Be ready to pay at least 4% more at the gas pump in a few months because Biden "guarantees to rid fossil fuels"!

[healthmyths]

That's the problem with record-setting dividend payments ... Big Oil has to raise prices to set a new record this year ...

And who do you think gets these dividends payments? Wealthy people? CEOs of oil companies...
AGAIN facts are so easy to come by so why do people believe the myths made up by jealous people?
As it turns out, oil and gas companies, like most large American corporations,
are not owned by a few wealthy individuals.
Instead, they are owned by
millions of ordinary Americans and foreigners, often through their retirement savings.
Contrary to popular belief, only about
one percent of the shares of the five major oil companies are held by officers and directors of these companies.
The rest is held by institutional investors and individual Americans, mostly in retirement accounts.

Who Really Owns the Oil Companies?

Many Americans believe that the oil and gas industry is owned by a few wealthy industrialists whose profits can easily be taxed away.

manhattan.institute

But as people like ReinyDays.. are wont to do, they believe the myths about those "greedy wealthy fat cats" especially in the oil industry! 99% of the 5 major oil companies ARE NOT HELD by officers and directors... "FAT CATS"!

FACTS: Who Really Owns the Oil Companies?

 

[struth]

Well damn, now ya done it.

He said the "C" word, guys.

View attachment 932015

Being fat drunk and stupid won’t get you far in life

 

[struth]

Raising the lease on the wells didn't drive their costs up 15%. Those fees are chicken feed to the oil companies.

You are stupid

 

[Rambunctious]

Awesome, they had a $36 billion profit just this year.

that's $166 million a year over the next nine years.

leaving the oil companies $35,834,000.00 a year in profits.

A drop in the bucket, as I've been saying.

GAS in CA today... $5.65 per gal and rising.... blue states getting ripped off by Biden policies... gotta love it....

 

[Rambunctious]

You are stupid

Crepitus is as dumb as a lump of coal....

 

[Rambunctious]

Oh look, you changed the subject.

Your surrender is accepted.

But I ain't gonna buy the T-shirt.

So you wear a T shirt over your bra?.... is that some new tranny thing?...

 

[Rambunctious]

Why did you ignore my post?

Because you are full of shit....

 

[Crepitus]

AGAIN you forget the premise that the oil companies simply pass on this $166 million a year to their customers who will pass on raising their costs to their customers, gas stations, etc. and other products that use oil that WE consumers will play!

So you are a communist is that right? NO capitalism for you.
Makes sense. So if you are employed are you making more than some of the lesser paid employees?
You realize in a socialized anti-capitalism society you are paid exactly the same as someone with lesser education experiences, etc. everyone paid the same.
Explain something to me... Putin the head of a communist state has been projected as a billionaire.
Even though Vladimir Putin officially claims an annual salary of $140,000, the Russian President's reported net worth and lifestyle tell a different tale.
While Putin acknowledges ownership of an 800-square-foot apartment, a trailer, and three cars, persistent rumours suggest a more extravagant reality. Reports suggest that Putin's personal wealth stood at a staggering $200 billion.

World's Richest Politician Is Worth $200 Billion, Owns A $700 Million Jet

Despite officially claiming an annual salary of $140,000, Russian President Vladimir Putin's reported net worth and lifestyle tell a different tale.

www.ndtv.com

Annual Household Income per Capita data is updated yearly, available from Dec 1992 to Dec 2023, with an averaged value of 5,703.074 USD.
Indicators percapita#:~:text=Russia%20Annual%20Household%20Income%20per,averaged%20value%20of%205%2C703.074%20USD

The national median household income is $74,580, according to the most recent U.S. Census Bureau Current Population Survey data for 2022.

What Is the Median Household Income? - NerdWallet

Median household income declined from 2021 to 2022 by 2.3%, according to 2022 U.S. Census Bureau data.

www.nerdwallet.com

So being the communist supporter as you appear, are you telling me you'd prefer an economy that is less than 8% of what a capitalism society provides?

But wait... why would the Russian worker have to pay..
As of January 2021, tax residents pay a 13% tax rate on an annual income of up to 5 million p.
Income above this limit is subject to 15% taxes

Taxes in Russia: the complete guide for expats

Find out who has to pay taxes and what the local tax rates are.

www.expatica.com

Just in case you can't seem to use the internet a "P" is a Russian Ruble which converting 5 million Rubles equals
$53,600 or the equavalent of almost $7,000 in Russian taxes.

Russian rubles to US dollars Exchange Rate. Convert RUB/USD - Wise

Convert RUB to USD with the Wise Currency Converter. Analyze historical currency charts or live Russian ruble / US dollar rates and get free rate alerts directly to your email.

wise.com

Oh, so you are OK with them ripping you off then.

You do you, mang.

 

[surada]

Big oil is going for stability rather than boom and bust. It's a good thing and long overdue. Hats off to US oilmen.

 

[Mac-7]

By drilling more than ever before?

Seems counterintuitive.

Biden promised to destroy the fossil fuel industry

But political reality in the way of sky high prices at the pump forced him to backtrack

Now he wants to take credit for production that he intended to prevent

 

[Crepitus]

Being fat drunk and stupid won’t get you far in life

You speak for experience, I can tell.

 

[Crepitus]

You are stupid

Right back atcha. lady.

 

[Crepitus]

GAS in CA today... $5.65 per gal and rising.... blue states getting ripped off by Biden policies... gotta love it....

LMAO!!!

OPEC, Iran, and Russia are to blame for increasing oil prices, while oil company greed is to blame for increased prices at the [ump.

 

[Crepitus]

Crepitus is as dumb as a lump of coal....

And yet still miles ahead of you guys.

 

[Crepitus]

So you wear a T shirt over your bra?.... is that some new tranny thing?...

Your mindless babble grows tiresome.

Away with you, peasant.

 

[Crepitus]

Because you are full of shit....

Too many big words for ya?

 

[leftwinger]

Raising the lease on the wells didn't drive their costs up 15%. Those fees are chicken feed to the oil companies.

You can get your own company and extract Oil and sell it to refineries for less if you don’t like how things are going and you know more than them? ignorant cottage cheese dic’d baboon.

 

[leftwinger]

Awesome, they had a $36 billion profit just this year.

that's $166 million a year over the next nine years.

leaving the oil companies $35,834,000.00 a year in profits.

A drop in the bucket, as I've been saying.

I an glad for them to offset years with losses. Who are you to decide what they make. On what revenue? Selective outrage again and again from communist lunatics. Is Microsoft selling at a loss?

 

[Crepitus]

I an glad for them to offset years with losses. Who are you to decide what they make. On what revenue? Selective outrage again and again from communist lunatics. Is Microsoft selling at a loss?

Why are you OK with these people ripping you off?

 

[leftwinger]

Why are you OK with these people ripping you off?

my car wont get me to work without it. Your OK with homeO Apple ripping you off right pantyhoser?