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Thread: Exxon/Mobil sets new record for profit in the U. S.

  1. #1

    Exxon/Mobil sets new record for profit in the U. S.

    http://news.yahoo.com/fc/business/oil_and_gas

    The world's largest publicly traded oil company said Thursday high oil and natural-gas prices helped its third-quarter profit surge almost 75 percent to $9.92 billion, the largest quarterly profit for a U.S. company ever, and it was the first to ring up more than $100 billion in quarterly sales

  2. #2
    Cyburbian michaelskis's avatar
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    Yea, it sucks...

    So, what are we going to do about this? Nothing... yea I thought so.
    Invest in the things today, that provide the returns tomorrow.

  3. #3
    Cyburbian Bubba's avatar
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    ...the largest quarterly profit for a U.S. company ever, and it was the first to ring up more than $100 billion in quarterly sales
    And??? Congrats to Exxon/Mobil - wish I had some stock...

  4. #4
    Chairman of the bored Maister's avatar
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    Quote Originally posted by michaelskis
    Yea, it sucks...

    So, what are we going to do about this? Nothing... yea I thought so.
    We could always nationalize oil production and then everyone could benefit instead of getting it stuck to 'em.....
    People will miss that it once meant something to be Southern or Midwestern. It doesn't mean much now, except for the climate. The question, “Where are you from?” doesn't lead to anything odd or interesting. They live somewhere near a Gap store, and what else do you need to know? - Garrison Keillor

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    Cyburbian Budgie's avatar
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    Quote Originally posted by michaelskis
    So, what are we going to do about this? Nothing... yea I thought so.
    Of course we won't do anything, addicts will do whatever it takes. I'm just surprised that they don't price gas to maximize profits or maybe they are it's just that our dependency is going up. It don't matter to me.

    I just hope there isn't a rash of brewery mergers.
    "And all this terrible change had come about because he had ceased to believe himself and had taken to believing others. " - Leo Tolstoy

  6. #6
    Cyburbian michaelskis's avatar
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    Quote Originally posted by Maister
    We could always nationalize oil production and then everyone could benefit instead of getting it stuck to 'em.....
    And how would you suggest we do that? Seriously, if you know how to get everyone on board and make it happen.
    Invest in the things today, that provide the returns tomorrow.

  7. #7
    Cyburbian zman's avatar
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    Quote Originally posted by Maister
    We could always nationalize oil production and then everyone could benefit instead of getting it stuck to 'em.....
    Sounds like Socialism. A good thing (IMHO) but a scary word to many Americans... Sad...
    You get all squeezed up inside/Like the days were carved in stone/You get all wired up inside/And it's bad to be alone

    You can go out, you can take a ride/And when you get out on your own/You get all smoothed out inside/And it's good to be alone
    -Peart

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    Yee-haw! Where' my SUV?

    Did we have any doubts that with $3.00/gallon gas that someone was going to see a profit?
    Forechecking is overrated.

  9. #9
    Cyburbian michaelskis's avatar
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    Or... or maybe we as planners should convince our local City Councils, Civic Leaders, and maybe even state governments that something has to be done to break away from our auto dependant lifestyle and start promoting public transportation.
    Invest in the things today, that provide the returns tomorrow.

  10. #10
    Cyburbian Budgie's avatar
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    Quote Originally posted by michaelskis
    Or... or maybe we as planners should convince our local City Councils, Civic Leaders, and maybe even state governments that something has to be done to break away from our auto dependant lifestyle and start promoting public transportation.
    Until you actually start trying to go places in a means other than a car, you shouldn't be suggesting that we break away from auto dependancy. This question is for everyone and maybe it deserves it's own thread.

    When is the last time you went to a store, restaurant or work without using a car?

    I would rather see Schwin earn that much money.
    "And all this terrible change had come about because he had ceased to believe himself and had taken to believing others. " - Leo Tolstoy

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    I think we are on a start with some of the planning concepts that are out there. It's a huge shift in policy to go from auto dependancy to biking/mass transit/walking. It's not going to be accomlished overnight....
    Forechecking is overrated.

  12. #12
    Cyburbian abrowne's avatar
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    Quote Originally posted by Maister
    We could always nationalize oil production and then everyone could benefit instead of getting it stuck to 'em.....
    Well, except those that buy stock. They wouldn't be too cheerful.

  13. #13
    Cyburbian michaelskis's avatar
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    Quote Originally posted by Budgie
    Until you actually start trying to go places in a means other than a car, you shouldn't be suggesting that we break away from auto dependancy. This question is for everyone and maybe it deserves it's own thread.

    When is the last time you went to a store, restaurant or work without using a car?

    I would rather see Schwin earn that much money.
    Actually, I often do go many places without my car. I have been known to walk or ride my bike the two miles each way to work. I also will walk to the YMCA or this little plaza that has a coffee shop, a pizza store, and a grocery store. Last time I rode my bike was this morning so I could go to the YMCA before work. I would ride to work, but I have ½ between work and class to get 12 miles.

    The only time that I have to drive is to class, and that is only because the closest bus stop is 4 miles from my apt. I have written letters to the bussing company asking them to extend the bus lines further south, but no such luck as of yet.

    I have also been trying to get the director to include requirements for bike racks for new developments, but I have had no luck thus far.

    I guess this another egg / chicken thing. What comes first, alternative transportation or people who would ride it.
    Invest in the things today, that provide the returns tomorrow.

  14. #14
    But you're suggesting that there's something wrong with capitalism!

  15. #15
    Cyburbian Planit's avatar
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    ConocoPhillips did an 89% increase with $3.8 billion profit
    "Whatever beer I'm drinking, is better than the one I'm not." DMLW
    "Budweiser sells a product they reflectively insist on calling beer." John Oliver

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    Cyburbian Budgie's avatar
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    Quote Originally posted by michaelskis
    I guess this another egg / chicken thing. What comes first, alternative transportation or people who would ride it.
    Shifting transportation preferences. To create alternatives, you need there to be a demand for alternatives. Demand has to act independent of supply, otherwise supply has nothing to react to. Lots of people drive 3 blocks to go to the fitness center.... they demand petrol.
    "And all this terrible change had come about because he had ceased to believe himself and had taken to believing others. " - Leo Tolstoy

  17. #17
    Cyburbian michaelskis's avatar
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    Quote Originally posted by passdoubt
    But you're suggesting that there's something wrong with capitalism!
    I don’t think that it is so much capitalism when the government regulates that funding needs to be used for highways.
    Invest in the things today, that provide the returns tomorrow.

  18. #18
    Cyburbian Bubba's avatar
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    Quote Originally posted by Planit
    ConocoPhillips did an 89% increase with $3.8 billion profit
    Echoing my previous comment on this thread - good for ConocoPhillips - I wish I had some stock...

    Frankly, I have no problem with a company that can turn a profit (without breaking the law) - after all, that's pretty much the number one reason why they're in business...

  19. #19
    Cyburbian
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    I am not sure what the issue is here? Good for them. Good for my portfolio.

    When electric car companies start turning a profit, perhaps I will invest in them as well.

    And maybe the nationalization thing was suggested as a joke...why would that work exactly?

  20. #20
    Cyburbian Budgie's avatar
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    Quote Originally posted by gkmo62u
    I am not sure what the issue is here? Good for them. Good for my portfolio.

    When electric car companies start turning a profit, perhaps I will invest in them as well.

    And maybe the nationalization thing was suggested as a joke...why would that work exactly?
    The only issue I see is that there is a general lack of competition, ability to enter into the market and an obvious stranglehold on the introduction of new automobile technologies that will decrease oil dependancy..... but hell, while oil is cheap.... why bother.

    The other stranglehold is on politics..... Oil and car companies can do whatever they want.
    "And all this terrible change had come about because he had ceased to believe himself and had taken to believing others. " - Leo Tolstoy

  21. #21

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    Quote Originally posted by gkmo62u
    I am not sure what the issue is here? Good for them. Good for my portfolio.

    When electric car companies start turning a profit, perhaps I will invest in them as well.

    And maybe the nationalization thing was suggested as a joke...why would that work exactly?
    Do you really think the oil industry, an oligarchic cartel which includes government-owned companies, and which is notorious for imposing externalities on the environment and populations not connected to the elites is an example of Adam Smith free market capitalism? :

    Not that I really believe "nationalizing the industry" will ever happen or even really solve anything (so I'm not really a commie ) So yes, I hope it was a "joke," too

  22. #22
    Cyburbian imaplanner's avatar
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    Quote Originally posted by Bubba
    Echoing my previous comment on this thread - good for ConocoPhillips - I wish I had some stock...

    Frankly, I have no problem with a company that can turn a profit (without breaking the law) - after all, that's pretty much the number one reason why they're in business...
    Does anyone know how much of the quarter that was just reported included the time after Katrina? If the serious increases in gas prices after Katrina had anything to do with that then that is plain evil. Although on the flip side- Americans obviously did not stop buying gas - they just complained alot about it.

  23. #23
    Quote Originally posted by Maister
    We could always nationalize oil production and then everyone could benefit instead of getting it stuck to 'em.....
    They're already a public company. If you want to benefit from their business you should buy some stock. People who don't want anything to do with the business can choose not to own stock. Absolutely nothing will be gained from nationalization other than making oil even more expensive.
    Quote Originally posted by Budgie
    Until you actually start trying to go places in a means other than a car, you shouldn't be suggesting that we break away from auto dependancy. This question is for everyone and maybe it deserves it's own thread.

    When is the last time you went to a store, restaurant or work without using a car?

    I would rather see Schwin earn that much money.
    How did people live before they had cars? How do people live without cars today? Surely it's unthinkable. Death would follow within days of non-car ownership.

  24. #24
    Cyburbian AubieTurtle's avatar
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    Quote Originally posted by zmanPLAN
    Sounds like Socialism. A good thing (IMHO) but a scary word to many Americans... Sad...
    We've already socialized the road side of the automobile equation, why not the fuel side too? Just look at how quick the public was to support gas tax waivers, price controls, and price gouging laws when gas went over $3/gallon. For most of the public, the free market and democracy are only as good as the cheap goods it provides. Take that away and all kinds of craziness is possible.
    As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will reach their heart's desire at last and the White House will be adorned by a downright moron. - H.L. Mencken

  25. #25
    Cyburbian Plus PlannerGirl's avatar
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    Im curious if this has any of the repairs or losses from the storms taken into account. If it does and there is STILL that much profit my guess is heads will roll on the Hill
    "They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety." Ben Franklin

    Remember this motto to live by: "Life should NOT be a journey to the grave with the intention of arriving safely in an attractive well preserved body, but rather to skid in sideways, chocolate in one hand, martini in the other, body thoroughly used up, totally worn out and screaming 'WOO- HOO what a ride!'"

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