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

[slgcmg]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by sfox:
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Hummertech:
Before we go out of control bashing the oil companies we should keep 3 things in mind.
1. Our gas is much, much cheaper than anywhere in Europe.
2. A large part of the price of gas is taxes by the Government, and that tax money is pure profit for the government.
3. When you compare the amount of money spent by the oil companies compared to their profits, they actually make a little bit less than other large companies of that size in other industries. </div></BLOCKQUOTE>

1: Everything is higher in Europe...who cares...

2: Actually only a fairly moderate portion of the price of gas is taxes. An even smaller portion goes to the franchise owners...the rest/bulk goes in Exxon's pocket.

3: No matter HOW you slice it, 9.9 billion in PROFIT is disgusting considering what the country has been enduring over the past year. These companies have profiteered on the back of national disaters to an unprecedented extent and if the current administration doesn't take some action, we may end up with a Democrat controlled government sooner than later....

S </div></BLOCKQUOTE>

I agree!!! The 9.9 billion is profit. It is already taking all of their expenses and so-called risk of drilling out of the figure. They are making billions, while there are a lot of people who are afraid to drive anywhere or turn their heaters on this winter. If you look on MSNBC there is an article about oil companies trying not to focus on big profit. It makes me sick. What the hell else are we supposed to focus on?

[ROX]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by PARAGON:
Oops.... Alec, read the PM. I just figured out how to see the cache and who made the administration changes and I am not sure he ever actually said it WASN'T him. </div></BLOCKQUOTE>
So does moderating include taking the pics out of a post? Just curious. I was reading on the H1 site and saw where Shaggy had posted a pic of his truck, but the pic is gone.
http://elcova.com/groupee/forums/a/t...5/m/8706029735

[Bondage]

<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 Hummertech:
After all, if we're going to continue this damn thread any longer, let's at least change the subject and start arguing about something else. </div></BLOCKQUOTE>Ok, pick something. </div></BLOCKQUOTE>


Okay. Real men shoot steel guns - not tupperware crap. Oh. We did that. As you were.....

Sean

[ROX]

It's obviously someone who can't resist messing around. A real clown, who's gonna be....

[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.

[Hummertech]

If you don't like high gas prices than pay attention to who you vote for. A certain political party would love to have the mojority of Americans use mass transit. I think you know who I'm talking about. The same political party that cried about drilling for oil in the middle of nowhere in Alaska. The party that tries to stop any new oil refineries from being built.

[H2Finally]

The ability of a company to make a profit is NOT the point.

The point is about how we are all FORCED to pay MUCH HIGHER gas prices because of xyz reasons -- then to find out that those xyz reasons = bullsheit -- because this ONE company alone is earning $9.9 BILLION IN 1 QTR.

When Microsoft was deemed "too monopolistic" it got censured by the government. That was for a computer o/s software with lots of alternative CHOICES for the consumers (you can buy a Macintosh instead).

When Exxon earns $9.9B and the second company earns $9+B PROFIT/QUARTER ("cartel"??!) -- WHERE THE CONSUMERS HAVE NO CHOICE BUT TO BUY GAS TO LIVE (don't get semantic and bring up peanut-oil-powered cars ) -- where is the government intervention?

Here's a closer analogy:

If the bird flu virus becomes a rampage in the US, and Roche said "Hey! DEMAND IS UP!!" and charged $10,000 per tablet of Tamiflu and make $9.9B for that quarter -- do you think there will be a public outcry?

Summary:
I don't have a problem if I can CHOOSE to pay the price and make that company rich. But when I'm FORCED to pay the price,

Why so surprised with THIS pubic outcry?

[dna]

Another thing to consider. Absolute profit amounts mean nothing - profit is based on "return on capital". Another way to look at it is suppose you made $10,000 profit in a year, but had to invest $1,000,000 to do that. Would that be good - no it would be ****ty profit for what you invested (you made 1% on your money that you tied up for the year). But if you invested only $100,000 and made $10,000 that would be excellent (the money you tied up for a year made you 10%). The absolute number means nothing unless you know how much was invested.

All major oil companies have BBBIIILLLIIIOONNNSS of dollars invested in the infrastruture. In many of their divisions, the return is worse than if they just sold the capital and put it in the bank. Putting money in the bank or smart investments guarantes 4%+ (at least) and is risk free, so why would a company operate if it makes less than that such as the retail gas indusrty.

Believe it or not, the margin is so low at the retail gas station that most would be closed if you didn't buy cigs or pop or carwashes, etc (gas alone doesn't cut it). Keep in mind that an average station sits on land worth $1.5M and that the station costs $1.5M to build which only has a life of 10-15 years until it is obsolete and needs to be closed or rebuilt again. Thus in 10 years the company must recoup the 1.5M$ to build - that means the station must profit at least $150,000/yr just to cover the investment - what about profit?? So if you heard that your local gas outlet made $200,000 profit and so did the neighbouring one and so on (which adds up when a large company has thousands of stations), would you feel cheated. You shouldn't because this is what they need just to remain open, and I know first hand that many individual stations profit much less than this which is why their overall return is worse than just selling and putting it in the bank.

[Bondage]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by sfox:
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by Bondage:
You reveal yourself with that last comment. You'd love it if it was you, but hate it when it is "them"? Interesting. As for the govt. rescuing them after a disaster....please provide some details? I know the oil companies are spending hugely to repair and get back on line their facilities. Are the Feds helping them in some way that I am not aware of?

Sean </div></BLOCKQUOTE>

Sean,

The last comment in my last post was SARCASM, sorry, nothing revealed except the fact that you are too dense to see when someone is being a smartass. As to the federal govt helping, who has been rebuilding the pipelines between refineries?

Yes, we would all like to make as much profit as possible, but when the profit we make actual is detrimental to the economy of the country that is supporting that profit, well, that ain't right.

S </div></BLOCKQUOTE>

Now wait...that was sarcasm? So you would NOT want to own a company with record profits and government rescues??? You're kidding, right? You wouldn't wanna own that???? Commie.

Sean

[DRTYFN]

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

Jesus, Mary and Joseph! Not you too??!! </div></BLOCKQUOTE>

Your sausageness is spreading. Better posts pics to stop its spread.

[Ted]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by PARAGON:
Exxon/Mobil receives about $25,000,000,000 ($25B) every year in some form of subsidies from the United States Government. </div></BLOCKQUOTE>

BTW, were did you get this figure from?

[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 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. </div></BLOCKQUOTE>

So Paragon. . .what did the village idiot say that was in any way different from what you just agreed with?

[TootsSUT]

Hellooo Paragon??? You're talking about me like I'm not even here!

[Bondage]

<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 Bondage:
<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>



Well written, you ****ing idiot.

Sean </div></BLOCKQUOTE>Speaking of f'ing idiot. Did we get confirmation? Does dude look like a lady? </div></BLOCKQUOTE>

I may die later, but check out the last posts in the Hummer Hater thread.......

Sean

[PARAGON]

<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>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?

[FreeorDie2]

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

LOL, owning this tard will be fun, I hope he stays for a while. </div></BLOCKQUOTE>

Aren't you supposed to be the moderator or owner of this forum? Is it for H2 owners and those intereted in H2s or is it your private little playground for you and a select few to pretend you're tough or important or smart or whatever?

Own? You better get a grip. . .The only thing you could do would be to ban me from the forum -- other than that, all you can do is sit and make stupid comments.

[PARAGON]

Somebody wants to be found out now after this little episode.

[DRTYFN]

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by FreeorDie2:
Not at all. . .

Now the troops I led over a period of 25 years, they were real tough guys. . .and I'm not some pussy who is going to put up with a bunch of e-crap from anyone. I don't have to put up with that kind of stuff when people are standing in front of me. . .and there's no one on this forum that would try it, not only with me, but with anyone, if they ave an ounce of common sense. </div></BLOCKQUOTE>

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.

[Bondage]

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

Jesus, Mary and Joseph! Not you too??!! </div></BLOCKQUOTE>


LMFAO!!!!!!! Shut it dood. I love you. I'm so confused.........

Sean