Buy yr gas from Citgo;Exxon CEO gets 400 mil retirement package.
 

http://www.abcnews.go.com/GMA/story?id=1841989

unheard of money..obscene. considering the current oil situation and our prices. of course, the dude blames it on supply and demand and shortages...BUT hey,"we're all in this together"..haha.

but yeah, CITGO is Venezeulan state owned..

I always buy my gas from Citgo.....no particular reason though.

is there such thing as a "good" oil company though??

and when you buy citgo, are you supporting authoritarian governments in latin america?

Well, it's arguably becoming that way over here too. i'd rather be taken by a foreign country than betrayed and mislead by my own.

no no-- venezuela is not going to "take you"-- chavez likes to export his shoddy populism around his neighborhood though. and it's spreading.

latin america thanks your american dollars :(

no, they're not taking me as bad, b/c Citgo is cheaper. Their costs should likely be higher, having to import anyways, yet Exxon is more expensive,and is the number one money making machine in all the land, along w/Wal-Mart. thems the facts.

sure, exxon suxx, citgo maybe a bit less; my point only being that there's no "pure" action, i mean one without unwanted consequences. well, i don't want to get too philosophical on the internet-- i'm not sure the world can be "fixed" though.

Gas prices wouldn't be nearly as high if Americans didn't exercise such heavy demand. If the price goes up 20 cents, people will still buy gas. The consumers need to send a message to the industry, but apparently the consumers are too dumb to realize that.

yes, no pure action to thwart it, unless i want to start driving one of these vegetable oil cars..haha. but gas.co in america are in a very good position to make tons of money. the reasons they make this obscene amount of money are not acceptable to me. record profits while we pay $3 a gallon, up two fold in just a couple years from before iraq? something's up.

if you run on vegetable oil, then monsanto is going to make shitloads of money. is monsanto better than exxon? hm.... :confused:

Ride A Bike!

missing the point. but fine with me.. monsanto gets my money for a while. they're gonna need..forever.. before they even touch exxon like profits.

dude, monsanto is fucking evil. i'm not going to go into detail about the kind of shit they do with genetic engineering. i mean im not agains genetic engineering, im no hippy, but they just have no fucking ethics when it comes to putting products in the market. they are the ecological equivalent of a crack pusher. yes yes, it's metaphors, i like fucking hyperbole, i'm not going to waste time philosophizing here. just read up a little is all i ask.

Want to get pissed at some corporations? Watch this:

http://www.pbs.org/wgbh/pages/frontline/tankman/view/

thanks, not really... my whole point of posting here is that there is not "good place" to put your gas money really. for example, the much-touted "hydrogen technology" is mostly an oil industry ploy to produce hydrogen from... fossil fuels!-- such as coal-- there are other ways, but this shit is a scam. look, they themselves are saying it: hydrogen from fossil fuels. sure, hydrogen might "burn clean", but if it comes from coal, well, DUUUUHHH!!!

do i sound like a cynic? maybe. i'm just trying to learn from voltaire & improve my own corner of the world. i'll leave the big issues to the charge of internet forums. :D

(yes, i'm bitter).

I wasn't trying to enter into the debate, I was just posting a link to a cool video. It really has little to do with this thread.

i had a long day & i need a laugh. unfortunately, the freaks aren't around today. hah hah! freaks... yeah freaks... where the fuck did they go?

i gotta go...

right here. the debate has wandered off. i would have to suggest reading up on how Exxon hasn't fulfilled the 5 billion they still owe on the Valdez spill before reading up on something as unrelated as Monsanto.

buy citgo, buy 19, buy mom and pop..power to the people! fuck exxon!

ceos deserve every penny of what they get, especially in the oil industry. anyone who can lead his company to turn a profit in the hellish environment of gas taxes, environmental prohibitions on drilling, bureaucratic impediments to refinery construction, heterogeneous interstate requirements on fuel blends, importation from foreign cartels of producers who set prices at will, insane political volatility in virtually every major oil-exporting nation, etc. -- let alone become the most profitable company in the nation -- must be a serious genius.

oh, they're "managing" a profit alright...hee. How dio they do it? kinda sheds a light on just how binding those unfair, bureaucratic, red tape, regulation, impedments r.(WTF??).... i'm sure $3/gallon, up 2x from only a couple short years ago, doesn't hurt either..

but even if they did raise prices partially for the purpose of raising their profit margin, so what? it's not like guns are being held to our heads when we fill up the tanks.

Isn't it interesting that we dislike companies for doing well but not when they fail?

It seems apparent to me that the supply and demand for a product is the driving force behind it's price. As the supply of the world's oil decreases, prices for crude oil rise. If oil prices rise, a higher cost is imposed on the companies that refine oil and sell the products. But cost of inputs into a product do not necessarily determine the price... that is a theory full of holes.

But if costs do have some impact on price, the greater factor is still demand. Why are prices rising so much? Well, there are a wide variety of reasons, but one I find very compelling is that the demand is greater. India and China have huge populations, and they are just now starting to mobilize productive economies in order to become world players. In order to do so, they need energy, and thus oil products. Since there are now many more oil consumers on the earth but still the same (declining) amount of oil, prices will naturally go up. We compete against other consumers and bid up the prices by doing so.

At the same time, oil companies lobby heavily for tax breaks and other government protection, limiting the competition within the oil industry. This also keeps oil prices higher than they could be.

not really. only if there is a benign reason for doing well.

no one likes a scammer except some of these right wingers who, God knows why, fight for "the man"..

i'm 100% sure if Enron's Skilling and Ken Lay did NOT go down, and they were still at the top facing heat from the public and the left, there would be right wing nitwit GW lovers defending them.. for some insane idealogical reasons, i guess. maybe they still do, but...

but that's what i'm talking about.

But failure is never benign, ricechex. A failed business is a lost opportunity to utilize resources in a productive manner, and thus adding to society. We don't "win" when a company suffers.

Well, I think you're right about that. There are ideological people who vote the party line and protect "business" or other things.... on all sides of the spectrum. The Enron guys were criminals plain and simple. But it's time to stop harping on Enron. They don't represent all business or corporations.


Exxon's profits are far lower per dollar sold than companies like McDonald's and Coca Cola. Just because they have the biggest profits doesn't mean they have the biggest profit margin.

In my personal opinion the 400 mil retirement package is ridiculous. I could think of lots of things I would rather do with the money. But it's not my money.