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I don't know quite what to think of this post.Exxon 2019 $14.34B (down over 31% from previous year).
That's $454.72 per second. A few years ago, it was around $1200.
Net.
What the numbers mean is fantastic economic and political power in dubious hands.
They never do "good".What the numbers mean is fantastic economic and political power in dubious hands.
Some years oil companies do very good indeed, but most years they make 6%. It is amazingly expensive to drill holes in the ground. For every 20 of those they drill, they find one that is profitable on average.
www.marketplace.org
Come on man. Letting the oil industry or the airline industry fail is no more an option than letting banks fail was in 2008. I realize that in an ideal world, it doesn't seem fair but the alternative is much worse. This countries problem is mostly with deficit spending. Most of the political assholes who ran up our deficit, both sides, are still in there doing the same thing.Hell no.
If dumb Don bails out the oil companies no doubt many of his supporters will support it, even though they claim to be conservatives.
Yes it’s an option. Have you learned nothing from the Great Recession?Come on man. Letting the oil industry or the airline industry fail is no more an option than letting banks fail was in 2008. I realize that in an ideal world, it doesn't seem fair but the alternative is much worse. This countries problem is mostly with deficit spending. Most of the political assholes who ran up our deficit, both sides, are still in there doing the same thing.Hell no.
If dumb Don bails out the oil companies no doubt many of his supporters will support it, even though they claim to be conservatives.
You actually think bankruptcy is a viable solution.? Bankruptcy was invented by the rich to protect their own money. Who pays for the bankruptcy? The owners and the board are the only ones who benefit from bankruptcy and the shareholders get screwed. The same rich people you bitch about end up being the beneficiaries. Either way the middle class will pay for it, just like everything else.Yes it’s an option. Have you learned nothing from the Great Recession?Come on man. Letting the oil industry or the airline industry fail is no more an option than letting banks fail was in 2008. I realize that in an ideal world, it doesn't seem fair but the alternative is much worse. This countries problem is mostly with deficit spending. Most of the political assholes who ran up our deficit, both sides, are still in there doing the same thing.Hell no.
If dumb Don bails out the oil companies no doubt many of his supporters will support it, even though they claim to be conservatives.
Our nation would be a much better place had Goldman Sacks and rest been forced into bankruptcy.
We have bankruptcy laws. Use them.
Stop believing propaganda from the oligarchs.
Who benefitted from the bailouts?You actually think bankruptcy is a viable solution.? Bankruptcy was invented by the rich to protect their own money. Who pays for the bankruptcy? The owners and the board are the only ones who benefit from bankruptcy and the shareholders get screwed. The same rich people you bitch about end up being the beneficiaries. Either way the middle class will pay for it, just like everything else.Yes it’s an option. Have you learned nothing from the Great Recession?Come on man. Letting the oil industry or the airline industry fail is no more an option than letting banks fail was in 2008. I realize that in an ideal world, it doesn't seem fair but the alternative is much worse. This countries problem is mostly with deficit spending. Most of the political assholes who ran up our deficit, both sides, are still in there doing the same thing.Hell no.
If dumb Don bails out the oil companies no doubt many of his supporters will support it, even though they claim to be conservatives.
Our nation would be a much better place had Goldman Sacks and rest been forced into bankruptcy.
We have bankruptcy laws. Use them.
Stop believing propaganda from the oligarchs.
Nostravia comrade Meister.I like this thread, the communists are starting to come out from under the rocks for all to see.
Who benefitted from the bailouts?You actually think bankruptcy is a viable solution.? Bankruptcy was invented by the rich to protect their own money. Who pays for the bankruptcy? The owners and the board are the only ones who benefit from bankruptcy and the shareholders get screwed. The same rich people you bitch about end up being the beneficiaries. Either way the middle class will pay for it, just like everything else.Yes it’s an option. Have you learned nothing from the Great Recession?Come on man. Letting the oil industry or the airline industry fail is no more an option than letting banks fail was in 2008. I realize that in an ideal world, it doesn't seem fair but the alternative is much worse. This countries problem is mostly with deficit spending. Most of the political assholes who ran up our deficit, both sides, are still in there doing the same thing.Hell no.
If dumb Don bails out the oil companies no doubt many of his supporters will support it, even though they claim to be conservatives.
Our nation would be a much better place had Goldman Sacks and rest been forced into bankruptcy.
We have bankruptcy laws. Use them.
Stop believing propaganda from the oligarchs.
The same ones who benefit from bankruptcies. The rich and connected.Who benefitted from the bailouts?You actually think bankruptcy is a viable solution.? Bankruptcy was invented by the rich to protect their own money. Who pays for the bankruptcy? The owners and the board are the only ones who benefit from bankruptcy and the shareholders get screwed. The same rich people you bitch about end up being the beneficiaries. Either way the middle class will pay for it, just like everything else.Yes it’s an option. Have you learned nothing from the Great Recession?Come on man. Letting the oil industry or the airline industry fail is no more an option than letting banks fail was in 2008. I realize that in an ideal world, it doesn't seem fair but the alternative is much worse. This countries problem is mostly with deficit spending. Most of the political assholes who ran up our deficit, both sides, are still in there doing the same thing.Hell no.
If dumb Don bails out the oil companies no doubt many of his supporters will support it, even though they claim to be conservatives.
Our nation would be a much better place had Goldman Sacks and rest been forced into bankruptcy.
We have bankruptcy laws. Use them.
Stop believing propaganda from the oligarchs.
And you want the American taxpayer to pay for it. I don’t.The same ones who benefit from bankruptcies. The rich and connected.Who benefitted from the bailouts?You actually think bankruptcy is a viable solution.? Bankruptcy was invented by the rich to protect their own money. Who pays for the bankruptcy? The owners and the board are the only ones who benefit from bankruptcy and the shareholders get screwed. The same rich people you bitch about end up being the beneficiaries. Either way the middle class will pay for it, just like everything else.Yes it’s an option. Have you learned nothing from the Great Recession?Come on man. Letting the oil industry or the airline industry fail is no more an option than letting banks fail was in 2008. I realize that in an ideal world, it doesn't seem fair but the alternative is much worse. This countries problem is mostly with deficit spending. Most of the political assholes who ran up our deficit, both sides, are still in there doing the same thing.Hell no.
If dumb Don bails out the oil companies no doubt many of his supporters will support it, even though they claim to be conservatives.
Our nation would be a much better place had Goldman Sacks and rest been forced into bankruptcy.
We have bankruptcy laws. Use them.
Stop believing propaganda from the oligarchs.
Yes, they are a greedy bunch, aren't they? There has been many federal investigations with oil companies and always come back with zilch in excessive profits.It's a critical national resource. A few companies should not be allowed to profit to the point where they hold the rest of the nation hostage.Why should they be allowed to get rich off of national resources?Nationalize them.Im against a govt bailout to oil and I work for one of the big three. Occidental owns anadarko now, btw.
I disagree. We should bailout the oil companies as long as we ban exports and imports with Canada being exempt. BUT, before we do, we need to bail out small business that meets the size standards.
- Be a for-profit business of any legal structure
- Be independently owned and operated
- Not be nationally dominant in its field
- Be physically located and operate in the U.S. or its territories
I disagree. No bailouts for large corporations. The small businesses across america and people who are laid off need help. I agree with a couple of your items.
So it would be better that they get wiped out (if it happens), all their employees laid off, their stock worthless (eliminating much value in people's 401k's and IRA's) and their assets bought by the highest bidder (which might be a foreign entity)?
We are going to need gasoline and fuel oil once the lockdown is lifted, and these companies have to be there. I doubt they will need a bailout, because they are used to wild fluctuations in their sales and their overall market.
No.
Commies are gonna commie.
Fuck em. Nationalize it.
It's called opportunity. Nationalization is idiotic, kind of like you.
Nationalize them.
It's a critical national resource.
Which they do an excellent job of extracting.
A few companies should not be allowed to profit to the point where they hold the rest of the nation hostage.
Sounds awful!!! What's their profit margin? 100%? 200% It must be some atrocious number that only the rapacious oil companies can manage, eh?
Crep should do a little research on the subject.
As the table below shows, the Integrated Oil and Gas industry made an average profit of 6.2 cents per dollar of sales, which ranks #114 out of 215 industries by profit margin, and puts oil companies right in the middle of industries by profitability.
If the Senate Finance Committee wants to investigate "excessive" or "windfall" profits, they might consider going after some of the other industries that have benefited from higher commodity prices and achieved much higher profit margins than oil (at 6.2%), like silver (44.7%), copper (24%), gold (21%), and industrial metals (21%) and lumber (17.7%).
What the numbers mean is fantastic economic and political power in dubious hands.
Like, no one's.What the numbers mean is fantastic economic and political power in dubious hands.
That's outrageous!!
All that economic and political power must be in trustworthy hands.
Like Hillary's.
