Exxon Mobil makes big bucks

[Geggy]

I wonder what they'll do with all the profits they've made. Donate it to New Orleans? :lol

Exxon Mobil profit rises on soaring prices (http://today.reuters.com/news/articlenews.aspx?type=businessNews&storyid=2006-04-27T124209Z_01_WAA000191_RTRUKOC_0_US-ENERGY-EXXON-EARNS.xml&rpc=23)
Thu Apr 27, 2006 8:42am ET

NEW YORK (Reuters) - Exxon Mobil Corp., the world's largest publicly traded oil company, on Thursday reported quarterly profit surged, driven by rising oil prices.

Net income in the first quarter was $8.4 billion, or $1.37 a share, up from $7.86 billion, or $1.22 a share, a year earlier.

Revenue jumped to $88.98 billion from $82.05 billion.

Crude oil prices have risen steadily from about $20 a barrel in 2002 to over $75 last week, handing oil and gas companies a long-running profit bonanza.

But the fat profits have also angered U.S. drivers grappling with rising gasoline prices and provoked sharp criticism of Big Oil from lawmakers and consumer advocates.

© Reuters 2006. All Rights Reserved.

[kahljorn]

Despite that I don't know if this article is accurate or true, I've been wondering about this ;/ I remember the last time they raised gases they made record profits and it was an "Accident" so I wonder what their excuse will be this time.

[El Blanco]

Morons that buy gas guzzling vehicles to go three blocks to the store?

I know, it is really difficult to imagine that a company providing the most highly sought after product in the world is making hand over fist.

[Geggy]

Despite that I don't know if this article is accurate or true, I've been wondering about this ;/ I remember the last time they raised gases they made record profits and it was an "Accident" so I wonder what their excuse will be this time.

I'm pretty sure it wasn't an accident. When information like this comes around for the second time, it totaly contadicts their statement. I mean do you even own a car? Cuz if you do you would notice that exxon and mobil sells the most exspensive gas than any other station, except for shells (I think) I'm pretty sure they will blame the muslims this time around.

[ziggytrix]

it's a real problem for our nation's truck drivers tho.

[Geggy]

Yeah I worry that price for everthing will go up to keep up with truckers' income

[ItalianStereotype]

to keep up with the truckers' income? uh, geggy, they don't make that much money. is there anyone who ISN'T in on this conspiracy?

[Geggy]

Some of the money you use to pay for the product goes to the truck driver who delivered the product. Is that so hard for you to understand?

[ItalianStereotype]

sooooo how does that translate into MEGA CASH SUPER CONSPIRACY RED PILL

[Geggy]

Heh you're crazy. I like you but you're crazy.

[ItalianStereotype]

wait what

[kahljorn]

Raising the gas prices has no economic repricussions. None at all. Also raising them unnecessarily high and making record profits rather than just adjusting with the market means nothing. Nothing at all.

Thanks for all of your wonderful input.

[Geggy]

Wait I dont understand. Do truckers pay for gas with their income or the companies that that truckers deliever the products for do?

[ItalianStereotype]

the companies they work for pay for their gas. truckers aren't banking it away from raised gas prices.

kahl, what? who are you talking to?

[kahljorn]

Geggy, I think it depends on the company. More than likely some companies who actually hire drivers to work for them might pay for gas, or mileage, while drivers who do more contract oriented work pay it out of their pocket.

Your point is horribly valid, like El Blanco said, "the most highly sought after product in the world". This means tons of people use it for various economical factors- commercially and industrially- and obviously for personal uses, thus a raise on the gas price effects all of those factors in some way.

IS, I wasn't really talking to anyone, I was just being sarcastic.

[Geggy]

Italian, you're missing the point. I'm not saying the truckers are going to bank away if the price for everything goes up. I'm saying that companies will require to pay more for gas hence it will have some impact on them finacially. The only way and to keep them financially levelled, they will raise the price of the product to be able to afford to pay truckers' income because I doubt the ceo's will want to cut down their profits.

One way to keep the companies to keep themselevs finacially stable is to cut down on overtime and that pisses me off, because it will clog up the highway and it's going to take me even longer to get home by car.

[ziggytrix]

Every single independent trucker pays for his own fuel right out of his own pocket.

Corporate truckers would likely pay for it in layoffs, decreased benefits, or other subtle ways, but they'll pay for it if the customer doesn't.

[mburbank]

How much it costs gas guzzlin' SUV and Penis compensation Trucks is the ONLY silver lining to these prices.

Here's the only thing I've read that makes sense to me in terms of citizen action, besides the obvious measure of conserving as much as you're able to. Boycott Exxon Mobil. Free Market, right? I may have to fill up, but I can choose the station I fill up at. As the biggest pig at the trough, Exxon Mobil sets the bar. They could easily afford to bring their prices down, but what motivation do they have? Lets motivate them. Don't buy their product. Get a price war going. The most important thing to do is not to cave if they drop their prices by a penny or two. I have no idea what sort of popularity the boycott would need to have any impact at all, but it's worth doing.

In addition, and this is me personally, there's profit and there's obscenity. Gas prices affect the whole economy. I'm not expecting corproations and their CEO's to act altruistically, but when the already bloated start shoving ten times as much money up their asses as they already were, it's distatseful. There is just no damn reason to be that rich. I don't care what you do, what long hours you work, how much smarter or ruthless or just plain lucky you are, after your first billion or so you DON'T NEED ANY MORE.

[george]

max, the problem with boycotting any one fuel company is that they sell gas to each other.

if exxon has a day they dont sell any gas to us they will just sell it to bp or texaco. you cant boycott these guys.

as for shortages of refined oil, the towel head in charge of refineries in Qatar said the other day that they have so much gas in storage over there that they may have to shut down refineries because they dont have nowhere to put the stuff.

we are being raped by the oil companies no one is going to do a damned thing about it.

[ziggytrix]

one can anyone do about it anyway?

maybe bust up the psuedomonopoly by passing regulations to keep them from acting like one giant company?

anything else?

this is a portion of the energy industry though, and the energy industry rules the world.

[george]

there is only one way to stop them, alternate energy.

but ALL alternate energy sources are a joke. why? cause the guys that run the current industry keep it that way.

we are doomed. they will bleed us dry for as long as humanly possible cause NO ONE who could do anything about it will (ie congress). fuel prices will go down pretty quick when we get near the elections in november, then watch them go right back up once the republican majority is maintained.

vote for whatever fag says he'll make it his goal to cornhole oil, and big business in general, he wont, but at least it will be a vote for the best liar.

[El Blanco]

ok

[Preechr]

Y'see... THIS thread is a great example of why it's so important for me to finish things. If I had finished that explanation of economy, I wouldn't have to sit down here tonight and answer all these terrible misconceptions... I think the lesson to be learned here is that kahljorn shouldn't be so infuriating to talk to so we can all stay on point and finish our thoughts.

Y'know, I honestly thought that since it took soooo long for someone here to memorialize the "gas scandal" in thread form that you guys were generally looking at this from a level headed perspective. Since that's obviously not the case, I'll try to help you out with that tonight, after work.

[kahljorn]

lol i love it when you attack me and end up just getting embarassed in the end. Like in the evolution thread. And the thread before that. And every thread where you try to contradict me but end up getting irritated and pissing your panties and not responding(I'm not even saying I'm always correct, just that you can't handle debate). You only get infuriated because you can't respond to anything I say, which to me indicates a weakness on your part, like you don't think out what you're saying or something.

Respond to my evolution comments. I really want to see you worm out of the fact that I was staying on topic of why evolution should be in a classroom, and you were arguing why evolution isn't a sound theory :lol You have no idea what science is, and I'm going to go out on a limb and say you don't understand anything about politics or economy either. I know jackshit about it, but I understand fluctuations in the market due to increased resource cost. I also understand it's not necessarily going to effect every single thing in the world.
If you're going to make a response quit unnecessarily attacking people(because contrary to popular belief attacking people isn't really responding on topic) and divulge your SECRET INFORMATION. I like it how you key into this thread acting like you know some classified secret information knowledge you hold closs to your benevolent heart you're willing to share with us if only we're good enough.

Also it's not that hard to ignore people, you pussy.

Boycotting one gas thing won't do anything, really. Their prices are on the same level around here. We've only ever bought from BP and everybody I know does the same, so I'm not sure it will have much of an effect, and even if it did we'd be trading 317 a gallon for 311 a gallon. Just not much of a difference there.

P.S. I wasn't the only one talking about this situation in that manner. So get off my cock, I know it's big and all but I don't really like blow jobs, they feel like I'm being tickled. I don't like being tickled. Do you like to tickle cocks? Will you tickle it for a nickle? lol no but seriously you're stupid.

PPS I hope that last comment didn't infuriate you to much.

[mburbank]

Preech, can you let me know if you're going to say anything that would talk me out of thinking anyone with more than a Billion dollars should be dragged out of their palace and ground up into pet food?

[KevinTheOmnivore]

No, but he will yell at you for not agreeing with him, and he will tell you why you're not understanding him. And then he will talk about the welfare state and "economy". :)

[kahljorn]

Then he'll piss his panties and sell them on ebay for 15 dollars. NET PROFIT FOR PREECHR. We all know who the real winner is here, maybe we should just stop being jealous. Trickle-down effect indeed!

[Preechr]

Nevermind. I give up. You guys are hopeless.

You already know what I'm gonna say, and I already know every pathetic, illogical argument any of you might throw my way in rebuttal.

Well, 'cept for max. He can still be surprising.

Sorry for butting into your perfectly rational discussion.

If you actually ever need to understand something, feel free to ask. I'll just be over there in the corner eating pudding.

[KevinTheOmnivore]

Or, what khal and I said.

[Sethomas]

I had a libertarian friend once spout out ex nihilo what bullshit it is that grocery stores put up signs saying "Please return carts to designated areas in the interest of keeping prices low". While that statement is certain to spark hot arguments on its actual plausibility, you can't really deny that the idea is grounded in reality, and you can't really argue that two extra minutes in the day's work of a minimum wage employee is going to jack the price of canned tomatoes to absurdity.

What did strike me was the fact that he was bitching about an exaggeration which his platform would praise as perfectly legitimate exercise in the free market system.

[kahljorn]

Why don't you say what you were going to say, Preechr? If you said everything you were going to say and stopped having intermitions in between thoughts like some kind of pedantic ego-worshipper waiting for people to have the same noble thoughts about you that you have for yourself, we might actually get somewhere in our conversations.
Just because we aren't kissing your ass doesn't mean we aren't listening and waiting for any bits of knowledge we might pick up. Personally, even when I'm arguing with someone I still try to learn from them. That's what is interesting about arguing, I think, exposure to new knowledge.

Seriously, please tell us why gas prices being raised have no effect on the economy. Will you please Mr. Preechr man?
And like I said just give it all to us now without those intermitions you usually do that way our illogical arguments can't get in the way of your reasoning.

:lol you know I was going to edit and delete this reply just because it's too much, so if the above reply doesn't satisfy just replace it with a ' :lol what's this guy thinking? '

[Ant10708]

Preech, can you let me know if you're going to say anything that would talk me out of thinking anyone with more than a Billion dollars should be dragged out of their palace and ground up into pet food? Bill Gates seems to help alot of people in poorer countries which vaccinations and such. I'd say he is a very charitable person.

[Dr. Boogie]

True, but you can't download a tank of gas off of a warez site.

[Ant10708]

Yeah but you can steal it easy enough from another vechicle if you are determined.

[Dr. Boogie]

But again, there's no risk of poisoning involved when you download Windows. Unless you buy into that myth about Gates keeping ninjas on the payroll.

[kahljorn]

You guys know that when rich people give donations and are 'charitable' they get tax breaks, right?
Compare how much these people gave as charity to how much money they make/spent on shit no person alive could possible need, then we'll talk.

[Archduke Tips]

The only group that bears the burden of the rising cost of gas is the end consumer.

[Sethomas]

Adam Smith would find you just adorable.

[El Blanco]

But again, there's no risk of poisoning involved when you download Windows.

Cuz Windows is the poison

Unless you buy into that myth about Gates keeping ninjas on the payroll.

People are idiots. Those are samurai.

[mburbank]

A.) I did not intend to start of round of Preechr bashing. I like him.

B.) I'm still curious about my dogfood question.

C.) Rich people who give lots of money to poor people are certainly better than rich people who don't. Rich people who don't are first in the dogfood line of my mind. BUT until you give away all the money you make beyond what keeps you and your family reasonably comfortable and ensures the generation of future funds to secure the same, You're still on the line. How many houses can you live in at once? How many cars can your drive, or boats, or planes? You get my drift.

D.) I'm not arguing for a dictatorship to enforce my personl beliefs. I'm just saying what they are. I'm not even suggesting a system for enforcing them at all. I just think if you have more money than you even know what to do with, you should give it all away until you have only enoough money left that you can think of non ludicrous things to do with. AND IT'S MY RIGHT TO THINK THAT FUCKERS!

E.) Oh, and Preech should be excommunicated for being arrogant and thinking he knows more than other people on I-mockery.

[Archduke Tips]

Rich people will continue to become richer because they rent out their money and property to others.

A lot of Americans rent property and take out loans and have to work hard to pay them off. In the end, all their work gets them nothing. The material goods they acquire devalue too quickly.

That is how the rich stay far above the middle and lower class, and it is how they will stay there.

However, it won't last forever (in the US). The dollar is weakening.

All forms of economy will fail eventually. People are naturally greedy (whether it be for power or money) and will always find a way to exploit the system. Some forms of economy (capitalism) may last longer than others (communism).

The best form of economy is the one that recovers quickly from failures (depressions).

[El Blanco]

C.) Rich people who give lots of money to poor people are certainly better than rich people who don't. Rich people who don't are first in the dogfood line of my mind. BUT until you give away all the money you make beyond what keeps you and your family reasonably comfortable and ensures the generation of future funds to secure the same, You're still on the line. How many houses can you live in at once? How many cars can your drive, or boats, or planes? You get my drift.


So, all of your money goes just to the essentials? And what is reasonably comfortable?

[ziggytrix]

i keep looking for the word "essential" in that quote, but i'm just not seeing it. :(

you bring up a good point that "reasonably comfortable" is a very relative description, tho.

[mburbank]

That is the rub.

I guess I'm the arbitor of that.

I'm kidding of course.

No, it has to be self determined, of course it does. But I defy anyone to tell me they can actually feel any sort of life style difference between being a Billionaire and a multi billionaire.

I would say when you reach a point where you cannot even experience accrued wealth, you really ought to be spending down until you can. That's sort of my minimum idea of a bar.

After that, I feel like it's just about taking stock of your situation. If you have more cars than family members, is that good? If you own several really large houses, should you?

I don't even disbelieve in wealth. It gives you something to strive for. But the Uber Wealth we see today, strikes me, personally as immoral.

I'm aware it's all a game of comparisons. I know my level of wealth is Uber wealth to street orphan in Calcutta. But I think that means I also should give some thought to what my needs and reasonable luxuries really constitute, not that people with vast tracks of land and gold plumbing fixtures shouldn't.

[Preechr]

Preech, can you let me know if you're going to say anything that would talk me out of thinking anyone with more than a Billion dollars should be dragged out of their palace and ground up into pet food?

Not any more, I guess.

Personally, I blame Kahl and Kev.

I don't think I could possibly be more arrogant while knowing more than other people, here and most places.

[kahljorn]

I've had little kids use that type of attitude on me before, but I'll try to refrain from talking to you or insulting you any further as long as you promise quality posts and no more complaining.

[VinceZeb]

A.) I did not intend to start of round of Preechr bashing. I like him.

B.) I'm still curious about my dogfood question.

C.) Rich people who give lots of money to poor people are certainly better than rich people who don't. Rich people who don't are first in the dogfood line of my mind. BUT until you give away all the money you make beyond what keeps you and your family reasonably comfortable and ensures the generation of future funds to secure the same, You're still on the line. How many houses can you live in at once? How many cars can your drive, or boats, or planes? You get my drift.

D.) I'm not arguing for a dictatorship to enforce my personl beliefs. I'm just saying what they are. I'm not even suggesting a system for enforcing them at all. I just think if you have more money than you even know what to do with, you should give it all away until you have only enoough money left that you can think of non ludicrous things to do with. AND IT'S MY RIGHT TO THINK THAT FUCKERS!

E.) Oh, and Preech should be excommunicated for being arrogant and thinking he knows more than other people on I-mockery.

He does more than other people on I-mockery, althought that isn't saying much.

[KevinTheOmnivore]

What does "doing stuff" on I-mockery consist of anyway?

Preechr, you can't handle serious discussion. I can't speak for kahl, because I frankly haven't read every single exchange between you guys. But the pattern I've seen over and over again is you getting confronted, you getting defensive, and you claiming victory. I'm not saying it isn't amusing, but please, drop the boohoo attitude.

If you'd like to take up the discussion on McCain (but more so the agenda of the GOP) again that'd be fine. Maybe you can learn me in fewer words this time .

[Preechr]

If at any point either of you would like to spend as much time as I have attempting to explain your points of view on McCain, the GOP, evolution, or whatever else, please feel free to do so. "Nuh-UH!" isn't a valid argument. You have to explain why you disagree. Insulting your opponent, while fun, is not a point of discussion in and of itself... Neither is making fun of someone else's point.

The pattern I have shown is that of making a point, having it ignored, then making it again, and again, and again... till I get sick of the pointlessness (on both of your sides) of such an exchange.

Then, the pattern you both seem to have adopted is basically, after ignoring whatever it is I've tried to explain to you for three pages of posts, you say "Oh, I understand exactly what your point is, but you're a stupid stupid head. Haha! Neener neener!"

I couldn't possibly claim victory in any of these "discussions." They never went anywhere. I've gotten further talking to my dog.

As I said, please feel free to make any points on anything you wish, but don't expect me to respond automatically. If you do a good job, and I find that your post is interesting and well- thought-out, I might try once again to discuss it with you. That's mostly directed at Kevin, since I have no hope left for Kahljorn at all...

[mburbank]

I just want to chime in and say I think "Nuh-Uh." is the ONLY valid form of argument. Oh, and slap fights. And cat fights if it's two chicks.

Rrrrrrrr.

This is the internets. For all I know you are all chicks. And you look like whatever I want you to look like in my head.

Rrrrrrrr.

[KevinTheOmnivore]

I will pull up that McCain thread.

oh, and btw, incase you weren't aware, you're a ginormous baby, Preechr. just so you're aware for future reference.


"Pretty much the same with Kevin, but with him, he just thinks that everything he's learned so far is alll there is to learn."

Try bringing some substance (and some citations) to a discussion, and then we'll talk.

Better yet, talk about the welfare state. Why actually bring substance when you can merely bury people in crap? It seems to work for ya....

[george]

congress is hearing testimony on how the price of crude oil in the futures market has no real bearing on the price of gasoline today.

also of note, several economists are going to explain why the oil futures market should be regulated to keep oil companies from profiteering off the american public.

nothing will come of it.

[kahljorn]

I doubt it. They made a big deal out of it the last time the prices were high, and now they are high again, and probably only going to be getting higher with summer coming.