• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Here's a fact you won't here on Fox news today

Corporations can't use their profits to give us significant raises, as that would interrupt the trickle down cycle. Then we wouldn't get raises because we got raises.
 
NatMorton said:
What is this left-wing obsession with stock buybacks? It's mentioned time and again as if they're per-se bad. You get the sense these folks think it's some form of embezzlement.
Click to expand...
While they are not inherently evil, they prove that Liberals are correct. Oil exects are taking advantage of the situation, gas does not actually need to cost as much as it does, and when you give millionaires and billionaires more money they do not generally create jobs with it.
 


Robert Rapier
"Yes, inflation has driven oil company profits to very high levels. But just two years ago, those companies lost $76 billion for market dynamics that are the opposite of what they are today."
 
EdwinWillers said:
This crap has to be one of the first forms of Internet misinformation there is - the "Oh my!!! Oil companies make billions in profits" meme.

Ok - so three of the major oil companies mentioned in the twit's tweet that the OP quoted netted $46 billion in profits.
Anyone know what they grossed? That is after all a pretty relevant data point too. How about $360 Billion dollars?

("I know, huh? That's a huge amount of revenue!")

What was their profit margin though? 46bn / 360bn = 12.8% which isn't a bad profit margin. But know what their expenses were? Yep - $360bn - $46bn = $314 billion dollars. Of course, you never hear anyone bitching about that.

Of course, that's just those three companies. On average however, their industry is netting only about 5-6% profit across all companies in that realm.

Moreover, there are industries that are netting considerably more than these three oil giants, and even more than their industry as a whole:
View attachment 67378771

Financial is at a whopping 23.8% net profit - yet I don't hear anyone complaining about them. But maybe next time you open your bank statement...?
Capital Goods, Consumer Discretionary, even Technology - complaints? Not hearing them, are you?

Did you know DENTISTS net more than those three big oil companies - percentage-wise?
Click to expand...
Pharmacology is at least 20%.
 
NatMorton said:
What is this left-wing obsession with stock buybacks? It's mentioned time and again as if they're per-se bad. You get the sense these folks think it's some form of embezzlement.
Click to expand...
Not embezzlement, no, but it demonstrates the true results of all these policies right wingers claim will "boost the economy" or "create jobs." We hand piles of cash to big corporations, we bend over backwards to give them special tax breaks, and the result is not "more jobs." The result is "more profits" which ends up used like this. Pumping up stock prices and boosting the personal wealth of the investors, often at taxpayer expense.

Anyone who has ever run a business knows that you don't just hire more people because you happen to have more cash in your bank account. Demand creates jobs, not tax breaks.
 
EdwinWillers said:
This crap has to be one of the first forms of Internet misinformation there is - the "Oh my!!! Oil companies make billions in profits" meme.

Ok - so three of the major oil companies mentioned in the twit's tweet that the OP quoted netted $46 billion in profits.
Anyone know what they grossed? That is after all a pretty relevant data point too. How about $360 Billion dollars?

("I know, huh? That's a huge amount of revenue!")

What was their profit margin though? 46bn / 360bn = 12.8% which isn't a bad profit margin. But know what their expenses were? Yep - $360bn - $46bn = $314 billion dollars. Of course, you never hear anyone bitching about that.

Of course, that's just those three companies. On average however, their industry is netting only about 5-6% profit across all companies in that realm.

Moreover, there are industries that are netting considerably more than these three oil giants, and even more than their industry as a whole:
View attachment 67378771

Financial is at a whopping 23.8% net profit - yet I don't hear anyone complaining about them. But maybe next time you open your bank statement...?
Capital Goods, Consumer Discretionary, even Technology - complaints? Not hearing them, are you?

Did you know DENTISTS net more than those three big oil companies - percentage-wise?
Click to expand...
Energy, 5.85%

12.8% is more than double.
 
Mycroft said:
If the Biden pukes wanted to reduce gas prices...which they don't...all they need to do is this:

​
  • Permit the use of preexisting approved leases in ANWAR (Alaska) to put more volume into the Alaskan oil pipeline that is severely underutilized.
  • Finish the Dakota access pipeline.
  • Re-approve the preexisting energy leases in New Mexico, Arizona, NE Atlantic and Gulf of Mexico.
  • Retract the stoppage of the Keystone pipeline to permit efficient oil transport shipments from Canada.
  • Stop blocking the expansion of coastal oil refineries in Texas, Louisiana and Alabama (regulatory issue), as well as Northwest, Northeast and Southeast Seaboard.
  • Continue to develop natural gas as a clean burning fuel.
  • Drive Liquefied Natural Gas (LNG) as an export.
theconservativetreehouse.com

The Little Red Lyin' Twit Says Biden Will Try To Reduce Impact of Rising Oil Prices, but Won't Unleash U.S. Energy Resources - The Last Refuge

White House Press Secretary Jennifer Psaki said today the Biden administration will try to reduce the impact of rising oil prices for American consumers but will not do anything to allow increased production of U.S. energy resources. Oh, and it’s all Vladimir Putin’s fault, WATCH: I’ll keep...
theconservativetreehouse.com theconservativetreehouse.com
Click to expand...
What psaki failed to explain in between her snark is how they are planning to reduce costs.
 
Deuce said:
Not embezzlement, no, but it demonstrates the true results of all these policies right wingers claim will "boost the economy" or "create jobs." We hand piles of cash to big corporations, we bend over backwards to give them special tax breaks, and the result is not "more jobs." The result is "more profits" which ends up used like this. Pumping up stock prices and boosting the personal wealth of the investors, often at taxpayer expense.

Anyone who has ever run a business knows that you don't just hire more people because you happen to have more cash in your bank account. Demand creates jobs, not tax breaks.
Click to expand...
This exactly. I do not understand how the rich and their political puppets have convinced so many people that supply creates demand.
 
trouble13 said:
What psaki failed to explain in between her snark is how they are planning to reduce costs.
Click to expand...

You want Big Gubmint Socialism to interfere with Free Markets?
Interesting. I'll make a note of that.

FTR: I support Socialism as well, and so did Albert Einstein.
 
PeacefulWarrior said:
You want Big Gubmint Socialism to interfere with Free Markets?
Interesting. I'll make a note of that.

FTR: I support Socialism as well, and so did Albert Einstein.
Click to expand...
I am making more of what I pointed out nothing more and nothing less.

Psaki made a statement absent of any explanation of how they would accomplish lower prices.
 
trouble13 said:
I am making more of what I pointed out nothing more and nothing less.

Psaki made a statement absent of any explanation of how they would accomplish lower prices.
Click to expand...

Instead of waiting for Big Gubmint to solve your problems for you, why cant you just get a better job? Take the initiative, find your bootstraps....and use them.💯
 
PeacefulWarrior said:
Instead of waiting for Big Gubmint to solve your problems for you, why cant you just get a better job? Take the initiative, find your bootstraps....and use them.💯
Click to expand...
If you think your coming off looking clever you are not. She made a statement and offered no explanation to how they intend to pull it off. You attempt to divert from that is failing.
 
Last edited:
trouble13 said:
What psaki failed to explain in between her snark is how they are planning to reduce costs.
Click to expand...
I rather doubt that Biden, or more so his administration, have any plans at all at reducing the costs people have to pay.
Pretty much the same as reducing inflation. Nada. Just lying lip service from all of them.
 
Gateman_Wen said:



There's your reason for record high gas prices, guys.
Click to expand...

Okay we understand... Once again covering for Biden's screw up!
Over and over we see the same stuff happening. Trying to blame
the gas companies for our high gas prices. Just priceless!
 
eohrnberger said:
I rather doubt that Biden, or more so his administration, have any plans at all at reducing the costs people have to pay.
Click to expand...

If you want Socialism, you've got to ask for it Friend.

I want it. We should just go ahead and nationalize energy companies. Or maybe subject them to the same strict regulation and profit limitation as the utilities.
Man is a Social animal, Socialism is his natural preferred state.
 
Common Sense 1 said:
Okay we understand... Once again covering for Biden's screw up!
Over and over we see the same stuff happening. Trying to blame
the gas companies for our high gas prices. Just priceless!
Click to expand...
Yeah, pretty much.

“I thought Joe Biden had been wrong on almost every major foreign policy issue over the preceding 40 years.”
Former Obama Defense Secretary and CIA chief Robert Gates
“Don’t underestimate Joe’s ability to f… things up.” Obama

We are watching Biden's foreign policy skills in the Ukraine, right now.
Let's hope that the situation doesn't escalate any further than it already has.
 
You must log in or register to reply here.
Back
Top Bottom