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Smartest people in the room propose another ignorant idea

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raleighherdfan

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Feb 22, 2010
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another dumb idea

Even liberals know this is terrible idea. But do it anyway to help make it appear old mush brain is doing something.

"One thing you want to be aware of when you are looking at those types of proposals is how is it going to affect supply as well," Ramamurti said.
 
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in before . . .

old-man-yells-at-cloud-yelling.gif
 
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"it is an important question at a time when there's clearly a supply issue."
 
We should probably lower their corporate taxes a bit more. They seem like decent guys; I'm sure they would pass along the savings to the consumer.
 
sluggo72 said:
www.dailysignal.com

The Numbers Are In: Trump’s Tax Cuts Paid Off

The government now expects to bring in more tax revenue in the decade following the 2017 “Trump tax cuts” than it had projected.
www.dailysignal.com www.dailysignal.com
Click to expand...
Now, that's what I'm talkin' about. Let's give the oil companies another tax cut. It's a sure-fire way to bring down the cost of a gallon of gas. You know our oil companies will pass along the savings. It's a pretty nasty rumor they're that into profit maximization.

Sure, libtards will say, "the oil industry already gets healthy tax subsidies", but I say, you just can't get enough of that good thing baby.
 
How very socialist and unconstitutional to target a specific industry based on short term profit margins. Why didn’t they go after hospitals as they made record profits during COVID? How about Pfizer, they price gouged on the “vaccine”? How about drug companies in general?
 
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Not a surprise really. Not one liberal with an explanation of how raising “profits” taxes LOWERS prices at the pump. You’re puppet masters actually told you in that article it will ultimately reduce the supply even further.
 
It's not unusual for govt to step in when business practices begin negatively impacting the population. That's why we have child labor laws, antitrust laws, clean air and water legislation, collective bargaining laws, banking regulations etc. I'm sure when those laws/legislation were implemented we heard the chant, "you don't know how the economy works!". Wouldn't surprise me if slave owners used that same mantra back in 1800s.

What have oil companies done to earn whacked profits? They didn't develop a new vaccine like some pharm companies, they didn't have to handle a huge upswing in volume like our hospitals did during COVID. They have no new product...haven't developed any great new innovations. Overhead hasn't increased. Nope, they can charge double what they're pulling out of the ground today due to a price change in the world mkt. And, you and I get to fund this pure profit - it's not like we have much of an alternative. You can count on one thing; oil company executives and employees will receive some hellacious profit sharing and/or bonus checks at the end of the year. You're welcome?

Now, I'm not sure how a tax can be implemented with consumers getting a rebate, but I have no issue with govt exploring options.
 
KyMUfan said:
Dude, sometimes you need to stop rambling or you'll end up saying something stupid like this...
Click to expand...
That's fair....wages have gone up...the same with health insurance and other employee benefits. And the price of materials have certainly increased. But those are within the norm for all businesses today.

Not sure staffs have significantly increased...or if there are new expenses tied to additional facilities. Any additional RD expenses?
 
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Chevy1 said:
It's not unusual for govt to step in when business practices begin negatively impacting the population. That's why we have child labor laws, antitrust laws, clean air and water legislation, collective bargaining laws, banking regulations etc. I'm sure when those laws/legislation were implemented we heard the chant, "you don't know how the economy works!". Wouldn't surprise me if slave owners used that same mantra back in 1800s.

What have oil companies done to earn whacked profits? They didn't develop a new vaccine like some pharm companies, they didn't have to handle a huge upswing in volume like our hospitals did during COVID. They have no new product...haven't developed any great new innovations. Overhead hasn't increased. Nope, they can charge double what they're pulling out of the ground today due to a price change in the world mkt. And, you and I get to fund this pure profit - it's not like we have much of an alternative. You can count on one thing; oil company executives and employees will receive some hellacious profit sharing and/or bonus checks at the end of the year. You're welcome?

Now, I'm not sure how a tax can be implemented with consumers getting a rebate, but I have no issue with govt exploring options.
Click to expand...
and all those laws have ultimately contributed to higher prices and inflation of the product over the years. Overhead hasn’t increased?? What planet are you from? You’re a bigger moron than we knew.

you keep proving you know nothing about how a company or the economy works. I doubt you could run a lemonade stand profitably. You stuck out your hand waiting on your paycheck every two weeks.

it’s not that hard. Pick up an annual report and read it. Listen to an earnings call. Learn something. You’re one of the lazy many that sits around and moans about prices but does nothing to understand how businesses operate. What they need to survive so you can actually get your paycheck and keep a J O B.
 
raleighherdfan said:
and all those laws have ultimately contributed to higher prices and inflation of the product over the years. Overhead hasn’t increased?? What planet are you from? You’re a bigger moron than we knew.

you keep proving you know nothing about how a company or the economy works. I doubt you could run a lemonade stand profitably. You stuck out your hand waiting on your paycheck every two weeks.

it’s not that hard. Pick up an annual report and read it. Listen to an earnings call. Learn something. You’re one of the lazy many that sits around and moans about prices but does nothing to understand how businesses operate. What they need to survive so you can actually get your paycheck and keep a J O B.
Click to expand...
You're an idiot.
 
raleighherdfan said:
and all those laws have ultimately contributed to higher prices and inflation of the product over the years. Overhead hasn’t increased??
Click to expand...
One point was there are times govt makes laws to correct untenable situations....like child labor laws.

And I never said additional costs weren't incurred with these legislations, but they were needed to correct some real societal problems created by industry.

Another separate and unconnected point mentioned was oil industry overhead - in reference to what has the oil industry incurred to generate additional revenue.
raleighherdfan said:
I doubt you could run a lemonade stand profitably.
Click to expand...
Maybe not...but I know a price increase for a product where expenses are somewhat static will generate additional revenue.
raleighherdfan said:
it’s not that hard. Pick up an annual report and read it. Listen to an earnings call. Learn something. You’re one of the lazy many that sits around and moans about prices but does nothing to understand how businesses operate.
Click to expand...
Are you really saying higher prices aren't generating massive profit opportunities for US oil companies?

Perhaps, the people of this country should bend over and take it But, again, I don't have issue with our elected representatives exploring ways to harness windfall profits.

Note:. I get what you're saying...any cost incurred will be passed on to the consumer.

Also, not all legislation regulating business necessarily leads to higher prices - for example, antitrust.
 
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extragreen said:
99.9% of all retail workers are part timers
__________phlegmwad

You....are....a....lying....idiot.
Click to expand...

Are you really this stupid or do you just make a habit of lying?

nrf.com

About Retail Jobs

Retail supports more than 52 million jobs. Read more about the story of retail.
nrf.com nrf.com

29 percent of retail employees are part time​

For many in the working world, flexibility and part-time options are essential. Twenty nine percent of retail employees are part-time, providing an option for those who need flexibility, including students pursuing a degree, working parents and teenagers.
 
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Chevy1 said:
One point was there are times govt makes laws to correct untenable situations....like child labor laws.

And I never said additional costs weren't incurred with these legislations, but they were needed to correct some real societal problems created by industry.

Another separate and unconnected point mentioned was oil industry overhead - in reference to what has the oil industry incurred to generate additional revenue.

Maybe not...but I know a price increase for a product where expenses are somewhat static will generate additional revenue.

Are you really saying higher prices aren't generating massive profit opportunities for US oil companies?

Perhaps, the people of this country should bend over and take it But, again, I don't have issue with our elected representatives exploring ways to harness windfall profits.
Click to expand...
Expenses are static???
How is overhead an “unconnected point”? More idiocy.

Read an annual report. Listen to their earnings calls. Learn something about these businesses. Stop making a fool of yourself.

A “windfall” profits tax will ultimately raise prices and reduce supply. Mush brain’s admin is telling you this will likely happen in the article I posted.

“The govt has to do something” rubes can’t manage a lemonade stand but can tell us how a biz like oil should operate. This is a result of what people like you have wanted: Ending the dependency on fossil fuels. Every climate change policy initiative your ilk implements leads to this…higher costs and reduced supply.

Just own it and quite bitching about prices. (That’s ultimately what mush brain Biden is telling you too)
 
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I recognize demand has significantly increased since last year which will impact the bottom line..but I also recognize the highest oil price increases probably occurred since March....I guess we'll see how this impacts profits.

According to this article, oil companies have experienced some pretty strong year-over-year performances:

BP posted its highest quarterly profit in over a decade

In the first quarter, Shell's adjusted earnings rose to $9.1 billion from $3.2 billion in the same period last year. Net income rose to $7.3 billion from $5.8 billion in last year's first quarter.

At the end of April, Exxon Mobil reported $5.48 billion in profits during the first quarter of 2022 – also more than doubling its profits compared with the same period last year.

Also at the end of April, Chevron reported a quarterly profit of $6.26 billion, over four times its earnings of $1.4 billion in the first quarter of last year.

For the first quarter of the year, Phillips 66 reported first-quarter earnings of $582 million, with adjusted earnings of $595 million.

In 2021, Phillips 66 reported a first-quarter loss of $654 million, with an adjusted loss of $509 million.
www.usatoday.com

Oil giants reap record profits as war rages in Ukraine, energy prices soar: Here's how much they made

Profits for Exxon Mobil, Shell, Chevron and more rose by billions in the first quarter – despite costs from war in Ukraine and soaring energy prices.
www.usatoday.com
 
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Chevy1 said:
I recognize demand has significantly increased since last year which will impact the bottom line..but I also recognize the highest oil price increases probably occurred since March....I guess we'll see how this impacts profits.

According to this article, oil companies have experienced some pretty strong year-over-year performances:

BP posted its highest quarterly profit in over a decade

In the first quarter, Shell's adjusted earnings rose to $9.1 billion from $3.2 billion in the same period last year. Net income rose to $7.3 billion from $5.8 billion in last year's first quarter.

At the end of April, Exxon Mobil reported $5.48 billion in profits during the first quarter of 2022 – also more than doubling its profits compared with the same period last year.

Also at the end of April, Chevron reported a quarterly profit of $6.26 billion, over four times its earnings of $1.4 billion in the first quarter of last year.

For the first quarter of the year, Phillips 66 reported first-quarter earnings of $582 million, with adjusted earnings of $595 million.

In 2021, Phillips 66 reported a first-quarter loss of $654 million, with an adjusted loss of $509 million.
www.usatoday.com

Oil giants reap record profits as war rages in Ukraine, energy prices soar: Here's how much they made

Profits for Exxon Mobil, Shell, Chevron and more rose by billions in the first quarter – despite costs from war in Ukraine and soaring energy prices.
www.usatoday.com
Click to expand...
Well let’s do a quick check:
Phillips 66 net profit was 2%. Thats .02 for every dollar and Chevron was 11%. .11 for every dollar. My goodness…such evil profit numbers.

your just like most people. See a $billion figure and think…”that’s too much. We need to take from them”. Except for the fact that’s lazy as hell and fails to put in context the profit needs of a company, that size, and keep them operating properly and attempt growth (despite the govt working against them).
 
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Chevy1 said:
I recognize demand has significantly increased since last year which will impact the bottom line..but I also recognize the highest oil price increases probably occurred since March....I guess we'll see how this impacts profits.

According to this article, oil companies have experienced some pretty strong year-over-year performances:

BP posted its highest quarterly profit in over a decade

In the first quarter, Shell's adjusted earnings rose to $9.1 billion from $3.2 billion in the same period last year. Net income rose to $7.3 billion from $5.8 billion in last year's first quarter.

At the end of April, Exxon Mobil reported $5.48 billion in profits during the first quarter of 2022 – also more than doubling its profits compared with the same period last year.

Also at the end of April, Chevron reported a quarterly profit of $6.26 billion, over four times its earnings of $1.4 billion in the first quarter of last year.

For the first quarter of the year, Phillips 66 reported first-quarter earnings of $582 million, with adjusted earnings of $595 million.

In 2021, Phillips 66 reported a first-quarter loss of $654 million, with an adjusted loss of $509 million.
www.usatoday.com

Oil giants reap record profits as war rages in Ukraine, energy prices soar: Here's how much they made

Profits for Exxon Mobil, Shell, Chevron and more rose by billions in the first quarter – despite costs from war in Ukraine and soaring energy prices.
www.usatoday.com
Click to expand...
year over year? you might wanna take look allllllll the way back at 2020, like decades ago, to see how much oil companies profited (or lost). the record profits many of them are now enjoying are simply making them whole from that ass kicking.
 
raleighherdfan said:
Well let’s do a quick check:
Phillips 66 net profit was 2%. Thats .02 for every dollar and Chevron was 11%. .11 for every dollar. My goodness…such evil profit numbers.

your just like most people. See a $billion figure and think…”that’s too much. We need to take from them”. Except for the fact that’s lazy as hell and fails to put in context the profit needs of a company, that size, and keep them operating properly and attempt growth (despite the govt working against them).
Click to expand...
You're an idiot.
 
Why there will not be a new refinery in this country

Liberal policy has consequences:

even if Chevron and other oil companies increased their crude oil production -- and that's easier said than done -- it wouldn't put as much of a dent in gasoline prices as consumers might hope. The industry can't quickly add new refining capacity.

In Wirth's view, the U.S. won't ever build another refinery. That's because it's impractical for an energy company to consider building a refinery due to the current environment. Wirth said, "You're looking at committing capital 10 years out, that will need decades to offer a return for shareholders, in a policy environment where governments around the world are saying, 'We don't want these products to be used in the future.'" So even if a company like Chevron was willing to commit the time and capital to build a refinery, it doesn't make sense given the shift toward cleaner alternative energy.

With refining margins only improving in recent weeks, and refiners operating closer to max capacity, the industry appears poised to produce an even bigger earnings gusher in the coming quarters. Most of that windfall will go toward enriching investors via higher dividends and share repurchases since refiners aren't spending capital on increasing their traditional refining capacity. Instead, most refiners have already shifted their focus to the fuels of the future. For example, Marathon recently formed a joint venture to build a $2 billion renewable fuels project, while Valero is accelerating the expansion of its Diamond Green Diesel project to finish it by the fourth quarter of this year.
 
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