Just Paid $4/g for Petrol Today

[CJ]

Exactly, they're not losing money, and far from it. If they were losing money they wouldn't be in business, but that doesn't mean they need a tax break handout. I've been conservative my entire life, but I'm not blind to the fact that our Government has their hands in everything, including bolstering prices of goods through taxation, but that doesn't give these companies the right to free reign. Based on that image you posted, which who knows where it came from or if the information is even accurate and also doesn't show 2010 or 2011, Exxon's 3rd quarter profit for 2011 of $10.33 BILLION would be cut to a paltry $5+ BILLION if their current tax rate was 50%, so $4 billion in tax breaks would be about $750 MILLION each when divided by 5 companies. I wouldn't call that insignificant, especially since WE are the ones paying for it. But yeah you're right, that's a down right crying shame.

I still stand by my statement, if the $4 billion goes away that we are subsidizing them with then I will try to show some compassion for their profit margins.

You missed the point. What happens if the oil companies decide $0.01 isn't enough profit for them, and they withdraw from our country? The majority of that money is made from other countries.

[Lone Sailor]

You're buying into the liberal arguments my friend. Do some research and find out why that's a joke. They pay more in taxes than money they make. They are the highest taxed businesses in the world. And US has the highest corporate income tax in the world on top of that. $4 billion in tax breaks for the top 5 oil companies is laughably insignificant in what they pay. If they don't make a profit, why the hell would they do business here? If they don't make the money they want, they leave and our economy crashes.

Exactly, they're not losing money, and far from it. If they were losing money they wouldn't be in business, but that doesn't mean they need a tax break handout. I've been conservative my entire life, but I'm not blind to the fact that our Government has their hands in everything, including bolstering prices of goods through taxation, but that doesn't give these companies the right to free reign. Based on that image you posted, which who knows where it came from or if the information is even accurate and also doesn't show 2010 or 2011, Exxon's 3rd quarter profit for 2011 of $10.33 BILLION would be cut to a paltry $5+ BILLION if their current tax rate was 50%, so $4 billion in tax breaks would be about $750 MILLION each when divided by 5 companies. I wouldn't call that insignificant, especially since WE are the ones paying for it. But yeah you're right, that's a down right crying shame.

I still stand by my statement, if the $4 billion goes away that we are subsidizing them with then I will try to show some compassion for their profit margins.

[CJ]

While this is true, the fact that frac companies are pumping 3-4 million gallons of surface water per well below the surface is freaking scary, although this has nothing to do with the rest of this somewhat derailed, and totally screwed up thread.

Carry on...

There are trillions of gallons of water beneath our surface, and it's always been there. The trade off was natural gas prices dropping from $8/lb to $1.17/lb or so.

[Chas_svo]

There is no less water on earth today than there has ever been.

While this is true, the fact that frac companies are pumping 3-4 million gallons of surface water per well below the surface is freaking scary, although this has nothing to do with the rest of this somewhat derailed, and totally screwed up thread.

Carry on...

[CJ]

I'll try to show more compassion about their tiny .02/gallon profit when the $4 BILLION in tax breaks that the big 5 oil companies get annually goes away.

You're buying into the liberal arguments my friend. Do some research and find out why that's a joke. They pay more in taxes than money they make. They are the highest taxed businesses in the world. And US has the highest corporate income tax in the world on top of that. $4 billion in tax breaks for the top 5 oil companies is laughably insignificant in what they pay. If they don't make a profit, why the hell would they do business here? If they don't make the money they want, they leave and our economy crashes.



To sum it up... if you make $15000 a year, and you pay $14000 in taxes, but I give you a $1000 tax break... and tell all the other people who make $5000/yr that you get a $1000 tax break does that make any damn sense? Sounds great, uneducated people buy it every day (yourself included).

[Lone Sailor]

Exxon makes approx $0.02 per gallon. It's eaten up my taxes, production, refinement, transportation, etc. A lot of people tell me that $0.02 profit on each is bullshit with how much money they make. I ask them how many companies do they buy their product 20-40 times each week? Not to mention 95% of all people in the country are avid customers.

I'll try to show more compassion about their tiny .02/gallon profit when the $4 BILLION in tax breaks that the big 5 oil companies get annually goes away.

[Downs]

Yeah that's what I was saying is that the big difference in price for them vs us is the insane taxes they pay in Europe.


Sent from my iPhone

[CJ]

Taxes is where most of that price difference comes from.


Sent from my iPhone

Exxon makes approx $0.02 per gallon. It's eaten up my taxes, production, refinement, transportation, etc. A lot of people tell me that $0.02 profit on each is bullshit with how much money they make. I ask them how many companies do they buy their product 20-40 times each week? Not to mention 95% of all people in the country are avid customers.

[Downs]

Taxes is where most of that price difference comes from.


Sent from my iPhone

[46Tbird]

I see that this thread has been derailed, but we were paying $1.64/liter for "petrol" in Ireland. That works out to $8.25/gallon, so just be glad you're not paying even half that.

[mikec]

What shingle company is that, or is it a roofing supply group? 10-20% is retarded. What are you paying now?

I've seen some steel price increases, but no where near 10%, and there was word that prices could actually ease in April. Fuel surcharges were bound to happen.

Roofing supply company, and when fuel goes up, everything goes up. I'll be checking with other suppliers to see how much they increase.

[dblack1]

"Dear Valued Customer,

Amid rising raw material and transportation costs, our residential roofing manufacturers have announced a price increase for April. Unfortunately, we must pass these increases on and will apply them to all shipments beginning April 16, 2012. We are anticipating an increase range of 10-20% on products and fuel surcharges.

Please be aware that manufacturers have already announced another increase for May. We will keep you informed as this situation develops and more information becomes available.

Please contact your XXX XXX representative with any questions and thank you for your continued support.

Sincerely,

Your Supplier"


Gotta fuckin love it!

What shingle company is that, or is it a roofing supply group? 10-20% is retarded. What are you paying now?

I've seen some steel price increases, but no where near 10%, and there was word that prices could actually ease in April. Fuel surcharges were bound to happen.

[mikec]

Gas prices don't affect anything...

"Dear Valued Customer,

Amid rising raw material and transportation costs, our residential roofing manufacturers have announced a price increase for April. Unfortunately, we must pass these increases on and will apply them to all shipments beginning April 16, 2012. We are anticipating an increase range of 10-20% on products and fuel surcharges.

Please be aware that manufacturers have already announced another increase for May. We will keep you informed as this situation develops and more information becomes available.

Please contact your XXX XXX representative with any questions and thank you for your continued support.

Sincerely,

Your Supplier"


Gotta fuckin love it!

[CJ]

nothing left to say. keystone will possibly create short term relief that is if the north and south portions are built. as it stands only the south will be fast tracked increasing wti by about 20$. the oil will go to whoever pays the most for it and with a tight oil market like what we have it will likely be shipped out. keystone= short term relief but the long term problems still exist.

60 year oil production projection is far from short term.

[Captain Crawfish]

What you're experiencing is when you run out of shit to say because none of what you know makes sense. It's time for you to do some research and regroup with some cohesive intelligent conversation.

nothing left to say. keystone will possibly create short term relief that is if the north and south portions are built. as it stands only the south will be fast tracked increasing wti by about 20$. the oil will go to whoever pays the most for it and with a tight oil market like what we have it will likely be shipped out. keystone= short term relief but the long term problems still exist.