Re: Price fixing among tire manufacturers

One would suspect consumers would be more worried about who makes the largest profit from each gallon of gas they buy. It is NOT the oil company, who has all of the money invested in getting the gas to you, in fact the oil company is not even the second highest profiteer LOL

My Name Is Nobody wrote: >>> My Name Is Nobody wrote: >>>> Oh for Christ sake, Bill, your distinction is MEANINGLESS! >>>> >>>> *PERCENTAGES*? If you want to talk percentages, feel free to produce >>>> them, we will look at your percentages. They won't change the >>>> conversation. Big oils profits are obscene, period. Twisting the data >>>> around won't change that. >>> The oil industry has operating margins of about 10.56% average >>>
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- click on Competitors on the left >>> hand side). The electric utility industry has operating margins of about >>> 15%
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click on competitors). >>> Microsoft has operating margins of about 37%.>>> >>> Speaking of percentages, about $2.2 B of ExxonMobil's profit came from >>> the US, and about $7.2 B came outside the US, so more than 70% of >>> ExxonMobil's profit comes from outside the US. >>> >>> Based on this, I would say that the percentages are right in line. The >>> only reason why ExxonMobil's profit is much is that ExxonMobil is a huge >>> company, with operations all over the world. They pump out of the ground >>> over 2,600,000 barrels of oil a day. Do you really think that they >>> should be doing this for free? They have to explore for oil, drill for >>> oil, pump the oil out, transport the oil, refine it into gasoline and >>> other products, and then sell it. Exploration and drilling are very >>> complex and expensive operations, often in very difficult places, miles >>> out from shore or in very cold places. >>> >>> What do you expect? Them to do this for free? >>> >>> Before you call profits obscene, tell why the profits are obscene. The >>> number are very big. But so are the costs and the numbers in terms of >>> product (crude oil, gasoline, heating oil, natural gas) delivered. >>> >>> ExxonMobil and the other oil companies are in business to make money. >>> They invest billions of dollars in exploration and drilling. They >>> deliver 100,000,000 gallons of crude oil every day. Gee, I don't expect >>> them to do this for free. >>> >>> Jeff >>> >>>>> Well - once again, someone who wants to kick dust up about the oil >>>>> company profits disappear when you ask them to talk *PERCENTAGES* (or >>>>> margin) instead of raw dollars. I'm no fan of the oil companies >>>>> either, but regardless of the subject or what "side" you're on, at >>>>> least be honest. >>>>> >>>>> Just so everyone's awareness/sensitivity is raised: Whenever a >>>>> politician starts talking about oil company profits, *NOTICE* that >>>>> they will *only* talk raw dollars, and *NEVER* mention percent profit >>>>> (because then they can't spin people up on emotion rather than fact). >>>>> I heard John Edwards do it just within the last two days. >>>>> >>>>> Bill Putney >>>>> (To reply by e-mail, replace the last letter of the alphabet in my >>>>> address with the letter 'x') >> >> >> I'm sure with your attitudes, the blatant thievery going on in Russia's >> newly privatized energies industries is perfectly acceptable to you >> too... Sheesh... > > No, it isn't. I don't buy gasoline from Luk Oil or Getty Oil (which is > owned by Luk Oil). > >> Where do the many billions of dollars in US tax payer provided OIL >> industry subsidies fit into your accounting scheme? > > What subsidies? > >> No other industry gets over a trillion a year in subsidies while pulling >> in a hundred billion in profits. > > Evidence for these subsidies, please. > >> Big oil companies are swimming in a sea of record-breaking profits while >> American consumers and taxpayers pay the price. In 2005, the world's >> biggest oil companies reported a combined $111 billion in profits. In the >> first three quarters of 2006 they reported more than $94 billion. >> >> Here are some *PERCENTAGES* for you! >> >> ExxonMobil 2005 Profits $36.1 billion % increase from 2004 43 % >> Royal Dutch Shell 2005 Profits $25.3 billion % increase from 2004 37 % >> BP 2005 Profits $22.3 billion % increase from 2004 30 % >> ConocoPhillips 2005 Profits $13.5 billion % increase from 2004 66 % >> Chevron Texaco 2005 Profits $14.1 billion % increase from 2004 6 % >> >> >> SPIN that Bill. Dollar or percentages, the oil industries profits are >> indeed OBSCENE. > > What is wrong with an increase in profit year over year? Of all that > profit that the big oil companies made, how much was made from products > sold in the US? > > And how about ExxonMobil's latest quarterly earnings growth (year over > year) of -10.30%. Gee, they didn't make as much money. > > You're wrong about the profits being obscene. Most of the profits are from > overseas. And, the profits the companies make are right in line with the > profits utilities makes. > > Jeff >
Reply to
Mike hunt
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Why would they be worried? Are they afraid that one of the people in the chain are going to run out of money?

Why don't you please share your knowledge and tell us who are the biggest profiteers from gasoline, after the taxes paid to the governments (state, federal and local)?

The industry profit margin is about 10%, which would be about $0.25 per gallon of gas (tax is around $0.40 and varies by state). (It's really hard to estimate, but the cost of refining, distribution and marketing and profit at these stages) is about 19%, so the number seems reasonable.

And please don't suggest that the gas station owner is the biggest profiteer. Their margins are very low.

Jeff

Reply to
Jeff

It appears you answered your own question. The federal government gets more of your mony per gallon than anyone else, from the profit stream. The state(s) governments get the second most. The station owner is earning about what they earned when gas was 50c, around 7c ;)

Reply to
Mike hunt

Of couse the do but what does tha have to do with the so called high profits earned by the oil companies?

Reply to
Mike hunt

What a surprise: You're wrong. In most states, the state tax is higher than the federal tax. And oil companies make a higher profit (about 10%) than either the federal government or the states.

Considering that the state and federal government pay billions of dollars to maintain the roads, the net profit, when considering the billions of dollars that are used to maintain the roads and build new roads is much less.

Furthermore, the profit that gas stations make is the gross profit. When you account for the cost of operating a gas station, the profit is much smaller or even non-existent. On of the big cost of operating a gas station is the cost of doing credit card transactions, which can come to more than 10 cents per gallon.

I have no problem with the federal and state governments getting money to repair roads, gas station owners making a profit and the oil companies making a fair profit, as well.

Jeff

Jeff

Reply to
Jeff

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