Do you think having an oilman president helped Exxon's record profits?

Question

Again Exxon reported record profits, I guess its just supply and demand, right cons?

Answer 1

There was a secret meeting early in the first term of this president that was suppose to help set the energy policy. Who did he invite, the CEO's of big oil. I think the plans to invade Iraq came out of this meeting. If you create the illusion of a supply cut from the middle east then the price will go up, and it worked. It is about the only thing that this president has done that has worked. He sure is destroying the middle class and bring more poverty to the country with his policy's. Record profits were a result of this meeting. Less then two years and counting.

Answer 2

Actually, it IS supply and demand. What is missing is the understanding that the federal government is setting up the American people.
Check into the DVD "Who killed the electric car". It explains pretty well how the California Air Resources Board along with the federal government, automakers and oil companies killed the electric car, not because it was a bad or unworkable idea but to protect profits.
Interestingly, the federal government under King George II has hooked it's wagon to the star of hydrogen, which is 1) more expensive than current petroleum fuels (from which it is currently extracted to boot); 2) not as environmentally friendly; and needs at least 20 more years of engineering/testing/infrastructure before it can even be considered for release to the public.

It is interesting to note that the documentary mentioned above tells how GM developed a battery powered car (EV1, as well as Ford Th1nk and others) that had a range of 60 miles without recharging. A man whose name I forget developed a suitable battery that extended the range to over 300 miles between charging and sold the rights to GM who sold it to one of the major oil companies and has since disappeared.
The initial costs for EVs is a bit higher than current internal combustion driven vehicles but the operating costs are lower while the envoroinmental impact is near zero.

In short, the government is doing all it can to keep us addicted to oil, which involves keeping us in the middle of the conflicts involving the middle east. Without internal combustion vehicles, the middle east would be of little interest to the US.

Answer 3

Exxon reported record profits, but they did show a 4% drop in the forth quarter. Hopefully that trend will continue.

Well unless you are going to show me that G.W. has a substantial investment in Exxon, then I don't see your point.

That would be the same as saying frivolous law suits reached new highs during the Clinton administration because he is a lawyer.

Unless they are showing some personnel gain then there is no point to the question.

Answer 4

For sure. The guy who blacked out Global Warming bad news now works for Exxon.

Answer 5

So he makes 3 speeches an afternoon for 2 years on the marketing campaign path, and makes a pair of slip-ups. on the different hand, he went to Harvard regulation college and wrote between the suitable memoirs in present day reminiscence by employing a flesh presser, acclaimed by employing in simple terms approximately all who examine it. have confidence me, Harvard does not enable in simple terms absolutely everyone in. And in case you have heard his speeches, you already know how nicely he can paintings with language. i'm sorry your hate won't enable you spot this, yet it somewhat is obviously a incredibly bright guy. i do no longer understand if he has taken an IQ attempt, yet i'm a member of Mensa, and he'd surely slot in on an psychological point.

Answer 6

All corporate profits have seemed to benefit lately. That is not a bad thing. If corporate profits were hurting, we'd all be complaining of that.
The problem is that corporate profit do not seem to be directed in a pragmatic why. Shouldn't we be using this time of wealth building for innovations to make life better. It's clear in everyone's mind that new forms of energy must be developed. Why are we not moving in that direction?

Answer 7

Perhaps. I find several references.

31-08-06 President Mahmoud Ahmadinejad said the Iranian oil industry can excel others in the region thanks to its potentials and specialized, selfless and caring personnel.

Madagascan president woos investors to oil industry
Visiting Madagascan President Marc Ravalomanana on Wednesday tried to persuade money-holding investors from Hong Kong and the Chinese mainland to invest in the French-speaking country's "wealthy" oil resources.

Iran's president-elect says to favor domestic companies in oil industry



Iran's president-elect Mahmoud Ahmadinejad said on Saturday that he would favor domestic companies in the exploitation of the country's oil, state television reported.

"Iran's companies should enjoy preference when we award oil contracts," Ahmadinejad was quoted as saying.

"Oil is the most important assets of our people and we (the new cabinet) will promote the transparency in the oil industry," he added.

Ahmadinejad's remarks were reported soon after the Interior Ministry confirmed his victory in the runoff of the 9th Iranian presidential elections. He has won 61.69 percent of the votes.

His nationalist stance raised worries across the country that the ultra-conservative president-elect will drag the country back into a closed fundamentalist state.

According to official statistics, Iran has 132 billion barrels of oil and 26,800 billion cubic meters of gas in proven reserves, both at the second in the global list.

Source: Xinhua

Answer 8

Very likely!

North Korea definately has nukes and Bush ain't doing anything.

But he is roaring at Iran! Iran is still years away from having nukes.

I have no doubt that it really is about oil.

Answer 9

with a president that was in the oil industry, and didn't do "anything" for the Saudies, and didn't do "anything" to lower the gas prices, and Cheney still involved in the oil industry, we must still believe its supply and demand.... otherwise you are just a liberal

Answer 10

I don't know. Ask Ted Kennedy. The Kennedys (MA) have a lot of mulla invested in oil leases. So do half of the Hollywonks. Give your girl Streisand a shout........