Am I the only one who is upset about big oil profits...Is it fair?... Ur thoughts and comments welcomed!

Question

More record profits for the oil companies. Shocking! While everyday people can't even afford the gas it takes to get to their jobs, Big Oil continues to celebrate high prices at the pump, with record profits.

From The New York Times - Rising Oil Prices Swell Profits at Exxon and Shell...

Exxon Mobil, the world's largest publicly traded oil company, reported on Thursday that second-quarter income rose 14 percent, to $11.68 billion, the highest-ever for an American company.

Net income of $2.22 a share compared with $10.26 billion, or $1.83 a share, in the quarter a year ago.

Revenue rose 40 percent, to $138.1 billion, from $98.4 billion in the quarter a year ago.

Excluding an after-tax charge of $290 million tied to an Exxon Valdez court settlement, earnings were $11.97 billion, or $2.27 a share

Answer 1

I am so upset about that. And glad to hear I'm not the only one. The thing that pisses me off is that foreign countries (Dubai, etc) are making tons of money from the US. That is why our economy is failing. Our moneys are being exported into foreign countries. They profit from all the exports and we just buy, buy, buy. I wonder if there's any way at all to hit them where it hurts. I mean we could all stop using oil but no ones going to give up all the luxuries that require the burning and consumption of oil. If only there were a way... Other than that, I think they should stop taxing the American citizens and start taxing the big oil companies that pretty much run our economy. Who agrees?!!

Answer 2

bad just bad isn't it. not good either over here in Ireland to tell you the truth. I can tell you a garage I see near me puts up their prices at the weekend and have done so again for the bank holiday. be back down again after the football matches mind you and tuesday they will be hight but not the price they are right now. . would you believe they are charging 1.33 cents a litre at this guys. That would be about 11 dollars a gallon.

I think we all need some cheering up after that really.

guy goes fills his tank up to the brim walks to the cashier desk

How much will that be?

100 bucks sir

How much is that snickers bar

sixty cents sir.

Give us 20 Marlboro

You don't want to smoke them sir they will shorten you life?

Like I want to live forever at these prices.

Answer 3

you got lots of company, this is one time the masses got it right.

Answer 4

Now I'm no anarchist, but this is kinda reminiscent of what made the Commies made in 1917. All the rich (Exxon!) lording their wealth over the poor caused the poor to revolt (Bolshevik revolution) causing the complete reconstruction of the social order of Russia, nay, the WORLD, and the construction of a world superpower 30 some years later.

I'm desperately afraid something may happen like this in a short period of time. I don't think Commies will overtake the US or anything, but something bad is gonna happen soon. Ask anyone. An aqquaintance of mine said that something like another civil war may happen, no matter who gets elected to office in november.

If there was another civil war, and the US was collapsed by chaos, then the whole world would feel the reprocussions, because over the past few months I've heard since the US's economy has gone semi-belly-up that the whole world is suffering. So if the US was gone, the whole world would be consumed by another Depression, greater than the first. Out of this second Dark Age a new world order could rise. That's scary, to me. I like my world order fine. Or i did.

But like I said. I'm no anarchist. I'm actually quite patriotic.