OT: Oil Profits

Tom Kunich

There was just a news article about the HUGE profits that the oil companies
are making.

Well, just to go over a bit of it - Chevron has about $150 in investments.
They turned about $5 billion in profit for the first quarter. That's a hell
of a lot of money. But it is only 4% of the investment.

There's no doubt that the oil companies are making a good profit at the
moment. If they hold profits to the sort of curve they normally have in a
year they're going to make 14% or so for the year.

From that 14% they will assign a lot of money to further research and
development of oil sources as well as a large investment into other things
such as safer oil transportation, clean air investments and the like.

Would YOU invest your money in Chevron if they didn't make the same sort of
profits that you could get from Ace Hardware or Safeway?

My point is that the Socialists are making every possible play to convince
people that somehow capitalism is evil. And yet you can bet that they have
their money invested in Chevron.

jim beam

Tom Kunich wrote:
<snip crap>

cT = 1.0

tom, whatever mood you're in, doesn't mean you need to take it out on
everybody else. you've pissed and moaned all day. go home and take it
out on the wife, not us.

and this is a "bike tech" forum. you cooperation with that subject
matter will be appreciated.

Bill Sornson

Tom Kunich wrote:
> There was just a news article about the HUGE profits that the oil
> companies are making.
>
> Well, just to go over a bit of it - Chevron has about $150 in
> investments. They turned about $5 billion in profit for the first
> quarter. That's a hell of a lot of money. But it is only 4% of the
> investment.
> There's no doubt that the oil companies are making a good profit at
> the moment. If they hold profits to the sort of curve they normally
> have in a year they're going to make 14% or so for the year.
>
> From that 14% they will assign a lot of money to further research and
> development of oil sources as well as a large investment into other
> things such as safer oil transportation, clean air investments and
> the like.
> Would YOU invest your money in Chevron if they didn't make the same
> sort of profits that you could get from Ace Hardware or Safeway?
>
> My point is that the Socialists are making every possible play to
> convince people that somehow capitalism is evil. And yet you can bet
> that they have their money invested in Chevron.

I say slap a windfall profits tax on Google. (Or any number of companies
with MUCH higher profit margins than energy companies.) Hell, the
GOVERNMENT gets a helluva lot more income per gallon of gas than do the
corporations; how about they cough up some of it?

Bill "I won't hold my breath" S.

still just me

On Wed, 11 Jun 2008 16:12:58 -0700, "Tom Kunich" <cyclintom@yahoo.
com> wrote:

>There was just a news article about the HUGE profits that the oil companies
>are making.
>
>Well, just to go over a bit of it - Chevron has about $150 in investments.
>They turned about $5 billion in profit for the first quarter. That's a hell
>of a lot of money. But it is only 4% of the investment.

Different industries have different traditional profit margins. Look
it up.

>There's no doubt that the oil companies are making a good profit at the
>moment. If they hold profits to the sort of curve they normally have in a
>year they're going to make 14% or so for the year.

Yes, gouging and believing that making a dollar is your primary
purpose in society can generate lots of money in a despicable way.

>From that 14% they will assign a lot of money to further research and
>development of oil sources as well as a large investment into other things
>such as safer oil transportation, clean air investments and the like.

BS. Apparently you don't know anyone actually working in a research
lab at an oil company.

>Would YOU invest your money in Chevron if they didn't make the same sort of
>profits that you could get from Ace Hardware or Safeway?

I would if they were a sound investment. Seems to me that oil stocks
drew a lot of investors for years before they started the recent rape.

>My point is that the Socialists are making every possible play to convince
>people that somehow capitalism is evil.

There's nothing evil about capitalism. There's also nothing wrong with
a social conscience or actually supporting the USA in time of need.

> And yet you can bet that they have
>their money invested in Chevron.

Yeah... there's a supportable statement.

Luke

In article <bemdnSbnX9Kdwc3VnZ2dnUVZ_qHinZ2d@earthlink.com>, Tom Kunich
<cyclintom@yahoo.> wrote:

> There was just a news article about the HUGE profits that the oil companies
> are making.
>
> Well, just to go over a bit of it - Chevron has about $150 in investments.
> They turned about $5 billion in profit for the first quarter. That's a hell
> of a lot of money. But it is only 4% of the investment.
>
> There's no doubt that the oil companies are making a good profit at the
> moment. If they hold profits to the sort of curve they normally have in a
> year they're going to make 14% or so for the year.
>
> From that 14% they will assign a lot of money to further research and
> development of oil sources as well as a large investment into other things
> such as safer oil transportation, clean air investments and the like.
>
> Would YOU invest your money in Chevron if they didn't make the same sort of
> profits that you could get from Ace Hardware or Safeway?
>
> My point is that the Socialists are making every possible play to convince
> people that somehow capitalism is evil. And yet you can bet that they have
> their money invested in Chevron.
>

Hmm. I'd wager my capitalist derived but socialist inclined paycheck
that the fidelity of adherents to either system is contingent on
"what's in it for them".

Wanna turn a market fundamentalist into an advocate for subsidizing a
commodity or industry? Hand him a pink slip or charge him triple for
filling up his tank. And as the Russians and Chinese have demonstrated,
there's nothing like the profit motive in making laissez-faire
capitalists of erstwhile socialists.

I expect one know's better how to run Big Oil better than Big Oil --
that's why they're BIG. The result of gov't running industry is clear:
it's called AMTRAK.

Tom Kunich

"Luke" <lucasiragusa@rogers.com> wrote in message
news:120620081636532297%lucasiragusa@rogers.com...
>
> I expect one know's better how to run Big Oil better than Big Oil --
> that's why they're BIG. The result of gov't running industry is clear:
> it's called AMTRAK.

That's what the Liberals have in store for your future.

Eric Vey

Tom Kunich wrote:
> "Luke" <lucasiragusa@rogers.com> wrote in message
> news:120620081636532297%lucasiragusa@rogers.com...
>>
>> I expect one know's better how to run Big Oil better than Big Oil --
>> that's why they're BIG. The result of gov't running industry is clear:
>> it's called AMTRAK.
>
> That's what the Liberals have in store for your future.
>
McCain Tells Oil Companies to Share their Profits


Washington (AP) - Record high prices for gasoline probably won't drop
any lower before the November election, Republican John McCain said
Wednesday.

"I don't think it's going much lower, and it could go higher," McCain
said on NBC's "Today Show." "I don't think so, not when you've got a
finite supply, basically, and a cartel controlling it."

McCain said oil companies should "absolutely" return some profits to
consumers. "And they should be embarking on research and development
that will pay off in reducing our dependence on foreign oil," he said.

"The point is, oil companies have got to be more participatory in
alternate energy, in sharing their profits in a variety of ways, and
there is very strong and justifiable emotion about their profits,"
McCain said.

As Cybercast News Service reported on Tuesday, McCain is said to be
"open to the possibility" of tapping America's domestic oil and gas
reserves, but it is not clear from his voting record whether he would
actively push to expand offshore oil recovery efforts. See Story:
McCain's View on Expanded Oil Drilling Uncertain

McCain opposes oil drilling in the Arctic National Wildlife Refuge.

On the "issues" section of his campaign Web site, McCain has promised to
"act immediately to reduce the pain of high gas prices."

His economic plan says nothing about domestic oil drilling. It includes
only two "tangible plans" to address rising gas prices -- a summer gas
tax holiday and a temporary halt in filling the nation's Strategic
Petroleum Reserve.

McCain says a suspension of the 18.4 cent federal gas tax and 24.4 cent
diesel tax from Memorial Day to Labor Day would immediately lower prices
at the pump for the heavy-demand summer season.

And he argues that international demand for oil is bolstered by federal
purchases for the SPR. "There is no reason to fill it when oil is so
expensive," McCain's Web site says.

Tom Kunich

"Eric Vey" <junker@ericvey.com> wrote in message
news:g2s6in$ln0$1@news.datemas.de...
> Tom Kunich wrote:
>> "Luke" <lucasiragusa@rogers.com> wrote in message
>> news:120620081636532297%lucasiragusa@rogers.com...
>>>
>>> I expect one know's better how to run Big Oil better than Big Oil --
>>> that's why they're BIG. The result of gov't running industry is clear:
>>> it's called AMTRAK.
>>
>> That's what the Liberals have in store for your future.
>>
> McCain Tells Oil Companies to Share their Profits

I see that you believe that McCain is an expert on the field of oil. I
assume you're voting for him?

Eric Vey

Luke wrote:

> I expect one know's better how to run Big Oil better than Big Oil --
> that's why they're BIG. The result of gov't running industry is clear:
> it's called AMTRAK.

US Big Oil Companies Control Less Than 6% Of World Reserves

http://gatewaypundit.blogspot.com/2...-less-than.html

With 94% of the world's oil supply locked up by foreign
governments, most of which are hostile to the United States, the
relatively puny American oil companies do not have access to enough
crude oil to significantly affect the market and help bring prices down.
Thus, Exxon Mobil, a small oil company, buys 90% of the crude oil that
it refines for the U.S. market from the big players, i.e, mostly-hostile
foreign governments. The price at the U.S. pump is rising because the
price the big oil companies charge Exxon Mobil and the other small
American companies for crude oil is going up.

So, even if Maxine Waters and the Democrats are successful in taking
over the oil companies it would not make any difference on gas prices
unless Congress decides to allow American companies to explore and drill.

A Muzi

>> "Luke" <lucasiragusa@rogers.com> wrote
>>> I expect one know's better how to run Big Oil better than Big Oil --
>>> that's why they're BIG. The result of gov't running industry is clear:
>>> it's called AMTRAK.

> Tom Kunich wrote:
>> That's what the Liberals have in store for your future.

Eric Vey wrote:
> McCain Tells Oil Companies to Share their Profits
>
>
> Washington (AP) - Record high prices for gasoline probably won't drop
> any lower before the November election, Republican John McCain said
> Wednesday.
>
> "I don't think it's going much lower, and it could go higher," McCain
> said on NBC's "Today Show." "I don't think so, not when you've got a
> finite supply, basically, and a cartel controlling it."
>
> McCain said oil companies should "absolutely" return some profits to
> consumers. "And they should be embarking on research and development
> that will pay off in reducing our dependence on foreign oil," he said.
>
> "The point is, oil companies have got to be more participatory in
> alternate energy, in sharing their profits in a variety of ways, and
> there is very strong and justifiable emotion about their profits,"
> McCain said.
>
> As Cybercast News Service reported on Tuesday, McCain is said to be
> "open to the possibility" of tapping America's domestic oil and gas
> reserves, but it is not clear from his voting record whether he would
> actively push to expand offshore oil recovery efforts. See Story:
> McCain's View on Expanded Oil Drilling Uncertain
>
> McCain opposes oil drilling in the Arctic National Wildlife Refuge.
>
> On the "issues" section of his campaign Web site, McCain has promised to
> "act immediately to reduce the pain of high gas prices."
>
> His economic plan says nothing about domestic oil drilling. It includes
> only two "tangible plans" to address rising gas prices -- a summer gas
> tax holiday and a temporary halt in filling the nation's Strategic
> Petroleum Reserve.
>
> McCain says a suspension of the 18.4 cent federal gas tax and 24.4 cent
> diesel tax from Memorial Day to Labor Day would immediately lower prices
> at the pump for the heavy-demand summer season.
>
> And he argues that international demand for oil is bolstered by federal
> purchases for the SPR. "There is no reason to fill it when oil is so
> expensive," McCain's Web site says.

OK, McCain's R.I.N.O and your selection supports what Luke and Tom
wrote. Got any news to report?
--
Andrew Muzi
<www.yellowjersey.org/>
Open every day since 1 April, 1971
** Posted from http://www.teranews.com **

Eric Vey

A Muzi wrote:

> OK, McCain's R.I.N.O and your selection supports what Luke and Tom
> wrote. Got any news to report?

The news is that the R.I.N.O has been selected as the party's best hope
for election.

None of what either will do to or for the oil companies will make any
difference since the American Oil companies have been marginalized to
being bit players. The age of the Seven Sisters is long gone. They are
still important in the US because they own the refineries, but not
important in the oil fields like they used to be.

Now that most of the Alaskan oil has been pumped up and sent to Japan,
Nigeria is about all Big Oil has left. If you want to see how oil
companies act when they are released from regulations, look at Nigeria.
Hard to believe unless you have seen it. They have fouled everything
they touch there. A real environmental nightmare.

But don't worry folks, they say that they know how to extract oil
without causing a mess. Too bad they didn't bother to do it in Nigeria.

A Muzi

> A Muzi wrote:
>> OK, McCain's R.I.N.O and your selection supports what Luke and Tom
>> wrote. Got any news to report?

Eric Vey wrote:
> The news is that the R.I.N.O has been selected as the party's best hope
> for election.
>
> None of what either will do to or for the oil companies will make any
> difference since the American Oil companies have been marginalized to
> being bit players. The age of the Seven Sisters is long gone. They are
> still important in the US because they own the refineries, but not
> important in the oil fields like they used to be.
>
> Now that most of the Alaskan oil has been pumped up and sent to Japan,
> Nigeria is about all Big Oil has left. If you want to see how oil
> companies act when they are released from regulations, look at Nigeria.
> Hard to believe unless you have seen it. They have fouled everything
> they touch there. A real environmental nightmare.
>
> But don't worry folks, they say that they know how to extract oil
> without causing a mess. Too bad they didn't bother to do it in Nigeria.

The two parties have merged. Look at Illinois politics to see the
country's future - they both steal and take care of the other side,
elections having no consequence.
--
Andrew Muzi
<www.yellowjersey.org/>
Open every day since 1 April, 1971
** Posted from http://www.teranews.com **

Tom Kunich

"Eric Vey" <junker@ericvey.com> wrote in message
news:g2sg6d$scl$1@news.datemas.de...
>A Muzi wrote:
>
>> OK, McCain's R.I.N.O and your selection supports what Luke and Tom wrote.
>> Got any news to report?
>
> The news is that the R.I.N.O has been selected as the party's best hope
> for election.

And what is behind that is the fact that the national press supported him
all the way while fogging coverage of the competition.

Hope you enjoy what's going to happen to your country. You're about to
discover what taxation REALLY means.

still just me

On Thu, 12 Jun 2008 19:02:34 -0700, "Tom Kunich" <cyclintom@yahoo.
com> wrote:

>
>And what is behind that is the fact that the national press supported him
>all the way while fogging coverage of the competition.

The old, lame, "blame it on the press".

>Hope you enjoy what's going to happen to your country. You're about to
>discover what taxation REALLY means.

I'm hoping we discover what "balance budget" and "paying off your
debts by making some hard decisions" means.

We can't afford the trillion $, no limits, deficit spending of the
neo-cons. It's bankrupting us.