Sonny Clark
Diamond Member
- Dec 12, 2014
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List of largest companies by revenue - Wikipedia the free encyclopediaActually, it is much more complicated than that.It doesn't require $4.00 per gallon gas in order for big oil to make a profit and employ people. Back when gas was selling for over $4.00 a gallon, big oil was making $13Billion per quarter in profit. So, you're saying that if they're only making $7Billion per quarter in profit, jobs will be lost, businesses will go under, and the economy will collapse? FYI - It cost big oil the same to get the oil out of the ground whether they sell it for $115 per barrel or $50 per barrel. When the price of oil is extremely high, do they give the consumers a break? The answer is NO. Back when gasoline was over $5.00 a gallon in some states, top oil company execs were called to testify before members of Congress to explain the high cost to consumers. One exec, I believe it was a lady representing Exxon, said that their responsibility was to make as much money as possible for the stock holders, and not how cheap they could sell gas to the consumer.Yep, all utilities are more expensive. And, you can add food, rent, and health care to the list as well. The cost of living continues to rise, and pay checks can't keep pace. But, we are paying less for gasoline, which is a huge blessing.Obama sticking it to the American people again, as he forces coal fired power plants out of buisness
Data released today by the BLS indicates that the electricity price indexes hit all-time highs for the month of December and for the year. 2014 was the most-expensive year ever for electricity in the United States
Price of Electricity Hit Record High in U.S. in 2014 CNS News
Agree with everything except for the fuel "blessing." The price of fuel has been forced down by OPEC to keep America from drilling offshore or building the Keystone Pipeline. We need to become less dependent on OPEC and we need to put Americans to work in good paying jobs. So ... it's a "blessing" in some respects but in the long run ... Americans are getting screwed when we look at the bigger picture.
Don't kid yourself, big oil is making tons of money. If people lose their jobs, it's because GREED is king.
Fluctuations in supply and/or demand is what kills the jobs....not greed.
It is like that in all industries...and why we have recessions every 4 years or so.
When the market is rich, the companies invest in new technology as well as additional employees. When demand decreases (or supply increases), the technology must stay for it is paid for, but the additional employees are let go. Then, while in a recession, companies have the opportunity to apply their new technology in the most efficient way possible...and when demand increases again, they realize the new technology can cover the new demand...so no need to hire additional emploiyees..
Call it greed if you wish.....but if during hard times, you fired your gardener and bought a lawnmower...and while using it, you realized it was simple job and not worth the money to rehire the gardener....wouldnt you not rehire the gardener when times were good again?
Is it because you are greedy....or just wiser?
ExxonMobil - 5.3 million barrels per day - In Photos The World s 25 Biggest Oil Companies - Forbes
With Only 93 Billion in Profits the Big Five Oil Companies Demand to Keep Tax Breaks Center for American Progress
Fossil Fuel Subsidies Overview - Oil Change InternationalOil Change International
Big Oil s most profitable quarter ever 51.5 billion - ABC News