NorCalSS Posted July 31, 2006 Report Share Posted July 31, 2006 Link- Big oil rakes in historic profits Here's some food for thought that I learned today... "4 of the 5 largest oil companies have recorded profits for just one quarter totalling 30 billion dollars." "Profit up 75% to $9.9 billion. That's the second-most a U.S. company has earned in a three-month period, a USA TODAY analysis of data from Capital IQ found. It's greater than the annual gross domestic product of entire nations, including Niger, Zambia and Iceland." "After paying the bills for the operating costs of running oil refineries, and gas stations, 400,000 employee wages, from April to June 2006, "Big Oil" took in more than 280 million dollars a day to the bank. Up 39% from last year's profits." "And what are the people who are making this money doing with it? Buying stock in their own company, which is likely to render shareholders and executives richer because buybacks help raise the value of the stock and bigger dividend payouts in the end." In a statement, Exxon CEO Lee Raymond defended his company. "We acted responsibly in pricing at our company-operated service stations, and we also encouraged our independent retailers and distributors to do the same," he said. I just ended up paying $78.00 to fill up my tank of gas at $3.31 a gallon premium and worked a 40 hour week! What a bunch of B.S.! "By the time you end up finish reading this post, which is about a minute, "Big Oil" will have made about $250,000 per minute, more than the average income of a household for one year." Quote Link to comment Share on other sites More sharing options...
tawss04 Posted July 31, 2006 Report Share Posted July 31, 2006 Yea that really sucks. I think these oil excutives need to be taken out back and giving a real good ass wooping We spent well over $200 in gas just this weekend doing some running around and playing on our waverunners and I need to fill my truck up again Quote Link to comment Share on other sites More sharing options...
misterp Posted July 31, 2006 Report Share Posted July 31, 2006 I feel so lied to - here I was under the impression we were going to war for oil. I was so excited, I could SMELL premium at $.50/gal... Quote Link to comment Share on other sites More sharing options...
Ghostrider Posted July 31, 2006 Report Share Posted July 31, 2006 I feel so lied to - here I was under the impression we were going to war for oil. I was so excited, I could SMELL premium at $.50/gal... <{POST_SNAPBACK}> Very well put! Quote Link to comment Share on other sites More sharing options...
fox_forma Posted July 31, 2006 Report Share Posted July 31, 2006 (edited) I feel so lied to - here I was under the impression we were going to war for oil. I was so excited, I could SMELL premium at $.50/gal... <{POST_SNAPBACK}> Bastards, i even would of settled for .75/gal Edited July 31, 2006 by fox_forma (see edit history) Quote Link to comment Share on other sites More sharing options...
tk68 Posted July 31, 2006 Report Share Posted July 31, 2006 I would settle for .75/litre........We hit 119.9 cents/litre up in beaver country. (129.9 cents/litre for 91) Quote Link to comment Share on other sites More sharing options...
CoolBlueSS Posted July 31, 2006 Report Share Posted July 31, 2006 Base turds. Quote Link to comment Share on other sites More sharing options...
Silverado55 Posted July 31, 2006 Report Share Posted July 31, 2006 it's ok because i know that in the end, they're all going to burn in hell with the oil produced from their own comapnies. Quote Link to comment Share on other sites More sharing options...
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