Obama's policies killing oil industry

[VaYank5150]

Profit at the oil company soared compared to the same period a year ago, when it was $7.4 billion. Per-share income climbed to $2.13 per share from $1.44 in the prior year.

Chevron is scheduled to report third-quarter earnings on Friday. The company is expected to announce revenues of nearly $70 billion, an increase of 40% from a year ago, and net income of $6.7 billion

Exxon attributes profit surge to high oil prices - Oct. 27, 2011

 

[toxicmedia]

Profit at the oil company soared compared to the same period a year ago, when it was $7.4 billion. Per-share income climbed to $2.13 per share from $1.44 in the prior year.

Chevron is scheduled to report third-quarter earnings on Friday. The company is expected to announce revenues of nearly $70 billion, an increase of 40% from a year ago, and net income of $6.7 billion

Exxon attributes profit surge to high oil prices - Oct. 27, 2011

The article you cited doesn't say it's Obama's fault.....in fact it doesn't even mention his name once

 

[BlindBoo]

U.S. Field Production of Crude Oil (Thousand Barrels per Day)

 

[Luissa]

Profit at the oil company soared compared to the same period a year ago, when it was $7.4 billion. Per-share income climbed to $2.13 per share from $1.44 in the prior year.

Chevron is scheduled to report third-quarter earnings on Friday. The company is expected to announce revenues of nearly $70 billion, an increase of 40% from a year ago, and net income of $6.7 billion

Exxon attributes profit surge to high oil prices - Oct. 27, 2011

The article you cited doesn't say it's Obama's fault.....in fact it doesn't even mention his name once

sarcasm

 

[Truthmatters]

They make had over fist piles of money and scream they are being mistreated in the same breath.

How is it any American buys the right wing line?

 

[VaYank5150]

Profit at the oil company soared compared to the same period a year ago, when it was $7.4 billion. Per-share income climbed to $2.13 per share from $1.44 in the prior year.

Chevron is scheduled to report third-quarter earnings on Friday. The company is expected to announce revenues of nearly $70 billion, an increase of 40% from a year ago, and net income of $6.7 billion

Exxon attributes profit surge to high oil prices - Oct. 27, 2011

The article you cited doesn't say it's Obama's fault.....in fact it doesn't even mention his name once

Sacrasm isn't your strong suit? At any rate, there are NUMEROUS posts by "conservatives" to be found here about how Obama's policies and even the temporary drilling moratorium would hurt the oil industry. To quote Obama, "They are doing just fine"....

 

[Mad Scientist]

They make had over fist piles of money and scream they are being mistreated in the same breath.

How is it any American buys the right wing line?

I know! The cozy relationship between Politicians and Big Oil has to end!:
Obama biggest recipient of BP cash - Erika Lovley - POLITICO.com

 

[Mr Natural]

Other than high oil prices, what else would make an oil company's profits soar?

 

[Mad Scientist]

Other than high oil prices, what else would make an oil company's profits soar?

Monopolies and Artificial Scarcity caused by not drilling then embracing the false hope of "Green Technologies".

 

[Truthmatters]

Permanent damage to your own property for a oil companies temporary gain.

How can the right be so damned stupid?

 

[Soggy in NOLA]

I can tell you first hand that his policies, while not killing the oil industry, are wrecking the oilfield services industry. Several of my clients are investing more and more in operations in Mexico, Brazil, Thailand, etc.

 

[Soggy in NOLA]

Other than high oil prices, what else would make an oil company's profits soar?

And oil prices are rising primarily to a very weak $.

 

[Dr.Drock]

Other than high oil prices, what else would make an oil company's profits soar?

And oil prices are rising primarily to a very weak $.

The Fed is to thank for that.




Thank you OP, hopefully this helps citizens realize both parties are in bed with the oil companies who bribe them.

 

[toxicmedia]

Exxon attributes profit surge to high oil prices - Oct. 27, 2011

The article you cited doesn't say it's Obama's fault.....in fact it doesn't even mention his name once

Sacrasm isn't your strong suit? At any rate, there are NUMEROUS posts by "conservatives" to be found here about how Obama's policies and even the temporary drilling moratorium would hurt the oil industry. To quote Obama, "They are doing just fine"....

Whoa!......went right over my head!.......

with some of the people who call themselves conservatives on this site.....I have learned to expect anything.

 

[waltky]

Oil markets follow the stock market...

Oil Prices Ride Market Euphoria Higher
10/27/11 --- Oil prices were rallying Thursday as they followed stocks higher following news that European officials have convinced bondholders to take 50% losses on Greek debt and expanded the bailout fund to $1.4 trillion.

There's been almost a 96% correlation between crude oil futures and the stock market over the last several months. West Texas Intermediate (WTI) light sweet crude oil for December delivery was racing ahead by $3.37 to $93.57 a barrel, while the December Brent crude contract was gaining $2.63 to $111.54 a barrel as the dollar fell 1.1% against the euro at 71 cents.

Improved U.S. gross domestic product data also provided a much-needed boost for oil prices, with the economy growing 2.5%, as expected, in the third quarter, according to an initial reading on gross domestic product. That compares with growth of 1.3% in the second quarter. "Certainly, the news out of Europe is short-term bullish for oil prices," says Tradition Energy's senior market research director Addison Armstrong. "Technically, the prompt WTI contract looks like it could move up to $100 fairly easily. The dollar, which is under a lot of pressure today, is also supportive of crude."

But Armstrong says he's not celebrating just yet, because longer-term, there are still many things that need to go right over the next few weeks and months for the "European patient to be given a clean bill of health." "There are warnings," says Armstrong, "that the rescue plan will have a negative impact on credit creation in Europe and that the region may slip into recession over the next two or three quarters." A recession, of course, would lead to lower energy demand.

BGC Financial director Roger Volz, who says that "crude is following the global equity surge -- taking back yesterday's inventories slip," notes that WTI December prices may meet some resistance to further upside with a close at $94.90, with the resistance tension emerging at the $94.20. Meanwhile, a settlement of $90.70 remains supportive of further short-term gains in WTI prices. Energy stocks were rallying in premarket trading.

MORE

 

[Nosmo King]

I wonder why two of the most regulated industries, health care and energy, are showing the greatest job growth and profitability?

The sound your hear is the death rattle of yet another Conservative canard.

 

[Full-Auto]

I wonder why two of the most regulated industries, health care and energy, are showing the greatest job growth and profitability?

The sound your hear is the death rattle of yet another Conservative canard.

How are you measuring growth? SAVED JOBS?


THE CANARD please!! Is this like saying look, the GDP went up when we dumped taxpayer money into the market.

 

[Dr.Drock]

I wonder why two of the most regulated industries, health care and energy, are showing the greatest job growth and profitability?

The sound your hear is the death rattle of yet another Conservative canard.

Maybe because these industries bribe our 2 political parties the most?




Look at which companies "invest" the most in our beloved republicans and democrats, you think they'd make those "investments" without a good return?

 

[Seawytch]

Profit at the oil company soared compared to the same period a year ago, when it was $7.4 billion. Per-share income climbed to $2.13 per share from $1.44 in the prior year.

Chevron is scheduled to report third-quarter earnings on Friday. The company is expected to announce revenues of nearly $70 billion, an increase of 40% from a year ago, and net income of $6.7 billion

Exxon attributes profit surge to high oil prices - Oct. 27, 2011

Wow...that must be why they need all those subsidies...

This GnOP rep seems to think they do...

Cliff Stearns' Odd Stance on Subsidies - YouTube

 

[uscitizen]

How is the GDP to rise and the economy to strengthen if we do not pay more for the stuff we already buy?