Originally posted by fbipeeperjr
As to the OP:
We're not in a recession. We have yet to see a single quarter of negative growth in the USA, much less the 2 in a row needed for "recession".
Roll your eyes all you want and claim we are cuz you FEEL that way, but it's simply not fact.
"if inflation is taken into account, the GDP growth was negative for the past two quarters, making it a technical recession. In a May 9, 2008
report, the chief North American economist for investment bank Merrill Lynch wrote that despite the GDP growth reported for the first quarter of 2008,
"it is still reasonable to believe that the recession started some time between September and January", on the grounds that the National Bureau of
Economic Research's four recession indicators all peaked during that period."
you and that other high and mighty fellow should relax and rather than spout off as if your opinion is the word of god, simply recognize that there
are often times (this being one of them) when opposing viewpoints may be equally valid.
My behind is just fine
have you really looked lately?
You said "shouldn't we do something about it?" Ok.. don't buy gas. That simple. Do you mean take their money? Take over their property? Laws
and regulations? You do realize that these are real people, that's their property, and they don't even have to sell it to us if they don't want.
You should be sending them a TY letter. You wanna make a law that they HAVE to sell it to us at I'm sure the price YOU want them too... Ok, I want a
law that you HAVE to buy it at a price THEY want. That's just as silly and tyrannical.
Please take note of where your closing quotation marks for my statement are. They're right after "it?" That's what I said. Everything after
that is what YOU said. There's a difference. You're awfully pumped up for a person reacting to his own suppositions. Maybe instead of venting your
pent up feelings at me, you should address them with yourself and save us the time reading 2nd hand information about your issues.
As for the law you requested ("...HAVE to buy... THEY want."), in effect, it already exists. Didn't you then call it silly and tyrannical...
You want to know why they make so much money? Instead of taking profit and putting it back to use with exploration, new rigs, new pipes... they
already know where the oil is, and they are not allowed to expand. You want to see those profits go poof, all you have to do is let them expand.
You'll see most of that profit disappear into new equipment, new jobs for people, new supplies. It's what companies do.
maybe I'm just simple minded, but regardless of whether or Exxon is being oppressed, I'd say that whatever company (minus the gov't of course) is
setting all-time profit records has expanded quite enough. I'm not saying they necessarily should be stopped (and maybe they should, I wouldn't
know) I'm just saying whatever it is they're involved in should get a second look cause they're settin these records at a time when most people and
companies are havin kind of a tough time - as opposed to setting world profit records that is.
BTW - heres how stifled Exxon's expansion is:
ExxonMobil maintains the largest portfolio of development and exploration opportunities among the international oil companies, which enable the
selectivity required to optimize total profitability and mitigate overall political and technical risks.
That's from sharebuilder.com's company profile for ExxonMobil.
And, if you really hate the fact that a company is making money.. then buy it! You can! Exxon is owned by anyone who wants it. All it will take is
a call to your stock broker, and you're now an evil oil overlord! Even with the record profit, the stock is massively underrated and very
affordable. This is mainly due to the fact that most people are afraid in investing in oil companies because of people like you. People who think
it's just fine to take over people's property, or steal their money because you "feel" it's unfair somehow. Hey, Exxon is mainly owned by people
of the USA... shouldn't we cheer their accomplishments? That is... unless you're an american hating commie.
Gee buddy, I don't remember saying a word even simlar to hate?
Well, if you consider $76 a share affordable then cool for you. Over here, I'm havin a tough time sackin away that kind of investment capital.
You also say, "most people are afraid of investing in oil companies." really? is it this fear that tripled their stock price in the last four
Why did you put, "feel" in quotation marks. For example, I did so because I was referring to the word itself rather than it's meaning. And
Judging by the pin point accuracy of your statements thus far, I'd like to see a reference as to the nationalities of ExxonMobil share holders before
I'm comfortable believing it's "mainly owned by people of the USA".
Kudos to exxon for doing such a great job for the tens of thousands of USA share holders, even though the government and fools are out to get them.
I also thank them, for only taking 1/4 of the profit from a gallon of gas, as the government takes. Yes yes, no one wants to bring that up, but for
every penny that exxon makes on a gallon of gas, the government makes 4 pennies for doing absolutely NOTHING. I think we need to be doing something
about the government's 44 billion......
Again, if you're gonna speak with authority, please be one: Exxon takes roughly 1/4 of their profits - which translates to 1/3 as much as the
government takes - the gov't taking 3/4 of the profits. Thus for every penny Exxon takes, the gov't takes three. geesh.
... oh yeah, and for all the 8% margin people out there, it's actually closer to 10%. look it up.
Last I checked I didn't see one person in support of the gov'ts treatment of Oil companies. Heck for the gov't in general. I don't know why you
... "feel" ... (is that right?) so connected to Exxon as to take on their persecution personally and lay it on the ATS posters, but please,
relax. Just because someone questions the profits of an oil company doesn't mean their in support of the gov't. In fact, it probably means just
Thanks for your flame.
[edit on 8/5/2008 by verbal kint]