E$$onMobil post biggest quarterly profit ever, 14.8 billion

[00Formula]

They can order another war or hurricane...

[dupcla]

Economics 101, if demand goes down prices don't go up.

The other half of that equation is supply... They make less $$ they supply less. Prices go up.

They set their own market. Everybody is ok if they make 15 bazillion or whatever a quarter when gas is at $2 per gallon. We'd all shit blood if they made that and gas was $4 a gallon... oh wait we did.

http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_home_page.html

TCS Defines bandwagon thought...

[sport the war]

Obama wants to drill. I honestly cant think of anything better for the country. we need to stand alone with oil. watch all the princes come over for free health care and EBT.

[yagllarouy]

The other half of that equation is supply... They make less $$ they supply less. Prices go up.

They set their own market. Everybody is ok if they make 15 bazillion or whatever a quarter when gas is at $2 per gallon. We'd all shit blood if they made that and gas was $4 a gallon... oh wait we did.

http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_home_page.html

TCS Defines bandwagon thought...

Intresting as now gas demand is dropping, oil prodcutions is slowing, and yet prices are dropping

[dupcla]

diesel isn't dropping as fast and that's what delivers everything we need and own.

[Max Power]

The other half of that equation is supply... They make less $$ they supply less. Prices go up.

They set their own market. Everybody is ok if they make 15 bazillion or whatever a quarter when gas is at $2 per gallon. We'd all shit blood if they made that and gas was $4 a gallon... oh wait we did.

http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_home_page.html

TCS Defines bandwagon thought...

Yup, while demand is an important factor, it isn't the only factor. When supply is manipulated to prop prices up, people have a legitimate beef.

Of course, it's not with Exxon Mobil, who make a very conservative profit margin.

[OrangeCrush 86]

Oh thanks, I totally forgot about supply!

[Miekk]

Obama wants to drill. I honestly cant think of anything better for the country. we need to stand alone with oil. watch all the princes come over for free health care and EBT.

You're kidding right? He said "he's not opposed to looking into it" That's not drilling...

[CorinthiansBlackGT]

DISCUSS................

Uhm that was off of what? 140 billion in sales? It would seem that some place there is a little overhead.

Oh, yeah... US government profited close to 40 billion....

I don't understand how they turned a profit with oil being 65$ a barrel. Most of the articles I've read or glanced at report the opposite, that oil corps are losing a lot of the value of their companies.

But I guess... Atleast someone is doing good in these shitty times.

[sport the war]

You're kidding right? He said "he's not opposed to looking into it" That's not drilling...

what are you seeing from mccain that's going to help the situation? watch what these jokers are saying and try to draw a conclusion from that. I wouldn't vote for obama or mccain. Im stating the fact that drilling is one of the best ideas I've heard from the dribble. none are pushing for balancing the budget, honest pull out time, what they are going to do about recession. nobody running right now in my eyes is worthy of being a president.

obama biden? has anyone realized biden is repeating obama's bs everytime he's asked a question and not something they're going to do?

mccain and palin? What in the hell kind of card is that? two completely lost people trying to buy an election because they picked up the nod.

[yagllarouy]

diesel isn't dropping as fast and that's what delivers everything we need and own.

yeah not as fast but it is dropping. least around here it has

[yagllarouy]

You're kidding right? He said "he's not opposed to looking into it" That's not drilling...

so true

[Southern]

Im a rocket scientist and never saw this coming. :idiot:

[punch]

I don't get it, why is this is an issue?

Yeah how dare a private company make lots of money for it's shareholders. They are EVIL!

I bet everyone of us who have some kind of retirement account have stock in Exxon through our mutual funds.

[Fosters]

It is kind of funny that oil companies are perceived as bad because we built our infrastructure and society around oil. Because we need it and need a lot of it and it pollutes our environment and kills trees polar bears and duckbilled platypii, it makes oil companies bad

Every time I hit the remote start on my excursion, a polar bear bursts into flame. True story.