Tale of sadness . . (Page 3): 👍👍👍👍...

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Tale of sadness . . .

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Mar 24, 2022 14:51:06 #

Smudgey Loc: Ohio, Calif, Now Arizona

👍👍👍👍

Mar 24, 2022 14:56:02 #

mikee

Canisdirus wrote:

...

But that took an Opec global crisis of major proportions....this just seems to be homegrown...incompetence.

Not incompetence at all. This is good planing by the oil companies. Profits are soaring!

Mar 24, 2022 15:00:26 #

phlash46 Loc: Westchester County, New York

kpmac wrote:

You had me going for a minute, Bill.

Me too

Mar 24, 2022 15:09:48 #

Canisdirus

mikee wrote:

Not incompetence at all. This is good planing by the oil companies. Profits are soaring!

Holy smokes...no.

A few relevant facts.

85% of the worlds oil supply is controlled by governments...not the private sector.

The average NET profit for a corp like Exxon is around 8%. Billion risked for around 8%.

To put that into perspective...Apple's NET is around 22%.

It's the governments.

Mar 24, 2022 16:24:26 #

SteveFranz Loc: Durham, NC

Amator21 wrote:

At SIX dollars a gallon here in Calif!.
Poul

Last fall in Iceland before all the issues in the Ukraine it was nearly $10 a gallon. I shudder to think what it might be now.

Mar 24, 2022 18:50:14 #