- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Texas economy is cratering
Posted on 3/30/15 at 11:56 am to LSUcjb318
Posted on 3/30/15 at 11:56 am to LSUcjb318
quote:you know if something revolutionary happens, big oil will do everything in their power to halt its growth until they can find a way to own it and make money from it.
Yes with respect to price, but they will never power an 18 wheeler to haul goods across the country with an electric motor.
Have more faith in science. It can be done now. Just not cost efficient yet. Give it time.
I really feel this happens in many fields from Oil and newer fuels to pharmaceutical companies halting research on something that could be life changing.
2
Posted on 3/30/15 at 11:57 am to Pavoloco83
quote:
frick the oil companies.
Nearly everything in your life is dependent on petroleum, from the power to cool your home, to fuel in your car, to the plastics that everything is packaged in and/or built from. Without petroleum we'd have a considerably lower quality of life.
I also don't get the bashing of Texas' economy. Isn't this America? Why are we rooting for our brothers to fail?
Posted on 3/30/15 at 11:57 am to Tommy Wayne
quote:
Hard to feel sorry for oil/gas companies making 20-25 billion profit a quarter when they were fricking us with $3.75 a gallon gas
how exactly were they fricking you? do you feel the same way about other commodities that fluctuate in price? How do you feel about beef or milk, corn or soybeans, hell even orange juice? they all fluctuate in price. Yet I bet you don't feel like you're getting screwed by those who produce them.
Posted on 3/30/15 at 11:58 am to IT_Dawg
quote:
Exxon Mobil reported a quarterly profit of nearly $16 billion Thursday -- the highest ever for a U.S. corporation.
This is great news! At least twenty percent of that went to tax, also millions of pensions and retirement accounts benifit from such a strong prosperous company
Posted on 3/30/15 at 11:59 am to CarRamrod
quote:
big oil will do everything in their power to halt its growth
Evil Big Oil has done the opposite. They have greatly increased production which has created this glut that has lowered the price of the very commodity that they produce. They are also heavily invested in alternative energy sources. Posted on 3/30/15 at 11:59 am to Lithium
How much?
Posted on 3/30/15 at 12:01 pm to tankyank13
LINK
Whats funny is he didn't quote is that almost half of that was due to an asset sale. Exxon's profits actually down 21% from last year.
Whats funny is he didn't quote is that almost half of that was due to an asset sale. Exxon's profits actually down 21% from last year.
Posted on 3/30/15 at 12:02 pm to CarRamrod
quote:
you know if something revolutionary happens, big oil will do everything in their power to halt its growth until they can find a way to own it and make money from it.
I really feel this happens in many fields from Oil and newer fuels to pharmaceutical companies halting research on something that could be life changing.
so what if they do? Neither pharma nor oil companies are in this for public service. I'm sure you (or your boss) would/will do what you can to protect your market share. Why can't pharma and oil do the same?
Posted on 3/30/15 at 12:02 pm to tankyank13
quote:
This is great news! At least twenty percent of that went to tax, also millions of pensions and retirement accounts benifit from such a strong prosperous company
They also made a ton from tax credits and selling off operations to a foreign country....
quote:
But this quarter's massive number includes $7.5 billion from "divestments and tax-related items," partly from the sale of refining and chemical operations in Japan.
Posted on 3/30/15 at 12:06 pm to stevengtiger
Here are some interesting facts from 2011 I found, what would be more troubling to me, then profit of a company, is the waste gov't has done with all these taxes paid
quote:
In 2011, ExxonMobil had tax expenses in the United States of more than $1 billion a month – every monthOur total 2011 U.S. tax expenses were $12.3 billion, which included:$3.6 billion in U.S. income taxes$5.6 billion in sales-based taxes$3.1 billion in other taxes, such as property and excise taxes.In 2011, our $12.3 billion in tax expenses in the United States exceeded our $9.6 billion of earnings in the United States.Over the past five years, ExxonMobil’s total U.S. tax expense was $57 billion, which is $18 billion more than the company earned in the United States during the same period.
Posted on 3/30/15 at 12:07 pm to Jim Rockford
A bunch of oil field company accountants just got laid off too.
Sad, but they need to get rid of their Camry and just use public transportation and live within their means anyway. Being an accountant has its ups and down.
Sad, but they need to get rid of their Camry and just use public transportation and live within their means anyway. Being an accountant has its ups and down.
Posted on 3/30/15 at 12:10 pm to Tommy Wayne
quote:
Sooo, you dont think these companies has any affect on this "market" you're speaking about?? Im totally sure there is no manipulation going on.
Oh, they do, alright. Their overproduction is causing the price of oil to tank. They could all stop producing to drive the price of oil up, but then they wouldn't make money and go bankrupt. See how it works?
Posted on 3/30/15 at 12:14 pm to LSUAlum2001
quote:
The $14 billion GTL projects is dead for now.
Just trust me that it will still happen.
Posted on 3/30/15 at 12:15 pm to Pavoloco83
quote:
Lower gas prices sure helps my family. frick the oil companies. Especially BP
I think some people here are borderline retarded.
frick the oil companies! Nevermind that my family uses their products routinely, and that they don't determine the price of their products. frick them!
Posted on 3/30/15 at 12:15 pm to IT_Dawg
quote:
and now they are whining and complaining about the price of oil
While there is concern amongst the industry, where is the whining? Is the industry whining and crying for a bailout like the financial, airline and auto industries?
Posted on 3/30/15 at 12:15 pm to MyNameIsNobody
He's sweating it out now
Posted on 3/30/15 at 12:16 pm to IT_Dawg
It dawg they put the I so close to the E on this phone
they put the I so close to the E on this phonePosted on 3/30/15 at 12:17 pm to ragincajun03
quote:
Is the industry whining and crying for a bailout like the financial, airline and auto industries?
No one in the industry will tell you that oil prices "should" be hire. Mainly just worried about losing their jobs or getting less work.
Posted on 3/30/15 at 12:18 pm to The First Cut
quote:
I also don't get the bashing of Texas' economy. Isn't this America? Why are we rooting for our brothers to fail?
Because judging by Jim Rockford's posts, his girlfriend was boning either someone from TX or someone in the oil & gas industry behind his back.
Page 5 of 14
Popular
Back to top
Follow TigerDroppings for LSU Football News