25 replies to this topic

[JHEIII874T5M]

http://www.usatoday.com/money/industries/e...earn-usat_x.htm

Projected growth- Third-quarter earnings growth is expected to be huge for energy-related companies.
Drilling 194.8%
Equipment and services 63.4%
Integrated oil and gas 54.5%
Exploration and production 84.9%
Refining and marketing 141.3%

Source: Standard & Poor's/USA Today

[NINSXTEVAGN]

http://www.usatoday.com/money/industries/e...earn-usat_x.htm

Projected growth- Third-quarter earnings growth is expected to be huge for energy-related companies.
Drilling 194.8%
Equipment and services 63.4%
Integrated oil and gas 54.5%
Exploration and production 84.9%
Refining and marketing 141.3%

Source: Standard & Poor's/USA Today

What should we expect when profits are the new religion. When clinton sign for no drilling for new oil platforms it was in nature areas. Where if there was an oil leak it would kill alot of wildlife. Also more refineries where proposed but big oil companies didnt want that because then gas prices would go down. Any natural disasters help drive up the prices. It might be true or it might be lies. Well I blame bush because didnt he say there was wmd. I reality I thought we was getting the oil? ISNT AMERIKA GREAT HAVE A WONDERFULL DAY.

[bottlecap]

the supply of crude is not (yet) the problem. the bottle neck has always been the refining. in fact opec tries to keep oil prices low to keep the demand for alternative energies down.

i read that only about 10% of the u.s. refining capacity was disrupted as a result of the hurricanes. thus the price increases must be coming from other sources.

my father works for the new york state lottery and deals with gas station owners everyday. there's a trend going on where the large oil companies are charging more and more for the franchise rights and for rent and the gas itself. many station owners are not making a profit on the gas, and things like coffee and lotto are what keeps them in business. i suspect that many owners saw the hurricane as a chance to jack up prices and make some profit.

the bottom line is that the large oil companies have more then doubled their profits in the last couple years. i'm talking about return on investment here; real profits. despite all the money they put into exploration and other r and d they're still making double what they were. there's a reason for that. we're all being screwed at the pump.

it's our own fault though. americans are willing to live with these prices, profit or not. maybe if more people knew that the extra buck and a half they're paying now as opposed to a year ago was mostly going into the profit pocket of the oil company they just bought from, they'd demand something be done.

-mike

[EricF]

Wow Joseph... Gas up here is under $3 a gallon for 93.

I've debated this topic too much to talk about it

[the ünderstüdy]

this poli forum sucks!

[JHEIII874T5M]

this poli forum sucks!

put in bigger injectors and rasie the boost... they you can talk stuff