Exxon caught red handed raping the public!!!!!!

[RGardner]

Interesting thread. I am sure that there is truth on both sides of the fence but here are some things that I do know. The american farmer cannot raise his prices. They take what the market will give them. It is the only industry that I know of that buys retail on everything and sells wholesale or below. This cost of fuel is a killer for farmers and I don't know where it will stop. At the current rate, we will see larger coporate farms becoming the norm rather than the exception, then the food pricing structure will change. I am not sure of the exact figures today but the farmers part of a $1. 50 loaf of bread is around 7 cents. A fat steer this week is worth about 80 cents a pound. The american farmer's return on capital invested in way smaller than big oil's. So in no way do I feel sorry for big oil. I think that many on this board should look back in time to the story of Standard Oil in the early days of the oil and gas industry and see if there might be any similarities.

 

[JUeckert]

lots of valid points on here. i agree that america does need to be more dependent on it's own oil and less on foriegn. that would allow for lower prices[to a degree],and more jobs for many. last i heard supply was up and demand was down somewhat,but with the summer season fast approaching thats liable to change. still seems strange that the price swings were not so broad or as frequent as little as two years ago.

 

[john3976]

OK guys... . no one touched one of my comments... .



So I'll ask again... . Why is it that 3 stations in my area were shut down because their fuel prices were to low? The State shut them down.



I'm by no means applauding the big oil companies. But I am saying, that in the System our country provides, they are doing very well.



We complain about gas prices..... How about you go ask the Europeans how they like their gas prices?!



$4. 00 a LETRE! Could it be the "profits" the Oil companies are seeing are comming from over seas?



Think about this in a GLOBAL way, not just your county, or state. These companies, while some are based here in the US, are world wide companies.



Josh

About the state mandating minimum cost is nothing more then crooked elected officials who got some kind of pay off for setting up that law to protect the oil company's.



Now on to your statement about the cost of fuel in Europe, the reason for their overly high cost above the profit gouging of the oil companies, is because of taxes. There fuel costs no more then ours does, but they are taxed to death. Now when our fuel equals their prices remember that their reason is due to taxes in the area of 3 and 4 dollars, in our case it will be because of Big Oil Profiting on the backs of Americans once again because our fuel taxes are no where near what they are overseas.

 

[BigPapa]

Here's your supply, where's the shortage?



Scott

 

[john3976]

lots of valid points on here. i agree that america does need to be more dependent on it's own oil and less on foriegn. that would allow for lower prices[to a degree],and more jobs for many. last i heard supply was up and demand was down somewhat,but with the summer season fast approaching thats liable to change. still seems strange that the price swings were not so broad or as frequent as little as two years ago.

The oil company's used the hurricanes as their excuse, but instead of going back to normal, they have continued their game and found out that our spineless government will not touch them and they have now become extra bold in their profit taking from working class America.



There is a large reserve of fuel and oil at all times, yet to listen to the oil company's there is no extra fuel at all.



I have read of the reserve being in the area of over 300 million gallons of gas, now for a small interruption there should be no price hikes as the reserve would handle it without any problems.

 

[john3976]

Here's your supply, where's the shortage?



Scott

There is no shortage, never has been a shortage, the fake oil shortage in the early 1970's proved to be false.



This so called oil shortage in the mid 2000's is just as false.



There is enough oil to last several life times on this planet. In fact it has been reported that earth even replenishes it self. I don't know about you but there would have to be several million dinosaurs dying in the same spot to make oil reserves as big as have been found.



I some how don't think that many dinosaurs could have died in the exact same spot over and over.

 

[Champane Flight]

Spoiled

I think the US public has been spoiled all these years by cheap fuel, when the demand for cleaner fuels, middle east crisis, and natural disasters hit home all at once, everyone started to whine. . We are still the lowest price on earth, except for a few middle eastern countrys (one that is subsidized by US). Time to quit bellyaching and tighten the belts, the kids can walk to soccer practice, take a couple less trips to Wal-mart, and drive the VW instead of the Dodge. It is a supply and demand system no matter what you think. I could garrantee a price drop if everyone ceased to buy fuel for JUST one day, twenty four hours... .

 

[Coolslice]

All BS aside, I'd be a much happier man if the oil companies would ADMIT they are screwing us. I don't so much care about paying high gas prices as I do knowing I'm being lied to.

 

[RGardner]

What you are saying is that you would at least like to be kissed first?

 

[zmpm1]

GOM Oil & Gas Production

I can guarantee there is still infrastructure in the Gulf of Mexico that is down today and will be for a while due to Hurricane Katrina and Rita that supports billion dollar projects that are just waiting to come back on and produce oil and gas there is also 15% of the gulf of mexico shelf propertys (shallow water less than 400 feet) that are waiting on repairs to come back on. Due you think losing this oil and gas production might have a Impact on supplies?

 

[Donn]

I guess you should become an oil executive, or better yet start your own oil refinery. Or wait, even better still, sit around, and complain about it.

Yep that it right no one deserves that much money, (unless it it me, then i know i am worth it) meanwhile lets just boo hoo about it or mabey get a ten speed. or we could just ride a camel

 

[Gary - K7GLD]

Funny - Exxon charges $2. 75 for a gallon of diesel - and pays a top executive a 400 million dollar retirement package - and Exxon is branded as a "rapist" - yet competing companies charge the SAME rate at the pump, but no big pay reported for executives, and no one points fingers at them?



Supply/demand? Yup, and it's our government in full cooperation and approval with the foreign oil companies and suppliers. Develop an alternative energy source that totally replaces oil, and all that crude oil that simply "had" to be priced so high to the end consumer because of various "production costs" would drop like a Rock overnight - and the suppliers would STILL be getting rich off of the profits...



We're being had - but oil exec bonuses isn't even on the viewscreen of REAL issues...

 

[TurboTweaker]

this is pretty sad. i happen to work for a company that makes refining products for exxon. i weld some of there stuff for weeks on end. and its alwasy a rush job. but the stuff we do for the AG area is always on the back burner. so whats that tell you farming on the back burner and oil is #1 job. hmmmm its just rubs me the wrong way because im a 3rd gen farmer and its getting down to the nitty gritty. my road that i grew up on use to have 9 farms and now were the last one. all of the farms are developed and the poeple all drive SUV's and other gass guzzling things. makes me sick. and i hear you poeple about the farmer rasing his prices, WE CANT! if we held out the government would start its own farms and tehn we'd be left in the cold. As far as Josh Peters coment about the 3 stations that are shut down i drive past them from time to time and they are never open. it makes it clear that you can sell it cheaper and still make a profit but if big is good bigger is better. im gonna stop befor i get knocked off my soapbox.



The Fat Kid

Andy

 

[FATCAT]

If the shareholders of Exxon/Mobil agree to it, then who are we to criticize?



I don't like it when people say someone should not make $X. A statement like that suggests that some entity should set compensation amounts ... like the federal gov't I think your eluding too.



If the shareholders of Exxon/Mobil are stupid enough to shell out this package, then so what.



I don't buy E/M products. My money is not part of his retirement package.



I'm tired of politicians trying to grand-stand on these issues ... the politicians are really trying to make a point that THEY should be setting price and wages across the country.



If you don't like the package deal, don't patronize the company.

 

[Rebel Ram]

I don't buy E/M products. My money is not part of his retirement package.

Sorry. If you buy fuel,,, You buy Exxon. Maybe not every time, But some times. Count on it.

 

[EEdmondson]

What you are saying is that you would at least like to be kissed first?

:-laf :-laf :-laf

 

[Tony T.]

What you are saying is that you would at least like to be kissed first?

At least a little foreplay.



Tony

 

[JUeckert]

The oil company's used the hurricanes as their excuse, but instead of going back to normal, they have continued their game and found out that our spineless government will not touch them and they have now become extra bold in their profit taking from working class America.



There is a large reserve of fuel and oil at all times, yet to listen to the oil company's there is no extra fuel at all.



I have read of the reserve being in the area of over 300 million gallons of gas, now for a small interruption there should be no price hikes as the reserve would handle it without any problems.

i think you hit the nail on the head,our government wont stop them from playing this game,there getting away with it,so why stop. bunch of lame axx excuses,like someone said,i would be happier if they just come out and admit it. i could understand the up swing during the hurricanes,but prices even higher 7 months latter when there is less demand,and production is back up. i think besides cutting consumption,[which i have done,and i konw many others who have also]people should ban together and maybe boycott one particular brand. seems like the only thing that would be effective. either that or just shut the country down for a day or two like back in the 70's. dont really see america doing that though. somethings got to give,i see the long term effects happening in the near future. .

 

[AMink]

I don't understand this... in the fall, California, and Nevada by default, adds stuff to the gas to make it burn cleaner during the winter months. Price goes up. In the spring, they take it back out again. Price goes up. Just leave the damn stuff in there and quit bumping 10 cents twice per year.

 

[EEdmondson]

There's an email going around to boycott ExxonMobil until they lower their price to $1. 50/gal. I guess I won't buy anymore Mobil 1 for my differentials. I don't know who supplies the Rotten Robbie's and USA stations that I use most often.