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So those three companies pumped about 5 million barrels of crude a day at a profit of about $80 per barrel at today's prices before they made their additional 9% profit on the refinery end.What a load of BS.
All that BS shows is just how much money is skimmed off and hidden to bring the profit per dollar down to 9 cents. It only costs western oil producers at most 25 dollars a barrel of crude, from the hardest to get places like deep water in the Gulf or the tar sands of Canada, that sells for $100+, and that $20 includes the cost of building the pumping facility.
Very little of EXXON stock is owned by average citizens. The bottom 80% of Americans have less than 9% of the stock. So while the number of people who own a mutual fund, etc., may be high, the mean amount of total stock owned by each individual average citizen is minuscule.
Any taxes are passed on to the consumer in the price so the end user is the one paying Big Oil's taxes.
How much Exxon pays for oil - Nov. 6, 2007
To be sure, producing the stuff has made big money for big oil over the last few years. Although it costs a lot less than $90 a barrel to pump, it's still not as cheap as you'd think.
The world's cheapest oil to extract comes from Saudi Arabia and costs $2 a barrel. But that oil, over 8 million barrels a day, is pumped mostly by the Saudi national oil company and is largely off-limits to Western oil firms.
For Western firms, it can cost as little as $5 to $7 a barrel to pump the most easily accessible oil from places like Venezuela or Azerbaijan, said Fadel Gheit, a senior energy analyst at Oppenheimer.
The new math of oil
The costs don't stop there. On top of the $5-$7 production costs, there's also the the money it took to build the pumping facility. At several billion dollars a pop, capital costs typically add another $5 to $7 a barrel.
And that's the cost of producing oil in the cheapest regions of the world. Factor in expensive fields like the deep water Gulf of Mexico, the tar sands of Canada or water-laden output of Texas, and the average production and capital cost is somewhere in the low teens to mid $20s, said Gheit.
nice cherry picking... from your link...
But if production were just the only concern, big oil companies like Exxon Mobil (Charts, Fortune 500), Chevron (Charts, Fortune 500) and ConocoPhillips (Charts, Fortune 500) that both pump and refine oil would have seen record profits in the latest quarter. Unfortunately for these companies, they are also buyers of expensive crude, not just sellers. In fact, they refine more oil than they pump themselves.
A lot more. Exxon refined 5.6 million barrels a day in the third quarter 2007, but only pumped 2.5 million barrels a day. Chevron sold 3.5 million barrels a day of refined products but only pumped 1.7 million barrels of oil. Conoco refined 3.1 million barrels but pumped just 774,000.
These companies don't get a deal on the extra oil they must buy to refine, analysts said.
"Generally speaking, they have to pay fair market," said Peter Tertzakian, chief energy economist at ARC Financial, a Calgary-based private equity firm. "If the refineries need it, they have to buy it."Furthermore, Tertzakian said, accounting rules prevent the production side of a big oil company from giving the refining side a deal on crude. Other rules prevent the movement of crude from one country to another at below-market rates - rules largely designed so oil companies can't skimp on their tax obligations.
"They are subject to market forces, they pay like everybody else," said Gheit.
That's party why oil companies saw profits decline so much last quarter, when crude oil costs rose but gasoline failed to keep up.
Crude oil prices went from about $71 a barrel at the start of the quarter to more than $81 a barrel at the end. Gasoline prices, meanwhile, fell to a national average of $2.81 a gallon from $2.95, according to numbers from the Energy Information Administration.
As a result, Exxon reported at 10 percent drop in profits compared to the same time last year, while Chevron fell 26 percent and Conoco lost 5 percent.
What a load of BS.Regardless of the price, $2, $6, or$10, is the oil company's profit margin greater or lesser than the government's margin (if any) ? Between the government and the oil company, who incurs more risk to get its margin?
1. “The industry’s net profit per dollar of revenue was just under 9 cents, compared to 13 cents for the S&P 500, meaning the “markup” for the oil and gas industry is below average.”
Perhaps the evil oil companies cut back on supply? Wrong again. “The worldwide average number of barrels produced per day was an estimated 84.8 million in 2007, compared to 72.4 million during the period 1986 – 2006.”
On Those Oil Profits - Robert Murphy - Townhall Conservative Columnists - Page 1
2. Terrible how they make those obscene profits on poor folks! It seems that being liberal means never having to provide context. First, let’s compare the profit margin of Big Oil to that of Microsoft, Apple, Google, Johnson & Johnson, Coca-Cola, Nike, etc. The average profit margin for companies in the S & P 500 index was 13 cents. And “The [Oil] industry’s net profit per dollar of revenue was just under 9 cents, compared to… the S&P 500, meaning the “markup” for the oil and gas industry is below average.”
AAPL Key Statistics | Apple Inc. Stock - Yahoo! Finance, available for each company.
So, where are the complaints about ‘Big Sneaker,’ or ‘Big Shampoo’?
And where are the kudos for Big Oil, without which we couldn’t get to work? Or should we go after the owners of Exxon with pitchforks an firebrands? Better not, after all they is us!
3. “Exxon Mobil, in fact, is owned mostly by ordinary Americans. Mutual funds, index funds and pension funds (including union pension funds) own about 52 percent of Exxon Mobil’s shares. Individual shareholders, about two million or so, own almost all the rest. The pooh-bahs who run Exxon own less than 1 percent of the company.” NY Times Advertisement
And, of course, the antibusiness crowd loves stories about how much Big Oil is stealing from the American people! On the contrary, in 2006, the oil industry paid $81 billion in income tax, and while Exxon’s earnings increased 89% from 2003 to 2007, their income taxes increased 170%. Exxon: Profit Pirate or Tax Victim?
4. The non-thinking segment of the public has been conditioned to hate the oil industry. Very few realize the extent to which they are subsidized by this industry. “According to the [Exxon] company's income statement, the amount of taxes it paid in 2008 was 2.5 times as much as its net profit. The $45.2 billion profit figure makes a snappy headline, but the $116.2 billion in taxes that it paid is relegated to a footnote—if that. Exxon's tax bill breaks down like this: income taxes, $36.5 billion; sales-based taxes, $34.5 billion; "all other" taxes, $45.2 billion.” Exxon, Big Oil Profits Evil Only Until You Weigh Their Tax Bills - US News and World Report
5. If Exxon’s 2008 tax bill of $116.2 billion were split equally among all tax filers who pay income tax, each filer’s share would be $1,259/year. Still hate Exxon? The Tax Foundation - Number of Americans Paying Zero Federal Income Tax Grows to 43.4 Million
All that BS shows is just how much money is skimmed off and hidden to bring the profit per dollar down to 9 cents. It only costs western oil producers at most 25 dollars a barrel of crude, from the hardest to get places like deep water in the Gulf or the tar sands of Canada, that sells for $100+, and that $20 includes the cost of building the pumping facility.
Very little of EXXON stock is owned by average citizens. The bottom 80% of Americans have less than 9% of the stock. So while the number of people who own a mutual fund, etc., may be high, the mean amount of total stock owned by each individual average citizen is minuscule.
Any taxes are passed on to the consumer in the price so the end user is the one paying Big Oil's taxes.
How much Exxon pays for oil - Nov. 6, 2007
To be sure, producing the stuff has made big money for big oil over the last few years. Although it costs a lot less than $90 a barrel to pump, it's still not as cheap as you'd think.
The world's cheapest oil to extract comes from Saudi Arabia and costs $2 a barrel. But that oil, over 8 million barrels a day, is pumped mostly by the Saudi national oil company and is largely off-limits to Western oil firms.
For Western firms, it can cost as little as $5 to $7 a barrel to pump the most easily accessible oil from places like Venezuela or Azerbaijan, said Fadel Gheit, a senior energy analyst at Oppenheimer.
The new math of oil
The costs don't stop there. On top of the $5-$7 production costs, there's also the the money it took to build the pumping facility. At several billion dollars a pop, capital costs typically add another $5 to $7 a barrel.
And that's the cost of producing oil in the cheapest regions of the world. Factor in expensive fields like the deep water Gulf of Mexico, the tar sands of Canada or water-laden output of Texas, and the average production and capital cost is somewhere in the low teens to mid $20s, said Gheit.
What a load of BS.1. The industrys net profit per dollar of revenue was just under 9 cents, compared to 13 cents for the S&P 500, meaning the markup for the oil and gas industry is below average.
Perhaps the evil oil companies cut back on supply? Wrong again. The worldwide average number of barrels produced per day was an estimated 84.8 million in 2007, compared to 72.4 million during the period 1986 2006.
On Those Oil Profits - Robert Murphy - Townhall Conservative Columnists - Page 1
2. Terrible how they make those obscene profits on poor folks! It seems that being liberal means never having to provide context. First, lets compare the profit margin of Big Oil to that of Microsoft, Apple, Google, Johnson & Johnson, Coca-Cola, Nike, etc. The average profit margin for companies in the S & P 500 index was 13 cents. And The [Oil] industrys net profit per dollar of revenue was just under 9 cents, compared to the S&P 500, meaning the markup for the oil and gas industry is below average.
AAPL Key Statistics | Apple Inc. Stock - Yahoo! Finance, available for each company.
So, where are the complaints about Big Sneaker, or Big Shampoo?
And where are the kudos for Big Oil, without which we couldnt get to work? Or should we go after the owners of Exxon with pitchforks an firebrands? Better not, after all they is us!
3. Exxon Mobil, in fact, is owned mostly by ordinary Americans. Mutual funds, index funds and pension funds (including union pension funds) own about 52 percent of Exxon Mobils shares. Individual shareholders, about two million or so, own almost all the rest. The pooh-bahs who run Exxon own less than 1 percent of the company. NY Times Advertisement
And, of course, the antibusiness crowd loves stories about how much Big Oil is stealing from the American people! On the contrary, in 2006, the oil industry paid $81 billion in income tax, and while Exxons earnings increased 89% from 2003 to 2007, their income taxes increased 170%. Exxon: Profit Pirate or Tax Victim?
4. The non-thinking segment of the public has been conditioned to hate the oil industry. Very few realize the extent to which they are subsidized by this industry. According to the [Exxon] company's income statement, the amount of taxes it paid in 2008 was 2.5 times as much as its net profit. The $45.2 billion profit figure makes a snappy headline, but the $116.2 billion in taxes that it paid is relegated to a footnoteif that. Exxon's tax bill breaks down like this: income taxes, $36.5 billion; sales-based taxes, $34.5 billion; "all other" taxes, $45.2 billion. Exxon, Big Oil Profits Evil Only Until You Weigh Their Tax Bills - US News and World Report
5. If Exxons 2008 tax bill of $116.2 billion were split equally among all tax filers who pay income tax, each filers share would be $1,259/year. Still hate Exxon? The Tax Foundation - Number of Americans Paying Zero Federal Income Tax Grows to 43.4 Million
All that BS shows is just how much money is skimmed off and hidden to bring the profit per dollar down to 9 cents. It only costs western oil producers at most 25 dollars a barrel of crude, from the hardest to get places like deep water in the Gulf or the tar sands of Canada, that sells for $100+, and that $20 includes the cost of building the pumping facility.
Very little of EXXON stock is owned by average citizens. The bottom 80% of Americans have less than 9% of the stock. So while the number of people who own a mutual fund, etc., may be high, the mean amount of total stock owned by each individual average citizen is minuscule.
Any taxes are passed on to the consumer in the price so the end user is the one paying Big Oil's taxes.
How much Exxon pays for oil - Nov. 6, 2007
To be sure, producing the stuff has made big money for big oil over the last few years. Although it costs a lot less than $90 a barrel to pump, it's still not as cheap as you'd think.
The world's cheapest oil to extract comes from Saudi Arabia and costs $2 a barrel. But that oil, over 8 million barrels a day, is pumped mostly by the Saudi national oil company and is largely off-limits to Western oil firms.
For Western firms, it can cost as little as $5 to $7 a barrel to pump the most easily accessible oil from places like Venezuela or Azerbaijan, said Fadel Gheit, a senior energy analyst at Oppenheimer.
The new math of oil
The costs don't stop there. On top of the $5-$7 production costs, there's also the the money it took to build the pumping facility. At several billion dollars a pop, capital costs typically add another $5 to $7 a barrel.
And that's the cost of producing oil in the cheapest regions of the world. Factor in expensive fields like the deep water Gulf of Mexico, the tar sands of Canada or water-laden output of Texas, and the average production and capital cost is somewhere in the low teens to mid $20s, said Gheit.
"What a load of BS."
I LOVE IT when you Lefties get put in your place, and you whine "What a load of BS."
It's better than you waving a white flag!!
"What a load of BS."
Facts, data, knowledge....doesn't mean a hill of beans to a Leftie with an ideology!!
What is the best response to reality?
"What a load of BS."
And, did you see how Brownie ripped you a new one? (post #13)
I know: "What a load of BS."
Is this 'piling on'?
Regardless of the price, $2, $6, or$10, is the oil company's profit margin greater or lesser than the government's margin (if any) ? Between the government and the oil company, who incurs more risk to get its margin?
Regardless of the price, $2, $6, or$10, is the oil company's profit margin greater or lesser than the government's margin (if any) ? Between the government and the oil company, who incurs more risk to get its margin?
The government makes no profit. The gas tax is around 18 cents on a gallon and it is reinvested in infrastructure.
It just kills you wing nutzies when someone knows the facts and data you dishonestly leave out!What a load of BS.1. The industrys net profit per dollar of revenue was just under 9 cents, compared to 13 cents for the S&P 500, meaning the markup for the oil and gas industry is below average.
Perhaps the evil oil companies cut back on supply? Wrong again. The worldwide average number of barrels produced per day was an estimated 84.8 million in 2007, compared to 72.4 million during the period 1986 2006.
On Those Oil Profits - Robert Murphy - Townhall Conservative Columnists - Page 1
2. Terrible how they make those obscene profits on poor folks! It seems that being liberal means never having to provide context. First, lets compare the profit margin of Big Oil to that of Microsoft, Apple, Google, Johnson & Johnson, Coca-Cola, Nike, etc. The average profit margin for companies in the S & P 500 index was 13 cents. And The [Oil] industrys net profit per dollar of revenue was just under 9 cents, compared to the S&P 500, meaning the markup for the oil and gas industry is below average.
AAPL Key Statistics | Apple Inc. Stock - Yahoo! Finance, available for each company.
So, where are the complaints about Big Sneaker, or Big Shampoo?
And where are the kudos for Big Oil, without which we couldnt get to work? Or should we go after the owners of Exxon with pitchforks an firebrands? Better not, after all they is us!
3. Exxon Mobil, in fact, is owned mostly by ordinary Americans. Mutual funds, index funds and pension funds (including union pension funds) own about 52 percent of Exxon Mobils shares. Individual shareholders, about two million or so, own almost all the rest. The pooh-bahs who run Exxon own less than 1 percent of the company. NY Times Advertisement
And, of course, the antibusiness crowd loves stories about how much Big Oil is stealing from the American people! On the contrary, in 2006, the oil industry paid $81 billion in income tax, and while Exxons earnings increased 89% from 2003 to 2007, their income taxes increased 170%. Exxon: Profit Pirate or Tax Victim?
4. The non-thinking segment of the public has been conditioned to hate the oil industry. Very few realize the extent to which they are subsidized by this industry. According to the [Exxon] company's income statement, the amount of taxes it paid in 2008 was 2.5 times as much as its net profit. The $45.2 billion profit figure makes a snappy headline, but the $116.2 billion in taxes that it paid is relegated to a footnoteif that. Exxon's tax bill breaks down like this: income taxes, $36.5 billion; sales-based taxes, $34.5 billion; "all other" taxes, $45.2 billion. Exxon, Big Oil Profits Evil Only Until You Weigh Their Tax Bills - US News and World Report
5. If Exxons 2008 tax bill of $116.2 billion were split equally among all tax filers who pay income tax, each filers share would be $1,259/year. Still hate Exxon? The Tax Foundation - Number of Americans Paying Zero Federal Income Tax Grows to 43.4 Million
All that BS shows is just how much money is skimmed off and hidden to bring the profit per dollar down to 9 cents. It only costs western oil producers at most 25 dollars a barrel of crude, from the hardest to get places like deep water in the Gulf or the tar sands of Canada, that sells for $100+, and that $20 includes the cost of building the pumping facility.
Very little of EXXON stock is owned by average citizens. The bottom 80% of Americans have less than 9% of the stock. So while the number of people who own a mutual fund, etc., may be high, the mean amount of total stock owned by each individual average citizen is minuscule.
Any taxes are passed on to the consumer in the price so the end user is the one paying Big Oil's taxes.
How much Exxon pays for oil - Nov. 6, 2007
To be sure, producing the stuff has made big money for big oil over the last few years. Although it costs a lot less than $90 a barrel to pump, it's still not as cheap as you'd think.
The world's cheapest oil to extract comes from Saudi Arabia and costs $2 a barrel. But that oil, over 8 million barrels a day, is pumped mostly by the Saudi national oil company and is largely off-limits to Western oil firms.
For Western firms, it can cost as little as $5 to $7 a barrel to pump the most easily accessible oil from places like Venezuela or Azerbaijan, said Fadel Gheit, a senior energy analyst at Oppenheimer.
The new math of oil
The costs don't stop there. On top of the $5-$7 production costs, there's also the the money it took to build the pumping facility. At several billion dollars a pop, capital costs typically add another $5 to $7 a barrel.
And that's the cost of producing oil in the cheapest regions of the world. Factor in expensive fields like the deep water Gulf of Mexico, the tar sands of Canada or water-laden output of Texas, and the average production and capital cost is somewhere in the low teens to mid $20s, said Gheit.
"What a load of BS."
I LOVE IT when you Lefties get put in your place, and you whine "What a load of BS."
It's better than you waving a white flag!!
"What a load of BS."
Facts, data, knowledge....doesn't mean a hill of beans to a Leftie with an ideology!!
What is the best response to reality?
"What a load of BS."
And, did you see how Brownie ripped you a new one? (post #13)
I know: "What a load of BS."
Is this 'piling on'?
And a half-truth is still a whole lie!What a load of BS.
All that BS shows is just how much money is skimmed off and hidden to bring the profit per dollar down to 9 cents. It only costs western oil producers at most 25 dollars a barrel of crude, from the hardest to get places like deep water in the Gulf or the tar sands of Canada, that sells for $100+, and that $20 includes the cost of building the pumping facility.
Very little of EXXON stock is owned by average citizens. The bottom 80% of Americans have less than 9% of the stock. So while the number of people who own a mutual fund, etc., may be high, the mean amount of total stock owned by each individual average citizen is minuscule.
Any taxes are passed on to the consumer in the price so the end user is the one paying Big Oil's taxes.
How much Exxon pays for oil - Nov. 6, 2007
To be sure, producing the stuff has made big money for big oil over the last few years. Although it costs a lot less than $90 a barrel to pump, it's still not as cheap as you'd think.
The world's cheapest oil to extract comes from Saudi Arabia and costs $2 a barrel. But that oil, over 8 million barrels a day, is pumped mostly by the Saudi national oil company and is largely off-limits to Western oil firms.
For Western firms, it can cost as little as $5 to $7 a barrel to pump the most easily accessible oil from places like Venezuela or Azerbaijan, said Fadel Gheit, a senior energy analyst at Oppenheimer.
The new math of oil
The costs don't stop there. On top of the $5-$7 production costs, there's also the the money it took to build the pumping facility. At several billion dollars a pop, capital costs typically add another $5 to $7 a barrel.
And that's the cost of producing oil in the cheapest regions of the world. Factor in expensive fields like the deep water Gulf of Mexico, the tar sands of Canada or water-laden output of Texas, and the average production and capital cost is somewhere in the low teens to mid $20s, said Gheit.
"What a load of BS."
I LOVE IT when you Lefties get put in your place, and you whine "What a load of BS."
It's better than you waving a white flag!!
"What a load of BS."
Facts, data, knowledge....doesn't mean a hill of beans to a Leftie with an ideology!!
What is the best response to reality?
"What a load of BS."
And, did you see how Brownie ripped you a new one? (post #13)
I know: "What a load of BS."
Is this 'piling on'?
Nope. A load of BS is a load of BS.
Lefties don't like facts getting in the way of a good lie.
Is that piling on??
Actually it's 9%, but again that is ONLY refining profit.The profit margin on gas is about 6%, which is 24 cents on 4 dollar gas.
So, even if you wrongly assume that the gas tax of 18 cents is somehow 'profit',
it's still lower than what the sellers of the gasoline are making.
Actually it's 9%, but again that is ONLY refining profit.The profit margin on gas is about 6%, which is 24 cents on 4 dollar gas.
So, even if you wrongly assume that the gas tax of 18 cents is somehow 'profit',
it's still lower than what the sellers of the gasoline are making.
Big Oil makes a profit pumping the oil out of the ground!!!!! The most expensive oil to pump, like from deep water in the Gulf or tar sand in Canada only costs $25 per barrel to pump and that is including all infrastructure costs in pumping it. At $106 per barrel today that is a whopping 76% profit margin.
For an industry that's getting raked over the coals by the government, they sure are making some hefty profits.
For an industry that's getting raked over the coals by the government, they sure are making some hefty profits.
For an industry that's getting raked over the coals by the government, they sure are making some hefty profits.
yeah.....6% is one hefty profit!
Once CON$ sink their teeth into a lie, they never let go even after being exposed to the truth. Many oil companies, like EXXON/Mobile, Chevron, Conoco/Philips, etc., pump oil as well as refine it and therefore make a lot more than just the 9% from refining the crude and that's why you are paying $3.75For an industry that's getting raked over the coals by the government, they sure are making some hefty profits.
So lets make it so they make 0% profit...
Take that 6% or 24 cents off the price of a gallon of gas....and we are still paying $3.75
Yep....seems the oil companies are to blame.
Actually it's 9%, but again that is ONLY refining profit.The profit margin on gas is about 6%, which is 24 cents on 4 dollar gas.
So, even if you wrongly assume that the gas tax of 18 cents is somehow 'profit',
it's still lower than what the sellers of the gasoline are making.
Big Oil makes a profit pumping the oil out of the ground!!!!! The most expensive oil to pump, like from deep water in the Gulf or tar sand in Canada only costs $25 per barrel to pump and that is including all infrastructure costs in pumping it. At $106 per barrel today that is a whopping 76% profit margin.
It just kills you wing nutzies when someone knows the facts and data you dishonestly leave out!What a load of BS.
All that BS shows is just how much money is skimmed off and hidden to bring the profit per dollar down to 9 cents. It only costs western oil producers at most 25 dollars a barrel of crude, from the hardest to get places like deep water in the Gulf or the tar sands of Canada, that sells for $100+, and that $20 includes the cost of building the pumping facility.
Very little of EXXON stock is owned by average citizens. The bottom 80% of Americans have less than 9% of the stock. So while the number of people who own a mutual fund, etc., may be high, the mean amount of total stock owned by each individual average citizen is minuscule.
Any taxes are passed on to the consumer in the price so the end user is the one paying Big Oil's taxes.
How much Exxon pays for oil - Nov. 6, 2007
To be sure, producing the stuff has made big money for big oil over the last few years. Although it costs a lot less than $90 a barrel to pump, it's still not as cheap as you'd think.
The world's cheapest oil to extract comes from Saudi Arabia and costs $2 a barrel. But that oil, over 8 million barrels a day, is pumped mostly by the Saudi national oil company and is largely off-limits to Western oil firms.
For Western firms, it can cost as little as $5 to $7 a barrel to pump the most easily accessible oil from places like Venezuela or Azerbaijan, said Fadel Gheit, a senior energy analyst at Oppenheimer.
The new math of oil
The costs don't stop there. On top of the $5-$7 production costs, there's also the the money it took to build the pumping facility. At several billion dollars a pop, capital costs typically add another $5 to $7 a barrel.
And that's the cost of producing oil in the cheapest regions of the world. Factor in expensive fields like the deep water Gulf of Mexico, the tar sands of Canada or water-laden output of Texas, and the average production and capital cost is somewhere in the low teens to mid $20s, said Gheit.
"What a load of BS."
I LOVE IT when you Lefties get put in your place, and you whine "What a load of BS."
It's better than you waving a white flag!!
"What a load of BS."
Facts, data, knowledge....doesn't mean a hill of beans to a Leftie with an ideology!!
What is the best response to reality?
"What a load of BS."
And, did you see how Brownie ripped you a new one? (post #13)
I know: "What a load of BS."
Is this 'piling on'?
Your copy and paste from TownHall and "Brownie" both only gave the 9% profit from refining the crude. Pumping the crude from the most expensive places only costs about $25 per barrel that is now selling for $106 per barrel. Somehow that profit margin didn't make it into either of your "facts and data."
CON$ have learned that the best way to lie is tell just enough truth and then shut up, which it why I accurately called your C&P HALF-TRUTHS the BS they are.
The best liar is he who makes the smallest amount of lying go the longest way.
Samuel Butler
Beware of the half-truth. You may have gotten hold of the wrong half.
- Seymour Essrog
A half-truth is a whole lie.
- Yiddish Proverb
It just kills you CON$ when I post the facts and data you dishonestly leave out.It just kills you wing nutzies when someone knows the facts and data you dishonestly leave out!"What a load of BS."
I LOVE IT when you Lefties get put in your place, and you whine "What a load of BS."
It's better than you waving a white flag!!
"What a load of BS."
Facts, data, knowledge....doesn't mean a hill of beans to a Leftie with an ideology!!
What is the best response to reality?
"What a load of BS."
And, did you see how Brownie ripped you a new one? (post #13)
I know: "What a load of BS."
Is this 'piling on'?
Your copy and paste from TownHall and "Brownie" both only gave the 9% profit from refining the crude. Pumping the crude from the most expensive places only costs about $25 per barrel that is now selling for $106 per barrel. Somehow that profit margin didn't make it into either of your "facts and data."
CON$ have learned that the best way to lie is tell just enough truth and then shut up, which it why I accurately called your C&P HALF-TRUTHS the BS they are.
The best liar is he who makes the smallest amount of lying go the longest way.
Samuel Butler
Beware of the half-truth. You may have gotten hold of the wrong half.
- Seymour Essrog
A half-truth is a whole lie.
- Yiddish Proverb
This was the best part of your post: "... wing nutzies ...."
For an industry that's getting raked over the coals by the government, they sure are making some hefty profits.
So lets make it so they make 0% profit...
Take that 6% or 24 cents off the price of a gallon of gas....and we are still paying $3.75
Yep....seems the oil companies are to blame.
It just kills you CON$ when I post the facts and data you dishonestly leave out.It just kills you wing nutzies when someone knows the facts and data you dishonestly leave out!
Your copy and paste from TownHall and "Brownie" both only gave the 9% profit from refining the crude. Pumping the crude from the most expensive places only costs about $25 per barrel that is now selling for $106 per barrel. Somehow that profit margin didn't make it into either of your "facts and data."
CON$ have learned that the best way to lie is tell just enough truth and then shut up, which it why I accurately called your C&P HALF-TRUTHS the BS they are.
The best liar is he who makes the smallest amount of lying go the longest way.
Samuel Butler
Beware of the half-truth. You may have gotten hold of the wrong half.
- Seymour Essrog
A half-truth is a whole lie.
- Yiddish Proverb
This was the best part of your post: "... wing nutzies ...."
CON$ lie to a person's level of ignorance. CON$ always leave out something they hope you will not know and then play dumb if you know what they deliberately left out.
