Gas prices...
Lexus Fanatic
Joined: May 2003
Posts: 7,864
Likes: 0
From: Massachusetts
These billions in profits people like to complain about don't just go to lining the pockets of fat cats. No doubt the big boys make their money, but so doesn't any executive.
These profits are mostly used in reinvesting into the company. Would we rather them lay off thousands of workers if we demanded they make minimal profits? Cause that's what would happen. Then, gas would become even much more expensive. These profits are used for exploration of new oil and the infrastructure in drilling for it and refining it. Just as a car company needs big profits to develop new product (typically $500 million to develop a car).
I forget which company, but one of them had spent billions exploring oil in Alaska. With government regulations put in place, all that money is wasted because they're not allowed to drill for it now.
These profits are mostly used in reinvesting into the company. Would we rather them lay off thousands of workers if we demanded they make minimal profits? Cause that's what would happen. Then, gas would become even much more expensive. These profits are used for exploration of new oil and the infrastructure in drilling for it and refining it. Just as a car company needs big profits to develop new product (typically $500 million to develop a car).
I forget which company, but one of them had spent billions exploring oil in Alaska. With government regulations put in place, all that money is wasted because they're not allowed to drill for it now.
Lexus Fanatic
Joined: Jan 2005
Posts: 20,238
Likes: 274
These billions in profits people like to complain about don't just go to lining the pockets of fat cats. No doubt the big boys make their money, but so doesn't any executive.
These profits are mostly used in reinvesting into the company. Would we rather them lay off thousands of workers if we demanded they make minimal profits? Cause that's what would happen. Then, gas would become even much more expensive. These profits are used for exploration of new oil and the infrastructure in drilling for it and refining it. Just as a car company needs big profits to develop new product (typically $500 million to develop a car).
I forget which company, but one of them had spent billions exploring oil in Alaska. With government regulations put in place, all that money is wasted because they're not allowed to drill for it now.
These profits are mostly used in reinvesting into the company. Would we rather them lay off thousands of workers if we demanded they make minimal profits? Cause that's what would happen. Then, gas would become even much more expensive. These profits are used for exploration of new oil and the infrastructure in drilling for it and refining it. Just as a car company needs big profits to develop new product (typically $500 million to develop a car).
I forget which company, but one of them had spent billions exploring oil in Alaska. With government regulations put in place, all that money is wasted because they're not allowed to drill for it now.
Oil companies consistently have biggest profits in the world, thats a fact.
Lexus Fanatic
Joined: Jan 2005
Posts: 20,238
Likes: 274
These billions in profits people like to complain about don't just go to lining the pockets of fat cats. No doubt the big boys make their money, but so doesn't any executive.
These profits are mostly used in reinvesting into the company. Would we rather them lay off thousands of workers if we demanded they make minimal profits? Cause that's what would happen. Then, gas would become even much more expensive. These profits are used for exploration of new oil and the infrastructure in drilling for it and refining it. Just as a car company needs big profits to develop new product (typically $500 million to develop a car).
I forget which company, but one of them had spent billions exploring oil in Alaska. With government regulations put in place, all that money is wasted because they're not allowed to drill for it now.
These profits are mostly used in reinvesting into the company. Would we rather them lay off thousands of workers if we demanded they make minimal profits? Cause that's what would happen. Then, gas would become even much more expensive. These profits are used for exploration of new oil and the infrastructure in drilling for it and refining it. Just as a car company needs big profits to develop new product (typically $500 million to develop a car).
I forget which company, but one of them had spent billions exploring oil in Alaska. With government regulations put in place, all that money is wasted because they're not allowed to drill for it now.
Same goes for Oil companies... they invest a lot of money into researching new fields and what not, but thats already in their financials and they still make billions afterwards.
Lexus Fanatic
Joined: May 2003
Posts: 7,864
Likes: 0
From: Massachusetts
You do realize that when Toyota invests 8 billion in R&D, in 2009 for instance, then it is counted as their cost and taken out of profit, right?
Same goes for Oil companies... they invest a lot of money into researching new fields and what not, but thats already in their financials and they still make billions afterwards.
Same goes for Oil companies... they invest a lot of money into researching new fields and what not, but thats already in their financials and they still make billions afterwards.
Lexus Fanatic
Joined: May 2003
Posts: 7,864
Likes: 0
From: Massachusetts
Diesel costs more than premium unleaded in my area. Although when the higher mileage is considered, diesel does win.
Just picked up a scooter for city errands in Long Beach. I can't commute with it, but it's good for short city trips here and there (getting a cup of coffee, going to the grocery store for light shopping, etc.), without having to take the SUV.
110 mpg average.
Sure, it maxes out at 35 mph
, but that's all I need in the city...
110 mpg average.
Sure, it maxes out at 35 mph
, but that's all I need in the city...
Big Mack
Lexus Test Driver
Joined: Mar 2004
Posts: 818
Likes: 1
From: Wisconsin
These billions in profits people like to complain about don't just go to lining the pockets of fat cats. No doubt the big boys make their money, but so doesn't any executive.
These profits are mostly used in reinvesting into the company. Would we rather them lay off thousands of workers if we demanded they make minimal profits? Cause that's what would happen. Then, gas would become even much more expensive. These profits are used for exploration of new oil and the infrastructure in drilling for it and refining it. Just as a car company needs big profits to develop new product (typically $500 million to develop a car).
I forget which company, but one of them had spent billions exploring oil in Alaska. With government regulations put in place, all that money is wasted because they're not allowed to drill for it now.
These profits are mostly used in reinvesting into the company. Would we rather them lay off thousands of workers if we demanded they make minimal profits? Cause that's what would happen. Then, gas would become even much more expensive. These profits are used for exploration of new oil and the infrastructure in drilling for it and refining it. Just as a car company needs big profits to develop new product (typically $500 million to develop a car).
I forget which company, but one of them had spent billions exploring oil in Alaska. With government regulations put in place, all that money is wasted because they're not allowed to drill for it now.
Are you suggesting the big FAT cats aren't making millions per year??
Maybe they wouldn't have spent & wasted so much in Alaska if they didn't make the billions per 1/4 either.
Now really, Are u saying the big boys aren't making millions per year??
Lexus Fanatic
Joined: May 2003
Posts: 7,864
Likes: 0
From: Massachusetts
Here's the top 10 companies by revenue in the world as of 2010. Revenue showed in billions.
1- Walmart.................Retailing.........$418.952
2- ExxonMobil.............Oil and gas......$370.125
3- Royal Dutch Shell....Oil and gas......$368.056
4- BP..........................Oil and gas......$297.107
5- Sinopec..................Oil and gas......$289.774
6- PetroChina.............Oil and gas......$221.955
7- Total S.A................Oil and gas......$212.815
8- Chevron.................Oil and gas......$204.928
9- Toyota...................Automotive.....$203.687
10- Japan Post...........Conglomerate..$200.995
If ExxonMobil's profits were only 1% of revenue, it would still make $3.7 Billion! That's simply to demonstrate the scale we're talking about here. No matter how small of a percentage they profit, it will always be too much in the minds of the left half of this country.