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$10.9 Billion Ain’t What it Used to BePosted on May 1, 2008
Exxon Mobil made $10.9 billion last quarter, but investors were disappointed that the world’s biggest oil company had only its second-biggest quarter ever. With a product that is harder and harder to find, shareholders who demand even bigger windfalls and consumers who are about ready to revolt, you almost have to feel sorry for the oil companies. No, you really don’t.
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By Jim Yell, May 2 at 4:35 am # TAX the bastardsPretending that the oil industry hasn’t manipulated the market, they started this mess by a ham handed grab at another nations resources using the US Military for cover and thanks to President “if I only had a Brain” and Vice President “who me? Know that my policy efforts have made me incredibly rich at the cost of ruining the country, Cheney”. Corporations don’t need tax breaks they did supervision and big tax increase on outrageous profits. They are killing small businesses and some fairly big ones.
By Allen Wood, May 2 at 2:21 pm # Re: You've been had!Awesome Post. I could not have said it better! And on top of this, I found out today that the pentagon has no idea where over 2 trillion dollars has gone. Talk about being fleeced! Where I work, I have to account for every minute of my time, but the government can’t account for this much money, which primarily was received from the American taxpayer. When is Dorothy going to fly by with the house? When are the American people going to get a break on gas prices from companies reporting multi billion dollar quarterly profits? I’ve been talking to a lot of people that say “When regular gas goes over $4.00 a gallon, they are going to stop going to work. There comes a time when it just does not pay to be an honest working citizen of the US. The brakes have to be put on at some time in this country, and that time is rapidly approaching. When illegal aliens have far better benefits than legal citizens of this country something is so wrong that an abrubt and brutal change is neccessary. Revolution is coming, and it will not be pretty. When the NeoCon proponents find themselves in a defensive position against thousands of armed pissed off citizens who have been backed into a corner, rhetoric will fail! You will reap what you sow.
By Conservative Yankee, May 1 at 11:40 am # Yeap it’s the oil companies to blame. The oil companies forced US citizens to buy a record number of gas guzzling SUV’s The oil companies forced bulk product companies to ship by truck and put Conrail into bankruptcy. It is obviously the oil companies which made people decide to buy all that polymer product that litters lawns in less affluent communities. You folks ignored three warnings. in ‘73, ‘79, and ‘91. You could have forced car makers to build fuel efficient cars. You could have demanded alternative fuel vehicles. You could have demanded mass transit, fewer roads, and alternative heating methods. You could have demanded this because then you were the primary customer… that ship has sailed! You didn’t.. you thought the gas, oil and cheap kitchen utensils would last forever… or at least till it no longer mattered to you.. Now it’s almost too late. Now neither the US government nor the corporate entities which market oil need you… They have other customers and other interests. Tough shit… my heart bleeds for you!
By Allen Wood, May 2 at 2:34 pm # Re:The Oil Commpanies FORCED Americans? Apparently you are too stupid to understand that DUMB Americans such as yourself decided to buy gas hogs. I guess the salesman was holding a large calibre weapon to your forehead when you bought your last vehicle. You are just like the typical American. Dumb as a freakin doorknob, and wanting to blame everyone else for your sub zero IQ. See if you can find a glue sniffer to have a conversation with.
By Conservative Yankee, May 4 at 8:27 am # OopsEither you didn’t read my post (as you obviously have not read Truthdig’s comment policy) or you didn’t understand it. either way you missed the point. I’m not “blaming” anyone” especially the oil companies. My car runs on propane, or methane. When there is a source of hydrogen, it can be adjusted to run on that fuel. I have attempted to respond to you in a civil rational manner. Maybe you’ll get this message.
By DennisD, May 1 at 10:55 am # Greed knows no embarassmentThe last CEO to “retire” from Exxon/Mobil walked away with $400 million. I guess we couldn’t expect any future CEO to retire on that in our inflationary economy. I know our corporate Congress will make it all better for EM so that their investors don’t have to be disappointed again. Keep electing the Congressional whores that subsidize Wall St., Agra-business, Big Pharma and Big Oil whose profit expectations know no limits as they bleed our country out of existence. Vote all incumbents OUT.
By Conservative Yankee, May 3 at 5:23 am # Re: Greed knows no embarassmentIf any executive was ever worth a bonus of 400 million, Lee R. Raymond was him. He was the idea man behind putting the two biggest pieces of Standard Oil back together, he streamlined the company. He Negotiated the Sable Island natural gas deal, and pushed Exxon to profitability levels not seen since John D. Rockefeller ran the company. He also presided over the largest employee increase in the Company’s history. Now, if your advocating for a socialist economic system, I can go along with that.. Despite the rumors some of the worlds richest people have emerged from socialist societies. The difference in socialism, the wealthy must bring their fellow citizens up with them… sounds good to me, BUT we currently live under (and I do mean under) a capitalist system.. at present EXXONMobil does capitalism better than any other entity.. By the way, In my lifetime a gallon of Milk has risen faster and higher than a gallon of gas and noboby uses the phrase “big dairy” Last week I paid $20 for a bag of flour which cost $11 only a month ago. Never heard “big miller” either. My favorite is the price of Comic books, 10 cents when I was a boy, now close to $4 bet childhood isn’t as much fun either! Add Your Comment |
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