Jarlaxle
New England
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Joined: 11/18/2006
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Good! The more profit, the better!
(I have their stock in my 401k.)
John and Elizabeth (Liz), with 3 nutty cats
My beloved St. Bernard, Marm, lost him 1/2/12
Current rig:
1992 International Genesis school bus conversion
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larry_kruzan
Pekin, IL
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Joined: 05/03/2008
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Jarlaxle wrote:Geez...Royal Purple is only $21 at Advance!
Glad I don't need any of that special stuff...regular 75W-140 gear oil, Dexron-Mercon ATF, and regular oil from Wal-mart are just fine.
Ebay 7qts for $114 w/free shipping For the 75w90 syth ram specs. API GL-5
Larry and Debbie Kruzan
We never turn a corner without wondering in amazement at God's creation!
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larry_kruzan
Pekin, IL
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BenK wrote:The oil companies will have lots of explaining to do this spring and summer
Current president has authorized more domestic drilling leases and the percentage
of our crude from over seas is at it's lowest in a long time
No more will their whims affect us 'as much'
Carful there Ben - he authorized, he did not ISSUE. Hugh difference in the world that one lives in.
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larry_kruzan
Pekin, IL
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longrider1100 wrote:GM dexos is a syn blend and not all that special...BUT...your warranty could be voided if you don't use it or an equivalent. You can price shop for an equivalent. GM says it's being used to help new engines run cooler and to extend oil change intervals.
Saw in Wednesday's paper that Exxon-Mobil's 4th quarter profit was (are you sitting down) $9.4 billion (yes with a "b"). Yes this is net profit after expenses for only 3 months. Three months equals 90 days which means they profit $104 million a day!
Yep, that was 9.4 billon profit on 72 billion barrels of oil. Why those scoundrals almost profited $1 per barrel of oil. Thats outragious!
Put things in perspective. If they could not earn that one dollar, where would the government get the 35cents of that one dollar it is going to take from Exxon? From you and me maybe? You had better be glad there are some companies making a "profit". Just because the gov. can go brrow 5 trillion dollars over the past 3 years, does not mean it'll be able to forever - then who WILL pay it off?
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Charlie D.
Golden Triangle-E. Texas
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Joined: 09/12/2006
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Take comfort in the fact that 1/4 of the oil from North Dakota is being shipped by rail. Much slower than a pipe line and $.50/barrel more costly. 3/4 of the oil shipped by rail is by Burlington Northern.
Enjoying Your Freedom?
Thank A Veteran
Native Texan
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longrider1100
OH-IO
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Joined: 03/13/2004
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Charlie D. wrote:Take comfort in the fact that 1/4 of the oil from North Dakota is being shipped by rail. Much slower than a pipe line and $.50/barrel more costly. 3/4 of the oil shipped by rail is by Burlington Northern.
Isn't the BN railroad owned by Berkshire Hathaway?
Time to Camp....or "Get on your bad motor scooter and ride"
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Charlie D.
Golden Triangle-E. Texas
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longrider1100 wrote:Charlie D. wrote:Take comfort in the fact that 1/4 of the oil from North Dakota is being shipped by rail. Much slower than a pipe line and $.50/barrel more costly. 3/4 of the oil shipped by rail is by Burlington Northern.
Isn't the BN railroad owned by Berkshire Hathaway?
Yep. Perhaps they will write a big check to help with the deficit.
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larry_kruzan
Pekin, IL
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Jarlaxle wrote:Good! The more profit, the better!
(I have their stock in my 401k.)
Yep, all of our 401 dollars are invested with companies who (hopefully) make profits, Profits that they divide and distribute to our 401k accounts. Trickle down DOES work. Dang! Could it be that the "evil rich" are really working for our good?
Now if we double taxes on these companies oened by evil rich people (per the "state of the union" message) then they will have less dollars to put in OUR 401k accounts. So tell me how does doubling their taxes help us? Oh ya, the gov will then have more money to give to countries who want to destroy "the great Satan - America". Which causes the price of oil to go up, which weakens our businesses ability to make profits. Which causes our 401ks to drop.
Why oh why is it that some people think that if a businessman makes a lot of money and is successful in business that somehow he is evil. That he is hording all his dollars in an effort to beat down regular people. What an absurd piece of crap. They Invest their money, just like we do in our 401s. The money they invest buys machinery for business's and those machines need people to run them. So then the companies hire workers to run the machines. If you take money from them in the form of taxes, they can't invest as much. If there is less money to invest, fewer machines/buildings/tools/etc. can be bought and fewer workers are needed.
The result - Recession. Tighten the screws enough and you end up with a depression. Don't wonder about it, we stand on the edge of a very sharp knife. Just a little pressure from one side or another and off we go. Doubling taxes WILL push things over the edge. The wrong way.
What do you suppose would happen if the "rich" withdrew their money from investments and put them into saving accounts. I think the little savings account I have is making 1% or so. Most investors get a return of 5% or so I've been told. If they pay taxes on 1% instead of 5% the government will have less money to waste still. Or just said “forget it” and withdrew their money and stuffed it under the bed. Make no money, and pay no taxes.
What would you do, declare that they are enemies of the state and just take their money from them? If you think that could never happen, we have laws after all. I would just say is, Its been done before. Demands that they “pay their fair share” are just calls to take money from those who make money. The money they would otherwise invest.
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