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Old 05-03-2007, 11:55 AM   #31
sanfrdnsun
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Default Re: Home made diesel?

Haliburton sells oil?
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Old 05-03-2007, 11:55 AM   #32
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Default Re: Home made diesel?

The steep margins led to Valero's Apr. 26 announcement that first-quarter profits were $1.1 billion, up a stunning 30% over last year; Chevron (CVX) reported first-quarter earnings of $4.7 billion, up 18% from last year. ExxonMobil (XOM) saw a 10% jump in quarterly net income, at $9.3 billion--the company's best-ever first quarter. For integrated oil companies, the results are from one factor: high refining margins. The segment of Exxon's business that includes refining, for example, earned $1.9 billion for the quarter, up $641 million from the year before.



The profits led to all-time closing highs last week for the shares of the two biggest U.S. refiners, San Antonio-based Valero and its cross-town rival, Tesoro (TSO). The stocks of integrated players Marathon Oil (MRO), ExxonMobil, and Chevron also set 52-week highs last week on their robust profits.
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Old 05-03-2007, 12:00 PM   #33
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Default Re: Home made diesel?

Who actually believed we were going to get cheap oil?



I know the Demos talking heads screamed that's why the invasion took place, but I didn't meet one person that voted for either poorly run party that actually believed this.



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Old 05-03-2007, 12:01 PM   #34
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Default Re: Home made diesel?

And Haliburton?
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Old 05-03-2007, 12:13 PM   #35
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Default Re: Home made diesel?

For Exxon to have earned $341,000,000,000 in profits last year, that means they would have had to sell over 6.8 TRILLION gallons of gasoline, at $0.05 per gallon profit.



For Exxon alone, forget the other 20-odd oil major oil-companies operating in the US.
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Old 05-03-2007, 12:18 PM   #36
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Default Re: Home made diesel?

Now, I have a friend that runs a gas STATION, and she only makes ~$0.05 profit per gallon of gasoline sold. Any "gas war" that she gets-into puts her profit in the red. As well as any driveoffs.



The Oil-company I would say makes substantially more, with substantially less-risk to themselves.
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Old 05-03-2007, 12:23 PM   #37
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Default Re: Home made diesel?

That means your price is probably about to go up ~$0.60/gallon; 'cuz it just costs more for the oil companies to collect that extra $0.10..........
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Old 05-03-2007, 12:25 PM   #38
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I thought they just sold these really-great briefcases..........
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Old 05-03-2007, 12:29 PM   #39
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Default Re: Home made diesel?

Whoops. You're right. The oil companies make about $0.90 per gallon. The stations make about a nickel.



Still, credit card companies, microsoft, coca-cola and a whole slew of other comapnies make a heck of a lot more of a profit margin than oil companies. Why isn't everyone pissed about their "price gouging"?
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Old 05-03-2007, 12:33 PM   #40
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It not the oil companies themselves that I take issue with, but the fact that there hasn't been an oil refinery built in the U.S. since 1976.



Not exactly keep up with demand? Who's at fault for this? I'm not sure. But that is one of the key factors for the false rise in oil prices.
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