AdvantageTimberLou Posted July 27, 2006 Report Share Posted July 27, 2006 I listen to him everyday, the guy is the class of the field in radio. Anyways today he said Exxon's quarterly profit......drumroll please, over 10 billion dollars!!!!!!!! Man that made me mad, come on Paul tell me something good now! Quote Link to comment Share on other sites More sharing options...
hutchies Posted July 27, 2006 Report Share Posted July 27, 2006 Re: Paul Harvey made me mad at lunch! At Least he speaks the truth.........if it was the oil company they would be telling you that they lost money. Quote Link to comment Share on other sites More sharing options...
AdvantageTimberLou Posted July 27, 2006 Author Report Share Posted July 27, 2006 Re: Paul Harvey made me mad at lunch! Owe I love him too, its just that Exxon story, man those people are ripping up, $3.19 a gallon here. Heck, I'll pay half that for a gallon, can't Exxon live on 5 billion dollars profit a quarter! Quote Link to comment Share on other sites More sharing options...
hutchies Posted July 27, 2006 Report Share Posted July 27, 2006 Re: Paul Harvey made me mad at lunch! Wonder how much they need to retire? Guess 10 billion isn't enough. Quote Link to comment Share on other sites More sharing options...
muggs Posted July 27, 2006 Report Share Posted July 27, 2006 Re: Paul Harvey made me mad at lunch! the rich get richer and the poor fight all their battles... btw lou- did good ole' Harvey try to sell you some vitamin supplements while he was at it. Because the best vitamin C out there is definately ccccCCCIIiiit-tric-ccccaaal...... Quote Link to comment Share on other sites More sharing options...
Jeramie Posted July 27, 2006 Report Share Posted July 27, 2006 Re: Paul Harvey made me mad at lunch! Lol! Many a lives have been saved by ccccCCCIIiiit-tric-ccccaaal...... I'm sick of these gas prices. Its getting absurd now. They claim that $4 a gallon isn't to far off. Hurricane season should usher that in (according to the news). There was a bit on OPEC the other day and how gas prices are high pretty much just because they could get away with it.... In the meantime its costing me more in gas then my monthly car payment. Pretty much all of our free money is slowly slipping away and they post a 10b quarterly profit... Quote Link to comment Share on other sites More sharing options...
AdvantageTimberLou Posted July 27, 2006 Author Report Share Posted July 27, 2006 Re: Paul Harvey made me mad at lunch! I take my ccccCCCIIiiit-tric-ccccaaal every night before I jump into my Select Comfort bed!! Quote Link to comment Share on other sites More sharing options...
Newarcher Posted July 27, 2006 Report Share Posted July 27, 2006 Re: Paul Harvey made me mad at lunch! Hysteria, folks, hysteria. Do some reasearch on the topic and you will see what the truth is. There is no price gouging going on and that profit the oil companies made wasn't from the US entirely nor totally from gas. There are things called inventory profits and a booming economy in China that is causing many things to cost more. There is some element of steering but just like Hoyt bows and Kimber pistols....items in demand are in demand and therefore cost more. Right now, demand is at an all time high and prices are higher. The oil doesn't cost more to get out of the ground, so voila profits. This has been investigated to death and if there were any way that the democrats could pin this on Bush and show malfeasance in the oil companies, they would. They have tried and it didn't exist. Simple supply and demand. As soon as they reverse, the oil companies will start losing billions. Are all the people who are calling for windfall profits tax and such as that going to step up and volunteer their paychecks to bail the oil companies out. When they make money, it is profiteering. When they lose money, it is bad management. I know, it hurts me especially badly going to one income and driving 35 miles each way every day. But I pay it. If you had a business installing hardy plank siding and everyone suddenly wanted hardy plank, would you keep your prices the same or raise them because of the demand? You raise them. If your business was installing Louisianna Pacific siding right now, I imagine you would be giving it away really cheap right now! New Quote Link to comment Share on other sites More sharing options...
muggs Posted July 27, 2006 Report Share Posted July 27, 2006 Re: Paul Harvey made me mad at lunch! that's why oil needs to be regulated. I don't care if you want to try and blame inventory profits, or whatever else. This is outright thievery...no way around it. They know they have us by the short hairs, our entire ecomony and infastructure rely on gas...the government needs to step in...oh wait a second, our President is from Texas and his family made their millions in the oil business... but I'm sure this is all one big cooincidence. Besides...I think the Bush's bass fish, so we should give him a free pass. Sportsman for Bush!! Quote Link to comment Share on other sites More sharing options...
Newarcher Posted July 27, 2006 Report Share Posted July 27, 2006 Re: Paul Harvey made me mad at lunch! I guess we will have to agree to disagree. The law of supply and demand is a powerful thing if left alone. As demand increases and/or supply decreases for a given product, price increases. When price becomes high enough that it allows better margins, competitors enter the market. That increases supply and decreases demand for the original. These high gas prices cause people to conserve and will eventually decrease prices. They also spur initiatives to find alternative soures of fuel. If you cap the price of a gallon of gas while the suppliers (OPEC) are raising prices to the oil company, then you will drive the oil companies out of business and then where would the US be? If you look at the margins of the oil company they are neither outrageous nor out of line with other industries (under 10% I believe)....it is just that they are selling a lot more gas and oil. Most of the profits, if broken down, are from overseas sales. It hurts but it is what it is. New Quote Link to comment Share on other sites More sharing options...
Strut10 Posted July 27, 2006 Report Share Posted July 27, 2006 Re: Paul Harvey made me mad at lunch! [ QUOTE ] ......... Exxon's quarterly profit......drumroll please, over 10 billion dollars!!!!!!!! [/ QUOTE ] Pretty good news for anyone who's got some Exxon stock.........or whose retirement or 401K is invested in Exxon. The price of gas is strictly supply and demand. If $3.00/gal. disturbs you, call China & India and ask that they please curtail their growing economies (of 1 billion+ people apeice) and to please stop needing oil. Takes some pretty good American ingenuity, I think, to turn 10B per quarter considering these circumstances. Quote Link to comment Share on other sites More sharing options...
muggs Posted July 27, 2006 Report Share Posted July 27, 2006 Re: Paul Harvey made me mad at lunch! The laws of supply and demand are in play with most every product, say milk for example. But gasoline/oil/petro is not like any other product, its unique in a lot of ways, and needs to be regulated as such. Think about it. I can't get to work without gas...the eggs I mentioned don't get to the markets without gas. So obviously, gas is always in extreme demand, as it has been for decades. I don't see anything that has changed recently that would have increased demand for it compared to 5 years ago. As for people conserving their gas usage...maybe a little bit, but like I said before...everything depends on it. Now maybe you won't drive a speedboat with twin 350's in it, but you still have to drive to work, the store etc... And even if you take a bus, the bus uses gas. Its a vicious downward spiral...and basically, guys like us are screwed. I'm not suggesting a cap on gas prices, I am suggesting the regulation of the entire process. From drilling to refining to transportation to the end product. Point taken on the margins...but I don't care who you are or how much your overhead is...10 billion dollars in one fiscal quarter ain't exactly peanuts. And try as I may, I find it hard to sympathize the conglomerates. I'm sure their expenses have increase, but not enough to justify these sort of price hikes. Think back just a few years, what's different now? The war, sure, but that's a whole other issue. Quote Link to comment Share on other sites More sharing options...
hutchies Posted July 27, 2006 Report Share Posted July 27, 2006 Re: Paul Harvey made me mad at lunch! I have to tell you i agree with Muggs. Eventually if gas keeps going up groceries will become so high some people will have to choose to feed their family or their car. That would be bad news for alot of companies since alot of people drive 10+ miles to and from work. Quote Link to comment Share on other sites More sharing options...
Newarcher Posted July 27, 2006 Report Share Posted July 27, 2006 Re: Paul Harvey made me mad at lunch! I agree muggs, gas is one thing milk is another. It is a strategic commodity as well as one not completely and totally within the confines of true supply and demand. Opec keeps the price elevated, sure. If you want to be mad at someone, OPEC is a great start. I just can't see being mad at the people who spend the effort to bring you the gas you need. They are making the same margins as always, they are just selling a lot more of it....mostly to overseas companies and governments. Unfortunately, until we take over Saudi Arabia, Iran, and Iraq....we can't just regulate OPEC. As for demand, China's economy is in a gigantic upswing right now...it is flying. They are consuming steel, gas, and other commodities at record rates, causing prices worldwide to go up. This has actually happened over the past 10-20 years actually but exponentially so over the past 10. If you really want to decrease gas prices, let's start drilling and building some refineries in the US. Tell the anti-capitalists wrapped in envionrmentalist clothing to go suck and egg and start drilling ANWR and building refineries. I hope that the American people wake up and start throwing some of these whack job senators out of office before they do some real damage to the US. If it isn't gas, it will be peanuts and orange juice. But I will admit that it does hurt. New Quote Link to comment Share on other sites More sharing options...
muggs Posted July 27, 2006 Report Share Posted July 27, 2006 Re: Paul Harvey made me mad at lunch! To be completely honest with you New I'd have to research OPEC before I'd be in any position to comment. I'll just say, the government needs to step in here in a lot of ways...but then again, sometimes that's really asking for trouble. As for drilling refineries in the US. I'm not completely opposed to that, but I'd really hate to see it. Unfortunately, its most likely going to come to that. Quote Link to comment Share on other sites More sharing options...
Guest Andrea Posted July 27, 2006 Report Share Posted July 27, 2006 Re: Paul Harvey made me mad at lunch! WHOEVER'S fault it is..............it STINKS!!!!!!!!! Maybe now that Eglin's 46th Test Wing will be moving to CALIFORNIA ----we can start drilling off the coast here for oil. It's there....they know it. It's in Colorado.......they've already found it. We've got it, but we aren't using it. Quote Link to comment Share on other sites More sharing options...
Newarcher Posted July 27, 2006 Report Share Posted July 27, 2006 Re: Paul Harvey made me mad at lunch! [ QUOTE ] To be completely honest with you New I'd have to research OPEC before I'd be in any position to comment. I'll just say, the government needs to step in here in a lot of ways...but then again, sometimes that's really asking for trouble. As for drilling refineries in the US. I'm not completely opposed to that, but I'd really hate to see it. Unfortunately, its most likely going to come to that. [/ QUOTE ] We must become independent of foreign oil. It is said that in ANWR (a part of Alaska set aside for drilling and a part in the middle of nowhere with nothing around) holds anywhere from 30-50 years of our average daily usage. If even for 10 years we could tell the Saudis to go fly a kite and stop inporting their oil, it would change things a LOT. New Quote Link to comment Share on other sites More sharing options...
OJR Posted July 27, 2006 Report Share Posted July 27, 2006 Re: Paul Harvey made me mad at lunch! Do you people remember Jimmy Cater? He was the one who pushed through the de-regulation for natural gas, gas and all the rest of those good things!! Thank him and the democratically controlled congress!! Quote Link to comment Share on other sites More sharing options...
Jeramie Posted July 27, 2006 Report Share Posted July 27, 2006 Re: Paul Harvey made me mad at lunch! [ QUOTE ] To be completely honest with you New I'd have to research OPEC before I'd be in any position to comment. [/ QUOTE ] I heard on the news this week that OPEC is the reason prices are way up. Keep in mind I got all of this information off the news. Early 90's gas dropped to below a dollar. People went nuts. Come to find out there was a few independent companies that didn't depend on OPEC. They were marketing gas cheaper and still making a fortune (by volume). OPEC had a cow because they had to compete and prices had dropped. They tried to convince the small companies to match pricing... No go. They were making to much volume money. At said point OPEC said, "Tell you what. Quit playing cut throat, bring prices up, and we will pay you "X" amount of the income off of increased fuel prices." According to the news, a huge amount (up to $1 a gallon) is being payed out to the smaller companies to stay on board with OPEC and not drive prices down. Gas in every degree is a monopoly. You have to have it these days. You dont have a choice and with OPEC regulating pricing you cant get it any cheaper. You cant build refineries or drill for oil, etc. Oil is in fact a monopoly. Its just far to big of business for anyone to fight Quote Link to comment Share on other sites More sharing options...
ParrotHead Posted July 27, 2006 Report Share Posted July 27, 2006 Re: Paul Harvey made me mad at lunch! You have got to be kidding! You want the government to regulate oil? If you think gas prices are high now, let the federal government regulate it and you'll be walking or riding a bike. It's simple folks, there are 2 things to blame here for high prices....well, actually 3 but 2 directly. 1. Investors. Oil prices are based off what investors are paying for it and investors will base their prices off what they "think" will happen in the market. It's a guessing game and you and I pay for it. 2. Consumers. You want to do something about prices? Stop using the product and it'll go down. Now I don't care to hear all the belly-aching about "I'm just one person, what can I do?" You can do alot but the most important thing you can do is set an example. Move closer to your work, choose an automobile that get's better mileage, STOP BUYING GAS-GUZZELING AUTOMOBILES AND SEND A MESSAGE TO DETROIT WHY YOU"RE NOT BUYING. Hey, technology is there right now and I'll bet you one thing, if America sent the message to GM, Ford and everyone else that no more cars are being bought until something better comes along, you would see a SUV that got 80 mpg's by the next selling season! There are 2 ways to go here folks. You can go the Federal Government route and we'll ration gasoline. And while we're all in those gas lines, lets make sure we do right, lets ration out the bread, milk and toilet paper to. OR - you and I can take responsibility for this and come up with a plan to correct it because the government isn't going to. ****, the government should have started it back in the 70's but nooooooo, nobody did a dam'd thing about it and we finally made it to where we always knew we would. Quote Link to comment Share on other sites More sharing options...
Newarcher Posted July 28, 2006 Report Share Posted July 28, 2006 Re: Paul Harvey made me mad at lunch! Parrot, You forgot the biggest problem...whack job pseudo environmentalists that are really communists, marxists, or socialists. Their interest is seeing the US weakened and they have the support of half of our Congress. You cannot build a refinery or drill in ANWR because we might disturb a few bull Caribou chasing their women. These people would have you believe that all of Alaska was going to be drilled and all the mountains removed and streams dammed up when ANWR is a tiny portion of Alaska and there is NOTHING THERE. Try building a refinery to handle any new oil we did drill in ANWR and see how many years and how many lawsuits you have to endure before figuring out that it can't be done. Try getting the States that have oil and natural gas to drill for it off the coast......Florida says no. I say cut FLorida off from any federal road or other funding until they decide to be part of the solution. You got to ask yourself.....why, in this day and age, would anyone in the US want to basically ensure we are held hostage by OPEC and the middle east oil barrons? Why? They clearly want to see the US held hostage and weakened. There can be no other reason. New Quote Link to comment Share on other sites More sharing options...
AdvantageTimberLou Posted July 28, 2006 Author Report Share Posted July 28, 2006 Re: Paul Harvey made me mad at lunch! All I know and care about is last year at this time, gas was 80 cents cheaper than it is today. Supply and demand my butt, gouging, plain and simple!! Everything goes up as a result except for the working man and woman's wages that have to pay for this gas! Tell you what, the guy who can make a combustible engine run off water will be a genius and win the Nobel Peace Prize that is for sure!! Then we can say, take your gas and shove it!! $10,000,000,000 profit!! that my friends is alot of zeros!!! Quote Link to comment Share on other sites More sharing options...
GWSmith Posted July 28, 2006 Report Share Posted July 28, 2006 Re: Paul Harvey made me mad at lunch! [ QUOTE ] ...Tell you what, the guy who can make a combustible engine run off water will be a genius and win the Nobel Peace Prize that is for sure!! Then we can say, take your gas and shove it!! [/ QUOTE ] I had a girlfriend in high school who's grandfather developed a water injected gasolene carbuerator....he never got any peace prize. He did however get a Fat Check from one of the Big 3 automakers who bought it way back in the late 70's. The technology is there people...it simply is not being used. Quote Link to comment Share on other sites More sharing options...
AdvantageTimberLou Posted July 28, 2006 Author Report Share Posted July 28, 2006 Re: Paul Harvey made me mad at lunch! [ QUOTE ] [ QUOTE ] ...Tell you what, the guy who can make a combustible engine run off water will be a genius and win the Nobel Peace Prize that is for sure!! Then we can say, take your gas and shove it!! [/ QUOTE ] I had a girlfriend in high school who's grandfather developed a water injected gasolene carbuerator....he never got any peace prize. He did however get a Fat Check from one of the Big 3 automakers who bought it way back in the late 70's. The technology is there people...it simply is not being used. [/ QUOTE ] Probably bought it to stop it from being a reality!! You made what, hold on, our lawyers will be there with a check to shut you up! Quote Link to comment Share on other sites More sharing options...
Newarcher Posted July 28, 2006 Report Share Posted July 28, 2006 Re: Paul Harvey made me mad at lunch! I saw a recent video of a guy who powered his car with water....it worked. I believe the military bought it or maybe one of the big auto makers. New Quote Link to comment Share on other sites More sharing options...
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