Our Big Oil Companies now making a fortune …on us
 

FACTS
1.Our big oil companies have about 9,000 oil leases open and available to use - to pull more oil on US grounds….that they are NOT using.
2. Our big oil companies STOCKS are WAY UP now under Biden vs Trump and the big shareholders are LOVING IT.
3. Our big oil companies spent over $60,000,000 ….that’s 60 million dollars lobbying for Republicans in Washington while a tiny fraction towards Democratic plans.

Some say …..Big Oil runs our nation. Well, big oil stocks such as EXXON-MOBIL have doubled in the last year, while they make HUGE PROFITS with oil above $100 per barrel.
At our cost…..as we buy their gasoline.

Something to think about….

So……the Big Oil Companies therefore “ can’t lose “

The average joe blames Biden.
Big oil wins.

The price of oil stays high.
Big oil wins.

Republicans win back political positions.
Big oil wins.

Drill baby drill ? Well……not so fast and not too much .
Because big oil likes higher prices .

But Big Oil LOVES to hear others all get the blame.
And big oil wins .

This is all Bidens doing, everything.and Biden is in big oils pocket .

You tell em’ Steppie ! Hahah
Big oil wins no matter what !

Well, that's one of those misleading "facts" that the Dems are so fond of posting.
FACT yes, there are slightly over 6000 oil leases on Federal land that are not being drilled of pumped.
FACT a lot of those holes are dry.
FACT The cost is astronomical to drill, even if you get a permit to do so.
FACT A lease is NOT a permit. If you are lucky enough to actually strike oil getting a permit to actually pump the oil is quite another matter. There are years of environmental, federal and local barriers. Then you also have the costs of permits to install pipelines (different from pumping the oil///more environmental studies, etc.).

I could go on but you get the idea. They (Biden and the Dems) are not lying when they say that there are 6000 leases open, they just don't tell the rest of the story.

They are also trying to say that the high gas prices are Putins fault when anyone with half a brain knows that they started rising the first week that Biden took office. Yes, the Ukraine invasion has pushed oil prices up almost a quarter more than what they were, but that's still $.75 cents of every dollar of increase is squarely on Biden's back... NOT Putins.

.

Big Oil Corporations LOVE high prices and are making HUGE profits of us now.

It’s been said that Big Oil runs America…….easy to understand why .

Actually, it's not so much Big Oil that's making the profits so much as it is the speculators on Wall Street. Not many people know it but the oil that's in a tanker may change ownership several times before it reaches our ports. That's because speculators might buy it at (this is just an example) $100 a barrel for 50,000 barrels and then sell it to someone else for $101 a barrel. They just made a cool profit of $50,000. Now the person that bought it for 101 sells it for 102. They also make a 50,000 profit. All of this is happening while the ship is at sea. By the time it reaches port it's cargo may have transferred hands several times, each time adding to the price. So yes, Big oil is making a profit for sure, but they are not the only ones and it's doubtful they are making the lions share. Wall St. speculators are.

.

Well destroyer you’re WRONG AGAIN .
Our biggest US Oil Companies ARE making a fortune ON US and they LOVE high prices !
Exxon-Mobil alone just reported record profits off us ….$6-8 billion last quarter and will make MUCH MORE this quarter !!!

https://www.reuters.com/business/ene...es-2022-02-01/

How much profit should oil companies make?

Gee wiz that’s a goofy reply .

FACT and POINT of this thread ….Big Oil runs America and Big Oil loves these high prices because they’re making BILLIONS more on us !!!

Obviously you don't play the market Greene. and I'm not going to even try to school you about what a fiduciary is, or stock buy backs, or the costs of exploration and drilling. Yep, oil companies, (not just ExxonMobil) are making profits. So?

Aren't you the person that was telling all of us that the rising gas prices were no big deal? Yet now, all of a sudden, you're crying about companies making profits. Well, cry baby, cry...

.

Point is youre WRONG again destroyer - the traders are not making any where near what the oil companies themselves are making by virtue of high oil prices .
Exploration isnt the point I made - the wells not being used were discovered long ago
Stock buy backs arent the issue - big oil is still making a fortune on high oil prices
Fiduciary has nothing to do with it - in fact big oil is mostly in bed with the Republican Party.

The SIMPLE and CORRECT point I make on this thread is our AMERICAN BIG OIL COMPANIES are making HUGE FORTUNES on us Americans with these high oil prices AND guess what else BIG OIL supports Republicans over Dems.
Thats the hypocrisy !!!!

I love how you can just sweep aside what others post without having any real knowledge of what you are talking about. It must be very comforting to lie in bad at night in your ignorant bliss. I'm not even going to try to debate you or show you where you are wrong on this topic, so go ahead and believe what you want.

Whatever you say :you:

.

Good then don’t debate the facts I made on this topic.

You mostly just throw non stop insults and THIS - YOUR VULGARITY AND CURSING

Originally Posted by Destroyer View Post
Well, just like you Greene, I only post FACTS. So if the shoe fits.....
(oh, and please get it correct. I said you were an "Anus USED for sex". In other words a complete "Fu*king A$$hole").


Very nice Destroyer …..a real contribution to humanity

When you can't answer the question perhaps you could just admit it.

Again, how much profit should oil companies make?

If you don't know that's okay.

And once again you attempt to shift away from the topic when you don't (as usual) really know what you're talking about.

Whatever you say Greene :you:

.

Here it is - you’re a LIAR destroyer as you claimed you haven’t posted vulgarity or curses . Well this is what you posted proving you’re a LIAR

Well, just like you Greene, I only post FACTS. So if the shoe fits.....
(oh, and please get it correct. I said you were an "Anus USED for sex". In other words a complete "Fu*king A$$hole").

Some years they do. Some years they don't.

How much profit should they make?

Just look back to day one this antiamerican president took office, oil starting going up , shutting down the keystone pipe line and this is why, not because of Russia,not because of the oil company's ,because of the lefts green new deal
In his debate he said , I'm going to shut down the oil company's , and he is doing just that.
Follow the money,see who invested in EVs , polosi Bidens AOC all of the left. Follow the money. His answer to high gas is, buy electric cars This gas issue is 110 percent his doing but you Biden people are so brain washed that you won't admit it. Watch what happens when Trump gets re elected gas will come down quick and the world leaders will fall back in line . Really Greene are you that dumb? But not only you all the people that don't like president Donald Trump . I was hoping Biden would be good but he is the worst even worst than carter . Follow the money see who invested in electric cars that's your answer.

No I don’t believe I’m dumb - maybe you are dumb for believing the lying cheating con man traitor trump who continues his LIE that he didn’t lose the election.

How much profit should oil companies make?

Point is ….our AMERICAN big oil companies are just LOVING high oil prices because they’re making a fortune off us !!!!

And point is …..our AMERICA big oil companies support Republicans …..so this is a can’t loose for them / they get rich on us and most blame goes elsewhere !!!

Ever notice how gas prices shoot up fast…..but slow to reduce ?
Big Oil loves high prices !!!

So the AMERICAN big oil families and stock holders are running getting richer and richer able to say “ isn’t this great - we’re making a fortune while many blame Dems “

Hhahaha the jokes on us all the way to the bank !!

Remember when sleepy was running for president and said he would stop all fossil fuels?

He actually said investing in new energy would create new jobs .

Big oils making big money on you Osteps - and they’re republicans .
How’s that for hypocrisy and the jokes on you .

February , 2022

Yes indeed EXXON getting rich on charging us at the pump - and EXXON supports Republicans :

“….Oil and gas production, Exxon's largest business, posted a $6.1 billion operating profit, the highest in two years. Earnings benefited from an 80% increase in oil prices and doubling of natural gas prices compared to 2020.”

How much money did Exxon lose in 2020?

During the pandemic and related economic slow down Exxon lost money.
What’s your point ?

My point is obvious - the hypocrisy of big oil and republicans LOVING high oil prices

It makes sense that fossil fuel organizations would favor Republicans, since democrats have pronounced their goal of putting them all out of business.

Regarding hypocrisy, oil company executives have a legal, fiduciary responsibility to their shareholders (many of them pension funds that regular people depend on for their incomes) to produce profits. I find it annoying that prices at the pump always seem to come down more slowly than they should, but as Pipe pointed out, they lost a bunch of money very recently. Not seeing the hypocrisy here.

On the other hand, look no farther than Biden. Swearing to shut down fossil fuels, starting his first day in office - no more drilling on federal land, etc. and now threatening to fine companies for not extracting the maximum, drilling on their leases, etc.

Republicans loving high oil prices? They must have said that on CNN - no one with a scintilla of critical thinking could honestly make that claim.

Big oil supports republicans - big oil is now making a fortune on high oil prices.
FACTS

Yeah - I think their profit was around 4%-4.5%. When business volume is huge, a moderate profit is huge in absolute, but not necessarily relative terms. Are you making a fortune on an investment that returns that rate, particularly when inflation is far above that?

Yes - Republicans have an actual understanding of what works to have a strong enough economy to be able to afford to pursue other goals. Democrats are so ideologically driven that they are blind to the massive destruction they are doing to the economy, promoting lawlessness and building a debt so huge that repayment will either be impossible or require printing massive amounts of money, in either case probably costing us our leadership position in the world, and the dollar as the trusted world currency.

Debt ?
Under Trumps policies of tax cuts for corporations our debt surged .
FACT.
Trump loves debt - personally and for our country .

BAAAHHH BAAHHH BAAHHH says the Sheep

Yes indeed.

You have a big issue with companies making record profits, but no issue at all when companies have record losses. Companies exist to make money, right? And to make a profit for shareholders. You do understand this? How are they behaving hypocritically?

You do know that oil companies are increasingly donating to Democrats, or did Clown News Network not tell you that?

Hahahahaah Big Oil gives mostly to Republicans- FACT .
Big Oil loves high oil prices - FACT

And they laugh all the way to the bank as Biden gets blamed.
Hahahah the hypocrisy but it’s true - all true

“In a trivial sense, it’s true that businesses set prices to maximize their profits. They also choose wages and the level of employment to maximize profits,” said Jason Furman, President Barack Obama’s top economic adviser, who called complaints about corporate greed “just political ranting.”

from "Amid inflation, rising prices fuel charges of corporate greed" by David J. Lynch, Washington Post

"Just political ranting" describes our beloved bgreene to a T.

Yeh yeh …..but the TRUTH, FACT and HYPOCRISY is :

1. Big oil votes Republican
2. Big oil LOVES high oil prices
3. Big oil is laughing all the way to the bank as Dems take the blame .

It’s quite a joke - on us.
You either can’t figure this out or you’re the “ blissful ignorant “ that trump loves .

Trump spouts all kinds of false claims at his rallies - and you starry eyed followers lap it up like like thirsty dogs.
Trump says “ I heard K Brown was very rude , very rude “ and his mob responds with boooos to Brown.
Meanwhile the TRUTH IS Brown has handled herself with total poise, courtesy, respect and dignity in the hearings.

:you:

We should call this our stream of consciousness sub-forum.

While severely lacking in any kind of rational consciousness on bgreen’s part.