And Why Is The Airline In Trouble?

[Doc]

Excluding a $550 million charge related to a lawsuit, the company reported record earnings of $6.23 billion -- its highest quarterly operating profit ever. Profit of 96 cents a share on that basis also easily beat Wall Street forecasts of 87 cents a share.

On an annualized basis, Exxon's record earnings would surpass even the gross domestic product of nations like Paraguay and Afghanistan.

 

[JS]

So what? The market price of oil is high. If Exxon is producing oil at a cost of $30/barrel and selling it for $50/barrel, they make $20/barrel, and they have every incentive to produce as much oil as possible ($20/barrel times more barrels equals more profits).

 

[FA Mikey]

A barrel of oil on the futures market is 50 dollars plus. It is refined in to gasoline which is also traded on the futures markets. Futures prices are based on supply, demand and anticipated accessibility.

What is happening is bigoil manipulate the market by making us believe that the refining ability is chugging along at 100%. That there is no way to produce or refine more oil to gas. Then on the back side they work to close and restrict refineries.

We are to believe that due to environmental polices they are limited. Please with George bush in office the only policy is pollute to your hearts content. Under his term as governor of Texas, he made it the most polluted state. There is better air quality in LA than Houston.
shell oil closing refinery


Shell oil has decided to back down from there plans of dismantling a refinery and give it 6 more months to try to sell. Closing ensures a tighter supply in gas and assures better profits for oil companies. What are the odds any other company will buy this refinery and operate it? I say zero.

 

[E-TRONS]

A barrel of oil on the futures market is 50 dollars plus. It is refined in to gasoline What is happening is bigoil manipulate the market by making us believe that the refining ability is chugging along at 100%. That there is no way to produce or refine more oil to gas. Then on the back side they work to close and restrict refineries.

You are right on the money

 

[autofixer]

I suppose it has nothing to do with restrictive environmental policies,that will require expensive upgrades to the facilities, thus making them uneconomical to operate? Enjoy the whirlwind you have sown.

 

[E-TRONS]

They have the friggin money to do it many times over!! They just cannot open their greedy fingers long enough for the money to change hands <_< .

 

[FA Mikey]

I suppose it has nothing to do with restrictive environmental policies,that will require expensive upgrades to the facilities, thus making them uneconomical to operate? Enjoy the whirlwind you have sown.

[post="196351"][/post]​

Bush has rolled every enviormental policy back 25 years. If you are in logging, coal or oil these have been the booom years.