Price of a barrel of oil today: $109.60 Exactly eight years ago: $115.19

Kevin, it's everyone job to buy at the best value offered and it's a seller's job to sell at the highest price.  It matters not if it's a car, house, gasoline or anything else.  When prices go up, it's an incentive for new companies to enter the market and for current companies to expand production.

 

Libs want to stop oil and gas production, and then they whine at the ramifications of their policy.  Who else recalls Kevin whining about the high gasoline prices in Vegas.  He went on to talk about a nearby Arizona station that was selling gasoline at far lower price.  Kevin was whining about the policy of reformulated gasoline.  Some RFG formulations cost about 50 cents more per gallon, while California's gas cost about a buck more.  The Vegas stations are pumping RFG, while the nearby AZ stations are not.  This is just another example of Kevin demanding a policy, and then complaining about the results.

 

We are decades away from being able to produce enough auto batteries...........largely because Libs will fight the means to do so (think lithium and nickel mining).  Then they will whine about that too.  We need more oil and gas in the meantime.

 

Just look how much that free wind and solar power costs in California.  It's free until you are forced to pay for reality, as opposed to the Liberal fairy tail on this policy.  I have NEVER heard a Lib address the cost of the plant in waiting for when the wind stops blowing.  This cost is NEVER mentioned by Libs.

 

Never trust a Lyin' Lib.

Sorry, Boiler, your arguments make no sense, and your stupid tactic of claiming that other people said something they never actually said prevents me from trying to talk to you as if you were rational.

Kevin, you told us that you sold your house at $5000 over asking price, proving that you're willing to gouge.  You next told us that it's immoral for oil companies, such as Exxon Mobile, which is owned by millions of individuals, to maximize their profits.

 

This proves without question that Kevin believes it's acceptable for him to gouge, but it's not acceptable for others to gouge.  I believe Kevin told us that oil companies are screwing lots of people, and that makes it bad.  Kevin only fucked over one person, and in his twisted mind that makes his deal different and moral.

 

How Liberal of you.

Edited on Jun 30, 2022 5:48pm
Originally posted by: Boilerman

Kevin, you told us that you sold your house at $5000 over asking price, proving that you're willing to gouge.  You next told us that it's immoral for oil companies, such as Exxon Mobile, which is owned by millions of individuals, to maximize their profits.

 

This proves without question that Kevin believes it's acceptable for him to gouge, but it's not acceptable for others to gouge.  I believe Kevin told us that oil companies are screwing lots of people, and that makes it bad.  Kevin only fucked over one person, and in his twisted mind that makes his deal different and moral.

 

How Liberal of you.


There's a huge difference, idiot. People depend on gasoline to live their daily lives. Tens of millions of people are affected by price hikes. Many of those people are put into significant hardship so that the fossil fuel companies can make maximum bucks.

 

I sold my house to someone who obviously thought the price I asked was worth it. There was no obligation and no coercion. And not that it matters, but the $5000 extra was what they offered--and 1.1% over my listed price. How did I "fuck that person over"? Idiot.

 

Millions of people have no choice but to pay the fossil fuel companies' high prices. It's no different than if the price of water or electricity had doubled. And yes, that means I think that the price of fossil fuel products should be regulated, just like public utilities.


Kevin, the guy who bought your house depends on it for his daily life, and you screwed he and his family for thousands of dollars.  You're a two faced, whiny, self indulged, illogical facist. 

Exxon Mobile earned a 7.4% return on assets the past twelve months.  They earned 6.8% return on assets the year before.  Exxon Mobile lost money the two years before that..........losing money on their $340 billion invested dollars.

 

Would Libs tell us what an acceptable return on investment is for Exxon?  Kevin certainly looks at one number, which is Exxon profiits.  Has Kevin ever learned that Exxon has over 1/3 of a trillion dollars invested in order to earn $25 billion dollars.  Nope, he hasn't bothered.

 

Once again, since Kevin has told us that a 7% ROI is far to much, how much is an acceptable ROI for our whiny Liberals?  It should be noted that over the past four years, Exxon has earned just over 2% annual return on their $340 billion investment.

 

Kevin, do you have a 401K, and are you upset if the funds you invest in increase in value a COMBINED 8% over a four year period?  Do you demand that these companies have their profits be taxed at a higher rate?

 

 

Edited on Jul 1, 2022 4:16am
Originally posted by: Boilerman

Exxon Mobile earned a 7.4% return on assets the past twelve months.  They earned 6.8% return on assets the year before.  Exxon Mobile lost money the two years before that..........losing money on their $340 billion invested dollars.

 

Would Libs tell us what an acceptable return on investment is for Exxon?  Kevin certainly looks at one number, which is Exxon profiits.  Has Kevin ever learned that Exxon has over 1/3 of a trillion dollars invested in order to earn $25 billion dollars.  Nope, he hasn't bothered.

 

Once again, since Kevin has told us that a 7% ROI is far to much, how much is an acceptable ROI for our whiny Liberals?  It should be noted that over the past four years, Exxon has earned just over 2% annual return on their $340 billion investment.

 

Kevin, do you have a 401K, and are you upset if the funds you invest in increase in value a COMBINED 8% over a four year period?  Do you demand that these companies have their profits be taxed at a higher rate?

 

 


I'm not going to check the accuracy of your figures, because you're ignoring two major factors: 1) stock buybacks, which aren't reflected in profit-and-loss statements, and 2) corporate dividend payments. Everyone with any knowledge of the market knows that the fossil fuel companies have been plowing profits back into those two areas--primarily because the rules say that they don't have to report those revenues as profits! Shell game.

 

So their real profits are much, much higher than what they report and pay taxes on. Boiler is utterly ignorant of that.

CPA kevin is wrong again.

 

If a company has revenue of $100 & a profit of $7 that is a 7% profit.  Stock buybacks & dividends come from after tax profits

Originally posted by: tom

CPA kevin is wrong again.

 

If a company has revenue of $100 & a profit of $7 that is a 7% profit.  Stock buybacks & dividends come from after tax profits


Only in certain specific situations. Corporate America has learned very well how to hide its massive profits from the tax man.

 

It helps that so many of the people they fuck over, such as stupid Tommie-poo, are enthusiastic cheerleaders.

Kevin should really just stick with spelling.  He's lost when it comes to economics, finance, accounting, and basic logic. 

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