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Originally Posted by PEB
Correct and not only that hydrogen talk is great for the oil companies because they know it's delays the development of real promising new technology that can be delivered today not 5 to 10 years from now. Oil companies want to keep business as is because they are recording record profits on the backs of US consumers. It is about time that we step up and prove that Americans are not going to finance Oil Companies massive profits.
Here is an article to bring back memories for people.
Why Exxon won't produce more oil - MSN Money |
*BUMP* maybe even a new thread...
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Lysle Brinker, who follows Exxon for the research firm John S. Herold, figures that given the company's capital outlays, Tillerson can keep replacing the oil and natural gas he sells. That way the company won't shrink, even if it doesn't grow.
Big oil companies can continually miss their targets or even target no growth and still shine on Wall Street due to the peculiar nature of commodity businesses. Less supply of a commodity means higher prices. Higher oil prices mean more profits for the oil companies.
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Production at an easy pace = higher profits, but shitting on consumers...so very interesting. Solutions seem scarce, what do you do, TELL the Oil company to produce more? Tax them if they DON'T produce more? That would cause so many messy problems... __________________
Every man is a man. All flesh is flesh. Steel parts flesh from blood, so hold your fucking tongue.
The Tao of Shit Happens.
Last edited by redjako : 05-07-2008 at 02:42 PM.
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