Weekly Petroleum Report - 8/31/05

[USA320Pilot]

Today Exxon/Mobil restated their earnings estimates for the third quarter. The company is now estimating a profit over $10 billion for three months. Thus, I submit again the price run-up is due to speculation and not due to supply and demand. By the way, before people discuss the damage incurred to their equipment on the Gulf Coast -- it's all insured.

Regards,

USA320Pilot

 

[TheLarkAscending]

By the way, before people discuss the damage incurred to their equipment on the Gulf Coast -- it's all insured.

Regards,

USA320Pilot

How naive. :blink:

 

[a320av8r]

How naive. :blink:

[post="298404"][/post]​

It is insured.
Guess who's going to pay for it through higher insurance premiums?

All of the money saved in lost pensions, paycuts, lost jobs and so on goes to Exxon/Mobil and the like.

 

[TheLarkAscending]

It is insured.
Guess who's going to pay for it through higher insurance premiums?

All of the money saved in lost pensions, paycuts, lost jobs and so on goes to Exxon/Mobil and the like.

[post="298407"][/post]​

Exactly, you get the cigar!