Oil Companies made 78 billion dollars last year. The head of Exxon Mobile got a 400 million dollar payout?

Question

Are you ok with that? Do you feel like a SUCKER everytime you put gas in your tank?

This is more about big business in the U.S.

Americans get ripped off and do nothing. We get ripped off by the phone companies; electric companies; cable companies; cell pphone companies and we just pay the bills and say nothing. They treat us like idiots!

We can forget about the politicians saying anything because a lot of these companies are wining and dining them and giving them huge campaign contributions. They are laughing at us! They have to be.

They throw up smoke screens, like immigration, abortion, and same-sex marriage to divert our attention away from real issues.

When will we wake up?

Answer 1

You forgot about insurance companies.

Most people have NO CLUE that insurance touches almost every aspect of their lives, and the wrong move will cost them.

Every time you visit your doctor, you have to be careful of the words you use, and what the doctor puts in your medical files.
I recently had a client be declined for life insurance because she had a fainting spell last year.

If the insurance underwriter doesn't like what they read in your medical files, you could either be declined coverage, or your rates will be high for life insurance, health insurance and long-term care insurance.

Auto insurers don't base your rates on your driving record. Your rates are based on YOUR ZIP CODE! Most people don't know that. You could have a flawless driving record, but depending on where you live, your rates could be just as high as someone who has had accidents. Fortunately in California, thats about to change.

You have it right. The issue of big business and how they bilk us should be addressed.

But Good Luck getting anyone to listen.

Answer 2

I don't know if I feel like a "sucker" but I know it is a situation that I cannot control nor can I look for an alternative source of supply. We all depend on oil and I guess we are willing to pay $3.00 a gallon to maintain our current and past driving habits. Although we are paying 200% more for gas than what we paid 3-4 years ago - look around. How many carpools do you see. As best I can tell, there are more cars on the road with just a single driver than what there was before.

It is not a question of availability or if there is a shortage of oil. There is plenty of oil and people of our country use more per capita than any other country. Nowadays, countries like India and China are experiencing tremendous growth and have a much greater need for oil. Not only do they have a need, they are willing to pay the higher price - so we too get stuck with $3.00 a gallon gasoline. I don't think this price creep is going to end anytime soon. We need to change our driving habits so we get the most from our purchase.

P.S. These same oil companies are making much more of a profit this year than the $78 billion you mentioned.

Answer 3

At $3.25 a gallon we are being GOUGED.
I think they (the oil companies) should be regulated like a utility - such as electricity, gas, water - in some form anyway because they have proven to be irresponsible as a free enterprise.
Gasoline, at least for the time being, is a necessity, and should be regulated as such.
But take heart - the gasoline companies days are numbered. It is amazing to me that we still use gasoline - I cannot believe that the technology is not there or could not have been developed by now for alternatives.
The oil companies really have their claws dug in, and we pay.

Answer 4

I knew this, and I am furious. What the hell could this geezer need 400 million dollars for? He's already super rich off of oil. Why does he need 400 million more? What did he do to help humanity, that deserves 400 million dollars for a RETIREMENT package. My dad was a cop for 25 years, and didn't get anywhere near that for his pension. He was a hostage negotiator, and put his life on the line to help people. What about the cops, firefighters, soldiers, and others, who truly deserve the money? No. Some fatass CEO gets it because his stock went up. I hope he gets cancer. I really do. Because all the money in the world can't make that go away. After seeing 2 family members wither away at the exact same time with different forms of cancer, I know money can't buy health. This man needs to wake up. He needs some problems in his life.

Answer 5

What you fail to understand is that oil is a commodity. It is bought and sold on commodity markets all over the world. When there is a shortfall in supply the bidders on the commodity market "bid up" the price, knowing they can turn around and sell that oil for a higher price.

Yes, the oil companies do profit from all this bidding but the "middle man" (commodities bidders) make a bundle off of it too.

As far as the head of Exxon-Mobil getting that huge sum; Hey! the oil company agreed to it.

p.s. It would probably surprise you how much cheaper a gallon of gas would be without state and local taxes.

Answer 6

doesnt this belong in the politics section. You haven't seen the latin meaning of the word politics; poli- means many and tics means blood-sucking creatures. So it means many blood-sucking creatures. Thus we shall never wake up b/c the vast majority of the population is stupid.

Answer 7

With how much this has been reported with their record sales, I'm surprised more people haven't done something about this. Where are the politicians and all their promises to help people when it comes to this issue?

Answer 8

You have to realize that we have to have money to give to the 3 stoogies george,chenney, and runsfelt, now when you split it all up it only leaves us with $2-3,000,000.00 for 3 months work plus the perks// Try living on that meat head///

Answer 9

yea i do if i didnt live in michigan i would ride my bike everywhere but that snow can be a killer but anyway they're nothing but old greedy men trying to squeeze as many pennies as they can from ppl with real financial problems

Answer 10

I feel grat that they provide gas for my car to run on.... I suppose you don't own a car with that sort of attiude?