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.

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.

On Sun, 24 Apr 2011 21:14:03 -0400, Harryk
wrote:

That's what, the fourth excuse Wayne has come up with the justify the
rape of Americans by the oil companies.

Sorry if I confused you with the facts.

Bottom line: You can't buy cheap oil with a weak dollar.

Scarce resources cost more.

He who has the gold makes the rules - same with
oil.

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.

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.

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.

"Wayne B" wrote in message
...

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.


Reply:
Chevron bought Texaco when the oil companies were getting about a 2% return
overall. No one except us stockholders were crying the blues about the poor
oil companies. Is why Texaco went up for sale. I own both Exxon and
Chevron also, and they have been good to wife and I. Not as good as Altria,
but since I figure oil, health and sin will always be profitable, helps with
the retirement. Chevron was getting about a 12% return at the same time
Citigroup was exploiting the masses and the government and returning 35% to
profit margin.

"Wayne B" wrote in message


Let's not forget that they are entitled to make a profit no matter how
miserable the economy might be.

- - -

Whoa...they're "entitled" to make a profit?
Wow...oil company entitlements.

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...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...

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?

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...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...

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.