"Gigantic oil companies generally do not enjoy the best PR.

Pick your poison: Oil companies have caused tanker spills, proposed drilling into the Arctic wildlife ranges, crafted ties to shady nations and meddled in the affairs of others, and produced products that pollute.

Now, even as high gasoline prices continue to anger motorists and aggravate financial problems at General Motors Corp. and Ford Motor Co., the oil companies have begun to report record quarterly profit. Yesterday, British energy giant BP PLC reported a $6.53 billion third-quarter profit, up from $4.87 billion in the same period last year. And tomorrow, analysts expect Exxon Mobil Corp. to show that it earned nearly $9 billion over the past three months -- the largest corporate quarterly profit ever.

To deflect the damage, the energy industry is relying on an ad campaign that was escalating even before hurricanes Katrina and Rita blitzed Gulf Coast petroleum refineries. The print and television ads are designed to educate consumers and lawmakers with a "we're all in this together (http://www.washingtonpost.com/wp-dyn/content/article/2005/10/25/AR2005102501655.html)" tone."

*

.......And, still, the Bush-admin insists they need tax-cuts & SUBSIDIES???!! (http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2005/04/22/MNG45CDDBS1.DTL) :eek:

It appears part of the problem stems from Big Oil rolling around in their profits
(reinvesting in themselves & bonus to CEOs..great for stock holders btw) and not expanding exploration and production efforts.
..find oil..
..pump oil..
..build pipelines..
..refine oil..
There hasn't been a new refinery built in 30 years.
The oil companies want the Government to ignore/relax environmental restrictions before they commit.
So we are stuck importing product in competition with high demand countries like China.

Another question is why do these companies with record breaking profits continue to
recieve tax breaks when the deficit created by this administration is also at a record high?

the basics are lost..
what happened to right or wrong,
good vs evil ?

big oil (http://www.businessweek.com/magazine/content/05_39/b3952049.htm)

Originally posted by jim's op/ed
It appears part of the problem stems from Big Oil rolling around in their profits
(reinvesting in themselves & bonus to CEOs..great for stock holders btw) and not expanding exploration and production efforts.
You noticed that, too, huh? :rolleyes:

Originally posted by jim's op/ed
Another question is why do these companies with record breaking profits continue to
recieve tax breaks when the deficit created by this administration is also at a record high?
.....All-the-while their apologists keep bitchin' & complainin' about how other countries' version of Socialism/market-protection is (somehow) responsible for all the World's ills. :rolleyes:

what is the deal with gas prices up and down at the pumps like the movement of stock ticker?
:confused:
If they paid X amount for the last tanker to fill, then why doesn't the price stay the same until they have to fill again?
It never used to be like this..
up, down, up up up, down..
What happened to fair trade?
The Government monitors many unimportant things in many areas, so why not this blatent price gouge at the pump?
:hitout:

mo' money, mo' money, mo' money..
when all else fails, follow the money..

Originally posted by jim's op/ed
what is the deal with gas prices up and down at the pumps like the movement of stock ticker?

Oil is a commodity.

Originally posted by jim's op/ed
If they paid X amount for the last tanker to fill, then why doesn't the price stay the same until they have to fill again?

Because if they didn't raise the price, they wouldn't have enough money to pay for the next load of now more expensive gas. Do you complain when the price drops before the next load of gas arrives?

Originally posted by LionelHutz
Oil is a commodity.
BRILLIANT! I just laughed my ass off at that response!

While I gave Dubbya an "F" fer his Katrina response...



...I guess I might be able ta give him a "D" fer Rita 'n Wilma...




Sorry, Dubbya, that's STILL below "C"-level...



www.as-prez,ya-gotta-remain-above-"c"-level,or-yer...sunk.edu





www.gee,do-i-git-any-Brownie-points-fer-that-joke?.edu




;)

Originally posted by LionelHutz
Oil is a commodity.
Sooo are you stating the obvious and I'm supposed to go.. Duh..?

[i
Because if they didn't raise the price, they wouldn't have enough money to pay for the next load of now more expensive gas. Do you complain when the price drops before the next load of gas arrives? [/B]

No, I don't complain when the price goes down..:@@:

But not the point or an answer to my question..
What is the deal with gas prices up and down at the pumps like the movement of stock ticker?
It never used to be like this..

Let's say they buy 10,000 gallons @$2 a gallon. Sell it for $2.50 a gallon.
Next time fill it for $2.50 ea and sell it for $3..and so on..
Not just up, down, up, down..
I have seen places change the price in the morning and again in the evening.
I don't understand why this now accepted as the norm.

Maybe I'm just thick but I did know it was a commodity..;)

When the price of oil/bbl goes down on the commodities market, we're told it takes 6 months for that drop to show up at the pump.

But when the price goes up, we see it at the pump in 6 minutes.

Originally posted by Lungdop Philing
When the price of oil/bbl goes down on the commodities market, we're told it takes 6 months for that drop to show up at the pump.

But when the price goes up, we see it at the pump in 6 minutes.

Exactly..
And feels like a gouge..:hitout: