Wish my school trips went here

But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.-Thomas Jefferson

05 March 2008, 07:40

Alberta Canuck

quote:
Originally posted by Alan R. McDaniel, Jr.:
I don't know about the sex shop but I would sure like to find that gas station!

Alan

Yeh man! That's about what they are getting per thinble full around here.

I still don't understand how our politicians can say we aren't getting ripped by the oil companies, when just one of them made over $10 BILLION clear profit in the last fiscal quarter....a record all time high profit.

Normally, when the cost of raw materials goes up, manufacturing profit goes down, but apparently not in the U.S. oil industry.

And before you guys give me a lecture on the oil industry, I was a Director in one of the larger oil companies, and a manager on the Alaska Highway Gas Pipe Line Project, so spare me , please.

05 March 2008, 19:40

Frank Martinez

quote:
I still don't understand how our politicians can say we aren't getting ripped by the oil companies, when just one of them made over $10 BILLION clear profit in the last fiscal quarter....a record all time high profit.

We are the oil companies.
Frank

06 March 2008, 03:05

lhanson8

quote:
Normally, when the cost of raw materials goes up, manufacturing profit goes down, but apparently not in the U.S. oil industry.

And before you guys give me a lecture on the oil industry, I was a Director in one of the larger oil companies, and a manager on the Alaska Highway Gas Pipe Line Project, so spare me , please.

Director of what?

Normally how business works is when cost of raw material goes up so does the cost of the finished product. This is because of a thing called NET RETURN ON INVESTMENT. If your business is not out earning what that money can make in the stock market then you are a poor business man/investor, or don't care about return on investment. Oil companys are publically owned (through stocks) and therefore need to perform for thier stock holders.

If you wish to continue please move it to the Political forum!

06 March 2008, 03:56

Alberta Canuck

quote:
Originally posted by lhanson8:
quote:
Normally, when the cost of raw materials goes up, manufacturing profit goes down, but apparently not in the U.S. oil industry.

And before you guys give me a lecture on the oil industry, I was a Director in one of the larger oil companies, and a manager on the Alaska Highway Gas Pipe Line Project, so spare me , please.

Normally how business works is when cost of raw material goes up so does the cost of the finished product. This is because of a thing called NET RETURN ON INVESTMENT. If your business is not out earning what that money can make in the stock market then you are a poor business man/investor, or don't care about return on investment.
If you wish to continue please move it to the Political forum!

No kidding, Dick Tracy.

But price to the end user doesn't usually simultaneously rise to the point where the company (or industry) makes record profits at the same time their costs are rapidly increasing. For a perfect example of that, take a look at what is currently happening to the food service industry as the costs to them have risen in the last couple of years.

And with that, I'll let YOU take it to the political forum. I don't plan to argue with people who don't recognize when they are being shafted.