1.25.2006

They Could Have At Least Bought Us Dinner Before ....

ConocoPhillips announced today that, for the year, profits jumped to $13.53 billion, up from $8.13 billion in 2004. The increase was based upon an "increase in oil prices". Uh.......yeah.....but do any of these oil companies think about being competive and decreasing their profit margin/percentage? Or do we have an American OPEC among us?

9 comments:

bigcatdaddy said...

WHAT??? Our resident conservative/republican commentators are silent on this one???

Come on...defend your big business buddies. WHAT WAS THAT???? Your silence speaks volumes on this one.

Anonymous said...

Welcome to the good ole' American free market based economy. You can't please anybody.

No matter what price you set something, someone will ALWAYS complain. Regardless if god forbid the oil companies do what they are allowed to do-raise price of oil. It is called making money.

If you own a business, then you know exactly what I am talking about. You are happy when you raise prices and people still buy your product. It may not make the customer happy, but if there is no substitute good then it is a flat market free for business to control price fluctuations within the market.

People seem to not understand what is going on, and say boycotting the oil companies will solve the problem. Go ahead and boycott all you want, you will see the price soar even more.. So what will that solve?

If you want to save on gas, then invest in oil futures. Otherwise if you are financially fortunate to afford a hybrid vehicle get one as soon as possible. Otherwise stay away from SUV's and gas guzzling V8's Wise County!

Anonymous said...

Making a profit is not the issue. Manipulating supplies and markets to the tune of a 60% increase in income, especially of a regulated, essential commodity for daily survival is not just obscene, it's criminal. And don't start the old lone about supply and demand, market dynamics, etc, etc. etc. Enron is the norm, the others just haven't been caught yet. And anyone who believes differently needs proffesional help.

Anonymous said...

10:51 is right on. If you look @ history, ask yourself why, during WW2, did gas and oil prices not shoot up even when the gov. rationed these? Because 1) the gov. was there to SERVE THE PUBLIC, NOT THE CORP.'S, and 2)it was an age where most CEO's were relatively honest and refused to take advantage of "Joe Citizen" even when they had the chance.

bigcatdaddy said...

Amen 10:52 and 10:56....13.53 billion in profits is just plain wrong.

I think we've all been had.

4:26, your argument is lame at best. I understand its a free market and they are allowed to do all that stuff. But, my grandfather always says, "It doesn't hurt you to be nice." I don't think they are being very nice right now.

Anonymous said...

Oil is not essential. It' s not air or water or food. It is only critical to you if you make decisions that allow it to be. By driving, by requiring electricity, etc. You don't need those things, you choose to use them. And you do have a choice, by the way.

Anonymous said...

WINDFALL PROFIT TAX--I think so! And to think, this is not price gouging? Okay, I give..what is?

Anonymous said...

4:26- Your point doesn't hold water. Whatever excuse you make for the oil co's is not good enough. They are GREEDY and have no excuse for the kind of profit margin they have taken in. There is no excuse for that kind of greed. AND 3:53,You're one to talk. It looks like you need to trade in your computer, shut off your power, and go back to the Quaker community you came from.

Anonymous said...

No one is silent bigcatdaddy...seek you another product to purchase if you don't like it. It is stupid to think that liberals/democrats to not buy stock, work for, enjoy profit sharing with, or in many other ways have gain from a variety of industries that reap huge profits. If they do not, it is their own foolishness.