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Yeah for big oil!!!
Posted: Tue Feb 12, 2008 11:35 pm
by flashmaster
Good job last year guys way to stick it to us!
Exxon Mobil made $40.6 Billion in profits last year!! WTF!?!?!?!?!
http://www.americanprogress.org/issues/ ... h_oil.html
sorry I dont know how to make it a hyperlink thingy
Posted: Tue Feb 12, 2008 11:38 pm
by flashmaster
oh i guess it does it automatically
Posted: Tue Feb 12, 2008 11:48 pm
by ynot
yup ,just about enough to install thier choice for the next prez....
Posted: Wed Feb 13, 2008 9:17 am
by dhoyne
As bad as it seems, it's not totally their fault. They make a product, it costs them x dollars to make. Stock brokers tell them their product is worth y dollars, so they sell it for that. It's pretty simple really.
That being said, it's what they do with the profit that matters... and I don't see any massive innovations coming out of them right now.
Posted: Wed Feb 13, 2008 9:28 am
by Josephine
dhoyne wrote:As bad as it seems, it's not totally their fault. They make a product, it costs them x dollars to make. Stock brokers tell them their product is worth y dollars, so they sell it for that. It's pretty simple really.
That being said, it's what they do with the profit that matters... and I don't see any massive innovations coming out of them right now.
why would they do "massive innovations" that would then make their product obsolete?
Posted: Wed Feb 13, 2008 10:44 am
by Saxman
Because they know their product is not going to be around forever and stockholders don't like seeing a company go out of business and wiping out their investment. A good example is how digital photography has almost completely replaced film nearly killing Kodak.
Posted: Wed Feb 13, 2008 10:58 am
by pigsteak
dhoyne wrote:As bad as it seems, it's not totally their fault. They make a product, it costs them x dollars to make. Stock brokers tell them their product is worth y dollars, so they sell it for that. It's pretty simple really.
That being said, it's what they do with the profit that matters... and I don't see any massive innovations coming out of them right now.
stockbrokers tell them the price????? whoa, someone needs a new economic lesson.
it really isn't that simple.
Posted: Wed Feb 13, 2008 11:06 am
by Josephine
well it seems to be me the bigger the company, the more entrenched they are in "this is the way it has always been" and the slower they are to change - even if that's in their best interest. I seriously doubt that big oil will EVER come up with "massive innovations." But I'm holding out hope for small companies coming up with alternatives.
Posted: Wed Feb 13, 2008 11:17 am
by pigsteak
josephine...what is your definition of a small company? you realize that in wall street gibberish a micro cap is a compnay with under $250 MILLION in annual sales. not really that small if you ask me.
Posted: Wed Feb 13, 2008 2:09 pm
by heidiramma
All this gibberish, no wonder I suck at Monopoly.