Make big profit

Hi asked:


Not to mention the Oilman who is running the country (into the ground)

Category: Politics by admin

20 Responses to “Are we supposed to ignore the correlation between Gas-pump price gouging and record Big-Oil profits?”

1. smellyfoot ™, on November 30th, 2008 at 3:39 am Said:

   70% of profits come from exploration and drilling….

2. Ed J, on December 1st, 2008 at 1:40 pm Said:

   Yes we are. It’s the republican way. To question it is akin to being a traitor and or a librul progressive demo rat.

3. Boo, on December 4th, 2008 at 7:37 pm Said:

   So you are all up to snuff on what is an acceptable profit and what is not? have you seen the profits of Microsoft? Should we start taking their profits too? or how about insurance companies? Cable companies have a profit margin that would knock your socks off. Let go to holly weird and look at the profits on movies? If they can afford to pay an idiot 20 million per film, there is some serious profits made. What you are talking about is opening the door to communism and you had better shut it and get back on the side of capitalism or you are going to be on the wrong side of the fight on this one.

4. Mongol, on December 5th, 2008 at 5:40 pm Said:

   what expensive oil??? look at what were paying compared to the world… its peanuts…

   Most expensive places to buy gas
   RankCountryPrice/gal
   1.Bosnia-Herzegovina$10.86
   2.Eritrea$9.58
   3.Norway$8.73
   4.United Kingdom$8.38
   5.Netherlands$8.37
   6.Monaco$8.31
   7.Iceland$8.28
   8.Belgium$8.22
   9.France$8.07
   10.Germany$7.86
   111.United States$3.45

5. Bauran, on December 7th, 2008 at 1:46 pm Said:

   They are making more money because they are selling more fuel. Profit and profit margin are entirely different things, the price is going up, yes. The profit margin though has remained the same. 8% is 8% no matter what, it’s a simple inability to grasp the concept of percentages I suppose.

   Lets say last year they sold 1billion worth of fuel, of that 1billion 10million was profit, that would be a 10% profit margin.

   Lets say this year they sold 10billion worth of fuel, of that 100million was profit (by god they made more money), that would still be 10% profit.

   They are selling record amounts so they are making record amounts….

6. tangerine, on December 8th, 2008 at 11:01 am Said:

   If I could, I would give you five stars! We’re obviously getting screwed big time here, and it’s obviously no coincidence that the oil companies are making record profits while we’re being gouged!

7. kathleen O, on December 8th, 2008 at 12:50 pm Said:

   And it was oil envy that was the real reason we invaded Iraq, and are now looking to Iran.

8. Dick Tater, on December 11th, 2008 at 11:01 pm Said:

   Hey Boo, I agree with you to a point. However, computers (to a point), movies, etc, are not necessary for daily life. We must get to work, school, have food delivered.

   Hey Mongol, you forgot to add Venezuela to the list: 0.12 a gallon.

9. Flip-ANT, on December 13th, 2008 at 4:08 am Said:

   Oil Companies are not making much more per gallon than they were 20 years ago. What is happening is that consumption has risen dramatically so they are selling more fuel than ever before. If you owned a widget factory and all of s sudden widgets began selling like hotcakes should you be punished because the “free” market demanded more of your widgets?

10. vtjames7433, on December 14th, 2008 at 2:46 pm Said:

    The US average profit margin is 7.8% while oil is making 8.2% so not far out of whack- where were you when for decades they made far less than the average profit margin???
    We need to drill at home and then set forth to finding REAL alternatives- The weak dollar and strong international demand for oil is to blame as well as speculators to some degree- NOT big oil and Bush has NO ability to control prices- he is president NOT emperor

    Playing politics in this case helps no one and solves no problem

11. cunningncharisma, on December 14th, 2008 at 11:46 pm Said:

    Big oil also profits from overseas investments. They also profit from natural gas. These profits are not necessarily correlated to gasoline prices.

    You should be aware that the average oil company profit margin for a gallon of gasoline is 8 cents. The federal government takes over 18 cents per gallon. State governments take in even more, most of which are about 40 cents. Oil companies have to drill, refine, and transport their products to the consumers. The governments do nothing for their gasoline tax income.

12. Darkwolf, on December 16th, 2008 at 11:29 am Said:

    Mongol, when the price of gas doubles in such a short time, it’s a LOT. Those countries have been paying aprox those prices for a long time, and had a longer time to come to grips.

    I haven’t even been driving for a decade. when I stasrted driving, Gas was around $1.25 to $1.50 a gallon. it’s now more than double that, almost triple the low price.

13. Jamm, on December 19th, 2008 at 12:36 pm Said:

    Of course, we’ve been blind for 8 years why stop now?
    I’m actually surprised that those record profits weren’t made to look much smaller than they were in real life…. Or maybe they WERE minimized and they’re still embarresingly high!

    Did I just read someone say that 70% of their profits comes from exploration and drilling? LMHO!!! I didn’t realize that the part of the business that actually costs the company is where the profit lies!! LOL…. What a joke. If that was the case, we’d all explore and drill and make all kinds of money!

14. Blue T, on December 21st, 2008 at 4:44 am Said:

    We should not ignore, but we should direct our rage to a sensible result.

    Instead of hitting the oil companies with a stick, we should use a stick and a carrot. They should be able to keep their profits, if oil goes under say, $2 per gallon within 18 months.

    Further, they should be given the Iraqi oil industry on a plate, provided that they get the oil wells working there and they should be exempted from the Neutrality Acts and be permitted to use mercenaries there.

    If the Russians were there, they would fix the problems in 90 days. If we cannot do it ourselves, we should bring in the Ukrainian oil companies to sort it out. We need someone who will take effective measures with the Middle Eastern crazies, who also realizes how bad the Russians are. We need a partner who does not have oil independence.

    What other country in the world would do everyone a favor by getting rid of an evil minority murderous tyrant and not get the oil flowing for everyone’s benefit.

15. andy, on December 22nd, 2008 at 10:09 pm Said:

    Actually, most of the profits for the oil companies are coming from India and China now since they have been increasing the usage while the United States has had a stagnant growth rate for a few years now. Also, it doesn’t help that we will not drill into our own oil fields that we know are there and that we do not add more refineries because there is a slight chance that we will hurt the environment.

    I heard that Nancy Pelosi doesn’t want any new refineries or oil wells just to open up the strategic reserve instead. Simple supply and demand. If supply doesn’t increase with demand than the price goes up.

16. D squared, on December 24th, 2008 at 6:27 pm Said:

    As I have stated on other questions such as this. We have no one to blame but ourselves. While people are moaning and complaining about the high price of gas, they are driving around in big fancy SUV’s. If you **** the high prices do something about it. Conserve, reduce driving, car pool, use the bus etc. etc.

17. Joe M, on December 26th, 2008 at 10:28 pm Said:

    1. Venezuela 12 cents
    2. Iran 40 cents
    3. Saudi Arabia 45 cents
    4. Libya 50 cents
    5. Swaziland 54 cents
    6. Qatar 73 cents
    7. Bahrain 81 cents
    8. Egypt 89 cents
    9. Kuwait 90 cents
    10. Seychelles 98 cents

    Of course it has to do with supply and demand.

    The profit percentages that are quoted are those Gross Profit or Net Profit? makes a whole hell of a lot of difference.

18. DOUBLE J 54, on December 27th, 2008 at 5:17 pm Said:

    it is amazing to me that the oil co. claim that they have a profit margin of around 8% but are setting profit records every quarter. when does it stop being PROFIT and start to be PROFITEERING. when commodities so vital to the health of the nation are left to the whims of the market place, they can and do have a domino effect on other areas of the economy.
    the food industry has been forced to operate on a profit margin of about 3%. i think the time has come to place the same kind of restrictions on the energy sector.
    the government awards the leases to the oil co. and can and should have some kind of restrictions that would prevent this kind of profits. the land is the “the peoples land” and as such the profits from the mineral rights should be shared with the people

19. jeeper_peeper321, on December 31st, 2008 at 2:57 am Said:

    What corelation ??

    Cheveron refing profits are down 84% in the last year.

    The corelattion is between high gas prices and the high price of a barrel of oil.

    Oil that the oil companies must BUY from other countries to refine into gasoline.

20. Sly Fox, on December 31st, 2008 at 5:04 pm Said:

    “Of Course!!”

    “Now be a good citizen and get on with making the Oilgracy rich!!!”

    Sounds a little snobbish when you read it doesn’t it!

    As for”the Oilman who is running the country (into the ground)”
    I suppose that as Oilman have taken so much out of it, this one thinks it’s time to put something back!!

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