Guest BlackJesus Posted October 29, 2005 Report Share Posted October 29, 2005 [color="#006600"][b]who would've thought that with an Ex Oil Man in Texas as President, and a former head of Haliburton as Vice President, and a US invasion of the Nation with the 2nd largest Oil reserves in the World ...... That the Oil Companies are now richer than any company in the history of the world ....[/b][/color] [size=4][u][quote][b]Exxon Mobil profit, sales soar to records STEVE QUINN Associated Press[/b][/u][/size] DALLAS - [b]Exxon Mobil Corp. rewrote the corporate record books Thursday as the oil company's third-quarter earnings soared to almost $10 billion and it became the first public company ever with quarterly sales topping $100 billion. Anglo-Dutch competitor Royal Dutch Shell PLC wasn't far behind, posting a profit of $9 billion for the quarter.[/b] Those results led Democrats in Congress to demand a new windfall profits tax. [b]"Big oil behemoths are making out like bandits, while the average American family is getting killed by high gas prices, and soon-to-be record heating oil prices,"[/b] [img]http://forum.go-bengals.com/public/style_emoticons//33.gif[/img] Sen. Chuck Schumer, D-N.Y., said in a statement. But Energy Secretary Samuel Bodman said President Bush opposes such a move [color="#990000"]of course he does [/color] and is instead considering a wide range of proposals to help cushion consumers, including the creation of an emergency reserve of gasoline and other refined products. Thursday's outsized earnings are a result of surging oil and natural gas prices that pushed pump prices to record territory after Hurricane Katrina. They come on the heels of similar eye-popping gains reported this week by BP PLC, ConocoPhillips Inc. and Marathon Oil Corp. Chevron Corp. reports its earnings on Friday. Some Republican members of Congress called on the industry to invest in ways that will increase production so that consumers get a break at the pumps or when they pay their heating bills. But analysts said telling the industry how to spend its money was unfair, if not futile. "Exxon is a good corporate citizen but it does not work for the welfare of the country," said oil analyst Fadel Gheit at Oppenheimer & Co. in New York. Exxon Chairman and Chief Executive Lee R. Raymond did not mention of the record results in the company's earnings release. Instead, he noted that the world's largest publicly traded oil company "acted responsibly in pricing at our company operated service stations, and we also encouraged our independent retailers and distributors to do the same." Henry Hubble, Exxon's vice president of investor relations, did note on a conference call the company's record profit, which rose 75 percent in the quarter to $9.92 billion from $5.68 billion a year ago. He said the gains "reflect the strong commodity prices and our fundamental business model that is disciplined, straightforward and focused on generating value while managing risk." The previous oil-industry earnings record was Exxon's 2004 fourth-quarter profit of $8.42 billion. Third-quarter revenue jumped to $100.72 billion from $76.38 billion in the prior-year period. [b]To put its performance into perspective, Exxon's revenue for the three-month period was greater than the annual gross domestic product of some of the largest oil producing nations, including the United Arab Emirates and Kuwait[/b] - even though it lost considerable production because of a string of hurricanes that battered the U.S. Gulf coast. Robert Kaufmann, a professor at Boston University's Center for Energy and Environmental Studies, says production will return to pre-hurricane levels and hurricane-related losses will disappear in future earnings reports, but profits will remain high. "A lot of the capacity was being built when oil was trading at $20 to $30 a barrel range, so by definition those fields are much more profitable," he said. "Nobody should be surprised by this." Despite the profit surge, Exxon's performance fell short of analysts' expectations and its shares fell 60 cents to $55.60 in trading Thursday on the New York Stock Exchange, while U.S.-traded Class A shares of Shell rose $1.15, or 1.9 percent, to $60.65 on the NYSE. With oil futures above $60 a barrel for much of the third quarter, Exxon's profits from petroleum exploration and production increased by $1.8 billion to $5.7 billion. Soaring prices for gasoline, diesel and jet fuel lifted refining and marketing profits by $727 million to $2.13 billion. However, income at the company's chemicals unit declined by $537 million to $472 million, a reflection of the higher prices for raw materials. Exxon said hurricanes slashed U.S. production volumes by 5 percent from a year ago, while global daily production slipped to 2.45 million barrels of oil equivalent from 2.51 million barrels. By the end of the year, it will cost the company about $100 million after taxes, the company estimated. At Shell, third-quarter net income grew 68 percent to $9.03 billion from $5.37 billion a year earlier. Revenue at the London-based company, which has extensive operations in the United States, rose 8 percent to $76.44 billion. "We are capturing the benefits of high oil and gas prices and refining margins," Shell Chief Financial Officer Peter Voser said, referring to the profit margin on each barrel of crude that is refined into gasoline, diesel and jet fuel. Shells profits from exploration and production increased by $2.6 billion to $5 billion in spite of an 11 percent decline in oil and natural-gas output. Its refining and marketing profit climbed by $201 million to $1.7 billion. Its chemicals business saw profits decline by $251 million to $321 million. Shell said hurricane damage would cost it about $350 million, although much of the expense would be covered by insurance. Also on Thursday, Marathon said third-quarter profit more than tripled to $770 million, up from $222 million a year earlier. Most of the profit came from its oil and natural-gas production unit. However, the results fell short of Wall Street's aggressive estimates and Marathon's stock slumped $3.80, or 6.2 percent, to $57.28 on the NYSE.[/quote] [url="http://www.kansas.com/mld/kansas/business/13012163.htm"]http://www.kansas.com/mld/kansas/business/13012163.htm[/url] [img]http://www.formandfunction.com/word/wordbits/got_oil-cheney.jpg[/img] Link to comment Share on other sites More sharing options...
Lawman Posted October 29, 2005 Report Share Posted October 29, 2005 Shit like this gettings leaning back to the center From the right of course Link to comment Share on other sites More sharing options...
Guest BlackJesus Posted October 29, 2005 Report Share Posted October 29, 2005 [img]http://img498.imageshack.us/img498/9617/bush2kw.jpg[/img] Link to comment Share on other sites More sharing options...
Guest BlackJesus Posted October 30, 2005 Report Share Posted October 30, 2005 [img]http://www.bendib.com/newones/2004/august/small/8-9-High-Gas-Prices.jpg[/img] [img]http://www.linxor.org/fun/Gas%20Prices.jpg[/img] Link to comment Share on other sites More sharing options...
Beaker Posted October 30, 2005 Report Share Posted October 30, 2005 Alternative fuels. Break the dependence. Link to comment Share on other sites More sharing options...
STRAYCAT Posted October 30, 2005 Report Share Posted October 30, 2005 I'm a Bush guy but this steep climb in gas and heating oil and natural gas has gotten out of hand and makes me wonder then get pissed. Link to comment Share on other sites More sharing options...
Guest bengalrick Posted October 30, 2005 Report Share Posted October 30, 2005 bush doesn't directly control the gas prices... he can only create legislation to lower prices... if you want to bitch about high gas prices, you can be pissed at the big oil companies for not lowering (somewhat) prices, which would make all the companies lower their prices... but keep in mind that a business's job is too make money, and if we ever do break the dependance of foreign oil, it will be b/c of the profits they are making, and moving that profit into research, technology, and off shore drilling... but if you want to find out why prices are so freaking high, then you can look no further than the many different grades of oil that different states demand, and the fact that there have been no refineries built in 20 years... believe me, if bush could lower prices directly of oil, i think he would... but he can't do that in a market system... blame bush all you want, but i blame the enviromentalists that demand different grades of gas and the lack of refineries and drilling that has gone on in this country... Link to comment Share on other sites More sharing options...
Nati Ice Posted October 30, 2005 Report Share Posted October 30, 2005 if oil companies could charge $10 a gallon in the states, they would, and theyd more than likely get away with it. now you're right, bush doesnt [i]directly[/i] control gas prices, but he sure as hell holds the power to influence... opening up an oil reserve will not lower prices... it will just create a more easily accessible product, believe me when i say that. im not terribly upset at bush (specifically) for the hike in gas prices, but im damn sure he and his little cronies are profiting off of its sale and distribution, and think little about it. the bottom line is nothing has been done to combat this b.s. and i think its fairly obvious that the lame ducks of bush and co. couldnt care less. please dont take this the wrong way, but blaming environmentalists for the increase in gas prices over the past several years because they have merely demanded different grades and quality is quite possibly one of the most ignorant statements ive ever heard, it is quite the reach if i must say so myself Link to comment Share on other sites More sharing options...
Guest steggyD Posted October 30, 2005 Report Share Posted October 30, 2005 [quote name='Nati Ice' post='178200' date='Oct 30 2005, 11:03 AM']please dont take this the wrong way, but blaming environmentalists for the increase in gas prices over the past several years because they have merely demanded different grades and quality is quite possibly one of the most ignorant statements ive ever heard, it is quite the reach if i must say so myself[/quote] Well, maybe not ignorant, but it is an exxageration of the truth. The environmentalists do play a role on the gas prices, believe it or not. Producing different grades of gas costs the company money, therefore there is an increase in price. It is not the sole factor in the equation, but it does play a role. Then there are taxes, that plays a role also. In the end, yes, the gas companies are making tons of cash now, but before now, they have not been making as much. The stockholders want to make some dough off of their investments, and they play a role in the whole market also. And any one of us here could have stock in the energy markets. I sure as hell do. Why didn't you get yours? Link to comment Share on other sites More sharing options...
The Scales Posted October 30, 2005 Report Share Posted October 30, 2005 Dubya and Friends would like to thank all the suckers for the great run. Link to comment Share on other sites More sharing options...
Guest bengalrick Posted October 30, 2005 Report Share Posted October 30, 2005 nati, after i give it more of a thought, the different grades of gas only hurts the people that are doing it... its unfair for them b/c they pay around 0.40 more a gallon for gas in california than in the midwest [url="http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_home_page.html"]right now[/url], but that is their choice... agreed, weak argument for me to make... the main problem though w/ the prices of our oil prices is b/c the lack of supply, due to not drilling in places like anwr and not building any refineries for literally 20 years... the supply is lower for us, and the saudis, canadians, venzaluans, and everyone else that we depend on for our oil, has our balls literally in their fists right now... we have to get out of that problem... but that is only the short term which means we need to do these things w/ the quickness, and the effects will hopefully pay off in a few years... nothing we can do in the meantime, unless we start getting the countries we buy our oil off of, and get them to lower prices somehow... we have to also find better ways to do it... hybrid is another short term solution that doesn't fix it long term... we need to figure out the best way for the long term... i'm sure there is a better way though... there always is... Link to comment Share on other sites More sharing options...
Chris Henrys Dealer Posted October 31, 2005 Report Share Posted October 31, 2005 [quote name='bengalrick' post='178934' date='Oct 30 2005, 06:24 PM']the main problem though w/ the prices of our oil prices is b/c the lack of supply,[/quote] More lack of refining capability. The oil companies are all reporting huge stockpiles of unrefined crude. It's the lack of refining resources that are moving price. A lot of them are still offline in the states following the hurricane's...plus end of day it's not in the oil company's best interests to spend money refining and possibly bring prices down. The American Petroleum insitute along with Baker Hughes release a weekly drill count for North America. [url="http://www.bakerhughes.com/investor/rig/rig_na.htm"]http://www.bakerhughes.com/investor/rig/rig_na.htm[/url] The figures for this week: 1480 for 10/28/05 +6 compared to 10/21/05 +229 compared to 10/29/04 So more than 229 rigs are active this year compared to last year..that's pretty remarkable, considering the weather conditions that have hit the south of the US lately. People are pumping out more oil than before...just can't refine it to make it usable. Link to comment Share on other sites More sharing options...
Guest bengalrick Posted October 31, 2005 Report Share Posted October 31, 2005 [quote name='Stanley Wilson's Dealer' post='178955' date='Oct 30 2005, 07:17 PM'][quote name='bengalrick' post='178934' date='Oct 30 2005, 06:24 PM'] the main problem though w/ the prices of our oil prices is b/c the lack of supply,[/quote] More lack of refining capability. The oil companies are all reporting huge stockpiles of unrefined crude. It's the lack of refining resources that are moving price. A lot of them are still offline in the states following the hurricane's...plus end of day it's not in the oil company's best interests to spend money refining and possibly bring prices down. The American Petroleum insitute along with Baker Hughes release a weekly drill count for North America. [url="http://www.bakerhughes.com/investor/rig/rig_na.htm"]http://www.bakerhughes.com/investor/rig/rig_na.htm[/url] The figures for this week: 1480 for 10/28/05 +6 compared to 10/21/05 +229 compared to 10/29/04 So more than 229 rigs are active this year compared to last year..that's pretty remarkable, considering the weather conditions that have hit the south of the US lately. People are pumping out more oil than...just can't refine it to make it usable. [/quote] i see... so even the saudis (for instance) can't really lower prices for us, by pumping more oil, b/c that isn't the problem, huh? we really need some more refineries and we definately need them spread out better than placing them all in hurricane alley... Link to comment Share on other sites More sharing options...
-GoBengals- Posted October 31, 2005 Report Share Posted October 31, 2005 bush must die to free us all. Link to comment Share on other sites More sharing options...
|Bunghole| Posted October 31, 2005 Report Share Posted October 31, 2005 [quote name='GoBengals' post='179074' date='Oct 30 2005, 09:51 PM']bush must die to free us all.[/quote] Just the other day I stubbed my toe and the media reported that it was George Bush's fault...because it was... Link to comment Share on other sites More sharing options...
|Bunghole| Posted October 31, 2005 Report Share Posted October 31, 2005 [quote name='Stanley Wilson's Dealer' post='178955' date='Oct 30 2005, 07:17 PM'][quote name='bengalrick' post='178934' date='Oct 30 2005, 06:24 PM'] the main problem though w/ the prices of our oil prices is b/c the lack of supply,[/quote] More lack of refining capability. The oil companies are all reporting huge stockpiles of unrefined crude. It's the lack of refining resources that are moving price. A lot of them are still offline in the states following the hurricane's...plus [size=5][b]end of day it's not in the oil company's best interests to spend money refining and possibly bring prices down. [/b][/size] [/quote] The crux of the issue is in this statement. Why spend shareholder dividends on R&D for refining capacity increases when you can make money hand over fist with the status quo? Oh, and btw, it is always George Bush's fault, no matter the issue....I think we've pretty much cleared that up..... Link to comment Share on other sites More sharing options...
Kool Keith Posted October 31, 2005 Report Share Posted October 31, 2005 [quote name='Bunghole' post='179100' date='Oct 30 2005, 10:17 PM'][quote name='Stanley Wilson's Dealer' post='178955' date='Oct 30 2005, 07:17 PM'] [quote name='bengalrick' post='178934' date='Oct 30 2005, 06:24 PM'] the main problem though w/ the prices of our oil prices is b/c the lack of supply,[/quote] More lack of refining capability. The oil companies are all reporting huge stockpiles of unrefined crude. It's the lack of refining resources that are moving price. A lot of them are still offline in the states following the hurricane's...plus [size=5][b]end of day it's not in the oil company's best interests to spend money refining and possibly bring prices down. [/b][/size] [/quote] The crux of the issue is in this statement. Why spend shareholder dividends on R&D for refining capacity increases when you can make money hand over fist with the status quo? Oh, and btw, it is always George Bush's fault, no matter the issue....I think we've pretty much cleared that up..... [/quote] Do you remember when the site went down a couple of weeks ago? Go sent me an email telling me it was George Bush's fault. Bush pulled the plug himself, and then spilled black tar heroin on top of the server. True story [img]http://forum.go-bengals.com/public/style_emoticons/<#EMO_DIR#>/39.gif[/img] Link to comment Share on other sites More sharing options...
Guest BlackJesus Posted October 31, 2005 Report Share Posted October 31, 2005 [size=3][u][quote][b]After record profits, oil companies see backlash Oct 30, 2005 yahoo news[/b][/u][/size] WASHINGTON (AFP) - A profit bonanza for major oil companies has sparked a backlash among US lawmakers and others, who argue the gains should be used to help ease consumers' pain from record energy prices. The scrutiny intensified after Exxon Mobil, the world's biggest oil company, posted a profit of 9.92 billion dollars for the third quarter -- the biggest in US corporate history. That brought the Texas firm's earnings for the first nine months of the year to 25.42 billion dollars -- more than the gross domestic product of Luxembourg. Other global oil companies were not far behind with hefty profits: Royal Dutch Shell (9.03 billion dollars), British oil giant BP (4.41 billion), US-based Chevron (3.6 billion) and ConocoPhillips (3.8 billion). Democratic Senator Charles Schumer said the 29 major oil and gas firms in the Standard and Poor's 500 stock index are expected to earn 96 billion dollars this year -- up from 68 billion dollars last year and 43 billion dollars in 2003. "It's become perfectly clear that the big oil companies are cashing in while average American families are being bled dry," Schumer said. Schumer and other Democrats are pressing for legislation to tax the "excess" profits of oil firms to fund heating assistance programs, recovery from Hurricane Katrina and other programs. Republican lawmakers, who are generally more laissez-faire on business, said oil companies must show they are acting responsibly to avoid congressional action. Senate Majority Leader Bill Frist called for hearings into possible price-gouging. [b]"Oil and gas companies are enjoying record profits. That is fine. This is America," House of Representatives Speaker Dennis Hastert said.[/b] But he added: "Our oil companies need to do more to inform the American people about what they are doing to bring down the cost of oil and natural gas. When are new refineries going to be built?" Crude oil prices are up some 80 percent over the past year. Gasoline is expected to be 27 percent higher in 2005 and US households can expect a 48 percent jump in heating costs for natural gas, according to the Energy Department. The energy companies have been taking a low profile in the face of the criticism, while noting that they are investing heavily in exploration and refining. The oil industry's recent ad campaign talks about environmental efforts, conservation and the need for investing in new technologies. Some argue that a heavy tax on the oil industry could backfire by discouraging investment. Henry Hubble, Exxon Mobil's director of investor relations, said the issue is a "tightness of supply versus demand," and the best way for lawmakers to stimulate supply is to step back and let the markets work. "If you're trying to encourage supply growth, it seems odd to put in place disincentives," he said. The American Petroleum Institute defended the industry by pointing out that the industry has lower profit margins than other industries such as banking and pharmaceuticals. "The oil and natural gas industry is probably one of the world's largest industries," the API said. "Its revenues are large, but so are its costs of providing consumers with the energy they need. Among those are the cost of finding and producing oil and natural gas and the costs of refining, distributing and marketing it." But Republican Senator Judd Gregg said there are limits to the patience of the US public and politicians, and called for "a serious look at reinstituting an excess profit tax on oil companies with the proceeds being put towards the low-income home energy assistance program and deficit reduction." With fuel costs out of control and profits at record levels, Gregg said, "it is apparent that the oil companies have taken advantage of the trust of the American people." "Some might call this a novel approach for me, but I cannot sit back in good conscience while those in our society struggling to heat their homes are being left in the cold by oil companies," the senator said.[/quote] [url="http://news.yahoo.com/s/afp/20051030/bs_afp/usoilpricepolitics_051030214610;_ylt=AvYePr8yp8V1k1tCZuVQknOs0NUE;_ylu=X3oDMTA3MjBwMWtkBHNlYwM3MTg-"]http://news.yahoo.com/s/afp/20051030/bs_af...WtkBHNlYwM3MTg-[/url] Link to comment Share on other sites More sharing options...
Chris Henrys Dealer Posted October 31, 2005 Report Share Posted October 31, 2005 [quote]i see... so even the saudis (for instance) can't really lower prices for us, by pumping more oil, b/c that isn't the problem, huh? we really need some more refineries and we definately need them spread out better than placing them all in hurricane alley...[/quote] Bro, if there's one thing that OPEC can achieve some unity on...it's the fact that they all cheat completely on their limits. Their "proposed production band" is a complete joke. The big producers like Saudi, UAE, Kuwait for example, all mysteriously misplace a million barrels a month or so...so does Iran, so does Nigeria. Actually Nigeria is really bad for cheating. While the high prices in the oil world have somewhat curtailed cheating...because OPEC realises that they'd be shooting themselves in the foot if they cheat too much and bring price down...they still do it. When Saddam invaded Kuwait in 1990, while I think it was just a land grab..he justified it in his head by saying that he was doing it because Kuwait was cheating on its oil quotas. He then asked Saudi Arabia for permission to send his troops through to the UAE..cos they were doing it as well. We were in Dubai at the time...I remember within a week the UAE govt. had allowed the Brits and the US to set up air bases there because they wanted the protection. If you look at the oil price issue from an economics standpoint, it's not the supply per say....it's the lack of refining ability...and a LOT of speculation in the market. [url="http://futures.tradingcharts.com/marketquotes/index.php3?market=CL"]http://futures.tradingcharts.com/marketquo....php3?market=CL[/url] See investors are currently trading the December 2011 futures contract at $55.82. Actually that's a bad example, cos there only two contracts trading. But the December 2010 contract is at 55.83 and 352 contracts traded on Friday. That means that someone is willing to pay $55.83 for oil, 5 years from now! So imagine if you're the CEO of a company Rick's Breast and Thighs Emporium. You own a chain of Strip clubs featuring some skanky ladies and serving fried chicken as well So you need a lot of oil ....to stock your deep fryers and also for the ladies to lube themselves up with....but you're holding off....you think...oil is at $60.40 right now...it has to come down....but then you look at the futures contract on the NYMEX up above...you get nervous...thinking...fuck if all these people are locking in oil 5 years from now at $55.82....a savings of $4.58 from the current price....that's not that bad is it..maybe I should just lock it in at that price...so you say ahhh fuck it, I'll just do it...and you buy 1 futures contract for $55.83 2010. Meaning unless you offset the future sometime before then, you will take possession of 1,000 U.S. barrels (42,000 gallons) at $55.83 in December 2010. I'm another company CEO, I think oil is going to come down in the future as well...then you tell me that you just bought the December '10 contract for 55.83. I get nervous, I think fuck...maybe i should do that as well....I mean Rick obviously thinks oil is going to stay up if he does that trade....then I look at how China just bought Petro Kazakhstan...how India's Reliance Group just bought a whole wack of oil rights in Azerbaijan, and I get nervous as well...more people need oil. So i buy it. the oil companies and the OPEC members monitor the futures prices and note that if they want, they can sell oil at $55.83 5 years from now via the futures market. so they know that barring some unusual things occuring like the world's largest fucking oil reserve being found underneath the White House, they can still make some nice cash 5 years from now. So prices stay up...not cause of supply...but because of financial speculation. The oil companies don't help by then looking at that 55.83 price in the future and deciding..you know what...we need to pay OPEC more for drilling rights ...so why don't we protect ourselves by reducing refining ability and reducing finished oil product supply on to the market. So plans for a new refinery are scrapped, and the money is spent hiring a penhouse suite, buying a shitload of drugs, and railing them off the tits of about 500 escorts hired for the weekend While it's pretty much against what they stand for to place a tax on the oil companies for doing business well...I mean isn't that the whole crux of capitalism...Bush and Co. could do something maybe like. offer tax breaks for companies building additional refining ability. Not R & D...but actual new refineries. Exxon realises it has a huge tax bill to pay for it's record quarter. If it can reduce it's taxable income by allocating some of that revenue towards extra refinery...maybe do it... Or the other step...which is kind of extreme...but other countries are doing it....build a national govt. run oil company in the States again. Like Putin has done in Russia where with a mixture of law suits and old fashioned KGB tactics...he currently controls about 30% of Russia's oil production and market. Where 3 years ago, it was completely privatised. Again some Republican's would probably shoot themselves rather than do this...(some Democrats as well) but it might be the best option. A govt. run firm that would not be driven by profit concerns, but rather on the effective availability and distribution of oil to the American public, would bring oil prices down IMO and reduce the pricing power of the oil companies. Link to comment Share on other sites More sharing options...
The Scales Posted October 31, 2005 Report Share Posted October 31, 2005 Not while Bush and Friends are running the show stan... Link to comment Share on other sites More sharing options...
Guest bengalrick Posted October 31, 2005 Report Share Posted October 31, 2005 i remember that comparison from a while back... i seriously wish you were my economics teacher back in the day b/c i think i would stay awake for class on your first part, that is some intersting news to me... i didn't know any of that... i assumed there was corruption, but i didn't know exactly how they curropt it... on a side note, i'm surprised bj hasn't jumped on that bandwagon yet... thats right up his alley there are many factors going into the price of oil and i think you nail them on the head... the hurricanes are the reason they jumped up so fast, though they are unstable b/c of the overall picture of oil right now... the price (of gasoline) has been steadily dropping since the hurricanes and is around 2.50 for me again, which is nice, but i remember (recently) when 1.50 was considered the norm... weird how perception can change so fast... about the national oil company, i started this post thinking that i was totally against it... but as i try to write it, i am seriously conflicted... correct me if i'm wrong, but i see it broke down like this: pro: - enviromental standards would be higher b/c of the political pressure directly on the company, being it would be a US run company - profits would benefit all the government and benefit all of us to an extent (there is a con tha is directly related to this though) - profits would be through the roof i'm sure there are more pro's but these are pretty strong as they stand, imo... con: - EXTREME corruption... there is no competition and this is a gov't ran program that would be making money hand over fist... it that doesn't scream of corruption, then nothing does - goes against all rules of capitalism, which helps combat some of that corruption imo... - the president (and gov't in general) would deserve teh critism of the brunt of the attacks, b/c theyhave a direct hand in it... that would hurt the democratic system in general .... fill in some more if you think their important... Link to comment Share on other sites More sharing options...
Guest bengalrick Posted October 31, 2005 Report Share Posted October 31, 2005 [quote name='The Scales' post='179281' date='Oct 31 2005, 09:53 AM']Not while Bush and Friends are running the show stan...[/quote] dude, instead of throwing out one line statements that make no sense, read and interpret what he said... stanley knows what he's talking about... if you read this, and still think that the president is directly responsible for oil prices, then your crazy... as soon as we get that hurricane killer machine working, we will be able to stop them pesky hurricanes... Link to comment Share on other sites More sharing options...
The Scales Posted October 31, 2005 Report Share Posted October 31, 2005 The price of gasoline is falling again as it's done for the last four years about this time, and hell probably longer than that because of supply and demand...(less driving in the fall and winter months) While natural gas climbs in price during this time of the year. Hurricanes are a very convienent excuse, but haven't they always been a problem?... the problem could be remedied as stan illustated within the context of his last couple of sentences, but not while Bush and friends run the show...all thier chosen efforts are just clever shell games. "oh we gotta break our dependence on Foreign oil, blah, blah, blah.."Oh we only got so much oil floating around in this earths crust, blah, blah, blah," "Oh, we as a government will give you a rebate if you buy a hybrid, BLAH, BLAH, BLAH" "BECAUE we gotta break this dependence on "FOREIGN OIL".. We Gotta help our good buddies the kuwaites, we must save them, and oust this evil didctaor who wants to nuke the world. "whats this you say? Kuwait is one of the most oil rich countries on the entire face of this planet. ....WOW!!! "WE DIDN"T KNOW THAT!!" "Thats nice, but lets talk about this bad guy Saddam, who in th eighteies was our buddy, but now we hate him and are gonna control his nation and oil supples for the NExt decade....OH DON"T MIND THE UNCONTROLABLE RUBBING OF MY HANDS TOGETHER" "oh whats that you say, China has invaded TIBET?" "No oil in Tibet, China can have em." Did you know that Geoigist Theorize the worlds largest sources of Crude reside at the Poles? Larger in quantity than all the arab states? Did you know that the Senate recently approved legislation to allow a a couple of Companies the excluse rights to drill the poles? . ... it's all a sad fucking sham... this problem could be fixed, if the President of the united states wanted it fixed...... Is he directly responsible? Oh i dunno...could he fix it? SURE COULD. Will he? FUCK NO, because Dubya doesn't give two dog shits about you or me. He loves his Texas oil buddies, he loves his Big world Bank Construction company buddies, not the working class. Bush loves corporations, because corporations contribute to the War chest..What did you give to the war chest? So after Stan gave his thoughts on why and an avenue for remidying the situation, ala the soviet unions actions, or the like i retorted with... "not while Bush and friends run the show stan..." get it? To quote Redman in "HOW HIGH"...."BUFU"....BUY US, FUCK U!! Link to comment Share on other sites More sharing options...
Nati Ice Posted October 31, 2005 Report Share Posted October 31, 2005 [quote name='The Scales' post='179337' date='Oct 31 2005, 11:03 AM']Is he directly responsible? Oh i dunno...could he fix it? SURE COULD. Will he? FUCK NO, because Dubya doesn't give two dog shits about you or me. He loves his Texas oil buddies, he loves his Big world Bank Construction company buddies, not the working class.[/quote] this has always pissed me off... reason being; i have yet to find a working class citizen who can elaborate on why they vote republican, or bush more specifically, beyond the likes of "i think we should blow up those ragheads," "im no liberal commie pussy fag," or "bush represents my family values" (whatever the hell thats supposed to mean). so if someone in the working class would like to elaborate and edjamacate me on their reasoning, i would be extremely grateful... Link to comment Share on other sites More sharing options...
Lawman Posted October 31, 2005 Report Share Posted October 31, 2005 [quote name='Nati Ice' post='179344' date='Oct 31 2005, 11:13 AM'][quote name='The Scales' post='179337' date='Oct 31 2005, 11:03 AM']Is he directly responsible? Oh i dunno...could he fix it? SURE COULD. Will he? FUCK NO, because Dubya doesn't give two dog shits about you or me. He loves his Texas oil buddies, he loves his Big world Bank Construction company buddies, not the working class.[/quote] this has always pissed me off... reason being; i have yet to find a working class citizen who can elaborate on why they vote republican, or bush more specifically, beyond the likes of "i think we should blow up those ragheads," "im no liberal commie pussy fag," or "bush represents my family values" (whatever the hell thats supposed to mean). so if someone in the working class would like to elaborate and edjamacate me on their reasoning, i would be extremely grateful... [/quote] First, who did you vote for? and if you did, why? Link to comment Share on other sites More sharing options...
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