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ExxonMobil
ExxonMobil VP Ken Cohen wants you to know that the company is a victim of high oil prices too:
“ExxonMobil doesn’t set oil prices,” noting the company produces less than 3 percent of the world’s daily oil supply, “so it’s really not credible to suggest that we are responsible for world oil prices.”

But then he urges angry Americans to think local, not global. “How are pump prices set at Exxon and Mobil stations?” Cohen writes. “We don’t own 99.5 percent of them, and therefore we don’t set the price. Local stations are often owned by a businessman or businesswoman in your community, and they set their own prices based on local market conditions.”

And if all else fails, Cohen reminds readers that companies in other industries make tons of money as well.

“In 2010, ExxonMobil made less than 8 cents for every dollar of revenue from all of our businesses around the world,” he wrote.

Presumably, ExxonMobil's profits will be mindnumbingly huge when they are announced in the morning, but just keep in mind what Cohen told you: it's not their fault. They are every bit as much a victim in this as you are. It's all the fault of the dastardly service station owners who keep on jacking up the price. And by all means, nobody should dare even consider taking away ExxonMobil's tax subsidies (especially you John Boehner!). It would be totally unfair to target prevent a company from getting corporate welfare just because it doesn't need it.

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Comment Preferences

  •  actually they cut off my local station owner (13+ / 0-)

    a few years back because he wasn't profitable enough for them. He had to switch to Shell.  

    So f you, Mobil.

  •  I've heard stations don't make money selling gas. (13+ / 0-)

    It's the snacks and slurpees and coffee and emergency wiper fluid and lotto tickets.  

    If you want a link, I'll look for a link. If you really want it. Just ask.

    by Inland on Wed Apr 27, 2011 at 06:06:11 PM PDT

    •  And those service stations which are still garages (3+ / 0-)
      Recommended by:
      METAL TREK, Egalitare, shanesnana

      and actually repair your auto

      "We have always known that heedless self-interest was bad morals, now we know that it is bad economics." Franklin Delano Roosevelt, Jan. 20, 1937

      by Navy Vet Terp on Wed Apr 27, 2011 at 06:13:04 PM PDT

      [ Parent ]

    •  This is true (4+ / 0-)
      Recommended by:
      JeffW, Odysseus, shanesnana, The Nose

      Exxon is trying to fob off the blame, but the local franchises have much lower margins than them.

      "There’s nothing courageous about asking for sacrifice from those who can least afford it and don’t have any clout on Capitol Hill."

      by bay of arizona on Wed Apr 27, 2011 at 06:22:03 PM PDT

      [ Parent ]

    •  In my neighborhood, where you can talk to the (4+ / 0-)
      Recommended by:
      Odysseus, wsexson, shanesnana, The Nose

      station operator, the price of gas per gallon fluctuates in accordance with the bill handed to the operator by the oil company for that delivery, going up and down a few pennies depending on the cost that day to the operator. This is the explanation I get for why gas stations for the same brand within a half mile of one another have different prices on the same day. Each tank's gallons are priced to car owners based on the price the delivery truck gave them, which also goes up and down.

    •  True (0+ / 0-)

      My sister used to run a gas station/convenience store (independent, not a chain). She said that the gas price is based on what they had to pay for a tankerful, and the they had to figure out how to raise the price enough to make it worthwhile, but low enough that people won't go elsewhere.  They made 3 cents a gallon at most.

      She said that pay-at-the-pump killed their business.  In the past, you'd pump your gas and go in to pay, where you'd inevitably see something you needed/wanted, which is where the owner made their money.  Now that we can pay at the pump, there's no incentive to go inside.

      The big franchises can afford to take a hit on the gas prices, so it drives out the mom-and-pop stores.

      The "free market" at its finest.

      The Price of Apathy towards public affairs is to be Ruled by Evil Men. ~ Plato

      by smrichmond on Thu Apr 28, 2011 at 03:22:29 PM PDT

      [ Parent ]

  •  I do have a problem with media (9+ / 0-)

    Making such a big deal about "huge profits".

    Who cares unless they're making some mind-numbingly obscene profit MARGIN.

    It's a friggin large company ok.   Super huge revenue... times a small profit margin... equals... super huge profits.

    •  I agree that the media doesn't put things in (1+ / 0-)
      Recommended by:
      orangecurtainlib

      context, but the profit margin of Exxon is much higher than the average corporation.

      "There’s nothing courageous about asking for sacrifice from those who can least afford it and don’t have any clout on Capitol Hill."

      by bay of arizona on Wed Apr 27, 2011 at 06:23:26 PM PDT

      [ Parent ]

      •  not so much (2+ / 0-)
        Recommended by:
        Sparhawk, nextstep

        O&G companies are gonna have a good year - maybe >10% return on investment - but they were losing money in '09, and generally they make much less %return than software, pharma or even most manufacturing. I can't believe how much whining there is when gas goes up a bit - still less money than I spend at the coffee shop (I live in a walkable neighborhood, drive a prius and drive less than 3k miles/year. My suggestions:
        buy oilco stocks, live in a walkable neighborhood, buy a hybrid.

      •  Are you sure about that? (3+ / 0-)
        Recommended by:
        noladerf, Jon Says, nextstep

        Exxon's historical profit margins are pretty similar to other companies, especially if you look at the full cycle.  Oil was in the $30s a couple years ago.

        Let's also not forget that gas taxes at the pump are far larger than Exxon's profit and Exxon pays a lot of taxes on its profits.  

        I'd rather have Exxon make money than the nut jobs in the middle east.

        •  From the same post by Cohen (0+ / 0-)
          ExxonMobil’s earnings are in line with the industry average
          In 2010, ExxonMobil made less than 8 cents for every dollar of revenue from all of our businesses around the world. That’s less than half of companies selling pharmaceuticals, beverages, tobacco and computers, just to name a few. On a dollar-for-dollar basis, our earnings, and those of the U.S. oil and gas industry at large, are generally in line with the average earnings of all U.S. industries.

          AspiringtobethepersonmydogthinksIam

          by FOYI on Wed Apr 27, 2011 at 07:10:43 PM PDT

          [ Parent ]

    •  It's the margins of the transactions (0+ / 0-)

      on the commodities and futures markets.  The media will always assist them with excuses such as a bombing in XYZ Middle East country means all oil prices will increase.  

      Alot like the stock market dropped "...because they didn't like the Presidents speech on X...".

      Complete distracting, distorting BS

      Compassion and Charity are vices to the right. Greed is a virtue.

      by orangecurtainlib on Wed Apr 27, 2011 at 06:30:59 PM PDT

      [ Parent ]

    •  Wall Street Business vs Mainstreet Business (1+ / 0-)
      Recommended by:
      The Nose

      These behemoth class companies make record profits when their costs skyrocket.  

      When you're a vertically integrated multinational that might work for you, but it highlights the different "markets" occupied by our American businesses.

      If the cost of raw goods goes up for most mainstreet businesses it means they may have to increase their prices, but they are contrained by the competitive free market because if they increase their prices too much, their customers will go elsewhere.

      So for them increased costs ususally mean decreased profits.

      For the behemoth class of international Wall Street businesses like Big Oil, it doesn't seem to work quite the same.

      And now they're trying to pass the blame for high gas prices down on the little owners who run the local gas station?

      Why any of these small business owners are still willing to let themselves be used as political and economic cannon fodder is really beyond me.

      We'd rather dream the American Dream than fight to live it or to give it to our kids. What a shame. What an awful, awful shame.

      by Into The Woods on Wed Apr 27, 2011 at 06:35:02 PM PDT

      [ Parent ]

    •  Small profit margin? 8% is not a small margin, (1+ / 0-)
      Recommended by:
      Trotskyrepublican

      particularly when the US tossses in the oil "depletion" allowance.

      We could live on 8% rather handsomely.

      It is an old strategy of tyrants to delude their victims into fighting their battles for them. --FDR

      by Rube Goldberg on Wed Apr 27, 2011 at 06:55:18 PM PDT

      [ Parent ]

  •  Give me an F, give me a U (1+ / 0-)
    Recommended by:
    JeffW

    what's that spell?
    Say it three times fast.

    Heavens to Murgatroyd.

    by nellgwen on Wed Apr 27, 2011 at 06:07:44 PM PDT

  •  They deserve worse: the regular Mobil Op-Eds (1+ / 0-)
    Recommended by:
    Gary in NY

    were the worst form of reactionary claptrap and before the merger, all stations were corporately owned

    I am off my metas! Präsidentenelf-maßschach; Warning-Some Snark Above join the DAILY KOS UNIVERSITY "Nous sommes un groupuscule"

    by annieli on Wed Apr 27, 2011 at 06:07:45 PM PDT

  •  IM CALLING BULLSHIT-EXXON GAS is ALWAYS >$$$ (1+ / 0-)
    Recommended by:
    JeffW

    the exon and mobil stations in my area are 5-12 cents per gallon more than other brands

    •  yeah, they use marketing... (2+ / 0-)
      Recommended by:
      JeffW, Christy1947

      to promote the brand. People consistently will pay more $/gal for Exxon or Shell gas due to the brand recognition and intense marketing. Pretty much, it's all the same gas - I advise buying the cheapest gas you can find if you trust the outlet not to have water in the tanks.

    •  If people are dumb enough to pay for it... (2+ / 0-)
      Recommended by:
      noladerf, Jon Says

      ...than that would seem like their problem, not Exxon's.  The prices are generally posted on the largest signs in the neighborhood.  It's not like it's a big secret.

    •  Local station owners profiteers? I call bullshit. (2+ / 0-)
      Recommended by:
      Noamjunior, The Nose

      It seems ExxonMobil may be trying to blame station owners for prices? As if the station owners are the ones profiting?  And they don't own 99.5% of the stations?

      What poor memories they think we have.  According to local property records, Mobil Oil Corporation, PO Box 53, Houston TX owns the 3 Mobil stations nearest me.  Not too many years back, they were trying to eliminate independently owned stations.  A few local stations that were independently owned were forced out by ExxonMobil and rebranded or closed when they wouldn't go along with the company's plans.

      A few years later, ExxonMobil flip-flopped on that.  In 2008, they decided to sell stations, because there was no profit to be made on the stations.

      Am I to believe that after ExxonMobil decided there was no profit in the stations, and started selling them, that the local station owners they sold out to are now the ones raking in the profits? Is this how they really run a major for-profit corporation?  Give me a break.

  •  So, if I have this right... (9+ / 0-)

    ... if a local station owner wants to sell more gas than the station on the other corner, all he has to do is lower his price a bit and sit back and watch everyone drive up to his pumps. Basically, if he lowers his price, he will get more demand.

    Someone should tell all of these local gas station owners this. We will be back down to 50 cents a gallon in no time.

    "As God is my witness, I thought turkeys could fly."- Arthur Carlson

    by bobinson on Wed Apr 27, 2011 at 06:09:54 PM PDT

  •  8% profit margin? (3+ / 0-)

    Oh, woe is us. We can't possibly get by on 8% profit on billions of barrels of $110/barrel oil.

    If bin Laden owned an oil company, [the GOP would] be wearing long beards and shooting at US troops in Afghanistan.-Geekesque

    by Dr Squid on Wed Apr 27, 2011 at 06:10:39 PM PDT

  •  Why blame the station owners? (3+ / 0-)
    Recommended by:
    Gooserock, noladerf, Into The Woods

    Personally, I blame the cashier who makes the coffee every morning.  

    "Children lack morality, but they also lack fake morality." Mignon McLaughlin

    by djbender on Wed Apr 27, 2011 at 06:11:51 PM PDT

    •  If only the cashier was unionized, then we could (0+ / 0-)

      outlaw the union and immediately have 25 cent mochas.  

      (Just sprinkle "Walker Dust" on the problem.)  

      We'd rather dream the American Dream than fight to live it or to give it to our kids. What a shame. What an awful, awful shame.

      by Into The Woods on Wed Apr 27, 2011 at 06:43:19 PM PDT

      [ Parent ]

  •  It's the serfs fault. Always is. (6+ / 0-)

    S.A.W. 2011 STOP ALL WARS "The Global War on Terror is a fabrication to justify imperialism."

    by BigAlinWashSt on Wed Apr 27, 2011 at 06:12:43 PM PDT

  •  It's really not their fault (1+ / 0-)
    Recommended by:
    Hoghead99

    they will break their own record profits. I mean seriously, what are they supposed to do? Charge less? What good would that do? I mean, they already don't have their energy prices represented in inflation so it's not like inflation will go up or anything...you guys should really lighten up.

    -7.5 -7.28, Democratic Socialism...It's not just for Europeans.

    by Blueslide on Wed Apr 27, 2011 at 06:13:17 PM PDT

  •  Like Employees, Dealers Should Earn Slave Wages (1+ / 0-)
    Recommended by:
    Ezekial 23 20

    Wealth isn't supposed to be for anybody but the aristocracy.

    We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

    by Gooserock on Wed Apr 27, 2011 at 06:14:53 PM PDT

  •  Large volume = large gross profit (3+ / 0-)
    Recommended by:
    noladerf, Uncle Milty, coffeetalk

    Exxon sold an ass load of gas last year.   So what.

    Profit margin is the key figure.  Exxon's 8.9% net profit is a lower net profit than that of CBS.

    Demagogues take note.  

    If you lose your disc or fail to follow commands, you will be subject to immediate de-resolution. That will be all.

    by SpamNunn on Wed Apr 27, 2011 at 06:16:40 PM PDT

    •  You realize (2+ / 0-)
      Recommended by:
      Odysseus, The Nose

      that the post is noting that Exxon is directing consumers to blame local gas station owners for setting high prices?

      What is the margin for a owner operated gas station franchise - more or less than Exxon?

      And how many federal subsidies are going to CBS annually?

      "There’s nothing courageous about asking for sacrifice from those who can least afford it and don’t have any clout on Capitol Hill."

      by bay of arizona on Wed Apr 27, 2011 at 06:28:52 PM PDT

      [ Parent ]

    •  A Former ENRON Accountant? (0+ / 0-)

      Gross profit is a percentage of revenue.

      So you're a bit off there.

      The gross profit margin formula is revenue minus cost of goods sold divided by revenue. For example, a company with revenue of $125,000 and cost of goods sold of $75,000 has a gross profit margin of 40 percent. This indicates 40 cents of each dollar is available to pay for expenses and provide profit

      How to Compare Industry Gross Profit Margins

      We'd rather dream the American Dream than fight to live it or to give it to our kids. What a shame. What an awful, awful shame.

      by Into The Woods on Wed Apr 27, 2011 at 06:46:56 PM PDT

      [ Parent ]

      •  key measure is return on investment (2+ / 0-)
        Recommended by:
        SpamNunn, coffeetalk

        O&G trails many industries on ROI and trails most businesses on profit/sales due to the huge sales.

        •  By all measures, oil companies are poor (0+ / 0-)

          targets for fact supported demagoguery.   Blogs probably have a higher profit margin and contribute less to society than oil companies.  

          At least oil companies pay the people who produce what they sell.  

          If you lose your disc or fail to follow commands, you will be subject to immediate de-resolution. That will be all.

          by SpamNunn on Wed Apr 27, 2011 at 07:11:08 PM PDT

          [ Parent ]

          •  wtf? (1+ / 0-)
            Recommended by:
            SpamNunn

            Someone did post facts regarding O&G profit margins, and you posted none.

            You notably refused to answer when I asked what was the local gas station's profit margins - which is what this post is about.

            Not sure why you think acting like a douchebag will make people believe that oil companies deserve our sympathy, unless you are trying to win some concern troll award.

            "There’s nothing courageous about asking for sacrifice from those who can least afford it and don’t have any clout on Capitol Hill."

            by bay of arizona on Wed Apr 27, 2011 at 07:22:02 PM PDT

            [ Parent ]

            •  I did not deem your dickishness worthy of my (0+ / 0-)

              effort of reply.  I could care less what you think, and I am even less inclined to waste my time responding to you.   That should take care of our relationship for the rest of our natural lives.  

              End of dialogue.  

              If you lose your disc or fail to follow commands, you will be subject to immediate de-resolution. That will be all.

              by SpamNunn on Wed Apr 27, 2011 at 07:26:23 PM PDT

              [ Parent ]

        •  Oooh. Facts. Where the hell did you come from!? (0+ / 0-)

          You won't persuade anyone here, though.  

          If you lose your disc or fail to follow commands, you will be subject to immediate de-resolution. That will be all.

          by SpamNunn on Wed Apr 27, 2011 at 07:12:17 PM PDT

          [ Parent ]

      •  It's what's left over after expenses are paid that (0+ / 0-)

        matters.  

        If you lose your disc or fail to follow commands, you will be subject to immediate de-resolution. That will be all.

        by SpamNunn on Wed Apr 27, 2011 at 07:14:47 PM PDT

        [ Parent ]

        •  You mean expenses... (2+ / 0-)
          Recommended by:
          Odysseus, The Nose

          ...like super fat executive pay? Graft to lobbyists to buy politicians? lawyer fees to reduce payments to oil spill clean ups...oh those pesky expenses.

          -7.5 -7.28, Democratic Socialism...It's not just for Europeans.

          by Blueslide on Wed Apr 27, 2011 at 07:26:03 PM PDT

          [ Parent ]

        •  And that goes to shareholders (2+ / 0-)
          Recommended by:
          noladerf, Jon Says
          ExxonMobil earnings go to our shareholders
          Once we’ve paid our expenses, paid our taxes and funded new projects, we turn the rest of the money over to our shareholders. Last year we distributed more than $19 billion to shareholders through dividends and share purchases.
          If you’re living in the United States – where some 85 percent of our shareholders live – chances are you’re benefiting in some direct or indirect way from our earnings even if you don’t own our stock. For example, if you live in any of the following states, your public sector or teachers retirement funds hold shares in ExxonMobil: New York, California, Texas, Ohio, Colorado, Alabama, Tennessee, Alaska, Michigan, Pennsylvania, Kentucky and Utah. Many more retirement funds, 401-Ks and IRAs hold shares in ExxonMobil and other major publicly traded oil companies – including those for government workers and members of Congress.

          AspiringtobethepersonmydogthinksIam

          by FOYI on Wed Apr 27, 2011 at 07:31:01 PM PDT

          [ Parent ]

    •  Sooo...they should get out of... (0+ / 0-)

      ...the O&G biz and put their collective energy into something more profitable...like Private Health Insurance?

      The so-called "rising tide" is lifting only yachts.

      by Egalitare on Thu Apr 28, 2011 at 01:12:01 AM PDT

      [ Parent ]

  •  Hell no we won't.... (1+ / 0-)
    Recommended by:
    Ezekial 23 20

    Hell no we won't stop corporate welfare, nor will we means test them.

    We will end, means test or otherwise penalize all of you whaleshit low worker bees who have been considering that Medicare and Social Security would be a part of your retirement.

    Hell no we won't give you worker bees shit.  Buck up.  Pull yourselves up by the bootstraps and just be thankful that your corporate overseers deign to allow you worker scum to survive.

    Like being cattle/chattel to multi-national corporations.  It's only the beginning.  Don't shoot the messenger, but it is going to get much worse; and the probability that it will get better is not very good.

    Fascism=corporatism= all Repubs and a good number of Dems are bought and paid for by corporate interests.  I wish that I could offer a cheery, sanguine prediction for our country.  I can't.

    After all, for progressives, taking one for the team is desirable, but all too often at present, we are taking one from the team.

    by El Tomaso on Wed Apr 27, 2011 at 06:17:06 PM PDT

  •  They're making the profits accidentally...n/t (1+ / 0-)
    Recommended by:
    The Nose

    Compost for a greener planet.............got piles?

    by Hoghead99 on Wed Apr 27, 2011 at 06:18:29 PM PDT

  •  I feel really bad that Exxon's profits (3+ / 0-)
    Recommended by:
    Ezekial 23 20, Odysseus, The Nose

    aren't even bigger.  Where do I send my check to keep the poor bastards from starving?

    The conundrum of stable democracy: Reform requires the consent of the corrupt.

    by Troubadour on Wed Apr 27, 2011 at 06:20:31 PM PDT

  •  So, A) how do the prices at the stations they do (0+ / 0-)

    own compare to other local stations?  Are they incredibly cheaper, or right in line with all the others?  If they're right in line, then if they are suggesting gouging by other stations, than they have to be gouging too.

    and B) I actually saw something on the news the other night about a bunch of gas stations suing a different gas station because it's prices were too low.  The station in question gave 3 cents off to everyone, and allowed people to get 'reward points' by buying other items in their store.  So for thirteen cents a gallon price drop, they were getting sued by other stations that didn't offer such drops.

  •  re: tax: their all in tax rate is around 50%. (2+ / 0-)
    Recommended by:
    noladerf, VClib

    When you include all tax (income, sales, property) it's a pretty high tax rate.  I was surprised by that.

    •  Do they pay it? (2+ / 0-)
      Recommended by:
      noladerf, sap

      Given how many other giant corporations pay $0, if Exxon is paying 50% in taxes, I'd have to either say their accountants are idiots, or they're godless socialists, trying to screw up the natural order of things for every other giant corp by setting a bad example.

      •  Those are *all taxes*. (1+ / 0-)
        Recommended by:
        VClib

        When people are talking about zero tax, they're talking specifically about US federal income tax.

      •  From the same post by Cohen (3+ / 0-)
        Recommended by:
        noladerf, Jon Says, VClib
        ExxonMobil is one of the largest taxpayers in the United States
        Last year, our total taxes and duties to the U.S. government topped $9.8 billion, which includes an income tax expense of $1.6 billion. Over the past five years, we incurred a total U.S. tax expense of almost $59 billion, which is $18 billion more than we earned in the United States during the same period. Critics often try to ignore these facts by saying the oil and gas industry receives “subsidies.” But what they really mean is that they want to increase our taxes by taking away long-standing deductions for our industry while leaving these same deductions in place for other sectors of the economy.

        AspiringtobethepersonmydogthinksIam

        by FOYI on Wed Apr 27, 2011 at 07:15:31 PM PDT

        [ Parent ]

  •  Inland & Navy Vet Terp got it right! (5+ / 0-)
    Recommended by:
    noladerf, JeffW, Odysseus, Egalitare, The Nose

    From what I've read, most gas stations make the bulk of their money from the sale of groceries, food, cigarettes, beer, auto repairs (those that are still garages, that is). So this Exxon asshat is full of shit.

    A village can not reorganize village life to suit the village idiot.

    by METAL TREK on Wed Apr 27, 2011 at 06:31:17 PM PDT

  •  This is pathetic on Exxon's part (3+ / 0-)
    Recommended by:
    JeffW, bay of arizona, Odysseus

    I worked at a gas station. The owner of this "local station" set the price of gas at a profit of 10 cents a gallon. If it costs him $3 a gallon, he sold it for $3.10. He made his living doing auto repairs in the garage.

     Local stations also know drivers seek out the cheapest price, and if they were even 30 cents below the norm, they would make tons of money, if they had the wiggle room to make a profit

     Screw you Exxon, I so hope you lose your tax payer subsidy.

  •  Y'know what the friggin' Mobil convenience store (0+ / 0-)

    .... where I buy most of my gas charges for a friggin' hot gog or a friggin' Orangina?????

    Yes, definitely. I'm glad ExxonfrigginMobil is pointing the finger at who's really responsible for everything that's pissing the average Joe/Jane off about the state of the world.

    "So, am I right or what?"

    by itzik shpitzik on Wed Apr 27, 2011 at 06:35:20 PM PDT

  •  Bullshit (3+ / 0-)
    Recommended by:
    JeffW, bay of arizona, The Nose

    Unless something has changed in the last couple of years, refiners set the price of gas by zones.

    http://www.aeinstein.org/organizations/org/FDTD.pdf From Dictatorship to Democracy, Guide to Non Violent Protests. Because your sig should include a link that will get it banned in China.

    by sdelear on Wed Apr 27, 2011 at 06:37:32 PM PDT

  •  ok, so what did they say that was not true? (1+ / 0-)
    Recommended by:
    Jon Says

    n/t

    •  In a word--Nothing (2+ / 0-)
      Recommended by:
      noladerf, Jon Says

      AspiringtobethepersonmydogthinksIam

      by FOYI on Wed Apr 27, 2011 at 07:17:11 PM PDT

      [ Parent ]

    •  You aren't supposed to notice that I guess (1+ / 0-)
      Recommended by:
      noladerf

      Exxon obviously didn't "blame" station owners. I despise front page posts like this that are concerned only with demagoguery and not facts.

      The fuel price political argument cannot be won over the long term by the blame game. We need to actually explain and persuade people why a policy of higher fuel prices is good for the environment and good for the developing alternative energy economy.

  •  Gas and oil... (2+ / 0-)
    Recommended by:
    noladerf, Odysseus

    ...aren't the samt thing, though they tend to correlate.

    Example: a big gasoline refinery explosion.  Gas prices go up, but oil prices go... Down.

    Anyway, there is no conspiracy here, but if there were, they'd be doing us a favor. The only thing that drives down usage of fossil fuels is high prices.

    (-5.50,-6.67): Left Libertarian
    Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

    by Sparhawk on Wed Apr 27, 2011 at 06:42:16 PM PDT

  •  I've seen a lot recently about (4+ / 0-)

    ending the oil subsidies and saving $4billion, but thought I had read earlier that the subsidies were $36 billion, so I looked it up.  It seems there has been a shift in the conversation that I hadn't noticed - as recently as the budget submitted by Obama last year, the idea was to end fossil fuel subsidies, which indeed are actually more than $36 billion.  From the link:

    This budget request, which was basically ignored by Congress, would have eliminated $36.5 billion in oil and gas subsidies and $2.3 billion in coal subsidies over the next 10 years.

    Somehow that has been scaled back to just cutting oil subsidies, which is where the $4 billion figure comes from.

    We need to keep pushing for cutting subsidies for all fossil fuels - coal, natural gas and oil.

  •  Hold that vote, NOW, Harry! (0+ / 0-)
  •  Hmmm, gas prices are high (0+ / 0-)

    And they are making amazing profits. I'm sure there's no connection. And besides, when is Obama going to provide his Boy Scout badges?

  •  BooHooHoo Exxon/Mobil.... (1+ / 0-)
    Recommended by:
    Vetwife

    Poor you....
    Yeah sure, we'll believe it's the little station owners who are to blame for these outrageous gas prices....just before we buy that bridge in Brooklyn.
    And by the way, try not to be smug when you post your disgustingly enormous quarter profits, it sorta ruins the 'poor little gas company' meme you're trying to make us believe
    Pure BS.

    I think, therefore I am........................... Plus ca change, plus c'est la meme chose AKA Engine Nighthawk - don't even ask!

    by Lilyvt on Wed Apr 27, 2011 at 07:22:58 PM PDT

    •  Agree (0+ / 0-)

      America has never had a gas crunch.  They didn't in the 70's two years ago and now.  It is BS.  These CEO's just need new yachts and new upgrades on their MCMansions and we are supposed to pay at the pump.
      They are sucking us dry at the pumps and pocketbooks and then laying the blame on the owners, you know the middle working class fellow or gal.  This country has plenty of oil, it is just greasing palms from our wallets.
      Makes me furious.  I had to sell two pieces of gold jewlery my husband gave me today for gas money to pick up my daughter from Kindergarten,  I don't want to hear their lying poor mouthing.

      We the People have to make a difference and the Change.....Just do it !

      by Vetwife on Wed Apr 27, 2011 at 08:04:41 PM PDT

      [ Parent ]

  •  Poor, innocent, misunderstood ExxonMobile. (0+ / 0-)

    They don't set the prices, but they pay the lobbyists who shill for the policies that create an environment in which prices go up.  Puppetmastermotherfuckers.

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