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

[fabb1963]

This story brings some interesting theories. What level of truth could be in it?

http://www.ironicallyspeaking.net/H...IL INDUSTRY LINKED TO AL QAEDA ARMS DEALS.htm

 

[MtnBiker]

It is mostly a writing of fiction.

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

 

[BaronVonBigmeat]

"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.

 

[fabb1963]

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.

 

[Mr. P]

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.

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.

 

[MtnBiker]

Notice the lack of author creditials at the link. Here is the actual story;http://www.breitbart.com/news/2006/04/29/D8H9NEGG0.html

Are you interested in factual dialouge or make believe?

I wonder if ironically speaking cares about copy right laws?

 

[fabb1963]

"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.

 

[Mr. P]

"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.

Only if yer an idiot. Countries aren't a business. You're really reaching here.
How old are you?

 

[manu1959]

"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."

so what

 

[Hobbit]

"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.

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.

 

[BaronVonBigmeat]

^^^ Yeah. And you know what sucks even more? The government(s) that spend those gas taxes on roads and so forth will become addicted to them, and make the laughable assumption that gas prices will never go down. Then when prices drift downward, they will look at raising taxes to pay for their wasteful spending. It's like in the 90's, when there was a tidal wave of new revenue from a strong economy, so the government went on a spending spree--"oh hey, don't worry guys--we'll have a good bit of this debt paid off by 2010! That's assuming this economy is strong all the way to 2010 of course! Why wouldn't it be??"

For the record, high gas prices are due to:

1) The Iraq war. If there was a war in Hawaii, the price of Pineapples would go up. If there was a war in Brazil, the price of sugar would go up. When there's a war in the mideast, the price of oil goes up. Simple. Even if you support it, you have to take high gas prices as a necessary side effect of war. This happened in 1991, we shouldn't be surprised.

2) The threatened war with Iran. See above.

3) Inflation of the money supply. The money supply has been inflated by something like 61% in the last 5 years, to pay for our government's reckless spending. Gee, why are prices going up?

4) Ethanol requirements. Ethanol is designed to make gas burn cleaner. It doesn't, unless you're talking about pre-1984 cars, which aren't all that common anymore. It does, however, do a fine job of diverting wealth to the midwest corn lobby, and to Archer-Daniels Midland. Rising summer gas prices were predicted five years ago when they started requiring refiners to add ethanol during summer months, and that's just exactly what we've gotten.

5) Production restrictions. No new refineries since the 70's.

6) China. They are using more and more resources. Oil, steel, zinc, copper, etc. They are all going up in price.

Except for the last one, every single one of the others has something in common: they are caused by government.