Our Big Oil Companies now making a fortune …on us

[bgreene]

Originally Posted by Destroyer

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.

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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/

[Pipe_Dream]

How much profit should oil companies make?

[bgreene]

Originally Posted by Pipe_Dream

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 !!!

[Destroyer]

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...

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[bgreene]

Originally Posted by Destroyer

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...

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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 !!!!

[Destroyer]

Originally Posted by bgreene

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

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[bgreene]

Originally Posted by Destroyer

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

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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

[Pipe_Dream]

Originally Posted by bgreene

Gee wiz that’s a goofy reply .

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.