|
PureBytes Links
Trading Reference Links
|
Profit is great but the CEO of XOM blatantly said they were a cash cow and
their stock was undervalued. Why are they a cash cow - because me and
others being in Chicago must pay minimum 2.25/gallon when its cheaper
anywhere else.I love profit, having owned a manufacturing concern, but don't
take me by the cullions when it is really not a supply and demand issue. Gas
and software from Microsoft are not the same . One is a necessity, the
other is not.Neither has reached a critical mass in terms of demand.
JMO
Paula
----- Original Message -----
From: "Michael Ferguson" <wl7bdn@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, June 17, 2000 10:43 PM
Subject: [RT] Re: Inflation??????
> Hear, Hear, Yeah, Yeah,
>
> As soon as we have the exorbitant profits of the oil companies under
> control, and Microsoft's, we can go after all those nasty traders who are
> reaping exorbitant profits from all the global markets. In fact, why not
> just outlaw profit all together. You know, like they did in Russia.
>
>
> Michael
>
>
>
> ----- Original Message -----
> From: "Tom Bowen" <trbowen@xxxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Cc: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Saturday, June 17, 2000 21:07
> Subject: [RT] Re: Inflation??????
>
>
> | Interesting viewpoint Joe and I agree.
> | We are not attempting to bring external producing nations into the
> equation
> | however.
> | My point is that the American oil companies, not their suppliers, are
the
> | culprits.
> | Every business has a "cost of goods sold" on their balance sheet and the
> | price of crude is one of many components of the retail price of
gasoline.
> | The profit margin for American oil companies is staggering and I am
> | suggesting that we force these oil companies to reduce their already
> | exorbitant profit margins by lowering the cost of gasoline.
> | Bottom line is how much is enough.
> | These very same American oil companies are pocketing millions of dollars
> per
> | day in net income after all operating expenses. Outlandish profits like
> | these are not key to the survival of the company. I have no argument
with
> | the right of any business within the free enterprise system to make a
> | reasonable profit but oil company profits are way beyond reason.
> | They certainly would not be "hurt" if they reduced their net profits to
5
> | million dollars per day.
> |
> | ----- Original Message -----
> | From: "Joe Frabosilio" <joe6964@xxxxxxxx>
> | To: <trbowen@xxxxxxxxxxxxxx>
> | Cc: <realtraders@xxxxxxxxxxxxxxx>
> | Sent: Saturday, June 17, 2000 6:34 PM
> | Subject: Re: [RT] Re: Inflation??????
> |
> |
> | > Hi Tom,
> | >
> | > I'm in a little disagreement on this. I believe that governments
> in
> | the
> | > Middle East and South America have a major say in production. I
agree
> | that its
> | > all about Supply and Demand. The only problem no-one trust anyone.
> | >
> | > If the US was to boycott gasoline for 30 days it would hurt the US
> | more than
> | > our friendly friends who sell it to us.
> | >
> | > TradeWell,
> | > Joe Frabosilio
> | >
> | > Tom Bowen wrote:
> | >
> | > > Fuel for thought.
> | > > Is it the government or the oil companies that set the price of
> | gasoline?
> | > > Answer = neither
> | > > It is the American people who set the price of goods and services.
> | > > If we band together and stop buying a good or service for just 30
days
> | the
> | > > price will plummet.
> | > > The corporations and their distributors providing these goods and
> | services
> | > > cannot withstand a 30 day period of 0 sales revenue.
> | > > Their stock would plummet and the management teams would loose their
> | high
> | > > paying jobs.
> | > > The price of just about everything is out of control and it is our
own
> | fault
> | > > because we continue to pay the inflated prices.
> | > > We have no one to blame but ourselves.
> | > >
> | > > ----- Original Message -----
> | > > From: "Ira Tunik" <ist@xxxxxx>
> | > > To: <realtraders@xxxxxxxxxxxxxxx>
> | > > Sent: Friday, June 16, 2000 5:24 PM
> | > > Subject: [RT] Inflation??????
> | > >
> | > > > I think it is wonderful that the government can make the majority
of
> | us
> | > > > feel good about paying only $2.00+ per gallon for gas because
those
> | in
> | > > > Chicago are paying 40 cents more. When will the insanity end?
It
> | > > > appears that they can fool the majority of the people most of the
> | time.
> | > > >
> | > > >
> | > > >
> | > > >
> | >
> | >
> |
> |
> |
> |
>
>
>
>
|