Oil companies and record profits again

[SchnellerVert]

hmm 3rd quarter losses should have cause profits to flat line or dip lower yet Exxon-Mobil is looking at a 9 billion dollar profit after two huge hurricanes?

Gouging..... plain and simple.

[E30 Wagen]

agreed

[Charlie]

And?

Capitalist economy, it's a bitch. Cut back on driving or purchase a vehicle which gets a realistic 35-40 mpg.

-Charlie

[SchnellerVert]

Oh I have Charlie but serious this has really caused a burp in our economy as in the new house sales and so on for last quarter. We did need a correction on house prices but seriously this is stupid on fuel costs.

I was in Hawaii last two weeks ago and gas is the same as it is in DC area.

[E30 Wagen]

there are too many people with cars that need gasoline.

[AdironRider]

Cant wait for the 318is

[Erick]

And people down here pay for it, because no one has learned how to car poll yet. And since my car realistically puts down 10-14mpg, I am off to the gas station for the 3 hour line to put in $20 of 93 octane at 3.xx (maybe even $4?). I've been noticing in the local news lately, people are so desperate to fill up no new company has even mentioned the cost of the gas.

On a side note, I actually got my gas tank to last me over a week, even using the car every night as a generator for the house. That's a record for me.

[Digitalwave]

When did you get power back Erick?

[nando]

I think the government should instate price caps on gasoline, that way we can have a real shortage (where you can't buy any at all, at any price). After that, we could start printing money and giving it to everyone who needs it. it would be just like the 70s!

[SchnellerVert]

They have in Hawaii. I have a friend who lives on Oahu and says that their fuel prices are frozen. He said thou they pay about what we paid a month ago. $2.92 a gallon for unleaded.

[nando]

I wonder if people there enjoy waiting in line to fill up? of course on hawaii it's not like there are a lot of places to drive..

[SchnellerVert]

Ever been to the islands, Yes there is. You don't ride a bike The Bus system is great on Oahu but is not fast by any means.

$9.92B is an all time record high.

http://www.washingtonpost.com/wp-dyn/content/article/2005/10/25/AR2005102501655.html

NEW YORK (Reuters) - Exxon Mobil Corp., the world's largest publicly traded oil company, on Thursday said quarterly profit surged 75 percent to nearly $10 billion, raking in a bonanza from record oil prices.

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The profit was the highest in the company's history, surpassing the record it set in the 2004 fourth quarter. Revenue jumped 32 percent to just over $100 billion.

[h0lmes]

I think the government should instate price caps on gasoline, that way we can have a real shortage (where you can't buy any at all, at any price). After that, we could start printing money and giving it to everyone who needs it. it would be just like the 70s!

Not in a million years, the government is the reason that everything is so high and the reason our economy is in shambles.

[Digitalwave]

Not in a million years, the government is the reason that everything is so high and the reason our economy is in shambles.

Woohoo! Free-market system! Down with the gov't!

[Charlie]

Not in a million years, the government is the reason that everything is so high and the reason our economy is in shambles.

Shambles?

Gas is a buck higher than it was 2 years ago. Car market and consumer goods are spiking, the real estate market has exploded, and unemployment is down.

I'm a lot better off now than I was 2-3 years ago.

FWIW, I filled up with 93 today for 2.23 a gallon. That's the cheapest it's been in 8 months.

-Charlie