Its not inflation, its price-gouging

[Synthaholic]

More evidence every day that corporations are making record profits.

Exxon Mobil: highest profit in 7 years
Chevron: highest profit in 7 years
Shell: highest profit in 7 years
BP: highest profit in 8 years
Gas prices: highest in 7 years

 

[Mac1958]

More evidence every day that corporations are making record profits.

Exxon Mobil: highest profit in 7 years
Chevron: highest profit in 7 years
Shell: highest profit in 7 years
BP: highest profit in 8 years
Gas prices: highest in 7 years

I was thinking about this, this morning.

The next few quarters' earnings reports could be pretty interesting.

 

[marvin martian]

More evidence every day that corporations are making record profits.

Exxon Mobil: highest profit in 7 years
Chevron: highest profit in 7 years
Shell: highest profit in 7 years
BP: highest profit in 8 years
Gas prices: highest in 7 years

Yes, Joe Biden has been very good for Big Oil. What did you expect?

Let's go, Brandon!

 

[Rye Catcher]

Yes, Joe Biden has been very good for Big Oil. What did you expect?

Let's go, Brandon!

Another hateful post on our President. Your hate is pathological, as I have noted in a prior comment to your mental illness.

 

[Canon Shooter]

More evidence every day that corporations are making record profits.

Exxon Mobil: highest profit in 7 years
Chevron: highest profit in 7 years
Shell: highest profit in 7 years
BP: highest profit in 8 years
Gas prices: highest in 7 years

Why do you have a problem with corporations making money? Why shouldn't a corporation make more this year than in years previous?

I'll anxiously await your reply...

 

[22lcidw]

More evidence every day that corporations are making record profits.

Exxon Mobil: highest profit in 7 years
Chevron: highest profit in 7 years
Shell: highest profit in 7 years
BP: highest profit in 8 years
Gas prices: highest in 7 years

The profits oil companies make is not sophisticated. They add their cut to the costs. It is government that gets in their way and foreign distress that causes wild price swings.

 

[Donald H]

More evidence every day that corporations are making record profits.

Exxon Mobil: highest profit in 7 years
Chevron: highest profit in 7 years
Shell: highest profit in 7 years
BP: highest profit in 8 years
Gas prices: highest in 7 years

Do you have a solution?
If so then does it interfere with the capitalist system of supply and demand?

Do any possible solutions include 'socially' responsible government action?

 

[White 6]

More evidence every day that corporations are making record profits.

Exxon Mobil: highest profit in 7 years
Chevron: highest profit in 7 years
Shell: highest profit in 7 years
BP: highest profit in 8 years
Gas prices: highest in 7 years

Some of it, definitely is. Some of it, is demand curve outstripping supply and logistics, but suppliers having no motivation to produce more or faster, as it would be counter to easier profits, while in control of short and long term resources.

 

[Synthaholic]

Another hateful post on our President. Your hate is pathological, as I have noted in a prior comment to your mental illness.

He's a troll who I treat as a troll. Like a gnat.

 

[Synthaholic]

Why do you have a problem with corporations making money? Why shouldn't a corporation make more this year than in years previous?

I'll anxiously await your reply...

You think corporations should be guaranteed ever higher revenue?

 

[Synthaholic]

Why do you have a problem with corporations making money? Why shouldn't a corporation make more this year than in years previous?

I'll anxiously await your reply...

Why are profits so high if there is so much inflation? Not prices, profits?

 

[Mac1958]

Another hateful post on our President. Your hate is pathological, as I have noted in a prior comment to your mental illness.

BDS is sad to watch.

 

[TeeDub]

More evidence every day that corporations are making record profits.

Exxon Mobil: highest profit in 7 years
Chevron: highest profit in 7 years
Shell: highest profit in 7 years
BP: highest profit in 8 years
Gas prices: highest in 7 years

Thank Biden and the push for "Green Energy". When Trump was President the oil companies were pumping to a point we were exporting oil and fuel, driving the GLOBAL prices down to a point OPEC cut production. Oil was $48 a barrel, now it is almost $90 a barrel because of short supply. Trump didn't care because it created JOBS averaging well over $100,000 a year for field workers. Joe cut production leases and new pipelines costing well paying jobs and driving up prices because people are driving and flying again all over the world which was not ready for enough "green energy". Why do you think Europe is at the mercy of Russia and their pipelines now, not to mention we are now buying oil from Russia! The companies were producing more oil but there was no shortages of product like Joe CREATED, driving up the cost to consumers creating more profits for the "evil oil companies". Now we are at their mercy thanks to Joe. You are a fool if you can't see it. My portfolio loves it!

 

[martybegan]

You think corporations should be guaranteed ever higher revenue?

What's the percentage value of an oil companies profit on a gallon of gas compared to the government's "profit" i.e. taxes?

 

[Wyatt earp]

From the liberal playbook, fuck up and blame someone or something else...

 

[Meathead]

More evidence every day that corporations are making record profits.

Exxon Mobil: highest profit in 7 years
Chevron: highest profit in 7 years
Shell: highest profit in 7 years
BP: highest profit in 8 years
Gas prices: highest in 7 years

Joe told us the meat producers were gouging. Besides, his administration said it only affects the rich.

 

[Donald H]

Some of it, definitely is. Some of it, is demand curve outstripping supply and logistics, but suppliers having no motivation to produce more or faster, as it would be counter to easier profits, while in control of short and long term resources.

Good for you! You understand the capitalist system's working, and then dig a bit deeper into the question.

Each time the issue of capitalism, it's successes or it's failings is introduced to this forum, there will be a slight increase in a more sophisticated understanding of the topic.

Eventually the rightists will begin to speak of and think of 'social' responsibility in government for the purpose of finding solutions.

You're contributing by at leasst presenting some of the pitfalls of 'greedy' capitalism.

 

[C_Clayton_Jones]

More evidence every day that corporations are making record profits.

Exxon Mobil: highest profit in 7 years
Chevron: highest profit in 7 years
Shell: highest profit in 7 years
BP: highest profit in 8 years
Gas prices: highest in 7 years

Correct.

Retailers are going to keep prices high even though the root cause of inflation has ended.

 

[Meathead]

Why are profits so high if there is so much inflation? Not prices, profits?

If profits didn't adjust to inflation, who would invest? The question should be if profits themselves are the result of inflation.

The Biden economy resulted in 7.5% inflation.,the highest in 50 years and you're bitching about the highest profits in less than 10 year? What do you expect?

You're an idiot.

 

[Canon Shooter]

You think corporations should be guaranteed ever higher revenue?

No, I think you should try exercising some brain cells and answer the question you were asked.

Why shouldn't a corporation make more profit than it has in previous years?