posted
Pretty disgusting this oil business situation just ticks me off, this companies have enormous profits at the expense of middle class and lower americans. You go down to fill up a car and its $40 dollars and above we are seeing 3.00+ a gallon now. When they speak to these oil companies they always say we have all these added costs, but they are having record profits after deducting everything, they use every reason in the world to raise the price of gas. I don't see how young families that use their cars frequently can afford these kind of prices.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
oil companies dont dictate the price of oil. its traded on the open market and prices are set by buying and selling. If anything is to be angry about its that the government stirs up the chit in oil producing countries and drives up worry about supply demand issues that make speculators drive up prices.
Have you noticed that iran is all over the news for their nuclear progam that is at least 7-10 years away from a nuclear weapon but north korea HAS them and they rarely make news anymore?. Whats the best way to drive up prices...? create uncertainty about future supply, and do you think exxon is goin to step in and say,"you guys can relax we have plenty of oil"? nope, instead they will check the crude price on the NYSE in the morning then get back to thumbing through the Bently catalog.
-------------------- "Gentleman, you have come sixty days too late. The depression is over." Herbert Hoover 1930 Posts: 678 | From: currently in hiding due to investigation | Registered: Oct 2004
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posted
These oil companies have gotten way out of hand, yes our government is partly to blame they should be taxing them so heavily and giving them a break is they put a lot of this money back to the people in the US who are gettin killed by high prices. This is an energy source and at this point is a necessity to our economy but does not have any true regulation on its price. And i am talking about the US. oil companies, they are getting rich at the expense of lot of people that cannot afford it, with the help of our gov.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
Glassman, you are right it seems that every crisis is favorable to the big oil companies even the ones that don't end up being a crisis.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
there you go, bringing class into it again..... =P
-------------------- One is never completely useless. One can always serve as a bad example. Posts: 2430 | From: CA | Registered: Jun 2005
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Although Buffett is widely admired for business acumen, his perspective on corporate taxes isn't shared in many corner offices nationwide. In fact, the percentage of federal tax receipts from corporate income taxes has been in decline since the 1950s, from over 30% to under 10%. And the General Accounting Office reported last week that 61% of U.S. corporations paid no taxes during the booming period from 1996 through 2000. The 2002 and 2003 tax cuts were billed largely as cuts for individuals. But they also slashed an estimated $175 billion in corporate taxes through 2005
quote:Originally posted by glassman: well NR, i dunno why you would call it a class situation?
It was actually a joke in response to IWISHIHAD's comment "Pretty disgusting this oil business situation just ticks me off, this companies have enormous profits at the expense of middle class and lower americans."
Posts: 2430 | From: CA | Registered: Jun 2005
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posted
oh, i guess my sense of humor left me at my last fillup
i don't mind seeing people get filthy rich, what's bothering me is that oil is following gasoline prices up and not vice versa.... the oil sellers seem to be looking at the pump prices and saying, well, if they can get that much for gasoline? we can get more for the oil....
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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quote:Originally posted by glassman: oh, i guess my sense of humor left me at my last fillup
i don't mind seeing people get filthy rich, what's bothering me is that oil is following gasoline prices up and not vice versa.... the oil sellers seem to be looking at the pump prices and saying, well, if they can get that much for gasoline? we can get more for the oil....
well stated
first it was production, er, the storm, then, maybe not, then, uhhh, fear.
posted
it surely looks like price fixing... what do i know tho, maybe they are able to anticipate the oil prices well enough to make sure we pay today what they are gonna pay tomorrow?
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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