Lisa

Utica, NY

#21 Jul 24, 2013
Da Law wrote:
<quoted text>
And both State and Federal government is reaping a tax benefit 2X to 5X that. Every second.
Please, tell me more about "greed".
Exactly my point, middle class is a dying breed. My point on the thread I started is why are gas prices so high when a little less greed from the greedy would make it a little more affordable. Do you really need to profit four thousand dollars every second of every day? That's just one example, I'm sure there are many more.
Cliffy B

Utica, NY

#22 Jul 24, 2013
Lisa wrote:
<quoted text> My point on the thread I started is why are gas prices so high when a little less greed from the greedy would make it a little more affordable.
So what do you think is a "fair" profit margin? Obviously, 6.5% is too high, at least by your standards. Should we legislate a margin of 5% or less? Just confiscate the excess beyond that? Should those limits on "greed" apply to professionals like doctors and lawyers?
thoughts

Utica, NY

#23 Jul 24, 2013
Lisa wrote:
<quoted text>
Exactly my point, middle class is a dying breed. My point on the thread I started is why are gas prices so high when a little less greed from the greedy would make it a little more affordable. Do you really need to profit four thousand dollars every second of every day? That's just one example, I'm sure there are many more.
It's called capitalism. Maybe you should move to North Korea if you would rather live in a communist state.
cormac

Utica, NY

#24 Jul 24, 2013
I don't think Lisa understands the idea of business and profits.

A 6.5% profit margin is pretty average for most businesses if they survive after the first couple of years.

The oil companies invest heavily in labor, leasing, transportation etc. They employ millions of workers doing dangerous work so that you can run to the grocery store. They also sell huge volumes of petroleum and that accounts for the profits they make.

Virtually every pension fund is invested in heavily in oil company stocks whose profits help pay for retirees pensions.

Why would you want to starve old pensioners in their dotage so that you can jump into your car and drive somewhere?

Why are you so greedy Lisa? Why do you want to hurt pensioners?
Lisa

Utica, NY

#25 Jul 24, 2013
The five biggest oil companies earned a combined profit of $375 million per day, or a record $137 billion profit for the year, in 2011, despite reducing their oil production.

In 60 seconds, these five companies earned $261,000 — more than 96 percent of American households make in one year.

These five oil companies received $6.6 million in federal tax breaks every day.

In 2011, the three largest domestic public oil companies spent $100 million of their profits each day, or over 50 percent, buying back their own stock to enrich their board, senior managers, and largest share holders.

The entire oil and gas industry spent on average $400,000 each day lobbying senators and representatives to weaken public health safeguards and keep big oil tax breaks, totaling nearly $150 million.

Each CEO of the Big Five companies received an average of $60,110 in compensation per day last year. On average, their pay jumped 55 percent in 2011. Exxon CEO Rex Tillerson’s compensation came close to $100,000 per day last year.
Da Law

Ilion, NY

#26 Jul 24, 2013
Lisa wrote:
The five biggest oil companies earned a combined profit of $375 million per day...
Cutting and pasting from Thinkprogress doesn't really qualify as discussion, much less debate.

Is there a particular reason you refuse to respond to any questions? I'm sure we're not the only ones who would like to hear your solutions to these excessive profits.
BS

Utica, NY

#28 Jul 24, 2013
Lisa wrote:
The five biggest oil companies earned a combined profit of $375 million per day, or a record $137 billion profit for the year, in 2011, despite reducing their oil production.

In 60 seconds, these five companies earned $261,000 — more than 96 percent of American households make in one year.

These five oil companies received $6.6 million in federal tax breaks every day.

In 2011, the three largest domestic public oil companies spent $100 million of their profits each day, or over 50 percent, buying back their own stock to enrich their board, senior managers, and largest share holders.

The entire oil and gas industry spent on average $400,000 each day lobbying senators and representatives to weaken public health safeguards and keep big oil tax breaks, totaling nearly $150 million.

Each CEO of the Big Five companies received an average of $60,110 in compensation per day last year. On average, their pay jumped 55 percent in 2011. Exxon CEO Rex TillersonÂ’s compensation came close to $100,000 per day last year.
Since we all seem to agree that oil co profits are around 6%( which is lower than a lot of industries) and their profits were $137B, that means they spent over $2 Trillion (that's $3.8 million in 60 secs)
Rick

Holland Patent, NY

#29 Jul 25, 2013
Solutions? Make your own car engine that runs on peanut oil? make your own carburetor that delivers 100 to 1000 miles per gallon? Hydrogen systems (HHO) that boost mileage... There are solutions but that involves opening up your car's hood and getting your hands dirty - or you could just open your wallet wider and keep your hands clean...
kendra

Utica, NY

#31 Jul 25, 2013
What's your point? If you can't afford gas, maybe you should drive less, use public transportation, or buy a hybrid.
teo

Liverpool, NY

#32 Jul 25, 2013
Da Law,

It does seem that Lisa is cutting and pasting from some lefty propagandist's screed. I get the feeling that she is a college student who has had her brain scrambled by the agitprop that passes for education these days. A friend's granddaughter is in her junior year in high school and one of her textbooks is Howard Zinn's incredibly awful "A People's History of the United States".

Zinn's communist take on American history is being use in a public school!

It is obvious that Lisa has gone through a thorough indoctrination into the leftist view of the world.

Lisa,

As was suggested before perhaps you should walk more or take public transportation to relieve your burden.

Or maybe take a basic business or economics course to learn how markets work. It might be a nice addition to your "Womyn's Studies" major.

Level 3

Since: Jul 10

Location hidden

#33 Jul 25, 2013
Lisa wrote:
While we pay close to four bucks a gallon. Yet another example of corporate greed. When will the average person stop paying the price for everything?????
Why don't you whine and bitch about the massive profits (and miniscule taxes) raked in by Apple? At least the oil companies are providing products that are NEEDED by modern society. Apple makes "nice to have" items that people can waste time updating their Facebook accounts and playing games on.
cormac

Utica, NY

#35 Jul 26, 2013
Lisa,

Today it was announced that Mark Zuckerberg, the founder of Facebook made 3.8 billion in one day (yesterday).

I am awaiting your screed against him because he just made the oil companies look like a bunch of pikers and he is making billions from a product that has absolutely zero value in the real world. At least the oil companies produce a product that is not only useful but it is also necessary for the modern world to operate.

Perhaps the next time you need to fill up your car or heat or cool your house you can do it with "Facebook" postings.

After all they are free! That would show those evil oil companies what's what.
Lisa

Utica, NY

#36 Jul 26, 2013
I'm getting very tired of trying to prove my point. Here's something that might help that I found,

Still the big five oppose ending their taxpayer handouts. Many of those same oil industry leaders oppose actions that would save consumers money at the pump. Former Shell Oil CEO and founder of Citizens for Affordable Energy, John Hofmeister, for example, opposes selling a small amount of reserve oil from the nearly full U.S. Strategic Petroleum Reserve to lower gas prices, which would provide some relief to drivers. And why wouldn’t he be against such a move? Lower gas prices mean lower profits for Shell. The company’s current CEO, Peter Voser, made $13 million in executive compensation in 2010. The other four CEOs made a combined $40 million in 2010, and will likely have made more in 2011.

Instead of using their outrageous profits to invest in alternative energy sources or create jobs, the big five and other oil and gas firms spent more than $146 million lobbying Congress last year. The big five oil companies alone spent more than $18 million on federal campaign contributions. Ninety percent of these contributions went to Republican candidates and 10 percent to Democrats. Many of these politicians were the loudest defenders of oil tax breaks.
Lisa

Utica, NY

#37 Jul 26, 2013
cormac wrote:
Lisa,
Today it was announced that Mark Zuckerberg, the founder of Facebook made 3.8 billion in one day (yesterday).
I am awaiting your screed against him because he just made the oil companies look like a bunch of pikers and he is making billions from a product that has absolutely zero value in the real world. At least the oil companies produce a product that is not only useful but it is also necessary for the modern world to operate.
Perhaps the next time you need to fill up your car or heat or cool your house you can do it with "Facebook" postings.
After all they are free! That would show those evil oil companies what's what.
What a ridiculous post on your part. http://www.google.com/url...
Karl Marx

New York, NY

#38 Jul 26, 2013
Lisa wrote:
<quoted text>
What a ridiculous post on your part. http://www.google.com/url...
Lisa,why should the NY State Dept of Taxation take in more per gallon of gas than the people who invest, explore, discover, extrapolate, refine, and then deliver the gas you use in your auto?

I anxiously await your answer.
Da Law

Ilion, NY

#39 Jul 26, 2013
Lisa wrote:
I'm getting very tired of trying to prove my point. Here's something that might help that I found.
And yet again you do a simple cut and paste from ThinkProgress.

Do you have so little confidence in your beliefs that you can't defend them in your own words? Or are you just too lazy to actually put forth any effort to defend your supposition?
Da Law

Ilion, NY

#40 Jul 26, 2013
Lisa wrote:
<quoted text>
What a ridiculous post on your part.
So any level of profit is acceptable if you donate 1/32 of your profit to charity? Is that what you're saying?
Lisa

Utica, NY

#41 Jul 26, 2013
Wow guys, REALLY!!! So I post the facts that back up my original post, and nobody can agree with me. They oppose action that would save consumers at the pump because it would cut into their profits. But according to you guys, that's not corporate greed. They spent millions backing candidates that support oil tax breaks, but that's not a greedy agenda, give me a break!! They don't give a shit about us, their to busy counting their money. They can do something to help us, but they clearly choose not to!! So keep defending them my friends, you will never convince me to believe you.
Lisa

Utica, NY

#42 Jul 26, 2013
cormac wrote:
Lisa,
Today it was announced that Mark Zuckerberg, the founder of Facebook made 3.8 billion in one day (yesterday).
I am awaiting your screed against him because he just made the oil companies look like a bunch of pikers and he is making billions from a product that has absolutely zero value in the real world. At least the oil companies produce a product that is not only useful but it is also necessary for the modern world to operate.
Perhaps the next time you need to fill up your car or heat or cool your house you can do it with "Facebook" postings.
After all they are free! That would show those evil oil companies what's what.
This post makes little sense to me. Mark was just your average college student that started a chat room called Facebook. He had no idea what it would eventually turn into. At least he's donating over $500,000,000 to help towards education that will benefit many throughout the years. That's a class act in my book!!
done deel

Utica, NY

#43 Jul 28, 2013
looks like lisa shut you's up petty quickly lol

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