Where Is All the Oil Money Going?

Discussion in 'The Club House' started by Quasi, Feb 13, 2008.

  1. Quasi

    Quasi New Member

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  2. billt

    billt New Member

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    They have a valuable product, and they are selling it at what the market will bear. I'm failing to see how, "This is all Bush's fault"???? Gas is still cheap. I don't see anymore people walking or riding the bus than I did 10 years ago. Bill T.
     

  3. Quasi

    Quasi New Member

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    Gas is cheap by what measure? So, you won't think there's a problem until everyone is walking or riding the bus?

    [​IMG]
     
  4. bkt

    bkt New Member

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    The Federal government makes more in taxes, which both "big oil" and the consumer pay, per gallon of fuel (diesel, gas, kerosene) than "big oil" makes in profits, yet assumes none of the risks, pays none of the overhead and does none of the legwork to create the product. So any animosity you have toward "big oil" should be directed with more gusto against the government.

    If you want to reduce consumer cost, build more refineries and drill for more crude here in North America. Right now, we are at the mercy of other countries for our fuel.

    (Side note: for the first time in history, we will be importing wheat to feed people because our genius government has promised subsidies to farmers who plant corn (rather than wheat) to make ethanol.

    Suggestion: GET THE ******* GOVERNMENT OUT OF OUR FRIGGIN' LIVES BEFORE WE'RE COMPLETELY SCREWED (AND BROKE AND HUNGRY)!

    Thank you for your time.)
     
    Last edited: Feb 13, 2008
  5. teknoid

    teknoid New Member

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    If any other corporation had a RONA (Return on net assets) as low as "big oil" does, they'd fire the entire board of directors. Check it out sometime. The profit margin of the oil companies is less than 10%. I believe that is not only 1/3 what Microsoft earns, but less than AVON!

    Oil companies do not dictate price, the market does. Politicians like to point fingers at the "BILLIONS IN PROFITS" the "EVIL BIG OIL COMPANIES" make. People with common sense know that when you sell more, profits go up. Economics 101.