I love this: President Bush, saying he was unaware of predictions of $4-a-gallon gasoline in the coming months, told reporters Thursday that the best way to help Americans fend off high prices is for Congress to make his first-term tax cuts permanent.
LMAO!! WOW HIS TAX CUTS ARE MOSTLY FOR THE PEOPLE WHO CAN AFFORD $4 GAS!!! What an idiot.
Posts: 1458 | From: Ohio | Registered: Mar 2004
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posted
Unaware of$4 agallon gas? he most likley knows the date it will be $4 a gallon
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
What a liar...this man coming from the oil industry and then claiming to be aloof on oil prices?
and THIS is our president?
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
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posted
his oil co. failed... and he sold out a couple weeks before... the SEC sealed the record of the investigation into his "timely" sale... his father saw to that...
his baseball enterprise is his only claim to success other than getting into offices...
and that involved getting the govt to use eminent domain to take away the land for Arlington stadium, and the ball team never paid the City what it promised to pay for the land... the city apparently just forgave the debt...
Bush's economic policy: You do what we say, and we'll do what we wanna do."
-------------------- 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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Will $4 gas be enough to cause a SERIOUS recession (or a depression)? Where's the tipping point? I wonder how much is costs to feed a horse?
Posts: 1577 | From: Ohio | Registered: Oct 2007
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I love this: President Bush, saying he was unaware of predictions of $4-a-gallon gasoline in the coming months, told reporters Thursday that the best way to help Americans fend off high prices is for Congress to make his first-term tax cuts permanent.
LMAO!! WOW HIS TAX CUTS ARE MOSTLY FOR THE PEOPLE WHO CAN AFFORD $4 GAS!!! What an idiot.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by Propertymanager: Will $4 gas be enough to cause a SERIOUS recession (or a depression)? Where's the tipping point? I wonder how much is costs to feed a horse?
Depends. Do you have land to grow hay?
You can grow approx 3 tons of hay per acre of land. More in good climates, less in bad soil.
A horse will eat approximately 10% of their body weight in hay a day.
You can cut costs by letting a horse graze all day but that will take room also. Horses need at least an acre per head for a paddock to ensure they have enough grass and if you want the land to be healthy you should rotate the horses to a different paddock every week to let the grass grow back after being cropped and also give the land a little time to break down the wastes.
It is more complicated then that but it is the short answer.
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
$3.79 around here, I can't wait till Memorial day. You heard that, didn't you?
Posts: 2634 | From: The highway | Registered: Feb 2004
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quote:Originally posted by bond006: boycotts are illegal tex leader always run the risk of going to jail.
I don't think that is true in a case like this. We would not be a competitor trying to keep competition away or disadvantage a competitor. I don't think retail boycotts are illegal in any sense. If you know of somewhere taht lays it out, let me know, but I do think you are wrong about that.
Boycotts. A group boycott -- an agreement among competitors not to deal with another person or business -- violates the law if it is used to force another party to pay higher prices.
Boycotts to prevent a firm from entering a market or to disadvantage a competitor also are illegal. Recent cases involved a group of physicians charged with using a boycott to prevent a managed care organization from establishing a competing health care facility in Virginia and retailers who used a boycott to force manufacturers to limit sales through a competing catalog vendor.
Are boycotts for other purposes illegal? It depends on their effect on competition and possible justifications. A group of California auto dealers used a boycott to prevent a newspaper from telling consumers how to use wholesale price information when shopping for cars. The FTC proved that the boycott affected price competition and had no reasonable justification.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
We're divided because everyone's out for themselves. Myself included. I want to be as successful as i can for myself and my family, and screw the rest of you guys
quote:Originally posted by glassman:
quote:Originally posted by retiredat49: Thats the problem Tex...no one's united anymore...divided we fall, and we are falling fast
how did this happen?
what is the commonality?
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
We're divided because everyone's out for themselves. Myself included. I want to be as successful as i can for myself and my family, and screw the rest of you guys [Razz]
LOL.. if it was that simple? i wouldna asked...
why did the DOJ authorise all of the corporate consolidations in clear violation of the antitrust laws?
i'm not just talking about oil either.
IMO? it's been counterproductive to US competitiveness too..
people blame the EPA for Americas non-competitiveness when in reality it's been consolidation that has destroyed most of it...
investors like it for about a year. they get good benefits from their investment in consolidation, but then they don't have the kind of growth in the small caps that they need to make the big profits. because the big co's stomp all over the little ones...
sure oil has gone up and made the oil co's profitable investemnts, but that is the exception tot eh rule...
look at MSFT and GE... they just sit there...
-------------------- 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:Boycott EXXON...lol, said this long time ago--you get enough folks to simply say, "No" to EXXON? price will tumble...
If you believe that Exxon is making big profits, why don't you put all your money into Exxon stock? That way, you'll be filthy rich and you can use your massive profits from your Exxon stock to pay for your fuel at the gas pumps.
Posts: 1577 | From: Ohio | Registered: Oct 2007
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PM, I bet that Exxon and other large oil companies come out and announce record profits for the year. It will be the same damn thing they did last year when gas prices spiked. they make money because of the bloated price of oil period, somebody is making money out of this mess, profits are not just sucked into a vacume.
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
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quote:Originally posted by cottonjim: PM, I bet that Exxon and other large oil companies come out and announce record profits for the year. It will be the same damn thing they did last year when gas prices spiked. they make money because of the bloated price of oil period, somebody is making money out of this mess, profits are not just sucked into a vacume.
they also openly admitted that they cut production of gasoline from oil because their "downstream" margins are tight.... this reduces gasoline supply which causes traders to "buy up" gasoline prices which the oiltraders see and then "buy up" oil prices... it's been going like this for a couple years now.
Exxon currently pumps about half of it's own oil and buys the other half on the world market...
IF there were more compettitors pumping and refining this sort of "play" would not happen....
the other half of the oil supply story is that most of the world oil market is now "state owned" and the states DO reduce production to manipulate supply...
Mexico's oil production is in a dangerously steep decline. Why should that matter to the United States? Because Mexico exports 1.2 million barrels of oil per day to the United States, which is 8 percent of the U.S. supplies.
Mexico ranks third behind Canada and Saudi Arabia in exports to the United States. In an already tight oil market it would be difficult for the United States to find another million- plus barrels. And if we could, it would likely come from a shakier supplier.
In a recent televised address, Mexico's President Felipe Calderon warned, "We must act now, because time, and oil, is running out on us." Analysts estimate at the current rate of consumption Mexico's oil production could last 9.2 years and exporting will end in less time.
posted
Oil companies and auto manufactuer's made the conditions for American life of commuting long distances to work and limiting or getting rid of good public transportion. And real estate developemnet ,suburbs.
All this was built around cheap fuel and car priced with in most folks budget. And that is going away fast
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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quote:Oil companies and auto manufactuer's made the conditions for American life of commuting long distances to work and limiting or getting rid of good public transportion.
Oil companies and auto makers respond to demand. They do not "make the conditions for American life". The American public (including me) wants to travel where they want, when they want and that is not public transportation.
Again, if anyone thinks that the oil companies are making obscene profits, buy oil company stocks and you can receive your share of the profits!!! The truth is that oil companies only have a profit margin of 7% to 8% and that is not even close to the best return out there.
Posts: 1577 | From: Ohio | Registered: Oct 2007
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quote:Boycott EXXON...lol, said this long time ago--you get enough folks to simply say, "No" to EXXON? price will tumble...
If you believe that Exxon is making big profits, why don't you put all your money into Exxon stock? That way, you'll be filthy rich and you can use your massive profits from your Exxon stock to pay for your fuel at the gas pumps.
lol, haven't we been through this before? Look at the DANG CHART:
Ahead of the pack. Exxon Mobil's profits are 80 percent higher than those of General Electric, which used to be the largest U.S. company by market capitalization before Exxon left it in the dust in 2005. The new economy? Microsoft earns about a third as much money. And next to Exxon, the world's largest retailer, Wal-Mart, looks like a quaint boutique, with annual profits of about $11 billion.
On the margin. The oil industry urges people to look beyond its profits to its profit margin: about 7.6 percent of revenues late last year. That's not much higher than the 5.8 percent profit margin for all U.S. manufacturing, and if you exclude the financially troubled auto industry from that analysis, the oil industry actually appears less profitable than most manufacturers, which were earning 9.2 cents on every dollar of sales.
But unrivaled returns on equity. However, profit margins across industries vary greatly based not on how well each business is doing but how capital- or labor-intensive it is. Oil is among the most capital-intensive. But look at the oil industry's profits compared with shareholder equity it has available for investment. The U.S. Energy Information Administration's most recent analysis of the oil industry's performance, released just last month, showed oil industry return on equity of 27 percent—about 10 points higher than that of other manufacturers. And it has been higher throughout this recent era of high world oil prices, just as it was back during the oil shock that hit in 1980. http://www.usnews.com/articles/business/economy/2008/02/01/exxons-profits-measur ing-a-record-windfall.html
-------------------- 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 Propertymanager: Again, if anyone thinks that the oil companies are making obscene profits, buy oil company stocks and you can receive your share of the profits!!!
Thank you... Exxon went up $1.39 per share (1.55%) today... tidy profit I would say... Did you buy any or just sat there and rant/raved about what you know nothing about?
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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quote:Originally posted by Propertymanager: Again, if anyone thinks that the oil companies are making obscene profits, buy oil company stocks and you can receive your share of the profits!!!
Thank you... Exxon went up $1.39 per share (1.55%) today... tidy profit I would say... Did you buy any or just sat there and rant/raved about what you know nothing about?
you get *my* point, I'm sure...
I'm not about to park my dough for 3 1/2 years for a measly double...
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Did you buy any or just sat there and rant/raved about what you know nothing about? 
