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#430421 - 04/24/08 11:47 AM Big Oil.. damn
B-RUN STEELY Offline
River Nutrients

Registered: 02/08/00
Posts: 3322
Loc: IDAHO
For the stock savvy.. Check this out.. wow..

Thats profit for 1 quarter for the third largest.. can only imagine what Exxon will announce. Its pretty staggering that with all the perceived shortages, this kind of profit is being realized.

http://money.aol.com/news/articles/_a/conocophillips-1q-profit-up-17-pct-on/n20080424094609990039
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#430428 - 04/24/08 12:05 PM Re: Big Oil.. damn [Re: B-RUN STEELY]
j 7 Offline
Repeat Spawner

Registered: 02/09/07
Posts: 1422
Loc: Your monitor
yeah......it sucks!
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For some of us, a bad day of fishing is a bad day at work.

j7 2012

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#430439 - 04/24/08 12:33 PM Re: Big Oil.. damn [Re: j 7]
Mikespike Offline
MPD

Registered: 01/02/08
Posts: 2565
Loc: Santa Rosa, CA
"Although we delivered solid financial results during the first quarter, unplanned downtime negatively impacted our performance," Jim Mulva, ConocoPhillips' chairman and chief executive, said in a statement.

In plain language - "we reamed the public and made obscene profits by closing our refineries to create a shortage of gasoline and drive up prices even further."
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Don't believe everything that you think.

"Holy hell son, you're about as useful as a cock flavored lollipop."

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#430457 - 04/24/08 12:59 PM Re: Big Oil.. damn [Re: Mikespike]
Jerry Garcia Offline



Registered: 10/13/00
Posts: 9160
Loc: everett
There is NO gas shortage.
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would the boy you were be proud of the man you are

Growing old ain't for wimps
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#430459 - 04/24/08 01:03 PM Re: Big Oil.. damn [Re: Jerry Garcia]
Mikespike Offline
MPD

Registered: 01/02/08
Posts: 2565
Loc: Santa Rosa, CA
JG!

"Daily production in the most-recent quarter averaged 1.79 million barrels of oil equivalent a day, down from 2.02 million barrels a year ago."

Not saying there is a shortage, because there isn't - I'm saying they reduce supply to justify charging more. Basically, they have us coming and going.
_________________________
Don't believe everything that you think.

"Holy hell son, you're about as useful as a cock flavored lollipop."

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#430460 - 04/24/08 01:10 PM Re: Big Oil.. damn [Re: Mikespike]
Irie Offline
River Nutrients

Registered: 11/26/06
Posts: 4358
Loc: South Sound
Further reason to nationalize or at least regulate the energy cartels.

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#430504 - 04/24/08 04:34 PM Re: Big Oil.. damn [Re: Irie]
skydrifter Offline
Smolt

Registered: 09/15/00
Posts: 90
Loc: Monroe, WA
Look who is in the White House and oil is at 120.00 barrel .I think every oil well in Texas is pumping today and Bush and his buddies are lining their pockets.

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#430528 - 04/24/08 05:20 PM Re: Big Oil.. damn [Re: skydrifter]
j 7 Offline
Repeat Spawner

Registered: 02/09/07
Posts: 1422
Loc: Your monitor
 Originally Posted By: skydrifter
Look who is in the White House and oil is at 120.00 barrel .I think every oil well in Texas is pumping today and Bush and his buddies are lining their pockets.



Puppets are on strings dude!
_________________________
For some of us, a bad day of fishing is a bad day at work.

j7 2012

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#430599 - 04/24/08 08:31 PM Re: Big Oil.. damn [Re: j 7]
Steelheadman Offline
River Nutrients

Registered: 03/15/99
Posts: 4214
Loc: Poulsbo, WA,USA
George and Dick are laughing all the way to the bank.
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I'd Rather Be Fishing for Summer Steelhead!

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#430850 - 04/26/08 04:07 AM Re: Big Oil.. damn [Re: ]
Oregonian Offline
Three Time Spawner

Registered: 03/17/05
Posts: 1799
You know how to buy stocks don't you ?

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#431025 - 04/27/08 03:28 PM Re: Big Oil.. damn [Re: skydrifter]
FishBear Offline
Returning Adult

Registered: 11/06/05
Posts: 401
Loc: Western Washington
 Originally Posted By: skydrifter
Look who is in the White House and oil is at 120.00 barrel .I think every oil well in Texas is pumping today and Bush and his buddies are lining their pockets.


Yep... its payday boys.
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You're welcome America!

George W. Bush

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#431046 - 04/27/08 06:47 PM Re: Big Oil.. damn [Re: ]
wntrrn Offline
River Nutrients

Registered: 01/13/03
Posts: 2665
Loc: Edmonds
$27 per gallon when HE took office and $120 now? Not saying it's HIS fault, but maybe HE hasn't helped the situation.

I'm sure a war with Iran would help. Probably won't help you or me but will cetainly help those with defense contracts. Capitalism at it's finest (most corrupt)!


Edited by wntrrn (04/27/08 06:50 PM)
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#431119 - 04/27/08 10:08 PM Re: Big Oil.. damn [Re: ]
sodfarmer Offline
Returning Adult

Registered: 03/10/05
Posts: 302
Loc: sleeping in my duck blind
High prices are only going to hurt not help, I can not go back to farming with horses ,I need fuel to stay in business and I need cheap fuel ! What needs to happen is , people need to stop buying huge suv's and start driving smaller cars and start looking at ways to conserve . high oil prices also mean high fertilizers cost which means higher food costs but what the heck we can just import more food from other countries they have low cost fertilizer ( Human Poop ) Then we will all die from e-coli, Problem solved

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#431489 - 04/29/08 11:46 AM Re: Big Oil.. damn [Re: ]
Irie Offline
River Nutrients

Registered: 11/26/06
Posts: 4358
Loc: South Sound
 Originally Posted By: AuntyM
I'd forgotten how much I dislike an "arrogant for no apparent reason" cowardly and spoiled punk that he is.


It's the "Born on third, but thinks he hit a triple" mentality.

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#431513 - 04/29/08 02:28 PM Re: Big Oil.. damn [Re: Irie]
stlhead Offline
River Nutrients

Registered: 03/08/99
Posts: 6830
Hankster, show me where we are preventing the building of new refineries.

"The price of crude is factored by demand...period"

It's factored by supply which is manipulated by the likes of OPEC.
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"You learn more from losing than you do from winning." Lou Pinella

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#431515 - 04/29/08 02:28 PM Re: Big Oil.. damn [Re: Irie]
stever in everett Offline
Spawner

Registered: 03/17/99
Posts: 783
Loc: Everett, WA USA
The low value of the US $ is the biggest factor in today’s oil prices. Don't forget that during G W's reign our dollar has lost nearly 32 % of it's value on the world market based on GDP per capita. In the mean time inflation has gone up over 25%. Oil is traded in US $ so the price has to rise as our dollar falls. It would seem more stable if oil was traded in Euros but it would still have gone up in US dollars. Oil is a commodity that is traded on the open market and its' price is driven by demand. Use less and the demand goes down and prices go down. Unfortunately we are not the only ones using oil and demand on the world market is not going to go down. Until we either find a cheaper alternative or oil prices rise to the point that currently more expensive alternatives will be cheaper than oil, prices will continue to rise.
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"Even if you are on the right track, you'll get run over if you just sit there." Will Rogers

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#431516 - 04/29/08 02:31 PM Re: Big Oil.. damn [Re: stever in everett]
stever in everett Offline
Spawner

Registered: 03/17/99
Posts: 783
Loc: Everett, WA USA
On a side note if we had spent half the amount on research and development of alternative fuels as we have on the war in Iraq we wouldn't need to buy oil from OPEC by now.
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"Even if you are on the right track, you'll get run over if you just sit there." Will Rogers

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#431517 - 04/29/08 02:37 PM Re: Big Oil.. damn [Re: stever in everett]
John Lee Hookum Offline
River Nutrients

Registered: 10/12/01
Posts: 2505
Loc: Area 51
 Originally Posted By: stever in everett
On a side note if we had spent half the amount on research and development of alternative fuels as we have on the war in Iraq we wouldn't need to buy oil from OPEC by now.


That's true! Amazing but true!
_________________________

Whoever undertakes to set himself up as a judge of
Truth and Knowledge is shipwrecked by the laughter
of the gods.

-- Albert Einstein



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#431518 - 04/29/08 02:41 PM Re: Big Oil.. damn [Re: John Lee Hookum]
stever in everett Offline
Spawner

Registered: 03/17/99
Posts: 783
Loc: Everett, WA USA
_________________________
"Even if you are on the right track, you'll get run over if you just sit there." Will Rogers

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#431559 - 04/29/08 06:37 PM Re: Big Oil.. damn [Re: ]
B-RUN STEELY Offline
River Nutrients

Registered: 02/08/00
Posts: 3322
Loc: IDAHO
 Originally Posted By: Hankster
Also, try to remember that Big-Oil makes a profit of 6% on their investment. The reason their profits are so huge is their sales are so huge.


That might need some explaining.. because its B.S - 6% is close to the margin your local Kwiki mart gets for selling you a gallon of gas. They report a whole bunch more than 6% increase in profit every single quarter, let alone annually. The "sales are so huge" because the price is so high.. not because they are selling that much more oil.. your just paying more for it. Sure, China etc is using oil now, but not enough to keep the graphs of cost vs profit vs usage.

The cost of harvesting oil has not increased. The cost to refine oil has not increased. The only things thats increased is the amount you pay for gas and the profits.. which are insane.

On the up side, I was always a guy who really didn't think about paying for the gas on a fishing trip, we just kinda always worked it out. Now days we are worse than 8 women trying to split up a lunch tab.. the calculators come out.
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