As Profits Soar, Unapologetic Oil Industry Linked to Al-Qaeda Arms Deals

Discussion in 'Economy' started by fabb1963, Apr 29, 2006.

  1. fabb1963
    Offline

    fabb1963 Member

    Joined:
    Feb 19, 2006
    Messages:
    49
    Thanks Received:
    2
    Trophy Points:
    6
    Ratings:
    +2
  2. MtnBiker
    Offline

    MtnBiker Senior Member

    Joined:
    Sep 28, 2003
    Messages:
    4,327
    Thanks Received:
    230
    Trophy Points:
    48
    Location:
    Rocky Mountains
    Ratings:
    +230
    It is mostly a writing of fiction.

    I guess it is pretty fun for people to write stories when they can make up quotes.
     
  3. BaronVonBigmeat
    Offline

    BaronVonBigmeat Senior Member

    Joined:
    Sep 20, 2005
    Messages:
    1,185
    Thanks Received:
    160
    Trophy Points:
    48
    Ratings:
    +160
    "Bringing the Reality of Politically Incorrect News to Your Desktop"

    They say this, but then have a faux-news story blaming big corporate profits for the rise in gas prices? Heh, that's as politically correct as you can get. "Politically Incorrect" would be pointing out that GOVERNMENT is responsible for our high gas prices.

    Ironically Speaking, indeed.
     
  4. fabb1963
    Offline

    fabb1963 Member

    Joined:
    Feb 19, 2006
    Messages:
    49
    Thanks Received:
    2
    Trophy Points:
    6
    Ratings:
    +2
    I think the story half wait hints to the government either being indirectly responsible through the blind eye or in cahoots and defending their profits.
     
  5. Mr. P
    Offline

    Mr. P Senior Member

    Joined:
    Aug 5, 2004
    Messages:
    11,329
    Thanks Received:
    618
    Trophy Points:
    48
    Location:
    South of the Mason Dixon
    Ratings:
    +618
    :laugh: The story is total BULLSHIT you moron.
    Tell me are the profits gross, or net? Didn't say did it? Suck it up man, companies make profit or fail.
     
  6. MtnBiker
    Offline

    MtnBiker Senior Member

    Joined:
    Sep 28, 2003
    Messages:
    4,327
    Thanks Received:
    230
    Trophy Points:
    48
    Location:
    Rocky Mountains
    Ratings:
    +230
  7. fabb1963
    Offline

    fabb1963 Member

    Joined:
    Feb 19, 2006
    Messages:
    49
    Thanks Received:
    2
    Trophy Points:
    6
    Ratings:
    +2
    "The combined first-quarter revenue of Exxon, Chevron and ConocoPhillips totaled $191.5 billion _ more than the individual gross domestic products of 189 different countries, including the likes of Chile, Denmark, Peru and Venezuela, according to statistics compiled by the Central Intelligence Agency."


    Mr. P says "Companies make profits or fail"

    I guess we have to say the same about countries then.
     
  8. Mr. P
    Offline

    Mr. P Senior Member

    Joined:
    Aug 5, 2004
    Messages:
    11,329
    Thanks Received:
    618
    Trophy Points:
    48
    Location:
    South of the Mason Dixon
    Ratings:
    +618
    Only if yer an idiot. Countries aren't a business. You're really reaching here.
    How old are you?
     
  9. manu1959
    Offline

    manu1959 Left Coast Isolationist

    Joined:
    Oct 28, 2004
    Messages:
    13,761
    Thanks Received:
    1,625
    Trophy Points:
    48
    Location:
    california
    Ratings:
    +1,626
    so what
     
  10. Hobbit
    Offline

    Hobbit Senior Member

    Joined:
    Mar 25, 2004
    Messages:
    5,099
    Thanks Received:
    420
    Trophy Points:
    48
    Location:
    Near Atlanta, GA
    Ratings:
    +421
    Exxon made a profit of $38 billion last year. They also paid $100 billion in federal income taxes. The catch? With Exxon's profit margin already at 8%, less than half that of the average bank or pharmecuetical company, that full $100 billion was levied against everyone who gassed up at an Exxon station. But wait! There's more! Exxon makes about $.20/gal sold. The government, combined state, local, and federal, levies $.50/gal in gas tax. Now, if we do the math, that means that the government collected $95 billion in gas tax. If we couple that with income tax, Exxon's 'windfall' of $38 billion has already enriched our bloated, self-absorbed, elitist, out of touch, political board game of a government by almost $200 billion, and now, that same government wants yet ANOTHER chunk of the $38 billion.

    psst. If we have individual companies breaking the GDP of decent sized countries, that's a good thing. It means our economy rocks.
     

Share This Page