Exxon’s Pissing Me Off
Posted by Moonage on 30 Jan 2006 | Tagged as: Oil Supply
From AP:
Exxon Mobil Corp. posted record profits for any U.S. company on Monday $10.71 billion for the fourth quarter and $36.13 billion for the year as the world€™s biggest publicly traded oil company benefited from high oil and gas prices and demand for refined products. The results exceeded Wall Street expectations.
The company€™s earnings amounted to $1.71 per share for the October-December quarter, up 27 percent from $8.42 billion, or $1.30 per share, in the year ago quarter. The result topped the then-record quarterly profit of $9.92 billion Exxon posted in the third quarter of 2005.
Exxon€™s profit for the year was also the largest annual reported net income in U.S. history, according to Howard Silverblatt, a stock market analyst for Standard & Poor€™s. He said the previous high was Exxon€™s $25.3 billion profit in 2004.
I’d like to know why the price of gas continues to soar while Exxon’s reaping in BILLIONS. Everyone’s quick to blame the Saudis, but I see an obvious problem right there in the headline and the Saudis don’t own Exxon. I haven’t bought Exxon gas or products since I bitched about this very same thing almost to the day last year. Instead of whining about Alito, Kennedy et al could do the public a very real service and bitch about Exxon. Someone needs to hold Exxon’s feet to the fire. And, I know it’s not going be Bush. Maybe Cindy Sheehan will? ( Nah, she won’t have an issue once Bush is gone. ) I don’t know. But this is becoming surreal. On the day Exxon announced their record breaking profits, the price of gas here went up another 10 cents. Coincedence? I think it’s confidence.
I think the days of free-market oil need to be looked at a lot closer. It’s too critical of a need for it to be unregulated at this time. And, it’s obvious the market can’t do it for them.
- Technorati Exxon
8 Comments »
on 31 Jan 2006 at 10:29 pm 1.spaceman said …
Don’t fret Moon, the President just said in his SOTU that we would reduce our dependence on ME oil by 75 percent by developing alternate fuels… and just around the corner… 2025!… whoo-hooo!
on 01 Feb 2006 at 8:47 am 2.Moonage
said …
Being as the gas I buy is all “local”, and costs EXACTLY the same as ME oil, that’s not much of an answer for me. I want nuclear, I want it now, I want a nuclear powered car that does 0 to 100 in 10 seconds and never needs refueling. That’ll show Exxon.
on 31 Mar 2006 at 9:42 pm 3.Rev james said …
Do you know at least three people that drives a car? Yes!
Would you think they would like to save on there gas mileages? sure
who wouldn’t They would need to check up, from the neck up !!
we are tapping into the big oil company’s profit!!! at http://www.bioleaders.mybpbiz.com
Rev. James H.,
$1,037,303.00 (THAT’S A MILLION!!!!) in commissions and 2,807 commission checks will be mailed this Friday, March 31 for the pay period of March 13 - 19.
141 people earned OVER $1,000.00 during this pay period!!!!
Here’s the breakdown:
The number of people who earned $1,000 - $1,999 = EXACTLY 100 people
The number of people who earned $2,000 - $2,999 = 12 people
The number of people who earned $3,000 - $3,999 = 9 people
The number of people who earned $4,000 - $4,999 = 3 people
The number of people who earned $5,000 - $5,999 = 3 people
The number of people who earned $6,000 - $6,999 = 2 people
The number of people who earned $7,000 - $7,999 = 1 person
The number of people who earned $8,000 - $8,999 = 2 people
The number of people who earned $9,000 - $9,999 = 3 people
The number of people who earned $11,000 - $11,999 = 1 person
The number of people who earned $14,000 - $14,999 = 3 people
The number of people who earned $19,000 - $19,999 = 2 people
BioPerformance does not guarantee incomes whatsoever. This is just a way to strictly congratulate the Top 10 Earners!!! $8,731.00 was the lowest amount earned in the Top 10! Let’s congratulate the Top 10 Earners for the pay period of March 13 - 19:
on 23 Apr 2006 at 7:49 pm 4.Moonage Political Webdream
said …
Sounds like Communism……
Now, I have been pissing a fit over oil companies making BILLIONS in profit while the average family is getting raped at the pump and nothing is being done about it. However, what I’ve not advocated is anything like this:SEN.
on 25 Apr 2006 at 10:40 am 5.Moonage Political Webdream
said …
Bush’s investigation into gas price gouging?
President Bush, under pressure to do something about gasoline prices that are expected to stay high through the summer, ordered an investigation into possible cheating in the markets. The government also asked states on Tuesday to guard against unfair
on 04 Jan 2007 at 9:52 am 6.Moonage Spacedream said …
Union of Concerned Scientists Smoke, Mirrors, and Hot Air?
The Union of Concerned Scientists has released a report that says something like this:In an effort to deceive the public about the reality of global warming, ExxonMobil has underwritten the most sophisticated and most successful disinformation campaign…
on 26 Apr 2007 at 2:57 pm 7.Moonage Political Webdream » Sounds like Communism…… said …
[...] I have been pissing a fit over oil companies making BILLIONS in profit while the average family is g…. However, what I’ve not advocated is anything like this: SEN. KENNEDY: The president, the [...]
on 04 May 2007 at 11:40 pm 8.Moonage SpaceDream said …
Union of Concerned Scientists Smoke, Mirrors, and Hot Air?…
The Union of Concerned Scientists has released a report that says something like this:
In an effort to deceive the public about the reality of global warming, ExxonMobil has underwritten the most sophisticated and most successful disinformation camp…