i want my 10 minutes back. why on earth is everyone so pissed off at oil companies, though, im with you on the citgo. I buy from exxon. they are an american company. most of thier share holders are americans and or american retirment funds, mutual funds etc... these are the people that are the "corperation" that everyone seems to hate.
what they do is take investor money, find a product, get it, refine it, deliver it for the going rate that everyone is willing to pay. they make a 9-11%profit on that money after paying the gov over 40% in taxes. Now all the wackos are saying that they shouldnt make that money. lets take that on. lets take away their profit. now what???
why would they exist, why would they explore for more oil to sell to an ever growing world of users. why do any of it. if we take away the reason for investors to invest(which is profit)there would be no money to go buy that new oil rig, build that new ship, build that pipe line, figure out ways to get new oil or refine previously unrefinable products.
people say, why doesnt one oil company say they are going to sell for less money, they took the oil from the ground, refined it and delivered it in throught their own companies, they can sell it cheaper.
lets say mobil starts selling gas 1$less than any other station around the country, what happens then. first, everyone loves them, fills up their tank in every thing they own, after waiting in line for hours, only to find out that there is no gas left for them.
they dont produce enough of their product to supply the whole country. their supply system would be crushed, drained within a few weeks. now everyone will hate them for not delivering on the promised cheap fuel they said they would give a few weeks ago.
why do that to yourself as a company?
companies are only people that came together to create money. last i checked, that is why i have IRAs invested in energy companies, and also, it is why i go to work.
maybe i should start selling unbreakable windshields, or wiper blades that never wear out, that would be great for buisness. no, come to think of it, ill sell a product people want for a price they are willing to pay, and when they need another one, ill do the same, just like mobil
sorry, i channel gary when i hear people bitching about the evil oil company mobil.