Comments on: ‘No buy’ day would stick it to greedy oil companies

By: JetGoodson

JetGoodson — Wed, 05 Mar 2008 02:11:36 +0000

The word is “fungible.” Look it up.

Also, Exxon Mobile isn’t determing prices by itself. It’s dwarfed in this by the Saudi Arabian Oil Company, Petroleos Mexicanos, Petroleos de Venezuela, China National Petroleum, and BP. Four of those are nationalized oil companies and the first is the 800 lbs. gorilla of OPEC which has the most significant effect on prices.

And i_am_brucelle didn’t even get to the half of it in regard to oil profits. While there’s been a lot of talk about windfall profits recently, oil companies aren’t reknowned for being cash cows in the investment world. They’re the tortoise, the safe bet that returns a small but dependable return each year. On average, oil companies make about 9% profit over the years, which is why the last couple seem so big.

Really, go look up the word fungible. Until then, you shouldn’t be saying anything about “reckless economics” because it’s clear that you haven’t a clue about economics.

Or let’s pretend your stupid idea worked. Do you think your idea will have more effect on Exxon-Mobile (which does 70% of its business outside the US), or on Phil, the guy who works the register at the local gas station? Or the owner of small time gas stations? Here’s an idea: human decency means thinking through the consequences of your actions. You haven’t done so beyond selfish thoughts of, “poor me, I’m paying more for gas than I did during an all time historic low”.

By: i_am_brucelee

i_am_brucelee — Tue, 04 Mar 2008 17:09:42 +0000

you mention record profits and that may be true but what you should be looking at is the profit MARGIN, or in other words, the amount of money they are ACTUALLY making. which by the way has stayed level for the last couple of years. FYI. when they say they made (just as an example) 4 billion dollars this year, yes, that is the money they had coming in the door, but what they didnt say is that they paid out 3.5 billion this year, therefore making thier profit margin .5 billion dollars. make sense? and besides like willis leon johnson said, if you dont buy 7 gallons on thursday, you will buy 7+ gallons on friday. if you REALLY want to stick it to the man, stop driving your stupid suv that you probly cant drive competently anyway, and save us the hassle of having to deal with you on the roadway. Thanks.

By: Willis_Leon_Johnson

Willis_Leon_Johnson — Mon, 03 Mar 2008 19:20:15 +0000

Ok, you don’t buy 7 gallons today, and buy 10 gallons tomorrow.

The oil companies don’t run on “each days sales”.

The best you can hope for there would be hurting a local dealer, who is also at their tender mercies.