Comments on: Big Oil Profits Go To Investors, Not R&D

More Than Half The Money Made By The Five Largest Oil Companies Goes To Stock Buybacks And Dividends

[starleo146]

Remember this, the next time you hear the Republican Party pontificating about religion, or "the sanctity of life", or "the American way of life", or patriotism.

I mean, c''''mon - if you really cared about ANY of those things, would you not be sleepless and relentless in your drive to eliminate our dependence upon oil and thus guarantee the safety of our nation, our freedom to worship as we will, and the future of our children?

lolll...but are they? Nope...their motto is "Show me the money!".

Posted by ibsteve2u at 10:45 AM : Jul 22, 2008

Just do not stop posting great post

[oneamerican-]

"Hell, communist China is allowed to drill 60 off the Florida coast in international waters, but Exxon/Mobil can''t. They''re not allowed to."

Posted by mike071067 at 11:49 AM : Jul 22, 2008


Exactly right. That was one of the first things that the Democrat-controlled congress did when they were voted in in ''06 was to allow China the priveledge of drilling off of the Florida Keys, but those same Democrats refuse to lift the ban on offshore drilling by U.S. companies.

It''s as though the Democrats in congress are getting paid by our competitors to hamstring our energy options.

[redwhtblue2]

Big Oil Profits Go To Investors, Not R&D

Know wonder Republicans keep repeating drill here drill now

Doublethink is the act of simultaneously accepting two mutually contradictory beliefs. It is an integral concept of George Orwell''s dystopian novel Nineteen Eighty-Four.

Origin
According to the novel, doublethink is:

The power of holding two contradictory beliefs in one''s mind simultaneously, and accepting both of them . . . . To tell deliberate lies while genuinely believing in them, to forget any fact that has become inconvenient, and then, when it becomes necessary again, to draw it back from oblivion for just so long as it is needed, to deny the existence of objective reality and all the while to take account of the reality which one denies all this is indispensably necessary. Even in using the word doublethink it is necessary to exercise doublethink. For by using the word one admits that one is tampering with reality; by a fresh act of doublethink one erases this knowledge; and so on indefinitely,

with the lie always one leap ahead of the truth.

GOP MANTRA DOUBLETHINK

with the lie always one leap ahead of the truth.

[Syndicate]

DON''T FORGET WHO TRULY PROFITS FROM OIL. BIG GOVERNMENT!!!!!!

The oil companies have explored the entire globe. They know were the good stuff is and were it isn''t. Congress just wont let them have it.

[bretster7]

nancy said,
of all of the industrialized nations, Americans are the most likely to be living in their car some day.


Just another gloom and doom liberal.
Come on nancy, cheer up. Is not Obama "the saviour of mankind" going to make it all better? Why sure he is. He is a superman. Why once he says the oath of office, the price of gasoline will plummet to a dollar a gallon. The sky will be much more blue, the birds will be singing just a little louder, and we will all be living in utopia. Gosh I just can''t wait, can you?

[deacon20081]

My goodness the Oil Company Bloggers are active on this story today are they not?
Seems they are crawling out of the wood work or should I say tar pits.

[starleo146]

This article cannot be right. Right wingers such as Rush, Hannity, Gibson, etc. have been assuring us for years that all profits go to finding new sources of oil.

Posted by ramos937 at 11:17 AM : Jul 22, 2008
+ report abuse

And they are still not satisfied, they want our off shore land. How many acres of profitable oil they have already, and haven''t even started drilling, what are they waiting for , for it to just shoot out of the ground on its own accord. If the truth is known they themselves did this drive up on a barrel of oil for profit, fear, and get the the off shore drilling for even more profit and what guarantee they wouldn''t take that and sell it to china and India and we still pay the bucks these con men have sold us a bill of goods here and something is rotten in American

[fuzzybear9]

Hello Confused Americans

lets go over the most important facts again.

Oil has been a wounderful source of energy,

it was probably a squandered resource, I`ll admit I even had a 417 hemmi muscle buster.

oil is a limited resource, it takes 100,000 years to cook a barrel of seaweed into a barrel of oil.
so its not coming back real soon.

oil has tremendous Alchemy properties, most of our pharmacuticals come from oil, so we probably shouldn`t just waste it.

everybudy needs to get use to the idea of changing to new energy sources, and get rid of the autos and planes as we know them ( just think no more layovers). neccessity is the mother of invention.

sincerely breaking the bad news to you as gently as possible Bear
Fuzzy

[vndisabled]

It doesn''t take much actual bottom-line profit on each barrel of oil to make serious coin when millions are sold each day - otherwise those $multi-hundred-million bonuses for oil execs couldn''t exist, now, could they?n But what a lot of people don''t know is who the major shareholders of oil companies really are, and a significant number of them are retirement funds - that''s right. Are you a retired state employee? Then guess what? Your retirement fund may be making serious dividenfd profits from all those oil company shares it bought. Psst - don''t tell anyone - it''s supposed to be a secret, but what that means is those funds who send you your retirement each month are the ones *** you at the pump, from money you paid them to invest for your retirement when you were still working.

[missingamerica]

You sure use a lot of words to say "My money overrides any concerns that you might have for the environment or the future of your children.", Billyb500 .

[ramos937]

This article cannot be right. Right wingers such as Rush, Hannity, Gibson, etc. have been assuring us for years that all profits go to finding new sources of oil.

[billyb500]

I really ticks off the socialists of the world (i.e., Obama and his left wing buddies), but corporations are supposed to make money. That''s the system, and looking at our standard of living, the best system in the world. In fact, the management has an obligation to put the shareholders interest first. They are not a philanthropic organization dedicated to making the world better. Since most Americans participate in 401K''s and profit plans, most are also shareholders. If some people want to take their profits and use them to support hypocrites like Al Gore, be my guest. For me as a shareholder, I want corporate management to maximize my profits. That''s why I pay them so well.

[missingamerica]

Fact 1: oil companies pay FAR MORE in taxes than they get in profits
Fact 2: the taxes they pay are equal to the entire lower 75% of all individual taxpayers

Posted by ritewingman at 10:58 AM : Jul 22, 2008

(Psssst...something the oil companies wish to remain below the radar...when they talk about taxes they pay, they include royalty payments in their figures..

"Royalty payments? What are those?", you ask...why, that is what the oil companies are SUPPOSED to pay for pumping something that is owned by the American people and/or various Native American tribes out of the ground and converting it into money...I say SUPPOSED to pay because about the last thing the oil companies want is somebody to compare what came out to what they payed...)

[fuzzybear9]

Hello America

Fuzzy what about Big Oil ?

lets talk about Big Oil, lets talk facts, no crazy people, no speculation just facts.

Fuzzy can you do that , Yes I can and will.

1.) it costs big money to drill for oil, even a small rig costs about, $10,000 a day to run (really small one seater)

2.) not every oil well is successful, computers go down, logging equipment gets stuck, casing won`t fit,
water trucks aint got no water. geologist pick a wanna be anticline thats a reverse fold. granite rock.

3.)oil resovoirs are decreasing in size, all the big black mother loads are gone, we are down to flakes and dust here.

4.) people who invest in oil want a return, most wells drilled return bills is all.

5.) and their are people that feed on oil fear frenzy.

6.) you have wacko environmentalist that don`t know squat about oil drilling, and you have oil men that don`t know diddly about global warming.

thats about it.

oh and you have consumers that really just complain.
give me free gas.

sincerely Fuzzy

[navyjimfl]

Wow!....Sean Hannity says all the time that the oil companies only make a few cents on each gallon of gas and that taxes take up most of their profit along with research and development.....surely Sean can''t be wrong........

[missingamerica]

lollll...hey, I just realized...what happened, CBS? Did you decide that the following headline might be a tad too controversial for those who hold your stocks to swallow?

"Big Oil Profits Go To Investors, Not R&D (Or Building New Refineries)

[missingamerica]

"and thus guarantee the safety of our nation, our freedom to worship as we will, and the future of our children"?

Hmmm...my long-term vision is somewhat obscured by the pressing immediacy of the need for dealing with the b@stards who are currently "in charge"...

"guarantee" is far too strong of a word....a better choice would have been:

"and thus improve our odds of maintaining the safety of our nation, our freedom to worship as we will, and the possibility of a decent future of our children".

[u-r-right]

It''s all about the fast buck these days. How fast and how much can be made in the shortest amount of time. Just look at how much is charged for labor when you get your car repaired these days. Look how much labor is charged when you hire a contractor to fix something in your house. The mindset in many of these cases is that they are doing you a favor and you will pay for it not that you are a valued customer and can take your business elsewhere or simply do the job yourself. The reason is because most people are lazy these days. They don''t have a sense of pride in their jobs anymore. And we''ve lost the sense of real honesty and helping each other out.

[missingamerica]

Remember this, the next time you hear the Republican Party pontificating about religion, or "the sanctity of life", or "the American way of life", or patriotism.

I mean, c''mon - if you really cared about ANY of those things, would you not be sleepless and relentless in your drive to eliminate our dependence upon oil and thus guarantee the safety of our nation, our freedom to worship as we will, and the future of our children?

lolll...but are they? Nope...their motto is "Show me the money!".

[oleander8]

The corporate mentality in America today is amazingly shortsighted. Every executive seems to believe "I''m gonna get mine - to heck with the future of the company, country and world".