and by no strange coincidence, Imperial Oil reports record profits of $704 million dollars in the first quarter, up 31%!
How has it come to this? Is there nothing we can do??
How has it come to this? Is there nothing we can do??
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at least use your bycicle
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Stuart, the records profits have to be considered in terms of return on investment.
With the price of oil being significantly higher, a 10% profit is a much larger number. I would be much more interested to see what the profit margins as a percentage of business are, what the cash flow returns are, etc... I would bet you that the oil companies aren't making out anywhere near as good as the headline number might make you think.Comment
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just got done riding down to CVS - drugstore .. at 3.00 a gallon.. fuck that i'll ride around when i canGooSearch Real Text Ads Without The Drama
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Will they ever stop rising...or are we all gona be walking to work soon? Bring on the Hybrid cars I say!
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3.00 - 3.15 a gallon in the valleyComment
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Hybrid still using gaz, might be 100% electrics or hydro, might be better , even for the earth healthComment
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$1.36/L here for 94oct, but im pretty sure vancouver has the highest gas prices in canadaMechanical Bunny Media
Mechbunny Tube Script | Mechbunny Webcam Aggregator Script | Custom Web DevelopmentComment
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About ready to hit $3/gallon here. Hasn't been that high yetComment
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I hope the price of gas doubles. I'll still be able to afford it, and the rest of the idiots won't - and they'll be off the road.Herschel Savage
Brooklyn, NYComment
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Allright!!! well minded that way! lolll i'll smille at every raises LOL but still Pain when you do the full for a hundred box instead of 60Comment
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Yup - but if they turned 7 billion dollars, a 10% profit in theory is 700 million.
Corporate pay is way out of hand, but the oil industry isn't any better or worse than many others.
I don't apologize for them, but "record profits" as a number is nothing without showing what the actual percentage is.Comment
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Feb. 20, 2007 -- Wal-Mart Stores, Inc. (NYSE: WMT) today reported record sales and earnings for the quarter ended Jan. 31, 2007. Net sales for the fourth quarter were $98.090 billion, an increase of 10.9 percent over the fourth quarter of fiscal year 2006. Income from continuing operations for the quarter was $3.940 billion, an increase of 8.8 percent from $3.621 billion in the fourth quarter of fiscal year 2006.
Don't worry about oil companies.. worry about wal-mart killing our society.Comment
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hope prices dont raise too much higher they definitely affect sales.Comment
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some places are $3.5+/gallon in WAComment
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$3.46 for regular in central cali
my sig caught gonoherpasyphilaids and died
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The problem with your theory is that the oil companies cook their books. They split everything into different companies. One deals with the oil drilling and exploration. One deals with refining. another with the pipelines. One with delivering the gas. One with that owns the stations. these boys are smart enough to not show their profits as one large company because it is so obscene.
These companies should be hit with a windfall tax and tried for war profiteering.Comment
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Don't worry about ROI
- that is more than healthy and reflected in share value..
Reasons for the increase are mainly higher than expected realization of oil volumes and lower operating costs.Imperial Oil net income for the first quarter of 2007 of $774 million or $0.81 a share, compared with $591 million or $0.59 a share for the same period last year.XXX TLD's - Another mosquito to swat.Comment
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Reasons for increase are higher than expected gas prices. You actually believe their talking points?Comment
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We have to pay 6,7$/gallonI like cookies.Comment
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cut down in how much you use gas
thats all you can do
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I thnk the whole country should boycott filling gas at least one day a week, all on the same dayComment
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You can do nothing. The biggest mistake the world made was to allow such a dependency to be in the hands of private business; ruled by OPEC who can pretty much just lie to everyone over and over again without factual proof of these shortages, etc just to drive the prices up.Formerly known as Adult Rental Chris
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