Comments on: Exxon Is The Government’s New Whipping Boy! http://livingoffdividends.com/2006/07/26/exxon-is-the-governments-new-whipping-boy/ Join me on my journey to achieve financial independence through dividends, passive income and investments Tue, 16 Mar 2010 21:22:11 -0700 http://wordpress.org/?v=2.8.1 hourly 1 By: Empty Spaces Inc. http://livingoffdividends.com/2006/07/26/exxon-is-the-governments-new-whipping-boy/comment-page-1/#comment-285 Empty Spaces Inc. Thu, 27 Jul 2006 07:32:00 +0000 http://www.livingoffdividends.com/2006/07/26/exxon-is-the-governments-new-whipping-boy/#comment-285 Else where in the world people spend upto $7/gallon. Does it affect their economy. Yes, but not as much as ours because theirs leaders don't drive the country into $65 trillion dollars worth of debt.<br/><br/>Thats the real problem - our absurd debt levels.<br/><br/>If we weren't in such bad shape, the raise in gas prices wouldn't affect us so much.<br/><br/>The government's just trying to shift the blame onto someone else.<br/>And the unsuspecting public will buy it. What else are they like to us about????<br/><br/>if you want to beat oil prices, invest in Exxon or directly in oild rilling programs. Else where in the world people spend upto $7/gallon. Does it affect their economy. Yes, but not as much as ours because theirs leaders don’t drive the country into $65 trillion dollars worth of debt.

Thats the real problem – our absurd debt levels.

If we weren’t in such bad shape, the raise in gas prices wouldn’t affect us so much.

The government’s just trying to shift the blame onto someone else.
And the unsuspecting public will buy it. What else are they like to us about????

if you want to beat oil prices, invest in Exxon or directly in oild rilling programs.

]]> By: Empty Spaces Inc. http://livingoffdividends.com/2006/07/26/exxon-is-the-governments-new-whipping-boy/comment-page-1/#comment-284 Empty Spaces Inc. Thu, 27 Jul 2006 07:24:00 +0000 http://www.livingoffdividends.com/2006/07/26/exxon-is-the-governments-new-whipping-boy/#comment-284 first i think its wrong to punish a company for making a profit.<br/><br/>secondly and more to the point, asking exxon to take a cut on its measely 9% profit margin is sticking it to its shareholders. That should be illegal. [its definitely un-capitalistic and thus un-american].<br/><br/>The problem is not with the oil refinaries or distributors but with 1. the jump in global demand and consumption.<br/>2. the fact that american's are used to hogging 4-10 times more of the earth's natural resources than everyone else.<br/><br/>the price of oil per barrel is set on the global markets, sort of like stocks are. its not in any company's hands. its just demand thats increasing the price of oil from $25/barrel to nearly $70.<br/><br/>I found it hard to believe that 20 cents would hurt someone financially. Assuming people drive 12000 miles per year and their compact car[they're on fixed income so no suburban's for them] gets 30 miles/gallon, they fill 400 gallons/year. thats a $6.50 difference per month!!!!<br/><br/>If $6.50 is hurting someone on a fixed income, its a symptom of something much worse!!!!!<br/>if 20 cents is hurting someone financially, there is something fundamentally. Asking Exxon to take a hit to save someone $6.50 isn't the solution to that. first i think its wrong to punish a company for making a profit.

secondly and more to the point, asking exxon to take a cut on its measely 9% profit margin is sticking it to its shareholders. That should be illegal. [its definitely un-capitalistic and thus un-american].

The problem is not with the oil refinaries or distributors but with 1. the jump in global demand and consumption.
2. the fact that american’s are used to hogging 4-10 times more of the earth’s natural resources than everyone else.

the price of oil per barrel is set on the global markets, sort of like stocks are. its not in any company’s hands. its just demand thats increasing the price of oil from $25/barrel to nearly $70.

I found it hard to believe that 20 cents would hurt someone financially. Assuming people drive 12000 miles per year and their compact car[they're on fixed income so no suburban's for them] gets 30 miles/gallon, they fill 400 gallons/year. thats a $6.50 difference per month!!!!

If $6.50 is hurting someone on a fixed income, its a symptom of something much worse!!!!!
if 20 cents is hurting someone financially, there is something fundamentally. Asking Exxon to take a hit to save someone $6.50 isn’t the solution to that.

]]> By: Lazy Man and Money http://livingoffdividends.com/2006/07/26/exxon-is-the-governments-new-whipping-boy/comment-page-1/#comment-283 Lazy Man and Money Thu, 27 Jul 2006 04:21:00 +0000 http://www.livingoffdividends.com/2006/07/26/exxon-is-the-governments-new-whipping-boy/#comment-283 As you know software is a very different product than oil. It doesn't cost Microsoft much more than a penny to make 1 billion CDs or 1 CD. Oil is a consumed resource unlike software.<br/><br/>And people don't really have a choice not to buy oil either directly or indirectly. Sure you can ride your bike to work (if it's close), but higher oil prices effect the whole economy.<br/><br/>I don't know, I haven't seen Microsoft raise it's prices some 30% in the last year for it's record profits. It probably makes a few people wonder if gas could be lowered by 20 cents a gallon and they could just make 3.0 billion or something. If you are on a fixed income that 20 cents can make a big difference. As you know software is a very different product than oil. It doesn’t cost Microsoft much more than a penny to make 1 billion CDs or 1 CD. Oil is a consumed resource unlike software.

And people don’t really have a choice not to buy oil either directly or indirectly. Sure you can ride your bike to work (if it’s close), but higher oil prices effect the whole economy.

I don’t know, I haven’t seen Microsoft raise it’s prices some 30% in the last year for it’s record profits. It probably makes a few people wonder if gas could be lowered by 20 cents a gallon and they could just make 3.0 billion or something. If you are on a fixed income that 20 cents can make a big difference.

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