Originally posted by Solarskye
We buy it and they make the profits.
Not a problem as long as they are not breaking laws ( collusion etc). Since they are it's a problem.
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
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 can do without google but not without oil. We use google because it's convenient whereas with oil we use it because it's almost
impossible because it is exceedingly, if not impossible, to do without it. Google does not ,btw, make more profit than Exxon.
No, because we don't hate google. Why are we trying to punish companies that are doing good?
What is so good about about Exxon Mobil? Do they not mine the resources that belongs to the people of the various countries they operate in while only
paying measly taxes? What's so great about that?
Is this the new America? " HEY!! You're doing to good while my business is doing nothing so you should be punished!!"
These are not mom&pop operations and they were NEVER what Adam Smith intended with "invisible hand" or "freedom to trade'. These corporations do
not strive to enrich the world or to 'do good' but the maximize profits and control by restricting the size of the pie and making waves while not
allowing the tide to rise .
It's called a free market folks. The profit of government taxes on fuel is higher than what the oil companies make.
There is nothing free about the so called free market and i am not surprised that the government that enables vast oil profits would demand a good cut
of it which will enable it to buy aircraft carriers and destroy oil producing nations thus ensuring that oil company profits will keep rising.
Tell me if your not following ....
And now the government wants a "windfall profit tax " added to the mix.
Yeah sure? They are after all experiencing the backlash that comes from prosecuting illegal wars and getting young American men and women killed.
Wouldn't you want a larger cut off the pie if you were risking your political future?
More money for government, less jobs for consumers, higher gas prices etc...
The oil business itself is by no means labor intensive so lets not kid ourselves that they are providing jobs that industrialized solar/wind
turbine/tidal generators or hydro developments could not.
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
There is no free market to speak of anywhere on this planet and until most governments become truly representative we will only know what the people
want and that they are making slow progress in getting it.
These high prices on fuel and the record so call profits the oil companies are making is not their fault.
How can profits achieved by design be a 'fault'? What does it matter if they make that profit by massive government subsidy or by stealing the
national treasures of so many countries when we know that they will continue to do whatever they can get away with to reward their shareholders?
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.
Absolutely. What is however VERY surprising is the fact that environmentalist have had so much success in doing all these things when the far larger
anti-war movement or movements for living wages and the like are achieving such comparative small success? Is it not as obvious to you as it is to me
that that movements who are so very successful so very fast are mostly so because they are playing into the hands of capitalist?
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.
Raising taxes on corporations is only appropriate while they use the natural resources that is under OUR land. WE could exploit our own resources by
the taxes we generally pay if only such industries were nationalized and thus in the public domain. As long as we can have vigorous democracies where
the people's wishes are enacted we have no need of corporations and profits because all corporations will serve the common good of their host
All those taxes collected by our government and no new energy has been discovered, no new refineries.
Because that was never the intent! Governments and energy companies collude because governments are mostly composed of the corporate classes and thus
in their service to further their common ends in gaining as much control as they can of their consumers by restricting as best they can their access
to energy and resources.
Nothing has been done except buying oil from other counties.
Which is necessitated by their aim of attempting to control the flow of energy and resources the world over. If you can't after all find apparently
good reasons to intervene in foreign countries you can't very well us the armed forces of various nations to enforce your corporate will. The reason
they are attempting to destroy resource/capitol barriers between nations is not because they are trying to spread 'freedom' but because they wish to
create a 'common good'( everyone and everything connected; a global house of cards if you will ) which they hope to abuse by destroying all social
systems that attempts independence from a centralized corporate new world order.
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.
Vacuum energy extraction technologies ( to say nothing of solar,wind, hydro and tidal power) have been possible for more than a hundred years so
basically the oil age never had to happen. Since the market has never been free it is therefor hardly surprising that governments are co opted and
prevented from doing what their voters in fact wanted.