Exxon Mobil Profits, Let the ass raping continue! Options

[Hartmann]

More, straight from that report:

The price of gasoline that is paid by consumers at the gasoline pump reflects the cost of crude oil that is purchased by the refiner; the refiner’s processing and distribution costs and profits; the retail distribution, marketing and station operating costs and profits (and sometimes losses); and federal, state, and local taxes.

And that 28% does include tariffs so it makes sense.

I am getting into the markets part, that should be interesting.

[Hartmann]

http://www.eia.doe.gov/bookshelf/brochures...005primerM.html

And we can keep going...

53% of the costs of gasoline come from the price of crude oil. That sounds like a majority.

Notice in the pretty graphic that taxes went down as did marketing and the price of gas still rose.

[The Fanatic]

So does it make sense to get mad at Exxon for being an American based country making buku profits off something that's not in their control, or get mad at the combo of: abudabbabba across the pond, idiot investors all over the world, and lawmakers here who won't let us use the oil we have underneath our feet right now?

Did I say that I was mad at Exxon Mobil? The problem is that we are dependent on a foreign source of energy that is increasingly costing Americans more money while most people continue to make the same wage. And this oil "underneath our feet", i assume you are talking about the oil in Alaska, will only put a band aid on a problem that no one can deny. While drilling in Alaska is not neccasiraly a bad idea it's not going to solve the problem. China's, India's, as well as the united states' demand for oil is only going to increase driving the price of oil higher and higher. And while Exxon Mobil is an American based corporation, like all corporations it has no borders and is loyal to it's stockholders who are both American and international.

I heard a few of the senators talking about revoking the gas tax for the summer. That's the most idiotic thing I've ever heard, people will save what, $.18 a gallon, all the while the prices continue to rise.

I agree. Suspending the gas tax is not really going to make that much of a difference and in the end it is going to end up hurting the highway infrastructure.

[impala454]

It's futile guys.

"American car makers are idiots"
"American oil companies are gouging us"
"American healthcare sucks"
"Americans are destroying the environment"
"American law ________ is stupid"
"American government screwed us by doing ____________ "
"American __________ sucks, European/Canadian __________ is much better"

Are we seeing a theme here with Cat? The grass is always greener on the other side I suppose.

[The Fanatic]

America does not suck but there is a lot of room for improvement.

[impala454]

Did I say that I was mad at Exxon Mobil?

Well considering the title of the thread you created is "Exxon Mobil Profits" I dunno who else you're blaming.

The problem is that we are dependent on a foreign source of energy that is increasingly costing Americans more money

That's exactly what I said.

while most people continue to make the same wage.

what the heck does wages have to do with anything?

And this oil "underneath our feet", i assume you are talking about the oil in Alaska, will only put a band aid on a problem that no one can deny. While drilling in Alaska is not neccasiraly a bad idea it's not going to solve the problem.

But how long of a band aid is it? Would it help us for the next 50-100 years? We don't need a source of oil for the next 3,000 years. We just need one from now until alternative forms of energy take hold. When that is? Who knows. How long that oil up there will last? Not sure. I bet there's some number floating around here somewhere.

China's, India's, as well as the united states' demand for oil is only going to increase driving the price of oil higher and higher.

Not if we secure a large new source.

And while Exxon Mobil is an American based corporation, like all corporations it has no borders and is loyal to it's stockholders who are both American and international.

But they pay taxes to the U.S. and operate under U.S. regulations. And actually having international stockholders in American companies is wonderful. We want that.

[impala454]

America does not suck but there is a lot of room for improvement.

Yeah for sure. I think some people like Cat though have such a dim view, it doesn't let them see issues objectively.

[The Fanatic]

what the heck does wages have to do with anything?

If i'm making the same this month that i was this month but gas prices continue to soar that hurts my pocket book.

But how long of a band aid is it? Would it help us for the next 50-100 years? We don't need a source of oil for the next 3,000 years. We just need one from now until alternative forms of energy take hold. When that is? Who knows. How long that oil up there will last? Not sure. I bet there's some number floating around here somewhere.

I don't have a source but there were analysts talking on cnn about how there is anywhere from 5 billion to 10 billion barrels of oil in Anwar and that it would reach peak production in about 10 years or so. I'm not saying that drilling in Anwar would not help but at what cost? Is destroying the pristine ecological environment worth it? The longer we continue to feed this addiction the worse it will get. Oil companies are not stupid, they want to make as much money off of oil before it runs dry. I say we need to devise and implement alternatives NOW.

Not if we secure a large new source.

The U.S. is pretty much explored as far as oil reserves go. Any oil that we find is going to be expensive to extract and small compared to reserves in other parts of the world.

[impala454]

If i'm making the same this month that i was this month but gas prices continue to soar that hurts my pocket book.

Raising wages is not a way to solve the gas price problem... I'm still a little unsure of your correlation here...

I don't have a source but there were analysts talking on cnn about how there is anywhere from 5 billion to 10 billion barrels of oil in Anwar and that it would reach peak production in about 10 years or so. I'm not saying that drilling in Anwar would not help but at what cost? Is destroying the pristine ecological environment worth it?

But in what way would it "destroy the pristine environment"? Alaska is enormous. I honestly would have no clue how much of the land they would destroy just to drill it then pipe it down here.

The longer we continue to feed this addiction the worse it will get. Oil companies are not stupid, they want to make as much money off of oil before it runs dry. I say we need to devise and implement alternatives NOW.

This is starting to get into Cat territory... we are developing alternatives. Saying "we need it NOW" doesn't develop technology any faster.

The U.S. is pretty much explored as far as oil reserves go. Any oil that we find is going to be expensive to extract and small compared to reserves in other parts of the world.

Alaska is what I was referring to.

[Mommy]

To me, if companies like Exxon had any control over gas prices, the U.S. government would do something about it. Obviously our economy is struggling right now. Our dollar is weak and gas prices are at record highs. That's less money being pumped into other areas of the economy. So, let me get this straight, the U.S. government is going to take a 30-40 cent a gallon paycut from taxpayers before they regulate U.S. gas companies? Not likely. Let's think about this logically, people. Our country's hands are tied until we start drilling our own oil.

[impala454]

As far as the economy, everything I've read over the past week says things havent been as bad as predicted. Everyone was predicting doom and recession, and we actually still ended up with growth in Q1. Albeit small growth, but growth != recession. And although I don't watch it every day, the dollar was gaining on all fronts recently.

[Dogmeat]

I think it's absolutley fucking wonderful ExxonMobil, Chevron, Connoco, etc are doing as well as they are.

[Testm0nkey]

This is starting to get into Cat territory... we are developing alternatives. Saying "we need it NOW" doesn't develop technology any faster.

we HAVE a lot of the technology thats needed. just not enough people/businesses are using it

and again impala i dont hate america nor have i ever said it sucks. you're little quote pyramid was cute but irrelevant, a personal attack and untrue

[jwttu]

so for those blaming Exxon are you suggesting we switch to a communist govt?

[Dogmeat]

so for those blaming Exxon are you suggesting we switch to a communist govt?

nod