$4.15 a Gallon. Thank Goodness for Exxon!

Discussion in 'Politics' started by random3434, May 5, 2011.

  1. random3434
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    random3434 Senior Member

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  2. Trajan
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    Trajan conscientia mille testes

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    don't get hung up on big numbers EZ, of course they grossed 30 billion, the price is high. no one cares when it bottoms to $1.90 or so....their profit margin has not changed, its s till around 8-10%.

    if tax breaks make sense at $1.90 they make sense at $4 bucks too;)
     
  3. bripat9643
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    bripat9643 Diamond Member

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    In typical lib fashion, the article never gives any specifics about what the bill actually does. Instead, it offers all kinds of value judgements completely unsupported by any facts.

    In percentage terms, Exxon's profits are not that spectacular.

    Your article is a hatchet job, just like all leftwing journalism.
     
  4. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    We've had this conversation before.

    They paid approximately 40% of their operating income in income taxes around the world.

    And that doesn't count the excise taxes glommed on at the pump. Government taxes on a gallon of gas are higher than Exxon's profit margin.
     
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  5. random3434
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    random3434 Senior Member

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    Viva la Exxon!

    Glad you're on board with them too!


    Got Gas?
     
  6. Political Junky
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    Political Junky Gold Member

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    No, that was profit.
     
  7. Trajan
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    Trajan conscientia mille testes

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    not according to this-


    Somewhat sheepishly, Exxon nets $11 billion

    The Associated Press Apr 30, 2011 12:15AM


    snip-

    Exxon’s profit of $10.65 billion for the first quarter was its highest since it made $14.83 billion in the third quarter of 2008, a record for a publicly traded company. That was also a time of $4-plus gas.


    and snip-
    Cohen said Exxon pays more taxes than any other company in the Standard & Poor’s 500 index — $59 billion in the United States over the past five years.

    After taxes, the company earned $41 billion from U.S. operations during that period.


    Somewhat sheepishly, Exxon nets $11 billion - Post-Tribune
     
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  8. The Infidel
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    The Infidel EVIL CONSERVATIVE

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    Do you even know what their profit margin is?

    Go look at Microsoft or googles profit margin and get back to us.
     
    Last edited: May 5, 2011
  9. The Infidel
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    The Infidel EVIL CONSERVATIVE

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    Google = 28.43%

    Microsoft = 31.76%

    Exxon = 9.53%
     
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  10. Trajan
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    Trajan conscientia mille testes

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    hey, I drive 120 miles a day, I don't relish the thought of $4.40 regular ......but pulling exxons tax breaks will cost us more, they will pass it on.

    how about a federal or state tax moratorium on gas? oh wait they have screwed up the fisc so bad they need every dime they can get.
     
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