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

[Diesel Nut]

I agree - its a 2 sided blade. Pay out the ***** at the pump, then pay out the ***** when everything goes up in price. Fuel has tripled in price in the last 7 years. Whose salary has tripled in the last 7 years? whose has doubled in that time? Wages stay the same but fuel and commodity prices go up. Hmmm. I'm no economist but I don't see this being good for the consumer at all.

 

[Champane Flight]

Formulated fuels, cleaner energy

ALL oil companys are facing government regulations for cleaner ultra low sulfer diesel, formulated gasolines (with no sulfer), the cost of removing the sulfer, blending these fuels, and shipping is something we all will have to deal with. Europe is paying approx five dollars a gallon, you now know where the price is going. A wise man once said "If you have to ask of the mileage on a vehicle, then you probably cannot afford to pay for the fuel". It is time to move closer to your jobs, figure out how you can cut back on driving, and even get that biodiesel plant going. All the bellyaching on profits of CEOs is not going to bring the prices down, or lower your fuel bill.



At least big oil is paying its own way, unlike the railroad, the airlines, and others. It supports a wide base of people, anyone who has been near a refinery take a look at all the businesses that are getting paid by big oil. They at least are paying their way and others. Take a look at the law industry, they are feeding off the bottom, sucking the system dry. . :-laf

 

[john3976]

Champane Flight Posted: Europe is paying approx five dollars a gallon, you now know where the price is going.



Ah but the big difference is Europe is that high solely due to over taxing their people at the pump. Gas costs are pretty much in line across the world, so if we end up paying the same price as Europe it will be because Big Oil decided that they want want to rip off the American public even worse then they do now.



If you compare our fuel taxes on each gallon to Europe's for each gallon you then understand why Europe pays the price they do.



Further with the Big Oil companies making record profits and giving out 400 million pensions, that tells me that they could lower the price of fuel a considerable amount and still make a very nice profit. Would a one million pension or two million pension have not been reasonable, heck 99% of America will never see a pension given to them in the one to two million dollar range let a lone one of 400 million dollars.



What Exxon did was slap every hard working American in the face, they make record profits and then they rub our nose in it by handing out 400 million dollar pensions.

 

[RGardner]

Here is another thing that Exxon will not do with any of there record profits, they will not clean up any of their well sites or maintain a road going into them. I am not a tree hugger by any means but I am about ready to start promoting this to the tree huggers. I own land that has several Exxon well on it (and no I do not own the minerals so no royalty payments here) and the road have been flat bladed for so long that you cannot cross them. The are so deep that you could hide a full size office desk in them. The well sites are littered with abandoned tanks, valves, etc.

 

[JUeckert]

We end up paying twice, first we pay at the pump for Big Oils greed, then we get hit a second time with other products we buy due to all the other companies having to pass on their increased costs to us the American public.

this is the part my friend that many dont understand or recognise. it's only a few dollars more to fill up quit complaining. well a few turn in to a few more and so on,then that expense is funneled in to other products. dont take long for the man bringing home 350. 00 bucks a week to realise he's not gonna make it. thats ok i guess thats just one more that can figure out a way to get on wellfare. people somethings gotta give!

 

[john3976]

this is the part my friend that many dont understand or recognise. it's only a few dollars more to fill up quit complaining. well a few turn in to a few more and so on,then that expense is funneled in to other products. dont take long for the man bringing home 350. 00 bucks a week to realise he's not gonna make it. thats ok i guess thats just one more that can figure out a way to get on wellfare. people somethings gotta give!

AMEN!



You just hit the nail on the head, now if only a few of the big oil supporters would just get hit on the head to jar some common since into them we would all be better off.

 

[PKitzman]

Here is a point to ponder...



ALL the refineries in the US (and worldwide) are running balls-to-the-wall making every last drop of fuel that they can. IF you want to drop the cost of fuel say $1/gal across the entire US what do you think will happen to the supply?



The refineries are already making every drop that they can and the rest of the country all of a sudden increases their usage by 10% because of the "cheap" fuel. My friend, the "reserves" of fuel would be gone in a heartbeat and the consumption of fuel would be limited by how long YOU & your other bellyaching friends would want to stand in line at the pump.



The $3/gal price tag on the fuel IS a necessity or you WILL be standing in line at the pump.



I would personally like to see the tax on fuel comparable to the europe. I know you are trying to get your heart started again, but think about it a little. If the tax can be structured so that the extra government income from the fuel tax is offset by lower income tax, property taxes, etc... then there is no extra cost out of packet from the average person. The fuel price jumps to $5/gallon and then the usage takes a dramatic drop. How does it drop?? People will car pool, buy hybrids, check their tire pressure, combine trips into the city, take the bus, etc... all the things that people are starting to do now at $3/gallon will be done exponentially.



This will never happen here because US citizens want their "cheap" fuel and gas guzzling SUV's and trucks. I find it ironic that people on THIS forum are *****ing about fuel prices. If you want to gripe about fuel sell your CTD and your travel trailer or fifth wheel and buy a hybrid that gets 40 - 60 mpg... that will cut your fuel consumption in half or better.



As one of the other post mentioned, you haven't seen anything yet. Oil is pushing $70/barrel and will be there in the very near future. The middle east is about to see some MORE military action (Iran's nuclear program will require a big stick to remedy... and that is what it will take).



I don't know if this link will work for you or not, but the 3 year trend on crude oil prices is a nice steady upward climb. By the end of this year we will be at $80/barrel. (If not sooner... )



http://www.tucsongasprices.com/retail_price_chart.aspx



I don't like seeing CEO's getting huge payments and I don't like seeing oil companys making billions, but the ONLY way YOU are going to do anything about it is by: 1) Consuming less oil/fuel 2) Influencing the politics to force others in the US to consume less oil/fuel 3) Consume biofuels instead of petro based fuels (and consume as little of these as possible as well since they are a direct substitute for petro fuels).

 

[nps]

If the tax can be structured so that the extra government income from the fuel tax is offset by lower income tax, property taxes, etc... then there is no extra cost out of packet from the average person.

Yeah, right. You really believe this? Show me one govt revenue stream that has reduced or eliminated an existing stream. What would happen in this event is new programs would be sponsored to consume the new fuel tax windfall.



So what you are really saying is we need more refining capacity. I agree. I'd also love to be able to buy some bio. Maybe Exxon could put some of their profits toward making that possible.

 

[RGardner]

The other flaw in that situation is for the poor joe that has to drive, no public transit, long distance to work, equals unfair taxation!

 

[MCummings]

Because he provides a luxury, not a necessity

I don't think he provides a luxury anymore... . Just like Fuel WAS a luxury back in the late 1800's, and is not anymore. A Computer WAS a luxury in the 1980's, but not anymore...





It's economics, and don't forget, about half of what you pay at the pump is going to the very government that you are asking for help.



60MPG cars? That's not the American dream...



Does Exxon make a boat load of money? Yes. Why not compete with them, and we can all band together, make our own Exxon Jr. and make Millions of dollars a year? I bet when your pension of 1-2 million dollars comes in, you won't be complaining of having too much money. However, your neighbor will be complaining of you having too much money.





It's government that got us into the predicament, and I don't think it is government that will be getting us out...



If we could drill more wells, and build more refineries, the price of fuel would go down, but we are so restricted by the government that building more supply, is not going to happen by the very government that you want help from.



Why do WalMart's prices keep going down? Because the demand is high, the competition exsists, and the supply is bottomless,, unlike our U. S. crude oil... Let us drill, let us refine, let us stock up!





That's my $. 02



Merrick

 

[JHerr]

Wow, this thread is hot! I can only imagine what it is like on forums that cater to Big V8 Gassers. Those guys are probably reduced to tears.



Yes, diesel is $3. 00 a gallon. Do I like it? No. When diesel prices escalated to $1. 80 nearly two years ago, I tired of filling my Ram with liquid gold. So, I decided to buy an old Rabbit diesel and commute to work in luxury. The Rabbit paid for itself in one year's commuting... only one year's commuting! Unfortunately, I did not figure the price paid for humility in my equation.



Now that diesel is $3. 00 a gallon I am tempted to make an obscene profit by selling my old Rabbit diesel for several times what I paid for it. Have you seen the prices that Rabbit diesels bring on eBay, lately?



By the way, I am not planning on sharing my "profits" with the American public. Sorry guys.

 

[Heavyweight]

I feel for the fat faced greedy basturd. They should have gave him 1 billion, that way, his self esteem will not be shattered for not being on the Forbes big list. Gas only went up 10 cents this week, we are lucky and should be thanking big oil for there generosity. Maybe they can raise fuel prices to $4. 00, that way the next CEO will maybe reach 1 billion in retirement. Also, the jowled challanged man, is getting a pension, because he will be pinching pennies. Also an armed security detail, that way, law abiding citizens will not come and burn his 20,000 square foot mansion to the ground!

 

[EEdmondson]

"his $51. 1 million paycheck in 2005. That's equivalent to $141,000 a day, nearly $6,000 an hour. "

Forget his grossly obscene retirement. Compare your pay to his 2005 salary. How many years does it take you to make what he makes in a year, month, week, or day? I was p***** in the '80s when my ceo made 30 times what I did. It would take me 30 years to make what my ceo made in one year.

That was nothing compared to what's happening today. Say you make $100k/year, it would take 511 years to make $51. 1m.

 

[PKitzman]

I know the amount of money they paid that dude is hard to comprehend, but don't you think they had a good reason? Maybe Exxon figured they had too much money so they should just give some of it away?



Wether Exxon gives the money to the retired fat cat or give it to the share holders they are not going to give it back to any of us or give you a break at the pump. They will continue to charge as much as they can... which by the way is what the market will bare (that supply and demand stuff) and continue to make a killing. It is a pretty good time to be in the refining business. (Wish I was... )

 

[john3976]

I know the amount of money they paid that dude is hard to comprehend, but don't you think they had a good reason? Maybe Exxon figured they had too much money so they should just give some of it away?



Wether Exxon gives the money to the retired fat cat or give it to the share holders they are not going to give it back to any of us or give you a break at the pump. They will continue to charge as much as they can... which by the way is what the market will bare (that supply and demand stuff) and continue to make a killing. It is a pretty good time to be in the refining business. (Wish I was... )

It has nothing to do with what the market will bear, the market has no choice but to pay, what is going to happen is Big Oil is going to drive this country into a DEPRESSION and then even a lot of them Big Oil types will be without, remember when the banks start folding even Mr. 400 million will be reduced to 100,000. He won't last long on that and god knows people like him would never make it in the real working world.

 

[Jeremiah]

As long as it costs less money to buy crude oil from Canada, Saudi Arabia and Venezuela, don't expect American companies to sink a bit in the ground over here. Further, environmental and other government regulations have driven up the cost of building refineries to the extent building more is no longer profitable. Blame you-know-which party for that. If you need help with this, it's the pro-more regulation party.



Now, as far as excessive compensation is concerned, let's address two issues: first the $38 billion profit the oil companies made, and secondly, the $400 million given to what's-his-name with EXXON when he retired. Demand in China, India and the United States has driven up the cost of oil on the world market. Prices would not change a dime if we suddenly found a whole new reserve of oil 2 feet under the ground in Kansas because none of it would stay in this country - it would be added to the world pool of oil.



But let's go ahead and take away half - no, three-fourths - of the $38 billion profit the oil companies made and give it to the poor and destitute in New Orleans. You'd see the price of gasoline go even higher because the end user always pays. In addition, you'd see 90 percent of the poor and destitute lay down on the job, and why shouldn't they? Who wants to work when someone else is paying for everything?



And let's go ahead and take away the $400 million retirement package given to the EXXON executive. True, it is an obscene amount of money, so taking it away would mean he would have less money, which is only right because he's probably rich already, right? So let's see what would happen when he loses his $400 million. Forced to "live within his means," he'd turn around and fire all the people who work for him. The pilot, gardener, housekeeper, etc. , would all be out of work and some of 'em might even go on welfare. But that serves them right too, for working for such a rich man.



Of course, the only way we could take away the oil companies' money and the compensation package would be to come up with more regulations (don't think a certain political party wouldn't like to do this). Or we might do it at the point of a gun. But gee whiz, don't they already do this in Cuba, Russia and some of the other communist countries? Oh, well, who cares? While we're at it let's take down Bill Gates of Microsoft and all those other rich folks and spread their money around to the have-nots.



C'mon, folks, better wise up. Take a look around and smell the roses. The reason France and Germany and England and Spain, not to mention Sweden and who knows how many other countries are broke and having so many problems is because regulations have destroyed initiative and free enterprise.



But if that's what you want, hey, go for it - kill the goose that lays the golden egg! Just don't kill them geese over here. I'm too busy trying to make a living and I don't want to hear any more from people who do not know what the blankety-blank they are talking about.



What does this have to do with Dodge diesels? I'll bet that rich retiree has a garage full of 'em!



Sorry for the long post. I agree: all that money sounds terrible but it could only happen in this country, and for that I give thanks.

 

[AMink]

Hey, President Fox. Here's the deal. One barrel light sweet crude per day per illegal. That's about 11,000,000 barrels per day minimum. And the illegals can work in the refineries here for less than minimum wage. Should this thread be moved to the polital forum? :-laf

 

[PKitzman]

As long as it costs less money to buy crude oil from Canada, Saudi Arabia and Venezuela, don't expect American companies to sink a bit in the ground over here. Further, environmental and other government regulations have driven up the cost of building refineries to the extent building more is no longer profitable. Blame you-know-which party for that. If you need help with this, it's the pro-more regulation party.



Now, as far as excessive compensation is concerned, let's address two issues: first the $38 billion profit the oil companies made, and secondly, the $400 million given to what's-his-name with EXXON when he retired. Demand in China, India and the United States has driven up the cost of oil on the world market. Prices would not change a dime if we suddenly found a whole new reserve of oil 2 feet under the ground in Kansas because none of it would stay in this country - it would be added to the world pool of oil.



But let's go ahead and take away half - no, three-fourths - of the $38 billion profit the oil companies made and give it to the poor and destitute in New Orleans. You'd see the price of gasoline go even higher because the end user always pays. In addition, you'd see 90 percent of the poor and destitute lay down on the job, and why shouldn't they? Who wants to work when someone else is paying for everything?



And let's go ahead and take away the $400 million retirement package given to the EXXON executive. True, it is an obscene amount of money, so taking it away would mean he would have less money, which is only right because he's probably rich already, right? So let's see what would happen when he loses his $400 million. Forced to "live within his means," he'd turn around and fire all the people who work for him. The pilot, gardener, housekeeper, etc. , would all be out of work and some of 'em might even go on welfare. But that serves them right too, for working for such a rich man.



Of course, the only way we could take away the oil companies' money and the compensation package would be to come up with more regulations (don't think a certain political party wouldn't like to do this). Or we might do it at the point of a gun. But gee whiz, don't they already do this in Cuba, Russia and some of the other communist countries? Oh, well, who cares? While we're at it let's take down Bill Gates of Microsoft and all those other rich folks and spread their money around to the have-nots.



C'mon, folks, better wise up. Take a look around and smell the roses. The reason France and Germany and England and Spain, not to mention Sweden and who knows how many other countries are broke and having so many problems is because regulations have destroyed initiative and free enterprise.



But if that's what you want, hey, go for it - kill the goose that lays the golden egg! Just don't kill them geese over here. I'm too busy trying to make a living and I don't want to hear any more from people who do not know what the blankety-blank they are talking about.



What does this have to do with Dodge diesels? I'll bet that rich retiree has a garage full of 'em!



Sorry for the long post. I agree: all that money sounds terrible but it could only happen in this country, and for that I give thanks.

I TOTALLY AGREE... we should take all the money from that rich SOB and give it to the poor homeless people on the street corners and the poor illegal immigrants that could really use it. Maybe even give it to some of the people that are whining about him making too much money and paying too much for gas. That will solve a lot of problems...

 

[john3976]

I TOTALLY AGREE... we should take all the money from that rich SOB and give it to the poor homeless people on the street corners and the poor illegal immigrants that could really use it. Maybe even give it to some of the people that are whining about him making too much money and paying too much for gas. That will solve a lot of problems...

You just don't get it, it not about stopping someone from going out and making a good living, but come on no one could even spend his 51 million for one year salary in their life time and that would be living very good, let alone some one needing a retirement package of 400 million.



The only thing these inflated wages have done is drive up prices on products that every day Americans have to buy to live.



Further what seems to happen is everyone in this clowns family from now on will just be getting the money passed down each time one of them dies and they never amount to anything because of it.



Lets see he got 400 million, that would last good lord at least 12 to 15 life times of his siblings wasting away the fortune.



It is clear that Exxon is no longer investing their vast fortune back into the company, they are just wasting money, and that is money that could have been used to lower the price of the product.



I will love to hear all of you big oil supporters crying the blues when the country goes into a depression and you lose everything, I bet your tune about big oil and their fat cats will change then.

 

[MCummings]

What is the tax % on 400 million anyway? On our $250k it's a touch over 45%...





Merrick