Do you think leftys understand that oil companies RISK BILLIONS to make the profits they make?

Question

Where were all you whiners in 1998 when oil prices collapsed and those investments were losing money? That's what I thought.

Answer 1

DCC III, I am jealous, you are longer winded than I !!! Not saying your right, or wrong, only longer winded, and it would take me hours, using only 2 fingers to type out all of your info/ answer.
Red Forever, who the hell do you think pays the insurance premiums, and if you think the oil companies are making so much, or that there are no risks, THEN WHY THE HELL ARN'T YOU LOADING UP A BASKET OF $100.00 BILLS, AND GOING OUT AND DRILLING AND BECOMING A BILLIONARE???
Sorry, R.P., you took to long to respond to this respondar !!!
Now, for the answer to your question. YES, the LEFTY'S understand, full well, about profit and loss !!!!! That is why there are so many lefty's in politics now !!!! They know that to make THEIR KIND OF / TYPE of profits, they must deal in mega bucks !!!!!!!!!! That is why they "profit" by accepting BRIBES ( aka as contributions from the lobbists), and to TAX the hell out of the RICH !!!! With out the profits from "HONEST ENDIVERS", their socialist ideas would die in those politicians brain dead skulls, from lack of funds, OR THEY WOULD SIMPLY WORK IN A DEFICIATE CONDITION !!!!!!!!!!!!!!!!!!!!!
Uncle Wil!

Answer 2

LMAO, funny guy I like your question coz it sounds a tad paranoid or "redneck"? People love to get rewarded for bad behaviour, LOL life is unfair, have a so what next mentality?

Things like the war in Iraq would end over night if solar powered cars were available cheap and had more umph or grunt than a dogs breakfast with a side serving of projectile dump?

Relevance is perculiar, to me, the war in Iraq is irrelevant, money is the root of all evil?

If we wanna risk billions, why not ethically, morally and socially responsibly, the answer is, people can not handle the truth, or maybe, just can't help themselves, a bit like me answering your question?

It aint gonna matter if ya are left or right if ya aint affording to live, ya gonna go for whoever people blame, sad the politics of blame, as a shifting voter, I just wanna be able to afford to live, aint that bad a motive really, possibly same as you, ya work for an oil giant or political lobbiest?

As highly irresponsible as it may seem, yea, blame the government, if enough do, elections become, unwinnable?

Answer 3

They don't risk a whole lot.With the kind of money they make they can get the best insurance available.In fact 75% of U.S. dollars in this country belongs to insurance companies.So the oil companies have the finacial security they need.I'll bet their insurance bailed them out in 1998.

Answer 4

i have heard of people blogging for big oil, 2 countries i know of will actually pay you , to blog or post about them in a positive light. let us hope this is not the case just now. oil companies are like socialist commies, they get the commie concessions from the government, corporate welfare like grants, subsidies, lower taxes. i don't cry for big oil.

Answer 5

Oil companies in fact risk very little. You ever heard of insurance companies?

Answer 6

Good question. The days are over when you could poke a hole in the ground in Oklahoma.
Most drilling now is offshore.

Answer 7

Nodwell:
The NWO, Bilderberg Plan - Control Oil, Control People

http://www.spingola.com/new_world_order23.htm

There are arguments from both sides of the oil issue: either we are quickly running out of oil or we have adequate oil to meet our requirements for generations. Both sides offer evidence, witnesses, experts and documentation to validate their assertions. Some peak-oil projects, funded by oil companies, are highly suspect. The very credible Lindsey Williams maintains that the North Slope in Alaska has as much crude oil as Saudi Arabia. Governor Frank H. Murkowski said in 2005 that there is enough oil on the North Slope to supply the entire United States for 200 years. [1] Antony Sutton, author of Energy, the Created Crisis, is adamant that we have sufficient oil. Conversely, I have read reports which support the peak oil theory. I personally believe, after research, that “there is enough and to spare.” Doom and gloom, Chicken Little oil scarcity claims have been propagated from the beginning. A scarcity, authentic or manufactured, of any crucial commodity accomplishes the following:

1. Increases profits to those who manipulate that commodity.

2. Allows the controllers to determine availability to the “right” people.

3. In the case of energy – severely impacts lifestyle, progress and prosperity.

4. Extracts more money from an often overburdened consumer.

Henry A. Kissinger, Rockefeller’s well-compensated, multi-purpose minion and long-time member of the Council on Foreign Relations (CFR) said: “Control the oil and you can control entire Continents. Control food and you control people.” [2] Michael Collon, Belgian author said: “If you want to rule the world, you need to control oil. All the oil. Anywhere.” [3]

The first very memorable “oil crisis” occurred in 1973. Nixon, obedient to his handlers, announced the demonetization of the dollar on August 15, 1971. This allowed time for the “real deciders” to plan their strategy. Eighty-four individuals, financial, corporate and political elitists, gathered at Saltsjöbaden, Sweden for the annual Bilderberg meeting. American attendee, Walter J. Levy, outlined the plan for a pending 400% increase in OPEC revenues, the exact percentage that Kissinger would demand of Saudi Arabian Shah. Their intentions were not prevention but rather a scheme on how to manage the projected abundance of oil dollars – what was later referred to by Herr Kissinger as “recycling the petrodollar flows.” The Bilderberg policy was to initiate a global oil embargo. [4]

An internal memo, dated January 8, 1973, from U.S. Bilderberg official Robert D. Murphy suggested a list of participants for the May 1973 meeting. He stated: “There will be room for only 20 Americans at Saltsjöbaden.” [5]

Those attending included Robert O. Anderson of Atlantic Richfield Oil Co., Lord Greenhill, chairman of British Petroleum, Sir Eric Roll of Siegmund G. Warburg (creator of Eurobonds), George Ball of Lehman Brothers Investment Bank, Henry Kissinger, William P. Bundy, Zbigniew Brzezinski (soon to be Carter’s national security advisor), David Rockefeller, Emilio G. Collado, Executive Vice President, Exxon Corp.; Gianni Agnelli, Otto Wolff von Amerongen and Arthur H. Dean, CFR Director (1955-72) and a partner in Rockefeller-oriented Sullivan & Cromwell. Kissinger had requested Warburg to develop the Eurobonds ten years before. [6] A very small scheming elite group, centered in New York and London, influence the economy of the entire world.

The reasons for the “oil shock” were:

1. Launch a colossal assault against world industrial growth.

2. Tilt the balance of power back to the advantage of Anglo-American financial interests.

3. Control the world’s oil flows, their most powerful weapon.

4. Increase the world demand for U.S. dollars. [7]

Egypt and Syria invaded Israel on October 6, 1973 which came to be known as the Yom Kippur War. This war was “secretly orchestrated” by Herr Henry Kissinger, Nixon’s national security adviser as well as Secretary of State. Kissinger effectively managed the Israeli response through his close association with Simcha Dinitz. Kissinger, “Nixon’s intelligence czar,” through privileged channels, misrepresented motives, suppressed communications, and intercepted intelligence reports ensured that the war would progress and end with his “shuttle diplomacy” as planned in May 1973 at Saltsjöbaden. The Arabs, scapegoats for the Elite, were the recipients of the world’s rage and Kissinger was the recipient of the Nobel Peace Prize for 1973. [8]

A “fortuitous coincidence” was that, with oil’s huge price increase, British Petroleum, Royal Dutch Shell and other Anglo-American oil companies were able to substantially recoup the millions they had spent in the exploration of the North Sea oilfields. Meanwhile, in Vienna, OPEC countries met and decided to raise their prices by 70% and initiated an oil embargo on all oil sales to the U.S. and the Netherlands (major oil port for Western Europe) because of the U.S. support for Israel in the Middle East War. On October 17, 1973, OPEC demanded withdrawal of Israel from Arab territories occupied since June 1967 and the restoration of the legal rights of the Palestinians. Nixon was in the midst of Watergate, orchestrated by de facto president Kissinger and assisted by Alexander Haig. [9] There are detectable reasons for Kissinger, a Rockefeller asset, to “Watergate” Nixon, a man he detested and swore he would never work for – he didn’t. [10] In addition, the Watergate fiasco distracted the masses from the grave economic situation.

Uninformed Nixon attempted to get U.S. Treasury officials to force OPEC to lower oil prices but was bluntly instructed, via a memo, that the bankers had mandated the dollar “recycling” program to accommodate the higher oil prices. Jack F. Bennett, Assistant Secretary of the Treasury for International Monetary Affairs (until July 1974), had counseled Nixon towards his 1971 dollar demonetization decision. Bennett, at Kissinger’s direction and according to an established agreement with the Saudis to finance the U.S. government deficits, had arranged for David C. Mulford to go to Saudi Arabia to act as an “investment adviser” to SAMA. His job was to “guide the Saudi petrodollars investments to the correct banks, naturally in London and New York. The Bilderberg scheme was operating just as planned.” [11]

Led by Exxon, some oil companies had created a short supply of domestic crude oil, supported by Nixon on advice from his aids. By January 1974, oil prices had increased by 400%. In December 1974, nine powerful bankers, including David Rockefeller, approached New York mayor Abraham Beame. They made him an offer he could not refuse – unless he assigned management of the city’s vast pension funds to them – the Municipal Assistance Corporation – then their complicit media cronies would financially destroy the city. This decreased the amount of money available for roadways, bridges, hospitals, schools and the laying-off of tens of thousands of city workers in order for New York City, the biggest city in the country, to service their bank debt. Similar circumstances occurred in other parts of the world: bank collapses, grave trade deficits, unemployment, inflation, and industrial and transportation depression in the more industrial nations. In third-world countries, the consequences were even more severe. [12]

While devastating to the populace, the oil companies flourished: Exxon, Mobil, Texaco, Chevron, and Gulf. OPEC’s petrodollars were deposited into the right banks in New York and London: Chase Manhattan, Citibank, Manufacturers Hanover, Bank of America, Barclays, Lloyds and Midland Bank. [13] These events set the stage for the debt crisis of the 1980s.

The globalist decision of August 1971 to remove the dollar from a fixed, gold-backed exchange rate system generated a shift to double-digit inflation, urban decay, mounting unemployment and excessive interest rates. The Kissinger-orchestrated Middle East oil crisis of 1973-74 was designed to de-industrialize and eventually transform the United States from the world’s largest creditor nation to the world's biggest debtor nation.

A review of history further helps to reveal ruthless business patterns that have shaped current circumstances – including yet another war resulting in death and bloodshed for the benefit of the greedy, insatiable elite.

Beginning with the Civil War, the opportunistic, monopolistic John D. Rockefeller sold inflated-priced Harkness whiskey to the Federal troops. Recognizing the huge profitability in war with the right commodity, he built his first oil refinery in 1863 along the Cuyahoga River (Ohio) to accommodate the growing needs of the raging Civil War which he and others, like J. P. Morgan, had purchased their way out of for $300.

The Rothschild controlled National City Bank of Cleveland gave Rockefeller his first loan. In 1865 Rockefeller, for $72,500, bought out his partners (Henry Flagler, Samuel Andrews, Stephen V. Harkness) and price-chopped or otherwise destroyed his competitors by purchasing supporting industries such as pipelines, railroad tank cars, terminal facilities and barrel manufacturing factories. He soon incorporated the growing imperialistic Standard Oil Company in 1870 to fully exploit the growing Russian kerosene market as well as the curative “snake-oil” market in the U.S.

In what Ohio historian Christopher Eiben called “a brilliant stroke of corporate back scratching,” “Rockefeller sold shares to bankers who lent him millions and railroaders who gave him great freight deals, including rebates on rivals' shipments.” [14] “Working through the Wall Street firms of Kuhn, Loeb & Co., and J. P. Morgan Co., the Rothschilds financed John D. Rockefeller so that he could create the Standard Oil Empire. They also financed the activities of Edward Harriman (railroads) and Andrew Carnegie (steel).” [15]

By 1873 Standard Oil, by hook or crook, had acquired about 80 percent of the refining capacity in Cleveland which was about one third of the U.S. total. Interestingly enough, the stock market crashed on September 18, 1873 and created a six year recession allowing Standard Oil to seize refineries in Pennsylvania's oil region, Pittsburgh, Philadelphia and New York. Rockefeller controlled approximately 90% of the oil refined as well as most of the oil marketing facilities in the U.S. by 1878. [16] Ruthless Rockefeller, who detested competition, founded the first global monopoly and was supplying 90% of the world’s oil, 70% overseas. Great Britain also experienced economic depression in 1873 replete with pandemic unemployment and bankruptcies. Two years later, the Rothschilds provided a sizeable loan (£4,080,000) to enable the British government to acquire a controlling share of the Suez Canal. [17]

Rockefeller had built the world’s biggest business in Cleveland, Ohio. Standard Oil sold over “300 refining byproducts” from Vaseline to chewing gum. In 1882, he created the Standard Oil Trust, suggested by Samuel Dodd, Standard Oil’s attorney, to eviscerate and devour all of the independent oil producers and refiners both nationally (250 competitors in the U.S.) and internationally. A trust is when stockholders in a group of companies transfer their shares to a single set of trustees who control all of the companies which constitutes a monopoly. “In exchange, the stockholders received certificates entitling them to a specified share of the consolidated earnings of the jointly managed companies.” [18] Rockefeller’s “trust” became an example to other “businessmen” who embraced the “trust” concept – always at the expense of the working man. Rockefeller took his growing Goliath to Manhattan in 1883 where he “influenced urban sprawl.” [19]

Russia’s oil industry accelerated in the latter part of the 19th century due to an oil boom at the Caspian Sea town of Baku, which had opened in 1873 and at Galicia (now in Poland). The Rothschild banking family had major interests in the oil-wells of Baku, Russia. Beginning in 1875, Ludvig and Robert Nobel built an oil empire known as the Brothers Nobel, or Branobel, based on oil deposits in Baku on the Caspian Sea. [20] By 1883, Standard Oil’s imports were not as essential to the Russian market for reasons that follow. [21]

Britain’s Marcus Samuel, future founder of Shell Oil, developed tankers capable of carrying oil in cost-cutting bulk transport through the Suez Canal. The maiden voyage of the “Murex,” the first tanker, was in 1892. Remember, Great Britain had a controlling interest in the Suez Canal, thanks to the Rothschilds. Marcus and his brother also established bulk oil storage at ports in the Far East. In addition, they contracted with a Russian group, controlled by the Rothschilds, “for the long-term supply of kerosene” which put them in high-risk direct competition, abhorrent to Rockefeller, with Standard Oil. The Samuel brothers named their company The Tank Syndicate but renamed it in 1897 to the Shell Transport and Trading Company. [22]

Rockefeller and his accomplices felt that they were above the law until the passage of the Sherman Antitrust Act on July 2, 1890, enacted by Congress based on their Constitutional power to regulate interstate commerce. It was signed into law by President Benjamin Harrison. In 1892, the Ohio Supreme Court ordered the disbanding of the Standard Oil Trust, an illegal monopoly. “Standard Oil was subsequently reorganized in 1899 as a holding company under the name of Standard Oil Company of New Jersey. That state had conveniently adopted a law that permitted a parent company to own the stock of other companies.” [23]

In 1896 Standard Oil contributed $250,000 to Republican William McKinley's presidential campaign against Democrat William Jennings Bryan, a supporter of antitrust legislation. [24] McKinley was opposed to the imperialistic, expansionist Spanish-American War. Yet, to retain office in the next election, he asked Congress to declare war against Spain in 1898. He signed the Gold Standard Act in 1900.

In September 1901, William McKinley, allegedly a Rockefeller tool, was shot by Leon Czolgosz (son of Polish immigrants), labeled as an “anarchist” although he didn’t belong to any rebel groups. Czolgosz was immediately “tried and executed by the Establishment.” The assassination was manipulated by the Establishment to subtly discredit rebellion and anyone who might justifiably dissent. The Elite, in any age, would actually prefer to prohibit dissent. It is similar to our current administration saying: “Let us never tolerate outrageous conspiracy theories concerning the attacks of September the 11th…” [25] and by implication – let us never tolerate conspiracy theorists.

Following the assassination, various anti-sedition and anti-conspiracy laws were passed by the Establishment. Who benefited by McKinley’s death – Teddy Roosevelt who was supported by the contending Morgan (as opposed to Rockefeller) wing of the Republican Party. Roosevelt immediately started using the anti-trust weapon to try to destroy Rockefeller's Standard Oil and Harriman's Northern Securities, both bitter enemies of the Morgan world empire. [26]

Woodrow Wilson, son of a Presbyterian minister, had the financial and political support of the Rockefellers, Jacob Schiff, Bernard Baruch, and others in his successful 1910 bid for governor of New Jersey. They also had the love letters he wrote to Mary Peck, his mistress while he was president of Princeton (1902-1910), for which they paid $65,000. [27] Therefore he later made the perfect, morally compromised presidential candidate. The following unconstitutional acts were engineered during the administration of the obedient Rockefeller minion, Woodrow Wilson:

1913: The Sixteenth Amendment – authorized income taxes (never ratified)

The Seventeenth Amendment – direct popular election of Senators

Underwood Tariff – lowered duties

Federal Reserve Act – created the un-federal Federal Reserve System

Through the years, Standard Oil received bad press as a result of their cutthroat business practices and the muckraking reports of people like Ida Tarbell and writer/activist Upton Sinclair. Rockefeller hired Ivy Lee in 1914 as their public relations manager to clean up their image and appear philanthropic. [28] A public relations professional, with media complicity, also discredits or disgraces any national or foreign opponent.

For decades, voters merely decide to cast a vote – the actual decisions regarding candidates and the orchestrated consequences of those calculated choices are made in covert CFR committee meetings, Bilderberg assemblies, pentagon offices and corporate boardrooms. Voters ultimately suffer the extreme penalties and the elite benefactors, the “deciders” remain unscathed.

Continued . . .