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Gasoline Gasoline!
- Thread starter GromsDad
- Start date
So you're fine with oil companies making 30% profit margins while the rest of us keep paying more more more?
Your question is irrelevant. We have our own domestic supply and our own refineries. Other countries are at the mercy of world markets. We don't have to be.
But they're not making anywhere close to 30%. Tell me more about price gouging dumbass.
Moron still doesn't understand the world market, what you want to nationalize the oil industry like a socialist country?
and these facts show that your previous assertions about profit margin, ability of oil companies to turn a profit, and the ability of oil companies to increase production are all wrong.
these companies are literally drunk on profits. these companies have the ability to ramp up production (which, btw production is as high with biden as president as it was with chump as president). they are choosing not to increase production because the demand is so high right now and they're making stupid money. if you were a business, wouldn't you do the same?
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What Is the Average Profit Margin for a Company in the Oil & Gas Drilling Sector?
Oil industry profit margins can be volatile, ranging widely with energy prices. We look under the hood.
2 wild charts show how Big Oil profits are skyrocketing as prices at the pump rise
Oil companies are raking in the largest quarterly profits in a decade, raising concerns that the sector is using high gas prices to gouge customers.
www.businessinsider.com
Largest oil and gas producers made close to $100bn in first quarter of 2022
Shell made $9.1bn in profit, almost three times what it made in the same period last year, while Exxon raked in $8.8bn
www.theguardian.com
Was the oil and gas industry nationalized when the United States was getting all of its oil domestically? Were companies like Texaco, Pennsoil, Seneca Oil? You do realize that before WWII the Saudis had no oil industry? We got our oil from Texas, California, Oklahoma, Pennsylvania, Ohio, and a bit from Canada......none of which was nationalized.
You just don't want domestic production because you're a moron green cultist.
#gromsdad #selfowns #alldaywrong
I love how he put up a chart and called it a day....lol "we have our own refineries"
so I guess GromsDad thinks the president now could/should tell corporations how to produce their product, where to sell it, and at what price holy fk how stupid can you possibly be?!
Did you think this made sense when posted it?, As incoherent and just plain wrong as the gibberish spewed by your cult leader. You are just not equipped to argue politics with even a speck of intelligence or honesty. Find a new hobby and a shrink.
There wasn't a world market for oil then like there is now. Are you suggesting that we disassociate the USA from the world oil market? How is that going to work, exactly? I'd like to know, how is the government going to get somebody like Exxon to sell its domestically produced crude for less money here that it could get on the world market?
Such a shameless hypocrite. I would pity you but on you are such a dishonest asshole on top of obvious mental deficiencies.
NO!!!! I'm suggesting that we unleash our domestic oil industry and dominate the world oil market. That we use American resources and technology and remove the government imposed impediments to do it.
Democrat are 100% opposed to us drilling here at home but its inconvenient to admit or stand behind that viewpoint right now so we get more spin than one of Biden's windmills.