Friday, December 25, 2009

Should I quit buying gas because I don't like oil companies

Several people here insist that gas is some sort of product like coca cola or pretzels, that if you don't like it just don't buy it. They go on about how oil companies have the lowest mark-up. But when you *need* to buy their product to survive, who cares about these claims. It is such a high volume market that they can have low mark-up and still make fortunes. How short sighted can a person be to make these comparisons?Should I quit buying gas because I don't like oil companies
I love this reasoning too. We need it for nearly everything. People also say you can ride a bike or whatever else. I live 43 miles from work- one way and there is no public transportation in my area. Around here we must drive long distances to get anywhere. Sure I have consolidated grocery trips to every other week and if I forget something oh well. Should I quit buying gas because I don't like oil companies
';I live 43 miles from work- one way and there is no public transportation in my area.'; - Your choice. You could live closer to work.


';Around here we must drive long distances to get anywhere.'; - Because of the choice you made to live where you do. Report Abuse

No, you need to look harder as to why you do not like oil companies. I would bet your dislike is not warranted. You yourself speak of the high volume of sales, and the need. Need and global sales would make your widget company have large profits as well. Are you ad that these companies make fortunes even with small mark ups? Are we independent of what they are selling today? You should be thanking them that they do have such a low mark up, because profits are not illegal in a capital based society.
You don't *need* their product. You have made the choice to drive instead of to walk, ride a bicycle or take the bus. Even if you decide to drive, you can also decide to drive less. Consolidate trips etc. It's a choice.
Sadly, it is one of those things that you can't do anything about unless you have the political and diplomatic clout to change things.
just properly inflate your tires, and get regular tune ups. Obama says that will bring down gas prices....yea righthahahaha






Typical liberal response above..';you dont need thier product';...... guess you computer there at the Starbucks was made out of corn.
Go ahead and quit buying their gas. Won't make much of a dent in their billions in profit.
Yes and you should stop buying toilet paper too.

Soon, when we have plug in all electric cars, will all the gas stations, oil companies and mechanics to out of

business? Will buying an all electric car be as simple and cheap as buying a refrigerator or a vaccum cleaner?Soon, when we have plug in all electric cars, will all the gas stations, oil companies and mechanics to out of
LOL! The Gas Companies out of Business!!!


No, they won't go out of business, they will develop new ways to produce petroleum, and they will shift into electricity generation and the production of batteries for the cars.

Stock market shocker: oil companies and Northrup Grumman UP today - everything else DOWN.?

Is it a surprise that defense contractors and oil companies are doing fantastic with a republican in office? While the rest of the economy is in the toilet.Stock market shocker: oil companies and Northrup Grumman UP today - everything else DOWN.?
';I would say, by any commonsense definition, we are in a recession,';





';the U.S. economy is essentially in a recession even if it hasn't met the technical definition of one yet.';





Warren BuffettStock market shocker: oil companies and Northrup Grumman UP today - everything else DOWN.?
so what else is new?
so you weren't smart enough to short the market?





Thank your teachers in the union.








Market is way up since 911
Under Bush the Oil, Medical and defense companies make record profits while the stock market as a whole has gone up only 4% in 7+ years. (11723-12224) and the dollar has lost half its value.





What a great Republican economy!
Its a coincidence. If you knew anything about the market you would know that.
I have been for months answering questions here about the oil companies are not driving up oil prices, the declining dollar is. Below is a link to an AP news story posted today that proves my point and explains why:





http://biz.yahoo.com/ap/080303/oil_price…





As for your note about the DOW, it has only increased with the rate of inflation for the last 7 years. There hasn't been any real growth.
nope
interesting because a quick glance shows that GE (a big global warming profiteer) is up today too. yet its snowing in texas.





but thats okay right because you agree with that one
No.





Oh, if only we had heeded the warnings of Eisenhower about the military-industrial complex. Funny, how the last good Republican president of the 20th Century is completely forgotten by the current members of the Republican party, especially the neoconservatives.





As for the oil-companies, I'm sure glad that American tax dollars are being spent on corporate welfare for them while they continue to reap exorbitant and historic profits.





Nothing like a corporate oligarchy disguised as a democracy.
Damn that Bush!


If he would only start selling his OIL and DEFENSE stocks!





Considering my 401(k) has both oil and defense stocks as part of its portfolio... YAY! Maybe I can retire early.
Must be all of that good ole fashion capitalism they're doing over there.
  • greek theater
  • oil gas
  • How to find oil companies in the web?

    google the name of the oil company.good luckHow to find oil companies in the web?
    Well there is ONLY one answer for you : just enter a search engine like www.yahoo.com or www.google.com and search for ';'; oil companies ';'; . Simple....like that !!! :)


    If you wanna know more.....


    Feel free to contact me on yahoo messenger for more details.How to find oil companies in the web?
    A list of largest petroleum companies is always somewhat arbitrary as state-owned companies operate differently as private-owned ones. A somewhat dated list by Oil production in million barrels in 1998 is:[1]





    Saudi Arabian Oil Co. 3028


    Petroleos Mexicanos 1278


    Petroleos de Venezuela 1258


    China National Petroleum 1168


    BP Amoco + Arco 963


    ExxonMobil 894


    Royal Dutch/Shell 859


    Nigerian National Oil Co. 772


    Iraq National Oil Co. 770


    Kuwait Petroleum 757


    Chevron + Texaco 756


    Chem-Energy Corporation 10 see [1]


    [edit]


    Alphabetical list of companies


    Alon USA, United States


    Amerada Hess Corporation, United States


    Anadarko Petroleum Corporation, United States


    Arbusto Energy, United States


    Bharat Petroleum Corporation Limited, India


    BHP Billiton, Australia


    BP, United Kingdom


    Cairn Energy, India


    Canadian Natural Resources, Canada


    Chevron Corporation, United States


    Chem-Energy Corporation, United States. see [2]


    Citgo, Venezuela


    CNOOC Ltd., China


    ConocoPhillips, United States


    Cupet, Cuba


    Devon Energy, United States


    Ecopetrol, Colombia


    Enbridge, Canada


    EnCana, Canada


    Elinoil Hellenic Petroleum Comopany S.A., Greece


    Eni, Italy


    Essar Oil, India


    Prize Petroleum CO.LTD., India


    HOECL, India


    Jubiliant Empro, India


    JHON ENERGY, India


    Selan Exploration Tech.Ltd., India


    Gujarat Oleo Chem Ltd., India


    Geo Global Resources., India


    Petronet LNG Limited, India


    Gujarat Gas Co. Ltd., India


    Charottar Gas Sahkari Mandli., India


    Piyush Petroleum Co. Ltd, India


    Pankaj Petroleum Co. Ltd, India


    ExxonMobil, United States


    Gujrat State Petroleum Corporation, India


    Gulf Oil, United States


    Halliburton, United States


    Husky Energy, Canada


    Imperial Oil, Canada


    Indian Oil Corporation, India


    Irving Oil, Canada


    Grupa LOTOS, Poland


    Kerr-McGee, United States


    Koch Industries, United States


    The Louisiana Land %26amp; Exploration Company, United States


    LUKoil, Russia


    Marathon Oil Corporation, United States


    Maxol Group, Republic of Ireland


    Neste Oil, Finland


    Norsk Hydro, Norway


    North Atlantic Petroleum, Canada


    Oil India Limited, India


    OMV, Austria


    ONGC, India


    Orlen, Poland


    Petr贸leos de Venezuela, Venezuela


    Petroleos Mexicanos, Mexico


    Petro-Canada, Canada


    Petro Peru, Peru


    Petrobras, Brazil


    PetroChina, China


    Petroconpak, Pakistan


    PetroKazakhstan, Canada


    Petronas, Malaysia


    Petrotrin, Trinidad and Tobago


    Pertamina, Indonesia


    Pogo Producing, United States


    PSO, Pakistan


    Qatar Petroleum, Qatar


    Reliance Industries Limited, India


    Repsol YPF, Spain


    NNPC,Nigeria


    Royal Dutch Shell, Netherlands, United Kingdom


    Santos Limited, Australia


    Saudi Aramco, Saudi Arabia (the largest in the world)


    Shell Canada, Canada (subsidiary of Royal Dutch Shell)


    Shell Oil Company, United States (subsidiary of Royal Dutch Shell)


    Ship N Oil Corporation, United States SEE.[3]


    Sinclair Oil, United States


    Sinopec, China


    Sonangol, Angola


    Sonatrach, Algeria


    SPC, Singapore


    Statoil, Norway


    Sunoco, United States


    Suncor Energy, Canada


    Surgutneftegaz, Russia


    Syncrude, Canada


    Talisman Energy, Canada


    Teikoku Oil, Japan


    Todd Energy, New Zealand


    Total, France


    T眉pra艧, Turkey


    Vaalco Energy Inc., United States


    Van Doren Oil, United States


    Woodside Petroleum, Australia


    YPFB, Bolivia


    YUKOS, Russia

    Why can't the US government rescind some of the tax breaks to the Oil Companies,?

    and use those funds to build some Refineries. There seems to be p[lenty of oil but not enough refining capacity. How many refineries could we build for the $120 billion dollars we will be spending in Iraq?Why can't the US government rescind some of the tax breaks to the Oil Companies,?
    Alot, but it's a NIMBY (Not In My Back Yard) issue.....No one wants a refinery near them.. ....Also, the government can, but it won't. All the politicians in Washington DC are bought and paid for by big oil lobbyists. And don't forget the President and VP both come from oil backgrounds. Also, you know why the oil companies are having trouble building oil refineries in the US? It's not money...It's all the red tape and regulations of the EPA (Environmental Protection Agency)...They say it takes 10-15 years from start to finish to build a refinery because of EPA.Why can't the US government rescind some of the tax breaks to the Oil Companies,?
    The real question is, where could we build these refineries? All the special interest groups have for 30 years fought any effort to build any.
    there's so much red tape involved in building an oil refinery, it's just cheaper to fix the old one. And anything that runs for 30 years is bound to break down. So you're gonna have to deal with the extra costs.
    Because the oil companies are a good part of the present US Government and don't want to tax themselves by increasing their expenses.

    Oil question: after all the oil is gone from a well, what must the oil companies do to the well?

    Self-explanatoryOil question: after all the oil is gone from a well, what must the oil companies do to the well?
    Cap it, which may or may not mean pumping cement down the hole. More often, (assuming they own the land or have very long term leases, they will simple place a steel cap over the pipe and remove the pump equipment.





    It's not unusual for old wells to become active again with new technology, so they don't usually do anything permanent.





    Oil question: after all the oil is gone from a well, what must the oil companies do to the well?
    Pump something into it that will keep the pressure levels stable.
    Pump it full of cement.

    OBAMA: ';John, you want to give oil companies another $4 billion'; in tax breaks.?

    THE FACTS: The $4 billion in tax breaks for the oil companies is simply part of McCain's overall corporate tax reduction plan and does not represent an additional tax benefit. In other words, the corporate tax reduction applies to all corporations, oil companies included. Both Obama and McCain have proposed eliminating oil and gas tax loopholes.





    will the media leave this out??OBAMA: ';John, you want to give oil companies another $4 billion'; in tax breaks.?
    MCcain= good president, good leader





    OBama= bad president, bad leaderOBAMA: ';John, you want to give oil companies another $4 billion'; in tax breaks.?
    Well keep this in mind....





    Everyone is worried about their 401K's their retirement plans, their pensions... ALL invest in stable mutual funds.





    So.... Where does this money come from? It comes FROM BIG OIL. YOU, ME, and EVERYONE that has a 401K benefits from their profits. We don't make as much as the CEO's obviously, but their success impacts our individual futures.
    Well,it's nice that all of the corporations are getting tax breaks,not just the oil companies. That makes it all better.





    Big Business has enough coddling as it is.
    Well fact check posted it. It was stupid for BO to mention this I think. He has the advantage of not being Republican right now. He will spoil it by cherry picking and distorting the truth when he doesn't need to. Fine by me though.
    People think companys don't add on the added cost of taxes to the end product.
    Where's the question? ........... oh I see , I'll let Mccain answer this one