Haut vs Big Oil

[kenimpzoom]

Here is some good reading. These article give both sides of the coin. Nice to see that.

http://money.cnn.com/2007/04/24/news/companies/oil_profits/index.htm?postversion=2007042414

http://money.cnn.com/2007/04/17/news/economy/refineries/index.htm


An older article:

http://money.cnn.com/2005/05/25/markets/oil_profits/index.htm

"Publicly traded oil companies hold only 18 percent of the world's proven reserves, said Dorothea El Mallakh, head of the International Research Center for Energy and Economic Development. The rest is held by national or semi-national oil companies like those of Saudi Arabia, Russia, Venezuela or Nigeria."

How can you call the big oil companies a monopoly when they only control 18% of the world's oil?

And for the record, I do happen to work at an oil company. I am not evil, nor do I believe I work for an evil company.

So again I ask, are you ripping or have you ever ripped off your employer?

Ken

 

[QC]

Re: Haut vs Big Oil

Based on those numbers the title should be Blo Haut vs. Little Oil . . .

Maybe his problem is with upstanding countries like Russia, Saudi Arabia, Mexico, Venezuela. Maybe he should spew some carp about them?

 

[Haut Medoc]

Re: Haut vs Big Oil

You are right!.....
I need to amend the name to the U.S. Amalgamated Oil Trust.....
I care about the manipulation of gas prices at the pump in the U.S......
I don't care what they pay anywhere else......
I do care about jacking up the price to a captive audience......
I will support any legislation that will end the oil companies stranglehold on the 'free' market.....
KIZ, No & no, I am self employed & I always deliver at the agreed on price.....​

 

[kenimpzoom]

Re: Haut vs Big Oil

KIZ, No & no, I am self employed & I always deliver at the agreed on price.....​

Yea, but is your agreed on price ripping the customer off. I think you have a stranglehold on your customer. Are you a monopoly? :wink:

Do you charge the highest price you can get for your services, or do you give your customers a break cause you feel sorry for them?

Greed is in the eye of the beholder.

Ken

 

[Haut Medoc]

Re: Haut vs Big Oil

Wrong again!....
Actually I have/will give a discount to elderly people who are on a fixed income.....
While Exhobitant/Mobster, errrrrr....
the U.S. Amalgamated Oil Trust tries to make them homeless....
Or heatless........ ​

 

[stevieray]

Re: Haut vs Big Oil

I dunno Haut, breaking up monopolies...price controls...profit caps...kind of sounds like "redistribution of wealth". Do we as a country really want to get into that? What's next...health care...food?

Besides, they need to keep up the profits so they can keep greasing the political palms & buying off all the guys inventing the 150 mpg engines!

 

[QC]

Re: Haut vs Big Oil

Actually I have/will give a discount to elderly people who are on a fixed income.....

Now wait a dang minute you socialist wannabe . . . Wasn't there a thread yesterday about Government getting involved in gasoline prices that actually prevented a discount to the elderly? Do you somehow believe that your suggested "fixes" would magically be better? Do you not see that competition already does what you want? Have you noticed that we pay less for fuel than almost all other nations? How are you gonna fix sumpin' dat ain't broked?

Like all of these other fuel threads. I DON"T GET IT!!!!

 

[Tail_Gunner]

Re: Haut vs Big Oil

Here is some good reading. These article give both sides of the coin. Nice to see that.

http://money.cnn.com/2007/04/24/news/companies/oil_profits/index.htm?postversion=2007042414

http://money.cnn.com/2007/04/17/news/economy/refineries/index.htm


An older article:

http://money.cnn.com/2005/05/25/markets/oil_profits/index.htm

"Publicly traded oil companies hold only 18 percent of the world's proven reserves, said Dorothea El Mallakh, head of the International Research Center for Energy and Economic Development. The rest is held by national or semi-national oil companies like those of Saudi Arabia, Russia, Venezuela or Nigeria."

How can you call the big oil companies a monopoly when they only control 18% of the world's oil?

And for the record, I do happen to work at an oil company. I am not evil, nor do I believe I work for an evil company.

So again I ask, are you ripping or have you ever ripped off your employer?

Ken

Really......and who has 100% of american refining capacity..... and by the way they shut down a refinery for a yearly maintance cleaning in APRIL...ahh resulting in a gas shortage during prime time and whatta know they drive up the gas future's and walla, we have a gas shortage increase the price's and instant profit (we have a shortage ya know).........Wasnt there a company called Enron that was broken up over something of that nature

IT's a gas shortage no its's a oil shortage no it's it's a shortage, but were not sure why...

 

[ZmOz]

Re: Haut vs Big Oil

I'm just curious, Ken, why do you enjoy getting raped so much? If you think oil companies are in any way part of a free market you have no idea what a free market is. I guess they must use a little extra lube on you since you work for them....

I dunno Haut, breaking up monopolies...price controls...profit caps...kind of sounds like "redistribution of wealth". Do we as a country really want to get into that? What's next...health care...food?

We already have controls on the prices of electricity, natural gas, and every other utility. Why is gasoline any different than natural gas?

Have you noticed that we pay less for fuel than almost all other nations?

Have you heard of this little thing called taxes? The base price for fuel is more or less the same in every country, because every country pays the same price per barrel of oil, except for those that produce their own.

 

[QC]

Re: Haut vs Big Oil

The base price for fuel is more or less the same in every country, because every country pays the same price per barrel of oil, except for those that produce their own.

Exactly. Bravo. So how is it that we are being raped?

 

[OldMercsRule]

Re: Haut vs Big Oil

Boy o Boy me Bro has been landin' 'em today! Haut knows that the publicly held oil companies are a minority of the oil reserves and production on this particular planet, (but thanks to Ken more now understand that corncept). He also knows that Democrats (the same people who think George Bush and the CIA were responsible for 9/11), seem to hate any big sucessfull US based Corporation or business. They luv to exploit class envy, and have suceeded in having nearly 50% of the US population not subject to Federal Income tax. My Bro knows the best way to push buttons n' land Cornservatives with his trolls is to take something with an element of truth; n' spike it! Supply demand in the oil business is very tight mainly due to China and India, (most here know that). China still accepts tons of green backs for high quality manufactured goods headed our way, (this causes great imbalences world wide). The dollar price of Oil is hard to mask our profound financial weakness as it has universal demand. That should be real simple to understand for most of us here on iboats. Have the oil companies taken advantage by scheduling refinery shut downs? Likely. Do all businesses make more hay when the sun is shinin'? Why yes: they ALL do. Is that so bad? No, it is how capitalism works. Do Democrats n' the MSM exploit stupidity? Why yes that is how Democrats work. If me Bro could get enough people excited to do something real punitive to US oil companies: I bet he would not do it. He's just likely havin' some great sport with you guys. Took me a while to catch on to him, (one brain cell n' all), but I finally did. Respectfully JR

 

[ZmOz]

Re: Haut vs Big Oil

Exactly. Bravo. So how is it that we are being raped?

Because I just spent $98.60 to fill my truck with fuel. That simply is not a fair price to pay, especially when all the oil companies keep posting record profits. Gas is not a luxury, nobody can simply choose not to buy it. We are forced to buy it no matter what they charge. A friend of mine only makes minimum wage, and he has to work 2 hours every day just to pay for the fuel he needs to get to work! That only leaves 6 hours a day at minimum wage to pay for the rest of his life.

Can you name one other company who can post record profits during a time when their raw materials are at record highs and have possible shortages?

 

[Plainsman]

Re: Haut vs Big Oil

Because I just spent $98.60 to fill my truck with fuel. That simply is not a fair price to pay, especially when all the oil companies keep posting record profits. Gas is not a luxury, nobody can simply choose not to buy it. We are forced to buy it no matter what they charge.

Can you name one other company who can post record profits during a time when their raw materials are at record highs?

And it cost me $60.00 to top mine off. Quit whining. What's you solution to the problem? If you tree huggers had let more refineries had been built scince 1979, instead of being worried about a frog or mouse, we might not be in this pickle now. You libs made the problem, quit your crying.

 

[ZmOz]

Re: Haut vs Big Oil

And it cost me $60.00 to top mine off. Quit whining. What's you solution to the problem? If you tree huggers had let more refineries had been built scince 1979, instead of being worried about a frog or mouse, we might not be in this pickle now. You libs made the problem, quit your crying.

You're clearly talking out of your *** again. I am neither tree hugger nor liberal. I'm simply tired of getting raped.

 

[Plainsman]

Re: Haut vs Big Oil

You're clearly talking out of your *** again. I am neither tree hugger nor liberal. I'm simply tired of getting raped.

Must be the meds talking Z. Get a moped and and some kleenex, you'll feel better.

 

[QC]

Re: Haut vs Big Oil

That simply is not a fair price to pay,

Of course it is, you just paid it . . .

especially when all the oil companies keep posting record profits.

Bravo! It's called inflation . . . every economic record will be broken someday.

We are forced to buy it no matter what they charge.

FWIW, conservatives aren't victims. Quiet or you're outta the club.

Can you name one other company who can post record profits during a time when their raw materials are at record highs and have possible shortages?

Banks?

 

[ZmOz]

Re: Haut vs Big Oil

Of course it is, you just paid it . . .

Because I am forced to, not because it's a fair price. If I didn't pay for it I would quite literally DIE, because I couldn't get to the doctor.

Bravo! It's called inflation . . . every economic record will be broken someday.

The problem is they keep breaking the record over and over again every quarter. That's called gouging.

 

[Plainsman]

Re: Haut vs Big Oil

Because I am forced to, not because it's a fair price. If I didn't pay for it I would quite literally DIE, because I couldn't get to the doctor.


The problem is they keep breaking the record over and over again every quarter. That's called gouging.

Yeah your buddy Chuck Shummer is holding hearings to figure out why prices are so high. What an ***** he is. Not rocket science here.

I wish the dems would do something useful, maybe border security or illegal immigration. But that won't happen.

 

[ZmOz]

Re: Haut vs Big Oil

Not rocket science here.

Funny how you keep using that statement when you haven't got a clue what you're talking about...

 

[Plainsman]

Re: Haut vs Big Oil

Funny how you keep using that statement when you haven't got a clue what you're talking about...

Very weak reply.......

I know, someone as old as you are, what 21? Has all the answers. When you have lived as long as me and seen and done what I have done, you'll look back and see just how wrong you were. Well hopefully.

It's called supply and demand, limited resources to refine the oil into gas (thanks to you libs) and market speculations. There is nothing the gov't can do except lower the taxes on gas and your dem buddies will never do that.