Exxon posts record breaking profits.

Right, so that's $6 billion a year for all the oil companies, so what maybe one or two for Exxon. And you don't even know what the subsidies are. Not really very detail oriented are you?

 

For the benefit of those amongst us like Pepik, who are rather slow to comprehend the scope and magnitude of corporate scams, with Neo-Con political undertones, even if it bit them in the ass. :jester:


http://64.233.169.104/search?q=cache:SFCffa-msSAJ:www.cleanupwashington.org/documents/RPSEAreport.pdf+energy+policy+act+2005+title+II+exxon+subsidies&hl=en&ct=clnk&cd=26&gl=us


"In the absence of new legislation taxpayer dollars will soon begin flowing due to a provision sneaked into the enormous 2005 energy bill under cover of night. With key support from former Rep. Tom DeLay (R.-Texas), who was then the House majority leader, the provision established a 10-year, $1.5 billion federally funded research program to find ways to extract oil and gas from "ultra deep water" depths and hard to access onshore areas. Of that $50 million per year is guaranteed while $100 million per year will be available..."




http://www.nytimes.com/2006/03/27/business/27royalties.html?pagewanted=3&_r=1&adxnnl=1&adxnnlx=1203091220-cfeH1OCkieukXF9eoN9pHA

"Mr. Bush signed a sweeping energy bill that contained $2.6 billion in new tax breaks for oil and gas drillers and a modest expansion of the 10-year-old "royalty relief" program. For the most part, the law locked in incentives that the Interior Department was already offering for another five years. But it included some embellishments, like an extra break on royalties for companies drilling in the deepest waters."

 

What a surprise?

A Neo-Con whiner like you, who fails to produce any facts about his pro-Exxon stance, complaining about "anti-corporate whiners" :jester:


Since you're nothing but a troll in this forum.
You should be banned.

 

What was their profit margin?

 

He was banned, finally. He should have been banned a long time ago.

The guy was a government op. Regular people don't spend all their time trolling internet message boards like he does. It wasn't only this forum, but a slew of others.

 

I kind of liked Pepik.

He wasn't the best at appropriately posting his thoughts, but at least the brought some balance and insight to real issues.

Why did he get banned exactly?

I mean, besides the assumption that he works for the government? What was the straw that broke the camels back here???

 

Someday, Exxon may do the same as some the phone companies are

Then we would see's who whines the LOUDEST.

Yea, and there went the DIALOGUE, which you hate so much.

You got that right, Mr 50,ooo post 24/7/365

 

Because he came here only to troll people. He contributed NOTHING. He derails people's threads and makes up stuff about people that they never said. This would have gotten most people banned fairly quickly, yet he was able to get away with it until I finally brought it to Skip's attention in another thread. I am getting a little sick of having to defend myself against things I never said.

There is a reason Pepik spent so much of his time and effort here specifically attacking me, and it's not because he wanted to debate the issues or anything like that. The guy trolls message boards all over the net. It's his job, and I am sure somebody is paying him well to spread his bullshit propaganda and lies.

Pepik uses the government op media tactic of character assassination to push his agenda. I don't know how many times I was accused of being an anti-Semite by him.

 

ITS not just Bush out to screw ya, if given half a chance Hugo would have you bent over a barrel "an oil barrel", as would Ahmadinejad.

 

Wasn't he a Jew who graduated from McGill?

 

Damned if I know.

 

Their profit margin was around 10%, to answer my earlier question. I posted it in another thread.

If gas was $3 a gallon, Exxon could lower prices a whopping 30 cents and not make a dime. Who cares to explain the other $2.70?

To compare, Microsoft was around 30% profit margin the same yr.

http://www.hipforums.com/forums/showpost.php?p=4093676&postcount=63

I am having trouble finding 2007 stats, if someone has them, i would love to see how close they are to the 2005 stats.

 

Read my post on page 3. #34 I think.

 

I think it provides the exact opposite my friend. If Exxon made NO profits, and gas was $3.00, then gas would drop to what, $2.70. Care to fill us ininformed "neo-cons" in on the rest?

How would you propose these evil companys lower prices? Govt regulations and price ceilings will lead to the 1970's all over again.

By the way, i loathe the conservative movement with almost as much passion as the leftist-entitlement movement, so please refrain from labling me something. I prefer to lable myself as an economic libertarian, social liberal, or something along those lines.

 

They made 10 cents on the dollar profit. They cant work for free, if so, what incentive would they have to sell gas in the first place?

You kill me, telling others they have no clue about business. Microsoft made a 30% profit margin, 3 times what Exxon did, at the expense of the American consumer.

Please explain to all of us non informed people where the other 90 cents on the dollar come from? That is no hypothetical, that is a real question based on fact that you chose not to answer.

Profit drives business. Please tell me all of the successful businesses that operate to make 0 profit.

Gas is $3.04 right now in GA, take 10%m Exxon's profit margin, off of that and you pay roughly $2.71 a gallon. Please tell us what is responsible for that $2.71.

roughly 14% is tax, so if you want to start blasting someone for hosing the American Consumer, start by looking at the govt. They make more off gas than Exxon does.

 

It sounds really good to blame the evil cooperations for high prices, but that simply isn't so my friend.

They post higher profits because gas costs more, we have more people, we have more money changing hands, not because they are making more % of money. They are using the same business model as they did then gas was 70 cents a gallon.

EDIT: I stumbled upon this while reading another thread.

http://www.hipforums.com/forums/showpost.php?p=4108091&postcount=16

 

figured you would kill the messanger, i all but predicted it my last post.

Can you disprove it? No, you have nothing to say but try and discredit the source.

I voted for Paul in the primaries, i probably wont vote. I voted for Bednarik in 04.

Provide any sort of fact and people might take you seriously.

 

Exactly, record profit, not profit margin. You failed to show me how they are raping the American Consumer. You dodge "hypothetical" questions when they use real world data.

Where is the other 90% of gas cost coming from? I show you, you blast my source.



Basicly, it sounds good to blame it on Exxon and to the droves of govt educated people in the country who dont know a profit from a profit margin it sounds even better.

The same source you blasted is the same source, the us govt, who teaches kids, who many here want to run healthcare. I limit the time i have that vibrator up my ass as much as possible.

 

You type alot to say nothing. Keep pissing in the wind like you have for 47 years my friend. This is not worth my time. If you care to show me this great truth id love to see it, if not, good day.

 

The US National Avg, for gasoline is $3.08 http://www.gasbuddy.com/

The US National fuel tax "state and federal" 46.9 cents.
http://en.wikipedia.org/wiki/Fuel_tax#United_States_of_America

By my calculation thats 15.2% ?

seems even un-biased sources say the same as his chart.


btw, in Illinois,"source,Triple A" You pay 55.8 cents fuel tax,"top ten in the country " avg. price $3.19 thats 17.5%