WayneS

Total Rating:
+4 / -2

48 Comments

    • Mon Nov 17th 10:30 AM | Rating: +2 0
      Commented on:
      Will Obama's Economic Policies Drag the U.S. Down?
      The problem isn't the Democrats, Republicans, automakers or even the oil companies. It is you and me. We want something for nothing. We vote for the politician that promises to put money in our pocket. Even now, there are profit takers making a lot of money with the stocks going up and down every other day. Short term capital gains should be 50% (this is what the oil companies are paying right now for corporate income taxes - so it's reasonable) Long term capital gains should be 10%.
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    • Fri Nov 14th 13:00 PM | Rating: +1 -1
      Commented on:
      Washington Post on the Quiet Windfall for U.S. Banks - For Shame!
      Even in the middle of this crisis, the banks' profit margins are 3-4 times that of the evil oil companies. When gasoline prices went up 37%, the banks' credit card profit per gallon of gas went up 37%. The refineries sold for less than the cost of the crude oil.
      View article »
    • Fri Nov 14th 12:47 PM | Rating: 0 0
      Commented on:
      The Bailout: How’s It Doing?
      RE: oil falling below $60. It is good that the oil companies are strong this time around or we would be in real trouble. In the 80's, the oil companies became involved in alternative energies (that still are not economically feasable). The government should probably use the same bailout for the banks as they used on the oil companies back then. Oil dropped to $10 and 300,000 people lost their job within 100 miles of where I lived. Over 400 of 675 homes in my subdivision were foreclosed on. The governments answer was to raise taxes on the oil companies and they reniged on their promises to back alternative energies (just like they will now). The oil companies had 25 really bad years and are still cutting jobs by 10% a year, but look at them now. While most companies are sending money overseas, ExxonMobil is paying more taxes in the US than they make. If you let the market alone and weed out the weak companies we will be better off.
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    • Wed Nov 12th 14:01 PM | Rating: 0 0
      Commented on:
      Reality Hits Oil Market, Dollar Could Benefit
      USER218405 - I think the auto industry and oil companies would benefit greatly from a bullet train. Also stopping cross country inefficient semi truck/trailers. Rail is three times more efficient than truck. A lot of vehicles would need to be built to construct the rail. Eventually, oil companies could cut back on low margin gasolines and diesels (they lost money most of this year) and produce money-making products in their refineries.
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    • Wed Nov 12th 13:35 PM | Rating: 0 0
      Commented on:
      Energy Investments Under Obama: Eye on Barclays Carbon ETN
      "Oil companies" are already paying windfall taxes. ExxonMobil alone has paid $16 billion more in taxes in the US than they made. They make most of their money elsewhere and bring the money to the US. Isn't this what we need? There are other international oil companies in the US probably doing the same thing.
      Gasoline today is $1.899 here. What does this mean?
      1700 more people will die in their vehicles the next year than the last 12 months. People will return to their wasteful driving habits, if they actually quit. Green house gases will increase. Congress will forget about alternative energy sources, as they did in the 1980's. Oil stocks will go down because most people think they make money selling gasoline.
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    • Tue Nov 11th 22:01 PM | Rating: +1 -1
      Commented on:
      Obama's Green Obsession: More Harm Than Good?
      We are exactly where we were in the 1980's, except it was the "oil companies" that were investing heavily into alternative energies.
      They were going to become energy companies. When crude oil prices dropped in the 80's, just like now, the government forgot about their promises to back alternative energies.
      If the "oil companies' were greedy, they would shut down their refineries and move out of the US. Refineries have lost money all year.
      The government gets over half of the cost of a gallon of gasoline.
      Over the last five years, ExxonMobil paid $16 billion more in taxes in the US than they made. They are are only one of over 500 "oil companies."
      What is the government doing with this windfall tax?
      View article »
    • Mon Oct 13th 12:05 PM | Rating: 0 0
      Commented on:
      Fed Approves Wells Fargo-Wachovia Deal; Citigroup Seeking Damages
      It took two years for the Exxon and Mobil merger because they would have a monopoly at 7%.
      Southern Pacific and Santa Fe could not merge because that would make them the 4th largest railroad company. Later they approved the Burlington Northern - Santa Fe merger that created the largest railroad company.
      This merger is OK because there are lots of other banks. There were over 500 "other" oil companies during the ExxonMobil merger.
      Just how do these people decide what to approve and what not to approve?
      View article »
    • Mon Oct 13th 11:53 AM | Rating: 0 0
      Commented on:
      Sustainable Energy After the Correction
      This may come as a shock, but in the 1980's Exxon said that there was a need to look into global warming and for investment into alternative energies. Unfortuately, oil dropped to $10. No companies could could afford to invest in alternative energy and the politicians backed out of their campaign promises to develop alternative energy and eliminate our dependency on foreign oil. Deja Vu. This same thing will happen right after election day.
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    • Mon Oct 13th 11:36 AM | Rating: 0 0
      Commented on:
      Has the Energy 'Tsunami' Been Aborted?
      History repeats itself. In the 1980's, over 400 of the less than 700 homes in my subdivision along were foreclosed on. 300,000 people lost their jobs in the metroplitan area I worked in. I couldn't sell my house for 10% of what I owed. I had a 15.5% mortgage. I was advised, by a lawyer, to walked out of my house and only pay income taxes on the difference between what I owed at the foreclosed price. Unfortunately, my father taught me ethics and I couldn't break my word to the mortgage company to repay my loan. I am now retired and can't sell this same house for any price. Now that oil prices are dropping, the government will forget their promises to back alternative energy, just as they did in the eighties.
      View article »
    • Mon Oct 13th 11:16 AM | Rating: 0 0
      Commented on:
      Oil Industry: Farewell, Good Old Days
      Exxon learned from past mistakes. In the eighties, they invested heavily in alternative energies. The exact same ones that are being persued now. Exxon brought up global warming, then in the eighties, as a reason to continue research in alternative energies. This was denounced as one of Exxon's lies to gouge the tax payers out of their hard earned money. The US government broke theur promise to support alternative energy, because the price of oil fell to $10 and gasoline was cheap. This is about to happen again soon. People will forget $4 gas. They will forget that 1700 less people died on the highways this year. They will again buy vehicles to feed their egos. The US government will forget about alternative energy until the next crisis.
      View article »
    • Mon Oct 13th 11:02 AM | Rating: 0 0
      Commented on:
      Exxon Mobil Appears at Lower End of Valuation Range
      Politicians are pandering for votes. They want people to think that Exxon makes all of their money selling gasoline at ultra high margins. This is to distract them from the fact that the majority of the cost of gasoline is taxes. Obamo says "Oil companies are making a lot of money." Is he talking about all of the over 500 oil companies? Is he talking American of foreign oil companies? Is making a lot of money a good thing or a bad thing? He then says, "Gas prices are high." Is he saying this is good or bad? 1700 lives were saved by $4 gasoline. He doesn't say these two sentences are related, but people put 2 and 2 together and get 5. Nancy Pelosi thinks that OPEC and most recently Venezuela have the right idea. She plans on nationalizing the oil companies. She also doesn't say who these "oil companies" are. She leaves out that ExxonMobil pays more in taxes than they make in the USA. She doesn't want companies to send money and jobs out of the country, but wants to take away the assets of a company that brings more money into the USA than takes out. What does this mean? People are only thinking of their own pocketbook when it comes to voting and buying/selling stock.
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    • Sat Jul 12th 16:07 PM | Rating: 0 0
      Commented on:
      The Dollar's Decline: Taking Responsibility for the Future
      The special treatment that oil companies get is that they pay 2-3 times as much taxes any any other industry. When XOM made $40 billion last years, they paid over $120 billion in taxes. Check the oil company financial reports. Actions speak louder than words. The actions of the drivers around me say, "Gas is cheap and plentiful. I waste 20-40 percent of the gas I buy just to prove this fact."
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    • Fri Jun 6th 00:57 AM | Rating: 0 0
      Commented on:
      Peak Oil and Some Alternative Energy Investments
      Oil company profit margins are always low.
      They are making money because they have
      been forced to become extremely efficient.
      View article »
    • Wed Jun 4th 18:33 PM | Rating: 0 0
      Commented on:
      Peak Oil and Some Alternative Energy Investments
      ExxonMobil has developed a new liner that makes lithium batteries safer and lighter. They are making 500 hp cars using 1000 3.7volt
      batteries. It costs $100,000 dollars.
      Just make me a 80 hp car that costs $20,000, I'll be happy.
      View article »
    • Wed Jun 4th 18:25 PM | Rating: 0 0
      Commented on:
      Did U.S. Senate Call Oil Top?
      The cost of future oil has gone up (one year plus).
      Drilling service companies have hiked their prices.
      Completion service companies have hiked their prices.
      Transportation costs more.
      Governments are taxing more.
      Governments are nationalizing more.
      Everyone wants as much of the current pie as they can get.
      "Who cares about the future?"
      View article »
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