topflite51
In The Desert of Nevada
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AO_hitech wrote:Exxon Mobile reports record profits for the last three months, again. ...and the guru's in the Market are disappointed... ![[emoticon]](http://www.coastresorts.com/sharedcontent/cfb/images/biggrin.gif "biggrin")
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AO_hitech
SF Bay Area
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Joined: 08/09/2004
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mrjimboalaska wrote:something wrong with making profits?...are you complaining about Microsoft?
They are making record profits on lower sales. The US economy is going downhill BECAUSE of those record profits. But hey, hey have a right to make a profit. ![[emoticon]](http://www.coastresorts.com/sharedcontent/cfb/images/rolleyes.gif "rolleyes")
And yeah, I complain about Microsofts business practices all the time.
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Strawfoot
Flagstaff, AZ, USA
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AO_hitech wrote: The US economy is going downhill BECAUSE of those record profits.
Explain how you come to that conclusion.
It seems normal for people to be upset at the cost of fuel. It seems normal for people to look to blame someone. If you read through this thread you'll find people blaming congress, oil companies, OPEC, liberals, environmentalists, investors/speculators, and perhaps President Bush. But almost nobody makes a case. They have conspiracy theories and make many wild unsupported claims. You just don't see people putting forth facts to back up their claims. So I guess what I'm asking is, can you make a factual case explaining why a company that pays more in taxes than most any other company on the planet, is causing the U.S. economy to go downhill?
Let's say you build houses and sell those houses for $200k. A group of investors/speculators sees that there is a shortage of land to develop in your area and starts buying up all available lots, for an astounding $400k per lot. Panic ensues as people are still needing new homes. They are offering $700k for new homes. Do we blame you, the home builder who is now selling his $200k homes for $700k? Or do we blame the speculators who caused the run-up in prices?
Oil companies don't buy and sell oil futures. People wearing suits in New York City do, and they know exactly what the potential for profit is. They know what future demand is going to be. They know how badly Americans want to drive their gas guzzlers. They are really no different than you. If you decide to sell your Bay Area home, and lets guess it's a 3 bedroom, two bath, with 1400 square feet of space. Even if you bought it for only $175k twenty years ago, you're going to hire someone to sell it for $1.2 million dollars because that is exactly what the market will get you in the Bay Area. So maybe you can add greedy home owners as one of the reasons the U.S. economy is going downhill. Or maybe all of us RVer's out on the roads getting 12 mpg hauling recreational vehicles up and down the highways. That can't be good for the economy. But I suppose it's a lot easier to just blame the oil companies. The people who make it possible for us to own our gas hog rv's in the first place. Think about it for a minute before you go and point the blame at Exxon.
Strawfoot
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Dick A
Spokane
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Folks, the energy issue is just one part of, and perhaps a catalyst, of a much larger U.S. and somewhat World economic problem.
Many say we cannot continue to use or consume the current levels of energy. However, the real issue is we cannot continue to consume all our resources at the current rate.
The problem is, we have built our entire economy on consumption and two-thirds of our economy is dependant on consumption of goods and services.
Unfortunately, the excesses have started to catch up to reality and it's likely we have yet to see the base line of the problems. It's also likely we will never again see the same level of prosperity for the so-called "middle Class".
Now, factor in the current social and political climate and what you have is a total disaster waiting to happen. Those who have the power and standing to make a difference seem too indulged in their own social cocoons to see and influence the future. Such is why other great societies of the past failed.
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lwmuddy
So.carolina
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Dick A wrote:Folks, the energy issue is just one part of, and perhaps a catalyst, of a much larger U.S. and somewhat World economic problem.
Many say we cannot continue to use or consume the current levels of energy. However, the real issue is we cannot continue to consume all our resources at the current rate.
The problem is, we have built our entire economy on consumption and two-thirds of our economy is dependant on consumption of goods and services.
Unfortunately, the excesses have started to catch up to reality and it's likely we have yet to see the base line of the problems. It's also likely we will never again see the same level of prosperity for the so-called "middle Class".
Now, factor in the current social and political climate and what you have is a total disaster waiting to happen. Those who have the power and standing to make a difference seem too indulged in their own social cocoons to see and influence the future. Such is why other great societies of the past failed.
And I don't want to hear anyone ever say that it can never happen to us here in America. The other great societies and nations in the past said the exact same thing, and where are they today.
Oil is our life's blood right now and some people/groups are trying to give us a "one-way transfusion".
I ain't donating.
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2SAM
Florida
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Joined: 10/24/2003
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If you made 12 Billion$$$$$ in 3 months, would you try to get fuel prices down? well ask Exon/Mobile if they're going to.............NOT!!!!!!!!!!
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topflite51
In The Desert of Nevada
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2SAM wrote:If you made 12 Billion$$$$$ in 3 months, would you try to get fuel prices down? well ask Exon/Mobile if they're going to.............NOT!!!!!!!!!! Why should they? They are in business to make a PROFIT. If you want altruism, best to seek out a socialist society, but in looking around, those societies have a tad more problems then we do. It is funny how so many people are so willing to blame others for their excesses.
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AO_hitech
SF Bay Area
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Strawfoot wrote:Explain how you come to that conclusion.
The high cost of fuel is driving the price of everything up. I know it's making a big difference in my life. It's not that hard to figure out.
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2SAM
Florida
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Joined: 10/24/2003
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topflite51 wrote:2SAM wrote:If you made 12 Billion$$$$$ in 3 months, would you try to get fuel prices down? well ask Exon/Mobile if they're going to.............NOT!!!!!!!!!! Why should they? They are in business to make a PROFIT. If you want altruism, best to seek out a socialist society, but in looking around, those societies have a tad more problems then we do. It is funny how so many people are so willing to blame others for their excesses.
Are they american's, do they have a conscience, do they care that they are taking our country down!!! and believe me folks we're going down, because this problem is doing nothing but snowballing, maybe it's time we feel what it's like to be a 3rd. world country cause we're sure on our way! prices of everything higher and more ppl. out of jobs, now ain't this a fine fix we're all in? and who put us there?
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mrjimboalaska
Abilene, Tx. at the moment
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THe Messiah has found the cure to our energy problem...
"and I saith, go forth, and inflate your tires to proper pressure, and you shall want no more for oil......"
oh boy, we're in BIG TROUBLE FOLKS......
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