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Those poor oil companies and the risks they have to take
Message
From
06/02/2007 10:10:00
 
General information
Forum:
Politics
Category:
Other
Miscellaneous
Thread ID:
01191692
Message ID:
01192775
Views:
20
Do you support nuclear power plants?

>Here is some proof that you are correct.
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>http://biz.yahoo.com/ap/070203/earns_oil.html?.v=2
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>Chevron up Chevron down. It is a volatile industry.
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>I would like to see us get away from fossil fuels as much as possible. With the money that the oil corporations have they could lead the way. Or they could sit back and just conduct business as usual.
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>>The price we pay for oil products in the US is incredibly low compared to the rest of the industrialized world. Take a look at what it costs in France to fill your tank if you don't believe me.
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>>The Katrina issue was not oil production, it was possible loss of refineries. There are many different state laws requiring certain distilled varieties of gas that there was a valid concern that production could be disrupted.
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>>And I seriously disagree with eliminating any subsidies that might affect domestic production. Oil is a strategic resource and we need to protect and promote domestic sources.
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>>The international oil market fluctuates tremendously and is not at the beck and call of Exxon. There is price pressure on crude from India, China, and other countries completely outside of the US chain. This may lead to windfall profits but it may also lead to losses. You have to do more than just say "gouging", I'd like some proof.
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>>>"Things worked out"? Did you really say that?
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>>>Profit is not evil. It's what makes the engine run. Price gouging IS evil. The multinational oil companies, who basically answer to no one, have been crying poor since Katrina made landfall. And now, miracle of miracles, record profits. Do you feel comfortable bent over with your pants around your ankles every time you fuel up? I don't. For starters we should shut off the federal subsidies for oil exploration in the Gulf of Mexico, at least to companies above a certain size. It's a giant giveaway that you, me, and every other taxpayer pay for.
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>>>>What, profit is evil? They're in a lucrative industry and things worked out. What's the problem?
>>>>
>>>>>http://money.cnn.com/2007/02/01/news/companies/exxon/index.htm?eref=rss_topstories
>>>>>
>>>>>Exxon Mobil Corp. Thursday reported the biggest annual profit on record for a U.S. corporation - earning more than $75,000 every minute of 2006 on the back of record oil prices.
Edward Pikman
Independent Consultant
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