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Politics & ReligionWell Since every damn forum has one. Might as well leave it out there. This place is loosely moderated and should not be entered if you're weak of heart.
Largest U.S. oil company surges past analyst estimates to post net income of $14.83 billion.
Ok boys as a Middle Class Joe I've seen the writing on the wall and well, looks as if our government is owned and operated by big oil and there is just no room in this country for Middle Class Joe.
Joe the Plumber sure! I mean he's pulling in $250k but Middle Class Joe pulling in $100k? Well not for me, so it's off to Mexico!
And don't feel about Poor Class Joe, he was ground up and utilized as fertilizer for Ms Paris Hiltons garden.
I wonder what kind of deal big oil and Dead Eyes Dick made 8 years ago.
These guys weren't pulling this kind of cash under Clinton so it had to be fucking good!
I hate these threads. Of course they have higher profits, the earnings are off of a profit margin. The profit margin hasn't changed, and Exxon reinvests much of its money into oil and even greener technologies. Those don't make news though.
In all seriousness, profit margin tells a lot more about a business than profit.
Pharmaceutical companies IIRC make about 25 or 28 percent profit margin. That's where our concern should lie.
These guys weren't pulling this kind of cash under Clinton so it had to be fucking good!
Earnings are based off of a percentage and overall profit has to do more with the price of oil than anything else. It has nothing to do with the Bush administration.
Pharmaceutical companies rely on patents.
Our friends in big oil rely on Dead Eyes Dick!
Again, pleas note they weren't doing this great under Clinton, thus one has to ask what kind of deal that Dead Eyes offer them to produce said profits?
These guys weren't pulling this kind of cash under Clinton so it had to be fucking good!
Perhaps Shah, it just MIGHT be the fact that ExxonMobil was two seperate companies until the latter part of Clintons tenure??
Something to digest....
Quote:
Still, we are going to analyze these two companies under the assumption that they will merge in the not-so-distant future, possibly sometime later this year. Once combined, Exxon Mobil will become the giant of the industry in almost every measurable respect. Total oil and gas reserves will amount to about 20.7 billion barrels of oil equivalents (BOE). Daily oil and gas production will total 4.3 million BOE. Combined 1998 total revenues are estimated at $171 billion, with combined net income in the neighborhood of $8.14 billion (excluding charges). The list of mind-boggling numbers goes on and on.
Pharmaceutical companies rely on patents.
Our friends in big oil rely on Dead Eyes Dick!
Again, pleas note they weren't doing this great under Clinton, thus one has to ask what kind of deal that Dead Eyes offer them to produce said profits?
Many fields rely heavily on patents, but pharmaceutical companies have the highest profit margin out of any other field. It's more because of limited competition.
Keep believing that oil profits are based off of the executive branch instead of the price of oil and OPEC. Good job there.
Earnings are based off of a percentage and overall profit has to do more with the price of oil than anything else. It has nothing to do with the Bush administration.
Nevermind, BLAME BUSH!
Hold on a sec, ok the pirce of crude went up? Ok then so did the price of gas? Ok makes sense. A more expensive raw ingreadent equals a more expensive final product. That I'll buy.
But record profits? That would only jive if the price of curde were low and the price of gas were high, thus providing greater return on invested raw product.
Again, what kind of deal did these guys get from Dead Eyes Dick when they had their not so secret meeting which they do not care to talk about.
Look all I’m saying is that you elected an oil man, ok be it a filed oil man, as president with hopes that he would know what to do.
And I’m saying we gave the wolf the job of guarding the hen house.
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Not the sharpest tool in the shed. Better punish the more productive and efficient firms so they can't hire more people and provide more extremely valuable services to us.
Let's take their money and give it less efficient firms, or the most inefficient firm in existence, the government.
__________________
"Blind is the world
Few are those who clearly see"
Sahtt, in that theory Ms Paris Hilton who barely graduated from high school is more productive than you are simply based on the income she earned from her estate which was given to her by her parents.
So? What do you think?
Is a trust fund baby pulling in high 6 figures more valuable than you?
How you doing? They be doing great!
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