Originally posted by 442OLDS: In 2020,Exxon lost $22.4 BILLION.
Exxon dropped from $61.37 to $33.71 in 2020 now $99.37 , Made over $23 billion in 2021, and double profits from January to April in 2022 . Not bad guys but not helping, I know a few retailers and there Margins have not grown . So only ones taking advantage must be the the distributors. But you guys must know more than me, so post more about what’s driving this.
Well,this is what I think helps explain it.But if you happen to be a Biden supporter,you will not agree with the article.And this article is almost 3 months old.
That’s a good read, And I do not support Biden in anyway
HAVE THEY CALLED US YET ? THEY HAVE!!!
June 03, 2022, 03:43 PM
Mike Rietow
That's not a good read, it's bullchit fake news like all news. It pretends this is all random, when it's planned and an agenda.
It's 2008 bailouts 2.0 just before that collapse.
Same as this is BAILOUTS for the rich.
Come on man, this isn't rocket science.
They're lining the pockets of the rich, prior to the upcoming collapse.
They couldn't do the bailouts in the same fashion again. Even the TV brainwashed would catch on to that.
This message has been edited. Last edited by: Mike Rietow,
June 03, 2022, 04:11 PM
Mike Rietow
That story reads like it's all random and biden and the democrats are responsible.
If that were the case, where are the republicans on capital hill pointing out it was Biden who has ended / cut /slashed domestic production and is in the process of bankrupting this country? Which is impeachable.
If all this was random, republicans would be impeaching Biden.
Is there anything biden can do to this country, to get impeached? That's what everyone should be asking themselves.
If the republicans just say he's stupid everyday on TV, like they've been doing, and don't impeach him, they're as guilty as biden is.
June 03, 2022, 05:39 PM
442OLDS
quote:
Originally posted by Mike Rietow: That story reads like it's all random and biden and the democrats are responsible.
If that were the case, where are the republicans on capital hill pointing out it was Biden who has ended / cut /slashed domestic production and is in the process of bankrupting this country? Which is impeachable.
If all this was random, republicans would be impeaching Biden.
Is there anything biden can do to this country, to get impeached? That's what everyone should be asking themselves.
If the republicans just say he's stupid everyday on TV, like they've been doing, and don't impeach him, they're as guilty as biden is.
I'll bet a lot (most) of these politicians own thousands of shares of Exxon Mobil stock. They don't want him impeached.They are loving it.
June 03, 2022, 09:09 PM
ferndaleflyer
And if they impeach him we get stuck with whats her name, the vice president.
June 14, 2022, 07:29 PM
J178RED
quote:
Originally posted by SlyFox: The oil companies are not the bad guy here.
The oil companies are not the bad guys but since January Exxon stock up by 63% while the Dow Down by 17% . Can you explain that to me
HAVE THEY CALLED US YET ? THEY HAVE!!!
June 14, 2022, 09:10 PM
Bucky
quote:
Originally posted by J178RED:
quote:
Originally posted by SlyFox: The oil companies are not the bad guy here.
The oil companies are not the bad guys but since January Exxon stock up by 63% while the Dow Down by 17% . Can you explain that to me
That following some real down quarters. It's a tough pill to swallow when they recover now. But if not now.....when? Biden has declaired war on oil. They have to keep healthy. Plus, they are spending less money now, since they can't put holes in the ground. Another thing is, even though all this is relevant with their profits. What you are referring to is what their stock is trading at. That is more about what people are willing to pay for their stock, and not always aligning with their profitability.
Are they using a time of record high prices to make up for record low ones? Probably. Do they owe it to their stockholders to do so? Maybe.
Foxtrot Juliet Bravo
June 14, 2022, 09:14 PM
Mike Rietow
quote:
Originally posted by J178RED:
quote:
Originally posted by SlyFox: The oil companies are not the bad guy here.
The oil companies are not the bad guys but since January Exxon stock up by 63% while the Dow Down by 17% . Can you explain that to me
The dow is whatever the plunge protection team determines it will be.
Google plunge protection team, enlighten your mind.
June 14, 2022, 09:53 PM
J178RED
If you look at a two year period you would find Exxon is up 103.86 % while the Dow for that period is up 17.86% so I just don’t know how this is happening! But would like to know. Just asking questions, last comment coming from MIke is funny
HAVE THEY CALLED US YET ? THEY HAVE!!!
June 14, 2022, 10:22 PM
Trans Lady
quote:
Originally posted by J178RED: If you look at a two year period you would find Exxon is up 103.86 % while the Dow for that period is up 17.86% so I just don’t know how this is happening! But would like to know. Just asking questions, last comment coming from MIke is funny
Oil companies do not set the price of oil, the buyer of oil does. And when Biden signed executive orders and establish policies to shut down domestic oil production and make a commodity scarce, of course that will drive prices up.
June 14, 2022, 10:55 PM
Mike Rietow
quote:
Originally posted by J178RED: If you look at a two year period you would find Exxon is up 103.86 % while the Dow for that period is up 17.86% so I just don’t know how this is happening! But would like to know. Just asking questions, last comment coming from MIke is funny
So this man handled the entire economy during the Reagan administration.
His supply side economic theory brought the US out of stagflation.
You should already be aware of the plunge protection team, but here you go.
June 15, 2022, 06:49 AM
SlyFox
quote:
Originally posted by J178RED:
quote:
Originally posted by SlyFox: The oil companies are not the bad guy here.
The oil companies are not the bad guys but since January Exxon stock up by 63% while the Dow Down by 17% . Can you explain that to me
Yes I can. Oil companies, like any business, will charge whatever price the market will bear, and will maximize profits for owners/shareholders. That's their job. Just like any person here will charge the maximum price they can get when they go to sell their home, race car, whatever. This is rational behavior.
Biden/Democrats created the $h!t$how by cutting off pipelines, restricting drilling and exploration, slow-walking new refineries, etc, thus restricting the supply of fossil fuels. Since virtually every single product we consume rides on a truck at some point to reach the consumer, this is rippling through the entire economy.
The Democrats announced their intention to wage war on fossil fuels, so if you voted Dem, this is exactly what you voted for. Enjoy the ride.
Mike
June 15, 2022, 06:51 AM
SlyFox
And if you think greedy oil companies are reaping unfair profits, you can buy stock in oil companies and those excessive profits become YOUR excessive profits.
Mike
June 15, 2022, 08:13 AM
Curly1
Someone mentioned Government bailouts in 2008. Well around 1978 under Jimmy Carter they passed a law saying you could not discriminate against anyone on home loans because of color. We agree on that. Then in 1993 under Bill Clinton and Janet Reno they threatened the banking industry with massive fines and restrictions if they did not give Low Interest, Zero Down "Loans" to Blacks. What happened there is literally millions of people "Bought" a house with Zero down and never made a payment. Takes 18 months of free living to foreclose and get them out. Then they went and did it again some where else. Was considered as Reparations. That killed the Housing and Banking industries and both George W Bush and the Ballsack Obama were forced to bail them out.
That was another Democrat bailout to a problem THEY CREATED!
Just like our gas prices right now this is a problem they CREATED and I do not trust them to fix it because they do not want it resolved.
Biden said the other day not to worry about Gas Prices because we will be all Electric by 2024.
They have no intention of lowering gas prices it is part of the plan to force the New Green Agenda up us.
Sure they will try to blame Trump, Putin or who ever but this is a problem they created and we all know it.
https://postimg.cc/gallery/np3zpruo/ "Dunning-Kruger Effect" -a type of Cognitive bias where people with little expertise or ability assume they have superior expertise or ability. This overestimation occurs as a result of the fact that they do not have enough knowledge to know they don't have enough knowledge.
Before you argue with someone ask yourself, "Is this person mentally mature enough to grasp the concept of a different perspective?" If not there is no point to argue.
4X NE2 CHAMPION. 2020 TDRA NE2 Champion
June 15, 2022, 08:20 AM
Mike Rietow
quote:
Originally posted by SlyFox: And if you think greedy oil companies are reaping unfair profits, you can buy stock in oil companies and those excessive profits become YOUR excessive profits.
Biden delivered for Big Oil.
Obama delivered for insurance companies (Obama care)
W Bush delivered for the military industrial complex.
Clinton delivered for the establishment by deregulating the FCC to consolidate all the info we the people get. All mainstream media is controlled by one conglomerate (brainwashing)
These people are all relatives (family)
June 15, 2022, 08:30 AM
SlyFox
Current oil company profits are an unintended consequence of Biden's $h!tshow policies. He's not that smart.
Mike
June 15, 2022, 08:36 AM
wideopen231
quote:
Originally posted by Curly1: Someone mentioned Government bailouts in 2008. Well around 1978 under Jimmy Carter they passed a law saying you could not discriminate against anyone on home loans because of color. We agree on that. Then in 1993 under Bill Clinton and Janet Reno they threatened the banking industry with massive fines and restrictions if they did not give Low Interest, Zero Down "Loans" to Blacks. What happened there is literally millions of people "Bought" a house with Zero down and never made a payment. Takes 18 months of free living to foreclose and get them out. Then they went and did it again some where else. Was considered as Reparations. That killed the Housing and Banking industries and both George W Bush and the Ballsack Obama were forced to bail them out.
That was another Democrat bailout to a problem THEY CREATED!
Just like our gas prices right now this is a problem they CREATED and I do not trust them to fix it because they do not want it resolved.
Biden said the other day not to worry about Gas Prices because we will be all Electric by 2024.
They have no intention of lowering gas prices it is part of the plan to force the New Green Agenda up us.
Sure they will try to blame Trump, Putin or who ever but this is a problem they created and we all know it.
The Clinton low interest zero-down loans are what caused the 08 crash of sub prime lenders and brought the housing market to its knees. While it was not Bush's policies that lead to it he did nothing to cut it off early.That is from life long republican. Disclosure done.
America home of free. Brought to you by 2nd amendment.
June 15, 2022, 08:40 AM
wideopen231
Carter,Clinton ,Biden and some Obama. Seems all have something in common and Bush is not far from joining in. One thing all got richer while the rest of us where struggling to survive.
America home of free. Brought to you by 2nd amendment.
June 15, 2022, 09:34 AM
RPROGAS
Lawmakers from both Parties have a sworn obligation to the American Citizens they serve to save our Country by Impeaching Biden.
If you care about your family and this Country IMPEACH and REMOVE everyone in the Biden Administration, just do it LEGALLY! Threatening Public Officials with violence is NOT the way to save this Country, it gives them and the Media what they want, a reason to ramp up their agenda and make things worse.
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