It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by Slothrop
reply to post by verbal kint
why do people fear and hate success so much?
Originally posted by disgustedbyhumanity
Their business is selling oil. When oil prices are high they are going to make a bunch of money. Their mission to their shareholders is to make as much money as possible for as long as possible. It is not to look out for the general public.
Do I agree that this should be the case? No. The system sucks. I do not think that any resource that is vital to the well being of the general populance should be in the hands of a for profit organization. that would include health care, telecommunications, basic food, water, sewage, energy/electricity, highways, etc. The quest for profit almost guarantees that these companies will not act in the benefit of the majority of the people.
Blame the system not the company. As long as oil is the driver of our energy program these companies will rake it in. Don't bitch about their profits, bitch about why such a neccesary part of everyday life is in the hands of profiteers.
Originally posted by TXMACHINEGUNDLR
I dont need a IQ of 140 to understand supply vs demand. They are selling us 4 dollar a gallon gas because we will pay it.
Originally posted by Solarskye
We buy it and they make the profits.
And that profit CNN shows is not including expenses. Where's the profit margin?
In 2005, ExxonMobil surpassed Wal-Mart as the world's largest publicly held corporation when measured by revenue, although Wal-Mart remained the largest by number of employees. ExxonMobil's $340 billion revenues in 2005 were a 25.5 percent increase over their 2004 revenues. ExxonMobil has committed roughly 0.4% of their profits (0.04% of total revenue) towards researching alternative energy, significantly less than other leading oil companies.
In 2006, Wal-Mart recaptured the lead with revenues of $348.7 billion against ExxonMobil's $335.1. ExxonMobil continues to lead the world in both profits ($39.5 billion in 2006) and market value ($460.43 billion).
As the cost per gallon of gasoline has continued to rise, there is criticism of the petroleum industry in general and ExxonMobil in particular, about their profitability, although their profit margin of 10% remains well under other sectors such as pharmaceuticals and banking. .
As of April 01, 2008 ExxonMobil occupied all 10 slots for Top Corporate Quarterly Earnings of all Time.
Google makes more profits than the oil companies do, but are we gonna do something about that?
No, because we don't hate google. Why are we trying to punish companies that are doing good?
Is this the new America? " HEY!! You're doing to good while my business is doing nothing so you should be punished!!"
It's called a free market folks. The profit of government taxes on fuel is higher than what the oil companies make.
And now the government wants a "windfall profit tax " added to the mix.
More money for government, less jobs for consumers, higher gas prices etc...
When our government dictates what prices should be for a business then we are living in a communist country without a free market and without chose.
These high prices on fuel and the record so call profits the oil companies are making is not their fault.
Look back in history and you'll see that there are no new refineries, environmentalists have stalled drilling for oil and there's 90% of oil in America that hasn't been touched.
Raising taxes are not going to help us out and I bet it will hurt us in the long run, just look back to the 1980's when they tried it.
All those taxes collected by our government and no new energy has been discovered, no new refineries.
Nothing has been done except buying oil from other counties.
Until we can find new resources and better environmental resources we have to use oil and stop bringing our country down. Free market does work but we have to leave government out of it.
Originally posted by TheRedneck
I dunno, maybe they sold an awful lot of gas, diesel, heating oil, propane... did you buy any of it?
I was waiting on this thread ever since I heard the story. Their purpose is to make money. If the product is too expensive, you can always quit using it.
banning abusive behaviour by a firm dominating a market, or anti-competitive practices that tend to lead to such a dominant position. Practices controlled in this way may include predatory pricing, tying, price gouging, refusal to deal, and many others.
Originally posted by Topspike
Isen't it about time to drop the 2-3 cars per family, and get over your ego's.
Start carpooling to and from work... take the damn bus, you can even snoose to and from work.
Instead of driving 1/2 mile to pick up a few items at the store, walk. Stop lining the pockets of those motherf..... fat cats, dealing that black gold.
It really pisses me off, that the music industry keeps catering to these company's as well. Seem's like every artist in the damn neighborhood, needs to have at least 1 or 2 trick'd out SUV's.
Bigger cars and bling bling, that's all young kids see these days on MTV. It's time to wise up America...
It wouldn't take many days without driving, b4 things got alittle better.
Hell how many hours a week, do you actually have to work, just to pay to get to work.
It's time to STRIKE
Originally posted by jascott1
I am not defending the Oil companies, but Exxon Mobile is one of the largest companies on the planet. They have enormus gross revenues. There profit margin though is lower than that of Microsoft or Pfizer. They simply just do more volume. I have not read all the replies, but I bet nobody has mentioned the fact that the federal government of the United States took 32.7 Billion dollars on taxes in the last quarter from Exxon. A company exist for the sole purpose of increasing the wealth of the stockholders and that is it. The government did nothing to earn that tax revenue. At least the Oil Companies, researched, explored, extracted, refined, and shipped the product so we could use it!