Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
Gas prices, anyone notice...
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="_CY_" data-source="post: 2090531" data-attributes="member: 7629"><p>what total BS! </p><p></p><p>measured by what? manipulated net profits %, not even looking at gross receipts that total in $$$ trillion dollars. again BIG oil like any HUGE corporate has teams of tax accountants who's job is to pay the lowest tax possible. </p><p></p><p>look at the mass consolidation of BIG oil the last few years... BIG oil had no choice but to spend those MASSIVE cash receipts on assets or pay taxes on it. note in no way shape or form am I saying software companies are not making $$$ ... but to compare net % profits to a business like BIG oil who is completely different in terms of hard assets makes NO sense at all. </p><p></p><p>unfortunately there are LOTS of folks just like you, who actually believe in this BS!</p><p>BIG oil are the most profitable companies on the face of the earth....</p><p></p><p>in America due to the MEGA mergers that was allowed by so called regulators ... cost of production for fuel has NOTHING to do with supply and demand for almost a decade. it took Katrina 8 years ago to give BIG oil an excuse to jack up fuel prices by double almost overnight. </p><p></p><p>for all practical purposes .. there is NO competition.. no collusion needed to jack up fuel prices, BIG oil controls such HUGE regions that they simply change prices at will. </p><p></p><p>unlike software ... we've got no choice but to pay what ever is charged for fuel to get to work. no one has to buy Apple... they compete by offering world class products. now that Samsung is also offering world class goods, they are now dominating. vs how much difference are there really from fuel brand to brand? sad truth is we've got NO choice but to pay what ever is charged to get to work. </p><p></p><p>BIG oil extracted $1.135 Trillion dollars from US economy in 2011. when numbers comes out for 2012, should be the same or slightly higher. there is NO way yanking that much $$$ out of US economy and not effect it. higher fuel prices are one of the main causes for the worst recession since 1929. </p><p></p><p>conoco/phillips gross sales for 2011 according to sec filings is 230.56B</p><p>apple gross sales for 2011 according to sec filings is 108.6B</p><p></p><p>Exxon Mobil gross sales for 2011 according to sec filings is 433.53B</p><p>BP Amoco gross sales for 2011 according to sec filings is 234.25B</p><p>Chevron gross sales for 2011 according to sec filings is 236.54B</p></blockquote><p></p>
[QUOTE="_CY_, post: 2090531, member: 7629"] what total BS! measured by what? manipulated net profits %, not even looking at gross receipts that total in $$$ trillion dollars. again BIG oil like any HUGE corporate has teams of tax accountants who's job is to pay the lowest tax possible. look at the mass consolidation of BIG oil the last few years... BIG oil had no choice but to spend those MASSIVE cash receipts on assets or pay taxes on it. note in no way shape or form am I saying software companies are not making $$$ ... but to compare net % profits to a business like BIG oil who is completely different in terms of hard assets makes NO sense at all. unfortunately there are LOTS of folks just like you, who actually believe in this BS! BIG oil are the most profitable companies on the face of the earth.... in America due to the MEGA mergers that was allowed by so called regulators ... cost of production for fuel has NOTHING to do with supply and demand for almost a decade. it took Katrina 8 years ago to give BIG oil an excuse to jack up fuel prices by double almost overnight. for all practical purposes .. there is NO competition.. no collusion needed to jack up fuel prices, BIG oil controls such HUGE regions that they simply change prices at will. unlike software ... we've got no choice but to pay what ever is charged for fuel to get to work. no one has to buy Apple... they compete by offering world class products. now that Samsung is also offering world class goods, they are now dominating. vs how much difference are there really from fuel brand to brand? sad truth is we've got NO choice but to pay what ever is charged to get to work. BIG oil extracted $1.135 Trillion dollars from US economy in 2011. when numbers comes out for 2012, should be the same or slightly higher. there is NO way yanking that much $$$ out of US economy and not effect it. higher fuel prices are one of the main causes for the worst recession since 1929. conoco/phillips gross sales for 2011 according to sec filings is 230.56B apple gross sales for 2011 according to sec filings is 108.6B Exxon Mobil gross sales for 2011 according to sec filings is 433.53B BP Amoco gross sales for 2011 according to sec filings is 234.25B Chevron gross sales for 2011 according to sec filings is 236.54B [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
Gas prices, anyone notice...
Search titles only
By:
Top
Bottom
