Exxon Mobil profits

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Comments

  • Kel VarnsenKel Varnsen Posts: 1,952
    Pacomc79 wrote:
    I appreciate that people are upset over energy, but it's pretty hard to take people seiously when they are complaining about gas from the window of a 50K vehicle that gets 12MPG. Only now is the market interested in buying fuel efficient cars. They are only now feeling actual pain economically from energy.

    Who told American's it was a good idea to live on average 8 grand in debt. Most of this.. we did to ourselves.

    I know exactly what you mean. It seems here that every time one of the local nightly news shows needs some filler they do a "what does the person at the gas station think about prices". It always seems between that and the people I know, the people who complain the most either 1) drive gigantic cars or 2) live in the suburbs and have like 40 minute or longer commutes. But the gas company controls neither of those things. That said gas prices where I live (in Canada) earlier in the summer were the equivalent of over 5 bucks a gallon.
  • CityMouseCityMouse Posts: 1,010
    the oil companies are benefiting from the high prices, but they aren't the ones who caused them. it's those hedge fund guys, mostly, plus some scarcity issues (that tie in with the hedging).
  • CityMouseCityMouse Posts: 1,010
    I know exactly what you mean. It seems here that every time one of the local nightly news shows needs some filler they do a "what does the person at the gas station think about prices". It always seems between that and the people I know, the people who complain the most either 1) drive gigantic cars or 2) live in the suburbs and have like 40 minute or longer commutes. But the gas company controls neither of those things. That said gas prices where I live (in Canada) earlier in the summer were the equivalent of over 5 bucks a gallon.

    I COMPLETELY agree.
    You make your bed, you lie in it.
    I was saying this to my mother the other day and she was like, "but people didn't know beforehand when they made their decisions that gas was going to be so expensive."
    BS! If you have 2 brain cells you would know better than to assume we'd always have cheap oil to burn and destroy the earth.
  • OpenOpen Posts: 792
    I am not sure they have people by the balls as much as you might thing. I mean I keep hearing that with these higher gas prices, transit ridership has increased drastically. For the same reason I keep hearing stories that people are taking less vacations or not driving as far when going on vacations. People are making these choices, and if they keep doing it revenue is going to start to decrease.

    I am not sure why you don't think it has anything to do with supply and demand. There are millions of new drivers in China every year. These are millions of people who are brand new customers for gas companies that never owned a car before. What industry wouldn't raise their prices if they had millions of brand new customers every year. Metals prices have increased for the exact same reason.

    Enron Loophole..look it up.
  • slightofjeffslightofjeff Posts: 7,762
    Didn't you know Exxon is owned 100% by Bob Exxon. When the company makes profit all of the profit goes right to him and he keeps the cash in a giant Scrooge McDuck style Money Bin.

    Come on now ... he uses some of that money on his army of personal baby-seal clubbers.
    everybody wants the most they can possibly get
    for the least they could possibly do
  • CityMouseCityMouse Posts: 1,010
    hartamh wrote:
    Well isn't that just great for them.....and to rub it in our faces.....when we barely can afford for or gas..........

    hahaha they're not rubbing it in our faces, it's a publicly traded company, they have to announce their profits.
  • unsungunsung I stopped by on March 7 2024. First time in many years, had to update payment info. Hope all is well. Politicians suck. Bye. Posts: 9,487
    If you don't like what they are doing don't buy from them, it is that simple. See I refuse to shop at Wal-Mart because I think they destroy this country and most of the people who work and shop there need to go back into their caves. Yet there are some people who go there because they want to save a dime on some Chinese made t-shirt, then come onto forums like this and complain that these corporations make too much money.

    This can be solved in the easiest of ways, don't spend your money there.

    Oh and I personally love that Exxon/Mobil is doing well. I bought in when gas was around $2 a gallon.

    The funniest thing is there are people who believe electing an empty suit like Obama will change things like this. And they are probably right. He will come in and tax them more so they don't make any money and some illegal alien gets free health care. You know because he is poor and all. The corporation is the one who suffers.

    Dems have been in control of things for some time now and nothing has changed.
  • yokeyoke Posts: 1,440
    I live and work in the same town. I have no gas issue and I have a 2001 F150 V8.
    Thats a lovely accent you have. New Jersey?

    www.seanbrady.net
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