Printer-friendly copy Email this topic to a friend
Lobby General Discussion topic #12678958

Subject: "They really trying to convince us that low gas prices are bad" Previous topic | Next topic
GriftyMcgrift
Member since May 22nd 2002
20414 posts
Wed Dec-17-14 07:10 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
"They really trying to convince us that low gas prices are bad"


  

          

for the economy


Its like bizarro world. I mean where were these people when it was 4 dollars a gallon. guys this is a good thing! or when the economy was in the shitter but exxon posting trillion dollar profits.



  

Printer-friendly copy | Reply | Reply with quote | Top


Topic Outline
Subject Author Message Date ID
Yeah, I'd have to hear more about this.
Dec 18th 2014
1
me and my friends at work tried to have a serious discussion
Dec 18th 2014
2
If your economy depends on oil, it's terrible news
Dec 18th 2014
3
high oil prices = high everything prices
Dec 18th 2014
5
ya im cracking up that now all of a sudden
Dec 18th 2014
25
Real estate >prices in Texas are already falling.
Dec 18th 2014
13
If we discovered a way for solar to power EVERYTHING tomorrow
Dec 19th 2014
41
Live by the sword ...
Dec 19th 2014
46
keystone pipeline is dependent on high gas prices
Dec 18th 2014
4
It's bad for Putin
Dec 18th 2014
6
they are trying to sell houses i think
Dec 18th 2014
7
It's a sign that emerging economies are struggling
Dec 18th 2014
8
I don't think that buying more cars and driving more is "good" for the c...
Dec 18th 2014
10
      It won't necessarily be good for the environment
Dec 18th 2014
15
Prices for other things are going up
Dec 18th 2014
9
Like what? What's going up?
Dec 18th 2014
11
I'm want to know as well.
Dec 18th 2014
16
I gave an example in #5 but it went ignored.
Dec 18th 2014
20
*sigh*
Dec 18th 2014
18
      around my way eggs went up a LOT
Dec 18th 2014
19
      ^^
Dec 18th 2014
23
      Smoove shut legisdiamond the fuck down
Dec 18th 2014
32
      nah bruh, I'm still here sweet cheeks
Dec 18th 2014
35
      nah, that didnt answer my question
Dec 18th 2014
33
so prices going up over the past few years
Dec 18th 2014
24
yeah like why are flights still so expensive
Dec 18th 2014
28
You're in Texas dude. I'm hearing this shit ALL OVER in Houston.
Dec 18th 2014
12
it's an industry full of selfish, myopic people
Dec 18th 2014
14
my coworker keeps saying it's bad for the economy
Dec 18th 2014
17
      this should be common sense
Dec 18th 2014
22
           ya big business(oil) will go from absurd profits to only obscene
Dec 18th 2014
27
           Exactly dude
Dec 18th 2014
29
           You are exaggarating the profitability of the oil industry
Dec 18th 2014
30
                well we are talking about "big" business here
Dec 18th 2014
31
                     they got it rigged so its bad regardles of the price of gas... lol.
Dec 18th 2014
34
                     You can't compare things looking at raw figures
Dec 18th 2014
37
                          ah ok i follow.
Dec 18th 2014
38
           but I dont even think its bad for big business unless you rely on high g...
Dec 18th 2014
36
LOL exactly
Dec 18th 2014
21
RE: They really trying to convince us that low gas prices are bad
Dec 18th 2014
26
anything to make Obama look bad.
Dec 19th 2014
39
this is the ONLY answer
Dec 19th 2014
42
pretty much. Not sure why there's any discussion outside of this.
Dec 19th 2014
43
Fuck those blood suckers and everyone that works for them
Dec 19th 2014
40
Is ATX not as reliant on O+G as the rest of this state?
Dec 19th 2014
44
^^^^ just tossed a Godgers Spiral into orbit
Dec 19th 2014
49
soooo...high or low, it's bad for the economy?
Dec 19th 2014
45
I'm not buying it. They always trying to feed us that fear
Dec 19th 2014
47
Tesla
Dec 19th 2014
48
Tesla shares dropped 16% and Solarcity dropped 11%
Dec 19th 2014
50

The Wordsmith
Member since Aug 13th 2002
17070 posts
Thu Dec-18-14 12:42 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
1. "Yeah, I'd have to hear more about this."
In response to Reply # 0
Thu Dec-18-14 12:46 AM by The Wordsmith

  

          

I've been hearing the talks about low priced gas being a sign of a bad economy but like you I'm wondering how so. It's not like the economy was stellar when gas was $3.30 - $4.00 a gallon. All I know is that lately I haven't been crying at the pump like I have been over the past so many years.


Since 1976

  

Printer-friendly copy | Reply | Reply with quote | Top

    
GriftyMcgrift
Member since May 22nd 2002
20414 posts
Thu Dec-18-14 12:45 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
2. "me and my friends at work tried to have a serious discussion"
In response to Reply # 1


  

          

but then you just think about what was happening when gas was high
and how white people i mean repubs blamed obama for the high prices


then we just all broke out into laughter and realised how insane that sounds

  

Printer-friendly copy | Reply | Reply with quote | Top

PimpTrickGangstaClik
Member since Oct 06th 2005
15893 posts
Thu Dec-18-14 01:20 AM

Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
3. "If your economy depends on oil, it's terrible news"
In response to Reply # 0


          

There are massive layoffs planned in oil producing states. Major decreases in expected state tax revenues. Real estate prices in Texas are already falling.

A lot of the recovery following this past recession was attributed to the energy industry. A big fall in oil prices could unravel that progress.

It's short sighted to say high prices => bad, low prices=> good (unless you want to score cheap political points). There are lots of intermediating effects, so the overall impact is difficult to discern.

_______________________________________

  

Printer-friendly copy | Reply | Reply with quote | Top

    
PoppaGeorge
Member since Nov 07th 2004
10384 posts
Thu Dec-18-14 02:05 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
5. "high oil prices = high everything prices"
In response to Reply # 3


  

          

it's not shortsighted in even the slightest. It may mean layoffs for oil producers, but in reality it -shouldn't-. It means layoffs because they don't want to take a chance of returning to pre-$3.00/gal profit margins.

Oil will remain profitable because a cheaper product means they will likely move more product to compensate. A person who refused to fill up their tank and drove as little as possible at $4.00/gal might fill up and top off more often and drive more places at $2.00/gal.

When oil first hit over $3.50 a gallon, every corporation across the board reported they would need to raise prices to compensate for getting products to market. That $2.99 1lb package of Eckrich smoked sausage turned into a $3.50 13oz package and they blamed high gas for it. Our shrinking quantities and higher prices have all been blamed on high oil prices.




---------------------------

forcing myself to actually respond to you is like bathing in ebola virus. - Binlahab

Like there is stupid, and then there is you, and then there is dead. - VAsBestBBW

R.I.P. Disco D

  

Printer-friendly copy | Reply | Reply with quote | Top

        
GriftyMcgrift
Member since May 22nd 2002
20414 posts
Thu Dec-18-14 06:22 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
25. "ya im cracking up that now all of a sudden"
In response to Reply # 5


  

          

prices drop suddenly and its a problem. its like bizarro land

  

Printer-friendly copy | Reply | Reply with quote | Top

    
deejboram
Member since Sep 27th 2002
25755 posts
Thu Dec-18-14 01:07 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy listClick to send message via AOL IM
13. " Real estate >prices in Texas are already falling."
In response to Reply # 3


  

          

Traditionally they always fall during this time of year
Most home sales are in Spring/Summer so folks can transition their kids to new schools at an opportune time

But Houston real estate prices are being corrected because they were over inflated in the first place

House sold 5 years ago for $180 has been rehabbed and now selling for $900k - $1.2M
right on the EDGE of the hood as well

****
pink toes: http://i.imgur.com/WN7DPL1

  

Printer-friendly copy | Reply | Reply with quote | Top

    
J_Stew
Member since Jul 06th 2002
22363 posts
Fri Dec-19-14 03:55 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
41. "If we discovered a way for solar to power EVERYTHING tomorrow "
In response to Reply # 3


          

and the oil industry disappeared, it would be the best thing that ever happened to the planet. Those people could find other jobs and if they couldn't, fuck 'em someone's gotta take one for the team. If there was no more disease and doctors became obsolete, would you be like, nah man, people need to get sick, think about those poor doctors without jobs now?

This shit is like when Philly was putting in city wide wi-fi and one of the arguments against it was that some cable company employees would lose their jobs. So fucking what!!!

  

Printer-friendly copy | Reply | Reply with quote | Top

    
ConcreteCharlie
Member since Nov 21st 2002
71387 posts
Fri Dec-19-14 10:26 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
46. "Live by the sword ..."
In response to Reply # 3


  

          

Do I really care if Alberta or Venezuela or some other place leaning heavily on oil has problems if it means alleviated burdens for most of the world?

I'd also point out that the U.S. is not everything (just a lot of things), there are places where gas prices have actually gone up. I went to Peru in February and then again in October, the prices were higher there and elsewhere in South America, too. I don't know about Europe but I know in China gas has fallen while it has risen in India. So it's not an across-the-board drop either.

And you will know MY JACKET IS GOLD when I lay my vengeance upon thee.

  

Printer-friendly copy | Reply | Reply with quote | Top

gusto
Charter member
26878 posts
Thu Dec-18-14 01:29 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
4. "keystone pipeline is dependent on high gas prices"
In response to Reply # 0


  

          

so there's that.

..|.,

If you still don't know what Jade Typhoon is, click here:
http://jadetyphoon.blogspot.com/ (WS)

  

Printer-friendly copy | Reply | Reply with quote | Top

Deacon Blues
Charter member
5013 posts
Thu Dec-18-14 08:22 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
6. "It's bad for Putin"
In response to Reply # 0


  

          


But he will just blame the west

I just wonder how long it's going to last

dude

  

Printer-friendly copy | Reply | Reply with quote | Top

southphillyman
Member since Oct 22nd 2003
90059 posts
Thu Dec-18-14 09:01 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
7. "they are trying to sell houses i think"
In response to Reply # 0


  

          

money has been free damn near since 08
i think they are scared of what might happen if interest rates go back up to 7-8%
even with the free money and lower gas prices many ppl are saving vs. spending
probably because they are scared of another collapse and/or are un(der)employed still

~~~~~~

  

Printer-friendly copy | Reply | Reply with quote | Top

nipsey
Charter member
9924 posts
Thu Dec-18-14 12:51 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
8. "It's a sign that emerging economies are struggling"
In response to Reply # 0


  

          

The reason oil (and by extension gas) was so expensive because of economies like in China and India where they used gas for manufacturing. Their economies are slowing so the demand for oil is dropping, thus causing a drop in prices. Also, with respect to the U.S., I read that the U.S. has been able to reduce its dependence on foreign oil. So that's another reason for cheap gas here.

I don't see how cheaper gas is bad for THIS economy. Prices of goods and services should go down. People will have more disposable income. It might hurt the oil companies and their employees in the U.S. a little. But the rest of the country would be better off. People would be more likely to buy cars and to drive more often.

____________________________________
Podcast Now on iTunes and Google:
http://tinyurl.com/JTTOU-iTunesSubscribe
Twitter: @nipsey @JTTOUPodcast

Last 3 things I watched:

The Changeling Season 1 (Apple+): C
OMITB Season 3 (Hulu): B-
Ahsoka Season 1 (Disney

  

Printer-friendly copy | Reply | Reply with quote | Top

    
Hitokiri
Charter member
22092 posts
Thu Dec-18-14 12:56 PM

Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
10. "I don't think that buying more cars and driving more is "good" for the c..."
In response to Reply # 8


  

          

the country that is most contributing to global climate change.

:shrug:

--

"You can't beat white people. You can only knock them out."

  

Printer-friendly copy | Reply | Reply with quote | Top

        
nipsey
Charter member
9924 posts
Thu Dec-18-14 01:19 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
15. "It won't necessarily be good for the environment"
In response to Reply # 10


  

          

But for the economy it would. People are more likely to drive places to spend money if gas were cheaper. More people going out for entertainment purposes. With respect to buying cars, people might be willing to purchase a new car now that prices are low. And with newer cars having better gas mileage, it might mean less older cars with poor mileage and emissions off the roads.

____________________________________
Podcast Now on iTunes and Google:
http://tinyurl.com/JTTOU-iTunesSubscribe
Twitter: @nipsey @JTTOUPodcast

Last 3 things I watched:

The Changeling Season 1 (Apple+): C
OMITB Season 3 (Hulu): B-
Ahsoka Season 1 (Disney

  

Printer-friendly copy | Reply | Reply with quote | Top

DaHeathenOne76
Member since May 11th 2003
29362 posts
Thu Dec-18-14 12:53 PM

Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
9. "Prices for other things are going up"
In response to Reply # 0


          

Although gas is cheaper people still are struggling to afford basic items and that last crises is convincing people to stockpile more

So the "savings" people have from gas prices is not being put back into the economy to stimulate GDP.

Then there is quantitative easing....
*****************************************
http://prettyperiod.me/

http://whenwomenrefuse.tumblr.com/

  

Printer-friendly copy | Reply | Reply with quote | Top

    
Case_One
Charter member
54687 posts
Thu Dec-18-14 12:59 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
11. "Like what? What's going up?"
In response to Reply # 9


          


.
.
.
"America, stop turning our Court Houses of Justice into Dens for Justified Murderers."

  

Printer-friendly copy | Reply | Reply with quote | Top

        
legsdiamond
Member since May 05th 2011
79334 posts
Thu Dec-18-14 01:50 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
16. "I'm want to know as well. "
In response to Reply # 11


          

I know people are repeating shit they here on the news but when I ask them to elaborate they start stuttering.


  

Printer-friendly copy | Reply | Reply with quote | Top

            
PoppaGeorge
Member since Nov 07th 2004
10384 posts
Thu Dec-18-14 02:26 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
20. "I gave an example in #5 but it went ignored."
In response to Reply # 16


  

          

Many juices, for example, no longer come in 64oz cartons even though they look like it. They're more expensive than pre-$3-$4 oil and you're getting less for your money. High oil and gas prices were blamed for this by all companies involved because high oil prices meant higher fertilizer and plastic costs and high gas prices meant an increase in the cost of transporting the product to market.


---------------------------

forcing myself to actually respond to you is like bathing in ebola virus. - Binlahab

Like there is stupid, and then there is you, and then there is dead. - VAsBestBBW

R.I.P. Disco D

  

Printer-friendly copy | Reply | Reply with quote | Top

        
DaHeathenOne76
Member since May 11th 2003
29362 posts
Thu Dec-18-14 02:00 PM

Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
18. "*sigh*"
In response to Reply # 11
Thu Dec-18-14 02:01 PM by DaHeathenOne76

          

The price of commodities have shot up because of the drought. Those commodities in turn are used to create the basic goods that people need.

Price of a gallon of milk in 2013 3.43
" 2014 5.14
Price of a dozen eggs in 2013 2.68
" 2014 3.16
Price of loaf of bread 2013 $1.41
" 2014 2.07

And chicken and beef and so on. Now those may not seem large jumps to you because you may have more disposable income but to people who are not making good wages (because those have been stagnant) and have to feed a family..its a lot. So like a I said low gas prices dont mean anything if you still cant afford the BASIC NEEDS.

And to you legsdiamond please save your snark. I am not talking out my ass its my field of study. Now if you want me to start talking about quantitative easing, yield curve and altering debt structure I will. FOH
****************************************


http://prettyperiod.me/

http://whenwomenrefuse.tumblr.com/

  

Printer-friendly copy | Reply | Reply with quote | Top

            
veritas
Member since Sep 16th 2002
37201 posts
Thu Dec-18-14 02:01 PM

Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
19. "around my way eggs went up a LOT "
In response to Reply # 18


          

and went up even more like, last week.

i still blame hip-hop.

  

Printer-friendly copy | Reply | Reply with quote | Top

            
MiracleRic
Member since Oct 21st 2002
45200 posts
Thu Dec-18-14 06:14 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy listClick to send message via AOL IM
23. "^^"
In response to Reply # 18


  

          

less demand for oil means less manufacturing meaning the prices of other goods will go up

Let me sport my Air Hyperbole 2010s in peace. (c) ansomble

Building repetoires (c) spm since 1983

  

Printer-friendly copy | Reply | Reply with quote | Top

            
blkprinceMD05
Member since Nov 29th 2004
41323 posts
Thu Dec-18-14 08:28 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
32. "Smoove shut legisdiamond the fuck down"
In response to Reply # 18


  

          

prototype

stand ur ground, believe in urself,
believe in love, prepare urself for love, remove the negativity from ur life, and accept the love u kno u deserve

  

Printer-friendly copy | Reply | Reply with quote | Top

                
legsdiamond
Member since May 05th 2011
79334 posts
Thu Dec-18-14 08:39 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
35. "nah bruh, I'm still here sweet cheeks"
In response to Reply # 32


          

  

Printer-friendly copy | Reply | Reply with quote | Top

            
legsdiamond
Member since May 05th 2011
79334 posts
Thu Dec-18-14 08:33 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
33. "nah, that didnt answer my question"
In response to Reply # 18


          

My question is how does lower gas prices INCREASE the price of goods.

Milk went up from last year because the demand for milk overseas shot up due to poor production.

  

Printer-friendly copy | Reply | Reply with quote | Top

    
GriftyMcgrift
Member since May 22nd 2002
20414 posts
Thu Dec-18-14 06:21 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
24. "so prices going up over the past few years"
In response to Reply # 9


  

          

as of a result of rising gas prices


are not instantly dropping in price when gas prices go down for a brief time?




ya i think blaming current prices being(remaining) high for other things on a temporary and sudden drop in gas prices


i think it would have to be more long term...like maybe just as long as prices were high?

i dont know im not a plumber

  

Printer-friendly copy | Reply | Reply with quote | Top

    
gusto
Charter member
26878 posts
Thu Dec-18-14 07:11 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
28. "yeah like why are flights still so expensive"
In response to Reply # 9


  

          

http://www.nydailynews.com/news/politics/schumer-calls-probe-high-price-plane-tickets-article-1.2045481

..|.,

If you still don't know what Jade Typhoon is, click here:
http://jadetyphoon.blogspot.com/ (WS)

  

Printer-friendly copy | Reply | Reply with quote | Top

deejboram
Member since Sep 27th 2002
25755 posts
Thu Dec-18-14 01:04 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy listClick to send message via AOL IM
12. "You're in Texas dude. I'm hearing this shit ALL OVER in Houston."
In response to Reply # 0


  

          

Texans think they run the world and its economy because of O+G

They don't realise that other industries such as healthcare is pretty insulated from O+G daily prices

****
pink toes: http://i.imgur.com/WN7DPL1

  

Printer-friendly copy | Reply | Reply with quote | Top

    
Mgmt
Member since Feb 17th 2005
21495 posts
Thu Dec-18-14 01:13 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
14. "it's an industry full of selfish, myopic people"
In response to Reply # 12


  

          

>Texans think they run the world and its economy because of
>O+G
>
>They don't realise that other industries such as healthcare is
>pretty insulated from O+G daily prices
>

  

Printer-friendly copy | Reply | Reply with quote | Top

        
legsdiamond
Member since May 05th 2011
79334 posts
Thu Dec-18-14 01:52 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
17. "my coworker keeps saying it's bad for the economy"
In response to Reply # 14


          

when pressed she said it's bad for Big business..

ummm, OK. So why the fuck should YOU care about that?

  

Printer-friendly copy | Reply | Reply with quote | Top

            
MiracleRic
Member since Oct 21st 2002
45200 posts
Thu Dec-18-14 06:13 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy listClick to send message via AOL IM
22. "this should be common sense"
In response to Reply # 17


  

          

bad for big biz means less jobs

we can talk shit about big biz being the devil but in they end...

they employ a large chunk of the pop

Let me sport my Air Hyperbole 2010s in peace. (c) ansomble

Building repetoires (c) spm since 1983

  

Printer-friendly copy | Reply | Reply with quote | Top

                
GriftyMcgrift
Member since May 22nd 2002
20414 posts
Thu Dec-18-14 06:23 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
27. "ya big business(oil) will go from absurd profits to only obscene"
In response to Reply # 22


  

          

profits.


poor guys

  

Printer-friendly copy | Reply | Reply with quote | Top

                    
Mgmt
Member since Feb 17th 2005
21495 posts
Thu Dec-18-14 08:00 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
29. "Exactly dude"
In response to Reply # 27


  

          

>profits.
>
>
>poor guys

  

Printer-friendly copy | Reply | Reply with quote | Top

                    
PimpTrickGangstaClik
Member since Oct 06th 2005
15893 posts
Thu Dec-18-14 08:13 PM

Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
30. "You are exaggarating the profitability of the oil industry"
In response to Reply # 27


          

Yes their raw profits are high (on the order of 10s of billions of dollars for the big oil producers).
But their costs are extremely high as well. It costs a lot of money to get that stuff out of the ground.
As a result, the profit margins for oil producers are comparable to most other industries in the economy.
When oil prices we high, profit margins were like 8-12%. Compare that to tech companies (Google, Apple, Microsoft, etc.) if you think they are profiting too much.

_______________________________________

  

Printer-friendly copy | Reply | Reply with quote | Top

                        
GriftyMcgrift
Member since May 22nd 2002
20414 posts
Thu Dec-18-14 08:26 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
31. "well we are talking about "big" business here"
In response to Reply # 30


  

          

and just because their costs are high doesnt somehow make me feel better about their obscene "raw" profits as you put them.


Im not sure if I understand the distinction you are trying to make though. Profit is profit. the costs are spent, the profit is made. exxon made 44 billion in 2013


anyways, im not the most qualified to speak on this but I dont think the economy as a whole is gonna suffer if exxon only PROFITS 20 billion this year

  

Printer-friendly copy | Reply | Reply with quote | Top

                            
legsdiamond
Member since May 05th 2011
79334 posts
Thu Dec-18-14 08:38 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
34. "they got it rigged so its bad regardles of the price of gas... lol. "
In response to Reply # 31


          

If its high its bad for the consumer, of its low people get laid off.

I'm sorry but everyone can't win. If people get laid off because of low prices at last they can put a little something in the gas tank to find a new job.

  

Printer-friendly copy | Reply | Reply with quote | Top

                            
PimpTrickGangstaClik
Member since Oct 06th 2005
15893 posts
Thu Dec-18-14 09:08 PM

Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
37. "You can't compare things looking at raw figures"
In response to Reply # 31


          

There are scaling problems. For example, try to compare Exxon with a smaller oil producer (XYZ corp). Exxon had net income of like $30 billion last year. Let's say XYZ had net income on $200 million.

Will you look at those numbers and say Exxon is making obscene profits and the XYZ is more reasonable? No, you really can't make any kind of judgments based just off of those numbers.

Profit margin says how much of their sales actually turn into profits (as opposed to covering costs). If Exxon and XYZ are identical except for the fact the Exxon has much more customers, Exxon will have much higher profits.

Last year, Exxon had a profit margin of about 7%. That is for every $1 of stuff they sold, they profited 7 cents. Is that obscene? How about compared to other industries?


_______________________________________

  

Printer-friendly copy | Reply | Reply with quote | Top

                                
GriftyMcgrift
Member since May 22nd 2002
20414 posts
Thu Dec-18-14 09:09 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
38. "ah ok i follow. "
In response to Reply # 37


  

          

  

Printer-friendly copy | Reply | Reply with quote | Top

                
legsdiamond
Member since May 05th 2011
79334 posts
Thu Dec-18-14 08:51 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
36. "but I dont even think its bad for big business unless you rely on high g..."
In response to Reply # 22


          

Energy sector is taking a hit but a lot of other industries laid people off because of high gas prices.

Stocks will take a hit but they made a shit load when barrels were $125

  

Printer-friendly copy | Reply | Reply with quote | Top

    
GriftyMcgrift
Member since May 22nd 2002
20414 posts
Thu Dec-18-14 05:56 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
21. "LOL exactly"
In response to Reply # 12


  

          

  

Printer-friendly copy | Reply | Reply with quote | Top

napolo2282
Member since Jan 25th 2013
103 posts
Thu Dec-18-14 06:22 PM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
26. "RE: They really trying to convince us that low gas prices are bad"
In response to Reply # 0


          

http://foreignpolicy.com/2014/12/18/why-would-the-saudis-crash-oil-markets-iran/

  

Printer-friendly copy | Reply | Reply with quote | Top

godleeluv
Member since Jun 11th 2013
5861 posts
Fri Dec-19-14 03:20 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
39. "anything to make Obama look bad."
In response to Reply # 0


  

          


♥♥Church Diva♥♥

  

Printer-friendly copy | Reply | Reply with quote | Top

    
LAbeathustla
Member since Jan 24th 2004
33858 posts
Fri Dec-19-14 04:35 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
42. "this is the ONLY answer"
In response to Reply # 39


  

          

------------------------------------
2019 CABG Survivor

2016 OK Survivor Champion

be about it or be without it

RIP GOATs

  

Printer-friendly copy | Reply | Reply with quote | Top

    
daryloneal
Member since Jan 08th 2005
9267 posts
Fri Dec-19-14 09:33 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
43. "pretty much. Not sure why there's any discussion outside of this."
In response to Reply # 39


  

          

---
but have you ever checked out my website? www.dtaylorimages.com

  

Printer-friendly copy | Reply | Reply with quote | Top

J_Stew
Member since Jul 06th 2002
22363 posts
Fri Dec-19-14 03:47 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
40. "Fuck those blood suckers and everyone that works for them"
In response to Reply # 0


          

Saying it's bad for the economy because people at oil companies will lose money is like feeling sorry for the people working on the Death Star when Luke and them blew it up.

  

Printer-friendly copy | Reply | Reply with quote | Top

    
deejboram
Member since Sep 27th 2002
25755 posts
Fri Dec-19-14 09:38 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy listClick to send message via AOL IM
44. "Is ATX not as reliant on O+G as the rest of this state?"
In response to Reply # 40


  

          

Yeah the execs make BANK
but i know faaaar to many "regular folk" that work in O+G just pulling down a bi-weekly paycheck.

****
pink toes: http://i.imgur.com/WN7DPL1

  

Printer-friendly copy | Reply | Reply with quote | Top

    
Dr Claw
Member since Jun 25th 2003
132212 posts
Fri Dec-19-14 11:39 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy listClick to send message via AOL IM
49. "^^^^ just tossed a Godgers Spiral into orbit"
In response to Reply # 40


  

          

>Saying it's bad for the economy because people at oil
>companies will lose money is like feeling sorry for the people
>working on the Death Star when Luke and them blew it up.

BINGO

  

Printer-friendly copy | Reply | Reply with quote | Top

Calico
Charter member
24604 posts
Fri Dec-19-14 10:23 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy listClick to send message via AOL IM
45. "soooo...high or low, it's bad for the economy?"
In response to Reply # 0


  

          

LOL...from what i'm reading in here that's what it sounds like

when i win at the gas pump, someone loses somewhere else... i can't front, i'm good with me winning at the pump while the other parties readjust...it's been over a decade of high prices, i'ma enjoy them being lower while i can...

"yes, sometimes my rhymes are sexist, but you lovely bitches and hos should know i'm tryin to correct it"- hiphopopotamus

  

Printer-friendly copy | Reply | Reply with quote | Top

    
legsdiamond
Member since May 05th 2011
79334 posts
Fri Dec-19-14 11:24 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
47. "I'm not buying it. They always trying to feed us that fear"
In response to Reply # 45


          

  

Printer-friendly copy | Reply | Reply with quote | Top

Stoogie
Member since Dec 06th 2006
12348 posts
Fri Dec-19-14 11:30 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
48. "Tesla"
In response to Reply # 0


  

          

Tesla.

"A nation or civilization that continues to produce soft-minded men purchases its own spiritual death on the installment plan" (c) Martin Luther King Jr.

  

Printer-friendly copy | Reply | Reply with quote | Top

    
legsdiamond
Member since May 05th 2011
79334 posts
Fri Dec-19-14 11:42 AM

Click to send email to this author Click to send private message to this authorClick to view this author's profileClick to add this author to your buddy list
50. "Tesla shares dropped 16% and Solarcity dropped 11% "
In response to Reply # 48


          

since November due to low gas prices.

http://www.oilandgas360.com/tesla-ceo-musk-loses-1-billion-oil-gasoline-prices-drop/

  

Printer-friendly copy | Reply | Reply with quote | Top

Lobby General Discussion topic #12678958 Previous topic | Next topic
Powered by DCForum+ Version 1.25
Copyright © DCScripts.com