stupid? I guess so. -- I can assure you that the road to prosperity is not paved with fleabagger debt. |
Why gas is $5.00/gal
In article ,
says... On 25/04/2011 8:27 AM, BAR wrote: In articleZ8ydnbWCF5ea5yjQnZ2dnUVZ_sednZ2d@earthlink .com, payer3389 @mypacks.net says... BAR wrote: They must have finally learned from the Union bookkeepers. How to raid a union pension fund and strike fund without going to jail. Once again, you are betraying your ignorance. *All* union pension fund officers have to be bonded. If there is a discrepancy in the pension funds, the bonding company has to make it good. As it does, it gets in contact with the prosecutors and pushes for criminal prosecution, and it usually gets its way. Go tell it to someone who will believe you. Further, because of the difficulty of being in full compliance with all the federal laws that pertain to pension funds, most union pension funds retain professional administrators to handle the money and agree on pension investments. These administrators are well aware of the many federal regulations that pertain to pension funds, and they don't want to go to jail, either. Again, go tell it to someone who will believe you. When you think of pension fund raiders, you should think of those corporations that never bothered to fund their pension liabilities and leave their retiring employees holding an empty bag. Or the corporations that go bankrupt and leave their pensioned employees and future pensioned employees holding an empty bag. I haven't been covered by a pension plan since 1986. When that one closed down I used the money I received to start my IRA. Since then I have been funding my own retirement. All the union financial corruption in this country since the beginning of unions here is a drop in the bucket compared to the dollar value of corporate corruption and Wall Street corruption. Union corruption is notorious and rampant. http://nlpc.org/union-corruption-update Didn't do squat for NorTel, GMers, and others either. All those union dues for nothing. Just feeds the corruption. Didn't do anything for Finast either, except bleed them till they sold to a non-union outfit out of Canada... Didn't do anything for Pratt and Whitney, or dozens of other CT companies either... On the way to dismantling the grocery industry here, they made a bunch on the whole "Sure Fine" sugar company (stop and shop) too... -- Team Rowdy Mouse, Banned from the Mall for life! |
Why gas is $5.00/gal
On 25/04/2011 7:06 AM, BAR wrote:
In articleS4OdnUsyCedBVynQnZ2dnUVZ_sqdnZ2d@earthlink .com, payer3389 @mypacks.net says... Let's not forget that they are entitled to make a profit no matter how miserable the economy might be. Their costs are going up, way up. Our cost will go up also. The dollar continues to depreciate. That's a result of our fiscal policies and upside down balance of payments. A strong dollar would result in cheaper oil, and that is what we've been used to in the past. That's what, the fourth excuse Wayne has come up with the justify the rape of Americans by the oil companies. Your inability to comprehend basic business concepts is sad, very sad. I hope your twin diesels run on french fry oil. For HarryK it is easier to whine a lot. -- I can assure you that the road to prosperity is not paved with fleabagger debt. |
Why gas is $5.00/gal
On 25/04/2011 4:18 AM, Harryk wrote:
Gene wrote: On Sun, 24 Apr 2011 21:05:44 -0400, Wayne B wrote: On Sun, 24 Apr 2011 20:39:41 -0400, Gene wrote: On Sun, 24 Apr 2011 18:25:30 -0400, Wayne B wrote: On Sun, 24 Apr 2011 12:41:35 -0400, Gene wrote: Holding a big inventory of oil in your tank farm is not without risk and it takes massive investments in time and money to build the infrastructure. Not surprisingly, the people who make those investments expect to earn a profit once in a while. "A profit once in a while.....?" http://www.nytimes.com/2011/02/01/business/01oil.html http://www.grist.org/article/2010-04...ution-while-am http://money.cnn.com/2010/07/29/news...xxon/index.htm http://money.cnn.com/magazines/fortu...anies/profits/ The oil companies and speculators are almost single-handedly preventing an economic recovery.... and they are being paid handsomely to do so..... and you are DEFENDING that? Incredible..... It's a very cyclical business and no one feels sorry for Exxon when they have stagnant growth, or even worse, when they fail to discover enough new oil to replace what they sold. Unfortunately that is what is happening. It is probably reasonable to assume that as their exploration and acquisition costs go up, and as their reserves go down, they will want a higher price for the product. In the interest of full disclosure, I own stock in both Exxon and Chevron-Texaco. Their annual reports make interesting reading and the future for energy prices is not good. Somehow, you are missing the reality that when Exxon loses money, the stockholders are ****ed..... when Exxon continues to make record profits in an otherwise miserable economy, they are sticking it to all of the users of gasoline.... one way or the other, the entire American population.... and to the entire American economy.... Let's not forget that they are entitled to make a profit no matter how miserable the economy might be. Their costs are going up, way up. Our cost will go up also. The dollar continues to depreciate. That's a result of our fiscal policies and upside down balance of payments. A strong dollar would result in cheaper oil, and that is what we've been used to in the past. Corporations are not, like any individual, entitled to commit treason with impunity.... no matter how important profit is, to some self centered investors... How unAmerican of you, Gene! :) Don't you believe in corporations über alles? I believe we need to "restructure" certain aspects of our society, and part of that restructuring should be how we handle leases to explore and drill for oil and natural gas. There's nothing sacred about for-profit corporations. That model isn't working anymore for us. It's milking the middle class dry and accelerating the transfer of wealth to the very rich. There are any number of oil-producing countries in which ownership of that asset is retained by the state, and the revenues used to finance the government. The problem here is that Americans have been brainwashed into thinking the price-fixing, for-profit private sector that dominates the energy business is the only way to do that sort of business. As long as you envious, greedy, needy fleabaggers give us the freedom to pursue the system that has provided the best for the most people on the planet to date... Not all of us want to give up our liberty (including economic liberty) so you selfish bast-ards can rape up. Trouble is flebaggers like you screwed up so bad your now needy and greedy. You might be willing to surrender your freedom to big fat government but I for one am not. I am probably more American than you are. -- I can assure you that the road to prosperity is not paved with fleabagger debt. |
| All times are GMT +1. The time now is 01:51 AM. |
Powered by vBulletin® Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Copyright ©2004 - 2014 BoatBanter.com