ST Alpha - "More news McCain doesn't need: Exxon post record profit. Obama could win on that news alone. -- (link)" (Reading a Post)

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More news McCain doesn't need: Exxon post record profit. Obama could win on that news alone. -- (link)

Posted by TWuG Oct 30 '08, 07:12

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http://money.cnn.com/2008/10/30/news/companies/exxon_earnings/index.htm?cnn=yes (money.cnn.com)

Responses:

..you do realize that demand is also at record highs, with India and China becoming heavy users of oil/gasoline? - colin Oct 30, 07:14 16
- and no environmental controls in China. ugh. -- nm - slutty zombie loosilu Oct 30, 07:24
- And you honestly don't believe there's been no price gouging or profiteering going on? - Trish Oct 30, 07:22 5
  - does all gas come from Exxon? - colin Oct 30, 07:27
  - simple answer: you don't like the price of gas, use less gas. - mafinstein Oct 30, 07:26
  - That never happens! -- nm - Enron Oct 30, 07:24 2
    - You're the smartest guys in the room! -- nm - Trish Oct 30, 07:24
    - you know you're not an oil company, right? -- nm - slutty zombie loosilu Oct 30, 07:24
- so oil is a simple product now.....what on earth is the idear of having a VP candidate who only know anything as little that might be about oil then? - DaneDukeNuuk Oct 30, 07:19 3
  - ... i really don't know what you're saying in this question. - colin Oct 30, 07:21 2
    - oil is (perhaps the most) important product globally - DaneDukeNuuk Oct 30, 07:24 1
      - there are already a lot a gov't controls on the oil industry. you would certainly be paying a lot more for gas if it was not and being treated as - colin Oct 30, 07:28
- Seems with a 55% drop in prices within the last 2 months; that record high demand is faulty now. - Will Hunting Oct 30, 07:17
- But to sell more product, you have to make more porduct, and the story clearly says production was 8% less than the same time last year -- nm - The Grim Grinning Ghosts Oct 30, 07:17 3
  - down 8% *in the third quarter*. That doesn't account for inventory or anything else, fyi -- nm - kilboooo Oct 30, 07:21
  - okay, so if demand goes up and product remains constant, price goes up. - colin Oct 30, 07:18 1
    - But that's not what you said above...and yes, by slowing down production, they drove the price up...that is gaming the system - The Grim Grinning Ghosts Oct 30, 07:23

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