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....

Gene, do you not think the drop in value of the dollar has had any affect on oil prices?

Is it a coincidence that oil and gold are both hitting new highs?

Has Obama had any affect on the value of the dollar?

Remember...without corporations, there would be no unions. Then where would all the liberal whining
come from?

Oh wait, I suppose even a socialist government *could* allow unions.

In article ,
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.

In article ,
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.

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 isn't incredible when you actually look at the numbers.

What you have to do is get past the increase of 53% at the beginning of
the first cite. If I made 5% profit and it increased by 53% the next
quarter then the next quarter I only made 7.5% profit.

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.

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.

On 4/22/2011 2:31 PM, Frogwatch wrote:
Of course Obama blames "speculators" because that is ALWAYS the reason
why gas costs anything. It is a bit like saying the sky is blue
because it bluish colored. However, what Obama actually means is that
in this context, "speculators" is a code word for "reaql

Are you sure "reaql" isn't a code word for "speculators"?

Gas is approaching $5.00 per gallon because supplies are tight and
demand is high. That's the reason.

On 25/04/2011 5:12 PM, 678.714.5764 wrote:
On 4/22/2011 2:31 PM, Frogwatch wrote:
Of course Obama blames "speculators" because that is ALWAYS the reason
why gas costs anything. It is a bit like saying the sky is blue
because it bluish colored. However, what Obama actually means is that
in this context, "speculators" is a code word for "reaql

Are you sure "reaql" isn't a code word for "speculators"?

Gas is approaching $5.00 per gallon because supplies are tight and
demand is high. That's the reason.

True, for every American that can no longer afford the second car, or
even the first one, you have a India or Chinese buying them. Remember
it is just in this last year Chinese buy more autos than do Americans
and the trend is set to continue for the next decade at least. So net
consumption is up, not down. It is what makes this depression different.

Fleabaggers in their envy and greed may want cheap oil, but they will
not get it again. Thy vote for the same policies that cause currency
inflation and expect reality will not come back with a bite.

Fleabaggers are irrational.

--
I can assure you that the road to prosperity is not paved with
fleabagger debt.

On 22/04/2011 3:31 PM, Frogwatch wrote:
Of course Obama blames "speculators" because that is ALWAYS the reason
why gas costs anything. It is a bit like saying the sky is blue
because it bluish colored. However, what Obama actually means is that
in this context, "speculators" is a code word for "reaql

Obama knows the US Fed is devaluing the currency -- then he wants full
value for the buck? Man is a welsher. Be like I said O would pay $5
but show up with $4.

Idiot.

Birthers might be right too, saw his birth certificate he just released,
pulled out mine given it be from the same decade and one flaw stood out
plain as day.

That is not an original.

--
I can assure you that the road to prosperity is not paved with
fleabagger debt.

Canuck57 wrote:

Birthers might be right too, saw his birth certificate he just released,
pulled out mine given it be from the same decade and one flaw stood out
plain as day.

That is not an original.


What "flaw" was that?

On 27/04/2011 11:00 AM, Harryk wrote:
Canuck57 wrote:

Birthers might be right too, saw his birth certificate he just released,
pulled out mine given it be from the same decade and one flaw stood out
plain as day.

That is not an original.


What "flaw" was that?

Pull out yours and compare.

--
I can assure you that the road to prosperity is not paved with
fleabagger debt.