"DSK" wrote in message
...
Chuck Gould wrote:

Driving back to the office, I could swear I just heard the radio
newsdude say that Exxon made about $10 billion in net profits during
the last 90 days.

If that's the case, then I have to agree with the apologists that the
outrageous cost to fuel my boat is all based upon "supply and
demand"......

as in "We monopolize the supply, and we hereby demand....." :-)


It *is* all about supply & demand. If the prices were high enough that
people would buy less of it, then they wouldn't be making record profits,
would they?

Right now the oil companies are experimenting to see just how high they
can push the prices before sales go down. After all, they know they won't
be in this business forever even if some right-wingnuts think so.

Shucks, prices aren't even high enough that people drive a little slower.
Just a short while ago I was doing 75 in a 55 zone and getting run down by
a steady stream of SUVs with one person in them. Every single one of those
drivers, if asked, would probably complain heartily about the price of
gas... but they're not *doing* anything about it.

DSK


So, was not just SUV's speeding. How many in your speeding vehicle? Oil
makes about 16% profit. Citigroup about 34%. You want to make money, build
a refinery and acquire crude and sell it for less money than the
competitors. You will be rolling in the moola, as you will have most of the
energy business. But to get the crude, you have to rent a deep water
drilling rig for $400k a day. Big bets, should get a good profit on wins.

... Every single one of those
drivers, if asked, would probably complain heartily about the price of
gas... but they're not *doing* anything about it.



Calif Bill wrote:
So, was not just SUV's speeding.

Gee, talk about missing the point...

... Oil
makes about 16% profit. Citigroup about 34%. You want to make money, build
a refinery and acquire crude and sell it for less money than the
competitors.

Can't do that the enviro-whackoes would shut it down! Or
(more realistically) one of the big oil companies would buy
it up & keep it out of production, they're not fools.

The funny thing is that refining has been the least
profitable sector of the industry for 18 out of the last 20
years. A sudden shift in the economics of the oil bid'ness
and bingo! ...you hear all the nuts popping out of the woodwork.


... But to get the crude, you have to rent a deep water
drilling rig for $400k a day. Big bets, should get a good profit on wins.


??? You can buy it on the open market and have it delivered
to your terminal.

DSK

"DSK" wrote in message
. ..
... Every single one of those drivers, if asked, would probably complain
heartily about the price of gas... but they're not *doing* anything about
it.



Calif Bill wrote:
So, was not just SUV's speeding.

Gee, talk about missing the point...

talk about missing the point. Or is it only SUV's that are bad while
speeding?


... Oil makes about 16% profit. Citigroup about 34%. You want to make
money, build a refinery and acquire crude and sell it for less money than
the competitors.

Can't do that the enviro-whackoes would shut it down! Or (more
realistically) one of the big oil companies would buy it up & keep it out
of production, they're not fools.

The funny thing is that refining has been the least profitable sector of
the industry for 18 out of the last 20 years. A sudden shift in the
economics of the oil bid'ness and bingo! ...you hear all the nuts popping
out of the woodwork.


... But to get the crude, you have to rent a deep water drilling rig for
$400k a day. Big bets, should get a good profit on wins.

??? You can buy it on the open market and have it delivered to your
terminal.


And how much a barrel will you be paying?

DSK

Calif Bill wrote:

So, was not just SUV's speeding. How many in your speeding vehicle? Oil
makes about 16% profit. Citigroup about 34%.


Horse****!! How would Citigroup make a 34% profit when their interest
rates aren't even that high?????? Let alone their operating expenses!

"basskisser" wrote in message
oups.com...

Calif Bill wrote:

So, was not just SUV's speeding. How many in your speeding vehicle? Oil
makes about 16% profit. Citigroup about 34%.


Horse****!! How would Citigroup make a 34% profit when their interest
rates aren't even that high?????? Let alone their operating expenses!

LOL. You really are clueless.

"NOYB" wrote in message
nk.net...

"basskisser" wrote in message
oups.com...

Calif Bill wrote:

So, was not just SUV's speeding. How many in your speeding vehicle?
Oil
makes about 16% profit. Citigroup about 34%.


Horse****!! How would Citigroup make a 34% profit when their interest
rates aren't even that high?????? Let alone their operating expenses!

LOL. You really are clueless.


Their interest rates aren't 18.8% either, but that's what the company
reports as its net profit margin:

http://tinyurl.com/l4b9x

"NOYB" wrote in message
nk.net...

"basskisser" wrote in message
oups.com...

Calif Bill wrote:

So, was not just SUV's speeding. How many in your speeding vehicle?
Oil
makes about 16% profit. Citigroup about 34%.


Horse****!! How would Citigroup make a 34% profit when their interest
rates aren't even that high?????? Let alone their operating expenses!

LOL. You really are clueless.


Exxon Mobil's net profit margin is 11%:

http://moneycentral.msn.com/investor...ymbol=US%3AXOM

Citigroup's net profit margin is 18.8%. Must be that strong economy again.

NOYB wrote:
"basskisser" wrote in message
oups.com...

Calif Bill wrote:

So, was not just SUV's speeding. How many in your speeding vehicle? Oil
makes about 16% profit. Citigroup about 34%.


Horse****!! How would Citigroup make a 34% profit when their interest
rates aren't even that high?????? Let alone their operating expenses!

LOL. You really are clueless.

Well, then SHOW ME where Citigroup has made 34% profit.

"basskisser" wrote in message
oups.com...

NOYB wrote:
"basskisser" wrote in message
oups.com...

Calif Bill wrote:

So, was not just SUV's speeding. How many in your speeding vehicle?
Oil
makes about 16% profit. Citigroup about 34%.


Horse****!! How would Citigroup make a 34% profit when their interest
rates aren't even that high?????? Let alone their operating expenses!

LOL. You really are clueless.

Well, then SHOW ME where Citigroup has made 34% profit.

They made 18.8% profit. But that's beside the point. You stated that
"their interest rates aren't even that high"...implying that they could earn
a profit that was only as high as their interest rate (whatever that is).

This shows ignorance on multi-levels.

There is an enormous range in Citigroup's lending rates. There is no such
thing as "their interest rate".

Citigroup's profits are derived from a much larger pool of revenues than
just the money they take in from their lending practices.

"NOYB" wrote in message
ink.net...

"basskisser" wrote in message
oups.com...

NOYB wrote:
"basskisser" wrote in message
oups.com...

Calif Bill wrote:

So, was not just SUV's speeding. How many in your speeding vehicle?
Oil
makes about 16% profit. Citigroup about 34%.


Horse****!! How would Citigroup make a 34% profit when their interest
rates aren't even that high?????? Let alone their operating expenses!

LOL. You really are clueless.

Well, then SHOW ME where Citigroup has made 34% profit.

They made 18.8% profit. But that's beside the point. You stated that
"their interest rates aren't even that high"...implying that they could
earn a profit that was only as high as their interest rate (whatever that
is).

This shows ignorance on multi-levels.

Surprise surprise


There is an enormous range in Citigroup's lending rates. There is no such
thing as "their interest rate".

Citigroup's profits are derived from a much larger pool of revenues than
just the money they take in from their lending practices.