DISGUSTING

[stripersnipr]

How much profit should they be making? 10, 20, 30 %? What percentage should the government be making off of it?

[Backbeach Jake]

One of the Oil gurus said that they don't set the price the market does.That means that the price will go up until we are all freezing in the dark.

[spence]

Originally Posted by stripersnipr

How much profit should they be making? 10, 20, 30 %? What percentage should the government be making off of it?

Oh, there you go again with your talking points.

Personally I don't care how much they profit but I do care with what they do with that money. Big marketing budgets to con the people into believing the oil giants are investing in renewable fuels doesn't do much for my confidence in the future.

And the economy of scale thang don't fly when we're talking about executive pay. Sure they deserve to get (even more) rich, they're delivering shareholder value after all, but $50 Million a year with a $400 Million retirement package (Exxon's chairman) is pretty obscene when you've got working class people having to suck up that extra cost at the pump.

Today, the oil companies are punching holes as fast as their supply chain will allow. There certainly is some trickle down from this as the equipment providers, many of them good old US businesses are raking the cash in. I've been working with some companies that have 10+ year backlogs for oil production and exploration equipment. This certainly looks good on the old annual report, assuming the rug doesn't get pulled from underneath you.

The cost of gas doesn't hurt me yet. It's such a small % of our household income I can take a few bucks more a gallon without it impacting my lifestyle...but I'm much more concered about my son and how prepared this Country is going to be when things are a lot different than they are now.

-spence

[Swimmer]

I read to day that most of the oil Exxon is selling cost them much less than other companies because of the large inventory they possessed before prices started skyrocketing. If the oil they are refining cost them $24.00 a barrell which is the price I saw and other companies are buying and reselling crude as gas but the oil cost them 75:00 a barrell or more that is part of the reason Exxon is making a killing. Either way a boycott wont do. I think Billary should promise to nationalize Exxon like Chavez nationalized Citgo after getting the country to buy the company..

[striperman36]

Billary should Nationalize the oil companies to pay for her Univerisal Healthcare.

[Bedford Blues]

We are the victims of corporate greed.

[gone fishin]

The cost of gas doesn't hurt me yet. It's such a small % of our household income I can take a few bucks more a gallon without it impacting my lifestyle...but I'm much more concered about my son and how prepared this Country is going to be when things are a lot different than they are now.

-spence[/QUOTE]

You are quite fortunate to have the resources to afford it BUT you do sound real pompus making that statement. Many of us have to decide between meds or food and the price of gas is the proverbial last straw. Few bucks my ass.

[OLD GOAT]

O well I can allways sell off the kids.