And there was much rejoicing in the land.... Gas Prices

[Broncojohnny]

Out of all of the people here defending big oil, how many of you work in that field? Or have worked there in the past, or have family working in it?

Everyone defends their job. I am the first guy to scream at Tesla wanting to sell cars direct, because it influences my business. Just like the LEO's in here defend law enforcement practices.

In 2013, Exxon's CEO made 28.1 million and the company itself made 32.6 billion. Thats one guy and one oil company, so don't sit back and preach about how they're driving the economy, they're driving money into their own pockets. I'm not saying that they don't help and influence the economy, but they can do the same thing at a slightly lower profit margin.

They won't do it at a lower profit margin, they'll just cancel projects and fire people. Which is what people are saying in this thread. Rex Tillerson will make a few million less next year. Big deal. More importantly, the 7,000 people that Exxon will lay off will go from six figure jobs to ones saying "do you want fries with that?". How do you think that is going to affect the car business?

[Broncojohnny]

Conoco Phillips cuts capital spending for 2015 by 20% to $13.5 billion:

http://www.businessinsider.com/conocophillips-bp-cut-costs-2014-12

[jw33]

Let's all buy more gas on Wednesday.

[Denny]

They won't do it at a lower profit margin, they'll just cancel projects and fire people. Which is what people are saying in this thread. Rex Tillerson will make a few million less next year. Big deal. More importantly, the 7,000 people that Exxon will lay off will go from six figure jobs to ones saying "do you want fries with that?". How do you think that is going to affect the car business?

Conoco Phillips cuts capital spending for 2015 by 20% to $13.5 billion:

http://www.businessinsider.com/conoc...-costs-2014-12

Don't forget BP cutting a billion bucks worth of yobs.

[JC316]

You could say the same thing about almost any industry in regards to ceo pay and company profits, that is a shitty argument. If that's all you have, that and average joe saving 10 bucks a tank, you don't really understand how huge this industry is and how it effects the economy, especially the economy in texas.

No, my main point was that people will defend their jobs on the internet. Gas is basically $1 a gallon cheaper than it was in the summer, so that 10 bucks per tank is total fucking bullshit, more like $20 a tank. I fill up twice a week, thats $160 extra a month, nearly $2k a year. That ain't chump change.

They won't do it at a lower profit margin, they'll just cancel projects and fire people. Which is what people are saying in this thread. Rex Tillerson will make a few million less next year. Big deal. More importantly, the 7,000 people that Exxon will lay off will go from six figure jobs to ones saying "do you want fries with that?". How do you think that is going to affect the car business?

Precisely, it's greed and the guys that work in that industry don't seem to notice that. You honestly think that giving 7K people 6 figure salaries justifies raping everyone else? Actually getting more people into minimum wage jobs would improve my sales since I sell older vehicles. Being in business for 4 years now, I have sold to one oil worker.

[bcoop]

In 2013, Exxon's CEO made 28.1 million and the company itself made 32.6 billion. Thats one guy and one oil company, so don't sit back and preach about how they're driving the economy, they're driving money into their own pockets. I'm not saying that they don't help and influence the economy, but they can do the same thing at a slightly lower profit margin.

I've read their profit margins are in the single digits. I tend to think there's truth in that, because you only hear people complain about the billions in profits made, but people don't realize the sheer volume of product. If they're really averaging single digit margins, you really can't expect them to do it for less. That's nonsense.

[SS Junk]

Meanwhile in Canada, America's evil cheap gas is killing Canadians:

http://www.weather.com/news/news/north-dakota-oil-by-rail-investigation

[32vfromhell]

Conoco Phillips cuts capital spending for 2015 by 20% to $13.5 billion:

http://www.businessinsider.com/conoc...-costs-2014-12

Capital Spending across most major airlines is up with big projects across a wide spectrum of fields.

http://www.engadget.com/2014/12/10/united-attendants-get-iphone-6-plus/

[Broncojohnny]

Precisely, it's greed and the guys that work in that industry don't seem to notice that. You honestly think that giving 7K people 6 figure salaries justifies raping everyone else? Actually getting more people into minimum wage jobs would improve my sales since I sell older vehicles. Being in business for 4 years now, I have sold to one oil worker.

I get it, Exxon is greedy because they employee thousands of people. They shouldn't do that though because you need more minimum wage customers for your car lot. No offense but it seems like there might be some greed on your part in that gameplan.

[Broncojohnny]

I've read their profit margins are in the single digits. I tend to think there's truth in that, because you only hear people complain about the billions in profits made, but people don't realize the sheer volume of product. If they're really averaging single digit margins, you really can't expect them to do it for less. That's nonsense.

It is a liberal talking point. If Exxon makes $.03 on a gallon of gas it is an outrage. Meanwhile the government taxes it for $.30 a gallon and Apple makes ~20% on an IPhone and no one gives a shit.

[bcoop]

It is a liberal talking point. If Exxon makes $.03 on a gallon of gas it is an outrage. Meanwhile the government taxes it for $.30 a gallon and Apple makes ~20% on an IPhone and no one gives a shit.

Can't argue with any of that. I still say spending is nuts, though.

[Broncojohnny]

Can't argue with any of that. I still say spending is nuts, though.

If you think it is nuts now, wait until oil is $150 a barrel and they start drilling into the middle of the oceans to get it.

[slow99]

It is a liberal talking point. If Exxon makes $.03 on a gallon of gas it is an outrage. Meanwhile the government taxes it for $.30 a gallon and Apple makes ~20% on an IPhone and no one gives a shit.

Tim Cook only make $40 MM a year!

[Mike]

Does this mean I won't have to see so many of those stupid fucking "oilfield wife " and "real oilfield housewives" bumper stickers?


WIN

[JC316]

I've read their profit margins are in the single digits. I tend to think there's truth in that, because you only hear people complain about the billions in profits made, but people don't realize the sheer volume of product. If they're really averaging single digit margins, you really can't expect them to do it for less. That's nonsense.

The profit margins are roughly 7%, but thats after all expenses. The insane employee salaries are part of expenses.

I get it, Exxon is greedy because they employee thousands of people. They shouldn't do that though because you need more minimum wage customers for your car lot. No offense but it seems like there might be some greed on your part in that gameplan.

Nope, they're greedy because they will do whatever it takes to continue the record profits, including laying off workers. The minimum wage was mostly a joke. The type of car that I deal in is the older, higher mileage vehicle. Most people making 6 figure salaries will buy new, which isn't what I deal in.