Why Are Gas Prices Going Up While Oil Keeps Falling?

[rushmc 23]

I do not have a damned dime in Exxon that I know of. For certin not directly. But the evil profits corps make bs has to be called for what it is. So consider this

http://seekingalpha.com/article/63131-exxon-s-2007-tax-bill-30-billion

and by the way, the ROI earned over some years is way less than 37%

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[Amazon 7]

Quote

I do not have a damned dime in Exxon that I know of. For certin not directly. But the evil profits corps make bs has to be called for what it is. So consider this

http://seekingalpha.com/article/63131-exxon-s-2007-tax-bill-30-billion

and by the way, the ROI earned over some years is way less than 37%

Sucks to be you

[billvon 3,116]

>I answered your misleading question in a truer fashion than you asked it.

OK, so when you ask it it's an honest question. When I ask it it's a misleading question. The Rush Blinders are firmly in place tonight.

>10 to 12% ROI

OK. So you are opposed to their current ROI of 37%? I expect you'll be calling your congressman to ask him to tax Exxon down to an acceptable ROI then!

[kelpdiver 2]

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I do not have a damned dime in Exxon that I know of. For certin not directly.

Unless you have no retirement or investment assets to speak of, it's pretty hard not to have a chunk of Exxon. It's a tad over 5% of any cap weighted S&P500 funds, and a bit less if it's a total market index.

The only way to avoid would be the social value funds, and those haven't paid out so well.

[Para_Frog 1]

Am I the only one who got side-tracked after reading this article by the SI.com swimsuit pics of Danica Patrick?

- Harvey, BASE 1232
TAN-I, IAD-I, S&TA

BLiNC Magazine Team Member

[Remster 30]

This thread reads like a twilight zone episode...

Remster

[TheBachelor 5]

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All we all need to remember is,

Profit bad

Government mandated price controls good.

At least those that support billvons wind generator that is.

Market forces be fucked..........

Exactly. What people don't seem to understand is THER'S NOTHING WRONG with making a profit, even if it was 100% ROI, or more. Say I'm selling gumballs, and they cost me 1 cent each. If I want to (try to) sell them for $1 each, then so be it. And if people actually buy them, then great for me. Now if I got all of the gumball sellers together, and we decided that we were all going to raise our prices to $1 per gumball, then that's collusion, which would be illegal.

Now let's not split hairs here and say that we NEED oil, but we don't NEED gumballs. I was just looking for a simple illustration. Also, some may argue that we don't NEED oil and its products, we just choose to use them because of a lack of the lack of economically feasible alternatives. The higher the price of oil goes, the more feasible some of the alternatives are.

/rant

There are battered women? I've been eating 'em plain all of these years...

[billvon 3,116]

>we just choose to use them because of a lack of the lack of economically
>feasible alternatives.

Exactly. And this is why alternatives are so important. What the environment haters often overlook is that the one thing that will _guarantee_ high prices on oil and gasoline forever is a lack of alternatives. The day that a guy can walk onto a car lot and choose a pure electric SUV over a gas SUV is the day that oil company executives will start to panic - and try to reduce prices to keep that customer.