Exxon Mobil: Biggest profit in U.S. history

Exxon Mobil: Biggest profit in U.S. history
Largest U.S. oil company surges past analyst estimates to post net income of $14.83 billion.

http://money.cnn.com/2008/10/30/news/companies/exxon_earnings/index.htm?cnn=yes

Well isn't that an unsurprising kick in the sac?

It needs a tax cut, as that will create jobs and pay for the poor.

Originally posted by KharmaDog
Exxon Mobil: Biggest profit in U.S. history
Largest U.S. oil company surges past analyst estimates to post net income of $14.83 billion.

http://money.cnn.com/2008/10/30/news/companies/exxon_earnings/index.htm?cnn=yes

Well isn't that an unsurprising kick in the sac?

Originally posted by lord xyz
It needs a tax cut, as that will create jobs and pay for the poor.

What is the problem again?

I'm perfectly fine with record profits...as long as it doesn't harm me or my peeps.

It helps, not hurts, for U.S. companies to do very well.

Originally posted by dadudemon
It helps, not hurts, for U.S. companies to do very well.

I agree with that statement. But I find it somewhat ironic that in a oil-based economy which is currently doing poorly, the oil companies are sitting pretty good.

Maybe I'm just grasping at straws.
Maybe I've drunken too much cough syrup again.

No worries, back to work on monday, then I'll be out of all yer hair.

Originally posted by Bardock42
What is the problem again?

Quite a lot really.

Originally posted by lord xyz
With cutting taxes for big companies?

Quite a lot really.

Originally posted by Bardock42
I thought you are totally against a monetary system? Why do you want to steal it from companies?

I understand it's stealing, which is wrong, however, corporations essentailly steal the money anyway through manipulation and debt etc.

Originally posted by lord xyz
I'm against the monetary system, however, giving it the poor and away from corporations would be a step in the right direction.

I understand it's stealing, which is wrong, however, corporations essentailly steal the money anyway through manipulation and debt etc.

That's an unfair estimation of what corporations do, don't you think?

Originally posted by Bardock42
What is the problem again?

Part of the reason why they broke even their already high expectation was because they (and others) sodomized us at the pump with ever increasing fuel prices.

There's nothing wrong with a profit, but gouging is a slim-ball tactic.

Originally posted by lord xyz
I'm against the monetary system, however, giving it the poor and away from corporations would be a step in the right direction.

I understand it's stealing, which is wrong, however, corporations essentailly steal the money anyway through manipulation and debt etc.

You're right. Lets elect Obama and "spread the wealth around". I'll shut down my business and sit on my ass while someone else does all the work. Then Obama can confiscate their money and give me a percentage.

On topic: cheap oil is not a right. Cheap oil discourages the push for alternative fuel sources which we desperately need. If you have such a problem with oil companies making money then quit using oil.

Originally posted by Robtard
Part of the reason why they broke even their already high expectation was because they (and others) sodomized us at the pump with ever increasing fuel prices.

There's nothing wrong with a profit, but gouging is a slim-ball tactic.

Originally posted by Doom and Gloom
You're right. Lets elect Obama and "spread the wealth around". I'll shut down my business and sit on my ass while someone else does all the work. Then Obama can confiscate their money and give me a percentage.

Yes, I'm sure that's exactly his point.

Originally posted by Doom and Gloom
If you have such a problem with oil companies making money then quit using oil.

Damn! Why didn't I think about that! The answer is just so simple!
😑

Originally posted by Bardock42
That's an unfair estimation of what corporations do, don't you think?

Exxon for example is making lots of profit...yet oil prices are sky rocketing. Sounds pretty corrupt to me.

Originally posted by Bardock42
Well, how much is Oil worth in your opinion and how should it be determined?

Originally posted by Doom and Gloom
You're right. Lets elect Obama and "spread the wealth around". I'll shut down my business and sit on my ass while someone else does all the work. Then Obama can confiscate their money and give me a percentage.

On topic: cheap oil is not a right. Cheap oil discourages the push for alternative fuel sources which we desperately need. If you have such a problem with oil companies making money then quit using oil.

Believe me, I won't.

Edit: Sorry for the triple post guys.

Originally posted by lord xyz
I don't think it's unfair.

Exxon for example is making lots of profit...yet oil prices are sky rocketing. Sounds pretty corrupt to me.

Why? It makes sense, really.

Originally posted by lord xyz
I don't think it's unfair.

Exxon for example is making lots of profit...yet oil prices are sky rocketing. Sounds pretty corrupt to me.

indeed

due to the food crisis in many parts of the world, major food companies are now seeing windfall profits.

However, in any free economic system, whoever owns a particular commodity gets to set the price.

Gas prices have come down dramatically, yet I would still not be surprised if the price of gas were still artificially inflated as it was a few months ago.

it sucks that oil companies have us by the balls, it sucks that their profit margins are so high and the impact is so negative on people, it sucks that the price of oil is in no way related to local supply or real economic factors. I don't think corporations steal anything, oil companies just happened to pick a highly lucrative product.

EDIT: Oil prices are no longer skyrocketing.

Originally posted by inimalist
it sucks that oil companies have us by the balls, it sucks that their profit margins are so high and the impact is so negative on people, it sucks that the price of oil is in no way related to local supply or real economic factors. I don't think corporations steal anything, oil companies just happened to pick a highly lucrative product.

EDIT: Oil prices are no longer skyrocketing.

No problem. Have no fear. Just follow these sage words of advice:

Originally posted by Doom and Gloom
If you have such a problem with oil companies making money then quit using oil.

Originally posted by Bardock42
Why? It makes sense, really.

You fail to see how that puts regular people in poverty, and fail to see how that's a bad thing.