Super Genius
Posts: 1,274 
October 28th, 2005, 12:34 PM
http://www.latimes.com/business/la-1...ck=1&cset=true
"It is the cost of crude that is driving these gasoline prices"
- is what we heard over and over during the summer of sky-hi gas prices.
So, if the gas is $1/L and crude is the reason, would the oil companies not be paying so much for crude that the 'refined-gas profit margins' are either squeezed or the same.
No, Exxon makes its money BY SELLING CRUDE. Thats where this ""largest ever quarterly profit of any corporation of all time" came from, $9.9Billion dollars [in just three months!!!!!!].
Futures markets for crude went high, bidding was afraid of supply problems so they bought what they could nop matter the price. Exxon , and other crude producers, got that high price.
We paid for it.
It was speculative, not an "essential" price rise, not from markets and supply and so on.
It was a bidding war set up on purpose by BushCo to allow Exxon and others to gain from it, this pri ce war was just based on speculation, it was almost merely optional.
They can take money from the poor and middle class anytime they want to. There is more tricks like this to use.
It is collusion, conglomerate practise, conspiracy, and certainly immoral. But it is only a problem if they get caught and the fines are higher than the profits they made. No fine would ever be as high as a billion dollars, and not $9.9billion, and it is not likely that anyone would go to jail over it...
Increasing disparity of incomes between the rich and poor was shoved along the road another step towards complete slavery with this quarterly profit.
http://www.latimes.com/business/la-1...ck=1&cset=true
"It is the cost of crude that is driving these gasoline prices"
- is what we heard over and over during the summer of sky-hi gas prices.
So, if the gas is $1/L and crude is the reason, would the oil companies not be paying so much for crude that the 'refined-gas profit margins' are either squeezed or the same.
No, Exxon makes its money BY SELLING CRUDE. Thats where this ""largest ever quarterly profit of any corporation of all time" came from, $9.9Billion dollars [in just three months!!!!!!].
Futures markets for crude went high, bidding was afraid of supply problems so they bought what they could nop matter the price. Exxon , and other crude producers, got that high price.
We paid for it.
It was speculative, not an "essential" price rise, not from markets and supply and so on.
It was a bidding war set up on purpose by BushCo to allow Exxon and others to gain from it, this pri ce war was just based on speculation, it was almost merely optional.
They can take money from the poor and middle class anytime they want to. There is more tricks like this to use.
It is collusion, conglomerate practise, conspiracy, and certainly immoral. But it is only a problem if they get caught and the fines are higher than the profits they made. No fine would ever be as high as a billion dollars, and not $9.9billion, and it is not likely that anyone would go to jail over it...
Increasing disparity of incomes between the rich and poor was shoved along the road another step towards complete slavery with this quarterly profit.
Time Out
Posts: 4,194
Location: Vancouver
Location: Vancouver
November 10th, 2005, 07:55 PM
I heard something on the news that the republicans would not make the executives swear in?
I see they deny gouging thouh. ha ha thats funny.
Link
I heard something on the news that the republicans would not make the executives swear in?
I see they deny gouging thouh. ha ha thats funny.
Link
Super Genius
Posts: 1,274
December 22nd, 2005, 05:59 PM
http://tinyurl.com/7gvta
"the Alaska Gasline Port Authority alleged that a series of illegal agreements and acquisitions by the companies has choked the flow of the state's vast gas reserves."
K - When Big Business is allowed to rig markets, they will call it "free market capitalism" - but it is anything but.
What this really is is artificially distorting the market to maximize profits, and bleed consumers dry.
But its oh so much more when the USA is "at war" to secure it oil supply!!! These are real-life consequences for both consumers paying high prices, and for dead Iraqis and USA soldiers and all the rest of the baggage that comes with war...
Think of it - the BushCo cabal invaded Iraq for oil yet there is a supply of natural gas sitting "warehoused", unused, in Alaska. This is not nat gas that the State of Alaska wants to keep, they want it moved and sold NOW ; its the corporate ones in Alaska who are finding novel ways to keep it from flowing. One is oil, the other is nat. gas, but its all part of the same picture I think.
Lesser supply means greater prices.
And thats it.
"War, what war, our profits are all that matters." [corporate oil]
http://tinyurl.com/7gvta
"the Alaska Gasline Port Authority alleged that a series of illegal agreements and acquisitions by the companies has choked the flow of the state's vast gas reserves."
K - When Big Business is allowed to rig markets, they will call it "free market capitalism" - but it is anything but.
What this really is is artificially distorting the market to maximize profits, and bleed consumers dry.
But its oh so much more when the USA is "at war" to secure it oil supply!!! These are real-life consequences for both consumers paying high prices, and for dead Iraqis and USA soldiers and all the rest of the baggage that comes with war...
Think of it - the BushCo cabal invaded Iraq for oil yet there is a supply of natural gas sitting "warehoused", unused, in Alaska. This is not nat gas that the State of Alaska wants to keep, they want it moved and sold NOW ; its the corporate ones in Alaska who are finding novel ways to keep it from flowing. One is oil, the other is nat. gas, but its all part of the same picture I think.
Lesser supply means greater prices.
And thats it.
"War, what war, our profits are all that matters." [corporate oil]
