🚀 go-pugleaf

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.

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.

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

"Dr.Stan Broskey" 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.

Well! well! Look who's back!!!
Doctor DUI himself.

You are apparently out of the 
breathalyser scam after being 
ToSed 3 or 4 times.

What is it now?? Financial 
advisor?? You still have not 
proved that your "PhD" is
legitimate.

You have a nice day now, and 
do try to stay straight

--
LP

A little sunlight is the best 
disinfectant," Supreme Court 
Justice Louis Brandeis 
commented. "Never more so 
than when it exposes 
towering hypocrisy."

You're just plain wrong about Sunoco, as any person who has held their
stock for any amount of time can tell you.  For decades, the stock --
and the company -- was in the toilet.  With four refineries in this
area providing many jobs I am glad Sun is finally prospering.
Remember, profits mean jobs.

You're just plain wrong about Sunoco, as any person who has held their
stock for any amount of time can tell you.  For decades, the stock --
and the company -- was in the toilet.  With four refineries in this
area providing many jobs I am glad Sun is finally prospering.
Remember, profits mean jobs.

jimoran wrote:
> 
> You're just plain wrong about Sunoco, as any person who has held their
> stock for any amount of time can tell you.  For decades, the stock --
> and the company -- was in the toilet.  With four refineries in this
> area providing many jobs I am glad Sun is finally prospering.

> Remember, profits mean jobs.

Not necessarily!

The Pew family with firm control of the 
company had little interest in the 
market price of the shares. They cared
nothing for the shareholders. In my
post yesterday 
ID:<430363AA.50AB12DA@execulink.com>
"I did business with the Pews
(sunoco) 40 years ago and they
were not nice to deal with then,
so I doubt if any of the family
are still there that they would
be any better today.

There is a 'cute' little loophole in 
the tax laws that you can float a 
million ton tanker through. It is used 
by companies with offshore interests to 
evade US taxes.

For example, Rupert Murdoch's News Corp 
pays "royalties", deductible from 
taxable income, to an offshore 
"affiliate", then "borrows" it back to 
finance his television operations.
The interest is, of course, a deductible
expense.   

Of course there is a limit to the amount
that can be hidden that way and it is
impossible, in this expanding market, 
for an oil company to "minimize" profits
... <G>

--
LP

"We are fighting today for security, for
progress, 
and for peace, not only for ourselves
but for all 
men, not only for one generation but for
all 
generations. We are fighting to cleanse
the world 
of ancient evils, ancient ills." 

Franklin Delano Roosevelt 
State of the Union Address - 1942

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.

Karen: When crude prices go up the
margin (mark-up) remains the same, 
so if the gas costs (net delivered 
to the pump) $1.00 the dealer gets
charged for example $1.40. 

The dealer adds his 25% making it 
$1.75 (OK $1.749) + gasoline tax
(for interstate highways) and
local sales taxes. The latter is 
why gas is so much cheaper in 
Jersey City  or Hoboken than in 
NYC. Nevertheless the dollar 
gallon is now over $2.

The refiner will always get his
40% over cost, come what may. 
The refiner's risk comes in 
fixing his crude blend so he 
doesn't produce, spring and 
summer, more fuel oil than he 
can store for delivery the 
following winter (weather a 
factor too).

But that is not the only profit
center for the refiners. Sun, 
Exxon, BP, etc do not buy their
crude from the producer, rather
from one or more "offshore" 
"related" companies who mark it 
up providing a nice untaxed 
profit before it reaches the 
dock <G>

BTW- I did business with the Pews
(sunoco) 40 years ago and they
were not nice to deal with then,
so I doubt if any of the family
are still there that they would
be any better.

You replied to Stanley Brosky
your neighbour in one of the near north
suburbs. I would not believe a word he 
says.
 ~~~~~     ~~~~~^~~~~~     ~~~~~
>Well! well! Look who's back!!!
>Doctor DUI himself.

>You are apparently out of the 
>breathalyser scam after being 
>ToSed 3 or 4 times.

>What is it now?? Financial 
>advisor?? You still have not 
>proved that your "PhD" is
>legitimate.

>You have a nice day now, and 
>do try to stay straight

--
LP

A little sunlight is the best 
disinfectant," Supreme Court 
Justice Louis Brandeis 
commented. "Never more so 
than when it exposes 
towering hypocrisy."

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.