Comments on: Oil Executives Sucking America’s Life Blood

by: NVDon

Thu, 12 Jun 2008 04:13:28 +0000

Perhaps we shouldn’t be looking at or blaming the oil executives at all but at our own diplomats in Washington, D.C.! It is because of the inability, or unwillingness, of both the Senate and Congress to address the issue directly and not be swayed by the myriad of lobbyists and environmentalists who want to block every piece of legislation brought forth that allows for drilling in places like ANWR, Atlantic off-shore, Pacific off-shore, Gulf off-shore as well as targeted area throughout this country. We have more than enough oil resources to resolve this whole issue but our politicians don’t have the guts to pass such legislation. President Clinton himself vetoed the ANWR legislationg and swore he would not allow any drilling anywhere in the US to take place.

To me, that is pure nonsense and the primary reason for the high gas prices we are experiencing today.

Yes, let’s figure out how to produce alternative energy for the future but in the meantime let’s be smart and use what resources we have right under our feet until such time as the alternative fuels are identified and ready for prime-time. We should have done this back in the 70’s so that we wouldn’t be experiencing this issue today.

As US citizens we need to voice our opinions to all of our representatives and to stress the need to drill now wherever oil is available. The oil companies also need to begin to add new refineries now so they are ready when the new oil wells begin flowing and providing this country with US oil. Our oil imports will dwindle to nothing and so will our costs because we will not be importing. Perhaps we may even have enough to export and offset some of our costs. Gee, that’s a novel idea…

by: ed

Thu, 13 Sep 2007 00:29:59 +0000

First we loose the blue collar sector. Next we have gas that people cant afford. We have a president who is more interested in spending our childrens money and the hell with the little guy who is here. Well I for one will vote against the party in office no matter who they put up. ENOUGH IS ENOUGH WHERE ARE THE PEOPLE WE ELECTED WHEN WE NEED THEM?????

by: Greyfox

Wed, 18 Jul 2007 15:28:24 +0000

Many believe that America is being blackmailed by the oil industry with the intent of forcing the US to open more oil fields in Alaska, off the the west coast, and Florida? Their argument that gas prices will come down when these oil fields are open. The oil companies at the same time are telling us that the major reason for high gas prices is the lack of oil refineries ……..so they import refind gasoline from Europe. If the oil companies do not have the refining capacity to handle more crude oil, why should the US open more oil fields for the oil companies?

by: Ray

Tue, 22 May 2007 09:58:36 +0000

The answer is simple. Gas prices will drop to unbelievable lows.
Start putting the oil executives in jail and take away all their personal holdings.
WHen thei attorneys show up to represent them, put them in jail too.
Put them in jail for price fixing , racketeering, and colusion. Since I’m not an attorney general, I don’t know all the violations the oil companies have commited so I leave it up to them to file charges.

by: Justin

Wed, 26 Jul 2006 19:32:18 +0000

Nick, you have hit a point right on the freaking head! That is what drove me to right this. The fact that such a little percentage is kicked back to the consumers, if BP donated more to red cross even, that money is to help get people back on their feet, back to buying fuel and back to the real world. Not sure who makes the decision on that subject and I’m sure its a weak point, however, you would assume they would donate more, being a deduction and all.

by: Nick

Wed, 26 Jul 2006 18:57:05 +0000

Well I’m not saying who should be mad at who, but when you make that much and donate so little, it’s a little baffling. Try Wal-Mart who makes so much money but donates less than 1% (last time I checked) to anyone. I’m not saying they aren’t doing good for others, but it seems as though the only way to get decent donations are from individuals.

by: Justin

Wed, 26 Jul 2006 13:59:10 +0000

I don’t find any relation of fuel cost fluctuation and my pockets… except for my dwindling cash availability heh.

I remember a local news broadcast including a poll, “Are the current fuel costs causing financial hardship in your family?” I recall, phoning in the answer as no. Really I don’t see much difference, driving is driving, I just find myself driving less and riding more.

Still, let me vent, sheesh!

by: Donna

Wed, 26 Jul 2006 03:44:14 +0000

When we were all paying around $1.50 for a gallon of gas, oil was going for around $30.00 a barrel. Now oil is over $70.00 a barrel. If you want to be mad at someone, the Chinese demand for oil is the real culprit. It’s supply and demand…something we all profit from.

by: Justin

Wed, 26 Jul 2006 02:11:34 +0000

Personally, I’m not aware of their overall profits as well. However, you figure the operating costs are going to be extremely high, yet, I still reckon to believe that they are still incredibly high. Otherwise, there is absolutely no benefit for anyone to invest with the corporation.

I guess a little more research could be useful for a conversation as such. I found myself reading 7 followed by more zeros than I cared to count and realized, holy mother, that is a ton of grip. By grip I mean money and by holy mother, I mean wow..

I believe every article is going to have its anamolies, guess it all just depends on what you wish to point out. I believe, and I just might, in due time, or lack of time and increased boredom come up with a few details to backup my spout off above. BP has an incredibly large bank account, profits could be decreased by donations. The entire goal of a corporation is to reduce overall, visible, profits by as much as possible.

The corporate world depends on depreciation and such to make it appear as though they’re not making near as much money as they are. Its something every company does, always will and we all expect it.

I would say that 7 Billion is still shooting either a) extremely high or b) a little low.

There are two factors BP is concerned with, one– shareholder value and two– profits and loss statements for the end of the quarter.

Not sure where you stand, but I’m sure 1 million was a bit, stengy :)

by: EvilCheeseWedge

Wed, 26 Jul 2006 00:36:25 +0000

National average, fair enough, but by your logic we’re still not gassing up the entire population of the country, so the same flaw applies.

Right, I agree, but it’s a hole worthy of pointy out. If BP’s profits are growing at a rate of 30% compared to last year of the same quarter, then there is definitely some room for arguments. However, I do not know BP’s actual profits this year. Even discounting excessive executive pay you’re going to end up with a lot less profit than gross revenue. And for the record, I didn’t accuse you of lying.

I don’t read USA Today, but if I saw something like this I most assuredly would send them mail. Also, this or the comment before wasn’t “hate mail” merely “forceful criticism”, if you will. Okay, well maybe.