Unhappy with Oil profits? READ AND POST HERE!

[Jefff929]

I'm a displaced worker, that is what they call it when your job goes to Asia. I was a hi-tech Process Support technician. Ten years of process development in the area of proto type and after release of product design to manufacturing. Five years of experience on self-audit teams insuring compliance to internal standards and ISO registration. If you think unemployment is a free ride then I'm getting a free ride at your expense!



Community involvement in leadership positions for a 501c3 Nonprofit: Board of Directors, Vice-President, Public Relations Chair & Newsletter Editor. $0. 00 Hourly



Currently serving as Commander of the Marys River American Legion Post #100. $0. 00 Monthly

 

[Shrimpy]

If you believe Exxon paid "not one red cent" in clean up of the Valdez,... ..... the tooth fairy will be there shortly. My mom still worked for Exxon then, for a senior VP (Not Mr. Raymond). She went to Alaska one week after it happened, and was part of a team set up to watch over payments for clean up expenses. They were writing checks as fast as they could to people who claimed to have boats to assist in the clean up. If you had a 10 foot jon boat you got MINIMUM $8,000. 000, larger boats much more. They were writing checks to people from as far away as SOUTH CAROLINA who claimed to live in Alaska and drug their boats up there, only to leave after the check cleared. The group she was part of wrote out close to $85 MILLION in checks inside of three (3) weeks. They were paying workers $30 to $35 per HOUR (remember, this was 1989) to be on STAND-BY incase they were needed. After the folks who were working (and making $50 plus per hour) found out, EVERYBODY wanted to be on the stand-by crew



Well since we are all proposing how to scew ALL big corps, I propose that cars and trucks cost to much so GM, Ford, and Dodge build MORE plants to lower their transportation cost. What... ..... You say they have idle plants in parts of this country... ... ..... well they are just waiting for another occasion to lower supply then raise the price of the cars and trucks they are making to screw the American public... ... ... ... ... ... I DEMAND FEDERAL PROTECTION from this THIEVERY... ... ... ... ... ... . They will be making OBSCENE PROFITS for NO REASON... ... ... ... ... . their profit as a percentage of revenue will be way way beyond 8. 5% (Big Oil Industry Average per site noted on Fox News). I DEMAND SOMEONE DO SOMETHING NOW!!!!!!!!!!!!!!!!!!!!!!



Jim

 

[dezeldog]

RustyJC, great information and I do stand corrected. As the saying goes "the proof is in the pudding". I can't remember where I just recently read that they had not fessed up to their responsibility. Thanx again



Jim

 

[wcaldwell]

I started last year in the Appliance Department (selling refrigerators and washing machines at my local Home Depot) getting right at $7. 50 per hour. I'm now in the Kitchen Design department at my local Home Depot getting a little more than $12 per hour for a job I really enjoy. According to some web site, the HD CEO makes +/- $49m per year - but when I interviewed last year, I was not told what he made nor did or does it make me any difference. I needed a job and HD hired this uneducated (entirely my fault), almost senior, retired Air Force NCO. I have a job to do and will do it to the best of my ability and show up for work with a good attitude and disposition. One of the benefits is that I get to have a great time with most of my fellow workers and most of the customers. When I leave at the end of my shift, I know I've given a full day's work for a full day's wages - not something I could say a couple years ago as a government contractor working at our local Air Force base.



Wayne

 

[dezeldog]

What amazes me iis how quick the texans come to the defence of the oil industry. Do you thunk that there is any connection here or are they just smarter than the rest of us. Whadaya think



Jim

 

[RustyJC]

What amazes me iis how quick the texans come to the defence of the oil industry. Do you thunk that there is any connection here or are they just smarter than the rest of us. Whadaya think

Well, let's see. Prior to this, I've posted once. That post (#20) corrected your statement that Exxon paid nothing for the Valdez clean-up by linking to a University of Florida study that cited actual costs incurred by Exxon. Do you consider that "defending the oil industry"?



Rusty

 

[Shrimpy]

I was going to really 'tee-off" on you dezel, but thought for one second... ... what good would it do. If intelligent people can't use a computer, with INFINITE search capability, to educate themselves, what good does it do to "defend something".



I was in high school when the last oil shock (1979) took place. I saw people literally RUN to oil companies for work. And work they got. My summers from college were spent on drilling sites. Money flowed like pee on nickel beer nite. But when the bottom fell out, it was nasty. It took 10 to 15 years for the economy of Texas, Louisiana, Oklahoma, and New Mexico to recover.



People FORCED their children away from the oil fields and related service sectors like crazy. I had a good friend who's father stopped paying for his college because he was studying Geology . Now a competent geologist (if they stayed in the field) is pulling down 100 large a year EASY (more like 130,000 to 175,000 if they have experience).



It is simple MARKET ECONOMICS at work. Texas now has a much more diversified economy. Oil could crash tomorrow, and it would be hard in parts of Texas, but by and large seen as a simple bump in the road, not a straight shot to the ditch. Big Oil has survived drastic price drops in the past, and will do so in the future. Fuel will continue to be refined, but at much lower rates. Just like any other industry, when it cost to much to do something... ... ... ..... you stop doing it.



Use the computer to educate yourselfs (not directed directly at dezel). It will amaze you what is truth and what is someone's believed truth... .....



Jim

 

[Miner49er]

Hey Guys & Gals,

My dad ( still alive God bless him) survived Normandy. I was a graduate of the University of South East Asia, and I have a boy that has put in over 10 years in the Air Force.

We all drive Dodge rigs worth well over $40,000. 00. Your retoric is somewhat amusing... As I see it, both big business and goverment has been corrupt and greedy ever since they landed the first boat. We're all just more aware of it today.

Are we as a nation being swindled, abused, cheated and misinformed?? Maybe you all that think so should do a "tour" of your own. (The three of us have been there... )

What this country does, isn't always the best for it's people, but it beats any alternative that I know of.

Funny; my kid informs me that fuel is cheap in the Middle East, yet he always manages to return to home base... imagine that...

Just my $. 02 Steve

 

[Rman]

US Gov't regulation of fuel prices + world market = fuel shortages. Think about it, if you make something that you can sell for more $ overseas than at home in the good old US of A, where would you sell it.

Or if other countries couldn't sell it in the US for what they could sell it too umm say CHINA, then where do you think they'll take there oil? Regulation is NOT the answer folks! Think Jimmy Carter would have a chance in the next election?

 

[Heavyweight]

Huskerman,,, so,,, Back in the late 1800's,,, the railroad was doing what? In the early 80's the phone company,,, was doing what?



The problem with our system is that it is "CORRUPT"! If our system was not corrupt, then Big Oil would not be on the hot seat. Who is Bush buying the OIL from to wage this war on terror????? Let me tell you something,,, you do not have all the facts,,, and if you did,,, they would stink to high "TEXAS"!



I am no commie pinko,,, but reality is, the Oil market is an oligopoly!!!



A market condition in which sellers are so few that the actions of any one of them will materially affect price and have a measurable impact on competitors, and more importantly consumers. They control the market, and there will always be demand. This is where Capatilism has weak points.



Since we have a Republic, we can only "VOTE" to tell the moron's at big oil to turn it down a notch... .



The same goes with federal spending, entitlement programs, welfare, social services for illegals...



the problem for oil,, they are always raising the price and they no the American people are getting taxed up their *****! So we get mad,, and then we curse, and start to call on our elected officials to do something about this highway robbery! Even though the latter never usually works, big oil's profits are very hard to hide.

 

[nps]

I am no commie pinko,,, but reality is, the Oil market is an oligopoly!!!



A market condition in which sellers are so few that the actions of any one of them will materially affect price and have a measurable impact on competitors, and more importantly consumers. They control the market, and there will always be demand. This is where Capatilism has weak points.

You miss out on one important fact - most of the few sellers aren't under the United States 'Big Oil' control, and some of them hate our guts with a passion. Venezeula and Iran come to mind.

 

[PKitzman]

I can't fault Big Oil from making a buck while they can. There are some harder times on the horizon for them. US demand for fuel will drop off in the next several months which will mean that refining capacity will no longer be the bottle neck. Of course, if they pump a lot of oil from the ground they will still make a good buck at that since I can't forsee the price for a barrel of oil significanly dropping any time soon.

 

[Shrimpy]

Why is it so hard for you guys to grasp that Exxon/Mobil, Conoco/Phillips, Chevron/Texaco, Shell and to a lesser extent Marathon, Valero, and Tesoro DO NOT PRODUCE OIL IN LARGE ENOUGH QUANTITIES TO SUPPLY THE U. S. A. FOR EVEN ONE DAY. Combine ALL PRODUCERS in all 50 States and it is NOT ENOUGH TO SUPPLY AMERICA for a SINGLE DAY America is a net IMPORTER. It is bought by big oil on the open market along with China, India, Pakestan, Japan, France ect.





Why is it so hard for you Socialist wanna-be's to grasp. You guys act like someone is trying to teach you Chinese Arithmetic for gods sake



Jim

 

[nps]

Shrimpy, I feel your pain. :{

 

[master1578]

import chart

 

[john3976]

Why is it so hard for you guys to grasp that Exxon/Mobil, Conoco/Phillips, Chevron/Texaco, Shell and to a lesser extent Marathon, Valero, and Tesoro DO NOT PRODUCE OIL IN LARGE ENOUGH QUANTITIES TO SUPPLY THE U. S. A. FOR EVEN ONE DAY. Combine ALL PRODUCERS in all 50 States and it is NOT ENOUGH TO SUPPLY AMERICA for a SINGLE DAY America is a net IMPORTER. It is bought by big oil on the open market along with China, India, Pakestan, Japan, France ect.





Why is it so hard for you Socialist wanna-be's to grasp. You guys act like someone is trying to teach you Chinese Arithmetic for gods sake



Jim

Why is it so hard for you to understand that Big Oil owns a lot of oil wells in other countries, just because the oil is coming from the middle east does not mean that Exxon, Chevron and Conoco don't have a stake in the wells. They are not 100% owned by these other countries.



While these countries do own a good number of the wells, you can bet your bottom dollar that Exxon, Chevron and Conoco each own their share of wells that they pay leases or fees on as well that allow them to make a pretty penny on what is pumped from the ground.

 

[J.BURCHFIELD]

If we (the whole country) would take a step back and look at our biggest problem maybe it would do some good. Our biggest problem is we have an illegal IRS. It has not been legal since it was started in 1913. Yet we have been bambooseled into allowing the IRS pick our pockets. When the IRS began income tax was 1% and nobody complained. Gradually it was increased and nobody complained. The cost of operating the IRS is over 8 billion per year and nobody complains. Our politicians are not concerned about abolishing the IRS because they think they do not need to be because not enough people complain. When the IRS was started we began to have our country taken away from us little by little. It is long past time to take our country back. It could be done but will it. I don't think so. All we will ever do is complain about matters of much lesser importance. Jim, Korean War Vet.

 

[dezeldog]

If we (the whole country) would take a step back and look at our biggest problem maybe it would do some good. Our biggest problem is we have an illegal IRS. It has not been legal since it was started in 1913. Yet we have been bambooseled into allowing the IRS pick our pockets. When the IRS began income tax was 1% and nobody complained. Gradually it was increased and nobody complained. The cost of operating the IRS is over 8 billion per year and nobody complains. Our politicians are not concerned about abolishing the IRS because they think they do not need to be because not enough people complain. When the IRS was started we began to have our country taken away from us little by little. It is long past time to take our country back. It could be done but will it. I don't think so. All we will ever do is complain about matters of much lesser importance. Jim, Korean War Vet.

I thought this thread was about oil. Oh well what did I know???

 

[Bob Cochran]

Oh boy the IRS thing; had to come up did'nt it. To be honest I worry more about the monoply or as what was said so few companies that any change by one affected the consumer in a huge way. Don't cut taxes on oil companies or we will have to make up the shortfall or cut services which none want to do. I worry about price gouging and windfall profits that we the consumer carry on our backs. Example and I am not sure this is true but APPEARS(note I said appears no facts just perception) to be. Lets say a barrel of oil is at $60 and there are millions gallons of oil on the way here by ship and all the gallons already processed and distributed. Then the prices rises to $61 and every price at the pump rises immedately!! Hey wait a minute that should not happen that fast; it should not happen until the next ship gets filled with the higher priced oil and then processed then ready to pump then the price is higher. This is either price gouging or windfall profits. I mean the price can rise at the pump because they THINK the price per barrel of oil is going to rise and if it does not that is all profit too. These are the things I would like to see corrected and controlled but I don't think the government can get it done. It has not in the past nor do I think it can in the future. All the government saber rattling I have seen to date seem to be a good show with nothing getting done. Okay of my box and will go to the pump and pay the price!! By the way a couple of independent gas stations in Flagstaff AZ. have closed the pumps as they cannot pump and make any money and going to run just the attached store. Where will it end? Will the market correct itself? No idea just have to wait and see I guess. Of course read about our thoughts here.

 

[dezeldog]

Shrimp, I am no kid and this is not my first parade. I don't need to listen to your or anyone elses BS about how wonderful the oil industry is treating this country as a whole. Profit by few at the cost of many... . is that what this country is all about??? I don't think so. Lets all get ahold of the rope and start pulling in the right direction. Whadaya think



Jim