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Corbin, am I too pollyannish to think that, during a time such as this --
when gas is so expensive and billions are being sent to Iraq, and people are struggling to pay their bills -- that the gas companies and everyone else all along the supply chain could perhaps make only 9% or 9.5% profit? Imagine the impact if margins were decreased only slightly.
Which, of course, is why I'm not in business.
posted by
JanesOpinion
on April 23, 2006 at 3:05 PM
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Xeno
I can agree with you on this......
Last night they were discussing how consumers can impact this thing.....if we reduce our driving by just 3-5% we can cause gas prices to fall 50 cents.........
The speculative nature the oil market has developed is very much at fault........that and the escalating consumption rates of China and India......are bad news for the American consumer
posted by
Corbin_Dallas
on April 21, 2006 at 6:10 AM
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price gougin is price gouging
I get mad whenever ji hear of it
medical industry for example -- just about a "captive audience" there
pharmaceuticals -- lots of excuses -- research, etc.
the biggest problem in this equation
people take it.
at the gas pumps, they still fill their tanks no matter how high the price.
answer: just get what you need for a couple of days.
better yet, if you can afford it -- buy just a couple dollars worth (about 1/8 mile) or the minimun you think you can buy -- on a credit or ATM card -- the price of processing is pretty steep, I understand -- so the less you buy, the less the profit margin
still -- buy more low and less when the prices are high -- .
and yeah -- banks and credit cards -- obnoxious
but people take it.
posted by
Xeno-x
on April 20, 2006 at 3:00 PM
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Why not invest in these companies that make the high dollar?
We can all use our 401K's and such to get a piece of the action.
posted by
sarooster
on April 20, 2006 at 11:06 AM
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Consumers may have paid inflated prices at the pumps but shareholders...
... got a HUGE payback. Nice. The poor pay more and those with investments are at the top of the profit pile for 2005. Is this what they mean when they say, “the rich get richer and the poor get poorer”?
| Top industries Best Investments By Industry: Total Return to Shareholders* (1 Year) |
|
posted by
blogflogger
on April 20, 2006 at 11:02 AM
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I don’t have to put banks or cigarettes in my gas tank to drive to work.
Credit cards and smoking are both optional driving isn’t. This is the reason the government has a long history of involvement in utilities, fuel, etc. – to protect the consumer who is over a barrel.
Exxon had a 25% increase in revenue but a 43% increase in profits. Exxon did not maintain a nice margin, they had an increase in their profits of 43% over 2004 profits.
You don't think these figures conflict with the BS testimonies the big oil reps made to the Senate sub-committee? Want me to post the transcript?
posted by
blogflogger
on April 20, 2006 at 10:23 AM
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Exxon wasn't the most profitable? So you know more than Fortune 500 does?
Exxon Mobil was the most profitable company by far, but a couple of banks also brought in hefty earnings – totaling more than $40 billion -- last year. (
more)
Click here for about info on Fortune 500 web site.
posted by
blogflogger
on April 20, 2006 at 10:21 AM
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Scoop.....
To me the main problem is the suppliers of the oil, they are the gougers.........and we need plants built for the ethanol production, and relaxation of emotionally driven environmental rules to speedily build additional refining capacity.......
posted by
Corbin_Dallas
on April 20, 2006 at 9:32 AM
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Well one thing that I wrote before in another bloggers comment
section is this, it is not President Bush's fault. We have definitely screwed ourselves over the years. Right now the argument is over the ethanol, which if I am correct, the feds have made as a mandatory mix in the gas we use. Problem is this, there are not enough facilities to produce it. So you have the corn growers saying it is not our fault and users blaming ever one who walks or talks.
posted by
scoop
on April 20, 2006 at 9:24 AM
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