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  #16  
Old 02-26-2008, 02:22 PM
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Quote:
Originally Posted by imagesinthewind View Post
Thirty Six BILLION in profit. Let that roll around the mouth for a minute or two. 36 BILLION. Wow, boggles my puny mind.
I got a bigger number 404 Billion. That is what they spent to make that 36 billion. I doubt you could understand the significance of it if 36 billion can boggle your puny mind.
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  #17  
Old 02-26-2008, 03:22 PM
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Originally Posted by imagesinthewind View Post
Since we truck everything across the country (though we have a very good RR system in this country) loads of diesel gets used.
The oil companies had an epiphany that raising the price of diesel would make them more money and BIG Oil is still bigger than the Teamsters so Big Oil Wins!
I think the price of diesel is the bigger reason Exxon-Mobil made $36B in profits last year.

Thirty Six BILLION in profit. Let that roll around the mouth for a minute or two. 36 BILLION. Wow, boggles my puny mind.
Even better than the pizza business if you can believe it. Pizza rolling around inside your mouth still taste better though.
I remember the introduction of pizza in my Toronto neighbourhood a couple of years back. 1.40 for a single choice 9 inch and no or very few customers. That outlet actually did not survive.
Nothing wrong with their product either in my opinion. Especially compared to those cardboard units sold at chain stores in the freezer section now. I can barely stand to eat a slice of them. Probably taste like 36 billion perhaps. Or worse.

Last edited by barry123400; 02-26-2008 at 03:27 PM.
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  #18  
Old 02-26-2008, 03:27 PM
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Originally Posted by ForcedInduction View Post
Supply and demand. Europe has over 50% of new cars sold Diesel while the US is less than 5%, including pickups. Little demand so the cost to produce is high.
It wasn't all that long ago that diesel was a fair bit less than regular unleaded. I've been driving diesels for 25 years. If anything there are more of them on the road today than there were 5-10 years ago when the prices started rising past gasoline.
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  #19  
Old 02-26-2008, 03:31 PM
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Originally Posted by imagesinthewind View Post
. . . I think the price of diesel is the bigger reason Exxon-Mobil made $36B in profits last year.

Thirty Six BILLION in profit. Let that roll around the mouth for a minute or two. 36 BILLION. Wow, boggles my puny mind.
Are you serious?! Wow!

Damn! Why didn't I ever buy any Exxon stock? You really can't fight the big corporations. A better strategy is to just invest in them and try to let the dividends offset the cost of living increases.
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  #20  
Old 02-26-2008, 03:51 PM
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Originally Posted by aklim View Post
I got a bigger number 404 Billion. That is what they spent to make that 36 billion. I doubt you could understand the significance of it if 36 billion can boggle your puny mind.
And your point is?

Yes, the company spent money. All companies do.
I own TWO businesses, BTW, I'm not unaware of how business
works.
But oil and gas are one of the things that can make or break
the economy.
If fuel prices go up, it costs more to ship things across the country.
When it costs more, the end consumer pays the bill.
If the end consumer cannot afford to pay more for fuel, food,
clothing, etc then they cannot BUY the things needed to go to
work, feed their families and put clothes on their backs.
If the Exxon-Mobils of the country could make a few bucks less
in PROFIT (that what's left AFTER all the bills are paid, BTW)
then maybe those who are in the Have-nots column could afford
fuel, food, medicine, clothing and an occassional night out with
the family.
Notice that I added medicine and the occassional night out.
Medicine is a need that many have to go without because other
things get too expensive (food trucked by diesel trucks across the country).
The occassional night out is needed for the economy to flurish.

So, I get it.
I don't get when anyone other than those rich with oil stocks aren't outraged when oil companies announce $36B in profits when our economy is in the sinker.
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  #21  
Old 02-26-2008, 03:57 PM
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Maybe, just maybe, demand is creeping up on supply (oil is getting scarcer and harder to get). Yes I'm talking about peak oil. Yes, I put my flame suit on already.

Or

They're a bunch of bastards that make me constantly broke and take all my pick n pull money
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  #22  
Old 02-26-2008, 04:00 PM
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LOL! http://www.oil-price.net/
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  #23  
Old 02-26-2008, 04:06 PM
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The Chinese are buying lots of oil and other things. That has really strained the supply of commodities around the world.
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  #24  
Old 02-26-2008, 04:21 PM
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i think we are forgetting a large segment of diesel use in this country, and that is OTR trucks. think how many millions of trucks are on the road and how poor the fuel economy thereof. i'd be willing to bet it's not a supply/demand issue in comparison to other countries.
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  #25  
Old 02-26-2008, 05:29 PM
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At the last fill up of my E300D, diesel was 108.9 pence per litre.

I'm sorry, but there are a couple of beastly conversions;

So, that's 108.9 pence per 0.264172051242 US gallons

So, that's $2.16293 0.264172051242 US gallons

or, $8.19 per US gallon.

Here's the UK minimum wage structure; (although, if you're skilled, you're some way above this)
  • Workers aged 22 and over - 5.52 per hour
  • Workers aged 18-21 - 4.60 per hour
  • Workers aged 16-17 - 3.40 per hour
So, before tax, a minimum wage earner can almost afford a gallon of diesel per hour worked.

Don't get me going about tax though! Direct tax accounts for about 30% of our money, while indirect taxes, like sales taxes take about the same again. We do have a National Health Service (if hospital acquired infections are your thing!), but apart from building the odd road, they tend to waste the rest of it!
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  #26  
Old 02-26-2008, 06:02 PM
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Quote:
Originally Posted by imagesinthewind View Post
I own TWO businesses, BTW, I'm not unaware of how business works.

I don't get when anyone other than those rich with oil stocks aren't outraged when oil companies announce $36B in profits when our economy is in the sinker.
What does each business of your's spend and what is the percentage of profit? IIRC, they brought in 404 of which 36 is profit. What is the big deal?

I don't have oil stocks. However, the oil companies have NO obligation to make less or more profits because your economy is in the sinker or if it is doing well.
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  #27  
Old 02-26-2008, 06:24 PM
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Originally Posted by imagesinthewind View Post

So, I get it.
I disagree.

Please don't quote me, but I beleive XOM owns ~3% of world oil reserves, CVX less, and the rest of the US based companies so little they hardly matter.

None of them set the price for a barrel of oil.

Your complaints should be directed to OPEC for controling output, BRIC for using too darn much and our Fed Gov for creating roadblocks such that exploration is all but impossible except in deep water and that new refineries can't be built due to EIR's to increase our refining capacity.

Where you you when big oil was floundering in the 70's & 80's when oil was stuck at $10 a barrel. I dont think oil broke $30 until almost 2000. Did you bang your drum for them then lobbying for tax credits or bailouts?

Run $10 for 37 years at 3-3.5% inflation and tell what you think you should be paying a barrel.
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  #28  
Old 02-26-2008, 07:03 PM
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$3000 dollar cars for sale in India/China will seal this deal.

Criminals exercising their license to steal is the answer you are looking for.
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  #29  
Old 02-26-2008, 07:45 PM
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2500 dollar cars will be such a piece of crap two things can happen.

They will (maybe) not be pieces of crap and have widespread use, destroying the world.

They will be crappy and break in the first year of use, taking them off the road.

I believe in the second.
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  #30  
Old 02-26-2008, 08:51 PM
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Diesel it what is left over when they make gas....now take that left over diesel and squeeze a lil bit more gas out of it...oh no look at that now there is more gas to sell and less diesel ...time to jack up the price on diesel and have extra gas...kill two birds with one stone...thats why diesel is more.


some places in cali and other states actaully still sell diesel at a cheaper price then super....why i have no idea but they are out there.
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