Exxon/Mobil $9.9 billion profit for the quarter!!!

[slgcmg]

It is nice to know that someone is making money off of the out of control gas prices.

I am seeing gas prices at $2.35 a gallon. To me it looks like a sweet deal until you see what we were paying this time last year.

[DennisAJC]

CAHOOTS!!!!!! CAHOOTS!!!!!!

We're being played here by two sword fighters!

[DennisAJC]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by FreeorDie2:
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by DennisAJC:
Shut it turd. Suckin up to Alec is fruitless. He's our resident Limey.

We don't ban weaklings so you're safe to bytch and whine like the vagina you are.

25 years leading what? Real men??? Fag. I guess next you'll tell us is that you did Potato Salad. </div></BLOCKQUOTE>

So. . .is this the post of a "true" tough guy? </div></BLOCKQUOTE>

If you come to Moab, I bet I can make you pee your pants.

[DRTYFN]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Alec W:
meh, my Gamo Airgun owns you all </div></BLOCKQUOTE>

Not quite. HIYAAA!!!

[ckhagman]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by PARAGON:

Those of you who do not think something is wrong with the current fuel situation are going to wake up to severely higher prices for everything else you buy a few years down the road. Everything you buy has to be transported and the over-inflated diesel fuel prices currently seen is killing shipping.
</div></BLOCKQUOTE>

Hasn't that already happened? I have been seeing fuel surcharges on UPS shippments for a lot longer than 2 months.

[Hummertech]

Don't worry Paragon, everyone takes what he says with a grain of salt, simply because he lives in a state that has voted Democratic in the last 2 Elections.

[PARAGON]

Meh, 1st generation G22 owner.

[h2co-pilot]

[FreeorDie2]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Bondage:

I find that many "hard-core" conservatives become socialists the moment something affects their own wallet. Principaled, sincere, real conservatism requires one to be intellectually honest and accept the bad with the good that comes from a sincerely held and CONSISTENT belief system.

Sean </div></BLOCKQUOTE>

Quite true. And sad when people allow self interests to influence principle.

Here's the thing. . . There is only one circumstance that I can imagine where one could find fault with Exxon. If, absent government interference either here or abroad, they were selling oil and gas around the world for $N and with no other costs involved, they were selling it to US customers for $Nx2 or $Nx3, that might be gouging. Otherwise, as far as I'm concerned, they're entitled to charge what the market will pay. The oil business is an expensive venture. . .they have a right to make a profit.

[PARAGON]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by slgcmng:
You guys are too funny. If I met any of you and you said those things to my face you would be in serious trouble because I know illegal ninja moves that are from the government. </div></BLOCKQUOTE>You would never meet any of us. We only exist on the e-ternet.

I just read that there is now a gas crisis.

[Hummertech]

OK, this thread is too damn long, so let's sum it up.
It's OK for an oil company to make billions of dollars because on a percentage basis, it's equal with other companies and should be allowed to make a fair profit off their large investments.
The oil industry is a screwed up industry with a lot of B.S. controlling prices that are not directly related to supply and demand.
There I think we covered both sides.
Oil companies are allowed to make large profits, and oil companies suck.
Now lets MOVE ON PEOPLE.

[Bondage]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Jennifer:
</div></BLOCKQUOTE>

Pad. Pad. Pad. Pad. Pad whore.

Sean

ps - glad to hear you are feeling better. I was afraid you'd cough up a testicle or something......

Does my infatuation with Jennifer make me gay?

[Klaus]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by FreeorDie2:
Now the troops I led over a period of 25 years, they were real tough guys. . . </div></BLOCKQUOTE>

...Medically retired after being fragged by his own troops...

Niedermeyer?

[slgcmg]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Spike:
Gas in my area as of this morning is down to $2.17 per gallon. </div></BLOCKQUOTE>

Looks like I need to go to whereabouts unknown

[slgcmg]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by PARAGON:
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by slgcmng:
I find it funny that people on this forum who share the same love for vehicles call eachother F'in idiots or say they work at a fast food resteraunt because they have a different opinion. I really don't think that anyone on this forum who has put themselves in a position financially to afford a Hummer is an F'in idiot. I also have never seen a fry cook drive an Hummer either. My opinion is that I feel it is wrong for them to be making that much of a profit when there is really no other alternative to fuel. I feel that there should be government restictions due to the fact there are no alternatives. If it were another company like Walmart making that much, then so be it. There are tons of other places to buy food and other household items.

So all of the hate posts I see, I laugh, and wonder how someone could be so ignorant. I wonder would the response be that hateful if it were face to face rather then face to screen. I am guessing no, which makes it even funnier. </div></BLOCKQUOTE>I find it more funny that you assume that because somebody shares the same likes in vehicle choice that automatically bars them from being called a f'ing idiot. For all I know you or any other posters in this thread except for a few that I do know for sure, don't own an H2, so that's a moot point to begin with.

You saw f'ing idiot comments because certain people were more concerned with winning an argument and saying things like "you own a Hummer, why are you worried about gas prices" or "you are discussing gas prices in a Hummer forum" and they themselves called others "idiot." Turnabout is fair play.

Arguing without any facts or knowledge is as deserving of the "f'ing idiot" monicker as anything else I can think of. Besides, you have not been around here long enough to develop an opinion on how one conducts themselves in this forum. Until you understand the mores of the forum sit back and try to "catch" some of what's going on. IE - turnabout is fair play. </div></BLOCKQUOTE>..

thanks for making me laugh again. keep them coming.

I wasn't aware of the time restriction for opinions on members. Should I wait another couple of years to put an opinion out there?

[slgcmg]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Spike:
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Looks like I need to go to whereabouts unknown
</div></BLOCKQUOTE>S. Jersey </div></BLOCKQUOTE>

nevermind

[PARAGON]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by HUMMERDOGG:
Paragon-

To address a few of your commments...

The price at the pump "is" raised due to the fear of future "production" disruption "because" future production disruption affects futures pricing which ultimately affects retail pump prices. Keep in mind, pricing at the pump originated on the Nymex where heating oil and unleaded gas futures trade. Refineries contract to buy their crude supplies with their purchase price tied to either the daily Nymex settle plus a fixed basis or a daily fixed price basis cash market, in turn, retail gas stations contract out to either petroleum distributors or directly with refineries and this price is tied to the current spot rack price.

World supply/demand balances "have" tightened significantly in the past four years due to the unbelieveable economic growth in China and India in 03/04.

OPEC is no longer a factor when discussing the ability to manipulate pricing. We ran from $41 to $72 this year. The last $15 of that move was driven purely off of trading technicals which continued to give these program and hedge fund traders "BUY" signals. It wasn't driven off of OPEC, supply/demand balances, the oil majors, etc...

Diesel prices at the pump have come off where I'm at however there continues to be a 60 cent/gallon spread at the pump between diesel and unleaded. However, there is also a 22 cent/gallon spread between heating oil and unleaded gas futures. The balance of that pricing is due to cash diesel basis prices, issues with transportation logistics, continued downed refineries, current distillate storage levels, and maybe a little "major" price gouging.

And to try to correlate price action and demand, and argue that price has no business increasing 100% since demand hasn't increased by 100% is a difficult correlation for me to follow. Price always overshoots to both the upside or the downside because it's never readily apparent when supply/demand fundamentals have fallen back in-line. Plus, in the interim there are so many other factors other than global and local supply/demand balances that traders look at when trading...

Ultimately, I agree with your assessment that there is some market manipulation being done by the majors which affects pricing, however, I can't agree with you that this is the sole reason for the price action we have seen this year. The various factors I have mentioned in previous posts do play an influence on price.

However, I am a believer in free markets and capitalism and do not believe it is wise to try and cap the majors or have them fix their pricing. Immediate relief would be offset by long term grief... </div></BLOCKQUOTE>We're on the exact same page. I am not obtuse enough to think that retail pricing is only set by some sort of conspiracy. While everything I've posted here is fact, I could help but play with the village idiot attempting to discuss something over his head.

[KenP]

I love my Glock 26.

[h2co-pilot]

I might ban him.

FreeorDie2, (was there an original?)

Your enragement is unambiguous.

[DennisAJC]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by PARAGON:
What a bunch of F'ing idiots. You are simply trying to win an argument instead of offering anything of real value to the discussion. Trying to make things personal. "It's a Hummer forum..." "you don't have to buy the fuel".

Just F'ing idiots. Everything..... absolutely everything in the US economy is affected by the price of fuel. Everything you buy from the sandpaper you wipe your butt with to the Evian water you drink is affected by the price of fuel. If you don't understand that there are only a handful of oil companies that directly and daily control fuel prices, then move on, you don't have enough knowledge to participate in this discussion.

The oil market of the past 3-5 years is nothing near the oil market it was before. Why in the hell are gas prices dropping now? Because they were caught with their hand in the cookie jar, nothing else. There were no production increases or anything else to explain the $0.25 drop in regular gasoline except pressure was starting to be applied. Did a correlating drop in diesel fuel happen? NO! Why? Because trucking companies are passing the buck along to the consumer right now and are not crying as much, except for the little businesses that don't matter.

Let me say this one more time for those of you that don't realize this. Exxon/Mobil receives about $25,000,000,000 ($25B) every year in some form of subsidies from the United States Government. So, if you don't understand why this argument needs to be had then there is no one intelligent enough to explain it to you.

If you still don't get it and think they are simply trying to make a profit. Exxon/Mobil is sitting on over $30BILLION is liquid cash. CASH!!! If you can't add all of this up and see that a publicly traded company that provides a commercial necessity to the US economy, who also receives ridiculous amounts of subsidy from the government, and then is able to nationally increase the price of fuel in the matter of a day, then..... ding, your fries are done! </div></BLOCKQUOTE>


SO ENDETH THE LESSON.