Define--Windfall profits

[marine]

I don't believe you can use %%'s when talking end dollars. Exxon made over 13 billion in one qt. Some drug company is mention here as making 27%. How much cash.

i know.. god forbid we use some type of standardized measurement of something right?

 

[marine]

Chad, you are assuming that there is not collusion and that the biggest oil speculators aren't the oil companies themselves.

There must be a calming, quiet satisfaction in knowing that whatever you say, no one will be impressed, no one will laugh, and no one will really care.
That kind of self-awareness, of being fully indifferent to the fact that you're utterly lame, is something I don't intend to strive for but still envy...well played.

 

[djv]

I can take it that some how Exxon is friends to all of us.

 

[StevieD]

There must be a calming, quiet satisfaction in knowing that whatever you say, no one will be impressed, no one will laugh, and no one will really care.
That kind of self-awareness, of being fully indifferent to the fact that you're utterly lame, is something I don't intend to strive for but still envy...well played.

All of your personal attacks mean nothing. Show me where I said Exxon was behind 9-11 as you mention in a post. You learn well from your mentors Rove and Cheney.
Why don't you explain to me how rising oil has no effect on inflation and the stock market. I all ready asked you to look at the last 18 months of your chart but instead of that you turn to name calling. It has been in the last 18 months that Oil has been going off the chart. That is why I said to check it. Look, this is a gambling message board. I come here to make money and because of a few, a very few by the way, I have. I don't care if anybody likes me or not. You tell me and show me a day where oil spiked and the stock market went up. Just one in the last year. And not on a day when the fed did something like lower rates. But be fair and see if you can come up with one day. That is open for anyone to take a crack at. Oil spikes say 2 or 3 dollars and the stock market goes up. Same day. :0corn

 

[StevieD]

I saved you some time. First two pages of a yahoo search. Unedited.

1. CNNMoney.com Market Report - May. 15, 2008
Stocks sustained gains Thursday afternoon, even after oil prices reclaimed earlier losses, as investors eyed the day's ... Stocks struggled to rise in the ...
money.cnn.com/2008/05/15/markets/markets_newyork/index.htm?cnn=yes - 65k - Cached
2. Stocks slide Friday afternoon as oil spikes - May. 16, 2008
Stocks slipped Friday afternoon, with investors using record oil and gas prices ... week as the rise in commodity prices trumps the surprise rise in new home ...
money.cnn.com/rssclick/2008/05/16/markets/market_newyork/index.htm?... - 64k - Cached
3. Stocks close lower as the cost of oil spikes - Stocks & economy - MSNBC.com
Wall Street extended its losses Wednesday, closing down as a rise in oil prices and a profit warning from shipping concern UPS stirred concerns about the well-being ...
www.msnbc.msn.com/id/24046221/page - Cached
4. Stocks pare losses to finish mixed after oil spikes
Article:Stocks pare losses to finish mixed after oil spikes:/n/a/2008/05/13 ... founded, with news that the continuing rise in energy and food costs is weighing ...
sfgate.com/cgi-bin/.../05/13/financial/f035850D21.DTL&feed=rss.news - 68k - Cached
5. Stocks close lower as the cost of oil spikes - Stocks & economy - MSNBC.com
Stocks & economy. Stocks close lower as the cost of oil spikes ... oil prices weighed on transportation stocks ... The rise in oil hurt transportation stocks. ...
www.msnbc.msn.com/id/24046221 - Cached
6. Wall Street retreats following steeper-than-expected drop in home sales ...
New layoff filings rise sharply as companies cutback work forces amid economic troubles ... Stocks had risen in the prior two sessions as the price of oil declined. ...
www.chicagotribune.com/business/sns-ap-wall-street,0,4187589.story - 116k - Cached
7. Stocks pare losses to trade mixed after oil spikes (OneNewsNow.com)
Stocks pare losses to trade mixed after oil spikes. TIM PARADIS - 5/16/2008 7:52:21 PM ... Oil prices rise above $133 a barrel in electronic trade ...
www.onenewsnow.com/AP/Search/Business/Default.aspx?id=118790 - Cached
8. Stocks pare losses to trade mixed after oil spikes - Netscape Money ...
Stocks pare losses to finish mixed after oil spikes ... The rise in oil upended some of the week's optimism that led investors to move ...
channels.netscape.com/pf/story.jsp?.../20080516/1605764171.htm&sc=1320 - Cached
9. Oil Spikes Above $144, Asian Stocks Wilt - Forbes.com
Oil Spikes Above $144, Asian Stocks Wilt. Forbes.com Staff 07.03.08, 1:17 AM ET ... Oil stocks took a breather after recent strong gains on the back of the rise of ...
forbes.com/markets/2008/07/03/briefing-asia-midday-markets-equity-c... - Cached
10. Stocks fall after sales of existing homes decline
... percent rise in quarterly profit, while Eli Lilly reported a ... AP IMPACT: Big Oil profits steered to investors. Asia, Europe stocks drop on credit woes ...
www.wtopnews.com/?nid=111&sid=1080939 - Cached
WEB RESULTS
11. Stocks fall following downgrades, spike in oil - Examiner.com
Stocks fall following downgrades, spike in oil, NEW YORK ... ago - Stocks drop after new record for oil prices. 1 day ago - Stocks decline after rise in ...
examiner.com/a-1460095~Stocks_fall_following_downgrades__spike_in_oil... - 146k - Cached
12. Stocks pare losses to finish mixed after oil spikes - Netscape Money ...
... in S&P; energy on the rise ... uneasiness over energy prices, stocks posted strong gains for the ... The gains in oil for a time upended some of the week's ...
channels.netscape.com/pf/story.jsp?.../20080516/1650767348.htm&sc=1320 - Cached
13. U.S. stocks turn down after oil spikes - International Herald Tribune
MARKETS. U.S. stocks turn down after oil spikes. Reuters. Published: February ... prices fell amid inflation concerns after the rise in U.S. crude oil futures. ...
www.iht.com/articles/2008/02/19/business/stox.php - 54k - Cached
14. AFP: Oil prices recede as US crude stocks rise
Oil prices recede as US crude stocks rise. May 14, 2008 ... funds, analysts have cited a variety of factors for this year's price spikes, ...
afp.google.com/article/ALeqM5gop9IoMK8sqrVp4EQdzVNpIi2cJA - Cached
15. LocalNews8.com Idaho Falls, Pocatello - Weather, News, Sports ...
Business Minute: Stocks mostly higher...Oil tanks...California troubles. Also on Our Site ... The market has gotten a boost from falling oil prices. ...
www.localnews8.com/Global/story.asp?S=279007 - 70k - Cached
16. Eurozone inflation spikes to record 4.0 pct on soaring oil prices ...
... record 4.0 percent in June on the back of soaring oil prices, official figures showed Monday, bolstering ... Stocks rise on drop in oil, Wells Fargo report AP ...
news.yahoo.com/s/afp/20080630/bs_afp/eueurozoneeconomyinflation_080... - Cached
17. Technology News: News: Stocks Rise as Greenspan Downplays Oil Impact
Stocks Rise as Greenspan Downplays Oil Impact. Print Version. E-Mail Article. Reprints ... Stocks Eke Out Gains After Oil Spikes, then Subsides (04-Apr-05) ...
www.technewsworld.com/story/news/42017.html - Cached
18. Stocks pare losses to finish mixed after oil spikes: Financial News ...
Stocks pare losses to finish mixed after oil spikes. - NEW YORK (AP) -- Wall Street capped a week of big gains with modest moves Friday as investors grappled with ...
biz.yahoo.com/ap/080516/wall_street.html - Cached
19. Stocks rise uneasily after Bernanke talk; oil down - Examiner.com
Stocks rise uneasily after Bernanke talk; oil down, ... ago - Stocks rise on drop in oil, Wells Fargo ... ago - Stocks end mostly lower even as oil prices ...
examiner.com/a-1477279~Stocks_rise_uneasily_after_Bernanke_talk__oil... - 140k - Cached
20. Downgrades, oil price spikes hurt stocks | APP.com | Asbury Park Press
... tumbled today as oil prices jumped and downgrades of brokerage and automotive stocks gave investors little incentive ... that oil could rise

 

[marine]

oh stevie.....

your newsreporting highlights almost had me convinced.. but then i said to myself... when was the last time newspaper didn't use scare tactics and sensationalize things and draw uncorrelated conclusions in order to sell papers.

 

[StevieD]

oh stevie.....

your newsreporting highlights almost had me convinced.. but then i said to myself... when was the last time newspaper didn't use scare tactics and sensationalize things and draw uncorrelated conclusions in order to sell papers.

I dunno. Why don't you explain the last 18 months of your graph while I go cry because nobody likes me.

 

[marine]

I'm lost Stevey.

1. You said it was a darn tootin fact that everytime oil went up, the market went down.
2. I just gave you the lifetime graph showing your ignorance.
3. Now you want to just look at 18 months.

I give up. I can't argue if you keep changing the rules.

Chadman, Strong point made by you, to which I agree with a bit. Sorry I can't exand on them much here - I'm way too busy slinging mud.

 

[StevieD]

I'm lost Stevey.

1. You said it was a darn tootin fact that everytime oil went up, the market went down.
2. I just gave you the lifetime graph showing your ignorance.
3. Now you want to just look at 18 months.

I give up. I can't argue if you keep changing the rules.

Chadman, Strong point made by you, to which I agree with a bit. Sorry I can't exand on them much here - I'm way too busy slinging mud.

You still can't give me one day before changing the subject. :shrug: You said it has nothing to do with the stock market. In fact you and DTB claim, at least DTB does, that the rise is oil prices is actually good for the market. Now, I ask you to defend your position just once in the last year or 18 months and you can't do it. :142smilie Typical.

 

[marine]

See Stewey, you're the one that made that factual claim. I merely pointed out your error. You're the one that should be defending your statement about how right you are about oil companies setting the price, and how everytime the cost of oil rises the market tanks. Now you're limiting it to 18months as the absolute gospel.

So if I go back and pull up a one day duration of the market performing upwards, while gas rose as well.. i can sit back and say "see, everytime gas goes up, the market goes up - look at this 1 day example"

You're trying to speak in absolutes, which is never true, nor factual in cases like this. You're also delusional in that you think oil companies set the price of oil and gas. You're barking up the wrong tree, and it really comes off as a pathetic whine with you looking for some sort of free handout of a few gallons of gas each week.

I'd recommend you try to educate yourself about the process before you start argueing it - and by that I mean, don't read joe the hippy's blog about how bad bad bad the government is.

 

[StevieD]

See Stewey, you're the one that made that factual claim. I merely pointed out your error. You're the one that should be defending your statement about how right you are about oil companies setting the price, and how everytime the cost of oil rises the market tanks. Now you're limiting it to 18months as the absolute gospel.

So if I go back and pull up a one day duration of the market performing upwards, while gas rose as well.. i can sit back and say "see, everytime gas goes up, the market goes up - look at this 1 day example"

You're trying to speak in absolutes, which is never true, nor factual in cases like this. You're also delusional in that you think oil companies set the price of oil and gas. You're barking up the wrong tree, and it really comes off as a pathetic whine with you looking for some sort of free handout of a few gallons of gas each week.

I'd recommend you try to educate yourself about the process before you start argueing it - and by that I mean, don't read joe the hippy's blog about how bad bad bad the government is.

You see Marine, this is the difference between you and me. You are the type of person who probably never had an original idea in his life. Of course I wasn't speaking for the history of the world. Any half intelligent moron would know that when we discuss the Energy Crises we are not talking ancient history. It has really not been an issue all that long. But you cannot win your argument about the "Energy Crises" so you go to some right wing blog and pull up some chart that shows that during history Oil and the stock market has acted in unison. Only thing is that in the last 18 months, according to your very own chart, they have gone in the opposite direction. So now you find yourself stuck and figure you can start name calling and claiming victory. Well I feel as if I have made my point. It isn't even my point. It is the accepted norm that everybody with one tenth of a brain agrees on. Even Bush would agree that oil prices are affecting the economy. Why don't you tear yourself away from right wing radio and right wing blogs and learn something about the system yourself. And I aint the one looking for a handout. It seems to me your boys gave the handout to Big Oil. But I am sure you are ok with that because some right wing radio prick told you so.

 

[BobbyBlueChip]

This threads pretty funny on multiple levels. Keep goin' guys :mj07:

 

[bryanz]

High gas prices are a key factor here :

High gas prices are a key factor here :

http://www.syracuse.com/business/index.ssf?/base/business-13/1218185832326850.xml&coll=1

 

[DOGS THAT BARK]

You still can't give me one day before changing the subject. :shrug: You said it has nothing to do with the stock market. In fact you and DTB claim, at least DTB does, that the rise is oil prices is actually good for the market. Now, I ask you to defend your position just once in the last year or 18 months and you can't do it. :142smilie Typical.

Could you find quote where I ever said that per chance?????????????

This thread is about Dem whning about windfall profits of oil companies--I'm asking what windfall profits.

They and everyone in this thread agreeing with them is doing so on premise-profits as % of return means nothing--its the $ amount
eg 10% profit on billions of revenue is outrageous
but 100% profit on millions is no prob.


If you can't understand this fundamental
principle--there is no use in discussing matter
--just line up with the other lemmings at O speeches and when he says--Americans are suffering at the pumps and Exxon is making record profits--boo with the rest of them--and repeat with them--windfall profits.:nooo:

 

[StevieD]

Could you find quote where I ever said that per chance?????????????

This thread is about Dem whning about windfall profits of oil companies--I'm asking what windfall profits.

They and everyone in this thread agreeing with them is doing so on premise-profits as % of return means nothing--its the $ amount
eg 10% profit on billions of revenue is outrageous
but 100% profit on millions is no prob.


If you can't understand this fundamental
principle--there is no use in discussing matter
--just line up with the other lemmings at O speeches and when he says--Americans are suffering at the pumps and Exxon is making record profits--boo with the rest of them--and repeat with them--windfall profits.:nooo:

Are you denying that you have pointed out that Oil Stocks are making 401k's look very good? And I don't have time to search thru your posts right now but you know you have said it.

If you don't understand the principle of one industry making record profits quarter after quarter while charging record prices on a necessary commodity, and getting tax breaks while doing it, then it is you who has to get away from your neocon web sites.

 

[DOGS THAT BARK]

Are you denying that you have pointed out that Oil Stocks are making 401k's look very good? And I don't have time to search thru your posts right now but you know you have said it.

If you don't understand the principle of one industry making record profits quarter after quarter while charging record prices on a necessary commodity, and getting tax breaks while doing it, then it is you who has to get away from your neocon web sites.

You said "said it has nothing to do with the stock market. In fact you and DTB claim, at least DTB does" Can you not disquingish stock market in general from oil stocks--sheez

Some oil stocks did well--high oil in general is a killer for market in general--if you want to look at quote on that I made refernce several times
I couldn't believe market was holding up so well considering price of oil.

another pertinent factor--while O and his inept followers were ranting on Exxon profits--the investors (who have a clue what revenue profits are about) sold shares as report showed weak earnings compared to other oil companies.

July 31 (Bloomberg) -- Exxon Mobil Corp., the world's biggest oil company, posted a smaller increase in second-quarter profit than analysts estimated after production slid the most in at least a decade, sending its shares lower.

Goes toward explaining demographics of your base and O's knowledge of economics--

 

[Chadman]

They and everyone in this thread agreeing with them is doing so on premise-profits as % of return means nothing--its the $ amount
eg 10% profit on billions of revenue is outrageous
but 100% profit on millions is no prob.


If you can't understand this fundamental
principle--there is no use in discussing matter
--just line up with the other lemmings at O speeches and when he says--Americans are suffering at the pumps and Exxon is making record profits--boo with the rest of them--and repeat with them--windfall profits.:nooo:

Not sure if you are including me in your "everyone" comment, Wayne. Can you let me know, as I think I raised several points other than just whining about the profits - and why they are different and do matter. The oil company profit situation is much different than any other companies, IMO, and using a base % scenario is not all that matters in judging why the prices - and profits - are where they are. I understand why you try to drill that point home - it's an easy and convenient way to look at things when defending them - but I don't think it's the only thing that matters in looking at the situation. Far from it.

 

[StevieD]

Not worth it.

 

[saint]

I spent 20 minutes reading this thread and have come up with the following conclusions:

1. that is 20 minutes i will never get back

2. marine and dtb you have the patience of a saint

3. StevieD you are perhaps the biggest dolt I have seen in a while

4. you can't fix stupid

As a side note, my favorite moment of the thread (cue: one shining moment in the background) was when StevieD said "everytime oil goes up the market goes down", and then requests we only look at an 18 month window. In reference to the other 23 and a half years in the table marine so kindly provided, stevie refers to those 23.5 years as "ancient history". :mj07: :mj07: :mj07: :mj07: :mj07:

 

[marine]

Stevie,

Out of curiousity, do you hate on the moms and dads that run the local gas stations too? Do you hold them as "responsible parties" in the high price of gas?