Comments on: Exxon Strikes Record-Setting $11B Profit

Oil Giant's Revenue Rises 40 Percent In 2Q, But Fell Short Of Wall Street's Expectations

[andor3]

"Is the government ashamed of the money they collected in taxes from Exxon to the tune of over 30 Billion dollars? "

The government collected that money from CONSUMERS, not Exxon. We pay at the pump. Not a dime comes out of Exxons pocket, but many dimes come out of yours and mine.

[beehive21-2009]

Big Oil making Billions,meanwhile back at the ranch millions laid off ? Whew wee, the fat cats are prime targets for termination . You, have thru August to spread it around or swing,its the hottest month you know,thats all i''ve to say about that.

[fairandbal]

McCain says he would keep 1.2 Billion in tax subsidies to Big Oil if president. How can he say that and really think he cares about the average person. McCain and the GOP are protecting Big oil profits and rubbing our noses in it.

McCain is not mentally fit to be president!!! We can''t stand another oil man in the white house. We can''t stand a 3rd Bush term!!!!

[cfin5]

Posted by libsluv2spit at 10:43 PM : Jul 31, 2008---- When I filled up I noticed the price of unleaded was $3.54 two days ago. That is not 10% ethanol blend either.

[libsluv2spit]

Posted by libsluv2spit at 10:31 PM : Jul 31, 2008--- I can imagine how bad it is there.....Hey Californians, the last time I filled up my vehicle, I paid $2.85 per gallon for E85. What are they getting there?

Posted by cfin5 at 10:35 PM : Jul 31, 2008
+ report abuse

******
the last time i put some gas it was $3.75. My jeep sat in the garage since then (just in case there is an earthquake or riot i need a car)

but im mta, bus and manpower..it pisses me off to see those prices and to see people so addicted and weak minded that cannot go by with out it

[cfin5]

Posted by libsluv2spit at 10:33 PM : Jul 31, 2008-------------Kvityurschpitzing.

[on_alert247]

Voltaire,

You are the ***. Exxon-Mobile made that profit from its 3% share of world exploration and production. THATS 3% CONTROL and nothing close to monopoly. They just happen to sell their 3% on a world market controlled by OPEC who has over 90+% of the worlds production. You can tax ever *** cent they make or take them over and it won''t change the fact that oil will still sell high and ANY COMPANY that produces any oil will reap the profits from their exploration. GOT IT!

[cfin5]

Posted by libsluv2spit at 10:31 PM : Jul 31, 2008--- I can imagine how bad it is there.....Hey Californians, the last time I filled up my vehicle, I paid $2.85 per gallon for E85. What are they getting there?

[libsluv2spit]

Where can I buy stock in the government since they make three times more than Exxon?

Posted by cfin5 at 10:32 PM : Jul 31, 2008
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*****

buy some bonds smart arse

[cfin5]

Where can I buy stock in the government since they make three times more than Exxon?

[libsluv2spit]

Is the government ashamed of the money they collected in taxes from Exxon to the tune of over 30 Billion dollars?

Posted by cfin5 at 10:29 PM : Jul 31, 2008
+ report abuse

******

do you knwo how much taxes are attached on the price of gas in LIBERAL CALIFORNIA???

[libsluv2spit]

Amazingly, there are still some morons who defend Bush, and what makes it worse, they are getting "skrewed over" by the Republican "protected" oil companies everyday. Barnum must have ben talking about red neck neo-cons!

Posted by excoachken at 10:05 PM : Jul 31, 2008
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*************

"they"?????? why you dont buy gasoline anymore??

the worse kind of oil fiend are the ones who think they are not an oil fiend..sorry pal..that ''no war for oil'' bumper sticker does not MAKE YOU EXEMPT..

[cfin5]

Is the government ashamed of the money they collected in taxes from Exxon to the tune of over 30 Billion dollars?

[libsluv2spit]

Posted by rharrin1 at 10:24 PM : Jul 31, 2008
+ report abuse

**********

you cant be serious....can you get from someplace where a little less..humm liberal.

[excoachken]

Amazingly, there are still some morons who defend Bush, and what makes it worse, they are getting "skrewed over" by the Republican "protected" oil companies everyday. Barnum must have ben talking about red neck neo-cons!

[daysrnumbrd]

Posted by RosieOD4Prez at 09:17 PM : Jul 31, 2008
............

You are the first Conservative on this board I enjoy talking to! :-)

But seriously though, on the speculation (Enron Loophole) front: That legislation was introduced into a bill by Phil Gramm in 2000, signed by Bill Clinton, which first caused the great power catastrophe in California during that time, and now the run up in the price of oil. Experts have said that if oil prices were solely based on supply/demand and NOT speculation, then the current price of oil would have taken at least 5 to 10 more years to achieve.

Now I wonder if Bill Clinton signed that awful bill (found in Wikipedia.org, under "Enron Loophole"), because he either didn''t read it carefully... which would make him culpable for his negligence, or, he clearly saw a way for he and his wife to monetarily benefit from the deregulation... which would make him culpable for his greed and disregard for America.

I don''t just blame Phil Gramm for the "Enron loophole" legislation, because when it comes to creating legislation and passing it...

...it takes "two to tango" as they say.

[sparks224]

Poor EXXON-Mobile, the Republicans should give them some more "tax Relief".

[rosieod4prez]

DaysRnumbrd - I suspect you and I think a lot alike.


I''m not sure what to think about the speculation part of the puzzle. It may have surfaced due to the elasticity of that marginal unit of oil, or may be because of the poor jobs our elected officals have done in making sure we didn''t get here in the first case.

You are CERTAINLY correct about not having the time or will power to read all the necessary material to sort out the politics of the situation.

And even if we did, who would believe our ''opinions'' ?


The topic is so hotly ''debated'' that no one listens to anyone. They don''t want to be confused by the facts.

All I know is my College economics, and I can''t believe that more supply wouldn''t EVENTUALLY bring down the price.

But as you seem to be a moderate in yor comments, I am persueded to listen to what you have to say.







Hear that out there yo far left liberals!!!!!!

Sorry DaysRnumbrd - had to get that in for the rest of the crowd.

[crossville4]

What they forget to tell you is how much tax they pay.

11 B equials about 6B in taxes.

Do you think Congress is going to help the people when they are collecting this kind of money?

All talk but no action.... Safe the planet... do you think the speaker cares about the planet? Think!

[voltaire333]

It''s already been tried by smarter people than you and they all failed miserably.
Posted by michaelt302 at 08:56 PM : Jul 31, 2008

Plainly, you''re a re-ta-rd. When a small group of people control the world''s supply of an important resource, it''s not capitalism, you stupid idiot, it''s called a monopoly. ExxonMobil does not add value to the world, it''s merely a leach that sucks money from hardworking and innovative companies who are working on solutions to the world''s problems. Were it not for leaches like ExxonMobil and other oil companies, we''d have already solved the world energy crisis, but thanks to leaches like Exxon, everything is more costly and innovation takes longer and greater investments, and if that weren''t enough, our politicians who are bought by the oil companies create laws that reward dependency on oil and punish attempts to get us off our addiction. Grow up and learn a little more about capitalism. Then, you''ll understand that republicons are not in favor of capitalism. They favor monopolies, and rewarding fat cats who do nothing but rake in money and get fatter.