Oil Companies - Page 2

**L-car114** · #11 (**permalink**) 06-10-2008, 11:24 PM

I'm sure the Oil Co. execs sleep just fine. They are doing exactly what you would expect them to do if you were on the board of directors that employs them. Their job is to increase Company profits. That is what they are being paid so much for.

They should only be losing sleep if they were falling short in that goal because that would mean that the BOD would find someone else to do the job they can't do.

**DngrMse** · #12 (**permalink**) 06-10-2008, 11:34 PM

Quote:

Originally Posted by L-car114

I'm sure the Oil Co. execs sleep just fine. They are doing exactly what you would expect them to do if you were on the board of directors that employs them. Their job is to increase Company profits. That is what they are being paid so much for.

They should only be losing sleep if they were falling short in that goal because that would mean that the BOD would find someone else to do the job they can't do.

This is all part of that 'unfair practices' that McCain has been mumbling about lately.

Sigh.

Thankfully, 95% of what politicians promise, or campaign for during the election process never come to pass. But we'll soon be blessed with a dem majority in both houses, along with a liberal president, so that bit of traditional wisdom might soon be put to the test. :/

**SAMSON** · #13 (**permalink**) 06-10-2008, 11:38 PM

Quote:

Originally Posted by DngrMse

But we'll soon be blessed with a dem majority in both houses, along with a liberal president, so that bit of traditional wisdom might soon be put to the test. :/

You've turned Canuck, bitch!!!

**boedicca** · #14 (**permalink**) 06-10-2008, 11:38 PM

Quote:

Originally Posted by hadit

Other people that should have a LOT of trouble sleeping at night are the politicians that benefit hugely from those massive profits the oil companies are making. Every dollar an oil company makes increases the government's revenues. They don't want you to think that way, and even lie to you that they are going to cut the oil companies' profits. Note that they never talk about reducing their OWN take from the oil stash.

The government makes more in taxes on a gallon of gas than an oil company does profits. Average oil company profits are (from memory) about 8.5%. This is not an excessive amount - especially considering the large capital investment required.

If one doesn't like the price of gasoline, one may figure out ways to use less. Supply vs. Demand actually works, as evidenced by the drop in SUV sales and the increase in ones for Hybrids and higher fuel efficiency vehicles. Of course, all of this would be easier if we: drilled for domestic oil and vastly increased our use of nuclear power.

**boedicca** · #15 (**permalink**) 06-10-2008, 11:39 PM

Quote:

Originally Posted by SecretSamadhi

I don't buy that...they may do more research or exploration than other companies do but they can AFFORD to.

What businesses do you know of that do better than the oil companies are right now??

Do you really think we would be better off if oil companies couldn't afford to invest in their businesses?

**SAMSON** · #16 (**permalink**) 06-10-2008, 11:39 PM

One takes Public Transportation. B.A.R.T.

**boedicca** · #17 (**permalink**) 06-10-2008, 11:41 PM

Oh Noesssss!!!!11!!!1!!! One's industry is More Evul than Big Oil!

Quote:

Originally Posted by Freedom&Liberty

This is from the last quarter that ended in March '08. It only references tech companies that exceeded Exxon/Mobile's profit margin. Companies like Yahoo, Apple, Microsoft, etc.

5 Tech Companies More Profitable than Exxon Mobil : TechVat

Oil Profit Margins vs. Other Industries « The Everyday Economist

Also, the states and the federal government make more than the oil companies profit.

**boedicca** · #18 (**permalink**) 06-10-2008, 11:42 PM

And judging from the above chart, we should get all hinky about Big Soda, Big Beer, and Big Burger&Fries. They earn more than Big Oil!

**SAMSON** · #19 (**permalink**) 06-10-2008, 11:44 PM

They have risen above the Software Industry?

Astounding.

**DngrMse** · #20 (**permalink**) 06-10-2008, 11:46 PM

Quote:

Originally Posted by SAMSON

You've turned Canuck, bitch!!!

I still favour the colonies.

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