Title: Maybe this will get their attention Post by: big-daddy on May 27, 2008, 10:46:38 AM http://www.oilsolution.org/index.php
Title: Re: Maybe this will get their attention Post by: trx#9 on May 27, 2008, 11:03:46 AM Won't work, we already cut down our uses and prices are still rising. We now incorporate 10% ethanol to our gas and the price keeps rising. All the pricing goes through Opec and until we fix that our prices will never come down.
Thats what happens when you put 2 oil tycoons in office, especially on a second term. We have to ask ourselves why under both Bushes father and son gas price went out of control. :-\ Title: Re: Maybe this will get their attention Post by: big-daddy on May 27, 2008, 11:26:40 AM cut back?
Three-step plan to drive oil and gas prices down quickly! Call, email, write or fax your Representatives and Senators requesting three immediate actions; 1) DRILL FOR OIL NOW! Approve fast-track legislation to begin extracting oil and natural gas from the Arctic National Wildlife Refuge (ANWR), the Outer Continental Shelf (OCS) and deep waters in the Gulf of Mexico, dramatically reducing foreign dependence. 2) REFINE MORE OIL NOW! Approve fast-track legislation to build at least four new, strategically placed oil refineries throughout the U.S. as well as building new pipeline infrastructure to deliver finished product throughout the U.S. 3) STRONG US DOLLAR NOW! Demand the federal government puts a freeze on new spending and reduces our $9.4 trillion national debt and deficits. This action will immediately strengthen the dollar and help reduce inflation. Title: Re: Maybe this will get their attention Post by: Anoriginal on May 27, 2008, 11:39:08 AM Yeah well, if Obama get elected, you can forget about any of that happening.
Title: Re: Maybe this will get their attention Post by: rdm225 on May 27, 2008, 11:57:52 AM What the goverment is doing now is ,there going to deplete the middle easts oil.Then there going to start drilling in enviromently sensitve areas like the Gulf of mexico and Alaska. The tree huggers are going to raise hell but too bad for them
Title: Re: Maybe this will get their attention Post by: yunt2ride on May 27, 2008, 02:15:39 PM Won't work, we already cut down our uses and prices are still rising. We now incorporate 10% ethanol to our gas and the price keeps rising. All the pricing goes through Opec and until we fix that our prices will never come down. Thats what happens when you put 2 oil tycoons in office, especially on a second term. We have to ask ourselves why under both Bushes father and son gas price went out of control. :-\ Well the last term it was flip flop Kerry running against him, a man who couldn't decide which way to speak. Now after the next 4 years instead of everyone saying, thats what happens when you put an oil tycoon in office, people can say, thats what happens when you put a racist person in office after most of the criminals go free because of their race and the white man becomes the slaves.. Title: Re: Maybe this will get their attention Post by: eldiablo64 on May 27, 2008, 03:40:48 PM its no wonder the dollar is so weak the way Bush is throwin money around.How much has been spent on his war?and he just got approved for 165 billion more.he seems to think if you need more money just print more.he will go through that in about a month then he will be wantin more.
Title: Re: Maybe this will get their attention Post by: trx#9 on May 27, 2008, 04:14:00 PM Won't work, we already cut down our uses and prices are still rising. We now incorporate 10% ethanol to our gas and the price keeps rising. All the pricing goes through Opec and until we fix that our prices will never come down. Thats what happens when you put 2 oil tycoons in office, especially on a second term. We have to ask ourselves why under both Bushes father and son gas price went out of control. :-\ Well the last term it was flip flop Kerry running against him, a man who couldn't decide which way to speak. Now after the next 4 years instead of everyone saying, thats what happens when you put an oil tycoon in office, people can say, thats what happens when you put a racist person in office after most of the criminals go free because of their race and the white man becomes the slaves.. Title: Re: Maybe this will get their attention Post by: Anoriginal on May 27, 2008, 04:17:13 PM Won't work, we already cut down our uses and prices are still rising. We now incorporate 10% ethanol to our gas and the price keeps rising. All the pricing goes through Opec and until we fix that our prices will never come down. Thats what happens when you put 2 oil tycoons in office, especially on a second term. We have to ask ourselves why under both Bushes father and son gas price went out of control. :-\ Well the last term it was flip flop Kerry running against him, a man who couldn't decide which way to speak. Now after the next 4 years instead of everyone saying, thats what happens when you put an oil tycoon in office, people can say, thats what happens when you put a racist person in office after most of the criminals go free because of their race and the white man becomes the slaves.. Here here!! Indeed! Title: Re: Maybe this will get their attention Post by: gearhead400 on May 27, 2008, 06:21:28 PM What the goverment is doing now is ,there going to deplete the middle easts oil.Then there going to start drilling in enviromently sensitve areas like the Gulf of mexico and Alaska. The tree huggers are going to raise hell but too bad for them You dont have to be a tree hugger to be against that. Title: Re: Maybe this will get their attention Post by: digginfool on May 27, 2008, 07:55:27 PM Some of you guys need a serious education in the way our government works. It's pathetic the way people fall for political rhetoric. Go do yourself a favor and learn what each of the three branches of government do before you start spouting off. At least you might have a chance of catching yourself before proving your ignorance.
Title: Re: Maybe this will get their attention Post by: Mudneck on May 27, 2008, 08:05:58 PM Anyone see the Brits protesting $10 gal fuel today? Were next the Arabs got us by the balls. Its Economic terrorism.Bleed our bank accounts put us in recession & we wont have no more money to stop them :o
Title: Re: Maybe this will get their attention Post by: Bo322 on May 27, 2008, 08:28:47 PM Some of you guys need a serious education in the way our government works. It's pathetic the way people fall for political rhetoric. Go do yourself a favor and learn what each of the three branches of government do before you start spouting off. At least you might have a chance of catching yourself before proving your ignorance. Diggin is right, Here are a few tidbits you may find insightful...... Part 1 In just two years . Remember the election in 2006? Thought you might like to read the following: A little over one year ago: 1) Consumer confidence stood at a 2 1/2 year high; 2) Regular gasoline sold for $2.19 a gallon; 3) The unemployment rate was 4.5%. Since voting in a Democratic Congress in 2006 we have seen: 1) Consumer confidence plummet; 2) The cost of regular gasoline soar to over $3.50 a gallon; 3) Unemployment is up to 5% (a 10% increase); 4) American households have seen $2.3 trillion in equity value evaporate (stock and mutual fund losses); 5) Americans have seen their home equity drop by $1.2 trillion dollars; 6) 1% of American homes are in foreclosure. America voted for change in 2006, and we got it! Remember it's Congress that makes law not the President. He has to work with what's handed to him. Quote of the Day........'My friends, we live in the greatest nation in the history of the world. I hope you'll join with me as we try to change it.' -- Barack Obama Part 2: Taxes...Whether Democrat or a Republican you will find these statistics enlightening and amazing. www.taxfoundation.org/publications/show/151.html Taxes under Clinton 1999 Taxes under Bush 2008 Single making 30K - tax $8,400 Single making 30K - tax $4,500 Single making 50K - tax $14,000 Single making 50K - tax $12,500 Single making 75K - tax $23,250 Single making 75K - tax $18,750 Married making 60K - tax $16,800 Married making 60K- tax $9,000 Married making 75K - tax $21,000 Married making 75K - tax $18,750 Married making 125K - tax $38,750 Married making 125K - tax $31,250 Both democratic candidates will return to the higher tax rates It is amazing how many people that fall into the categories above think Bush is screwing them and Bill Clinton was the greatest President ever. If Obama or Hillary are elected, they both say they will repeal the Bush tax cuts and a good portion of the people that fall into the categories above can't wait for it to happen. This is like the movie The Sting with Paul Newman; you scam somebody out of some money and they don't even know what happened. PART 3: You think the war in Iraq is costing us too much? Read this: Boy am I confused. I have been hammered with the propaganda that it is the Iraq war and the war on terror that is bankrupting us. I now find that to be RIDICULOUS. I hope the following 14 reasons are forwarded over and over again until they are read so many times that the reader gets sick of reading them. I have included the URL's for verification of all the following facts. 1. $11 Billion to $22 billion is spent on welfare to illegal aliens each year by state governments. Verify at: http://tinyurl.com/zob77 2. $2.2 Billion dollars a year is spent on food assistance programs such as food stamps, WIC, and free school lunches for illegal aliens. Verify at: http://www.cis..org/articles/2004/fiscalexec.html 3. $2.5 Billion dollars a year is spent on Medicaid for illegal aliens. Verify at: http://www.cis..org/articles/2004/fiscalexec.html 4. $12 Billion dollars a year is spent on primary and secondary school education for children here illegally and they cannot speak a word of English! Verify at: http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.0.html 5. $17 Billion dollars a year is spent for education for the American-born children of illegal aliens, known as anchor babies. Verify at http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.01.html 6. $3 Million Dollars a DAY is spent to incarcerate illegal aliens. Verify at: http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.01.html 7. 30% percent of all Federal Prison inmates are illegal aliens. Verify at: http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.01.html 8. $90 Billion Dollars a year is spent on illegal aliens for Welfare & social services by the American taxpayers. Verify at: http://premium.cnn.com/TRANSCIPTS/0610/29/ldt.01.html 9. $200 Billion Dollars a year in suppressed American wages are caused by the illegal aliens. Verify at: http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.01.html 10. The illegal aliens in the United States have a crime rate that's two and a half times that of white non-illegal aliens. In particular, their children, are going to make a huge additional crime problem in the US Verify at: http://transcripts.cnn.com/TRANSCRIPTS/0606/12/ldt.01.html 11. During the year of 2005 there were 4 to 10 MILLION illegal aliens that crossed our Southern Border also, as many as 19,500 illegal aliens from Terrorist Countries. Millions of pounds of drugs, cocaine, meth, heroin and mariju ana, crossed into the U. S from the Southern border. Verify at: Homeland Security Report: http://tinyurl.com/t9sht 12. The National Policy Institute, 'estimated that the total cost of mass deportation would be between $206 and $230 billion or an average cost of between $41 and $46 billion annually over a five year period.' Verify at: http://www.nationalpolicyinstitute.org/pdf/deportation.pdf 13. In 2006 illegal aliens sent home $45 BILLION in remittances back to their countries of origin. Verify at: http://www.rense.com/general75/niht.htm 14. 'The Dark Side of Illegal Immigration: Nearly One Million Sex Crimes Committed by Illegal Immigrants In The United States.' Verify at: http://www.drdsk.com/articleshtml The total cost is a whopping $ 338.3 BILLION DOLLARS A YEAR. Title: Re: Maybe this will get their attention Post by: trx#9 on May 27, 2008, 09:07:23 PM Some of you guys need a serious education in the way our government works. It's pathetic the way people fall for political rhetoric. Go do yourself a favor and learn what each of the three branches of government do before you start spouting off. At least you might have a chance of catching yourself before proving your ignorance. Diggin is right, Here are a few tidbits you may find insightful...... Part 1 In just two years . Remember the election in 2006? Thought you might like to read the following: A little over one year ago: 1) Consumer confidence stood at a 2 1/2 year high; 2) Regular gasoline sold for $2.19 a gallon; 3) The unemployment rate was 4.5%. Since voting in a Democratic Congress in 2006 we have seen: 1) Consumer confidence plummet; 2) The cost of regular gasoline soar to over $3.50 a gallon; 3) Unemployment is up to 5% (a 10% increase); 4) American households have seen $2.3 trillion in equity value evaporate (stock and mutual fund losses); 5) Americans have seen their home equity drop by $1.2 trillion dollars; 6) 1% of American homes are in foreclosure. America voted for change in 2006, and we got it! Remember it's Congress that makes law not the President. He has to work with what's handed to him. Quote of the Day........'My friends, we live in the greatest nation in the history of the world. I hope you'll join with me as we try to change it.' -- Barack Obama Part 2: Taxes...Whether Democrat or a Republican you will find these statistics enlightening and amazing. [url=http://www.taxfoundation.org/publications/show/151.html]www.taxfoundation.org/publications/show/151.html[/url] Taxes under Clinton 1999 Taxes under Bush 2008 Single making 30K - tax $8,400 Single making 30K - tax $4,500 Single making 50K - tax $14,000 Single making 50K - tax $12,500 Single making 75K - tax $23,250 Single making 75K - tax $18,750 Married making 60K - tax $16,800 Married making 60K- tax $9,000 Married making 75K - tax $21,000 Married making 75K - tax $18,750 Married making 125K - tax $38,750 Married making 125K - tax $31,250 Both democratic candidates will return to the higher tax rates It is amazing how many people that fall into the categories above think Bush is screwing them and Bill Clinton was the greatest President ever. If Obama or Hillary are elected, they both say they will repeal the Bush tax cuts and a good portion of the people that fall into the categories above can't wait for it to happen. This is like the movie The Sting with Paul Newman; you scam somebody out of some money and they don't even know what happened. PART 3: You think the war in Iraq is costing us too much? Read this: Boy am I confused. I have been hammered with the propaganda that it is the Iraq war and the war on terror that is bankrupting us. I now find that to be RIDICULOUS. I hope the following 14 reasons are forwarded over and over again until they are read so many times that the reader gets sick of reading them. I have included the URL's for verification of all the following facts. 1. $11 Billion to $22 billion is spent on welfare to illegal aliens each year by state governments. Verify at: [url]http://tinyurl.com/zob77[/url] 2. $2.2 Billion dollars a year is spent on food assistance programs such as food stamps, WIC, and free school lunches for illegal aliens. Verify at: [url]http://www.cis[/url]..org/articles/2004/fiscalexec.html 3. $2.5 Billion dollars a year is spent on Medicaid for illegal aliens. Verify at: [url]http://www.cis[/url]..org/articles/2004/fiscalexec.html 4. $12 Billion dollars a year is spent on primary and secondary school education for children here illegally and they cannot speak a word of English! Verify at: [url]http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.0.html[/url] 5. $17 Billion dollars a year is spent for education for the American-born children of illegal aliens, known as anchor babies. Verify at [url]http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.01.html[/url] 6. $3 Million Dollars a DAY is spent to incarcerate illegal aliens. Verify at: [url]http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.01.html[/url] 7. 30% percent of all Federal Prison inmates are illegal aliens. Verify at: [url]http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.01.html[/url] 8. $90 Billion Dollars a year is spent on illegal aliens for Welfare & social services by the American taxpayers. Verify at: [url]http://premium.cnn.com/TRANSCIPTS/0610/29/ldt.01.html[/url] 9. $200 Billion Dollars a year in suppressed American wages are caused by the illegal aliens. Verify at: [url]http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.01.html[/url] 10. The illegal aliens in the United States have a crime rate that's two and a half times that of white non-illegal aliens. In particular, their children, are going to make a huge additional crime problem in the US Verify at: [url]http://transcripts.cnn.com/TRANSCRIPTS/0606/12/ldt.01.html[/url] 11. During the year of 2005 there were 4 to 10 MILLION illegal aliens that crossed our Southern Border also, as many as 19,500 illegal aliens from Terrorist Countries. Millions of pounds of drugs, cocaine, meth, heroin and mariju ana, crossed into the U. S from the Southern border. Verify at: Homeland Security Report: [url]http://tinyurl.com/t9sht[/url] 12. The National Policy Institute, 'estimated that the total cost of mass deportation would be between $206 and $230 billion or an average cost of between $41 and $46 billion annually over a five year period.' Verify at: [url]http://www.nationalpolicyinstitute.org/pdf/deportation.pdf[/url] 13. In 2006 illegal aliens sent home $45 BILLION in remittances back to their countries of origin. Verify at: [url]http://www.rense.com/general75/niht.htm[/url] 14. 'The Dark Side of Illegal Immigration: Nearly One Million Sex Crimes Committed by Illegal Immigrants In The United States.' Verify at: [url]http://www.drdsk.com/articleshtml[/url] The total cost is a whopping $ 338.3 BILLION DOLLARS A YEAR. http://www.snopes.com/politics/business/votedforchange.asp (http://www.snopes.com/politics/business/votedforchange.asp) The second part is true though, but I guess that was the democratic congress that let all the beaners in too. rolback1 Title: Re: Maybe this will get their attention Post by: Slick89 on May 28, 2008, 02:19:13 AM I was reading in the paper sunday that even if they drilled for more oil they said it would only drop the price of each barrel down only 75 cents which only drops the price of gas down 2 cents.
Title: Re: Maybe this will get their attention Post by: MedicMudder on May 28, 2008, 09:56:48 AM I was reading in the paper sunday that even if they drilled for more oil they said it would only drop the price of each barrel down only 75 cents which only drops the price of gas down 2 cents. If it is comming from fishwrapper I would take it a BIG grain of salt.Most are very left leaning.Title: Re: Maybe this will get their attention Post by: Anoriginal on May 28, 2008, 11:47:55 AM Damn I only thought Diggin would be igornate one to post something like this. [url]http://www.snopes.com/politics/business/votedforchange.asp[/url] ([url]http://www.snopes.com/politics/business/votedforchange.asp[/url]) The second part is true though, but I guess that was the democratic congress that let all the beaners in too. rolback1 :Clap.gif :ThumbsUp.gif Title: Re: Maybe this will get their attention Post by: Thunderdually on May 28, 2008, 01:17:58 PM 1) DRILL FOR OIL NOW!
Approve fast-track legislation to begin extracting oil and natural gas from the Arctic National Wildlife Refuge (ANWR), the Outer Continental Shelf (OCS) and deep waters in the Gulf of Mexico, dramatically reducing foreign dependence. IMHO this is what this is all about. Oils companies have tried for years to get approval to drill for oil in these locations with out success. So they figure if the price goes high enough we will let they drill in these areas 2) REFINE MORE OIL NOW! Approve fast-track legislation to build at least four new, strategically placed oil refineries throughout the U.S. as well as building new pipeline infrastructure to deliver finished product throughout the U.S. According to the St. Petersburg Times The United States has the biggest stockpile of emergency oil owned by a government in the world. Called the strategic petroleum reserve, It contains about 700-million barrels that are stored along the Gulf Coast in underground salt caverns. This is suppose to be used in an emergency if we have interrupted supplies from other countries. Or in case of a war. Every time we have a hurricane in the gulf the oil companies use this as an excuse to raise the price of gas because there aren't enough refineries to produce enough gas to replace the volume that was lost while the oil rigs couldn't produce oil. If we don't already have enough refineries how the hell could our country produce gas from our oil reserves in an emergency. 3) STRONG US DOLLAR NOW! Demand the federal government puts a freeze on new spending and reduces our $9.4 trillion national debt and deficits. This action will immediately strengthen the dollar and help reduce inflation. I'll go along with this. Here's another idea, Why not raise prices of our products that are exported to other countries. You know our farmers would love to see corn sell for $500.00 a bushel. $5.00 a piece for a potato or a tomato. How about all the countries pay back the loans that the good old USA gave them. How about Arab countries pay for the supplies that our government is giving them to build new schools and hospitals. Title: Re: Maybe this will get their attention Post by: trx#9 on May 28, 2008, 07:08:00 PM 1) DRILL FOR OIL NOW! I like number 3! Our government needs to control the federal banking system, there out of control but then again so is our government in which the way they are spending our hard earn money.Approve fast-track legislation to begin extracting oil and natural gas from the Arctic National Wildlife Refuge (ANWR), the Outer Continental Shelf (OCS) and deep waters in the Gulf of Mexico, dramatically reducing foreign dependence. IMHO this is what this is all about. Oils companies have tried for years to get approval to drill for oil in these locations with out success. So they figure if the price goes high enough we will let they drill in these areas 2) REFINE MORE OIL NOW! Approve fast-track legislation to build at least four new, strategically placed oil refineries throughout the U.S. as well as building new pipeline infrastructure to deliver finished product throughout the U.S. According to the St. Petersburg Times The United States has the biggest stockpile of emergency oil owned by a government in the world. Called the strategic petroleum reserve, It contains about 700-million barrels that are stored along the Gulf Coast in underground salt caverns. This is suppose to be used in an emergency if we have interrupted supplies from other countries. Or in case of a war. Every time we have a hurricane in the gulf the oil companies use this as an excuse to raise the price of gas because there aren't enough refineries to produce enough gas to replace the volume that was lost while the oil rigs couldn't produce oil. If we don't already have enough refineries how the hell could our country produce gas from our oil reserves in an emergency. 3) STRONG US DOLLAR NOW! Demand the federal government puts a freeze on new spending and reduces our $9.4 trillion national debt and deficits. This action will immediately strengthen the dollar and help reduce inflation. I'll go along with this. Here's another idea, Why not raise prices of our products that are exported to other countries. You know our farmers would love to see corn sell for $500.00 a bushel. $5.00 a piece for a potato or a tomato. How about all the countries pay back the loans that the good old USA gave them. How about Arab countries pay for the supplies that our government is giving them to build new schools and hospitals. Maybe next we will borrowing money from Cuba. ;) Title: Re: Maybe this will get their attention Post by: digginfool on May 28, 2008, 09:24:46 PM Just out of curiosity, who do you believe controls the checkbook in our government?
Title: Re: Maybe this will get their attention Post by: renmus on May 28, 2008, 10:16:50 PM Who is: US House of Represenatives with the help/advise of the CBO
Title: Re: Maybe this will get their attention Post by: trx#9 on May 28, 2008, 10:37:46 PM Who is: Haliburton rolback1 :H :Fp
Title: Re: Maybe this will get their attention Post by: JackL on May 29, 2008, 08:05:54 AM Cold fusion is the answer to all our problems. ;)
Title: Re: Maybe this will get their attention Post by: asmart82 on May 29, 2008, 08:22:25 AM I was reading in the paper sunday that even if they drilled for more oil they said it would only drop the price of each barrel down only 75 cents which only drops the price of gas down 2 cents. You shouldn't always believe what you read. Just because someone sat down at a computer and typed something up doesn't mean it is true. Title: Re: Maybe this will get their attention Post by: yunt2ride on May 29, 2008, 02:19:03 PM I was reading in the paper sunday that even if they drilled for more oil they said it would only drop the price of each barrel down only 75 cents which only drops the price of gas down 2 cents. You shouldn't always believe what you read. Just because someone sat down at a computer and typed something up doesn't mean it is true. HUH.........And all this time I thought that everything put in words would have to be true. ;D Unless Snopes finds out that someone has lied....... But then again, Snopes may be lying. Title: Re: Maybe this will get their attention Post by: JackL on May 29, 2008, 03:22:38 PM Unless Snopes finds out that someone has lied....... But then again, Snopes may be lying. Snopes would never intentionally lie about anything. They are rather well respected and have a team of researchers who track down every source, no matter how obscure. Title: Re: Maybe this will get their attention Post by: yunt2ride on May 29, 2008, 03:43:16 PM Unless Snopes finds out that someone has lied....... But then again, Snopes may be lying. Snopes would never intentionally lie about anything. They are rather well respected and have a team of researchers who track down every source, no matter how obscure. Yea I know, just making a funny. Title: Re: Maybe this will get their attention Post by: eldiablo64 on May 29, 2008, 03:48:08 PM Osama bin laden said "we will ruin the the US financially" looks like he's doin a damn good job.He knew that Bush would go to war in Iraq when they planned 9/11.and Bush fell for it hook line and sinker.
Title: Re: Maybe this will get their attention Post by: digginfool on May 29, 2008, 06:15:39 PM Osama bin laden said "we will ruin the the US financially" looks like he's doin a damn good job.He knew that Bush would go to war in Iraq when they planned 9/11.and Bush fell for it hook line and sinker. As well as every Senator and Representative that voted for it (I don't remember the exact figures but I know it was a very high percentage), all of whom had the same information as Bush did. That is, if you want to believe that all the people running our country are stupid enough to be fooled by some camel jock. Here's a little tidbit for you. There may be more to the run-up in fuel costs than any of you think and I stumbled across it while researching the Water4Gas thread. It turns out that back in 2003, the DOE published a report that the only way a hydrogen economy could be cost effective would be if the equivalent cost of gasoline exceeded $4.50 per gallon. Makes you want to say "hmmmmm..." when you consider companies like ExxonMobil, who have profited more money than any other company in history, has put nearly nothing towards capital expenditures in exploration. In fact, they are paying large dividends and buying back shares; essentially, cashing out. Think they might know something we don't? Title: Re: Maybe this will get their attention Post by: JackL on May 29, 2008, 08:46:35 PM It is ExxonMobil's legal responsibility to maximise shareholder profit. ;)
Title: Re: Maybe this will get their attention Post by: digginfool on May 29, 2008, 10:04:45 PM It is ExxonMobil's legal responsibility to maximise shareholder profit. ;) They have no legal obligation other than to adhere to GAAP. That being said, by not investing in the future (finding and developing more oil reserves), disbursing retained earnings and buying back shares, they are essentially cashing out. They have effectively announced that they are ceasing as a business concern; they are going to play out what they have and close up shop. Most other oil companies are investing normal amounts in exploration but have begun to accelerate investments in alternative fuel technologies. That would indicate they are changing with the times, evolving into energy companies rather than oil companies. The biggest of the lot, though, is not doing that. You have to ask why. Why would they chose a path that doesn't have a future? |