Does this bother anybody else?
- Thread starter jenbengen
- Start date
Lenny
Lovin' being Texican
Yes, yes it does. My investment portfolio doesn't have any Exxon stock. That's the last time I listen to the BHLs and environmentalists.
jenbengen
Watch it
Come to think of it, neither does mine.
wmburdette
9/11 - Never Forget!
...and since, on average, the government takes in approximately twice as much an taxes as the oil companies make in profits, I think there should be a 'windfall' profits tax on the government and they should be required to pay out that excess tax profit to everyone that buys gasoline.
btw, profits are good. Keeps the paychecks flowing to the employees, keeps the shareholders wanting to hold the stock, and provides additional funds for exploration.
btw, profits are good. Keeps the paychecks flowing to the employees, keeps the shareholders wanting to hold the stock, and provides additional funds for exploration.
Lugnut
I'm Rick James #####!
MMDad
Lem Putt
You don't own any stock funds?
I would bet that at least 75% of the people on the forums own oil company stock, but many are not aware. If you have a 401k, TSP, or pension plan, you probably own oil stock.
When we see high oil company profits, that translates into profits for the shareholders, which means people like me.
Lenny
Lovin' being Texican
Go G-Men
New Member
If your point was there profits are amazingly high and yet gas prices are going up.... Than yes it bothers me... You would think that the US Government could regulate the gas companies so that maybe they could only make $20 billion in profits and cut gas prices say .05 cents per gallon.
Based on my usage that would save me about $1872.00 per year. That would be much better than the government sending everybody $600.00 or $1200.00 in a tax rebate.
AK-74me
"Typical White Person"
Right, just what we need more government regulations.
Also what is forgotten on how much investment for infrastructure that is going to be needed to ensure an adequate fuel supply through 2030.
I think it is 23 TRILLION dollars.
If anyone is thinking they make too much, do the math and then consider if you still feel Exxon is making too much money.
The Libs are upset because Big Oil makes too much while some people "can't afford heating oil"...so let's slap a windfall profits tax on them and prevent the necessary reinvestment so we all run out even sooner!
Oh yeah, but the Dims will be able to buy more votes with Big Government entitlements spending tax revenue!
Is it just me or is this legalized robbery by a bunch of politicians that know absolutely nothing about the energy industry?!?!
AK-74me
"Typical White Person"
The Tax Foundation - ExxonMobil's Record Profits -- And Record Taxes
Also read this and look at what they pay in taxes.
This is the main reason we are paying so much.
Also read this and look at what they pay in taxes.
This is the main reason we are paying so much.
R
RadioPatrol
Guest
the reason profits are so high is they move a huge volume of product ..... they only profit .05 a gal but sell 400,000,000 gals a day
"How much gasoline does the United States consume in one year?"
EIA - Petroleum Basic Data
Estimated Gasoline Price Breakdown & Margins Details
"How much gasoline does the United States consume in one year?"
EIA - Petroleum Basic Data
Estimated Gasoline Price Breakdown & Margins Details
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Lugnut
I'm Rick James #####!
Any idea how much tax is on a $3 gallon of gas?
R
RadioPatrol
Guest
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R
RadioPatrol
Guest
AndyMarquisLIVE
New Member
I'm thinking about investing stock in oil and gold.You don't own any stock funds?
I would bet that at least 75% of the people on the forums own oil company stock, but many are not aware. If you have a 401k, TSP, or pension plan, you probably own oil stock.
When we see high oil company profits, that translates into profits for the shareholders, which means people like me.
R
