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10-05-2012, 10:35 AM | #3826 |
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Well, Obama did tell everyone the other night that Exxon makes too much money.
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10-05-2012, 10:36 AM | #3827 | |
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Corporate profits are at an all time high. These ****s are leading the way. This country hasn't built refineries in decades. Nice job ****ing america for $$$. ****ing criminals.
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10-05-2012, 10:38 AM | #3828 | |
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Quote:
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I think the young people enjoy it when I "get down," verbally, don't you? |
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10-05-2012, 12:23 PM | #3829 |
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Down 2.33 now to 89.38
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10-05-2012, 12:30 PM | #3830 |
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Absolutely. If we feel it's necessary to control cable, phone, and electric prices, we should ABSOLUTELY be doing it with oil.
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10-05-2012, 12:37 PM | #3831 |
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You are aware that crude is a globally-traded commodity, and that gasoline is refined from crude, yes?
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I think the young people enjoy it when I "get down," verbally, don't you? |
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10-05-2012, 12:56 PM | #3832 | |
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And let's be clear. Gasoline and oil are a necessity of modern life. Putting all of that extra money into the rest of the economy would probably help as well. |
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10-05-2012, 01:00 PM | #3833 | |
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And, as has been said, the profit margin for the energy companies is actually relatively low.
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I think the young people enjoy it when I "get down," verbally, don't you? |
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10-05-2012, 01:06 PM | #3834 |
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I'm ignorant to this compared to you. I admit it. Explain to me if you will how $48 billion dollars in net profit for 1 company of many in this industry is relatively low?
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10-05-2012, 01:07 PM | #3835 |
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10-05-2012, 01:08 PM | #3836 |
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I wonder how much gas would cost in a Nationalized non profit setting. I remember hearing someone say that a guy who worked in the industry stated that anything over 1.50 a gallon for gas equaled being raped. Now, this was supposedly a few years ago, but I can't imagine the inflation being more than say, $2 a gallon now. There is no doubt these guys would be turning a profit with gasoline at $2-$2.50 a gallon.
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10-05-2012, 01:09 PM | #3837 |
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My heart bleeds for them.
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10-05-2012, 01:10 PM | #3838 |
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10-05-2012, 01:11 PM | #3839 |
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Because the actual dollar amount isn't important. Net profit margin is. The major energy companies make about 8% profit margin, which basically means that they make $0.08 of profit for every dollar of revenue.
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I think the young people enjoy it when I "get down," verbally, don't you? |
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10-05-2012, 01:13 PM | #3840 |
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So they spend roughly $500 billion in order to make that $48 billion?
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