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Thread: Supply & Demand: Exxon demands $11,000,000,000 in profits/quarter

  1. #46
    Steve Guest

    Re: Supply & Demand: Exxon demands $11,000,000,000 in profits/quarter

    Whenever an industry makes ridiculous amounts of money, libs start whining about it. Why? Because libs hate people who have what libs do not...

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    Re: Supply & Demand: Exxon demands $11,000,000,000 in profits/quarter

    Quote Originally Posted by Steve View Post
    Whenever an industry makes ridiculous amounts of money, libs start whining about it. Why? Because libs hate people who have what libs do not...
    It's called "Jealousy"

  3. #48
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    Re: Supply & Demand: Exxon demands $11,000,000,000 in profits/quarter

    Quote Originally Posted by pramjockey View Post
    Does anyone really believe that high gas prices are a result of "supply and demand" of oil?
    Pram, I think you're missing something in your understanding of what prices are. Prices are how much money suppliers request for their products. They're completely irrelevant if no one is willing to pay them. If and when someone does pay the prices requested, they are asserting how much the product is worth to them.

    I suppose you're assuming some involuntary aspect to the prices people are paying for gas, but that's simply not the case. No one is forcing me to pay $4 a gallon for gas. If I decide it's not worth it, I won't buy. If we all starting making that call (or even if a significant minority of us do), I guarantee you, prices will come down.
    "The human race divides politically into those who want people to be controlled and those who have no such desire. The former are idealists acting from highest motives for the greatest good of the greatest number. The latter are surly curmudgeons, suspicious and lacking in altruism. But they are more comfortable neighbors than the other sort." -- Robert E. Heinlein

  4. #49
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    Re: Supply & Demand: Exxon demands $11,000,000,000 in profits/quarter

    Quote Originally Posted by dblack View Post
    Pram, I think you're missing something in your understanding of what prices are. Prices are how much money suppliers request for their products. They're completely irrelevant if no one is willing to pay them. If and when someone does pay the prices requested, they are asserting how much the product is worth to them.

    I suppose you're assuming some involuntary aspect to the prices people are paying for gas, but that's simply not the case. No one is forcing me to pay $4 a gallon for gas. If I decide it's not worth it, I won't buy. If we all starting making that call (or even if a significant minority of us do), I guarantee you, prices will come down.
    Right. Because so many of us have a choice.

    We've got so many other options, you know.

    An amazing mass transit system.

    Pedestrian and pedal-friendly infrastructure for 20+ mile (each way) commutes.

    Weather conducive to non-oil-burning transportation.



    Oh.

  5. #50
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    Re: Supply & Demand: Exxon demands $11,000,000,000 in profits/quarter

    Quote Originally Posted by pramjockey View Post
    Right. Because so many of us have a choice.
    Yep. We do actually. Maybe the high oil prices (which are honestly still pretty low compared to what the rest of the world pays) will prompt us to get off our lazy asses and start making those choices instead of whining about it.
    "The human race divides politically into those who want people to be controlled and those who have no such desire. The former are idealists acting from highest motives for the greatest good of the greatest number. The latter are surly curmudgeons, suspicious and lacking in altruism. But they are more comfortable neighbors than the other sort." -- Robert E. Heinlein

  6. #51
    eohrnberger's Avatar
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    Re: Supply & Demand: Exxon demands $11,000,000,000 in profits/quarter

    I heard reported that the value of the dollar is so weak, the weakest that it's ever been, as weak as it was back in 1973.
    Doesn't that mean that it takes more dollars to buy commodities, such as crude oil, on the international market?

    If it costs a US oil company more dollars to purchase crude, then it'll have to charge more for the refined product, or not?
    If a man were behind four months on his mortgage and was talking to you about his plans to build an addition on his home you would think him daft and delusional. But in Washington, ignoring a current crisis to discuss grand dreams is called “boldness” and “vision.”

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    Re: Supply & Demand: Exxon demands $11,000,000,000 in profits/quarter

    Quote Originally Posted by Steve View Post
    Whenever an industry makes ridiculous amounts of money, libs start whining about it. Why? Because libs hate people who have what libs do not...
    Nah. The real issue is this:

    Everybody has to pay more for the lifeblood of civilization, yet the suppliers rake in record profits. Then we see conservatives acknowledge the need to get off fossil fuels because they admit it is ultimately a dead end - but then they try to argue that the next technology for fuel/energy is just decades off <always>, yet the ridiculous profits are only used to enrich shareholders and executives who do not use the money to help make the transition. Worse, they use some of it to fund denialism about where we are headed.

    It is very wasteful and produces no real value. I suppose for a libertarian that is all fine and dandy - but to a progressive it is just a travesty and a massive injustice (especially when one considers the tax subsidies handed out to big oil).

    Andrew
    “...corporations and those who run them cannot stop exploiting resources and amassing wealth until they have... .I cannot finish this sentence, because the truth is that can never stop; like cancer, they can only continue to expand until they kill the host.”

    -- Derrick Jensen

  8. #53
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    Re: Supply & Demand: Exxon demands $11,000,000,000 in profits/quarter

    Quote Originally Posted by eohrnberger View Post
    I heard reported that the value of the dollar is so weak, the weakest that it's ever been, as weak as it was back in 1973.
    Doesn't that mean that it takes more dollars to buy commodities, such as crude oil, on the international market?

    If it costs a US oil company more dollars to purchase crude, then it'll have to charge more for the refined product, or not?
    That's one of the reasons (probably the main one) why there is so much activity in oil right now. As an investor it's advisable to have your money in commodities rather than in equities or debt because if the dollar keeps tanking you will still have value in the commodity tied to the fluctuating currency rather than pegged to the current value of the currency.

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    Re: Supply & Demand: Exxon demands $11,000,000,000 in profits/quarter

    Quote Originally Posted by pramjockey View Post
    Right. Because so many of us have a choice.

    We've got so many other options, you know.

    An amazing mass transit system.

    Pedestrian and pedal-friendly infrastructure for 20+ mile (each way) commutes.

    Weather conducive to non-oil-burning transportation.



    Oh.
    Well then did you ever think maybe should be drilling more at home?

  10. #55
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    Re: Supply & Demand: Exxon demands $11,000,000,000 in profits/quarter

    Quote Originally Posted by Forplay View Post
    Well then did you ever think maybe should be drilling more at home?
    You already do, and it has no effect on gas prices, as expected.



    Andrew
    “...corporations and those who run them cannot stop exploiting resources and amassing wealth until they have... .I cannot finish this sentence, because the truth is that can never stop; like cancer, they can only continue to expand until they kill the host.”

    -- Derrick Jensen

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    Re: Supply & Demand: Exxon demands $11,000,000,000 in profits/quarter

    Quote Originally Posted by lutherf View Post
    That's one of the reasons (probably the main one) why there is so much activity in oil right now. As an investor it's advisable to have your money in commodities rather than in equities or debt because if the dollar keeps tanking you will still have value in the commodity tied to the fluctuating currency rather than pegged to the current value of the currency.
    Oil.

    And gold.

    And silver.

    And corn.

    And soybeans.

    And copper.

    And cotton.

    And...
    Rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add "within the limits of the law" because law is often but the tyrant's will, and always so when it violates the rights of the individual.
    -- Thomas Jefferson, letter to Isaac H Tiffany (1819)

  12. #57
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    Re: Supply & Demand: Exxon demands $11,000,000,000 in profits/quarter

    Quote Originally Posted by pramjockey View Post
    Thanks, CSA for reposting what's already been posted by other members!

    Did you get those off the right wing talking points app?
    reposted becaue you did not seem to read them.. do you dipute the facts given? If so then go ahead and disput them but dont simply claim they are wrong and run off like preogressive.
    “Are vital U.S. interests more imperiled by what happens in Iraq where were have 50,000 troops, or Afghanistan where we have 100,000, or South Korea where we have 28,000 -- or by what is happening on our border with Mexico?...What does it profit America if we save Anbar and lose Arizona?”
    P, Buchanan



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    Re: Supply & Demand: Exxon demands $11,000,000,000 in profits/quarter

    Quote Originally Posted by pramjockey View Post
    Right. Because so many of us have a choice.

    We've got so many other options, you know.

    An amazing mass transit system.

    Pedestrian and pedal-friendly infrastructure for 20+ mile (each way) commutes.

    Weather conducive to non-oil-burning transportation.



    Oh.
    sadlt what pram wants to forget about is exxon makes a few cents off each gallon of gas sold while in a state like california the fed and the satte make about a buck...
    “Are vital U.S. interests more imperiled by what happens in Iraq where were have 50,000 troops, or Afghanistan where we have 100,000, or South Korea where we have 28,000 -- or by what is happening on our border with Mexico?...What does it profit America if we save Anbar and lose Arizona?”
    P, Buchanan



    http://faceswaps.files.wordpress.com...ke-it-rain.gif

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    Re: Supply & Demand: Exxon demands $11,000,000,000 in profits/quarter

    Quote Originally Posted by CSA View Post
    sadlt what pram wants to forget about is exxon makes a few cents off each gallon of gas sold while in a state like california the fed and the satte make about a buck...
    What's sad is your complete inability to actually read a thread and respond to posts in it.

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    Re: Supply & Demand: Exxon demands $11,000,000,000 in profits/quarter

    Supply and Demand of the oil isn't the problem. There is ample supply. The problem is geopolitics has inflated the price to no end. There has always been fighting in the middle east and oil would hardly waver a penny or two. Now if somebody picks up a sling shot and threatens somebody the price goes up 10 bucks a barrel. I wish somebody could explain to me why every dilly dally thing over seas effects oil prices so much now when the same things happened in the same places 15 years ago never effected oil by one cent. I think our politicians have something to do with it too and the reason I say that, is at anytime they could call a press conference and say that we have plans to lift the drilling moratoriums and open up drilling in the arctic, even if its a complete lie, gaurantee you the price would drop, even if its just short term. If it were me I'd be making statements all the time just to make OPEC nervous. Our politicians, in my mind, could do a lot more than what they're doing. I think the left, is getting what they want. They want people to drive less and use less gas, so they wouldn't care if gas went to $5 a cup.

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