http://money.cnn.com/2008/07/31/news...ex.htm?cnn=yes

No... no, no, no, the oil companies aren't seeing any of this $ from the increasing gas prices. No way. Not at all...

Honestly... per SECOND!

 

More Americans are now driving more than ever before. Why wouldn't they be getting more profit?

 

B/c it's hard to watch gas prices continue to climb (though now they are receding a little) and they say that there's nothing they can do about it. I don't expect them to lose money by any means... but come on... There's a point where it just gets ridiculous.

 

maybe we can send them some money to help them out

 

I wish I could just walk into a bank and ask for a loan of about $130,000, on the stipulation that I would just take the money straight to a broker, invest in some oil futures, and sell it two weeks later. I'd easily make enough money to cover two weeks of interest on a loan, as well as pretty much anything I could ever want to buy.

 

Everyone - invest in Exxon, Shell, Mobil, etc!!!!

Remember kids, saving the planet might make you feel better about your children's futures but polluting it makes you richer!

 

If you guys are really so concerned with oil prices and the environment, why are you driving Scions when you could be driving a hybrid? Even the Ford Escape Hybrid gets better gas mileage than the xB does. If you really care about gas prices and the environment, buy a scooter or ride your bicycle to work if you live close enough. Stop driving all the time and car pool when you can. I don't usually complain about gas prices because I know as a consumer I can do my own small part to help bring gas prices down, but I choose not to.

 

Because I don't drive mostly in the city and 90% of the hybrids out today aren't worth buying for highway driving.

 

42 mpg highway, lower pollution, and having a car that is almost entirely recycleable isn't worth having for someone that cares about the environment and gas prices?

 

And what kind of resources does it take to build that hybrid?

This is probably trite article at this point... but here it is anyway:
http://clubs.ccsu.edu/recorder/edito...asp?NewsID=188

Hybrids are not the answer to every problem.

 

The xb was rated much greener than the prius FYI

 

Funny you say that. I own Chevron stock, and just the other day, it dropped almost $4.50. It dropped again today another $2.70. Currently sits at $84.56. It was in the high 90's last week.

 

Ya, it's also ironic that even with the record profits from Exxon, they still didn't meet Wall St expectations and the stock dipped.

 

That's incorrect. I looked it up because I didn't buy that. The Prius emits 4.0 tons of co2 per year compared to the xB2's 7.7. The Prius's greenhouse gas rating is an 8 out of 10 (higher being better) compared to the xB2's 6 out of 10. The original xB scored even worse with 6.6 tons of co2 each year and a 2 out of 10 for greenhouse gas emissions.

http://www.fueleconomy.gov/feg/findacar.htm

 

I think the "green" rating also considers production... not just emissions.

 

Also- Exxon pays approximately $27 BILLION dollars a year (average of last 3 years) in corporate income taxes.

Which-

1) Is equal to THE BOTTOM HALF OF ALL TAXPAYERS COMBINED.

2) Is completely overshadowed by the government charging an average of 18.7 cents per gallon tax, which is about three times the profit margin of the company.

http://taxprof.typepad.com/photos/uncategorized/gas.jpg

3) They have not increased their profit margin per gallon, since the 60's. However, we use much more oil, china/india use WAY more oil, and the G-D HIPPES do not allow us to increase supply via drilling.

Sure, drilling now will take a few years to get maximum benefit... yet... if Bill Clinton didn't ban drilling, we'd have plenty of it now! Continuing not to drill only ensures that our prices will increase.

So in summary-
1) The government has no interest in lowering gas consumption. They make approx. $60 billion per year on SALES TAX alone, not to mention, an average of $27 Billion in corporate income taxes alone, and throw in huge numbers from every other gasoline company.

2) Hippies file injunction after injunction to disrupt our local supply searches and increases. All the while, China and India execute hippies, and don't give a rat's ___ about the environment. Not only are they drilling, they're drilling in a much more DIRTY way than we are, since we hold ourselves to self-imposed restrictions.

The government will not ever step in. B.O's plan of windfall profits tax will only serve to pump up government revenues, and at the same time, that tax will simply get passed on to us. Our gas will instantly go up 3 cents a gallon, about a 75% increase in corporate profit, just for them to cover their losses.

McCain's idea of gas tax holiday ... though isnt really a fix, nor an answer, by any means... will at least drop the price of gas a minimum of 18.7 cents overnight. That's a guaranteed reduction.

 

Finally someone who knows what they're talking about! Thank you for stating that the government actually is making MORE than the oil companies senseitturtle. No one, it seems, understands that the government is making a lot more money and the media doesn't say a damned thing about it.

So thanks for posting that.

 

Well this is $11b in one quarter from one company. So even that would be an estimated $44b in one year from one company... so it's not really surprising that the government makes more when there are many major oil companies out there giving them a share.

 

The oil companies aren't giving them a share, the government is taking it from them. Where exactly does all this money from the oil go? No f'ing clue.

 

Well if you don't know, then there is clearly something corrupt afoot.

http://www.boston.com/news/nation/ar...nd_runs_short/