These Oil Co. CEO's can eat S#@t

[Hellion]

:devil

Just found some BS Info on Shell Oil,Exxon Oil,and Chevron,alltogether posted over 40 billion dollars in profits.

Thanks for F--king us over even more at the pump.

post your rant,try to be at least civil,but in this matter everyone should have a right to complain.gotta buy gas or you can't make it to work.

[Guest Game of Chance]

This is not news.

Also, I hate to break to you buddy, but its the shareholders that push the CEO's for profits. Yes, the CEO's (and other executives) benefit from profits, but they are hired to do just that, make money.

Like it or not, its capitalism.

As an addendum, as fierce of a capitalist that I am, it does seem like there should be some stimulation of the economy to ease the financial pain of those who are less fortunate.

I'd like to see interest rates come down, that certainly would bring back some liquidity to the marketplace.

[Blackmail]

This is not news.

Also, I hate to break to you buddy, but its the shareholders that push the CEO's for profits.  Yes, the CEO's (and other executives) benefit from profits, but they are hired to do just that, make money. 

Like it or not, its capitalism.

As an addendum, as fierce of a capitalist that I am, it does seem like there should be some stimulation of the economy to ease the financial pain of those who are less fortunate. 

I'd like to see interest rates come down, that certainly would bring back some liquidity to the marketplace.

<{POST_SNAPBACK}>

I'm a fierce capitalist too, which is why I am opposed to the CEO's making this much money. Capitalism will only survive as long as the players buy into the game. Capitalism has built a strong middle class in this Country but the elite are now making the rules instead of the system.

Just becuase you believe in Capitalism doesn't mean you can't also be opposed to greed.

I've often thought that the markets, and not Government, are the best way to solve problems. I am hoping the market responds to Exxon's profits by moving towards alternative fuel sources, mass transportation and anything else that will drive Exxon's profits down.

[ZhukovCodeslinger]

their profits are not that much when you look at the margin and overall revenues...

they have a much lower profit margin than say a pizza place... the oil/gas companies make their money on volume not on price gouging.

I am not all that happy with paying so much. I would rather have a better job than force some kind of artificial cap on the oil market...

[Guest Game of Chance]

I'm a fierce capitalist too, which is why I am opposed to the CEO's making this much money.  Capitalism will only survive as long as the players buy into the game.    Capitalism has built a strong middle class in this Country but the elite are now making the rules instead of the system.   

Just becuase you believe in Capitalism doesn't mean you can't also be opposed to greed.   

I've often thought that the markets, and not Government, are the best way to solve problems.    I am hoping the market responds to Exxon's profits by moving towards alternative fuel sources, mass transportation and anything else that will drive Exxon's profits down.

<{POST_SNAPBACK}>

Again, I hate to constantly be giving econ 101 classes here, but...

People on this site like to argue over ideals without really having a clear sense of how things are actually done.

There is an entity, the Federal Open Market Committee, whose duty is to keep an eye on our economy and fight inflation/stimulate the economy as need be. They really can take one of three actions. They can raise short term interest rates which causes a tightening of liquidity (ie tougher to get a loan, cash is not as freely available) in the marketplace, they can cut short term interest rates which leads to an easing of the liquidity in the marketplace, or they can leave rates exactly the same.

Right now, an easing of liquidity certainly would help. The problem is, they can't let wage growth get out of hand. Add to that the fact that we have a brand spanking new Fed chairman who, "won't let hyper-inflation happen on his watch." Personally, I think its an ego thing.

On to your other point, the market will move to alternative energy as soon as it can figure out how to make money on it. Despite the recent push for ethanol use, we're still several years away from any major changes in our energy use.

[Guest Game of Chance]

their profits are not that much when you look at the margin and overall revenues...

they have a much lower profit margin than say a pizza place... the oil/gas companies make their money on volume not on price gouging. 

I am not all that happy with paying so much.  I would rather have a better job than force some kind of artificial cap on the oil market...

<{POST_SNAPBACK}>

I dunno man...$12 Billion a quarter is $12 Billon a quarter anyway you look at it.

[Blackmail]

Again, I hate to constantly be giving econ 101 classes here, but...

Considering I went way past econ 101, I'm not sure why you think you could.

People on this site like to argue over ideals without really having a clear sense of how things are actually done.

I have an idea that you don't know what I know.

There is an entity, the Federal Open Market Committee, whose duty is to keep an eye on our economy and fight inflation/stimulate the economy as need be.  They really can take one of three actions.  They can raise short term interest rates which causes a tightening of liquidity (ie tougher to get a loan, cash is not as freely available) in the marketplace, they can cut short term interest rates which leads to an easing of the liquidity in the marketplace, or they can leave rates exactly the same. 

This has absolutely nothing to do with oik prices and price gouging.

Now go write this guy and tell him he doesn't know how things work:

http://www.sfgate.com/cgi-bin/article.cgi?...BUGRBK71ND1.DTL

By the way, did you know the CEO of Exxon is making about $17,000 an hour. The average employee at a gas station that sells Exxon oil makes $16,000 per year. That's not to mention Exxon benefits from all sorts of tax loopholes do avoid paying it's fair share to the Government.

Also look at the legal history of Exxon, they've been sued hundreds of times, including by several of thier own customers.

They are not capitalist. They are price gougers. I suppose Enrone was just maximizing profits too?

On to your other point, the market will move to alternative energy as soon as it can figure out how to make money on it.  Despite the recent push for ethanol use, we're still several years away from any major changes in our energy use.

<{POST_SNAPBACK}>

We should be moving further than we are to alternative fuel sources.

[torn asunder]

Despite the recent push for ethanol use, we're still several years away from any major changes in our energy use.

every journey begins with a single step...

[Guest Game of Chance]

I'm not going to take the time to quote you...it really doensn't matter that you were offended by my statement that you don't what you're talking about.

I'll address your issues in three points.

1. I think I can teach people about economics and how the markets work because I do it for a living every day. I'm an institutional bond broker. My clients include several major local governments and universities. Not to mention Money Managers. Yep. The people that others pay to manage their money for them are instructed on where to put it by guys like me. I follow the markets every day, and I know that I understand them better than you.

2. The Fed easing certainly has nothing to do with oil company profits EXCEPT FOR our ability to cope with them financially.

3. Again, we're still several years away from viable alternative energy sources. I'm simply looking at short term solutions until we're there.