supply and demand oil people???

[MLee]

And George is sleeping very well------Thanks to us all

Marv.

 

[TFucili]

This just off the AP.

IRVING, Texas - Exxon Mobil Corp. had a quarter for the record books. The world's largest publicly traded oil company said Thursday high oil and natural-gas prices helped its third-quarter profit surge almost 75 percent to $9. 92 billion, the largest quarterly profit for a U. S. company ever, and it was the first to ring up more than $100 billion in quarterly sales

Supply and demand, don't you know



Their manipulated and controlled supply versus our relatively inelastic demand



Need to get some stock in K-Y jelly

 

[DHayden]

Rusty,



I hate it when you use facts, math, sound basic economic principles, and clear, logical reasoning, to dispute opinions, preconceived notions, bias, rumors, misunderstanding, and stubborn resistance to accept the obvious just to win an argument. It's not fair. I'm gonna sign off, go sit in the corner, and curse the big oil companies for making money while supplying products the US cannot live without.



I bet you have even invested your retirement funds in oil company stock that is rising in value every year. That makes me more angry.



Harvey

Here, some more of the good ol' economic facts, misunderstandings and stubborn resistance:



Exxon Mobil (XOM, news, msgs) raked in $100 billion in just three months, and $10 billion went right onto its bottom line.



up 75% from the same quarter a year ago. The profit is more than what Microsoft (MSFT, news, msgs) was expected to report in first-quarter sales after the bell today. (Microsoft is the publisher of MSN Money. ) Put it another way. The company earned $4. 48 million an hour in profit during the quarter.

 

[Gary - K7GLD]

Here, some more of the good ol' economic facts, misunderstandings and stubborn resistance:



Exxon Mobil (XOM, news, msgs) raked in $100 billion in just three months, and $10 billion went right onto its bottom line.



up 75% from the same quarter a year ago. The profit is more than what Microsoft (MSFT, news, msgs) was expected to report in first-quarter sales after the bell today. (Microsoft is the publisher of MSN Money. ) Put it another way. The company earned $4. 48 million an hour in profit during the quarter.

AH YES, but ya see, all that profit is going to the STOCKHOLDERS, and making THEM rich... .



HMMMmm wait a minute, *I* have stock in Phillips - and last time I looked, I had accumulated enough "profit" to ALMOST fill my lawnmower with gas...