🚀 go-pugleaf

Shawn Hirn wrote:

> In article <slrndg69kv.n8d.kybyrd@pobox.upenn.edu>,
>  kybyrd@pobox.upenn.edu (Karen Y Byrd) wrote:
>
> > On Wed, 17 Aug 2005 06:40:53 -0400, Dr.Stan Broskey <drsjb@localnet.com>
> > wrote:
> > >That is $24,000 Million Dollars after all expenses & raises to CEO etc.is
> > >subtracted ....Exxon Mobil always is upping the price of their gasoline 10
> > >or 15 cents before anyone else adopts that price structure.... It would be
> > >good to boycott any Exxon-Mobil product..... Just don't buy anything off of
> > >Exxon Mobil.     Last week , Exxon/Mobil profits were 8% HIGHER than last
> > >year's.
> > >NO Politician seems to want to tame Exxon/Mobil...they are all probably on
> > >The Take.
> >
> > Interesting how you are posting about Exxon Mobil to a phl. and pa.
> > newgroups.
> >
> > How about citing a local Phila. company that's been raking
> > in huge profits for years... long before the big jump in retail
> > gasoline prices. What's the company? Sunoco.
>
> All the major oil companies are profiting handsomely. Of course, this is
> America where free enterprise reigns supreme, so I expect nothing less
> from these oil companies, and other businesses. Oil companies'
> executives are simply doing their best to return maximum value to their
> shareholders. What's more important, the public good, or bolstering
> shareholders' profits? There are good arguments on both sides of that
> question.

I find it interesting that people get so upset that companies are making money by
selling a product that people wish to purchase. How horrible!  And yet domestic
demand remains very high.  Perhaps it would be better if there no companies
supplying the product.  And I don't recall anyone weeping when oil prices dipped
below $15.00 / barrel a few years ago causing many small domestic oil companies to
throw in the towel forever because they couldn't survive a market that paid less
for oil  then it cost them to produce.

>
>
> My solution to the situation with the high gas prices is to avoid being
> tied to a name brand and use less gas. I buy from independent gas
> stations which are almost always cheaper than the big name stations. I
> also buy the regular gas, not the premium and I chose a car that gets
> good gas mileage. So, in a sense, I have been boycotting Exon/Mobile,
> Sunoco, and Texaco for many years.

Fascinating.  I'm curious who you think refined your gasoline.  Downstream of the
refineries, gasoline is gasoline.  The additive package might change a little
depending on what brand you buy, but the base gasoline of a particular grade in an
EPA gasoline region  is all the same and is typically transported in bulk via
common carrier.


> Those of you who have the money,
> might want to consider investing in these oil companies if their profits
> are so huge.

My Vanguard Energy fund and Exxon stock has done quite well over the last 10 years
or so.