[USFRIENDINVICTORIA]

"Am I wrong on my math?"

Yes. Actually, you're so far off the mark, you're not even wrong.

[Larry Lucido]

“Am I wrong on my math?”

“Yes. Actually, you’re so far off the mark, you’re not even wrong.”

Actually, it’s not even math. It’s not even thinking. I don’t even think that’s gray matter in there.

[JasonC]

It took me all of 2 minutes on Yahoo Finance to determine that Exxon's revenue over the last 2 years was more like $756 billion, against profits of his $81 billion, so they made a net profit of 11 cents on the dollar. If they dropped prices by 33 cents a gallon - assuming it would work similarly for their other markets (natural gas, chemicals, etc) then that would suffice to send their profits to zero. It might be more like 45 cents counting tax effects. But any way you slice it, nearly all the increase in prices we have seen at the pump has gone to the producing countries, and not to Exxon, and $1.50 gas at current upstream costs would bankrupt them in less than a year.