Fezziwig
SF bay
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LindsayRichards wrote:Exxon anounced a 66% drop in profits this year. Their total federal taxes paid amounted to about what the bottom 50% of American taxpayers paid into the system. (about 4% of the total). Maybe they will get a bailout.
Where can I read about this?
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LindsayRichards
Tavares, FL
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It is all over the internet, but here is one link. The business sites will have more detail.
http://money.cnn.com/2009/07/30/news/companies/XOM_earns/?postversion=2009073010
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Fezziwig
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I looked at the citation, but all it contained was the news of the profit drop.
Where does this come from:
"Their total federal taxes paid amounted to about what the bottom 50% of American taxpayers paid into the system. (about 4% of the total)."
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lwmuddy
Wallingford,PA
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Aren't made up statistics a Hoot?
So, is the 66% drop actually a drop or is just a reduction of the recent upward increases that are on a downward spiral?
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Fezziwig
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I just noticed that gas prices are down, and have been down for a while, and we haven't drilled one new drop of oil in Alaska or the OCS.
How can it be? What happened to "drill, baby, drill"?
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RV-1/2n-FUN
FL.
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Fezziwig wrote:I just noticed that gas prices are down, and have been down for a while, and we haven't drilled one new drop of oil in Alaska or the OCS.
How can it be? What happened to "drill, baby, drill"?
Look again. If your gas prices haven't been going up they soon will be and to the tune of 20 cents per gallon at least. Within the last 2 weeks we have had a 20 cent increase and I expect a little more.
Look at what NYMEX RBOB Gasoline Futures Close is doing.
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LindsayRichards
Tavares, FL
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Quote:How can it be? What happened to "drill, baby, drill"?
World pricing of oil and it's products is a little more complicated that this statement indicates.
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The Texan
Summer: Cascade, Idaho - Winter: A Warm Climate
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RV-1/2n-FUN wrote:Fezziwig wrote:I just noticed that gas prices are down, and have been down for a while, and we haven't drilled one new drop of oil in Alaska or the OCS.
How can it be? What happened to "drill, baby, drill"?
Look again. If your gas prices haven't been going up they soon will be and to the tune of 20 cents per gallon at least. Within the last 2 weeks we have had a 20 cent increase and I expect a little more.
Look at what NYMEX RBOB Gasoline Futures Close is doing. Ours went up 3 cents last week, but have started dropping again. With the price of oil going down I really don't foresee an honest increase in pump price, a gouge by some stations, but not an honest increase.
Bob & Betsy - USN Ret'd '78 & FL LEO Ret'd '03 & FT Class of 2002
'05 HR Endeavor 40PRQ, 400 Cummins -With-'05 GMC Sierra SLT, CC, Z-71, the pusher & our '07 Arctic Cat 500A & '08 Suzuki KQ 400A, riding in the pusher.
Where the wheels are stopped
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Nascarcruzin
Home is where the RV is parked.
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FTC Cracks Down on Oil Market Manipulation
It's ABOUT time!
Ronnie
Ronnie & Rebecca
Check out our adventures:
Travel Journal Enter the password - 12345
2008 Alaskan adventure
2009 Northeast coast and Canadian Maritimes
1999 Holiday Rambler Imperial 40WDS
FMCA #388387
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Fezziwig
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LindsayRichards wrote:Quote:How can it be? What happened to "drill, baby, drill"?
World pricing of oil and it's products is a little more complicated that this statement indicates.
It sounded so simple when all we needed was "drill baby, drill".
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