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

[FreeorDie2]

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

Adapt or become extinct. This is what we like to call "e-wrasslin'". So either stow the ******* attitude, relax & have fun or hit the e-bricks. </div></BLOCKQUOTE>

Adapt? Define your terms. This whole thing started because I disagreed with the vast oil company conspiracy theory. If adapt means cowtowing to a select few, then forget it. If it means a poster can call me an F'ing idiot for posting my opinion, and I have to say, "Yes Sir, may I have another, Sir," then forget it.

You call me an F'ing idiot, expect to be told to kiss my ass. You want to argue about the right or wrong of something, or how to do this or that, or whether to chrome or not to chrome, that's great and I'm happy to occassionaly particapate. I wasn't looking for trouble, just pointing out basic economics. I'm still not looking for trouble, but I won't run away from it either.

And by the way, if you call this "e-wrasslin'", then you should understand that hitting back isn't an ******* attitude. . .it's self defense.

[Bondage]

<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 HUMMERDOGG:
I'm an energy trader and believer in free markets. Price is merely a reflection of supply/demand balances regardless what anyone says.

<snip>

Everyone forgets that it was only 4 years ago when we had $18 crude and $1.90 natural gas and gasoline and diesel were less than $1.25/gal... </div></BLOCKQUOTE>

Bingo. I think that offers something "of real value to the discussion" and wins the argument at the same time. </div></BLOCKQUOTE>

FreeorDie,

You are wasting your time here. It's like having a college professor lecturing quantum physics to a kindergarten class. Discretion is the better part of valor. You should smile, surrender, and move on.

Sean

[PARAGON]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by ckhagman:
<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 PARAGON:
First it doesn't address the price at the pump at all and secondly, I think you must be above your pay grade here. "wins the argument." Is that what you are trying to do? </div></BLOCKQUOTE>

And when you say that everything previously written doesn't address the price at the pump, you are not making any sense. Do you know what goes into the price at the pump? Everything involved in recovering, refining and distributing gasoline down to and including the salaries of those work at the gas station. And I'm not sure if it was you or someone else who mentioned it, but gas stations do indeed have to price gas based on the next tanker load, not the one just delivered. If a tanker load costs $10K and is priced at the pump so that all overhead is paid with $10K left over to buy the next load and it costs $11K, the station owner is going to be in the hole.

</div></BLOCKQUOTE>

It was me. And damn if you are not right on with that. I guess Paragon didn't read that post. </div></BLOCKQUOTE>You have to be f'ing kiddng me. You are going to continue with this line of stupid crap. You seriously think that the price paid at the pump is simply controled by the wholesale price paid for what is in the storage tank? WAKE UP!!!!

[La.Swamp Lobster]

I hate to tell you guys, but the Houston Plant never stopped pumping...they said it did, but I know for a fact that it never did...this was just another ploye to justify their price increase.
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by ckhagman:
Lets not forget to add that the Exxon/Mobil plant to Houston was shut down for a week or 2. I was talking with some oil companies 2 weeks ago they might not get 100% allocations but rather 60%. Can you imagine going to get your oil changed and the guy tells you sorry, where out of your oil.

Our local gas company has even sent out letters to large (Commercial) accounts tell them they can not guarentee that their gas wont be shut off due to insufficent supply. So if you think oil is bad gas is much worse. </div></BLOCKQUOTE>

[FreeorDie2]

<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:


thanks for making me laugh again. keep them coming.

I wsan't aware of the time restriction for opinions on members. Should I wait another couple of years to put an opinion out there? </div></BLOCKQUOTE>

No restriction on opinion, just trying to help you out on some of the whys and hows. You can have your opinion, it's just that it won't have any validity. </div></BLOCKQUOTE>

Let me get this staight. . .according to you, the validity of a person's opinions is predicated not on the correctness or verifiability of the facts involved, but on the length of time they've been posting in the Hummer Forum??????

Fascinating. . .

[PARAGON]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by slgcmng:
<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 wsan't aware of the time restriction for opinions on members. Should I wait another couple of years to put an opinion out there? </div></BLOCKQUOTE>No restriction on opinion, just trying to help you out on some of the whys and hows. You can have your opinion, it's just that it won't have any validity.

[slgcmg]

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.

[h2co-pilot]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Jennifer:
By the way, what movie are we seeing?? </div></BLOCKQUOTE>

The Crying Game

[Bondage]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Hart1:
I agree with Cato.org regarding "Profiteering"

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content"> Be that as it may, “profiteering” strikes most of us as unsavory. But it depends on the context. After all, were we serious about criminalizing price gouging, we would throw every member of the National Association of Realtors behind bars. Although the markup on housing is far more dramatic than the markup on gasoline, we don’t seem to mind. Why? Because most of us getting gouged on Sunday afternoon at the open houses hope one day to do likewise. Apparently, Americans approve of gouging as long as they’re the ones doing the deed.
</div></BLOCKQUOTE> </div></BLOCKQUOTE>


You Capitalist Pig!!!!

Sean

[VTSTOMPER]

$2.44 here.

[PARAGON]

Exxon/Mobil by itself receives about $25 Billion in US Government subsidies every year.

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.

When fuel prices can rise $0.15 because there is the possibility of a hurricane but there is no market correction, especially as quickly, then you have something that lives outside the typical ideals of supply and demand.

Why does everyone complain about OPEC price fixing, when it's apparent the major oil companies do the same thing, but somehow some of you don't feel this is the case.

[FreeorDie2]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by CslRkH2:
Gas Taxes are fixed per gallon and not based on a percentage. So when gas prices rise, the gov't doesn't gain.

When a company makes more than Microsoft & Walmart COMBINED in a QTR when they were complaining about damage to facilities and BLAH Freakin BLAH, then I'll call BULLSH!T </div></BLOCKQUOTE>

Oh course you would. . .unless you had invested the money or done the work over the long haul to make it possible. And all the fact that gas taxes are a fixed amount means is that taxes become a smaller percentage at the pump. XOM is still paying corporate taxes which are a percentage of profit, not to mention the income taxes paid by their employees on the money they earn.

In 1971, a pack of cigarettes and a gallon of gas both cost about 35 cents. Cigarettes now cost about $5 a pack and a gallon of gas seems to have settled in at about $2.50. Compared to the increases in the cost of butts, milk, bread. . .even the cost of cars (I bought a new Mustang II in 74 and it cost me $4000. . .I don't own a car now that cost less than $40,000 new), gas is still a bargain.

Get over it. . .

[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...

[Dan]

9½ Weeks

[CslRkH2]

<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 CslRkH2:
Gas Taxes are fixed per gallon and not based on a percentage. So when gas prices rise, the gov't doesn't gain.

When a company makes more than Microsoft & Walmart COMBINED in a QTR when they were complaining about damage to facilities and BLAH Freakin BLAH, then I'll call BULLSH!T </div></BLOCKQUOTE>

Oh course you would. . .unless you had invested the money or done the work over the long haul to make it possible. And all the fact that gas taxes are a fixed amount means is that taxes become a smaller percentage at the pump. XOM is still paying corporate taxes which are a percentage of profit, not to mention the income taxes paid by their employees on the money they earn.

In 1971, a pack of cigarettes and a gallon of gas both cost about 35 cents. Cigarettes now cost about $5 a pack and a gallon of gas seems to have settled in at about $2.50. Compared to the increases in the cost of butts, milk, bread. . .even the cost of cars (I bought a new Mustang II in 74 and it cost me $4000. . .I don't own a car now that cost less than $40,000 new), gas is still a bargain.

Get over it. . . </div></BLOCKQUOTE>

I am not against big profits or looking for any more laws. I think the current laws against collusion should be enforced in this situation.

When a company like Walmart or Microsoft dominates a market through competitive practices (i.e. volume purchasing and lower prices than their comp) that is one thing. When the 4 oil companies collude and decide to stick it to EVERY American, not just the ones that can afford a HUMMER or several $40k cars then that;s just wrong.

[ROX]

I noticed I couldn't reply in the Locked Thread. Maybe they're following you around messin with ya.

[Bondage]

I just went back and read some more.....did the Big Oil Companies come in here and lock up this thread?

Sean

[slgcmg]

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.

[PARAGON]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Klaus:
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Hummertech:
Or let's change the subject to football </div></BLOCKQUOTE>

<span class="ev_code_RED">ROLL TIDE!!!! 8-0!!!</span>

</div></BLOCKQUOTE>Not after next week.

[JMVH2]

$ 2.29 for 87 Octains here in southeast Michigan Still high but much better than $ 3.18 from a month ago