^^ you go ahead and prove that one. All that is is speculation. And if they are colluding... then why are gas prices falling when the input (crude) is falling too? Seems to me that these events make sense under the rules of capitalism.Collusion is illegal and if they were in collusion, then when the price of crude went down and the price of gas remained, they would be investigated.The oil companies are some of the most investigated in the country. The Senate/House/Government has yet to find a single thing they've done wrong.^THERE IS NO PRICE FIXING YOU RETARD! THE FUCKING PRICES ARE GOING DOWN! DO YOU REALLY HAVE TO DIG THAT DEEP FOR A FUCKING CONSPIRACY THEORY?[Edited on September 15, 2006 at 10:44 AM. Reason : .]
9/15/2006 10:43:58 AM
Yeah, they might have to bring some of the companies before the Senate and forget to put them under oath or something.
9/15/2006 10:45:04 AM
OH YEAH! I REMEMBER WHEN THE PRESS REPORTED THAT! I'M SO SILLYreally, just stop, you're making a fool of yourself.[Edited on September 15, 2006 at 10:46 AM. Reason : .]
9/15/2006 10:45:49 AM
9/15/2006 10:49:40 AM
oh holy shit. You are retarded.You can't look at profits. Exxon is a HUGE company, the raw number of profit is HUGE as well (see: ratios).Look at PROFIT MARGIN... which for the oil industry is between 10 - 11%... modest. CITIBANK has a 16.5% profit margin.It has nothing to do with politics and everything to do with economics. ^ plz read.[Edited on September 15, 2006 at 10:53 AM. Reason : .]
9/15/2006 10:51:33 AM
9/15/2006 10:55:01 AM
If you want to see who's robbing you at the pump1Q 2005 - Exxon Mobil (in millions)TOTAL REVENUE $82,051TOTAL TAXES $23,225NET INCOME (PROFIT) $7,860THEY'RE PAYING THREE-TIMES MORE TAXES THAN THEY'RE GETTING IN PROFIT! WHO'S ROBBING WHOM?It seems to me that Congress should investigate themselves and they're tax procedure instead of the oil companies. It's not the profit that's causing the prices to be high, it's the fucking tax.[Edited on September 15, 2006 at 11:00 AM. Reason : .]
9/15/2006 11:00:01 AM
Don't forget the $0.27/g gas tax in NC and the $0.184/g US gas tax.
9/15/2006 11:05:28 AM
and all their revenue taxes and tax on capital and anything else that the government taxes.I mean, if you think that's fair...
9/15/2006 11:11:49 AM
nutsmacker...your an idiot....prices rose in NY....and now they have fallen in NY....prices rose in NC...nowthey have fallen in NC...geography has NOTHING to do with this....get past your stupid argument...holy cowthe profit margin on a gallon of gasoline is TINY....its miniscule compares to somethign like...say...a plasma tv.....
9/15/2006 11:13:51 AM
he doesn't understand the difference between profit and profit margin... that's the gist of the whole thing.
9/15/2006 11:19:51 AM
pretty much...its his nature as a hippie liberal to cry about big bad corporations who make lots of money. In truth, he has no idea how economics works and he is not interested in learning. he would rather bitch and moan about evil oil companies who are out to make (heaven forbid!!!) profit.
9/15/2006 11:22:41 AM
and without that (evil) profit... there would be no oil exploration, no refineries, no gasoline
9/15/2006 11:24:06 AM
9/15/2006 11:33:27 AM
9/15/2006 11:37:32 AM
and paying 23,225,000,000 a QUARTER (not month) in taxes. Man if you think that's fair, why don't you divy up the proportions and then divide your check according to those, and donate that percentage to the government?Why wouldn't you want to do that?
9/15/2006 11:41:48 AM
9/15/2006 12:02:23 PM
Violating what consumer? A mom and pop grocery store making a 15% profit margin is violating their consumer in a greater fashion than the alleged violation going on with exxon.
9/15/2006 12:06:14 PM
9/15/2006 12:09:37 PM
such a shame that gasoline stations can barely make it in this cruel world... why, that's rather hard to believe since they're on every fucking street corner in america.and grocery stores make about 2c per item they sell in profit. The station might not get much per gallon, but multiply that by the number of gallons they pump...you're so short sighted. You refuse to see the big picture... absolutely refuse to see it.[Edited on September 15, 2006 at 12:25 PM. Reason : .]
9/15/2006 12:23:56 PM
9/15/2006 1:17:40 PM
9/15/2006 1:30:19 PM
9/15/2006 2:01:29 PM
9/15/2006 2:03:22 PM
Dude, can you honestly say that the oil companies will continue to gouge unless the government does something about it when i SHOWED YOU THAT THE GOVERNMENT MAKES MORE MONEY FROM OIL SALES THAN THE OIL COMPANIES PROFIT? ARE YOU BEING SERIOUS?
9/15/2006 2:04:46 PM
9/15/2006 2:05:16 PM
9/15/2006 2:06:37 PM
9/15/2006 2:08:03 PM
I NEVER SAID THAT GAS IN NC IS AS HIGH AS IT IS IN NY!!!! FUCK!!!gas prices were high here...they were high in ny...across the board...they were high...now they are lower!!! what dont you get!!!1 prices went up...they went downcalling you a hippie liberal is exactly what you are...and that explains why you have the stance you do...like i said..the fact that they have a high profit is not proof OR even evidence of gauging....what else you got??[Edited on September 15, 2006 at 2:10 PM. Reason : asdf]
9/15/2006 2:08:46 PM
9/15/2006 2:08:54 PM
9/15/2006 2:12:41 PM
hey buddy...if you are goinkg to make strawman arguments all day...and claim that profits equal collusion then i really do feel bad for you...your mind is so far gone that you have no concept or reality whatsoever...facts...you have no proof...zero that there is any sort of collusion going on gas prices were high across the country....now they are lower....that you cant read something and understand what the writer is saying is not my faultin spite of all the idiocy that you have posted here today..you have yet to prove anything...all you have said is..."i think there is collusion"...."why is that nutsmacker"...."because oil companies are bad and make lots of money"i await your evidence...please post it
9/15/2006 2:13:09 PM
capitalism is evil, didn't you know that trikk? Evidence? HAH! Who needs evidence? I feel it is evil.
9/15/2006 2:15:22 PM
9/15/2006 2:18:20 PM
wrong. capitalism with government interference reduces the power of the free market.Or did you miss that class too?
9/15/2006 2:21:19 PM
9/15/2006 2:21:24 PM
I actually would like to see the collusion evidence too, please. Want me to save you some time? Don't look... there isn't any evidence.[Edited on September 15, 2006 at 2:24 PM. Reason : .]
9/15/2006 2:23:38 PM
^^no, government regulations serve to open the market. companies wish to function within closed markets because they can charge as much as they want for the product that way.^how many times do I have to say it. Compare the history of their profit earnings. they are making far much more money then the historical evidence suggests they should. Also, they've been called before congress about the matter a plethora of times.I don't undersand why conservatives view corporations and angelic entities beyond illegal market constraints.And why don't you people answer my question. why is exxon refusing to repay the federal government and the alaskan government for the valdez clean up?here is evidence of collusion in canada http://www.direct.ca/trinity/gasprices2.html[Edited on September 15, 2006 at 2:26 PM. Reason : .]
9/15/2006 2:24:49 PM
^^true....butnutsmacker...please post evidence of collusion....until then this is nothing more than hippie liberal ranting...OMG ADHOMIRIANEFAIEFNIEWAFAEWFAKF!!!!!! ITS ALL ILLEGIT!!!
9/15/2006 2:26:21 PM
can't you follow a link?
9/15/2006 2:29:07 PM
9/15/2006 2:30:19 PM
9/15/2006 2:30:36 PM
nutsmacker....abornio is right..i dont intend to dignify your just plain ignorance any more. please go read an econ book and come up with some real arguments. Something more than "omg they make so much money"
9/15/2006 2:32:28 PM
yup and the motor companies didn't leave the corvair on the market or the pint on the market after learning about the serious danger those automobiles provided.CORPORATIONS WILL NEVER DO ANYtHING WRONG.and please refute the information in that post rather than just say, "you're wrong, oil companies will never collude amongst themselves."
9/15/2006 3:23:33 PM
those who commented on the hydrogen-gas powered bmw 7-series, please check out this fully hydrogen powered car by GM:http://brentroad.com/message_topic.aspx?topic=432400
9/15/2006 5:11:01 PM
9/15/2006 7:37:34 PM
Oil seemed plenty profitable this summer.
9/15/2006 7:50:48 PM
9/15/2006 8:03:42 PM
9/16/2006 1:03:00 AM
"Oil Companies"Note the "ies" instead of the "y"The Oil companies have no interest in curtailing production because Saudi Arabia is the marginal producer, not western oil companies. Therefore, because the oil companies are not curtailing production they cannot be either a monopoly or a trust. Think about it: Saudi Arabia can export as much oil as it feels like (well, eventually it can). So, let us imagine the western oil companies colluded to reduce production by a million barrels a day in order to drive the price up. However, Saudi Arabia was already happy with the previous price (otherwise it would have cut production), so, the net effect is Saudi Arabia will just export an extra million barrels a day to fill the hole and prevent the price from rising. Net effect, western oil firms lose Saudi Arabia gains.
9/16/2006 9:51:58 AM