2006-07-27 06:50:55 · 19 answers · asked by pickle head 6 in Social Science ➔ Economics
I am sure that Bush and many politicians are happy due to the larger "contributions" (read as bribes), they will get .
I am not happy and feel that a reduction to say 3 times the average American income while all other assets were frozen for that year, might do wonders for their world view.
2006-07-27 07:08:47 · answer #1 · answered by Alan G 3 · 2⤊ 2⤋
it doesnt bother me one bit. Profit is a relationship to sales, and Exxon is a mind-bogglingly large company. Do you know that since March 2006, Exxon has produced over 60 billion gallons of fuel? Do the math, that adds up to 16 cents per gallon. Now compare that to the 50-60 cents a gallon you pay your state local and federal goverments for gas. Now who is raping you?
2006-07-27 13:57:51 · answer #2 · answered by Anonymous · 1⤊ 0⤋
How about the largest shareholders in Exxon-Mobile? Should we boycott them as well?
Barclays Global Investors 4.1
State Street Global Advisors 3.1
Vanguard Group 2.6
JPMorgan Chase 1.5
Wellington Management Company 1.3
Northern Trust Company 1.4
AllianceBernstein 1.4
Fidelity Management and Research 1.3
Wellington Management Company 1.3
Capital Research & Management Company 1.1
Bank of America 0.9
Merrill Lynch Investment Management 0.9
TIAA-CREF Investment Management 0.8
Mellon Financial 0.7
Lord Abbett 0.6
State Farm Insurance 0.6
2006-07-27 14:21:03 · answer #3 · answered by lilimunster38 1 · 0⤊ 0⤋
The rich are getting richer. The poor are getting poorer. And the middle class is getting sqeezed out. My company just pulled health insurance benefits at retirement for those with less than 15 yrs tenure so that the Chief Executives can getting more multi-million dollar bonuses for increased profitability.
2006-07-27 14:03:30 · answer #4 · answered by The Flashman 4 · 0⤊ 0⤋
I feel great -- it shows that they provided value to consumers. Let's not forget they make $0B if consumers don't get value from what they provide.
The driver of the extraordinary windfall was that they were carrying inventory of crude at ~$28 a barrel when the price went to ~$70 a barrel. It's a one-time windfall. Now they will have to rebuild their inventory and are facing significant supply risks in doing so due to challenges in the Mideast, that get worse everyday.
2006-07-27 13:58:03 · answer #5 · answered by kickernick 2 · 0⤊ 0⤋
I don't care since we are the ones who are still filling our vehicals up with their gas and not doing anything about it. Their a buisness and the only way they can rip us off is if we buy their product and let them. the one thing i am pissed about is paying two dollars for a bottle of water...now that is something we should be complaining about!
2006-07-28 09:42:05 · answer #6 · answered by c marie 3 · 0⤊ 0⤋
I think if they are making that much of a profit we the people are getting royally screwed on these high gas price.
2006-07-27 13:52:41 · answer #7 · answered by todayillsee 3 · 0⤊ 0⤋
yeah 6 of the top ten most profitable companies are Oil Companies
2006-07-27 13:53:08 · answer #8 · answered by Anonymous · 0⤊ 0⤋
I would feel better about it if I had stock with Exxon.
2006-07-27 14:47:11 · answer #9 · answered by KATYA 4 · 0⤊ 0⤋
it is price gouging. ive stopped buying gas from them. how much have YOU contributed to exxon-mobil?
2006-07-27 13:52:57 · answer #10 · answered by Stand-up Philosopher 5 · 0⤊ 0⤋