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Old 07-31-2008, 04:34 PM
 
Location: Wilkes-Barre,Pa
272 posts, read 1,003,565 times
Reputation: 136

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The American oil industry is a marvel.Its successes and achievements deserve our celebration and national pride.Generations of engineers , inventors,entrepreneurs,and industry leaders have overcome daunting physical and logistical odds, doing their damnedest to bring us an immeasurably helpful and useful product. But no , you have been made to detest oil, to despise the companies that take it out of the ground, refine it, and bring it to us in forms that power our daily lives. You are taught to loath the corporations and exexcutives that dare proft from their own risk,expertise, and service to their fellow countrymen.
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Old 07-31-2008, 04:38 PM
 
Location: southern california
61,288 posts, read 87,457,092 times
Reputation: 55563
landlords dream come true. tenant who will pay any rent increase and won't move. only thing more amazing is how all the chickens will rush down to vote the fox in to guard the henhouse. but not this time, even chickens get smarter.
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Old 07-31-2008, 04:41 PM
 
29 posts, read 36,900 times
Reputation: 25
This article is pretty much a repeat from Q1.....move on and STOP BEATING ME!
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Old 07-31-2008, 04:46 PM
 
1,955 posts, read 5,268,634 times
Reputation: 1124
Quote:
Originally Posted by TransAm View Post
The American oil industry is a marvel.Its successes and achievements deserve our celebration and national pride.Generations of engineers , inventors,entrepreneurs,and industry leaders have overcome daunting physical and logistical odds, doing their damnedest to bring us an immeasurably helpful and useful product. But no , you have been made to detest oil, to despise the companies that take it out of the ground, refine it, and bring it to us in forms that power our daily lives. You are taught to loath the corporations and exexcutives that dare proft from their own risk,expertise, and service to their fellow countrymen.
Along with t206, we finally have a voice of common sense.
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Old 07-31-2008, 04:57 PM
 
Location: southern california
61,288 posts, read 87,457,092 times
Reputation: 55563
Quote:
Originally Posted by StoneOne View Post
Along with t206, we finally have a voice of common sense.
oil is good. engineering is good. american entrepreneur is good.
deliberate and methodical destruction of the public trolley system nationwide in the 1930's by means of lobbying by the gas and automotive industries, is not good. we the people, is not Chevron & GMC.
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Old 07-31-2008, 05:00 PM
 
Location: Chicagoland
41,325 posts, read 44,966,939 times
Reputation: 7118
Quote:
The American oil industry is a marvel.Its successes and achievements deserve our celebration and national pride.Generations of engineers , inventors,entrepreneurs,and industry leaders have overcome daunting physical and logistical odds, doing their damnedest to bring us an immeasurably helpful and useful product. But no , you have been made to detest oil, to despise the companies that take it out of the ground, refine it, and bring it to us in forms that power our daily lives. You are taught to loath the corporations and exexcutives that dare proft from their own risk,expertise, and service to their fellow countrymen.
Good post.
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Old 07-31-2008, 05:01 PM
 
Location: USA
881 posts, read 1,589,871 times
Reputation: 311
Quote:
Originally Posted by quelinda View Post
"Record earnings for the world’s largest publicly traded oil company have become almost as predictable as the surge of gasoline prices at the pump in recent years, and for the second quarter income rose 14 percent, to $11.68 billion.

It was the highest quarterly profit ever for any American company, as Exxon made nearly $90,000 a minute."

http://www.nytimes.com/2008/08/01/bu.../01oil.html?hp

Which president do you believe can somehow get these prices down? Clearly drilling in ANWAR is not the reason why oil prices are high. Doesn't it seem like the oil companies are just lovin' our PAIN AT THE PUMP?

Did you know oil companies spend MORE on ADVERTISING about how they are exploring alternative energy than they actually spend on exploring other energy sources? That's how shady they are.

Why are Americans putting up with prices like this, and profits like this for the oil companies, for a commodity that is a necessity? I mean how far can they take this before this country's economy completely crumbles.

Do you believe in a windfall profits tax on these outrageous oil company earnings?

Since the Republicans got us into this mess, do you really trust them to get us out?!

Our poor country is going down..
Questions for you:

1. Does Exxon control the supply of oil?

2. Does Exxon control all refining of oil?

3. Does Exxon control oil prices?

The answer is NO to all 3. So here is the scoop that any junior economist can tell you:

1. The supply of oil is controlled by OPEC and a dozen countries. The USA wouldn't be in this position if the do-nothing Democratic Congress ALLOWED A VOTE on drilling. Exxon does NOT control the price of oil in any shape or form. If you believe Exxon control oil prices, you need an IQ test and help ASAP.

2. Exxon does not refine the oil, thus does not control that cost. That only facts in about 10% of gas costs anyway.

3. Oil prices are due to supply and demand. Increase supply and prices go down overnight. Yes, there is some speculation going on, but you cannot stop that, because even if our stupid Congress stops speculation in USA, companies will move to London or Hong Kong where they will speculate even more. That is a dead end.

To end speculation, you must make price of oil go down and the way to do that is to DRILL!

This is why the USA must drill and the Dems must be defeated or the USA will sink into the Great Depression in a few years.

MCCAIN is for drilling, therefore I am for McCain!! Democrats are against drilling, therefore I am against Democrats!

McCain 2008!!!


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Old 07-31-2008, 05:03 PM
 
Location: Chicagoland
41,325 posts, read 44,966,939 times
Reputation: 7118
How come no one ever talks about the windfall the government gets from the oil companies?
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Old 07-31-2008, 05:41 PM
 
Location: San Antonio North
4,147 posts, read 8,004,817 times
Reputation: 1010
Quote:
Originally Posted by quelinda View Post
"Record earnings for the world’s largest publicly traded oil company have become almost as predictable as the surge of gasoline prices at the pump in recent years, and for the second quarter income rose 14 percent, to $11.68 billion.

It was the highest quarterly profit ever for any American company, as Exxon made nearly $90,000 a minute."

http://www.nytimes.com/2008/08/01/bu.../01oil.html?hp

Which president do you believe can somehow get these prices down? Clearly drilling in ANWAR is not the reason why oil prices are high. Doesn't it seem like the oil companies are just lovin' our PAIN AT THE PUMP?

Did you know oil companies spend MORE on ADVERTISING about how they are exploring alternative energy than they actually spend on exploring other energy sources? That's how shady they are.

Why are Americans putting up with prices like this, and profits like this for the oil companies, for a commodity that is a necessity? I mean how far can they take this before this country's economy completely crumbles.

Do you believe in a windfall profits tax on these outrageous oil company earnings?

Since the Republicans got us into this mess, do you really trust them to get us out?!

Our poor country is going down..
You do not know how this works do you? They me some pretty good money. They are owned by the stockholders. Sorry they are making many Americans some great cash!
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Old 07-31-2008, 05:55 PM
 
31,683 posts, read 41,057,092 times
Reputation: 14434
Quote:
Originally Posted by ryneone View Post
You do not know how this works do you? They me some pretty good money. They are owned by the stockholders. Sorry they are making many Americans some great cash!
Yessssssssssssssssssssssssssssssssssssssssssssssss sssssssssss


Go Exxon Mobil

However this has not been a great 3 months. Now if we do have a windfall profit tax will stockholders get money back if their stock value declines?
XOM: Summary for EXXON MOBIL CP - Yahoo! Finance

Pension funds, 401's etc felt this hit along with individual stockholders.
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