Mobil Oil /Record Profits

[tallcal101]

I was quite shocked to read that Mobil oil posted record 10 Billion $ profits for 2005.This news came out yesterday.I believe this can be traced directly to our administration who are made up of oil tycones who have sold us down the river.
This business we are all involved with used to be one that earned us reasonable profits for the investment in time and materials(equipment),but the cost of fuel has made everyday a struggle.I would like to think that those who are running this country(don't blame the liberals this time)wish to see small business suceed.Thats a pipe dream.The back room deals between this administration and the fat cats at the oill companies have resulted in windfall profits for the oil companies,and it is on our backs.
I,for one,would trade the sexual exploits of our last President for the sound business practices and controls on energy that we used to enjoy.
The oil companies are screwing you and I,and this administration is turning a blind eye.There is absolutly no excuse for these kinds of profits when it flies in the face of fuel"shortages",which is BS of the first degree.Let your vote this election year speak to this administration and the oil company partnerships that are driving us all into the poor house.

 

[greg334]

You know Talcal101, there is more to the story.

I am not defending any company or the administration, but really?

First you seem to miss something, we still pay the least amount of money per gallon of anything, be it Milk, Gas, Diesel or cooking oil. In other countries, after you remove the taxes they still pay more, because the market will bear it. I am wondering how much money is being made by oil companies overseas?

Also remember that companies like Exxon Mobil sell a lot more than Gas and Diesel. For example natural gas helped a lot in their profits, natural gas prices are up (almost doubled) a lot because of the demand on electricity, which is made by power plants that use natural gas instead of Coal. Second behind Exxon Mobil is BP, Conoco Phillips and of course CITGO.

The fuel shortage is not caused by the price of oil, the availability of oil but rather refining capacity and the uses for oil – home heating oil, jet fuel, diesel fuel and plastics (yes plastics come from oil). These are all are in demand RIGHT now and hence the word shortage is used.

Who to blame for this shortage, lets start with Carter (a liberal) and continue with Clinton/Gore (two liberals). Carter expanded the EPA and the EPA is the real villain here, not the President. I think that if there were more refineries, we would have cheap fuel. The EPA is the biggest obstacle.

As for the Fat Cats who run the oil business, don’t forget China and that communist in South America (aka CITGO), they seem to have something to do with the high prices, maybe sending money back home and wanting to have a piece of the American dream? What happened to CITGO’s promise of lowering home heating oil prices to the poor here in the states? Did it happen?

Who cares if President Bush has oil ties, JFK had ties to organized crime (got him elected), Johnson had ties with the military suppliers in Texas and the free trade people in Vietnam, Carter has ties to communist and people who want to destroy the US, Nixon owned stock in 3M (get it tapes). This is not the first president who has ties to people that want to be favored, it goes back to the beginning of the country. If you want a president who has no integrity, who lies and who allows his wife to dictate policy that effect millions (and was not elected) – well I guess you want to pay an effective 60% tax on all your income and not defend yourself or family.

 

[LDB]

Don't blame the president for circumstances created by forces of nature and by the environmentalists forcing abandonment of huge amounts of our own resources. You also need to look at China which you are so enamored of. The problem isn't in the White House. I'm not saying there couldn't be improvement because there certainly could however I'm certainly not interested in going back to an immoral, classless monger who chases any and every skirt possible while his wife runs the country.

Leo Bricker, owner trucks 3034, 4958
OOIDA 677319
73's K5LDB
Highway Watch Participant, Truckerbuddy
EO Forum Moderator 1+ Years of Service
-----
Support the entire Constitution, not just the parts you like.

 

[davekc]

The fuel shortage is not caused by the price of oil, the availability of oil but rather refining capacity and the uses for oil – home heating oil, jet fuel, diesel fuel and plastics (yes plastics come from oil). These are all are in demand RIGHT now and hence the word shortage is used.

Who to blame for this shortage, lets start with Carter (a liberal) and continue with Clinton/Gore (two liberals). Carter expanded the EPA and the EPA is the real villain here, not the President. I think that if there were more refineries, we would have cheap fuel. The EPA is the biggest obstacle.
=====================================================================
There is your answer above (Gregg334 post) coupled with restrictions on where oil can be drilled. The whole west coast is on a bed of oil as well as Alaska. When no one wants it in their front yard, this is the price you pay.
With more and more alternative fuel sources coming, it is no surprise they are going to try and make as much profit as possible while they can.
There will always be a demand but not at these current levels in the next ten to twenty years.
The problem is much bigger than Bush or a political party issue.








Davekc
owner
21 years
PantherII
EO moderator

 

[tallcal101]

I'm sorry folks,but just as with any administration,unfortunatly,these guys have to take responsibility for the goings on that occure on their watch.Clinton did.
If you think for a moment that the closed door meetings that Cheany had with the energy boys in 2004(minutes still not released)was about how to save the American people money on energy and not about profits,then I have some beautiful ocean front property in Arizona for sale.
History will be the final judge of this adminsitration.
Talk to me in 10 yeras

 

[tallcal101]

Eisenhower had a mistress in Europe the entire time he was winning WW2
Go figure.

 

[bryan]

HI
If demand is high but supply is low you shouldn't have record profits.You don't have product to sell.They cheated us in 05 its just that simple.

 

[LDB]

That would only be true if supply was zero or so low as to cause outages. There was enough to meet the demand curve at a higher price.

Leo Bricker, owner trucks 3034, 4958
OOIDA 677319
73's K5LDB
Highway Watch Participant, Truckerbuddy
EO Forum Moderator 1+ Years of Service
-----
Support the entire Constitution, not just the parts you like.

 

[tallcal101]

There is nothing to stop the oil companies from building new refineries,certainly not the EPA!!
It would cut into shareholder profits,clear and simple.Refinereis are expensive,and God forbid the oil companies should have to report anything but RECORD profits year after year.
The amount of oil available in Alaska in 1% of what we import from our good friend the Saudi's(17 of the terrorists were Saudi)
Sorry Greg,perhaps you have another reason...........

 

[Blockade Runner]

Sorry, but this is a free market economy, the heart of our whole economic system. In a free market, as demand goes up, so does the price. Likewise, as supply goes down while demand is high, voila, the price goes up. That is just the way it is. Any other way is: a dictatorship, communism, or socialism.

 

[davekc]

Tallcal wrote
The amount of oil available in Alaska in 1% of what we import from our good friend the Saudi's(17 of the terrorists were Saudi)
Sorry Greg,perhaps you have another reason...........
=============================================================
I think you have been listening to Ted Kennedy and Hillary too much.
You have no clue as to what you are talking about.

From the EPA web site
Is Alaska producing much oil, and how much potential does it have?


Alaska now accounts for 20 percent of our domestic production of 3 billion barrels a year. Most of that oil comes to us through the Trans-Alaska Pipeline, which has plenty of room for more oil -- at least 1 million more barrels a day.


The truly promising area for oil in Alaska is the North Slope, a 750-mile coastal strip on which little or nothing grows. It is here that Prudhoe Bay oil was discovered on state lands in wells that had 13 billion barrels of reserves, equal to more than four years of domestic oil production.
The reality is that Alaska has an enormous reservoir of oil, making it a potential Saudi Arabia -- at least in American production dimensions. Right now, in addition to the 20 percent of all oil produced in America, new reserves are regularly being found in Alaska. Phillips Petroleum has discovered one field of 429 million barrels on state lands in the North Slope and is now pumping 100,000 barrels a day.


The U. S. Geological Survey in 1989 estimated Alaska's oil potential at 13 billion barrels. But then in 1995, just six years later, they tripled that number to 33 billion potential barrels on both land and offshore. This May, that estimate will be revised upward again says the USGS. Even the present figure shows that Alaska has 40 percent of American oil reserves, enough to eventually make America almost self-sufficient.


What more can you say...some only hear what they want to hear. Most of this has been known for awhile. Nothing surprising except the claim of 1 percent. There isn't a politician out there democrat or republican that would use that low of number.









Davekc
owner
21 years
PantherII
EO moderator

 

[tallcal101]

Sorry Dave,as you may know,the recent legislation to open the protected wild life area was defeated(both republicans and democrats voted against it)was the only area I was speaking of.I am aware of ther rest of the potential in Alaska.
If you check your many area's of expertise(I'm very impressed)you will find that the much disputed protected area I was talking about makes up only 1%(not all of Alaska)of our imports.Give me some credit brother.
The real ansewer is Biodiesel.Instead of paying the farmers to toss their corn(another bright idea of our "leaders"),uncle Wiilie has the
right idea.But it means crossing path's with Bush and Cheanys good pals at the oid companies(god forbid)so like many good ideas,it will be trumpded until every last drop of fossil is pulled out and manipulated.
Regarding Ted and Hillary,perhaps you have benn paying attention to the polls for the last six months.Not only was W elected the first time by the supreme court,he squeaked through the second time,and has had the lowest approval rateing(39 to 41% the last six months)in the last 100 years.
Not exactly a mjority.How's it feel to be in the minority Dave?I suggest you get to know Hillary up close and personal,or perhaps some land in China may start looking good.

 

[davekc]

Your post only indicated Alaska, not a specific region or territory.
Here is a quick link from their state magazine. As mentioned, EPA and other government sites go into very specific detail.
the link is;
www.alaskamagazine.com/faq/oil.shtml
www.tax.state.ak.us

I do agree that alternative sources are the answer, but with a 10 to 20 year implementation, other items are needed to fill the gap.
Biodiesel does have a future if they get some of the bugs worked out.
See....we agree on some things.

As to whether I am in the minority politically would be the assumption that I am a republican. I don't claim a affliation with either the democrats or the republicans. I prefer to look at who is the best candidate. When looking nationally, there are more republicans than democrats when looking at voter registration. Bush has been far from perfect, but I personally don't see anything with Hillary that would cause me to vote for her.
Politics is like religion, you have to agree to disagree.



Davekc
owner
21 years
PantherII
EO moderator

 

[RichM]

I think it's real important for the 300 folks who go to Northern Alaska in a year to view caribou must be maintained.
Any idea how much it costs to build a refinery. We could get oil off the Florida Gulf Coasy but NIMBY. Wind power could be generated off of Cape Cod Mass but NIMBY.

Shell oil wanted to doubles the size of their refinery in Bakersfield CA but NIMBY so they didn't do it and sold it to Flying J.Hmm maybe that is the secret to heat the fuel.

Every administration has ties to industries of one form or another. Why is NASA in both Florida and Houston,perhaps Lyndon Johnson had something to do with that.

One thing that gives hope for alternate fuels is the old saying "Necessity is the Mother of Invention". When fuel hits $5.00 per gallon and no one is going anywhere then we will see alternate fuels that make sense come to the forefront.

 

[tallcal101]

Check with Nevada,they will be only to happy to build refineries next door to their spent fuel rod depots and munitions factories.
God bless that state.

 

[tallcal101]

Dave,we have much in common.We're both trying to bring respect and class to expediting.I care about my reputation in this business(even though I may have lost all my red state friends recently)and will do everything in my limited power to bring recognition (positive)to our industry.I stayed off this site for a long time,as I have little trust in so many operaters.I know who the good operaters are as do you,and I know who the rip off artists are.Just talk to the drivers.
I hope this is a break though year,that freight runs heavy,and we have profits coming out our ears.Hatchet burried.

 

[cheri1122]

I don't think I have the knowledge base that some of you have on the issues here, but that never stopped anyone from giving their opinion before, so here goes:
Many past presidents had ties to many industries, but - the mega-corporations (oil, banking, insurance, pharmaceuticals, etc) have taken campaign contributions & lobbying to the point of buying favorable legislation. That makes this a country where the laws are "of, for, & by" the corporations, not the people. We have ALL been betrayed by the greed of politicians.
Biodiesel, solar, & wind power are the best way out at our current level of knowledge, but it requires the commitment of the government to make it happen, & this government isn't going to do it. As for the NIMBY problem, isn't renewable energy a much more appropriate use of eminent domain than more "upscale living & shopping" complexes?
I believe our country would be far better if more attention were paid to what our leaders are doing to leave it a better place than they found it, (which should be every leader's goal, I think), and less attention were paid to thier sex lives. But since y'all brought it up, Clinton was not so bad - other presidents have had girlfriends, mistresses, even illegitimate children, & they were not considered unfit to lead the country. A marriage is between the people in it to manage, no one else.
Finally - I personally think that because Bill Clinton valued his wife's intelligence, he was a far smarter man than most who occupied the White House. That goes double for the current occupant, whose wife is a lovely lady, but looks an awful lot like a "Stepford Wife" to me. (Don't even say "Condoleeza", either - every time she opens her mouth I'm looking for ##### Cheney's hands pulling the strings!)
Now, if Bush chose Oprah to be Secretary of State, I bet things would get done!
}> Cheri

 

[greg334]

I echo the sentiments of RichM on another thread, EO may need a political section of the forum, and I think voicing our opinion about political issues that directly and indirectly affect all of us on the political level is a very good thing.

My post is going to be another of my get involved c**p I have said before, so what can I say, I am passionate about our country.

Regardless who is in office, the problems have always been the same, energy is needed to run our world. Clinton had his chance, he didn’t do a thing except give us more restrictions in our world (he wasn’t that smart), Carter caused a lot of the problems we have today (and got a prize for ruining our country) and all the others, both republican and democratic have had chances but failed us miserably.

The same people (meaning groups) who complain about the greed and corruption of the administration in office, a war they don’t understand, about a president who has really made some good changes and of specific people who have been elevated to positions where ten years ago would not happen (meaning Ms. Rice and Mr. Powell as two of many examples) are the same people who have hidden agendas and are as greedy if not more greedy and corrupt as the people who they complain about.

Remember it is not the administration that matters; it is the representative from your state and area that matters. The president can’t work without them and it is they who make the laws and actually spend the money. As simplistic as I make it sound, it really and truly is. The problem is that unless you VOTE new people in (look John Conyers has been in office for 50 years, disgusting) things won’t change. If you want changes, the same system is still there that we were given over 213 years ago, start with you vote, with your representative. Don’t sit there and complain about an issue, get involved.

 

[tallcal101]

Smart? Greg,as I recall,W was a C- cheerleader at Harvard.
Clinton was a Rhote Scholor
Where do you get this stuff man?
By the way,I was mistaken about Exxon Mobils profits,they were $36 Billion,not $10 Billion.
W's remarks during his State of the Nation(joke)was that"it's a free market".As if he would kmow,his gas company went bust!!Then Bin Laudins Daddy bailed him out!Open your eyes man.
Arlin Spector(one of your guys) has called for an investigation into oil profits and price gouging during Katrina.

 

[tallcal101]

Excellent post,your have much insight.Please post more until they shut this thread down.