What the MSM ignores is that Americans are not using more oil then they did in 1999/200, but the profits are up by several hundred % because the production and delivery cost has DROPPED, from Two and six tenths Cents a gallon ($00.026 Cents a gallon) to two and three tenths cents per gallon $00.023 Cents a gallon, a profit margin increase of 167% (one hundred sixty seven percent gallon!) for the same gas. We are being charged, with the previous profit added, nearly 200% profits! They are using this war excuse to redistribute the wealth. If a Democrat is elected PRES, he should do an FDR, and demand a rebate of 80% of those profits to every American!
Consumer group Public Citizen released a study over the summer stating that Exxon Mobil (XOM: Research, Estimates) lead the industry pack in record profits, earning $4.15 billion in the second quarter - 123 percent higher than the year-ago period.
Chevron (CHV: Research, Estimates) came next with $1.14 billion in quarterly profits, a 136 percent increase over the previous year and $39.5 billion in 2006.
Consumer group Public Citizen released a study over the summer stating that Exxon Mobil (XOM: Research, Estimates) led the industry pack in record profits, earning $4.15 billion in the second quarter - 123 percent higher than the year-ago period.
Keep up the great work, I love it when we can use locker room language publicly, it displays the passion we feel and it comes straight up from the heart. When I am really angry I do the same thing, but here you have excelled at mastering the art of locker room language to the highest echelons of manly/womanly Journalism, and Kudos to the editors and/or Rob for promoting your piece to Headline status, language and all! ATT CEO Retirement Package Chief Executive Edward Whitacre retirement package in 2007, weighing in at $158.5 million
Angelo Mozilo, who as co-founder and chief of mortgage lender Countrywide Financial and who some claim bears a good bit of the blame for the current sub prime mess, would collect more than $73 million, according to Paul Hodgson, a CEO pay expert at The Corporate Library.
Why are they getting so much? Because they are geniuses? Only the most naïve' would venture or entertain such a fantasy. I have met few CEO's or upper echelon officers as smart or smarter than my most moderately gifted students.
Many of them are where they are, not because of intellect or genius, but because they are members of a Good Olde Boys Club. All the board's of directors are CEO's or former CEO's, who will be eventually looking for new jobs or seeking others in their realm to support in their next compensation package. One hand washes the other, one seeking to have his back scratched, is primed to scratch the backs of the present scratchers.
However generous they are in awarding one of their group on which board they serve, becomes the precedent for their own compensation packages, when their turn comes. In essence, when they give higher and higher compensation packages to others and incredible retirement packages to failures, they are setting themselves up for a similar or better award, they are, essentially, awarding themselves, the wealth of ages. They are involved in robbing investors in that corporate stock.
Now, Here is the tricky part, this is redistribution of the wealth. IT IS YOUR MONEY THEY ARE GIVING THEMSELVES! Especially if you own or have owned stock in any corporation, they are robbing the till of your stock price and your dividend and the growth of your investment. Even if you personally do not own any stocks, your pension fund does-it must in some form or other because pensions and profit sharing do not come from interest rates alone, they come form stock performance.
I believe that in addition to soaking us $3.75 a gallon for gasoline, which only costs $00.02 cents, a gallon ought to qualify the executives of the oil industry to be hung by the feet and pelted with wet rags infected with goat dung. Doesn't it bother anyone that a 163% increase in gas profits is a bit much? That is like paying for prime organic meat at $25 dollars a pound, $4075 dollars for each one-pound steak you buy. Or paying for a $9.00 hamburger $1467 dollars. Besides why has my always in prime condition, always tuned up, Lexus, which used to get 22-28 mph now getting only 15-20 mph?
How much are you paying for gas? Before the Bushites war, I was spending $27 a week on gas, now, although I am driving far less, I am spending $135-$165 per week on gas and I am getting lower mileage for the same vehicle. Why is that? I'll tell you why, because adding a certain formula of Acetone will increase your gas mileage, but adding a lesser amount can decrease your gas mileage?
Professor Bagnolo is a Renaissance man: Cultural Anthropologist, Architectural designer, painter, writer, novelist, theologian. As a child prodigy, abed with polio for almost two years, with an off the charts IQ, reading at the graduate level by 5th grade, offered an opportunity to skip three grades at age 8. Later He was a recipient of an Art Institute scholarship at age 11, a Ford Foundation Fellowship in Anthropology and in Painting and a merit scholarship in art, and was appointed a Graduate Research Assistant position in college. He holds a triple bachelor's degree in Painting and Drawing, Anthropology, Architectural Design Advertising. MA's in Cultural Anthro, Painting and more. After being tenured he taught; architecture, anthropology, Theology, advertising, painting and drawing, entrepreneuring and Creative Profit Making. He produced a star-studded Music festival, had a radio talk show in Chicago, and cable TV show. Now, retired from Teaching, he paints, writes, and pursues other ventures.
The above bio harvested from the comments of Deans, colleagues, students, clients and collector's.
Nice peace. So what else is new because this info is not. It has been going on in America long before you or I were here. Frankly if you are invested in any way in the stock market, you are essentially condoning their behaviour. Would you buy or donate money to something you believe is bad or wrong? Investing in any way in the market is doing just that. So just hang on to that IRA or 401K and continue to buy into the game.
by
arlen custer (1 articles, 0 quicklinks, 6 diaries, 222 comments)
on Tuesday, March 25, 2008 at 7:48:53 PM
