 Big Oil CEO's have been ripping everyone off.... |
  |
| Big Oil CEO's have been ripping everyone off.... |
 Sep 5 2006, 01:25 PM
Post
#1
|
|
 DEATH TO ....something? Group: Members Posts: 5,618 Joined: 23-February 06 From: Parker, CO Member No.: 55  |
http://money.cnn.com/2006/09/05/news/compa...dex.htm?cnn=yes
QUOTE NEW YORK (CNNMoney.com) -- Chevron and its partners have successfully extracted oil from a test well in the deep waters of the Gulf of Mexico, an achievement that could be the biggest breakthrough in domestic oil supplies since the opening of the Alaskan pipeline. The last quote of the article I find the most interesting. QUOTE "This is the silver lining of higher oil prices," he said. "If we didn't have higher oil prices, they wouldn't have dared to risk this much capital here." You mean the rantings of idiot fucktard politicians like Al Gore and moron news reporters clamoring on about how CEO's of big oil companies are jacking up gas prices to line their own pockets are.....*GASP*......COMPLETE BULLSHIT?!?!? It absolutley amazes me how fucking ignorant %90 of the population in this country is when it comes to the energy industry and how it actually works....The level of technology used in producing crude oil is on par if not greater than shit NASA is doing ... I've said for years that a huge chunk of the profits major oil companies make is inherently re-invested into finding more oil, but this is the first time I have *EVER* read an article on a major news source that paid even a line of text to that notion .... -------------------- I r Ur Gawd!
|
 |
 
|
|
Sep 5 2006, 01:43 PM
Post
#2
|
|
 Let's Bother Snape!!! Group: Members Posts: 1,598 Joined: 22-February 06 From: Albuquerque, NM Member No.: 10 |
What the fuck is %90?
--------------------  |
|
|
|
|
Sep 5 2006, 01:48 PM
Post
#3
|
|
 Group: Admin Posts: 3,403 Joined: 23-February 06 From: PDX/TXL Member No.: 35 |
The only company I do not like is ExxonMobil and that's because they do not reinvest their profits into R&D like the other companies.
-------------------- "There is a level of cowardice lower than that of the conformist: that of the fashionable non-conformist." |
|
|
|
|
Sep 5 2006, 02:06 PM
Post
#4
|
|
 Do they ignore parts of reality? Group: Moderators Posts: 2,935 Joined: 23-February 06 From: South Overton!!! Member No.: 46 |
They re invest money to find more oil to make MORE money!
what a concept -------------------- A psychotic world we live in. The madmen are in power. How long have we known this? Faced this? And--how many of us do know it? Perhaps if you know you are insane then you are not insane. Or you are becoming sane, finally. Waking up. I suppose only a few are aware of all this. Isolated persons here and there. But the broad masses... what do they think? All these hundreds of thousands in this city, here. Do they imagine that they live in a sane world? Or do they guess, glimpse, the truth...?
-Philip K. Dick |
|
|
|
|
Sep 5 2006, 02:09 PM
Post
#5
|
|
|
Group: Admin Posts: 3,403 Joined: 23-February 06 From: PDX/TXL Member No.: 35 |
QUOTE (Spivey @ Sep 5 2006, 02:06 PM) They re invest money to find more oil to make MORE money! what a concept ExxonMobil reinvests into the pockets of its owners... They don't even spend money on E&P (exploration and production). Hell, they backed out of the Sahkalin project and now only hold a small share. -------------------- "There is a level of cowardice lower than that of the conformist: that of the fashionable non-conformist." |
|
|
|
|
Sep 5 2006, 04:15 PM
Post
#6
|
|
 monogamous gays & stem cells Group: Members Posts: 3,789 Joined: 22-February 06 Member No.: 8 |
QUOTE (Spivey @ Sep 5 2006, 03:06 PM) They re invest money to find more oil to make MORE money! what a concept nobody's spending $40b in profit on research and development every year. it's total rape. |
|
|
|
|
Sep 5 2006, 04:29 PM
Post
#7
|
|
|
Do they ignore parts of reality? Group: Moderators Posts: 2,935 Joined: 23-February 06 From: South Overton!!! Member No.: 46 |
QUOTE (lamont's lament @ Sep 5 2006, 04:15 PM) nobody's spending $40b in profit on research and development every year. it's total rape. there was a bit of sarcasm in my post if you did not notice -------------------- A psychotic world we live in. The madmen are in power. How long have we known this? Faced this? And--how many of us do know it? Perhaps if you know you are insane then you are not insane. Or you are becoming sane, finally. Waking up. I suppose only a few are aware of all this. Isolated persons here and there. But the broad masses... what do they think? All these hundreds of thousands in this city, here. Do they imagine that they live in a sane world? Or do they guess, glimpse, the truth...?
-Philip K. Dick |
|
|
|
|
Sep 5 2006, 04:39 PM
Post
#8
|
|
|
DEATH TO ....something? Group: Members Posts: 5,618 Joined: 23-February 06 From: Parker, CO Member No.: 55 |
I think it's hilarious. I wish oil was $500 a barrel.
Then people would actually have a real reason to bitch. If you don't like how high gas prices are either: a) Buy a 4-cylinder automobile  Ride a bikec) Shut the fuck up about it already heh 
-------------------- I r Ur Gawd!
|
|
|
|
|
Sep 5 2006, 05:10 PM
Post
#9
|
|
|
I was raised on the dairy, BITCH! Group: Members Posts: 3,080 Joined: 23-February 06 From: Cedar Park Member No.: 49 |
QUOTE (Dogmeat @ Sep 5 2006, 04:39 PM) I think it's hilarious. I wish oil was $500 a barrel. Then people would actually have a real reason to bitch. If you don't like how high gas prices are either: a) Buy a 4-cylinder automobile Ride a bikec) Shut the fuck up about it already heh ride a cool bike! -------------------- "Ah, y'know it's funny, these people they go to sleep, they think everything's fine, everything's good. They wake up the next day and they're on fire."
|
|
|
|
|
Sep 5 2006, 05:26 PM
Post
#10
|
|
 New son Donovan Charles Mummert born July 17, 2008 Group: Members Posts: 8,635 Joined: 22-February 06 From: Port Wentworth, GA Member No.: 15 |
4 cylindars and bikes are known to carry herpes
shutting the fuck up carries VD ill stick to bitching |
|
|
|
|
Sep 5 2006, 05:52 PM
Post
#11
|
|
 Group: Moderators Posts: 2,499 Joined: 23-February 06 From: El Paso Texas Member No.: 32 |
QUOTE (Dogmeat @ Sep 5 2006, 01:25 PM) It absolutley amazes me how fucking ignorant %90 of the population in this country is when it comes to the energy industry and how it actually works....The level of technology used in producing crude oil is on par if not greater than shit NASA is doing i'm glad you, dogmeat, are in the 10% of people that understand how this works. i have renewed my confidence in the energy industry & will preach your fine words to others who surround me. -------------------- |
|
|
|
|
Sep 5 2006, 05:53 PM
Post
#12
|
|
|
DEATH TO ....something? Group: Members Posts: 5,618 Joined: 23-February 06 From: Parker, CO Member No.: 55 |
QUOTE (woody @ Sep 5 2006, 06:52 PM) i'm glad you, dogmeat, are in the 10% of people that understand how this works. i have renewed my confidence in the energy industry & will preach your fine words to others who surround me. You would do well to do so
-------------------- I r Ur Gawd!
|
|
|
|
|
| Lo-Fi Version | Time is now: 9th August 2026 - 09:02 PM |
