Posted on 07/31/2008 8:27:59 AM PDT by gallaxyglue
Arrest the Oil Executives!!! Somebody call Maxine!
Go XOM!
The real irony is that Congress-critters will express outrage when the money to support government is ALWAYS taken by force.
Sparks and XOM in the same sentence sounds a bit combustible.
So friggin what! All this talk about record profits is nothing more than ENVY and JEALOUSY!
These company makes a product that is in global demand. This particular product is traded in an open market where it has ups and downs. When the commodity goes up, it’s more expensive. When it’s more expensive, the profit margin goes up.
SUPPLY AND DEMAND PEOPLE! GET OVER IT!!
Now, with that being said. If there is deliberate price manipulation and gouging, that’s when I have a problem.
This is so f**king stupid. Maybe if those jack a** in Capitol Hill actually did their job for once and allow some drilling and creation of some new reffineries. This “commodity” wouldn’t be so friggin high!!
UGH
If you can’t beat em, join ‘em. I bought shares.
An 8% profit margin. McDonald’s and Coca-Cola are both 18-19%. Will Nancy Pelosi scream and shout when her investments top 8%?
Enviormentalism is mind pollution!
And political leaders expect them to drill off-shore to reduce their prices??? Exxon leaders weren’t born yesterday, voters were if they expect price drops.
Mazda, Honda and Mitsubishi recently posted record profits. Harry Reid doesn’t seemed bothered by that.
A gallon of Organic Milk costs $7+. No one is bothered by that.
A cup of Budweiser or Coors at a ball game costs $8. Harry Reid is unconcerned.
I bet the profit comes from the increase in demand and not a rise in price.
Not quite what investors expected. Disappointing.
My temper is reserved for creepy congress critters.
Someone needs to explain to this writer that profit attracts investment capital. People invest where they can make a profit, which is to say, where there is a need. They don’t invest where there is no opportunity to make a profit.
When oil companies are making money, they are also spending it hand over fist. Thousands of people are working all the hours they can stand right now. They are pumping a tremendous amount of money out into the economy. Money doesn’t sit in someone’s bottom drawer. All the companies that service the oil companies are running white hot right now.
Hmmm...10.36B profit reflects 10.5% return on sales.
I'm sure these assorted critics have investment advisers they trust. Why don't they ask those advisers how to evaluate profit?
To ask the question is to answer the question...ignorance serves their purposes, and the ignorant are their audience.
I don't know if it's ignorance fueled by resentment of the free market, or resentment fueled by ignorance...but they're both there.
...on the part of the politicians, and the reporter who, in this case, may have been ashamed to attach their name to this steaming pile.
That’s OK. If the oil companies go broke like GM, we’ll all wind up walking. (and starving)
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