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They sell oil,you realize oil in some form is in like 80% of EVERYTHING we use right?
If gas was the profitable then why is Mobil selling off a lot of their gas stations? |
BTW, Exxon's profit margin was 9% last year...and guess what? They made over double selling crude oil compared to gasoline last quarter. They "produce" and sell more gasoline than what they sell in crude but the profits are much, MUCH greater in crude sales.
$5.6 billion(crude sales) compared to $2.4 billion(gasoline sales)...but then again all of these evil companies make their money in gasoline. :lol: The company returns most of its profit to shareholders, distributing about $40 billion in 2008 in the form of share buybacks and dividends(which is good is it not considering a ton of 401K's are locked into companies like this). |
...and another thing :rofl: No one bitches about Walmart's profits do they? No one cares that they treat their employees like absolute pond scum, screwing them out of overtime, paying them **** wages, making health insurance damn near unobtainable for low level employees, making their Chinese factory workers work insane hours in horrible conditions..
No, no one cares because they're getting stuff cheap. Corporate profits only seem to catch headlines when it effects someone. If things are cheap(and oh so safe with lead paint) no one cares... |
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I had a little over a 1/4 tank left in my LS1.... $30 to fill it on Sunday!
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man frosty took some people to school too. i wonder if he had to stop at the gas station to help them record RECORD profits.
rofl complain all you want at 4 bucks a gallon. THATS STILL ALMOST TRIPLE THE AMOUNT OF GAS THAT EUROPEANS GET FOR THE SAME AMOUNT. freaking rediculous how dumb americans are. wah wah wah i want 1.50 a gallon gas. guess what? if you get that americans consume the gas quicker than usual and then guess what happens? demand goes up. then guess what goes up? price. then it goes up until people start to use their gas rationally and not just driving around for no reason. then guess what happens? demand goes down. and the supply goes up. causing prices to lower. its a vicious cycle:nod: |
Gas prices are just a small part.
They are oil companies, they make money on everything related to oil. |
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