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Poor little victim. You are suffering. Gas is too high. Oh, boo-hoo-hoo. A mean company is charging you too much for gas. Oh, boo-hoo-hoo. I feel your pain. Let's form a victims club and we can get together and all have a good cry.
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"Victory at all costs, victory in spite of all terror, victory however long and hard the road may be; for without victory, there is no survival." Winston Churchill |
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Fortune bases their findings on total revenue, not exactly the best measure of size, but whatever. That aside, Mobil doesn't set gas prices in this country. Gas like any commodity trades on an exchange based upon supply and demand. Mobil's revenues will be up sharply because prices were up sharply. One of my customers processes scallops, they receive them and package and send to restaurants or stores with spice or something added. Their sales were up more than 50% in 2005, yet they actually sold less product than in 2004. How did this happen? Because in 2005 prices were up sharply due to increasing oil prices, low fishing stocks, and a shorter fishing season than normal.
So sales were up, profits were up slightly, but nothing to do with their policies and instead a reflection of market forces. Mobil may be a little more complicated than that, but pure revenue numbers are misleading to say the least.
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JMS gets another English lesson: Quote:
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Maybe you don't even own a car!!! |
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Rebellion:
I don't know which part of the country you live in? May be your Rebellion means you are a billionaire! The major Oil company jump up the gas price during the Katrina disaster: When the unleaded gasoline price went up to $3.19 per gallon, the same period at Walmart gas station is $2.83, how did Walmart manage to maintain a descent price? Don't tell me that you don't know how much profits those major company made last year? When a barrel of oil went up 100% does not mean our gasoline price should go up 100%. The gasoline price including raw oil price plus refinery and handling, management,shipping costs and profits. Are all those other factors going up 100% too. |
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Of course the oil companies made a profit. And they should. They insure that there aren't lines at the gasoline stations, like there were back in the 70's. And the price we pay for thier efforts is exactly what the market determines that it should be. There are federal regulations that do not allow the oil companies to "price gouge", and as far as I know, none of them have ever been found to have done so. If the government stepped in and regulated the price that oil companies could charge, we would have lines at the gas stations, because the oil companies wouldn't be able to keep up with the market demand during shortages.
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Tiger got to hunt, Bird got to fly, Man got to sit and wonder 'Why, why, why?' Tiger got to sleep, Bird got to land, Man got to tell himself he understand. ~Bokonon |
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Making billions of dollar profits out of American people is a national tragedy: http://www.huffingtonpost.com/2005/1...ts_n_9562.html Major Oil Company Profits Expected To Be $96B, Up From $68B Last Year... |
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I'm sorry but oil prices went up. They provide a product derived from it...so they made a profit. Called Capatilism.
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...what about Albertsons those bastards and their pricey foods! |
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When you have a price fixed industry, every gas station on the same block consistently having the same high price. You don't have a choice, do you? If I could make my own gasoline I wouldn't complain here. All I am saying is that those major oil companies don't get too GREEDY, is this too much to ask? Have you all noticed last few months when those CEOs were questioned by congress how stable the gasoline price was? Gasoline price does not just affect your driving costs only, it affects on every consumer products pricing. [Everything need to be delievered.] |
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