Exxon Mobil reported 340 billion in profits for taxes today, with all the Hurricane Katrina damage. What do you think the reports will be for 2006?
216456
$2.98 per 9/10 gal. So Cal.
176620
Mtn Biker, you conveniently left out that Exxon had sales of 330B last year.  Figure 90M into that and it would have almost zero affect (maybe 1/10th of a cent) on gas prices.\n\nI don't really care if you want to put the blame on Bush.  It's the fad these days anyway.  Others have pointed out the supply/demand nature of crude oil, which sets gas prices.  You might argue he could indirectly affect gas prices, but he doesn't affect them directly.  It can be argued both ways, so read up and make your own opinion.\n\nI'd like to point out that an Exxon boycott would do just about nothing because Exxon would end up selling their gas to the other suppliers that weren't being boycotted.  A selective boycott shifts the demand, not decreases it, which is what is needed to lower prices.\n\nThe mythbuster on that urban legend is here: http://www.snopes.com/politics/gasoline/gasout.asp
209984
Greed at it worst. I received an email last week asking that you do not buy Exxon/Mobil gas, saying that you can't ask people not to drive but if you boycott the biggest oil co out there that their prices will have to come down and the the other companies' will have to follow suit. if enough people were to do this it would work. The email also suggested you don't buy Exxon/Mobil until the price gets down to $1.30 gal
655687
global oil conglomerates aka the cookie monster, greed at it's most BASIC element.  The internal combustion engine has been obsolete since the 1950s.  Oil companies this year have set record profits, so much so  that the US government is  trying to figure out what to do about it.  Renewable energies equates to no profits these companies will sooner shove oil down our throats(WW III) rather than to allow renewable energies to become main stream.  Look for the US government to lead the world into a global government!!!!!
138912
They say at the start of vacation season. $100.00 Dollars a barrel is their goal. I have heard though that was a farce too, since they move it by the tanker. I saw that on the news..
175848
Exxon, Shell, Conoco, Mobile are just a\nfew of the reasons.
213000
Exxon gives a lot of that to stockholders, taxes, building infrastructure, providing jobs, research and technology, grants, donations, etc, etc, etc.  Somebody's not sitting around counting money at your expense.  Stop feeling sorry for yourself.\n\nWhat war are you talking about?  The one that ended in victory a couple of years ago with the fall of Saddam?  I hope you are not confusing that with the U.S. helping a fledgling democracy with security against terrorists until they can take care of themselves.  What does that have to do with oil prices again?  By the way, those who think we went into Iraq for oil, where is all this oil we are supposedly getting?  HAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!
27316
You have a point about oil revenues from Iraq paying for the war.  So far, production has not made this possible.  The government doesn't sell gas, oil companies do.  They sell their products at the price the market will bear, just like Home Depot, American Airlines, and Wendy's.  Exxon-Mobil made about 9.7 cents per dollar of revenue during their biggest quarter last year, which was their biggest quarter ever.  Want to know what your bank made?  Probably around 25 cents!! Wonder no more why interest rates are so low....the banks are pocketing the change, but you don't hear any uproar about that.   Oil companies typically make around 5.7 cents per dollar, lower than most industries.  If you want to live in a country that has price controls, try China, Cuba, or the former Soviet Union.  Didn't work out too well for them.
202811
Total Cost of Tax Break: $76.5 billion from 2005-2014\n\nIn this provision, America’s largest energy companies—among the most profitable in the U.S. economy—would succeed in reclassifying energy production as a manufactured good in order to qualify for potentially tens of billions of dollars in new tax deductions. The manufacturing tax deduction has previously only been available to traditional manufacturing industries. The amount of the tax deduction is 3% of a company’s production income in 2005 and 2006; rising to 6% in 2007-2009, and 9% after 2009.\n\nThe total cost of this tax deduction, $76.5 billion from 2005-2014, includes the value of the tax deduction for energy companies and other industries, including movie studios, real estate developers and engineering and architectural services associated with real estate development. It is a safe assumption that energy companies—due to their size within the U.S. economy—will be the largest recipient.\n\nSince 2001, electric power, natural gas and oil corporations have contributed $73 million to federal candidates, with three-quarters of that total going to Republicans. Halliburton is the largest oil field services provider and provides services to Chevron. Bush Sr. was a director of Halliburton. Dick Cheney was Halliburton's CEO. Chevron is the #1 importer of Iraqi oil. Members of the Bush administration planned to oust Saddam and establish control in Iraq since long before the Iraq war. Bush started a war in Iraq. War brings profit to defense contractors. Bush Sr is a director of one of the world's largest defense contractors.    See the circle of greed and profit? These facts show there is a serious conflict of interest with the relationships between the Bush family, the Bush Administration, ChevronTexaco, Halliburton, the Carlyle Group and members of PNAC. The Bush family and friends have been profiting from war and will continue to profit greatly through continued services contracts in Iraq and the controlled flow of Iraqi oil.
217631
Let's see.\n\nIf you actually do any form of primitive Google search, the chairman got a golden parachute of 400M, not 1B.  Even if it was 1B, it wouldn't really matter that much.\n\nLast year, Exxon had 330B in revenues, so if you add back in 400M, that's around .1%.\n\nAssume you bought gas around 3$ per gallon.  .1% of that is 3/10 of a cent.  Depending on your usage, I'd say the typical person uses around 600 gallons a year.  So, you gave him $1.80.  Off 1B, it would have been closer to $5 last year.  The actual number is probably slightly higher because things that needed transport would have been passed on, but you get the general idea.\n\nPeople get hung up on someone's pay but never get around to figuring out how much it actually affects them.  Do you still worry about how much Bill Gates makes or the CEO of Google (who's made billions in the last couple years also), etc.?
526568
Are you aware we don't even know who make our energy policy. Oh, Cheney and some of his budies.  I wonder if the record profits the oil companies are making could have anything to do with Cheney and his secret policy energy making group?
171382
The Bush family has made all there money for years of of oil and dirty deeds. If you research it you will find there was a deal with Sadam about a pipe line to be built, And when he refused we went to war!! These oil companies are making record profits!!! No one is doing anything to stop them. And oil is part of the reason we are at war, to control more oil!!
183118
I didn't know that, but on the Today show this morning they said a gallon of gas in Iraq is 35 cents and 12 cents in Venezuela!  We're getting ripped!
646278
Contact your legislature and yell like hell. You guys had what? 5 hurricanes last year? The insurance companies are trying to save their own ASSets.
352405
Ask the family's of the 2,000 plus killed in Iraq. Ask the business and commuter who paid the highest gas prices in history, Ask the Katrina suffers who still await help. Now ask the contractors who make weapons for the war. One out of four, is that bad?
231585
Why add more taxes that will just get passed down to the consumer making it more expensive?  The idea to tax someone because they make money after decades of $20 barrel oil, not being able to explore due to the cost involved and congress forbidding drilling off-shore just last week.\n\nCongress, the environmentalist, and the problems in the Middle East (every time Iran's President threatens someone the price goes up thanks to the stock market) are to be blamed, in spite of the fact they are trying to do the popular thing and blame business.
224263
In our area, we are boycotting Exxon. Do not know if it is working yet, but boy does it feel good when I drive by Exxon & refuse to pay their high prices. We used email notification. Someone emailed me - then I emailed all my friends - then they emailed all their friends. Almost everyone I know is in on the Boycott. Exxon eat dirt not my money.