As gas prices go up lets place the blame where it belongs.

Discussion in 'Irrigation' started by FIMCO-MEISTER, Jun 6, 2011.

  1. Where there is no conflict there is no interest. I am a shareholder in Exxon/Mobil and my Dad worked at Mobil for over 40 years in exploration. Frankly it is one of the finest run businesses in the country without any of the executive greed one sees in many of them.

    Don't get sucked in by the anti-capitalist rants against big oil.

    http://www.exxonmobilperspectives.c...s-the-real-story-you-wont-hear-in-washington/

     
  2. Wet_Boots

    Wet_Boots LawnSite Fanatic
    Posts: 47,324

    Of course, record profits for oil companies during times of high gasoline prices is just an amazing coincidence.... :rolleyes:
     
  3. If you'd bother to read the article i won't have to keep showing snippets.

    Frankly we should be thankful this fabulous American located company is bring money back to the US.

     
  4. GreenLight

    GreenLight LawnSite Senior Member
    Posts: 462

    Im not defending big oil companies, but I have never really understood the "finger pointing" that goes on with these guys. They are generally mega corporations who are in business to make a profit. Not sure how they really shoulder the blame, every business I have EVER heard of will increase their pricing model as long as the demand is there to pay for it. The whole price gouging argument might be true, but what exactly is price gouging? Does a business not have every right to charge whatever they want?

    Every big player on the oil scene is traded publicly on the stock market. Every citizen in this country controls their fate for being boom or bust. As Fimco said, our own government hides behind huge tax percentages on gas (cigarettes as well) with very little transparency, all the while blaming instability in the middle east as the biggest culprit.

    If big oil is guilty then so are pharmaceutical companies (profit margins that can be as high as 3000% over cost), the whole healthcare industry, Lawyers, etc.
     
  5. Wet_Boots

    Wet_Boots LawnSite Fanatic
    Posts: 47,324

    Guilty guilty guilty!!

    [​IMG]
     
  6. Big oil in the US is in a more difficult position. Look around the world and most countries nationalize their oil production to use as govt revenue and to control their citizens further. Leftist Pols are dieing to figure out a way to take over oil. If the VOLT from Government Motors fails as we all know it will watch the blame being placed on big oil.
     
  7. Wet_Boots

    Wet_Boots LawnSite Fanatic
    Posts: 47,324

    Corporations with massive profits are in a difficult position. Pity them, and shed tears on their behalf. :cry:
     
  8. Guilty of making a profit! Egads I'm a criminal too. I'll go find a scarlet letter P.

    Those profits flow to millions of American shareholders and to future energy production.
     
  9. Wet_Boots

    Wet_Boots LawnSite Fanatic
    Posts: 47,324

    I thought about running trucks on CNG made by my own compressor rig.

    Then I thought about what the news story would be like when the shop building comes down in pieces over five towns.
     
  10. sprinklerchris

    sprinklerchris LawnSite Senior Member
    from Georgia
    Posts: 281

    Personally, I blame rising gas prices on the fall of the value of the US dollar.

    The change is far too fundamental to be blamed on a few corporate fat cats. Americans have been living beyond their means for decades.
     

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