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1. Not our soldiers and government employees-- the Thrift Saving Plan has considerable investments in Big Oil and the profits benefit their retirement. 2. Not teachers-- The National Education Association, largest teacher's union, has considerable investments in Big Oil and the profits benefit their retirement. 3. Not Firefighters-- The International Association of Firefighters has considerable investments in Big Oil and the profits benefit their retirement.
4. Not Law Enforcement-- National Union of Police and Prison Officers has considerable investments in Big Oil and the profits benefit their retirement.
5. Not Blue Collar Workers-- The AFL-CIO, the world's largest labor union, has considerable investments in Big Oil and the profits benefit their retirement.
So who is it that is complaining about Big Oil making profits? Oh, it's politicians that aren't getting their "fair share".
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oil was the original company punished by the govt for being too successful, see 'standard oil'.... Show me 'small oil'... Ticker symbol for 'big oil' too......regulations by our own government are actually what's preventing more refineries in America ftr. My mother in law works for BP and says they have wanted to build more here for some time. They did just addon to her refinery in Washington state as that is allowed but not as good as a new more efficient one from the ground up. They signifcantly increased capacity there but there are space limitations. Talk to your liberal congress people if you want to build them. The business is more complicated than a lot of other businesses and for people to understand.
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I definitely agree with your post, Steve. Every time I read about oil production, I learn something new about the process. So many variables to understand and keep up with. Obv. just follow T. Boone Pickens, the man is rarely wrong and his name is the best!
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The politicians are making their big theatrical diatribes against the oil industry's windfall profits because their constituents aren't happy about having to spend $75 to $90 or more filling up their SUV's every few days to get the kids to soccer and ballet practice.
The energy crisis represents more than just a slight problem for us. It's really not just about Joe Blow having to pay a little more for a tank of gas to get to work. Our whole society and supply/consumer system is predicated on gas (and diesel fuel) being a hell of a lot cheaper than $4 per gal.
If the government doesn't wake up and crank up some crash program to solve this energy crisis, our country is going to face hard times that will make The Great Depression look like a Sunday School picnic.....
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 2Slick4u: | |
If the government doesn't wake up and crank up some crash program to solve this energy crisis, our country is going to face hard times that will make The Great Depression look like a Sunday School picnic.....
lmfao
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I also agree that speculation is a major problem with the price and the countries that produce oil are more than happy to roll with it and wont do a thing to make prices go down. Its heroin and we are the addicts and they know it. Oil company stock prices have leveled out or I should say topped out so hopefully that will help signal something. They keep making record earnings but the price of their stock falls? Put changes into oil speculation on the commodities market and things would decline somewhat but you can't just do that. Its a catch 22. There are too many negatives there in a so called free market society.
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I dunno about topping out. I got stopped out of a few of my USD trades recently and the USO chart is a pretty good looking chart. I know some people that have been putting on the DUG trade with no success as of yet.
http://stockcharts.com/charts/gallery.html?uso http://stockcharts.com/charts/gallery.html?dug http://stockcharts.com/charts/gallery.html?$usd The USD seemed to have bottomed for a bit and the crude futures have still rallied hard since.
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would you guys get back on track? energy crisis, running out of oil, we are headed for something worse than the Great Depression, etc...
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I stopped driving in January of this year. Saving SO much money. Sold my car, etc.
Anyhow, anyone that's even remotely "okay" with the price of gas right now, IMO, is a foolish person. Naive, delusional, etc.
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even at $4/gallon gas is still cheap compared to a lot of european countries.
if gas gets to like 7 or 8 bucks a gallon, then i would start to worry.
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why? because there is some magical "correct" price of gas?
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yawn.
1 - show me that any big oil company has been making unreasonable profits over a sustained time. making billions in profits is not unreasonable if it costs you tens of billions to make those profits.
2 - if you don't like the products price, don't buy it, stop being a whiny little girl.
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LDM
(United States)
5,291
Posts.
Joined
02-13-2006.
05-26-2008 7:53 AM
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In reply to
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| TheWacoKidd: | |
| 2Slick4u: | |
If the government doesn't wake up and crank up some crash program to solve this energy crisis, our country is going to face hard times that will make The Great Depression look like a Sunday School picnic.....
lmfao
lawling right beside you Waco. Since when did the government bring out a plan that solved anything?
but the point of this thread was to show who actually benefits from the profits of big oil. most people assume, because it's how media portrays it, that some rich suits are stashing all that profit. in actuality those suits income is affected by profits but only in bonuses. their pay is a cost in the budget that reduces profits.
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| NUTZREALHUGE: | |
even at $4/gallon gas is still cheap compared to a lot of european countries.
if gas gets to like 7 or 8 bucks a gallon, then i would start to worry.
not really when you consider in european countries, they don't drive nearly as far as most americans do on a day to day basis. in most of europe, the infrastructure is much more condensed, and the vehicles they are using over there don't consume as much gas as a lot of the cars in the US.
so yeah, europe pays 7 8 bucks per gallon, but they consume much less, so once again, it's all relative.
thank you urban sprawl
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| LDM: | |
but the point of this thread was to show who actually benefits from the profits of big oil. most people assume, because it's how media portrays it, that some rich suits are stashing all that profit. in actuality those suits income is affected by profits but only in bonuses. their pay is a cost in the budget that reduces profits.
are you some left wing hippy that doesn't have a clue about business.
what do you do for a job exactly??
and i'm still waiting to see what these 'profits' are as a percentage of what it costs to make those profits.
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i think republicans and Gdub enjoy "big oil" since they rigged the 2000 election. Energy changes would've been widespread with a gore victory.
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