General [M]ayhem

Go Back   General [M]ayhem > Real Time Sub-Forums > The Pit
Register Members List Mark Forums Read [M]erchandise Calendar

Reply
 
Thread Tools
Postal Blowshit
Postal Blowfish
Yo baby, you ever had your asshole licked by a fat man in an overcoat?
 
HOLY...LIVING... FUCK...

the motherfucking moon, over
__________________
TheMorlock: "Dubya made Saddam hide WMD in 1992 so we could find it in 2006 and support the war in iraq."
Old 02-01-2007, 06:53 PM Postal Blowshit is offline  
Reply With Quote
#76  

Advertisement [Remove Advertisement]

dvq
Berticus and wigglesworth are my bitches. But im Pidge's Bitch.
 
dvq's Avatar
 
Quote:
Originally Posted by riffraff View Post
I dont understand why the ceo doesnt commit somewhat to philanthropy..why wouldnt you want to help out the earth and civilization with so much money. he could possibly help fix the problems theyve somewhat helped out in making, such as global warming..
or fund schools so people can figure out how to help out
do something at least..
jesus h christ

The first responsibility of Exxon is to it's shareholders.
Old 02-01-2007, 07:02 PM dvq is offline  
Reply With Quote
#77  

dvq
Berticus and wigglesworth are my bitches. But im Pidge's Bitch.
 
dvq's Avatar
 
Quote:
Originally Posted by IhatecolumnsIhatecolumnsIhatecolumnsIhatecolumnsIhatecolumns Ihatecolumns View Post
For thoes of you who don't want to do the math, that's more than a 10% profit margin. That's much higher then the corporate average of 4%-5%.

The corporate average is NOT 4-5%
Old 02-01-2007, 07:13 PM dvq is offline  
Reply With Quote
#78  

2slow
Whatsisname
I'm a pederast. 12yr old boys turn me on!
 
2slow's Avatar
 
They are going to use that money likely to do the following:

pump more oil from more places
research other energy gathering techniques.

Oil companies are not strictly "oil companies", they are energy companies. If there is money to be made is some other form of energy, they are going to be researching it.

Quote:
Originally Posted by riffraff View Post
I dont understand why the ceo doesnt commit somewhat to philanthropy..why wouldnt you want to help out the earth and civilization with so much money. he could possibly help fix the problems theyve somewhat helped out in making, such as global warming..
or fund schools so people can figure out how to help out
do something at least..
jesus h christ
__________________
DESU DESU DESU DESU DESU
DESU DESU DESU DESU DESU
DESU DESU DESU DESU DESU
DESU DESU DESU DESU DESU
DESU DESU DESU DESU DESU
DESU DESU DESU DESU DESU
DESU DESU DESU DESU DESU

RMS of the [M] GNU\Linux Krew 2006
Old 02-01-2007, 07:24 PM 2slow is offline  
Reply With Quote
#79  

wr3kt
areyouserios.com
 
wr3kt's Avatar
 
Quote:
Originally Posted by 2slow View Post
They are going to use that money likely to do the following:

pump more oil from more places
research other energy gathering techniques.

Oil companies are not strictly "oil companies", they are energy companies. If there is money to be made is some other form of energy, they are going to be researching it.

This is a huge point. Oil companies will go to where the energy is profitable.
I bet in the next century people will be complaining about the monopoly/oligopoly/cartel on the hydrogen/nuclear/wind/solar energy companies. It's always going to be this way for energy because everyone needs energy.
__________________
I used to have cool signatures.
Old 02-01-2007, 07:55 PM wr3kt is offline  
Reply With Quote
#80  

MrJohnson
 
MrJohnson's Avatar
 
Quote:
Originally Posted by danvuquoc View Post
The corporate average is NOT 4-5%

That's fine, it's just something my economics professor told me last year I really have no proof.
__________________
HDDVD

09 F9 11 02 9D 74 E3 5B D8 41 56 C5 63 56 88 C0
09 F9 11 02 9D 74 E3 5B D8 41 56 C5 63 56 88 C0
09 F9 11 02 9D 74 E3 5B D8 41 56 C5 63 56 88 C0
09 F9 11 02 9D 74 E3 5B D8 41 56 C5 63 56 88 C0
Old 02-01-2007, 08:32 PM MrJohnson is offline  
Reply With Quote
#81  

SemperFly
 
SemperFly's Avatar
 
Quote:
Originally Posted by Trachei View Post
they can control prices by pumping less and/or not developing further resources. If I'm making a product and I keep supply the same with growing demand then I am controlling prices. They can control prices indirectly.



They cannot control the prices. Period.


edit: wow, nevermind. dooley handed the dingbats their asses on a silver platter in this thread

Last edited by SemperFly; 02-01-2007 at 09:02 PM.. Reason: the pit needs more econ majors
Old 02-01-2007, 08:56 PM SemperFly is offline  
Reply With Quote
#82  

SemperFly
 
SemperFly's Avatar
 
Quote:
Originally Posted by It's Not My Baby View Post
If 10% Profit Margin causes them to ring up a total of $39,500,000,000.00, then you mean to tell me then wouldn't do just well with a 5% Profit Margin?

For starters they have no requirement to do so but even if they did where do you think the money for better processing, storing and transporting of petroleum comes from?
Old 02-01-2007, 09:04 PM SemperFly is offline  
Reply With Quote
#83  

Trachei
 
Trachei's Avatar
 
Quote:
Originally Posted by FlyArmy View Post


They cannot control the prices. Period.


edit: wow, nevermind. dooley handed the dingbats their asses on a silver platter in this thread

you're an idiot. Read my posts

http://www.genmay.com/showpost.php?p...9&postcount=53

and my others
Old 02-01-2007, 09:42 PM Trachei is offline  
Reply With Quote
#84  

SemperFly
 
SemperFly's Avatar
 
Quote:
Originally Posted by Trachei View Post
you're an idiot. Read my posts

http://www.genmay.com/showpost.php?p...9&postcount=53

and my others

You're an idiot if you think that one link in a massive chain of events can control the price of the largest and most fickle market civilization has ever created.
Old 02-01-2007, 10:01 PM SemperFly is offline  
Reply With Quote
#85  

mathlete
I'm the cheapest person on this planet, maybe the universe.
 
mathlete's Avatar
 
Quote:
Originally Posted by FlyArmy View Post
You're an idiot if you think that one link in a massive chain of events can control the price of the largest and most fickle market civilization has ever created.

Can you please explain to me (again possibly) why competition doesn't drive down prices? Is it because the companies are all operating at capacity already and no one new can break into the market?
__________________
"Sex and physics are a lot alike; they both give practical results but that's not why we do them."
Richard Feynman - physicist, bongo drummer

4/7/2009 mathlete became Dr. mathlete
Old 02-01-2007, 10:28 PM mathlete is offline  
Reply With Quote
#86  

Trachei
 
Trachei's Avatar
 
Quote:
Originally Posted by FlyArmy View Post
You're an idiot if you think that one link in a massive chain of events can control the price of the largest and most fickle market civilization has ever created.

wow, you just have no reading comprehension.
Old 02-01-2007, 10:45 PM Trachei is offline  
Reply With Quote
#87  

Rang3find3r
sabercat tamer
 
Rang3find3r's Avatar
 
Haven't read the thread, don't care if it has been said before, I will say it again, for all the idiots out there who don't get it:

If you don't like the price of a product, DON'T FUCKING BUY IT. PERIOD.

That is your ONLY option. No, bitching about it on forums is not going to get you what you want. No, you have no right to bitch about the price of a product that nearly every single person in the US could EASILY use far less of, even though they choose not to. No, your stupid argument that you will try to come back with does not work. You know why? Because no matter how expensive gas gets, YOU WILL PAY IT. Prices will continue to rise until you stop paying it.

We clear yet?
Old 02-01-2007, 10:53 PM Rang3find3r is offline  
Reply With Quote
#88  

Tom Kazansky
911 Was an Inside Job. Bush is traitor like Prescott Bush
 
Tom Kazansky's Avatar
 
Quote:
Originally Posted by wr3kt View Post
...

Christ...

Exxon doesn't control oil prices, they simply refine it. They DO reap rewards of the MARKETS that set the price. They simply either refine less or more depending on demand. Again...they don't control prices.

OPEC in the past intentionally cut supply to drive up the price. I wouldn't for a second think Exxon wouldn't do the same thing.

Quote:
Originally Posted by wr3kt View Post
No they don't. If the price is high, you can bet your sweet ass they're going to churn out as much gasoline and refined natural gas as possible. They'll naturally refine less when the price is lower because that implies there is less demand and they will see a lower margin.

Ok, think about what you just said. Lower demand means they will churn out less, but it's relative to what they supply. If the price is high, and they start pumping out oil like it's what all the cool kids are doing these days, then the price is going to naturally drop. Simple economics. Thus, if Exxon, OPEC, or whoever set up a cartel and collectively cut supply, they can artificially drive up the price.
__________________
ERTW - Engineers Rule The World

Last edited by Tom Kazansky; 02-01-2007 at 11:10 PM..
Old 02-01-2007, 11:05 PM Tom Kazansky is offline  
Reply With Quote
#89  

Tom Kazansky
911 Was an Inside Job. Bush is traitor like Prescott Bush
 
Tom Kazansky's Avatar
 
Quote:
Originally Posted by ChaosPhoenix View Post
Profit != Profit Margin

http://en.wikipedia.org/wiki/Profit_margin

Exxon's profit margin was only ~10%

That's what people never mention when discussing oil company profits.
__________________
ERTW - Engineers Rule The World
Old 02-01-2007, 11:08 PM Tom Kazansky is offline  
Reply With Quote
#90  

Reply


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump



All times are GMT -7. The time now is 06:50 AM.



Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.