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Once Again... - 7/31/2008 10:27:29 AM
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Stratplayer
Posts: 154
Joined: 4/12/2005
From: Northern VA
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...the oil companies strike it rich!
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Be anxious for nothing, but in everything by prayer and supplication, with thanksgiving, let your requests be made known to God; and the peace of God, which surpasses all understanding, will guard your hearts and minds through Christ Jesus. (Phil. 4:6-7
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RE: Once Again... - 7/31/2008 10:56:55 AM
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freakofnature
Posts: 761
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quote:
...the oil companies strike it rich!
Ahh! Great news, good for Exxon, their presence in the energy community is valuable well beyond the profits. I couldn't be happier for them.
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RE: Once Again... - 7/31/2008 11:12:54 AM
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cow451
Posts: 3875
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quote:
ORIGINAL: freakofnature
quote:
...the oil companies strike it rich!
Ahh! Great news, good for Exxon, their presence in the energy community is valuable well beyond the profits. I couldn't be happier for them.
Wonderful news. They will have even more money available for research into alternative fuels.
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RE: Once Again... - 7/31/2008 11:38:11 AM
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kernsfamily
Posts: 1300
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From: Dallas (originally Detroit)
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Due to extremely high revenues (more and more people buying what they have to sell), and a modest profit margin.....they are, of course, making alot of money.
Great news for many of my neighbors....as we live just around the corner from Exxon's HQ......
then comes the OTHER news: not just record profit...but record taxes: In addition to making hefty profits, Exxon also had a hefty tax bill. Worldwide, the company paid $10.5 billion in income taxes in the second quarter, $9.5 billion in sales taxes, and over $12 billion in what it called "other taxes."
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Proud dad of 3 great girls....Erin, Emilie and Elise
Blessed to have all of them in a "totally awesome" public elementary school!
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RE: Once Again... - 7/31/2008 11:59:28 AM
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freakofnature
Posts: 761
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quote:
then comes the OTHER news: not just record profit...but record taxes: In addition to making hefty profits, Exxon also had a hefty tax bill. Worldwide, the company paid $10.5 billion in income taxes in the second quarter, $9.5 billion in sales taxes, and over $12 billion in what it called "other taxes."
This is good news for our economy...
I wonder if the "other taxes" are the greasing the palms of hand that aid in let's just say permit approvals...
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RE: Once Again... - 7/31/2008 12:26:27 PM
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kernsfamily
Posts: 1300
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From: Dallas (originally Detroit)
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quote:
I wonder if the "other taxes" are the greasing the palms of hand that aid in let's just say permit approvals...
"other taxes" are the taxes they pay on the oil produced...then on the refinery....and on the gasoline.....
that barrel of oil gets taxed over and over again....until you get taxed to death at the pump to put it in your car.
the government earns MUCH more on oil/gasoline than the oil companies ever have.
and, yes, sometimes there are "greasing of the palms" in certain areas of the world (Nigeria, Kazakhstan, and places like that).....it's NOT supposed to happen, but it does. It's just the cost of doing business, unfortunately.....
_____________________________
Proud dad of 3 great girls....Erin, Emilie and Elise
Blessed to have all of them in a "totally awesome" public elementary school!
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RE: Once Again... - 7/31/2008 12:53:50 PM
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stamper_ben
Posts: 10883
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From: Lone Star State
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I wish there'd be some greased palms for permits to get a few more refineries built here.
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RE: Once Again... - 7/31/2008 9:00:36 PM
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deliveredarling
Posts: 1903
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Wouldn't the profits be the amount after the taxes have been paid?
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"Now no one after lighting a lamp covers it over with a container, or puts it under a bed: but he puts it on a lampstand, in order that those who come in may see the light."
Luke 8:16
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RE: Once Again... - 7/31/2008 9:02:28 PM
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phreddy
Posts: 278
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quote:
ORIGINAL: deliveredarling
Wouldn't the profits be the amount after the taxes have been paid?
Yes, but that means that the money they earned before taxes was up and therefore the taxes they pay go up.
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RE: Once Again... - 7/31/2008 10:30:25 PM
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colliefan
Posts: 2611
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From: Raleigh, NC
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And the money does to pay the into pensions of teachers, firefighters, and policeman.
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RE: Once Again... - 8/3/2008 8:23:43 AM
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_jjp_
Posts: 228
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quote:
ORIGINAL: deliveredarling
Yes, Exxon is the very stricken victim with those low profits 
Why aren't we going after Mcdonalds for windfall profits since they had an 8% increase bringing them to 19.8% profit margin While exxon made 10.85%.
Exxon had a large amount of sales so even with a very modest profit margin they still make money. How low of a profit margin should we make them have? Many companies have a higher profit margin than exxon, is it Exxons fault that they are in a business that is absolutely booming? If you consider 10.8% a windfall profit margin I would think that we should be even more upset with mcdonalds, i mean they are gouging us on food. When we go through another downturn in the markets and Exxon loses money are the same whining people of today going to be calling for them to be helped? Next time you feel like whining about exxon's profits remember that they employ thousands of people directly and the maintenance and upgrading of their facilities employees many thousands more. Also remember that they don't just make oil, they are in the chemical business (a sector which takes a hit when crude prices are up) and make the precursors to plastics and a myriad of other products that we use everyday. I say thank you exxon for everything you have created and manufactured that allows us to have a truly modern world.
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RE: Once Again... - 8/3/2008 8:29:42 AM
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_jjp_
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quote:
ORIGINAL: deliveredarling
I thought i heard on the news that they made $350 billion in profit. Their taxes came to an estimated $32 billion. Poor, poor babies. I feel for them, that dirty tax man wants to take their money away.
You might want to do a little research before casting your attacks.
Exxon $11.68B profits earned, $32.36B taxes paid.
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RE: Once Again... - 8/3/2008 8:45:31 AM
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humbleinspirit
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Now do the profits translate into more jobs?
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RE: Once Again... - 8/3/2008 9:45:25 AM
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deliveredarling
Posts: 1903
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A profit margin is too high when it comes at the expense of the public. You say they create thousands of jobs, what is happening to the people who are losing the jobs due to the increase in fuel costs? GM for one? No sympathy here for Exxon. If it hasn't affected you, great. But many of us are drastically affected. It's greed, whether it's due to the futures market or not.
BTW, reread what I wrote, I didn't claim it as truth, I said I thought I heard. Not attacking, stating it like it is.
_____________________________
"Now no one after lighting a lamp covers it over with a container, or puts it under a bed: but he puts it on a lampstand, in order that those who come in may see the light."
Luke 8:16
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RE: Once Again... - 8/3/2008 10:09:22 AM
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_jjp_
Posts: 228
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quote:
ORIGINAL: deliveredarling
A profit margin is too high when it comes at the expense of the public. You say they create thousands of jobs, what is happening to the people who are losing the jobs due to the increase in fuel costs? GM for one? No sympathy here for Exxon. If it hasn't affected you, great. But many of us are drastically affected. It's greed, whether it's due to the futures market or not.
Their profit margin is not at the expense of the public, they do not set the gas prices. They provide what we ask for and a less than 11% profit is not an enormous amount for them to collect. They have HUGE sales that is why they have huge profits. If I were to work more hours than the next guy (ie sell more) is it a bad thing that i make more than he does. They make less than 11 cents on every dollar in sales and taxes account for 3 times that much so why are we looking at exxon and not the government. It is greed for exxon to provide us with products we demand at the prices that are set external to their company?
Oh and exxonmobil employees more than 100,000 people. GMs job losses stem from a few things, gas prices are only one of them (gas prices which aren't set by exxon by the way). GM stuck their head in the sand and hung their growth on their truck market and failed to adapt to the changing marketplace, they are paying for it now, too bad the employees suffer for the lack of planning. GM also had quality issues which were at least partially at fault for their falling sales and teh poor GM employees who have been demanding more and more through their unions have played a part in driving down the profitability of teh manufacturer.
quote:
BTW, reread what I wrote, I didn't claim it as truth, I said I thought I heard. Not attacking, stating it like it is.
Oh calling them poor poor babies wasn't meant as derogatory, a statement based on a false premise? You weren't stating it like it is, you were stating it the way that would make exxon look like a whiny corporation then when called on it you act like it had no bearing on the statement you made.
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RE: Once Again... - 8/3/2008 10:40:18 AM
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Rufas2000
Posts: 1187
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quote:
I say thank you exxon for everything you have created and manufactured that allows us to have a truly modern world.
I think the money they make, excessive or not, is thanks enough for them. I'm willing to say they've earned their money but I won't thank them for only doing what is in their best interest.
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RE: Once Again... - 8/3/2008 10:42:19 AM
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HisFish
Posts: 554
Joined: 8/3/2005
From: Rocky mountain way
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quote:
BTW, reread what I wrote, I didn't claim it as truth, I said I thought I heard. Not attacking, stating it like it is.
If you made a charge on what you thought you heard and then find out your wrong, then you cant claim to be "stating it like it is", rather you stated it like it isnt.
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The theology of the present aims at the deification of man, but the truth of all time
magnifies God . C. H. Spurgeon
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RE: Once Again... - 8/3/2008 10:56:59 AM
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earthless
Posts: 5781
Joined: 4/11/2005
From: where pigeons are getting their sweaters ready....
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quote:
ORIGINAL: Rufas2000
quote:
I say thank you exxon for everything you have created and manufactured that allows us to have a truly modern world.
I think the money they make, excessive or not, is thanks enough for them. I'm willing to say they've earned their money but I won't thank them for only doing what is in their best interest.
It's in our best interest as well.
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Probing Today's Religious Movements | Promoting Doctrinal Discernment & Critical Thinking | Providing Reasons for Christian Faith & Ethics
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RE: Once Again... - 8/3/2008 11:01:51 AM
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_jjp_
Posts: 228
Joined: 10/25/2007
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quote:
ORIGINAL: earthless
It's in our best interest as well.
You mean plastics, medicines, cosmetics, deicers, fuels, etc. in some way benefit us? That's shear craziness.
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RE: Once Again... - 8/3/2008 12:23:38 PM
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deliveredarling
Posts: 1903
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quote:
If you made a charge on what you thought you heard and then find out your wrong, then you cant claim to be "stating it like it is", rather you stated it like it isnt.
That comment was directed to stating it like it is. I was referring to my comment on the effects the oil company is having on the people.
I miss heard on the news. I was wrong ok? Feel better? The economy still doesn't feel any better, even though I admitted I was wrong.
Pick a fit with somebody else.
_____________________________
"Now no one after lighting a lamp covers it over with a container, or puts it under a bed: but he puts it on a lampstand, in order that those who come in may see the light."
Luke 8:16
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RE: Once Again... - 8/3/2008 12:29:02 PM
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tracydolls
Posts: 1839
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Can someone please show me the verse where we are suppose to CELEBRATE the rich?
I feeli like I'm missing out on the party!
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Rev 3:17 Because thou sayest, I am rich, and increased with goods, and have need of nothing; and knowest not that thou art wretched, and miserable, and poor, and blind, and naked:
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RE: Once Again... - 8/3/2008 12:53:20 PM
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deliveredarling
Posts: 1903
Status: offline
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Chew on this one. The world's population is about 6.684 billion people. There profits are at 11 billion. That is a little over 1 million, almost 2 mill per person.
http://en.wikipedia.org/wiki/World_population
Wouldn't the economy thrive for all persons then?
It's all about perception. people perceive them to be making record profits, while the rest of us a re struggling. You can't tell me that the oil companies are out to totally benefit the people, they just aren't. The majority of people who truly benefit others a re dirt poor.....
_____________________________
"Now no one after lighting a lamp covers it over with a container, or puts it under a bed: but he puts it on a lampstand, in order that those who come in may see the light."
Luke 8:16
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RE: Once Again... - 8/3/2008 12:53:23 PM
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_jjp_
Posts: 228
Joined: 10/25/2007
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quote:
ORIGINAL: tracydolls
Can someone please show me the verse where we are suppose to CELEBRATE the rich?
I feeli like I'm missing out on the party!
Can someone please show me the verse where it says we should tear them down even if it means using false statements? Someone please show me the verse where a company is not supposed to make a reasonable profit on what they sell.
I for one am not celebrating the rich, some here seem to believe that if you are not actively tearing down the rich then you are celebrating them. There are those of us however who are not covetous of what the rich have, there are some of us who see the good in the services that the "rich" provide. There are those of us for whom jealousy of the rich does not hold sway so we feel no need to attack them and tear them down. The leaders of exxon have been given a job to do and to not run the company in a profitable manner would be a derliction of that duty. The profitability of these companies benefit millions of everyday Americans. Granted oil prices are high right now but that is not Exxon's fault, they just happen to be the scape goat of those who can't stand to see someone profit from hard work and good management.
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