edie3
Drama Llama
Posts: 5,684 
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Post by edie3 on Mar 9, 2022 4:25:04 GMT
I am sure all the gas companies have made massive profits over the years and pay their CEOs very well. Personally, I think they could stand to lose a little profit and help out people with the high gas prices. DH says no, that what companies are supposed to do, make a profit. How do you feel?
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milocat
Drama Llama
Posts: 5,615
Location: 55 degrees north in Alberta, Canada
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Post by milocat on Mar 9, 2022 4:40:03 GMT
Shouldn't all companies who make a good profit then? Shouldn't grocery stores lower their prices? Shouldn't airlines? Shouldn't the power company? Shouldn't the cell phone company? Shouldn't.... Why should oil companies? This is coming from someone who works for oil companies and haven't gotten to raise our hourly rate in 15 years and some companies had the nerve a few years ago to ask us to lower our rate.
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edie3
Drama Llama
Posts: 5,684
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Post by edie3 on Mar 9, 2022 4:54:51 GMT
This is coming from someone who works for oil companies and haven't gotten to raise our hourly rate in 15 years Meanwhile, the CEO of Exxon Mobile makes 23 million a year. |
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Post by leftturnonly on Mar 9, 2022 5:51:18 GMT
I am sure all the gas companies have made massive profits over the years and pay their CEOs very well. Personally, I think they could stand to lose a little profit and help out people with the high gas prices. DH says no, that what companies are supposed to do, make a profit. How do you feel? Day 1 in office, Keystone Pipeline was killed dead in its tracks. In a year, we've gone from energy independence to this. Ya think that maybe, just maybe, this administration may have something to do with this inflation? Nah. That's crazy talk! |
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Post by aj2hall on Mar 9, 2022 5:55:20 GMT
I am sure all the gas companies have made massive profits over the years and pay their CEOs very well. Personally, I think they could stand to lose a little profit and help out people with the high gas prices. DH says no, that what companies are supposed to do, make a profit. How do you feel? Day 1 in office, Keystone Pipeline was killed dead in its tracks. In a year, we've gone from energy independence to this. Ya think that maybe, just maybe, this administration may have something to do with this inflation? Nah. That's crazy talk! No, we were not energy independent. We do export some oil and natural gas but we also import petroleum products. No, cancelling the pipeline had nothing to do with the current price of gas. The pipeline was never built. www.politifact.com/factchecks/2021/feb/18/facebook-posts/do-bidens-executive-orders-have-any-effect-us-ener/ |
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Post by katlady on Mar 9, 2022 6:14:46 GMT
Keystone Pipeline was killed dead in its tracks Wasn't the main purpose of the Keystone Pipeline to transport Canadian crude oil to a Texas refinery, and then from there it was going to be exported overseas? My understanding is that it was never for oil to be used in the U.S. As for the OP's question, in business school, it is hammered into us that the primary goal of a Corporation is to make the shareholders happy. The way to do this, big profits. Do I think CEO's make an obscene amount of money, yes, I do. But the belief is to get the best you have to pay a lot. So, while I personally think Corporations could share some of that wealth with the little people, it is not how businesses work, unfortunately. |
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Deleted
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Nov 23, 2024 17:18:31 GMT
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Post by Deleted on Mar 9, 2022 11:41:55 GMT
I am sure all the gas companies have made massive profits over the years and pay their CEOs very well. Personally, I think they could stand to lose a little profit and help out people with the high gas prices. DH says no, that what companies are supposed to do, make a profit. How do you feel? Day 1 in office, Keystone Pipeline was killed dead in its tracks. In a year, we've gone from energy independence to this. Ya think that maybe, just maybe, this administration may have something to do with this inflation? Nah. That's crazy talk! Tell us you don't understand how the pipeline was going to work without saying you don't understand. Seriously, that taking point is so fucking false. |
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Post by sabrinae on Mar 9, 2022 11:53:58 GMT
I am sure all the gas companies have made massive profits over the years and pay their CEOs very well. Personally, I think they could stand to lose a little profit and help out people with the high gas prices. DH says no, that what companies are supposed to do, make a profit. How do you feel? Day 1 in office, Keystone Pipeline was killed dead in its tracks. In a year, we've gone from energy independence to this. Ya think that maybe, just maybe, this administration may have something to do with this inflation? Nah. That's crazy talk! Keystone pipeline had nothing to do with us energy independence. And it wouldn’t be operational for several more years so wouldn’t impact any current prices. That same Canadian oil is making it to us refineries in the same ways it always has and is not being sold/used in the US. Of course you know all that and choose to continue to spread disinformation while blaming Democrats for everything. |
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Post by sawwhet on Mar 9, 2022 11:59:45 GMT
I am sure all the gas companies have made massive profits over the years and pay their CEOs very well. Personally, I think they could stand to lose a little profit and help out people with the high gas prices. DH says no, that what companies are supposed to do, make a profit. How do you feel? Day 1 in office, Keystone Pipeline was killed dead in its tracks. In a year, we've gone from energy independence to this. Ya think that maybe, just maybe, this administration may have something to do with this inflation? Nah. That's crazy talk! Here's the thing...there is no oil/gas shortage in North America. That's really all we need to know. Have you heard of any areas that have closed gas stations? No. Not in the US. Not in Canada. So what is causing this massive increase in prices? Greed. Regarding inflation- do you know how they combat inflation? they raise interest rates. I know here in Canada, nutty conservatives on my FB timeline have been screaming about how Trudeau is causing inflation. Trudeau obviously has a lot of power because rising inflation is a world wide problem. Last week, the Bank of Canada raised the interest rate by .25% and they were losing their minds because "Justin" raised the interest rates and now life is even more expensive 🙄 Basic economics, raise the interest rates to cool the economy. BTW, it's the Bank of Canada that raises the interest rates, not Trudeau. |
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Post by peasapie on Mar 9, 2022 12:00:28 GMT
Oil company stocks are doing very well right now due to Ukraine. If they returned profits to the public, instead of to their shareholders who are invested in them, the stock would tank and the company would collapse.
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purplebee
Drama Llama
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Post by purplebee on Mar 9, 2022 12:22:44 GMT
I am sure all the gas companies have made massive profits over the years and pay their CEOs very well. Personally, I think they could stand to lose a little profit and help out people with the high gas prices. DH says no, that what companies are supposed to do, make a profit. How do you feel? Day 1 in office, Keystone Pipeline was killed dead in its tracks. In a year, we've gone from energy independence to this. Ya think that maybe, just maybe, this administration may have something to do with this inflation? Nah. That's crazy talk! If you will read Heather Cox Richardson’s letter today, she explains this right wing “talking point” in a very easy to understand way. Keystone has nothing to do with the cost of US gas. |
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Post by aj2hall on Mar 9, 2022 12:35:03 GMT
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Post by papercrafteradvocate on Mar 9, 2022 13:19:34 GMT
I am sure all the gas companies have made massive profits over the years and pay their CEOs very well. Personally, I think they could stand to lose a little profit and help out people with the high gas prices. DH says no, that what companies are supposed to do, make a profit. How do you feel? Day 1 in office, Keystone Pipeline was killed dead in its tracks. In a year, we've gone from energy independence to this. Ya think that maybe, just maybe, this administration may have something to do with this inflation? Nah. That's crazy talk! This is a right wing propaganda lie. You keep posting lies, then run away and cry I’m a victim of the liberal nastiness. 🙄🙄🙄 stop posting lies! We were NOT at “energy independence” a year ago. Trump lied when he made that claim. (No surprise there) it was proved repeatedly that we were not when he said that. In fact US consumes about 20 million barrels a day. US manufactures only about 12.5 million barrels a day. You do the math, it’s simple…we are not energy independent. The keystone pipeline was NOT killed dead (in fact it’s up and running as it always has been). A permit for an addition bypass was denied. That’s it. Pipeline was not killed as you lie about. And the Keystone pipeline doesn’t even belong to the US—it’s a Canadian company and it’s used solely to transport tar sand, s dangerous oil byproduct. But fuck the environment right? It’s amazing just how ignorant conservatives just want to continue to be. |
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Post by papercrafteradvocate on Mar 9, 2022 13:23:26 GMT
I am sure all the gas companies have made massive profits over the years and pay their CEOs very well. Personally, I think they could stand to lose a little profit and help out people with the high gas prices. DH says no, that what companies are supposed to do, make a profit. How do you feel? Day 1 in office, Keystone Pipeline was killed dead in its tracks. In a year, we've gone from energy independence to this. Ya think that maybe, just maybe, this administration may have something to do with this inflation? Nah. That's crazy talk! Tell me you’re in a Fox news cult without telling me you’re a Fox News cult. |
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Post by nightnurse on Mar 9, 2022 13:25:36 GMT
So, even Harvard business says profits can get too high. I’m not sure why Americans are so pro-business-the-sainted-job-creators-deserve-every-cent-of-their-millions-while-the-rest-of-us-should-be-happy-we-have-a-job. There’s a great daily show clip juxtaposing Fox News justifying giant ceo salaries by saying to attract the best you have to pay a lot with them slamming teachers as greedy for wanting a living wage. The pro business propaganda is strong in this country. hbr.org/2015/06/too-much-profit-can-doom-your-company |
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Deleted
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Nov 23, 2024 17:18:32 GMT
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Post by Deleted on Mar 9, 2022 13:27:06 GMT
Tell me you’re in a Fox news cult without telling me you’re a Fox News cult. I think Fox News is too lefty for her. Try OANN. |
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edie3
Drama Llama
Posts: 5,684
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Post by edie3 on Mar 9, 2022 13:29:59 GMT
I don't know the answers. I wish I did.
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Post by littlemama on Mar 9, 2022 13:31:50 GMT
I think that the obscene amounts that executives are paid needs to change. We dont need a bunch more millionaires and billionaires in this country when so many are struggling with wages that never increase. This is not limited to oil/gas companies. Corporate greed is a danger to all of the regular people in this country
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Deleted
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Nov 23, 2024 17:18:32 GMT
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Post by Deleted on Mar 9, 2022 13:41:44 GMT
This is just the Q1 of 21.
Imagine what they'll be for the FY22
Also...From end of 2021...
"Exclusive: oil companies’ profits soared to $174bn this year as US gas prices rose
The largest oil and gas companies made a combined $174bn in profits in the first nine months of the year as gasoline prices climbed in the US, according to a new report.
The bumper profit totals, provided exclusively to the Guardian, show that in the third quarter of 2021 alone, 24 top oil and gas companies made more than $74bn in net income. From January to September, the net income of the group, which includes Exxon, Chevron, Shell and BP, was $174bn.
Exxon alone posted a net income of $6.75bn in the third quarter, its highest profit since 2017, and has seen its revenue jump by 60% on the same period last year. The company credited the rising cost of oil for bolstering these profits, as did BP, which made $3.3bn in third-quarter profit. “Rising commodity prices certainly helped,” Bernard Looney, chief executive of BP, told investors at the latest earnings report.
Gasoline prices have hit a seven-year high in the US due to the rising cost of oil, with Americans now paying about $3.40 for a gallon of fuel compared with around $2.10 a year ago."
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Post by Merge on Mar 9, 2022 13:43:31 GMT
I think there's an argument to be made that gas should be treated as a public utility/necessity and prices controlled accordingly. Outside of major urban centers with good public transportation, buying gas is not a luxury. People need to get to work.
I also find that the exhortation for Americans to do their patriotic duty by sucking up higher gas prices, which are being artificially raised by oil companies at this point in order to increase their profits, rubs me quite a bit the wrong way. Why is it always the rank and file who are expected to do their patriotic duty? Why is it never the billionaire company owners and investors who are asked to "take one for the team?"
And why on earth do the rank and file among the GOP voters keep defending these billionaires and opportunists while buying every story they tell about how it's all the Democrats' fault? The mind boggles. It seems they'd rather continue to suffer, and defend the oligarchs who are causing the suffering, than to admit they're being taken for a ride.
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Post by iamkristinl16 on Mar 9, 2022 13:47:34 GMT
So, even Harvard business says profits can get too high. I’m not sure why Americans are so pro-business-the-sainted-job-creators-deserve-every-cent-of-their-millions-while-the-rest-of-us-should-be-happy-we-have-a-job. There’s a great daily show clip juxtaposing Fox News justifying giant ceo salaries by saying to attract the best you have to pay a lot with them slamming teachers as greedy for wanting a living wage. The pro business propaganda is strong in this country. hbr.org/2015/06/too-much-profit-can-doom-your-companySo true. I can’t believe the number of people here who are perfectly ok with companies raising prices as much as they can, while still paying their other employees low wages and not giving raises—even when profits were up more than 50% over the last year. Even people who are being paid those low wages are apparently ok with it!! I certainly hope those are also not the same people who blame Biden for high gas prices and inflation, but they probably are. And they also don’t seem to understand that grocery prices and the cost of other goods and services are also going to go up because of the cost of fuel. |
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Deleted
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Nov 23, 2024 17:18:32 GMT
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Post by Deleted on Mar 9, 2022 13:49:23 GMT
I also find that the exhortation for Americans to do their patriotic duty by sucking up higher gas prices, which are being artificially raised by oil companies at this point in order to increase their profits, rubs me quite a bit the wrong way. It should be illegal for the news to do 9 million "pain at the pump" stories without ever ONCE MENTIONING the insane oil co profits. |
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Deleted
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Nov 23, 2024 17:18:32 GMT
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Post by Deleted on Mar 9, 2022 13:50:40 GMT
So, even Harvard business says profits can get too high. I’m not sure why Americans are so pro-business-the-sainted-job-creators-deserve-every-cent-of-their-millions-while-the-rest-of-us-should-be-happy-we-have-a-job. Brainwashing works. The billionaires pay good bucks to get that mantra out there (think tanks, news pieces, etc) |
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Post by hop2 on Mar 9, 2022 13:55:21 GMT
Inflation is a symptom of the imbalance of workers rights vs the corporations rights. Rampant Inflation is a symptom of plutocracy where all the power is held by the corporations.
When workers have rights and are fairly compensated inflation decreases or remains stable.
Yeah, it is my opinion, you can disagree with me, you can laugh at me. I don’t care. If you look at this historically you will see what I mean. When workers have rights, when they are compensated fairly for the time/place then prices stabilize.
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Post by disneypal on Mar 9, 2022 14:09:43 GMT
Hate to say it, because we all could use a relief from the high prices, but I agree with your DH.
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Deleted
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Nov 23, 2024 17:18:32 GMT
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Post by Deleted on Mar 9, 2022 14:40:57 GMT
that what companies are supposed to do, make a profit. How do you feel? They are supposed to make "a" profit, not "an obscene" profit on the backs of those living in pain and stress due to their obscene profits. Oil co profits should be regulated or taxed differently. Energy is a public good, underlying the costs of all other products, and it is a necessity in transport, heating, etc and should be regulated accordingly. |
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Post by Merge on Mar 9, 2022 15:41:47 GMT
Hate to say it, because we all could use a relief from the high prices, but I agree with your DH. They were making record profits before they raised the prices. What, then, was the point of raising them? |
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Deleted
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Nov 23, 2024 17:18:32 GMT
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Post by Deleted on Mar 9, 2022 15:51:42 GMT
They were making record profits before they raised the prices. What, then, was the point of raising them? MORE PROFITS!!!! (d'uh) (not d'uhing you, just those who can't figure that out) MORE YACHTS!!! MORE PARTIES!!! MORE CHALETS!!!! MORE OFF-SHORE TAX-CHEATING BANK ACCOUNTS AND THE LAWYERS TO PAY FOR THEM!!!!! Woot!!!! |
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pinklady
Drama Llama
Posts: 6,066
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Post by pinklady on Mar 9, 2022 16:06:38 GMT
Day 1 in office, Keystone Pipeline was killed dead in its tracks. In a year, we've gone from energy independence to this. Ya think that maybe, just maybe, this administration may have something to do with this inflation? Nah. That's crazy talk! Ahhh, I love the smell of ignorance in the morning. Keep watching those unbiased livestreams. |
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Post by disneypal on Mar 9, 2022 16:47:29 GMT
They were making record profits before they raised the prices. What, then, was the point of raising them? They want to maintain the same level of profit so they raise the pump prices when their cost rises. |
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