Palin refuses to push Exxon to pay the government for the unanticipated environmental injuries from the disastrous 1989 Exxon Valdez oil spill.
Almost 20 years later, the private case is still unresolved and the governments likewise have yet to collect full payment from Exxon. Shortly before Palin took office in 2006, the governments presented Exxon with a demand to pay $92 million for this additional environmental damage, but her administration has since not pressed the issue nor taken Exxon to court to collect the money.
Meanwhile, Exxon reaps record profits from Alaska.Why hasn't Palin allowed Exxon to pay for the horrendous Valdez oil spill in Alaska?
She doesn't care about the environment or endangered animals. She's also in bed with the big oil companies.Why hasn't Palin allowed Exxon to pay for the horrendous Valdez oil spill in Alaska?
Anna - you are a total idiot.
I live in Alaska. An Alaska jury found Exxon liable and defined a fine and penalty.
The reason Exxon has not paid - Exxon has spent the last 20 years on appeal.
How you can tie Palin to an issue that came up 20 years ago just totally defies logic. People like you should receive a life time ban from Yahoo Answers for asking totally hay wire questions. You should be ashamed of yourself.
Please start getting your informaiton for a reliable source.
Because you can put lipstick on a pig, but a hog is just that, a hog.
And this is Palins fault.....how? The courts just (this summer) ordered Exxon to pay out the survivors. Palin is not responsible for their court case or Exxon.
I think the best way to handle Palin is ignore her and let the bimbo hang herself.
There is good reson they keep her off news interviews.
in alaska they use dogsleds so they dont need exxons just purina.
20 years, and it's her fault. Digging, a bit?
Friday, December 18, 2009
When is Exxon is expected to pay the fishermen for the Alaska oil spill?
My family owns a commercial salmon fishing business and has been waiting for Exxon to come through. We need an update as far as when Exxon will pay.When is Exxon is expected to pay the fishermen for the Alaska oil spill?
It's going to be a while. On May 23, 2007, the Ninth U.S. Circuit Court of Appeals denied Exxon Mobil Corp.'s request for another hearing, letting stand its ruling that Exxon owes $2.5 billion in punitive damages. Exxon's only further option for appeal is the U.S. Supreme Court. Exxon has said it will make this final appeal.When is Exxon is expected to pay the fishermen for the Alaska oil spill?
Exxon is using the delay tactic. They plan to wait until all the principals die. They know that any payment, by law, can only go to the folks who were directly affected by the oil spill. It cannot go to their children or estate after they die.
It's going to be a while. On May 23, 2007, the Ninth U.S. Circuit Court of Appeals denied Exxon Mobil Corp.'s request for another hearing, letting stand its ruling that Exxon owes $2.5 billion in punitive damages. Exxon's only further option for appeal is the U.S. Supreme Court. Exxon has said it will make this final appeal.When is Exxon is expected to pay the fishermen for the Alaska oil spill?
Exxon is using the delay tactic. They plan to wait until all the principals die. They know that any payment, by law, can only go to the folks who were directly affected by the oil spill. It cannot go to their children or estate after they die.
What was the effects of the Exxon Veldez oil spill??
please add bibliography/references since this is a school projectWhat was the effects of the Exxon Veldez oil spill??
Mainly harmful chemicals in the environment, which will hinder life for decades.
Mainly harmful chemicals in the environment, which will hinder life for decades.
How do I get shares in an oil company? Exxon mobil to be precise...?
how do I get shares in an oil company? exxon mobil to be precise...How do I get shares in an oil company? Exxon mobil to be precise...?
Exxon Mobil has a ';Direct Stock Purchase Plan';.
You can call 1-800-252-1800 or use www.computershare.com/exxonmobil for more information.How do I get shares in an oil company? Exxon mobil to be precise...?
You open a brokerage account at Scottrade or some similar site and you buy them.
all it takes is money . there are brokerage houses all over . ask at you bank .
Hire a broker.
Sign up for an account at an online broker like Etrade or buy and hold.
Then you just buy what you want.
Buy stock - Sharebuilder.com is cheapest.
Call a broker, or online service and buy them.
Stock ticker is XON now at $70.12
Exxon Mobil has a ';Direct Stock Purchase Plan';.
You can call 1-800-252-1800 or use www.computershare.com/exxonmobil for more information.How do I get shares in an oil company? Exxon mobil to be precise...?
You open a brokerage account at Scottrade or some similar site and you buy them.
all it takes is money . there are brokerage houses all over . ask at you bank .
Hire a broker.
Sign up for an account at an online broker like Etrade or buy and hold.
Then you just buy what you want.
Buy stock - Sharebuilder.com is cheapest.
Call a broker, or online service and buy them.
Stock ticker is XON now at $70.12
If it weren't for Halliburton, Exxon, and other oil companies how would you get to work?
And how would our kids get to school? And how would our groceries get to the stores so we can buy them? ETC ETC..... I guess my real question is why are people mad at the oil companies? They are providing a service that we can't live without.If it weren't for Halliburton, Exxon, and other oil companies how would you get to work?
I've got a minivan sitting out in the driveway thats mine and paid for. I need to travel 10 miles this eveing to see my father who is hospitalized. I can either pay Exxon $3.00 and get there and back home this evening with sufficient quality time with my kids still available, or I can walk there and back like some of these morons advocate, or even wait for a commercial bus service to do the same thing for a lot more than $3.00, but in the latter two cases its an overnight trip and I miss work tomorrow morning.
After giving this many many nanoseconds of contemplation, I have elected to give Exxon their $3.00. I just hope all of those ';no blood for oil'; hippies whose retirement funds are invested in Exxon and Halliburton stock can sleep as soundly tonight as I will.If it weren't for Halliburton, Exxon, and other oil companies how would you get to work?
Now I know not to answer loaded questions...If the questioner is so obviously bent on a back-patting answer, then they'll obviously choose the softest parrot as the best answer. Thanks for the education on how Yahoo! Answers can be used as a blog instead of for educational inquiry. Report Abuse
In electric cars. It is only portrayed that we don't have any options, when, in fact, the alternate solutions are available. The EV1 could drive 75-to-150 miles ( on average roughly 110 miles.) per charge with Gen 2 Avionic nickel-metal hydride batteries. Fully loaded these batteries would contain 26.4 kWh of energy. If I use a kWh price of 13 cents/kWh I calculate that the EV1 would use: 13*26.4= 343.2 cents ---%26gt;3,43$ for 110 miles. This is 3.12 cents/mile.
Based on the average fuel consumption of American cars, which is 27.5 miles per gallon, and the price per gallon, which is 2.23$/gallon, it costs 8.92$ to drive an ordinary car 110 miles making the cost of the electric car to 37% the fuel cost of ordinary cars.
The batteries lasted longer then the cars themselves.
Also, the cars were never massproduced which ould have driven down the manufacturing costs significantly.
The Tesla Roadster currently have a fuel cost of 2 cents/mile
and emits 1/10 of the of the pollution. It takes about 3.5 hours to fully charge the batteries.
Why can't you see the real picture? People are not mad at the oil companies for providing services, they are mad because the companies are gouging the public. Oil prices were low before the elections and, even though the price of crude did not rise, the prices went up a dollar a gallon in June. The oil companies are making huge profits and getting tax breaks, does that seem right? The oil companies are making sure that the government does not vigorously pursue alternative energy. The oil companies are shutting down refineries in order to keep prices high. No one begrudges them profits but when they get greedy we all suffer.
You are right! None of use would live in the world we do without the fossil fuels that make the industrial engine hum.
I think much of the anger at big oil is because of the control they have over our lives and how oil market appears to conspire to siphon the dollars out of our pockets. Big oil seems to operate without morals and corrupts the morals of those that have it and those that need it.
And charging 3 priced for this service . Part of it is caused by the global warming hype. The hype is possible costing us a dollar a gal.
it's one thing to produce and supply oil. it's another thing to produce and supply oil and be extremely greedy about it.
it's not the oil companies per say It's the price gougers at the top! why is gas cheaper in the south then that of the northeast and in jersey along the turnpike you see nothing but fuel tanks as in the south they are limited.I didn't see a one.
And OPEC.
We'd be walking, taking bicycles and waiting for someone to develop an alternative vehicle that can be mass produced at a price people can afford.
People seem to go crazy about oil prices at $3 a gallon (128 ounces), yet spend more than $3 on a 16 oz. beer, $8 for a small glass of wine that holds less than 8 oz. and $1 and up for bottled water that isn't significantly different from what you can get almost for free by running the faucet.
And no one seems to mind spending $100 and more a month to get cable television when you can get HDTV for free over the airwaves and record it on your computer to watch at your leisure. Or pay $9 per person to see a movie (plus the $4 soft drink and $4 hot dog) which can be rented for $4.
Don't expect logic here. People are not rational when it comes to energy prices.
I work at home. My wife carpools, so she pays half to Exxon et al. of what she would otherwise pay. I personally want energy prices to go up, but our bills to go down, because of efficiency.
If you provide a service to society, you can do it nicely, or you can do it hurtfully. Is it possible that greed yields the latter sometimes, especially when hundreds of billions are at stake? The oil companies/investors/speculators should raise prices more consistently, not gouge at every war/crisis then drop. If society depends on gasoline, like it depends on roads, then shouldn't the level of privatization be the same for both? Roads are almost fully public, where gasoline is almost fully private. Doesn't make sense to me.
Another user answered that they are going to see their ill relative tonight, so they don't mind paying for gasoline. Dollars to donuts that they also use their 1500kg car to go grab a 0.15kg hamburger or drop off a 0.023kg letter, but they wanted to use an extreme example to justify all their mundane use. I've done it (using a massive car just to mail a few letters) myself, and am trying, partially successfully, to mend my ways.
Exxonites often invoke ambulances as examples, saying that if we didn't have gasoline, we wouldn't have quick ambulances. Another case of extreme example to justify mundane use. So much fuel is used to go to a mall to look at an iPod that one isn't even going to buy.
The person on a bike isn't just an eco-hippie. They're also in better shape than us. They're taking up less space. They find parking quite easily. They pay fifty dollars a year for maintenance. They don't have to pay to run on a treadmill going nowhere. They get to listen to birds. They don't have to go on a diet. Sometimes their job gives them an incentive like indoor bike parking, use of the company showers, and free taxi rides during storms.
I think it is general scapegoating for coming to the realization that we are so dependent on oil for those reasons you mentioned and how much policies and events can effect production and prices of that in which we are dependent.
It is easy to say current policies and events don't affect you -- until it hits your wallet. I think some are channeling anger towards other policies and events toward oil companies. My husband often complains that since we invaded Iraq we should have taken over the oil fields and should be paying $.50/gallon for gas. I argue that even if we controlled that oil production it still wouldn't immediately bring down the price, it is all about supply and demand.
People are aggravated at the pump as they see the price go up and up and they know they have to pay for it. It hits them in their wallet. People don't think about all the other ways that gas is consumed like you mentioned. We use it for school buses, shipping, running tractors on farms, flying for business or vacation, mowing the lawn... it goes on and on. More and more countries are using oil for those exact same things driving up the demand which drives up prices.
It is easier to grumble and point fingers instead of actually studying an issue and becoming involved.
We can live without it,,how did our grandparents live without it?And their parents?
And u ask how to get groceries,,get to school,,to work??
My mother and us,(her kids) WALKED!!!! to get to school and food,and work etc..
W.T.F are u smoking?--Maybe ur were born after walking was banned in the united states,,they past that law,,what last week,,
We are fed up with high prices and lies our goverment and oils companys are telling us.
One day when u realize that the fish in ur water u cant eat cause of pollution from acid rain thats caused by burning fossil fuels,,and other man made crap that YES,we have safer alternatives,,but they will lose trillions of $$$ if we go to another source,,in the state of S.C. and Georgia,,the lakes and streams are toxic from drain offs and acid rains,,it was said to be unsafe to eat any animals such as fish that comes from the waters here.
Sooo,I cant take my kids fishing and let them eat the fish they caught,cause our states claim its unsafe to do so.
halliburton and exxon,,has bush and our v/p in their pockets,,giving them millions of $ worth of stocks,,how fair is that?Where the F is our share?
I bet u cant remember living without a remote control either!!!
Buy a bike,,u need to get out more!!!!!!!
cause we are paying more for oil products than any other country!They claim its because we buy it overseas,,but we export millions of barrels of our oil over seas,,WTF?Bush and our v/p has tremendous amout of friends and stocks in oil and halliburton,,and halliburton makes more money durning war times than peace times,,,why r we still at war?Go bush!!(sorry s.o.b.)
Remember when the oil companys stated a few weeks ago,they only make 8 cents on a gal?Their last quarters earnings turned billions of dollars profits when they jacked prices up, stating we were short cause of storms,katernia,etc,,and even congress began questioning them???Because they lied to the american people,,remember the price gouging??state governers began capping the companies!!Oil companys claimed to loose so much money but had a better turn out year than theyve EVER had!!!Bush and his father owns oils wells,,and guess how it makes money,,,screwin us!!
my barbie jeep! it goes voom!everyday eyeshadow
I've got a minivan sitting out in the driveway thats mine and paid for. I need to travel 10 miles this eveing to see my father who is hospitalized. I can either pay Exxon $3.00 and get there and back home this evening with sufficient quality time with my kids still available, or I can walk there and back like some of these morons advocate, or even wait for a commercial bus service to do the same thing for a lot more than $3.00, but in the latter two cases its an overnight trip and I miss work tomorrow morning.
After giving this many many nanoseconds of contemplation, I have elected to give Exxon their $3.00. I just hope all of those ';no blood for oil'; hippies whose retirement funds are invested in Exxon and Halliburton stock can sleep as soundly tonight as I will.If it weren't for Halliburton, Exxon, and other oil companies how would you get to work?
Now I know not to answer loaded questions...If the questioner is so obviously bent on a back-patting answer, then they'll obviously choose the softest parrot as the best answer. Thanks for the education on how Yahoo! Answers can be used as a blog instead of for educational inquiry. Report Abuse
In electric cars. It is only portrayed that we don't have any options, when, in fact, the alternate solutions are available. The EV1 could drive 75-to-150 miles ( on average roughly 110 miles.) per charge with Gen 2 Avionic nickel-metal hydride batteries. Fully loaded these batteries would contain 26.4 kWh of energy. If I use a kWh price of 13 cents/kWh I calculate that the EV1 would use: 13*26.4= 343.2 cents ---%26gt;3,43$ for 110 miles. This is 3.12 cents/mile.
Based on the average fuel consumption of American cars, which is 27.5 miles per gallon, and the price per gallon, which is 2.23$/gallon, it costs 8.92$ to drive an ordinary car 110 miles making the cost of the electric car to 37% the fuel cost of ordinary cars.
The batteries lasted longer then the cars themselves.
Also, the cars were never massproduced which ould have driven down the manufacturing costs significantly.
The Tesla Roadster currently have a fuel cost of 2 cents/mile
and emits 1/10 of the of the pollution. It takes about 3.5 hours to fully charge the batteries.
Why can't you see the real picture? People are not mad at the oil companies for providing services, they are mad because the companies are gouging the public. Oil prices were low before the elections and, even though the price of crude did not rise, the prices went up a dollar a gallon in June. The oil companies are making huge profits and getting tax breaks, does that seem right? The oil companies are making sure that the government does not vigorously pursue alternative energy. The oil companies are shutting down refineries in order to keep prices high. No one begrudges them profits but when they get greedy we all suffer.
You are right! None of use would live in the world we do without the fossil fuels that make the industrial engine hum.
I think much of the anger at big oil is because of the control they have over our lives and how oil market appears to conspire to siphon the dollars out of our pockets. Big oil seems to operate without morals and corrupts the morals of those that have it and those that need it.
And charging 3 priced for this service . Part of it is caused by the global warming hype. The hype is possible costing us a dollar a gal.
it's one thing to produce and supply oil. it's another thing to produce and supply oil and be extremely greedy about it.
it's not the oil companies per say It's the price gougers at the top! why is gas cheaper in the south then that of the northeast and in jersey along the turnpike you see nothing but fuel tanks as in the south they are limited.I didn't see a one.
And OPEC.
We'd be walking, taking bicycles and waiting for someone to develop an alternative vehicle that can be mass produced at a price people can afford.
People seem to go crazy about oil prices at $3 a gallon (128 ounces), yet spend more than $3 on a 16 oz. beer, $8 for a small glass of wine that holds less than 8 oz. and $1 and up for bottled water that isn't significantly different from what you can get almost for free by running the faucet.
And no one seems to mind spending $100 and more a month to get cable television when you can get HDTV for free over the airwaves and record it on your computer to watch at your leisure. Or pay $9 per person to see a movie (plus the $4 soft drink and $4 hot dog) which can be rented for $4.
Don't expect logic here. People are not rational when it comes to energy prices.
I work at home. My wife carpools, so she pays half to Exxon et al. of what she would otherwise pay. I personally want energy prices to go up, but our bills to go down, because of efficiency.
If you provide a service to society, you can do it nicely, or you can do it hurtfully. Is it possible that greed yields the latter sometimes, especially when hundreds of billions are at stake? The oil companies/investors/speculators should raise prices more consistently, not gouge at every war/crisis then drop. If society depends on gasoline, like it depends on roads, then shouldn't the level of privatization be the same for both? Roads are almost fully public, where gasoline is almost fully private. Doesn't make sense to me.
Another user answered that they are going to see their ill relative tonight, so they don't mind paying for gasoline. Dollars to donuts that they also use their 1500kg car to go grab a 0.15kg hamburger or drop off a 0.023kg letter, but they wanted to use an extreme example to justify all their mundane use. I've done it (using a massive car just to mail a few letters) myself, and am trying, partially successfully, to mend my ways.
Exxonites often invoke ambulances as examples, saying that if we didn't have gasoline, we wouldn't have quick ambulances. Another case of extreme example to justify mundane use. So much fuel is used to go to a mall to look at an iPod that one isn't even going to buy.
The person on a bike isn't just an eco-hippie. They're also in better shape than us. They're taking up less space. They find parking quite easily. They pay fifty dollars a year for maintenance. They don't have to pay to run on a treadmill going nowhere. They get to listen to birds. They don't have to go on a diet. Sometimes their job gives them an incentive like indoor bike parking, use of the company showers, and free taxi rides during storms.
I think it is general scapegoating for coming to the realization that we are so dependent on oil for those reasons you mentioned and how much policies and events can effect production and prices of that in which we are dependent.
It is easy to say current policies and events don't affect you -- until it hits your wallet. I think some are channeling anger towards other policies and events toward oil companies. My husband often complains that since we invaded Iraq we should have taken over the oil fields and should be paying $.50/gallon for gas. I argue that even if we controlled that oil production it still wouldn't immediately bring down the price, it is all about supply and demand.
People are aggravated at the pump as they see the price go up and up and they know they have to pay for it. It hits them in their wallet. People don't think about all the other ways that gas is consumed like you mentioned. We use it for school buses, shipping, running tractors on farms, flying for business or vacation, mowing the lawn... it goes on and on. More and more countries are using oil for those exact same things driving up the demand which drives up prices.
It is easier to grumble and point fingers instead of actually studying an issue and becoming involved.
We can live without it,,how did our grandparents live without it?And their parents?
And u ask how to get groceries,,get to school,,to work??
My mother and us,(her kids) WALKED!!!! to get to school and food,and work etc..
W.T.F are u smoking?--Maybe ur were born after walking was banned in the united states,,they past that law,,what last week,,
We are fed up with high prices and lies our goverment and oils companys are telling us.
One day when u realize that the fish in ur water u cant eat cause of pollution from acid rain thats caused by burning fossil fuels,,and other man made crap that YES,we have safer alternatives,,but they will lose trillions of $$$ if we go to another source,,in the state of S.C. and Georgia,,the lakes and streams are toxic from drain offs and acid rains,,it was said to be unsafe to eat any animals such as fish that comes from the waters here.
Sooo,I cant take my kids fishing and let them eat the fish they caught,cause our states claim its unsafe to do so.
halliburton and exxon,,has bush and our v/p in their pockets,,giving them millions of $ worth of stocks,,how fair is that?Where the F is our share?
I bet u cant remember living without a remote control either!!!
Buy a bike,,u need to get out more!!!!!!!
cause we are paying more for oil products than any other country!They claim its because we buy it overseas,,but we export millions of barrels of our oil over seas,,WTF?Bush and our v/p has tremendous amout of friends and stocks in oil and halliburton,,and halliburton makes more money durning war times than peace times,,,why r we still at war?Go bush!!(sorry s.o.b.)
Remember when the oil companys stated a few weeks ago,they only make 8 cents on a gal?Their last quarters earnings turned billions of dollars profits when they jacked prices up, stating we were short cause of storms,katernia,etc,,and even congress began questioning them???Because they lied to the american people,,remember the price gouging??state governers began capping the companies!!Oil companys claimed to loose so much money but had a better turn out year than theyve EVER had!!!Bush and his father owns oils wells,,and guess how it makes money,,,screwin us!!
my barbie jeep! it goes voom!
Did the Exxon Valdez oil spill happen in freshwater?
I need to know for a project :)Did the Exxon Valdez oil spill happen in freshwater?
no, it was in the pacific ocean.
no, it was in the pacific ocean.
How can I get a job with Exxon Mobile, Saudi Aramco, Shell Oil or BP?
I want to work for one of these big oil companies, but all I have is a BA in philosophy and no work experience.How can I get a job with Exxon Mobile, Saudi Aramco, Shell Oil or BP?
I worked for Exxon a long time ago and it was a great company to work for. The benefits were fantastic and the pay was higher that other employers in the area. I applied for a job there twice and never heard anything. Then I met someone who was a supervisor there. He gave me an application that was to be forwarded to a designated manager. I had the job within a week. Nepotism helped.
Go in and complete an application and attach your resume. You never know what will happen.How can I get a job with Exxon Mobile, Saudi Aramco, Shell Oil or BP?
WHAT CAN YOU DO WITH A BA IN PHILOSOPHY? THERE HAD TO BE A REASON YOU WENT TO COLLEGE FOR THAT.....AN OIL COMPANY?
Most jobs with these companies require technical or accounting degrees. You may want to contact the human resources departments at each company and ask about openings they may have. Good luck.
Learn to type 50 wpm or better. At least you can get in as a secretary. Large corporations like that do have benefits. But be warned; it will take you several years to climb up until you are well-paid. You are competing against secretaries who are already in the field so you will have to start in an entry-level position as a clerk.
I worked for Exxon a long time ago and it was a great company to work for. The benefits were fantastic and the pay was higher that other employers in the area. I applied for a job there twice and never heard anything. Then I met someone who was a supervisor there. He gave me an application that was to be forwarded to a designated manager. I had the job within a week. Nepotism helped.
Go in and complete an application and attach your resume. You never know what will happen.How can I get a job with Exxon Mobile, Saudi Aramco, Shell Oil or BP?
WHAT CAN YOU DO WITH A BA IN PHILOSOPHY? THERE HAD TO BE A REASON YOU WENT TO COLLEGE FOR THAT.....AN OIL COMPANY?
Most jobs with these companies require technical or accounting degrees. You may want to contact the human resources departments at each company and ask about openings they may have. Good luck.
Learn to type 50 wpm or better. At least you can get in as a secretary. Large corporations like that do have benefits. But be warned; it will take you several years to climb up until you are well-paid. You are competing against secretaries who are already in the field so you will have to start in an entry-level position as a clerk.
Is there a direct correlation between oil prices and Exxon mobil stock?
I mean it seems everytime there is a huge jump in oil prices (xom) or Exxon follows it exactly. Is it better than following a oil index?
Thank YouIs there a direct correlation between oil prices and Exxon mobil stock?
The correlation is probably fairly high, but not perfect. Naturally, the oil index has a higher correlation to oil than Exxon, so you should follow the index.
Thank YouIs there a direct correlation between oil prices and Exxon mobil stock?
The correlation is probably fairly high, but not perfect. Naturally, the oil index has a higher correlation to oil than Exxon, so you should follow the index.
Should Exxon and other big oil company profits be used to finance the Iraqi war?
Should the U.S. public continue to be taxed and then charged at the gas pump, with record oil profits...?
Would the war would be as popular, if they didnt get ';free access'; to ';their'; oil?Should Exxon and other big oil company profits be used to finance the Iraqi war?
smedley butler proposed a 10% cap of profits for corporations over peace time from war time, and that the ceo's of companies be paid the same as the privets fighting the war
the ceo's passion for peace would suddenly become overwhelming , if they had to live on 1200 dollars a monthShould Exxon and other big oil company profits be used to finance the Iraqi war?
. . . you mean instead of the Iraq War financing Exxon and other big oil companies?!
it's pretty much established that we chose iraq because of its oil. it had no connection to al qaeda until we placed our entire army there, and all government/CIA reports have been quietly disproved.
anyone who disagrees is with the terrorists.
Would the war would be as popular, if they didnt get ';free access'; to ';their'; oil?Should Exxon and other big oil company profits be used to finance the Iraqi war?
smedley butler proposed a 10% cap of profits for corporations over peace time from war time, and that the ceo's of companies be paid the same as the privets fighting the war
the ceo's passion for peace would suddenly become overwhelming , if they had to live on 1200 dollars a monthShould Exxon and other big oil company profits be used to finance the Iraqi war?
. . . you mean instead of the Iraq War financing Exxon and other big oil companies?!
it's pretty much established that we chose iraq because of its oil. it had no connection to al qaeda until we placed our entire army there, and all government/CIA reports have been quietly disproved.
anyone who disagrees is with the terrorists.
How long did it take to clean up the exxon oil spill and what was the cost?
I'm guess around $2 billioneveryday eyeshadow
How much of our oil comes from the oil wells owned by Chevron, Shell, Exxon, ect....???
These oil companies are not paying $135 a barrel. I think it cost them 98 cents to drill, refine and transport one gallon of gas. The other $3.50 per gallon is pure profit. Less 5 cents for re-election accounts.How much of our oil comes from the oil wells owned by Chevron, Shell, Exxon, ect....???
2% of our oil and gas comes from major domestic producers. The government makes twice the profit the our oil companies make.
Between 1977 and 2004, the industry鈥檚 domestic profits totaled $643 billion, after adjusting for inflation.
Since 1977, governments collected more than $1.34 trillion, after adjusting for inflation, in gasoline tax revenues鈥攎ore than twice the amount of domestic profits earned by major U.S. (Shell is not a US company) oil companies during the same period.';
In 2004 the cost of drilling for crude oil per foot was $298.45, I'm sure it's higher now with inflation. The cost of dry wells was $327.91, not every well produces, it's hit and miss. The average depth of crude wells is 6006 feet. That is almost 2 million per well.The cost to explore for and develop oil fields in 2006 was $63.71/barrel for U.S. offshore.
Do you think Canada or OPEC gives them a big discount? You do know we import over 60% of the oil used here in the US, most comes from Canada.
My husband drives a nitrogen truck for an oil services company and there is alot more to it than you can imagine. These people work their tails off so we can have a decent life using the energy they produce.
Congress is not allowed to take money from oil companies, that has been a law since the break-up of Standard Oil. They have to divest themselves before taking office and yeas Bush and Cheney did divest of oil profits. Mr. and Mrs. Cheney gave 78% of their 2005 income to charity. The couple donated $6.9 million, including the proceeds from stock options and book royalties that Mrs. Cheney routinely gives away. Their giving went to three nonprofit causes in health, higher education and services for inner-city youth.How much of our oil comes from the oil wells owned by Chevron, Shell, Exxon, ect....???
';They'; are the investors that are making the profit and that is most anybody with a retirement plan, pension fund or mutual fund. Most of what the company keeps goes back into R %26amp; D. Report Abuse
2% of our oil and gas comes from major domestic producers. The government makes twice the profit the our oil companies make.
Between 1977 and 2004, the industry鈥檚 domestic profits totaled $643 billion, after adjusting for inflation.
Since 1977, governments collected more than $1.34 trillion, after adjusting for inflation, in gasoline tax revenues鈥攎ore than twice the amount of domestic profits earned by major U.S. (Shell is not a US company) oil companies during the same period.';
In 2004 the cost of drilling for crude oil per foot was $298.45, I'm sure it's higher now with inflation. The cost of dry wells was $327.91, not every well produces, it's hit and miss. The average depth of crude wells is 6006 feet. That is almost 2 million per well.The cost to explore for and develop oil fields in 2006 was $63.71/barrel for U.S. offshore.
Do you think Canada or OPEC gives them a big discount? You do know we import over 60% of the oil used here in the US, most comes from Canada.
My husband drives a nitrogen truck for an oil services company and there is alot more to it than you can imagine. These people work their tails off so we can have a decent life using the energy they produce.
Congress is not allowed to take money from oil companies, that has been a law since the break-up of Standard Oil. They have to divest themselves before taking office and yeas Bush and Cheney did divest of oil profits. Mr. and Mrs. Cheney gave 78% of their 2005 income to charity. The couple donated $6.9 million, including the proceeds from stock options and book royalties that Mrs. Cheney routinely gives away. Their giving went to three nonprofit causes in health, higher education and services for inner-city youth.How much of our oil comes from the oil wells owned by Chevron, Shell, Exxon, ect....???
';They'; are the investors that are making the profit and that is most anybody with a retirement plan, pension fund or mutual fund. Most of what the company keeps goes back into R %26amp; D. Report Abuse
Is Exxon Mobil the largest oil company in the world?
i was informed that it is. is that true?Is Exxon Mobil the largest oil company in the world?
Exxon is the largest publicly-traded oil company in the world, by revenues. I'm not sure if it is the largest oil company of any kind, because ARAMCO (the Saudi Arabian national oil company), PDVSA (Venezuela) and PEMEX (Mexico) are all owned by the government and do not disclose a lot of financial information.
Here are the top 16, according to Reuters. Revenues in $millions.
Profits are a lot less than revenues, due to the significant costs involved with finding, extracting, transporting, refining and selling the oil and related products.
1. XOM ExxonMobil Corporation 388,075.00
2. RDS.A Royal Dutch Shell plc 311,022.00
3. BP BP plc 272,355.00
4. CVX Chevron Corporation 216,410.00
5. COP ConocoPhillips 198,235.00
6. TOT TOTAL S.A. 175,863.53
7. SNP China Petroleum %26amp; Chemical Corp. 119,678.13
8. E Eni S.p.A. 95,411.60
9. PTR PetroChina Company Limited 79,081.38
10. PBR Petroleo Brasileiro S.A. 65,417.00
11. HES Hess Corp. 27,483.00
12. IMO Imperial Oil Limited (USA) 25,020.13
13. PCZ Petro-Canada (USA) 16,534.23
14. SU Suncor Energy Inc. (USA) 13,040.72
15. PZE Petrobras Energia Participaciones SA 3,675.61
16. CLMT Calumet Specialty Products Partners, L.P 1,585.58Is Exxon Mobil the largest oil company in the world?
im not sure but thats what my parents say.
Yes, they are. It is because of them, we pay so much for gas. They say if everyone tries to not buy their gas, all the other gas companies will lower their gas prices. Since Exxon and Mobil are also the most well-knowned gas companies, lots of people but their gasoline. If everyone does buy their gas, gas prices will continue to grow. It's been lowered a little now but it would be better if they would go back to before evern though it was still kind of pricey.
Exxon is the largest publicly-traded oil company in the world, by revenues. I'm not sure if it is the largest oil company of any kind, because ARAMCO (the Saudi Arabian national oil company), PDVSA (Venezuela) and PEMEX (Mexico) are all owned by the government and do not disclose a lot of financial information.
Here are the top 16, according to Reuters. Revenues in $millions.
Profits are a lot less than revenues, due to the significant costs involved with finding, extracting, transporting, refining and selling the oil and related products.
1. XOM ExxonMobil Corporation 388,075.00
2. RDS.A Royal Dutch Shell plc 311,022.00
3. BP BP plc 272,355.00
4. CVX Chevron Corporation 216,410.00
5. COP ConocoPhillips 198,235.00
6. TOT TOTAL S.A. 175,863.53
7. SNP China Petroleum %26amp; Chemical Corp. 119,678.13
8. E Eni S.p.A. 95,411.60
9. PTR PetroChina Company Limited 79,081.38
10. PBR Petroleo Brasileiro S.A. 65,417.00
11. HES Hess Corp. 27,483.00
12. IMO Imperial Oil Limited (USA) 25,020.13
13. PCZ Petro-Canada (USA) 16,534.23
14. SU Suncor Energy Inc. (USA) 13,040.72
15. PZE Petrobras Energia Participaciones SA 3,675.61
16. CLMT Calumet Specialty Products Partners, L.P 1,585.58Is Exxon Mobil the largest oil company in the world?
im not sure but thats what my parents say.
Yes, they are. It is because of them, we pay so much for gas. They say if everyone tries to not buy their gas, all the other gas companies will lower their gas prices. Since Exxon and Mobil are also the most well-knowned gas companies, lots of people but their gasoline. If everyone does buy their gas, gas prices will continue to grow. It's been lowered a little now but it would be better if they would go back to before evern though it was still kind of pricey.
How much profit do oil company's like Exxon make off of a barrel of oil?
A lot less than all the governments with their taxes. If we could stop government corruption , we would have low prices again. I`m talking about both parties.How much profit do oil company's like Exxon make off of a barrel of oil?
There's not a simple answer to this question. Exxon and other oil companies do not just make money from selling oil, but also from refining it and marketing refined product. Keep in mind that much of the gas they sell comes from oil purchased from others. That includes other oil companies, Canada, Venezuela, Saudi Arabia and others. They don't make any money from that oil, but only from their sale of refined product. From the unrefined oil they do control, the profit varies from where it comes from. Some older oil wells they own they can probably pull it out of the ground for $20-$30 a barrel. Also how do you figure out this? They search for oil in many places. Let's say it costs them $3 billion to search in 100 places for oil. They find oil in 3. Each spot they searched cost $30 million to explore. Assuming they don't have to pay royalties (a bad assumption) each ';find'; costs them $30 million and lets say each find'; has $1.5 billion of oil in it. Well the oil they pump out of those three finds costs a lot less than what they get for it, but they get nothing for those other 97 dry holes. How do you figure out that? Better to look at their gross margins. Gross profit divided by gross revenues. In ';bad'; times (when oil was at $20 a barrel, their margins are probably around 2-3%. In ';good'; times it may be as high as 8-9%. Compared to Microsoft which has gross margins in the 25-30% range. This probably doesn't answer your question, but should shed a little light on the issue.How much profit do oil company's like Exxon make off of a barrel of oil?
1970s one barrel costed about 2 dollars
nowadays one barrel costs 130 dollars
but with the price race the stocks for oil raise too....i don't know the answer to your question
They make about half as much as the government makes in taxing it.
a million dollars and the life of american soldiers :O
OHHH SNAAPSS!!!! I'M SO LIBERAL AND PREACHY!!
There's not a simple answer to this question. Exxon and other oil companies do not just make money from selling oil, but also from refining it and marketing refined product. Keep in mind that much of the gas they sell comes from oil purchased from others. That includes other oil companies, Canada, Venezuela, Saudi Arabia and others. They don't make any money from that oil, but only from their sale of refined product. From the unrefined oil they do control, the profit varies from where it comes from. Some older oil wells they own they can probably pull it out of the ground for $20-$30 a barrel. Also how do you figure out this? They search for oil in many places. Let's say it costs them $3 billion to search in 100 places for oil. They find oil in 3. Each spot they searched cost $30 million to explore. Assuming they don't have to pay royalties (a bad assumption) each ';find'; costs them $30 million and lets say each find'; has $1.5 billion of oil in it. Well the oil they pump out of those three finds costs a lot less than what they get for it, but they get nothing for those other 97 dry holes. How do you figure out that? Better to look at their gross margins. Gross profit divided by gross revenues. In ';bad'; times (when oil was at $20 a barrel, their margins are probably around 2-3%. In ';good'; times it may be as high as 8-9%. Compared to Microsoft which has gross margins in the 25-30% range. This probably doesn't answer your question, but should shed a little light on the issue.How much profit do oil company's like Exxon make off of a barrel of oil?
1970s one barrel costed about 2 dollars
nowadays one barrel costs 130 dollars
but with the price race the stocks for oil raise too....i don't know the answer to your question
They make about half as much as the government makes in taxing it.
a million dollars and the life of american soldiers :O
OHHH SNAAPSS!!!! I'M SO LIBERAL AND PREACHY!!
Why did Exxon reap record oil profits after the invasion of Iraq?
because everyone is still driving, thus, everyone is still buying gas, thus, there is still a demand for oil. it's quite simple, really.Why did Exxon reap record oil profits after the invasion of Iraq?
Wartime ALWAYS brings productivity and increase to a country in several ways...even it is appears to have cost a lot also. The percentage of profits were no higher during the war than beforehand. It was simply that a lot more oil was and is being used so the total dollars were higher.Why did Exxon reap record oil profits after the invasion of Iraq?
All oil companies have been making record profits year after year since the gas shortages of the seventies. Why is minimum wage higher now than ten years ago?
sweet deals made history and poverty for many of us fools !!!!!!
Why did Wal-Mart, Home Depot, and Lowes reap record profits after the invasion of Iraq?
The price of oil shot up, and a lot of Exxon's net worth is in inventory.
Because it's all about the oil.
because they sold petroleum products that consumers bought
economics
Because of greed. They are evil.
people used a lot of gas
Wartime ALWAYS brings productivity and increase to a country in several ways...even it is appears to have cost a lot also. The percentage of profits were no higher during the war than beforehand. It was simply that a lot more oil was and is being used so the total dollars were higher.Why did Exxon reap record oil profits after the invasion of Iraq?
All oil companies have been making record profits year after year since the gas shortages of the seventies. Why is minimum wage higher now than ten years ago?
sweet deals made history and poverty for many of us fools !!!!!!
Why did Wal-Mart, Home Depot, and Lowes reap record profits after the invasion of Iraq?
The price of oil shot up, and a lot of Exxon's net worth is in inventory.
Because it's all about the oil.
because they sold petroleum products that consumers bought
economics
Because of greed. They are evil.
people used a lot of gas
Does anyone know how much money ExxonMobil lost from the Exxon Valdez Oil spill?
PLEASE cite your sources!!!!!!!!!!!!!Does anyone know how much money ExxonMobil lost from the Exxon Valdez Oil spill?
In 1994, in the case of Baker v. Exxon, an Anchorage jury awarded $287 million for actual damages and $5 billion for punitive damages. The punitive damages amount was equal to a single year's profit by Exxon at that time.
Exxon appealed the ruling, and the 9th U.S. Circuit Court of Appeals ordered the original judge, Russel Holland, to reduce the punitive damages. On December 6, 2002, the judge announced that he had reduced the damages to $4 billion, which he concluded was justified by the facts of the case and was not grossly excessive. Exxon appealed again and the case returned to court to be considered in light of a recent Supreme Court ruling in a similar case, which caused Judge Holland to increase the punitive damages to $4.5 billion, plus interest.
After more appeals, and oral arguments heard by the 9th Circuit Court of Appeals on January 27, 2006, the damages award was cut to $2.5 billion on December 22, 2006. The court cited recent Supreme Court rulings relative to limits on punitive damages.
Exxon appealed again. On May 23, 2007, the 9th Circuit Court of Appeals denied ExxonMobil's request for a third hearing and let stand its ruling that Exxon owes $2.5 billion in punitive damages. Exxon then appealed to the Supreme Court, which agreed to hear the case.[15] On February 27, 2008, the Supreme Court heard oral arguments for 90 minutes. Justice Samuel Alito, who owns between $100,000 and $250,000 in Exxon stock, recused himself from the case.[16] In a decision issued June 25, 2008, Justice David Souter issued the judgment of the court, vacating the $2.5 billion award and remanding the case back to a lower court, finding that the damages were excessive with respect to maritime common law. Exxon's actions were deemed ';worse than negligent but less than malicious.';[17] The judgment limits punitive damages to the compensatory damages, which for this case were calculated as $507.5 million.[18] Some lawmakers, such as Senate Judiciary Committee Chairman Patrick J. Leahy, have decried the ruling as ';another in a line of cases where this Supreme Court has misconstrued congressional intent to benefit large corporations.';[19]
Exxon's official position is that punitive damages greater than $25 million are not justified because the spill resulted from an accident, and because Exxon spent an estimated $2 billion cleaning up the spill and a further $1 billion to settle related civil and criminal charges. Attorneys for the plaintiffs contended that Exxon bore responsibility for the accident because the company ';put a drunk in charge of a tanker in Prince William Sound.';[20]
Exxon recovered a significant portion of clean-up and legal expenses through insurance claims associated with the grounding of the Exxon Valdez.[21][22] Also, in 1991, Exxon made a quiet, separate financial settlement of damages with a group of seafood producers known as the Seattle Seven for the disaster's effect on the Alaskan seafood industry. The agreement granted $63.75 million to the Seattle Seven, but stipulated that the seafood companies would have to repay almost all of any punitive damages awarded in other civil proceedings. The $5 billion in punitive damages was awarded later, and the Seattle Seven's share could have been as high as $750 million if the damages award had held. Other plaintiffs have objected to this secret arrangement,[23] and when it came to light, Judge Holland ruled that Exxon should have told the jury at the start that an agreement had already been made, so the jury would know exactly how much Exxon would have to pay.[24]
In October 2008, Exxon Mobil鈥檚 results got a boost of $1.62 billion in the most-recent quarter from the sale of a natural gas transportation business in Germany. It also took a special, after-tax charge of $170 million for a punitive damages award related to the oil spill.
Does anyone know how much money ExxonMobil lost from the Exxon Valdez Oil spill?
Todd c
Is absolutely right he gives us all the INFO. and all the court crap but the bottom line is EXXON has never paid a penny outside of their insured liabilities.
In 1994, in the case of Baker v. Exxon, an Anchorage jury awarded $287 million for actual damages and $5 billion for punitive damages. The punitive damages amount was equal to a single year's profit by Exxon at that time.
Exxon appealed the ruling, and the 9th U.S. Circuit Court of Appeals ordered the original judge, Russel Holland, to reduce the punitive damages. On December 6, 2002, the judge announced that he had reduced the damages to $4 billion, which he concluded was justified by the facts of the case and was not grossly excessive. Exxon appealed again and the case returned to court to be considered in light of a recent Supreme Court ruling in a similar case, which caused Judge Holland to increase the punitive damages to $4.5 billion, plus interest.
After more appeals, and oral arguments heard by the 9th Circuit Court of Appeals on January 27, 2006, the damages award was cut to $2.5 billion on December 22, 2006. The court cited recent Supreme Court rulings relative to limits on punitive damages.
Exxon appealed again. On May 23, 2007, the 9th Circuit Court of Appeals denied ExxonMobil's request for a third hearing and let stand its ruling that Exxon owes $2.5 billion in punitive damages. Exxon then appealed to the Supreme Court, which agreed to hear the case.[15] On February 27, 2008, the Supreme Court heard oral arguments for 90 minutes. Justice Samuel Alito, who owns between $100,000 and $250,000 in Exxon stock, recused himself from the case.[16] In a decision issued June 25, 2008, Justice David Souter issued the judgment of the court, vacating the $2.5 billion award and remanding the case back to a lower court, finding that the damages were excessive with respect to maritime common law. Exxon's actions were deemed ';worse than negligent but less than malicious.';[17] The judgment limits punitive damages to the compensatory damages, which for this case were calculated as $507.5 million.[18] Some lawmakers, such as Senate Judiciary Committee Chairman Patrick J. Leahy, have decried the ruling as ';another in a line of cases where this Supreme Court has misconstrued congressional intent to benefit large corporations.';[19]
Exxon's official position is that punitive damages greater than $25 million are not justified because the spill resulted from an accident, and because Exxon spent an estimated $2 billion cleaning up the spill and a further $1 billion to settle related civil and criminal charges. Attorneys for the plaintiffs contended that Exxon bore responsibility for the accident because the company ';put a drunk in charge of a tanker in Prince William Sound.';[20]
Exxon recovered a significant portion of clean-up and legal expenses through insurance claims associated with the grounding of the Exxon Valdez.[21][22] Also, in 1991, Exxon made a quiet, separate financial settlement of damages with a group of seafood producers known as the Seattle Seven for the disaster's effect on the Alaskan seafood industry. The agreement granted $63.75 million to the Seattle Seven, but stipulated that the seafood companies would have to repay almost all of any punitive damages awarded in other civil proceedings. The $5 billion in punitive damages was awarded later, and the Seattle Seven's share could have been as high as $750 million if the damages award had held. Other plaintiffs have objected to this secret arrangement,[23] and when it came to light, Judge Holland ruled that Exxon should have told the jury at the start that an agreement had already been made, so the jury would know exactly how much Exxon would have to pay.[24]
In October 2008, Exxon Mobil鈥檚 results got a boost of $1.62 billion in the most-recent quarter from the sale of a natural gas transportation business in Germany. It also took a special, after-tax charge of $170 million for a punitive damages award related to the oil spill.
Does anyone know how much money ExxonMobil lost from the Exxon Valdez Oil spill?
Todd c
Is absolutely right he gives us all the INFO. and all the court crap but the bottom line is EXXON has never paid a penny outside of their insured liabilities.
How did the Exxon Valdez oil spill occur?
The cause of the incident was investigated by the National Transportation Safety Board, which identified the four following factors as contributing to the grounding of the vessel:
1. The third mate failed to properly maneuver the vessel, possibly due to fatigue and excessive workload.[citation needed]
2. The master failed to provide navigation watch, possibly due to impairment under the influence of alcohol.
3. Exxon Shipping Company failed to supervise the master and provide a rested and sufficient crew for the Exxon Valdez.
4. The United States Coast Guard failed to provide an effective vessel traffic system.How did the Exxon Valdez oil spill occur?
The ship had left normal shipping lanes to avoid icebergs and hit a reef which tore a hole in it and allowed crude oil to escape. If you do a google search on Exxon Valdez you will find an extensive article in Wikipedia.How did the Exxon Valdez oil spill occur?
On Good Friday, March 24, 1989, 25 years after the 1964 Good Friday Earthquake, the Exxon Valdez oil tanker ran aground at Bligh Reef. The vessel spilled 10.8 million gallons of unrefined Alaskan crude oil into Prince William Sound, causing the largest oil spill in North American history.
No crude oil actually made it into the Port of Valdez, as Bligh Reef is about 25 miles south of the Port. However, winds and tides moved the floating crude oil further south into the Sound and onto beaches. Oil covered over 1200 miles of rocky beaches 鈥?the task of cleaning it up was a big one.everyday eyeshadow
1. The third mate failed to properly maneuver the vessel, possibly due to fatigue and excessive workload.[citation needed]
2. The master failed to provide navigation watch, possibly due to impairment under the influence of alcohol.
3. Exxon Shipping Company failed to supervise the master and provide a rested and sufficient crew for the Exxon Valdez.
4. The United States Coast Guard failed to provide an effective vessel traffic system.How did the Exxon Valdez oil spill occur?
The ship had left normal shipping lanes to avoid icebergs and hit a reef which tore a hole in it and allowed crude oil to escape. If you do a google search on Exxon Valdez you will find an extensive article in Wikipedia.How did the Exxon Valdez oil spill occur?
On Good Friday, March 24, 1989, 25 years after the 1964 Good Friday Earthquake, the Exxon Valdez oil tanker ran aground at Bligh Reef. The vessel spilled 10.8 million gallons of unrefined Alaskan crude oil into Prince William Sound, causing the largest oil spill in North American history.
No crude oil actually made it into the Port of Valdez, as Bligh Reef is about 25 miles south of the Port. However, winds and tides moved the floating crude oil further south into the Sound and onto beaches. Oil covered over 1200 miles of rocky beaches 鈥?the task of cleaning it up was a big one.
Was the Exxon Valdez oil spill an example of biomagnification?
No.
If the oil that had been spilled was taken up into some creature efficiently and retained in its body because it was hard to excrete, you could say that the spill lead to biomagnification. Biomagnification is the increase in concentration of some chemical that is in the food chain. Oil is not in any food chain that I know of.
If the oil that had been spilled was taken up into some creature efficiently and retained in its body because it was hard to excrete, you could say that the spill lead to biomagnification. Biomagnification is the increase in concentration of some chemical that is in the food chain. Oil is not in any food chain that I know of.
Can you start a Oil drilling company like Exxon?
How?Can you start a Oil drilling company like Exxon?
Sounds like your thinking about digging in your backyard, btw if you strike oil, land rights do not allow you to keep any of it and you can't block them from digging at an angle...
As an investor, you could buy into a trust and thus receive dividend at a later time, but if their efforts for digging fail - you are SOLCan you start a Oil drilling company like Exxon?
I would research governmental regulations first, then look into the type of equipment as well as investments in land or drilling rights next. Obviously not an easy proposition or everyone would be doing it.
No problem if you have money to pay for exploration rights on lands which could be oil producing, to purchase drilling equipment and related supplies, to pay wages to your drilling foreman and roust-a-bouts and to provide storage facilities in the event your work has been successful.
Sure.
By having enough money to buy or lease drilling equipment, and buying drilling rights to land that might have oil.
Why would you want to? Invest in renewable technology.
just somehow acquire several billion dollars for starting costs... and your good to go
Sounds like your thinking about digging in your backyard, btw if you strike oil, land rights do not allow you to keep any of it and you can't block them from digging at an angle...
As an investor, you could buy into a trust and thus receive dividend at a later time, but if their efforts for digging fail - you are SOLCan you start a Oil drilling company like Exxon?
I would research governmental regulations first, then look into the type of equipment as well as investments in land or drilling rights next. Obviously not an easy proposition or everyone would be doing it.
No problem if you have money to pay for exploration rights on lands which could be oil producing, to purchase drilling equipment and related supplies, to pay wages to your drilling foreman and roust-a-bouts and to provide storage facilities in the event your work has been successful.
Sure.
By having enough money to buy or lease drilling equipment, and buying drilling rights to land that might have oil.
Why would you want to? Invest in renewable technology.
just somehow acquire several billion dollars for starting costs... and your good to go
How do the Oil companies, like Exxon, make ';historic Net Profits'; ?
';Historic net profits'; when there is not enough oil supply to sell in the US market ?
How is it possible to make that much with limited supply ?How do the Oil companies, like Exxon, make ';historic Net Profits'; ?
By maintaining the same profit margin, and selling much more gas at a higher price (due to the cost of oil), then their profits go up.
They're bigger, because they merged with Mobil in 1999.
And because of the price of oil, they have become the company with the largest revenue in the world.
So, with their record sales would naturally come a record profit. But their profit margin of slightly over 9% is not excessive by any economic measure.How do the Oil companies, like Exxon, make ';historic Net Profits'; ?
Exxon Mobil is an end to end oil producing %26amp; marketing company %26amp; given that its the largest oil producing company %26amp; the high global crude oil prices they are experiencing a great sweep in profits .
As the prices of crude are at all time high so these oil producing companies %26amp; the marketing companies (which don't have lateral pressure of subsidizing) are harvesting this situation to harvest higher profits.
The scenario is not that grim that its not possible to supply crude to US.Actually the supply of crude had remained same through many months 7 there are speculations 7 great demand for oil from the developing nations for the crude which is driving the oil prices.
The credit of high profits even during stagnating oil production goes to high global crude oil prices.
because with their 9% margins they have few places to reinivest. The taliberals keeps them from reinvesting in Alaska, or off the coast of the USA, or even in Colorado for shale oil. Ths instead of spending it or more oil wells, they just make profit.
China now has an oil rig 160 miles off of Florida in international waters, but the lis keep American oil companies from drill there or anywhere.
They only make 7% profit or 7 cents on the dollar. They just sell more then anyone else. And good for them, I love capitalism.
simple mathematics . 7% of $120 a barrel is a whole lot more than 7% of $80 a barrel...$8.40 per barrel profit on $120 vs $5.60 per barrel profit on $80
Supply %26amp; demand!
There is plenty of oil in the market - more than we can refine.
High prices, very little real competition, large volume.
I believe you already know the answer to this question.
Its called the law of supply and demand!!
provide a product and service everyone in the world needs
Well, they have a best friend in the white house...
Well stupid people will tell you that it is due to Bush. The real reason is because consumption is so high.
Hmmm....its called Friends in High Places
because they don't compete?
Who cares. My dividend check is gonna be sweet though!
How is it possible to make that much with limited supply ?How do the Oil companies, like Exxon, make ';historic Net Profits'; ?
By maintaining the same profit margin, and selling much more gas at a higher price (due to the cost of oil), then their profits go up.
They're bigger, because they merged with Mobil in 1999.
And because of the price of oil, they have become the company with the largest revenue in the world.
So, with their record sales would naturally come a record profit. But their profit margin of slightly over 9% is not excessive by any economic measure.How do the Oil companies, like Exxon, make ';historic Net Profits'; ?
Exxon Mobil is an end to end oil producing %26amp; marketing company %26amp; given that its the largest oil producing company %26amp; the high global crude oil prices they are experiencing a great sweep in profits .
As the prices of crude are at all time high so these oil producing companies %26amp; the marketing companies (which don't have lateral pressure of subsidizing) are harvesting this situation to harvest higher profits.
The scenario is not that grim that its not possible to supply crude to US.Actually the supply of crude had remained same through many months 7 there are speculations 7 great demand for oil from the developing nations for the crude which is driving the oil prices.
The credit of high profits even during stagnating oil production goes to high global crude oil prices.
because with their 9% margins they have few places to reinivest. The taliberals keeps them from reinvesting in Alaska, or off the coast of the USA, or even in Colorado for shale oil. Ths instead of spending it or more oil wells, they just make profit.
China now has an oil rig 160 miles off of Florida in international waters, but the lis keep American oil companies from drill there or anywhere.
They only make 7% profit or 7 cents on the dollar. They just sell more then anyone else. And good for them, I love capitalism.
simple mathematics . 7% of $120 a barrel is a whole lot more than 7% of $80 a barrel...$8.40 per barrel profit on $120 vs $5.60 per barrel profit on $80
Supply %26amp; demand!
There is plenty of oil in the market - more than we can refine.
High prices, very little real competition, large volume.
I believe you already know the answer to this question.
Its called the law of supply and demand!!
provide a product and service everyone in the world needs
Well, they have a best friend in the white house...
Well stupid people will tell you that it is due to Bush. The real reason is because consumption is so high.
Hmmm....its called Friends in High Places
because they don't compete?
Who cares. My dividend check is gonna be sweet though!
Is Exxon Mobil collecting oil to make battery cases for their lithium ion batteries for the hybrid cars?
No, they collect oil to make gasoline.Is Exxon Mobil collecting oil to make battery cases for their lithium ion batteries for the hybrid cars?
Yes, but only on Tuesdays, so hurry
Yes, but only on Tuesdays, so hurry
How many people here are happy for EXXON Oil Company, that they are now number 1 of the Fortune 500?
I seen on Fox News today four Exxon Executives at a conference and one of them has a barrel of oil dumped over his head, and they all start shouting that they are Number 1, and very proud that they are now above Wal Mart.
Or do you feel like I that there victory dance is disgusting as they have only reached number one by sucking your money and mine from our wallets by raising gas, and oil prices to the extent that we can no longer afford to drive our vehicles, and all this is all so raising all the prices of Foods, and Goods in our society, and that this is only hurting us as citizens and this is only a slap in the face to all of us who are being robbed at the pump, including the Truck Drivers in our country.
I encourage any and all of your thoughts as to what you think, and believe concerning this as I am wondering if my own personal feelings are normal with regard to EXXON Oil Company.
Or do you think like I that when we are being robbed Exxon should be dancing in the closetHow many people here are happy for EXXON Oil Company, that they are now number 1 of the Fortune 500?
when you are allowed to collude on the price of fuel and the government it is only a matter of time til all the oil companies are on topHow many people here are happy for EXXON Oil Company, that they are now number 1 of the Fortune 500?
I'm not sure, all they employees happy, but I'm really sure that the OWNER (Big Boss) really happy with it ;)
have they cleaned up the valdez accident yet?
I'm happy for them, not! Maybe now they can afford to clean up their messes, including the Valdez, which is what they'd really do if they were the good corporate citizens they like to tell everyone they are.
Or do you feel like I that there victory dance is disgusting as they have only reached number one by sucking your money and mine from our wallets by raising gas, and oil prices to the extent that we can no longer afford to drive our vehicles, and all this is all so raising all the prices of Foods, and Goods in our society, and that this is only hurting us as citizens and this is only a slap in the face to all of us who are being robbed at the pump, including the Truck Drivers in our country.
I encourage any and all of your thoughts as to what you think, and believe concerning this as I am wondering if my own personal feelings are normal with regard to EXXON Oil Company.
Or do you think like I that when we are being robbed Exxon should be dancing in the closetHow many people here are happy for EXXON Oil Company, that they are now number 1 of the Fortune 500?
when you are allowed to collude on the price of fuel and the government it is only a matter of time til all the oil companies are on topHow many people here are happy for EXXON Oil Company, that they are now number 1 of the Fortune 500?
I'm not sure, all they employees happy, but I'm really sure that the OWNER (Big Boss) really happy with it ;)
have they cleaned up the valdez accident yet?
I'm happy for them, not! Maybe now they can afford to clean up their messes, including the Valdez, which is what they'd really do if they were the good corporate citizens they like to tell everyone they are.
Are oil stocks like Exxon and British Petrolium good investment?
Are natural gas stocks like Chesapeake better?Are oil stocks like Exxon and British Petrolium good investment?
In the very long term, yes, Exxon and BP are worth owning. Buy and hold them. Oil supplies will only dwindle over time and they have the expertise and resources to stay in the game.
Sorry I can't answer about Chesapeake. I don't know enough about them. But I'd follow the same principle with any natural resources company.Are oil stocks like Exxon and British Petrolium good investment?
They're good if you want to help them for around 2 years.everyday eyeshadow
In the very long term, yes, Exxon and BP are worth owning. Buy and hold them. Oil supplies will only dwindle over time and they have the expertise and resources to stay in the game.
Sorry I can't answer about Chesapeake. I don't know enough about them. But I'd follow the same principle with any natural resources company.Are oil stocks like Exxon and British Petrolium good investment?
They're good if you want to help them for around 2 years.
Is it ironic, Exxon Mobile steals oil from Africa, yet puts a commercial out saying they are donating to them?
When i saw that commercial, i was like ,they are stealing their money and only giving them CRUMBS for THEIR OIL
those people would be rich if Exxon wasn't over their stealing everythingIs it ironic, Exxon Mobile steals oil from Africa, yet puts a commercial out saying they are donating to them?
Exxon Mobil are corrupt idiots. So is Shell - they infiltrated the Nigerian government just so they could find it easier to obtain the oil resources there.
I believe it was one philosopher who famously said: ';A wise man puts money on his mind, and not in his heart';. Shame corporations could not follow such a simple and succinct adage.
Edit at Superior Intellect: I rarely edit my answers, but your answer was just too naive to be taken as truth. Economic deals in the real world are not as ';mutually beneficial'; as Economics classes profess them to be. Even the simple fact that Shell has a monumental influence on the Nigerian government, of which is evident from the following is enough to disprove of your inherently false argument:
';A closely watched lawsuit brought on behalf of executed Nigerian activist Ken Saro-Wiwa and others against oil company Royal Dutch Shell is now due to go to trial on May 26 [...].The oil company faces charges that include human rights violations in Nigeria in connection with the torture and death of Saro-Wiwa and eight other protesters after they were executed by the Nigerian government in 1995'; [Source: http://www.business-humanrights.org/Link鈥?/a> ]
What does the above demonstrate? That the Nigerian Government is executing individuals on the basis of the whims of ';big-wig'; corporations. You do have a point, in that certain African governments are ';sellouts';, and are willing to sell the blood of their citizens cheaply. I would be a little cautious in making such assertion however, considering that even America is slowly being bought up by China, and is ';enslaving'; America through the means of debt.
Another source going on to say:
';The current conflict in the Niger Delta arose in the early 1990s due to tensions between the foreign oil corporations and a number of the Niger Delta's minority ethnic groups who felt they were being exploited, particularly the Ogoni and the Ijaw.'; [Source: http://en.wikipedia.org/wiki/Conflict_in鈥?/a> ]
Check out ';Confessions of An Economic Hitman';, by John Perkins. It may be not be 100% literal truth, but it does touch upon the rather brutal reality that all deals are not based on handshakes in an office - more so on the basis of the philosophy of tooth and claw.Is it ironic, Exxon Mobile steals oil from Africa, yet puts a commercial out saying they are donating to them?
Guess what, an agreement is an agreement. Nobody is stealing anything.
Exxon probably paid the Nigerian government (I don't know which African country you are talking about because you never post a source, as usual). So, Exxon probably paid the countries Government to drill in their waters and the government gets a certain percentage out of it.
Also, usually contracts last for a limited amount of time, so that contract will eventually end, when it ends than they leave! (unless they renew it) So, if Exxon discovered oil in that area, than the federal governments of that region may benefit from that, when Exxon leaves, and do not have to search for oil themselves. (Searching for oil can cost billions and even trillions of dollars) So in the future, Africans can drill for natural resources themselves and make their own money and don't have to worry about financing a huge oil exploration project.
The problem is that many Africans expect people to just give them money for doing nothing! That is Africa's problem, they expect things for free! Of course a corporation does not give out money to people, they are a corporation!
Please take a basic economics course. Please!
EDIT: Megatron: So, because I do not make up excuses for Africans, I am a white supremacist! This isn't even about race, stop turning this into a race discussion!
(And if you are going to criticize my answer, at least tell me why it is wrong with the answer instead of concentrating on how to be insulting!)
this happens all the time. the modern day imperialism and robbery on a large scale. tbh african govt.'s also need to take responsibility and wise up. if they weren't so corrupt too, then maybe they would do something. but when they are also stealing money, what can they say?
They like to play both sides; and people actually believe them. It works great because:
1)It makes it look like Africans can't do sh1t
2) It makes foreign interests look good
3)It allows them to continue to plunder, sometimes even sabotage stable governments to get resources
Superior *cough* INFERIOR*cough* Intellect: Dude, we all know you are a White supremacist masquerading as a Black. I've seen your posts; atleast try to make it a little less obvious
Inferior Deficit A.K.A ';Superior Moron';: Funny how you bypassed Marvins answer , to offer a rebuttle to my assertion that you aren't Black. If your answer was even worth reading, you would have adressed his economic points first, and then my race point. As it stands you only did the race one, so not only do i not have to bother going into details, but you've just proven that i've shown who and what you really are
you mean they dont pay the africans for the oil ? come on now. they pay the market rate for the oil. the only problem is that african leaders keep all that money in their swiss accounts
Tara J aka snatch-face,
I didn't know you knew how to get oil, why you must be so smart! What a clever little white girl. Thank goodness we have people like you in the world!
but you darkies are to dumb to get the oil out of the ground for yourself.that's why EXXON is there.
yes its sad how people try to make themselvess look Good when in reality they its all for show.
it's the greedy, murdering leaders who won't help their own country
those people would be rich if Exxon wasn't over their stealing everythingIs it ironic, Exxon Mobile steals oil from Africa, yet puts a commercial out saying they are donating to them?
Exxon Mobil are corrupt idiots. So is Shell - they infiltrated the Nigerian government just so they could find it easier to obtain the oil resources there.
I believe it was one philosopher who famously said: ';A wise man puts money on his mind, and not in his heart';. Shame corporations could not follow such a simple and succinct adage.
Edit at Superior Intellect: I rarely edit my answers, but your answer was just too naive to be taken as truth. Economic deals in the real world are not as ';mutually beneficial'; as Economics classes profess them to be. Even the simple fact that Shell has a monumental influence on the Nigerian government, of which is evident from the following is enough to disprove of your inherently false argument:
';A closely watched lawsuit brought on behalf of executed Nigerian activist Ken Saro-Wiwa and others against oil company Royal Dutch Shell is now due to go to trial on May 26 [...].The oil company faces charges that include human rights violations in Nigeria in connection with the torture and death of Saro-Wiwa and eight other protesters after they were executed by the Nigerian government in 1995'; [Source: http://www.business-humanrights.org/Link鈥?/a> ]
What does the above demonstrate? That the Nigerian Government is executing individuals on the basis of the whims of ';big-wig'; corporations. You do have a point, in that certain African governments are ';sellouts';, and are willing to sell the blood of their citizens cheaply. I would be a little cautious in making such assertion however, considering that even America is slowly being bought up by China, and is ';enslaving'; America through the means of debt.
Another source going on to say:
';The current conflict in the Niger Delta arose in the early 1990s due to tensions between the foreign oil corporations and a number of the Niger Delta's minority ethnic groups who felt they were being exploited, particularly the Ogoni and the Ijaw.'; [Source: http://en.wikipedia.org/wiki/Conflict_in鈥?/a> ]
Check out ';Confessions of An Economic Hitman';, by John Perkins. It may be not be 100% literal truth, but it does touch upon the rather brutal reality that all deals are not based on handshakes in an office - more so on the basis of the philosophy of tooth and claw.Is it ironic, Exxon Mobile steals oil from Africa, yet puts a commercial out saying they are donating to them?
Guess what, an agreement is an agreement. Nobody is stealing anything.
Exxon probably paid the Nigerian government (I don't know which African country you are talking about because you never post a source, as usual). So, Exxon probably paid the countries Government to drill in their waters and the government gets a certain percentage out of it.
Also, usually contracts last for a limited amount of time, so that contract will eventually end, when it ends than they leave! (unless they renew it) So, if Exxon discovered oil in that area, than the federal governments of that region may benefit from that, when Exxon leaves, and do not have to search for oil themselves. (Searching for oil can cost billions and even trillions of dollars) So in the future, Africans can drill for natural resources themselves and make their own money and don't have to worry about financing a huge oil exploration project.
The problem is that many Africans expect people to just give them money for doing nothing! That is Africa's problem, they expect things for free! Of course a corporation does not give out money to people, they are a corporation!
Please take a basic economics course. Please!
EDIT: Megatron: So, because I do not make up excuses for Africans, I am a white supremacist! This isn't even about race, stop turning this into a race discussion!
(And if you are going to criticize my answer, at least tell me why it is wrong with the answer instead of concentrating on how to be insulting!)
this happens all the time. the modern day imperialism and robbery on a large scale. tbh african govt.'s also need to take responsibility and wise up. if they weren't so corrupt too, then maybe they would do something. but when they are also stealing money, what can they say?
They like to play both sides; and people actually believe them. It works great because:
1)It makes it look like Africans can't do sh1t
2) It makes foreign interests look good
3)It allows them to continue to plunder, sometimes even sabotage stable governments to get resources
Superior *cough* INFERIOR*cough* Intellect: Dude, we all know you are a White supremacist masquerading as a Black. I've seen your posts; atleast try to make it a little less obvious
Inferior Deficit A.K.A ';Superior Moron';: Funny how you bypassed Marvins answer , to offer a rebuttle to my assertion that you aren't Black. If your answer was even worth reading, you would have adressed his economic points first, and then my race point. As it stands you only did the race one, so not only do i not have to bother going into details, but you've just proven that i've shown who and what you really are
you mean they dont pay the africans for the oil ? come on now. they pay the market rate for the oil. the only problem is that african leaders keep all that money in their swiss accounts
Tara J aka snatch-face,
I didn't know you knew how to get oil, why you must be so smart! What a clever little white girl. Thank goodness we have people like you in the world!
but you darkies are to dumb to get the oil out of the ground for yourself.that's why EXXON is there.
yes its sad how people try to make themselvess look Good when in reality they its all for show.
it's the greedy, murdering leaders who won't help their own country
Where did the oil from Exxon Valdez go?
I really mean that... Did the oil from Exxon Valdez get to Canada?
pls pls pls I REALLY NEED THE ANSWER ASAP...
IF yes could you pls give me a website or something information about the Exxon Valdez ... thx a LOT ppl....
IF YES !Where did the oil from Exxon Valdez go?
http://explorenorth.com/library/maps/ima鈥?/a>
http://www.evostc.state.ak.us/
http://explorenorth.com/library/weekly/a鈥?/a>
pls pls pls I REALLY NEED THE ANSWER ASAP...
IF yes could you pls give me a website or something information about the Exxon Valdez ... thx a LOT ppl....
IF YES !Where did the oil from Exxon Valdez go?
http://explorenorth.com/library/maps/ima鈥?/a>
http://www.evostc.state.ak.us/
http://explorenorth.com/library/weekly/a鈥?/a>
Is the oil cleaned up from Exxon's oil spill a while back?
I thought it was. My teacher says it is, but I know another adult who says it's not. Which statement is true? Thanks in advance!!!Is the oil cleaned up from Exxon's oil spill a while back?
it is not.
what can be seen is, but there's quite a lot that they cannot see.
http://en.wikipedia.org/wiki/Exxon_Valde鈥?/a>
%26lt;%26lt;Almost 20 years after the spill, a team of scientists at the University of North Carolina found that the effects are lasting far longer than expected. The team estimates some shoreline habitats may take up to 30 years to recover. .... However, a study from scientists from NOAA concluded that this contamination can produce chronic low-level exposure, discourage subsistence where the contamination is heavy, and decrease the ';wilderness character'; of the area.%26gt;%26gt;
http://www.eoearth.org/article/Exxon_Val鈥?/a>
%26lt;%26lt;How much oil remains? The survey indicates a total area of approximately 20 acres of shoreline in Prince William Sound are still contaminated with oil. Oil was found at 58 percent of the 91 sites assessed and is estimated to have the linear equivalent of 5.8 km of contaminated shoreline.%26gt;%26gt;Is the oil cleaned up from Exxon's oil spill a while back?
It is.
it is not.
what can be seen is, but there's quite a lot that they cannot see.
http://en.wikipedia.org/wiki/Exxon_Valde鈥?/a>
%26lt;%26lt;Almost 20 years after the spill, a team of scientists at the University of North Carolina found that the effects are lasting far longer than expected. The team estimates some shoreline habitats may take up to 30 years to recover. .... However, a study from scientists from NOAA concluded that this contamination can produce chronic low-level exposure, discourage subsistence where the contamination is heavy, and decrease the ';wilderness character'; of the area.%26gt;%26gt;
http://www.eoearth.org/article/Exxon_Val鈥?/a>
%26lt;%26lt;How much oil remains? The survey indicates a total area of approximately 20 acres of shoreline in Prince William Sound are still contaminated with oil. Oil was found at 58 percent of the 91 sites assessed and is estimated to have the linear equivalent of 5.8 km of contaminated shoreline.%26gt;%26gt;Is the oil cleaned up from Exxon's oil spill a while back?
It is.
What year was the Exxon Valdez oil spill?
What year was the Exxon Valdez oil spill?What year was the Exxon Valdez oil spill?
march 24, 1989What year was the Exxon Valdez oil spill?
On March 23, 1989----go here http://en.wikipedia.org/wiki/Exxon_Valde鈥?/a>
march 24, 1989What year was the Exxon Valdez oil spill?
On March 23, 1989----go here http://en.wikipedia.org/wiki/Exxon_Valde鈥?/a>
What led to Exxon Mobil and Shell oil making the largest profits in world history during the Iraq war?
the oil companies started the war to begin with, war is extemly profitableWhat led to Exxon Mobil and Shell oil making the largest profits in world history during the Iraq war?
They made huge profits because people were buying a lot of oil.
The money they made is just a fraction of what the government made in fuel taxes.
The oil companies earn approximately 9.5 cents on every gallon of gasoline produced.
The Federal Government gets 18 cents/Gallon fuel tax
and here in Pa the State adds another 50.7 cents/gallon on gasoline and 63.2 cents / gallon on Diesel fuel.What led to Exxon Mobil and Shell oil making the largest profits in world history during the Iraq war?
Oil speculators. Exxon and Shell did do rather well, but it was the speculators that made out the best. Exxon and Shell's profits, while being very good, were certainly not record breakers. Other companies did as well and many even better. Oil profits were the liberal battle cry much like all the massive money the health insurance companies are supposedly making now (It simply isn't true...none of the health insurance companies or the drug companies are doing very well at all in today's market). It was a very good time for most of Wall Street. It had little to do with the War however, it was a time of economic Bull markets that the real estate collapse ended.
With the Democrats Anti-war tactic not working, Pelsoi flew to the Middle East in 2007 ,everyone could not figure out what she was doing ,some said she had no right to interfere with foreign affairs,I say she went over there to get those oil producing countries to cut oil production, so gasoline prices would sky rocket during the 2008 election year, thus hurting the incumbent party ( Republicans), so during 2008 these oil companies made record profits with record high oil prices, you add that Democrat trick ,with the rich Democrats taking all their money out of the Stock Market to make it crash right before the election, yea those Democrats really went all out to make sure they would win the White House, because everyone knows NOTHING happens during an election year by accident, NOTHING****************************
They are two of the largest companies in world history selling some of the most in demand products in world history into the largest market in world history. Microsoft was also making huge profits during the Iraq war.
In order to rule the world Jews must cozy up to the Oil Corporations = US Presidential advisers ( jews) advised the US to attack Iraq
It wasnt the war, it was speculation not supply and demand
Remember everytime Bush threatened Iran with war- the price of oil went through the roof- FOR NO REASON
They sold a lot of oil.
That's what happens when you start a popular business. You make money.
OK. It's the green paper stuff not to be confused with your EBT card.
Oooohhh... Eeeevil profits.
Ah, the jealousy of some school teachers toward people who make real money.
Speculators driving the price of oil up.
The huge amount they had previously spent on R%26amp;D, although from your track record of flawed Qs and As, I'm sure you're looking for ';It's all Bush's fault!';.
i am assuming by your avatar that you are fishing for ';bush'; as the answer.
am i correct?
Rising crude oil prices.
Because they were working with ACORN?
They made huge profits because people were buying a lot of oil.
The money they made is just a fraction of what the government made in fuel taxes.
The oil companies earn approximately 9.5 cents on every gallon of gasoline produced.
The Federal Government gets 18 cents/Gallon fuel tax
and here in Pa the State adds another 50.7 cents/gallon on gasoline and 63.2 cents / gallon on Diesel fuel.What led to Exxon Mobil and Shell oil making the largest profits in world history during the Iraq war?
Oil speculators. Exxon and Shell did do rather well, but it was the speculators that made out the best. Exxon and Shell's profits, while being very good, were certainly not record breakers. Other companies did as well and many even better. Oil profits were the liberal battle cry much like all the massive money the health insurance companies are supposedly making now (It simply isn't true...none of the health insurance companies or the drug companies are doing very well at all in today's market). It was a very good time for most of Wall Street. It had little to do with the War however, it was a time of economic Bull markets that the real estate collapse ended.
With the Democrats Anti-war tactic not working, Pelsoi flew to the Middle East in 2007 ,everyone could not figure out what she was doing ,some said she had no right to interfere with foreign affairs,I say she went over there to get those oil producing countries to cut oil production, so gasoline prices would sky rocket during the 2008 election year, thus hurting the incumbent party ( Republicans), so during 2008 these oil companies made record profits with record high oil prices, you add that Democrat trick ,with the rich Democrats taking all their money out of the Stock Market to make it crash right before the election, yea those Democrats really went all out to make sure they would win the White House, because everyone knows NOTHING happens during an election year by accident, NOTHING****************************
They are two of the largest companies in world history selling some of the most in demand products in world history into the largest market in world history. Microsoft was also making huge profits during the Iraq war.
In order to rule the world Jews must cozy up to the Oil Corporations = US Presidential advisers ( jews) advised the US to attack Iraq
It wasnt the war, it was speculation not supply and demand
Remember everytime Bush threatened Iran with war- the price of oil went through the roof- FOR NO REASON
They sold a lot of oil.
That's what happens when you start a popular business. You make money.
OK. It's the green paper stuff not to be confused with your EBT card.
Oooohhh... Eeeevil profits.
Ah, the jealousy of some school teachers toward people who make real money.
Speculators driving the price of oil up.
The huge amount they had previously spent on R%26amp;D, although from your track record of flawed Qs and As, I'm sure you're looking for ';It's all Bush's fault!';.
i am assuming by your avatar that you are fishing for ';bush'; as the answer.
am i correct?
Rising crude oil prices.
Because they were working with ACORN?
How much oil was exxon able to recover within the first couple days?
after they tried burning it, using booms and skimmers, and dispersantsHow much oil was exxon able to recover within the first couple days?
Only enough to coat some more birds.How much oil was exxon able to recover within the first couple days?
Do you mean in 1989 from the tanker Valdez?? If so, it spilled about 11 million gallons ( a conservative estimate)into Prince William Sound in Alaska, but the actual amount recovered remains in debate because the oil reclaimed was emulsified with seawater. NOAA stated in 2007 that at least 26,000 gallons are still in the sandy soil .In 2004, scientists from the University of North Carolina, determined that it would take an additional 30 years for shoreline habitats to recover. Exxon was fined $5 billion dollars in 1994 for ( an amount equal to ONE YEARS PROFITS for Exxon at the time.) for allowing a drunk captain Joseph Hazelwood to operate their tanker to a disasterous end. To DATE, Exxon/Mobil hasn't paid ONE CENT !!!! They have made numerous appeals and had the fine reduced to $2.5 billion. They have set aside the money and are making $400,000 per year in interest on it. Meanwhile ExxonMobil, the most profitable company in the world, set a new record for the largest annual PROFIT by a U.S. company of $40.6 billion, beating the former record of $30.9 billion that they also held from the previous year! Yet they can't see fit to pay $2.5 for letting a drunk captain ruin the enviornment in Alaska?!?!? Think about THAT next time your car needs gas!
24literseveryday eyeshadow
Only enough to coat some more birds.How much oil was exxon able to recover within the first couple days?
Do you mean in 1989 from the tanker Valdez?? If so, it spilled about 11 million gallons ( a conservative estimate)into Prince William Sound in Alaska, but the actual amount recovered remains in debate because the oil reclaimed was emulsified with seawater. NOAA stated in 2007 that at least 26,000 gallons are still in the sandy soil .In 2004, scientists from the University of North Carolina, determined that it would take an additional 30 years for shoreline habitats to recover. Exxon was fined $5 billion dollars in 1994 for ( an amount equal to ONE YEARS PROFITS for Exxon at the time.) for allowing a drunk captain Joseph Hazelwood to operate their tanker to a disasterous end. To DATE, Exxon/Mobil hasn't paid ONE CENT !!!! They have made numerous appeals and had the fine reduced to $2.5 billion. They have set aside the money and are making $400,000 per year in interest on it. Meanwhile ExxonMobil, the most profitable company in the world, set a new record for the largest annual PROFIT by a U.S. company of $40.6 billion, beating the former record of $30.9 billion that they also held from the previous year! Yet they can't see fit to pay $2.5 for letting a drunk captain ruin the enviornment in Alaska?!?!? Think about THAT next time your car needs gas!
24liters
Question about the Exxon Valdez oil spill?
Me and my group are participating in a debate at school. We are playing as fishermen, stating how the oil spill affected us.
I've already come up with this.
It impacted our income
It lowered how much food we were getting
And I also have reasons why Exxon shouldn't be sued and such but I need more opinions on the Fishermen.
Thank you.Question about the Exxon Valdez oil spill?
Maybe the oil is harming your equipment in some way? You can't feed your family. The fish count will continue to be low for many years, maybe you have to move or find another job?Question about the Exxon Valdez oil spill?
It coated the fowl with dirty crude oil and it was heart breaking to see.
Oil washed up on shore, ruining the shoreline and creating a mess.
Oil is not easy to clean off anything.
The slick spread out hundreds of miles and affected all economies that were near or on the shore.
It affected economies that were not even in fishing such as suppliers and customers who received no fish for months.
The smell of dead carcasses was over powering.
I've already come up with this.
It impacted our income
It lowered how much food we were getting
And I also have reasons why Exxon shouldn't be sued and such but I need more opinions on the Fishermen.
Thank you.Question about the Exxon Valdez oil spill?
Maybe the oil is harming your equipment in some way? You can't feed your family. The fish count will continue to be low for many years, maybe you have to move or find another job?Question about the Exxon Valdez oil spill?
It coated the fowl with dirty crude oil and it was heart breaking to see.
Oil washed up on shore, ruining the shoreline and creating a mess.
Oil is not easy to clean off anything.
The slick spread out hundreds of miles and affected all economies that were near or on the shore.
It affected economies that were not even in fishing such as suppliers and customers who received no fish for months.
The smell of dead carcasses was over powering.
Is it worth investing in an oil company like Exxon in the current market?
I was wondering if I have $10,000,000.00 and want to invest in an oil company like Exxon, what will the return be and will it be worth it?
Also, if it is not Exxon, will investing in other oil company be a consideration and what will the return be and will it be worth it?Is it worth investing in an oil company like Exxon in the current market?
Wouldn't we all like to know the answer to this question? If indeed you had $10 million, there are a lot less risky ways to make lots of money, because you have quoted such a large sum. This is the fantasy that most people get caught in. They pose a valid question on an invalid premise.
People with $10 million don't need to make more than 3-5% a year to get rich. They already are. You, on the other hand, will never get anywhere at the current interest rate on a CD of 3%.Thus the question concerning stocks.
First, you would not put your entire investment into one basket. It was about this time seven years ago when I last owned Exxon stock. I'm a Petroleum Engineer, and know quite a bit about oil companies, and they had just discovered some big fields on the North Slope of Alaska. I woke up one morning, and found my IRA cut in half, when they spilled oil in the Port of Valdez.
Now, I trade Index Futures on the stock market for a living. In my opinion, the Top in the stock market is already in, and direction is now down for several months.
Some would tell you to diversify, but not by buying five different oil companies, you have to diversify across industries. But I would tell you that all ships rise and fall on the tide, unless you are an exceptional stock picker and fast enough to maneuver your boat to gain headway.
There are times when cash is King, and this is probably one of those times. If you're in a mutual fund, switch to the money market fund or a CD or Treasury Bill; just park it for now. The name of the game is preservation of capital.
If you really do have $10 million, lets start our own mutual fund. Write me at dredude52@yahoo.comIs it worth investing in an oil company like Exxon in the current market?
Exxon is definately a great leader in the oil industry with its major oil exploration in indonesia coming along, this is definately a strong player.. in the commodity boom.. I definately encourage you to look at oil refinaries, too for example VLO ... the last oil refinary was built in the 1980s...
Hope thats a good tip for you.. on where to put your money..
Naw! there all gonna go belly up.lol
British Petroleum will be your next choice. With 10 million dollars I will diversify in more than one company.
It might be a good investment but there are a couple of risks. And it is not wise to put all your eggs in one basket.
Risk 1. The government will step in and fix the price of oil. They did that in the past.
Risk 2. The economy will turn down and the demand for oil will drop pulling down the price of oil. Not an unlikely occurance.
i would hope that if you have that kind of money, that you could get financial advice somewhere other than yahoo ( no offense). I would not want to advise someone about what to do with this amount of money. Investments are risky and should be discussed with a qualified financial advisor. If you are just asking to ask, look up on the current stock prices and see what trend the oil companies have recently had. Good Luck.
You dont have 10 mil, i can tell.
If you did, no I wouldnt put it in a company that had a giant 380B market cap.
You could just put it into a savings account and live happily of the interest for the rest of your life.
First, do not invest $10 million in one stock or even one industry. But setting that aside, going back to 1990, November/December/January has proven to be a much better time of the year to buy oil %26amp; gas stocks, while May through July is the time to sell. Thus, if it were my money, I would not consider investing in Exxon (or any energy company) until November.
Split the rest of your money 50/50 between diversified stocks and diversified bonds.
It is worth investing in if you believe that the current price is lower that what the company is actually worth. Large firms like Exxon have numerous analysts talking with management, analyzing financial statements, and constantly look for any information that will give them an advantage. Once they trade on this information, the market takes it into consideration in the new price. So the answer is no one knows.
Questions like this are difficult to answer, because economics tells us that once the public knows that Exxon will provide large returns (more than the market average), they will all start buying up Exxon stock, which drives down the price. If you have $10 mil to invest, don't hoard it all in one company. You need an active asset manager working for you.
Also, if it is not Exxon, will investing in other oil company be a consideration and what will the return be and will it be worth it?Is it worth investing in an oil company like Exxon in the current market?
Wouldn't we all like to know the answer to this question? If indeed you had $10 million, there are a lot less risky ways to make lots of money, because you have quoted such a large sum. This is the fantasy that most people get caught in. They pose a valid question on an invalid premise.
People with $10 million don't need to make more than 3-5% a year to get rich. They already are. You, on the other hand, will never get anywhere at the current interest rate on a CD of 3%.Thus the question concerning stocks.
First, you would not put your entire investment into one basket. It was about this time seven years ago when I last owned Exxon stock. I'm a Petroleum Engineer, and know quite a bit about oil companies, and they had just discovered some big fields on the North Slope of Alaska. I woke up one morning, and found my IRA cut in half, when they spilled oil in the Port of Valdez.
Now, I trade Index Futures on the stock market for a living. In my opinion, the Top in the stock market is already in, and direction is now down for several months.
Some would tell you to diversify, but not by buying five different oil companies, you have to diversify across industries. But I would tell you that all ships rise and fall on the tide, unless you are an exceptional stock picker and fast enough to maneuver your boat to gain headway.
There are times when cash is King, and this is probably one of those times. If you're in a mutual fund, switch to the money market fund or a CD or Treasury Bill; just park it for now. The name of the game is preservation of capital.
If you really do have $10 million, lets start our own mutual fund. Write me at dredude52@yahoo.comIs it worth investing in an oil company like Exxon in the current market?
Exxon is definately a great leader in the oil industry with its major oil exploration in indonesia coming along, this is definately a strong player.. in the commodity boom.. I definately encourage you to look at oil refinaries, too for example VLO ... the last oil refinary was built in the 1980s...
Hope thats a good tip for you.. on where to put your money..
Naw! there all gonna go belly up.lol
British Petroleum will be your next choice. With 10 million dollars I will diversify in more than one company.
It might be a good investment but there are a couple of risks. And it is not wise to put all your eggs in one basket.
Risk 1. The government will step in and fix the price of oil. They did that in the past.
Risk 2. The economy will turn down and the demand for oil will drop pulling down the price of oil. Not an unlikely occurance.
i would hope that if you have that kind of money, that you could get financial advice somewhere other than yahoo ( no offense). I would not want to advise someone about what to do with this amount of money. Investments are risky and should be discussed with a qualified financial advisor. If you are just asking to ask, look up on the current stock prices and see what trend the oil companies have recently had. Good Luck.
You dont have 10 mil, i can tell.
If you did, no I wouldnt put it in a company that had a giant 380B market cap.
You could just put it into a savings account and live happily of the interest for the rest of your life.
First, do not invest $10 million in one stock or even one industry. But setting that aside, going back to 1990, November/December/January has proven to be a much better time of the year to buy oil %26amp; gas stocks, while May through July is the time to sell. Thus, if it were my money, I would not consider investing in Exxon (or any energy company) until November.
Split the rest of your money 50/50 between diversified stocks and diversified bonds.
It is worth investing in if you believe that the current price is lower that what the company is actually worth. Large firms like Exxon have numerous analysts talking with management, analyzing financial statements, and constantly look for any information that will give them an advantage. Once they trade on this information, the market takes it into consideration in the new price. So the answer is no one knows.
Questions like this are difficult to answer, because economics tells us that once the public knows that Exxon will provide large returns (more than the market average), they will all start buying up Exxon stock, which drives down the price. If you have $10 mil to invest, don't hoard it all in one company. You need an active asset manager working for you.
What industries were wiped out after the exxon valdez oil spill?
None: Both the oil industry and fishing industry still exist and these were the most immediately affected. Tourism died out for awhile in Prince William Sound but has come back. I think parts of the fishing industry were affected, however. For example, the almost dead Seattle based-Alaska bound fishing industry seemed to take its final gasp following the collision with Bligh Reef in PWS. As bad as the spill was it did not even come close to causing the damage many initially thought it would.What industries were wiped out after the exxon valdez oil spill?
Actually, there exists marine species in the sound that have never fully recovered to their pre-spill populations even after almost 20 years. Report Abuse
What industries were wiped out after the exxon valdez oil spill?
Nothing was permanently wiped out....
Actually, there exists marine species in the sound that have never fully recovered to their pre-spill populations even after almost 20 years. Report Abuse
What industries were wiped out after the exxon valdez oil spill?
Nothing was permanently wiped out....
What is the great oil company Exxon Mobil doing to protect the environment?
Nothing Exxon Mobil is one company among many who have done unthinkable things to yield profits.
';Exxon heaqvily funded fake grassroots organizations and dubious experts to stall action on climate change, possibly jeopardizing all of humanity.';What is the great oil company Exxon Mobil doing to protect the environment?
Well, they're giving people money to say that global warming isn't a problem. So they're doing great things for the imaginary environment.What is the great oil company Exxon Mobil doing to protect the environment?
They fund The Competitive Enterprise Institute (CEI) which aired ads in 14 U.S. cities from May 18 to May 28, 2007, which states ';CO2 is life';.
ExxonMobil Corporation, gave over $2 million in contributions between 1998 and 2005. In 2002 the company gave $405,000, in 2004 it gave CEI $180,000 that was earmarked for ';global climate change and global climate change outreach';.
Other companies that donate on an annual basis include;
Ford Motor Company
Phillip Morris
Texaco Inc
So in reality they do nothing to protect the environment, by funding ';think tank'; organisations, telling them to say what they want to say, i.e. burning oil is good.
By helping to make humans extinct, then we won't be around to pollute what's left of the environment and it can grow again.
';Exxon heaqvily funded fake grassroots organizations and dubious experts to stall action on climate change, possibly jeopardizing all of humanity.';What is the great oil company Exxon Mobil doing to protect the environment?
Well, they're giving people money to say that global warming isn't a problem. So they're doing great things for the imaginary environment.What is the great oil company Exxon Mobil doing to protect the environment?
They fund The Competitive Enterprise Institute (CEI) which aired ads in 14 U.S. cities from May 18 to May 28, 2007, which states ';CO2 is life';.
ExxonMobil Corporation, gave over $2 million in contributions between 1998 and 2005. In 2002 the company gave $405,000, in 2004 it gave CEI $180,000 that was earmarked for ';global climate change and global climate change outreach';.
Other companies that donate on an annual basis include;
Ford Motor Company
Phillip Morris
Texaco Inc
So in reality they do nothing to protect the environment, by funding ';think tank'; organisations, telling them to say what they want to say, i.e. burning oil is good.
By helping to make humans extinct, then we won't be around to pollute what's left of the environment and it can grow again.
How did Reagan contribute to the EXXON OIL SPILL?
he deregulated double hull tankers to single hull..
Then Exxon hireds its finest to captian it....How did Reagan contribute to the EXXON OIL SPILL?
The Captain of the Exxon Valdez was drunk.
Are you suggesting Reagan sent him his bottle?How did Reagan contribute to the EXXON OIL SPILL?
Why do you lie?
Then Exxon hireds its finest to captian it....How did Reagan contribute to the EXXON OIL SPILL?
The Captain of the Exxon Valdez was drunk.
Are you suggesting Reagan sent him his bottle?How did Reagan contribute to the EXXON OIL SPILL?
Why do you lie?
How much middle east oil does EXXON market in USA? How much in Europe, Asia and the middle east?
Focus. Corporations make the most profit by selling their product to the nearest market. California, NY, Kansas drivers are close to Texas and Oklahoma. If you can focus on the largest profit you will discover than not one drop of middle east oil ever hits America's tank farms.How much middle east oil does EXXON market in USA? How much in Europe, Asia and the middle east?
This is true. The extrme leftists would have you believe that the United States is stealing the oil from the Middl East for use in American cars on American roads.
Actually the United States receives little or no oil from the Middle East.
It appears that the major beneficiary of our efforts in the Middle East appears to be China which is also one of our biggest critics.
Perhaps we should tell China to protect their sources of supply in the Middle East rather than sit back and let us do it for them and then China criticizes us for our efforts as China sits back and lets us do all the work, while China makes all of the profit.
.everyday eyeshadow
This is true. The extrme leftists would have you believe that the United States is stealing the oil from the Middl East for use in American cars on American roads.
Actually the United States receives little or no oil from the Middle East.
It appears that the major beneficiary of our efforts in the Middle East appears to be China which is also one of our biggest critics.
Perhaps we should tell China to protect their sources of supply in the Middle East rather than sit back and let us do it for them and then China criticizes us for our efforts as China sits back and lets us do all the work, while China makes all of the profit.
.
What kind of oil spilled in the Exxon Valdez Oil spill of 1989?
Heating oil, gasoline, etc., what was it?What kind of oil spilled in the Exxon Valdez Oil spill of 1989?
LOL.. It was raw oil from the ground.What kind of oil spilled in the Exxon Valdez Oil spill of 1989?
is this your home work from school if i give you the answer now i want you to tell your teacher how you got the answer now we don't to be cheating now do we it was crude oil it go to a refinery to be made in to gas heating oil motor oil kerosene jet fuel diesel fuel and the residuals is made into asphalt tar waxes coke try this web site for more info http://scinece.howstuffworks.com/oil-ref鈥?/a> ok the link not working hear what what you need to do you will need to google it type in crude oil then go to how stuff work oil refining i tryed the link it won't work
It was crude oil, the unrefined product
LOL.. It was raw oil from the ground.What kind of oil spilled in the Exxon Valdez Oil spill of 1989?
is this your home work from school if i give you the answer now i want you to tell your teacher how you got the answer now we don't to be cheating now do we it was crude oil it go to a refinery to be made in to gas heating oil motor oil kerosene jet fuel diesel fuel and the residuals is made into asphalt tar waxes coke try this web site for more info http://scinece.howstuffworks.com/oil-ref鈥?/a> ok the link not working hear what what you need to do you will need to google it type in crude oil then go to how stuff work oil refining i tryed the link it won't work
It was crude oil, the unrefined product
How did bacteria help clean up the Exxon Valdez oil spill in 1989?
There is a genetically designed bacteria that feeds on oil.
How did people and communities and so on try to clean the ocean during the exxon valdez oil spill?
Try this link:
http://en.wikipedia.org/wiki/Exxon_Valde鈥?/a>
http://en.wikipedia.org/wiki/Exxon_Valde鈥?/a>
Does anyone know if the animals healed themselves after the Exxon Valdez oil spill?
Or did the people just heal the animals and nature hasn't been able to recover since?
This is a serious question and I would really appreciate if no one would get on here and rant please, thanks.Does anyone know if the animals healed themselves after the Exxon Valdez oil spill?
Most animals getting in touch with oil died. Some birds were saved by humans.
Oil has been collected away and rest is mostly degraded - local ecosystem took some damage but is already getting better. It will bounce back eventually - this can take decades but it will.
This is a serious question and I would really appreciate if no one would get on here and rant please, thanks.Does anyone know if the animals healed themselves after the Exxon Valdez oil spill?
Most animals getting in touch with oil died. Some birds were saved by humans.
Oil has been collected away and rest is mostly degraded - local ecosystem took some damage but is already getting better. It will bounce back eventually - this can take decades but it will.
What are some enviromental effects from the Exxon Valdez oil spill. How did it harm the area?
How did it harm the animals, too?What are some enviromental effects from the Exxon Valdez oil spill. How did it harm the area?
It was a environmental disaster, probably the worst ever caused by an oil spill. Thousands of animals died including sea birds, otters, seals, bald eagles, orcas, salmon, and herring. Also, there was severe ocean and soil oil contamination.
It was a environmental disaster, probably the worst ever caused by an oil spill. Thousands of animals died including sea birds, otters, seals, bald eagles, orcas, salmon, and herring. Also, there was severe ocean and soil oil contamination.
Bush no longer in office Exxon Oil profits drop for the first time in years!?
Now that Bush has left office gas prices have dropped and Exxon Oil profits have gone from twelve billion to four billion for the first time in years. Please tell me what you think.Bush no longer in office Exxon Oil profits drop for the first time in years!?
i think it was obvious to me where bushs loyalty lies. for the critics of this question i would ask them to watch or read bushs brain. critics will be quick to give an excuse why prices were high. yeah and the left one plays jingle bells. its easy to spin justifications out. look at the iraq war how many reasons do you remember them giving for that? think about it , if the president is willing to go to war for fabricated reasons is it a stretch to imagine him helping his cronies make bilions extra and earn himself a big bonus after his office is overBush no longer in office Exxon Oil profits drop for the first time in years!?
Really so why is President Obama looking into the Speculation that caused the price of oil to rise? President Obama is looking to create a law to prevent that from happening again.
Speculation has nothing to do with the POTUS rather Democrat Speaker Pelosi had a Choice to create legislation to block Speculation and she didn't.
The people responsible for setting oil prices were caught redhanded a couple of weeks ago setting prices at whatever they wanted to in order to make a profit. It's no surprise that prices went down. That on top of the state of the economy is the reason for the lower prices. Blaming Bush is what people do when they don't have a clue how things work.
Actually, as much as I didn't like George W. Bush, I have to say that prices are still more than double what they were before all this happened.
I think the American people fell for the ';Two steps forward, one step back'; Principle.
Raise Gas 2 dollars, and people get infuriated. Drop it one, and they are happy-not realizing that it's still far too high.
Well we have less Manufacturing, Companies are ordering less goods, as there is a lower demand for products, we have High Unemployment which means people are driving less, Tourism is down, people are flying less, etc...
I could go on and on.
But it really is Supply and Demand.
With the Economic Downturn there is less of a demand.
Here's what I think.
Gas prices were 'down' way before Bush left office!
With lower gas prices, Exxon profits are bound to drop!
Those are facts, not attributable to Bush or Obama!
It's not a Bush=bad, Obama=good world!
Supply and demand. If Bush hadn't been such an obstructionist regarding alternate energy and conservation, the demand would have gone down years ago. The Bush/Cheney oil cronies had 8 good years.
Supply and demand, the demand is not there since 10% of people are out of work.
News Flash: Steel has gone down also since China isn't buying it all for the Olympics prep.
Hope this helps.
any implications put upon the bush administration are also applicable to the obama administration, regarding oil price manipulation.
I thnk there will be many pensions in trouble now.
What everyone keeps forgetting is that the American People own Exxon through insurance, investments and pensions.
Bill O'Reilly has absolutely no idea what he's talking about on this issue.
Uh easy Oil is dropping because NO ONE is working. Have you seen the unemployment numbers? No jobs, nowhere to drive which equals less usage of Gas... It sur as hell ain't dropping because of Obama.
I think the fact that we have a glut of oil supplies coupled with reduced demand has a lot more to do with Exxon Mobil profits than anything Bush or Obama have ever done.
Much as I'd like to agree I have to go with the masses here.
No job=no commute. No commute=less gas purchased
Less gas purchases=lowered profits
I think their profits declined at the end of last year, while Bush was still in office. You must have been sleeping or something.
hey Floyd. No I see no correlation between your poor question and the dissing of A Good NON COMMIE PREZ. your gonna wanna wish he was back in 4 years!
I think that if exxon-mobil tries to gouge us again they would be investigated, unlike the last eight years.
And yet there are people who still think we should drill for more oil.
Profits are down because people aren't buying as much gas. It's that simple.
********.
All I can say is good! The sooner corporations like ExxonMobil go bust the bettereveryday eyeshadow
i think it was obvious to me where bushs loyalty lies. for the critics of this question i would ask them to watch or read bushs brain. critics will be quick to give an excuse why prices were high. yeah and the left one plays jingle bells. its easy to spin justifications out. look at the iraq war how many reasons do you remember them giving for that? think about it , if the president is willing to go to war for fabricated reasons is it a stretch to imagine him helping his cronies make bilions extra and earn himself a big bonus after his office is overBush no longer in office Exxon Oil profits drop for the first time in years!?
Really so why is President Obama looking into the Speculation that caused the price of oil to rise? President Obama is looking to create a law to prevent that from happening again.
Speculation has nothing to do with the POTUS rather Democrat Speaker Pelosi had a Choice to create legislation to block Speculation and she didn't.
The people responsible for setting oil prices were caught redhanded a couple of weeks ago setting prices at whatever they wanted to in order to make a profit. It's no surprise that prices went down. That on top of the state of the economy is the reason for the lower prices. Blaming Bush is what people do when they don't have a clue how things work.
Actually, as much as I didn't like George W. Bush, I have to say that prices are still more than double what they were before all this happened.
I think the American people fell for the ';Two steps forward, one step back'; Principle.
Raise Gas 2 dollars, and people get infuriated. Drop it one, and they are happy-not realizing that it's still far too high.
Well we have less Manufacturing, Companies are ordering less goods, as there is a lower demand for products, we have High Unemployment which means people are driving less, Tourism is down, people are flying less, etc...
I could go on and on.
But it really is Supply and Demand.
With the Economic Downturn there is less of a demand.
Here's what I think.
Gas prices were 'down' way before Bush left office!
With lower gas prices, Exxon profits are bound to drop!
Those are facts, not attributable to Bush or Obama!
It's not a Bush=bad, Obama=good world!
Supply and demand. If Bush hadn't been such an obstructionist regarding alternate energy and conservation, the demand would have gone down years ago. The Bush/Cheney oil cronies had 8 good years.
Supply and demand, the demand is not there since 10% of people are out of work.
News Flash: Steel has gone down also since China isn't buying it all for the Olympics prep.
Hope this helps.
any implications put upon the bush administration are also applicable to the obama administration, regarding oil price manipulation.
I thnk there will be many pensions in trouble now.
What everyone keeps forgetting is that the American People own Exxon through insurance, investments and pensions.
Bill O'Reilly has absolutely no idea what he's talking about on this issue.
Uh easy Oil is dropping because NO ONE is working. Have you seen the unemployment numbers? No jobs, nowhere to drive which equals less usage of Gas... It sur as hell ain't dropping because of Obama.
I think the fact that we have a glut of oil supplies coupled with reduced demand has a lot more to do with Exxon Mobil profits than anything Bush or Obama have ever done.
Much as I'd like to agree I have to go with the masses here.
No job=no commute. No commute=less gas purchased
Less gas purchases=lowered profits
I think their profits declined at the end of last year, while Bush was still in office. You must have been sleeping or something.
hey Floyd. No I see no correlation between your poor question and the dissing of A Good NON COMMIE PREZ. your gonna wanna wish he was back in 4 years!
I think that if exxon-mobil tries to gouge us again they would be investigated, unlike the last eight years.
And yet there are people who still think we should drill for more oil.
Profits are down because people aren't buying as much gas. It's that simple.
********.
All I can say is good! The sooner corporations like ExxonMobil go bust the better
Have you or know someone that has been directly affected by the 1989 Exxon Oil Spill?
What do you think about all their repeated appeals and refusal to just pay up for the damages done to Prince William Sound in Alaska?Have you or know someone that has been directly affected by the 1989 Exxon Oil Spill?
I was raised in Seward Alaska. And yeah we were directly affected by it. We were kinda poor back than, and needed the steady fishing to support our family.
I remember school shutting down, so families could volenteer clean up. My mother worked with waste removal on Nash Road, out of town.
back when I was about 16 we recieved a pathetic check of about 400 from exxon. it was to compensate the ';lack of fish we consumed from direct result of the spill.';
Prince william sound has ';recovered'; somewhat. But never to its previouse glory. You can jump on a boat and go out, and at low tides, you can still see oil in the sands.
All because a captain couldnt stop drinking.Have you or know someone that has been directly affected by the 1989 Exxon Oil Spill?
I remember hearing about it but thats it...
I know (of) a poor little bird very badly affected
by the oil spill.
Other than the wild life, no I do not.
Indirectly it has affected us all, we will ultimately end up paying for the cleanup.
I did not realize Exxon was dragging ther butts on this. Who can I write to complain to?
I was raised in Seward Alaska. And yeah we were directly affected by it. We were kinda poor back than, and needed the steady fishing to support our family.
I remember school shutting down, so families could volenteer clean up. My mother worked with waste removal on Nash Road, out of town.
back when I was about 16 we recieved a pathetic check of about 400 from exxon. it was to compensate the ';lack of fish we consumed from direct result of the spill.';
Prince william sound has ';recovered'; somewhat. But never to its previouse glory. You can jump on a boat and go out, and at low tides, you can still see oil in the sands.
All because a captain couldnt stop drinking.Have you or know someone that has been directly affected by the 1989 Exxon Oil Spill?
I remember hearing about it but thats it...
I know (of) a poor little bird very badly affected
by the oil spill.
Other than the wild life, no I do not.
Indirectly it has affected us all, we will ultimately end up paying for the cleanup.
I did not realize Exxon was dragging ther butts on this. Who can I write to complain to?
Dems have had 7 months to quit using Halliburton & Exxon oil. How many have given it up?
Probably many.
How many phony conservatives have given up Government programs like Social Security and Medicare that ';do not work';.
Who is the hypocrite?Dems have had 7 months to quit using Halliburton %26amp; Exxon oil. How many have given it up?
Yes, they are still raking in the loot, hand over fist.
We're paying for the ';rebuilding'; of Iraq, a country that has cause so much trouble with their former dictator, and now they're having tons of fun blowing up people and buildings.
Why doesn't Obama force Iraq to pay for its own rebuilding? They have billions in oil surplus money, and just whose pockets are those billions lining?
The cronyism with Haliburton and the government evidently runs deeper than just the Bush/Cheney connection.
Haliburton isn't even an American company anymore; they moved their headquarters to Dubai, to avoid American taxes and evade possible prosecution (evidently). How about using American companies, instead?
The whole thing stinks to high Heaven!Dems have had 7 months to quit using Halliburton %26amp; Exxon oil. How many have given it up?
Are you kidding me? No major party politician will cut their ties with those corporations. That is their main source of campaign funding. Both Republicans and Democrats are addicted to the dirty money game. But there are honest independent candidates out there that wouldn't take a dime from those corporations. They're hard to find but they're out there. They can't be bought. Unfortunately, that's why they probably won't get elected.
More democrats got their hands in oil than republicans, but the repubs get the blame for it.
If you don't believe me, not only is the democrats continuing the war in Iraq, they want to send MORE troops there. I thought we were bringing them home?
Either its the oil, or Bush never lied. Why don't the liberals try to wrap their illogical minds around that one?
I never heard anything about Democrats promising to give up oil, just cut back our production from the middle east. Republicans and Democrats alike are looking at drilling in the sand in Canada now that a more efficent way to do so has been found. Where have you been?
Has Dick Cheney returned to his post as CEO of Halliburton yet? ';Job well done Dick'; says a Halliburton spokesman!
Republicans have 7 months to quit clean air and medicare
i havent been to an exxon in 20 years--valdez
halliburton sells oil?
I use public transport or ride a bicycle most of the time.
I gave up Exxon over 3 yeras ago. I have just about stop buying all products made in China.
Why?
T D, you're my hero.
I don't use either.
I haven`t driven a car in nine years but I`m not a Dem.
How many phony conservatives have given up Government programs like Social Security and Medicare that ';do not work';.
Who is the hypocrite?Dems have had 7 months to quit using Halliburton %26amp; Exxon oil. How many have given it up?
Yes, they are still raking in the loot, hand over fist.
We're paying for the ';rebuilding'; of Iraq, a country that has cause so much trouble with their former dictator, and now they're having tons of fun blowing up people and buildings.
Why doesn't Obama force Iraq to pay for its own rebuilding? They have billions in oil surplus money, and just whose pockets are those billions lining?
The cronyism with Haliburton and the government evidently runs deeper than just the Bush/Cheney connection.
Haliburton isn't even an American company anymore; they moved their headquarters to Dubai, to avoid American taxes and evade possible prosecution (evidently). How about using American companies, instead?
The whole thing stinks to high Heaven!Dems have had 7 months to quit using Halliburton %26amp; Exxon oil. How many have given it up?
Are you kidding me? No major party politician will cut their ties with those corporations. That is their main source of campaign funding. Both Republicans and Democrats are addicted to the dirty money game. But there are honest independent candidates out there that wouldn't take a dime from those corporations. They're hard to find but they're out there. They can't be bought. Unfortunately, that's why they probably won't get elected.
More democrats got their hands in oil than republicans, but the repubs get the blame for it.
If you don't believe me, not only is the democrats continuing the war in Iraq, they want to send MORE troops there. I thought we were bringing them home?
Either its the oil, or Bush never lied. Why don't the liberals try to wrap their illogical minds around that one?
I never heard anything about Democrats promising to give up oil, just cut back our production from the middle east. Republicans and Democrats alike are looking at drilling in the sand in Canada now that a more efficent way to do so has been found. Where have you been?
Has Dick Cheney returned to his post as CEO of Halliburton yet? ';Job well done Dick'; says a Halliburton spokesman!
Republicans have 7 months to quit clean air and medicare
i havent been to an exxon in 20 years--valdez
halliburton sells oil?
I use public transport or ride a bicycle most of the time.
I gave up Exxon over 3 yeras ago. I have just about stop buying all products made in China.
Why?
T D, you're my hero.
I don't use either.
I haven`t driven a car in nine years but I`m not a Dem.
How do you sleep at night knowing that Exxon oil company polluted Alaska's waters in Valdez?
and not only do they not have to pay for it, you keep buying their gasoline?
How do you sleep at night knowing this?How do you sleep at night knowing that Exxon oil company polluted Alaska's waters in Valdez?
You know...
Even if you don't shop at Exxon Mobil, you might be buying their gas, based on distribution around the country...
that aside...I'll never forget an incident about a month after the Valdez...There was a fair and I went with my wife (then girlfriend) and one of her friends...they had a diving team jumping into the water...and the last dive, they put gasoline on the water and lit it...I started chanting ';Exxon, Exxon...'; the place went nuts...
I sleep at night the same way you do...I close my eyes and count oil stained birds...How do you sleep at night knowing that Exxon oil company polluted Alaska's waters in Valdez?
I lived on Kodiak Island and had subsistance crab pots out when the Exxon Valdez oil slick arrived. My name was on the list of plaintiffs, but, after 8 years of endless filling and filing afadavits and other paperwork - I got stationed on Attu Island with the military and thanks to only getting mail twice a month - missed a deadline. So my name fell off the roster of folks who were suspose to be compensated for actual damages.
I still live in Alaska and avoid Exxon and Mobil products like the plague.
It was an accident. Exxon paid about $3.5 billion for the cleanup and other fines.
The lawsuit that went to the Supreme Court was about additional damages and punitive fines. They allowed the actual damages to stand, but not the additional punitive damages. Still over $500 million.
That means Exxon paid out over $4 billion.
That's quite a lot. Or doesn't it satisfy some irrational hatred of ';Big Oil';?
And were you aware that some of Obamas biggest campaign fundraisers / bundlers are ';Big Oil'; executives?
I guess that means he should be called Oil-bama?
It was the result of one drunk captain...it was entirely one mans fault and yes they did pay for it and plenty. He personally lost his job of course and his license, admittedly a small price.
I used to be married to a merchant marine who was a captain and an idiot. He drank a lot and made many errors but fortunately no lives were lost and nothing huge ever happened. His company certainly didn't know that he drank or they would have fired him.
Believe it or not spilling oil is not the worse thing those yahoos do out there, not all but some, will throw stow aways over board so their records don't get tarnished, this is no joke...I went to a port in Africa with him once and we somehow managed to end up with 3 stow aways on board and of course didn't notice till we were well underway...they should be thankful I was there because I honestly think they would have ';disposed'; of them.
I am sure some are very good and are solid people but some are real idiots, they have no body to govern them out there, absolute power corrupts absolutely.
GOP = Big Oil
It was a 5-4 decision with all the GOP favorites voting to reduce the payout.
Unfortuately they were also following the maritime loss precedent that stated the the losses paid had to equal the amount of the actual losses. that was the basis for their decision.
And to be fair, Exxon has already paid several billion dollars in clean up fees and fines.
I do my best to protect the environment and recycle and concerve energy.
My not sleeping won't help the 20 year old situation...are you seriously implying that I should not have slept since I was 19 years old? I would not have been able to finish college, work or start my family, or do the volunteer work I have done in my community for the last 20 years! I would have been too sleepy!
Seriously - all we can do is live the best we can and live our lives in a responsible and helpful manner.
I live in valdez alaska and i sleep quite well. Are you just stupid or are you just ignorant? the people involved in that accident have been charged and are dealing with the consequences. I was only 4 years old too...
and as far as buying gas goes, no, i dont buy it. it's expensive as hell here.
in the summer time it can make sleeping kind of difficult though because of the constant daylight.
I sleep pretty good, is this the best you can do? citing an accident that happened over 20 years ago. They did clean it up and paid a fine. how do you sleep supporting people that will pass taxes to put the price of fuel so high some won't be able to afford heating oil this winter?
They have paid more then $120 Million so far... and that is not even including the settlement which is going to give every resident near there like $15k each... Some of them weren't even born when it happened...
You should study, man.
Accidents happen all the time. Clinton had a pill factory bombed once... so a bunch of kids in the middle east didn't get their medicine... Do you still sleep?
I can't believe that you care about an accident....Oh and BTW the captain does not steer the ship....You people should learn something about navigation before piping off.....I sleep just fine and drive my car everywhere that I go.......Go hug a tree Dem. Lib.
They have to pay for it. They have to pay around $500 million in compensation to those affected by the spill on top of the cleanup costs. The amount was lowered to reflect actual cost. That is for 33,000 people to split.
The same way I sleep since Big Oil took over control of Iraq's oilfields and are setting the stage to do the same in Iran. Not Well.
http://www.nytimes.com/2008/06/19/world/鈥?/a>
I sleep just fine. But then it wasn't the Corporations fault as much as it was one drunk sea captain.
His name is Hazelwood and the ship was called the Valdez BTW. The bay is called Prince William Sound.
How do you sleep at night knowing that this could happen again when we try to import oreign oil. Drill here, it's safer than importing it, now isn't it?
I sleep pretty good, thanks for asking.
Wasn't that oil spill due to the captain of the tanker ship being drunk?
And I think they have paid for it.
It was a tragic accident. Exxon will pay over $2.5 Billion.
I sleep pretty good.
They've already paid for the cleanup, fines, and recently 500 million in penalties.
I sleep quite well, thankyou
I sleep fine. I'm a Republican, ie. realist. And I realize it's an imperfect world.
i didn't even know ?
that's so sad D:
luckily i am not even old enough to have a car so i don't have to worry about feeling guilty buying their gas :)
';There is no wrong, there is no right -- and I sleep very well at night';
Was Exxon driving the boat while drinking a bottle of Jack Daniel's?
That was only 20 years ago. After the 2nd day, I was over it; I sleep well.
The Supreme Court has done worst things these past few months.
And you don't buy gasoline? I sleep fine, thank you.
Like a baby.
..while I'm sleeping I leave all my appliances on, and my 2 cars running...
Pretty well. After all, its not my fault or my problem.
How do you sleep at night knowing this?How do you sleep at night knowing that Exxon oil company polluted Alaska's waters in Valdez?
You know...
Even if you don't shop at Exxon Mobil, you might be buying their gas, based on distribution around the country...
that aside...I'll never forget an incident about a month after the Valdez...There was a fair and I went with my wife (then girlfriend) and one of her friends...they had a diving team jumping into the water...and the last dive, they put gasoline on the water and lit it...I started chanting ';Exxon, Exxon...'; the place went nuts...
I sleep at night the same way you do...I close my eyes and count oil stained birds...How do you sleep at night knowing that Exxon oil company polluted Alaska's waters in Valdez?
I lived on Kodiak Island and had subsistance crab pots out when the Exxon Valdez oil slick arrived. My name was on the list of plaintiffs, but, after 8 years of endless filling and filing afadavits and other paperwork - I got stationed on Attu Island with the military and thanks to only getting mail twice a month - missed a deadline. So my name fell off the roster of folks who were suspose to be compensated for actual damages.
I still live in Alaska and avoid Exxon and Mobil products like the plague.
It was an accident. Exxon paid about $3.5 billion for the cleanup and other fines.
The lawsuit that went to the Supreme Court was about additional damages and punitive fines. They allowed the actual damages to stand, but not the additional punitive damages. Still over $500 million.
That means Exxon paid out over $4 billion.
That's quite a lot. Or doesn't it satisfy some irrational hatred of ';Big Oil';?
And were you aware that some of Obamas biggest campaign fundraisers / bundlers are ';Big Oil'; executives?
I guess that means he should be called Oil-bama?
It was the result of one drunk captain...it was entirely one mans fault and yes they did pay for it and plenty. He personally lost his job of course and his license, admittedly a small price.
I used to be married to a merchant marine who was a captain and an idiot. He drank a lot and made many errors but fortunately no lives were lost and nothing huge ever happened. His company certainly didn't know that he drank or they would have fired him.
Believe it or not spilling oil is not the worse thing those yahoos do out there, not all but some, will throw stow aways over board so their records don't get tarnished, this is no joke...I went to a port in Africa with him once and we somehow managed to end up with 3 stow aways on board and of course didn't notice till we were well underway...they should be thankful I was there because I honestly think they would have ';disposed'; of them.
I am sure some are very good and are solid people but some are real idiots, they have no body to govern them out there, absolute power corrupts absolutely.
GOP = Big Oil
It was a 5-4 decision with all the GOP favorites voting to reduce the payout.
Unfortuately they were also following the maritime loss precedent that stated the the losses paid had to equal the amount of the actual losses. that was the basis for their decision.
And to be fair, Exxon has already paid several billion dollars in clean up fees and fines.
I do my best to protect the environment and recycle and concerve energy.
My not sleeping won't help the 20 year old situation...are you seriously implying that I should not have slept since I was 19 years old? I would not have been able to finish college, work or start my family, or do the volunteer work I have done in my community for the last 20 years! I would have been too sleepy!
Seriously - all we can do is live the best we can and live our lives in a responsible and helpful manner.
I live in valdez alaska and i sleep quite well. Are you just stupid or are you just ignorant? the people involved in that accident have been charged and are dealing with the consequences. I was only 4 years old too...
and as far as buying gas goes, no, i dont buy it. it's expensive as hell here.
in the summer time it can make sleeping kind of difficult though because of the constant daylight.
I sleep pretty good, is this the best you can do? citing an accident that happened over 20 years ago. They did clean it up and paid a fine. how do you sleep supporting people that will pass taxes to put the price of fuel so high some won't be able to afford heating oil this winter?
They have paid more then $120 Million so far... and that is not even including the settlement which is going to give every resident near there like $15k each... Some of them weren't even born when it happened...
You should study, man.
Accidents happen all the time. Clinton had a pill factory bombed once... so a bunch of kids in the middle east didn't get their medicine... Do you still sleep?
I can't believe that you care about an accident....Oh and BTW the captain does not steer the ship....You people should learn something about navigation before piping off.....I sleep just fine and drive my car everywhere that I go.......Go hug a tree Dem. Lib.
They have to pay for it. They have to pay around $500 million in compensation to those affected by the spill on top of the cleanup costs. The amount was lowered to reflect actual cost. That is for 33,000 people to split.
The same way I sleep since Big Oil took over control of Iraq's oilfields and are setting the stage to do the same in Iran. Not Well.
http://www.nytimes.com/2008/06/19/world/鈥?/a>
I sleep just fine. But then it wasn't the Corporations fault as much as it was one drunk sea captain.
His name is Hazelwood and the ship was called the Valdez BTW. The bay is called Prince William Sound.
How do you sleep at night knowing that this could happen again when we try to import oreign oil. Drill here, it's safer than importing it, now isn't it?
I sleep pretty good, thanks for asking.
Wasn't that oil spill due to the captain of the tanker ship being drunk?
And I think they have paid for it.
It was a tragic accident. Exxon will pay over $2.5 Billion.
I sleep pretty good.
They've already paid for the cleanup, fines, and recently 500 million in penalties.
I sleep quite well, thankyou
I sleep fine. I'm a Republican, ie. realist. And I realize it's an imperfect world.
i didn't even know ?
that's so sad D:
luckily i am not even old enough to have a car so i don't have to worry about feeling guilty buying their gas :)
';There is no wrong, there is no right -- and I sleep very well at night';
Was Exxon driving the boat while drinking a bottle of Jack Daniel's?
That was only 20 years ago. After the 2nd day, I was over it; I sleep well.
The Supreme Court has done worst things these past few months.
And you don't buy gasoline? I sleep fine, thank you.
Like a baby.
..while I'm sleeping I leave all my appliances on, and my 2 cars running...
Pretty well. After all, its not my fault or my problem.
Why would Exxon oil stock go down when their profits are thru the roof?
...are executives able to divert the money the company makes?Why would Exxon oil stock go down when their profits are thru the roof?
Total Exxon profits are good, but there is quite a bit of uncertainty about how long it will last. (You may have noticed that the price of oil is volatile.) Also, as a percentage of their gross, their profit margin really isn't astonishing, the total figure is high because they are an extremely large company.
Total Exxon profits are good, but there is quite a bit of uncertainty about how long it will last. (You may have noticed that the price of oil is volatile.) Also, as a percentage of their gross, their profit margin really isn't astonishing, the total figure is high because they are an extremely large company.
How much will the payouts be for the Exxon oil spill lawsuit?
Does anyone know a good source that this has already been calculated?I'm wondering amounts for each category and how much per person in that category for final payouts.Please post references.
-ThanksHow much will the payouts be for the Exxon oil spill lawsuit?
http://seattletimes.nwsource.com/html/lo鈥?/a>
This link will give you best information available
-ThanksHow much will the payouts be for the Exxon oil spill lawsuit?
http://seattletimes.nwsource.com/html/lo鈥?/a>
This link will give you best information available
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