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this just in from moronville

poweRob said:
Or as he would put it, companies we should all feel sorry for because of "elasticity".
Click to expand...

Now you are just flat out lying.

First, you can't show how this is a shakedown.

All you can do is:

[Grunt....and scratch]

Say "un uh"

Say "You're wrong".

You can't prove or demonstrate anything.

If you can show me how I am wrong about gasoline (the purest commodity in the world) elasticity, I'd be interested. So far you've stuck to your game plan of non-answers.
 
poweRob said:
That's nice. How about an explanation as to where'd their profits went in 2016?
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You can't do your own research.

Clearly your great grasp of economics would help you to know.

What happened ?

Oh yeah.....you don't know.

Answer: OPEC

Seems the undercutters in a trade war in Europe and other places flooded the market causing prices to crash.

www.cnbc.com

US oil falls on unexpectedly large inventory build

U.S. oil futures recorded their worst settlement since May 2003, as a global supply glut bumped up against bearish financial news.
www.cnbc.com www.cnbc.com

Oh, and since we are testing your theory that marketing companies can just set the price at whatever they want.....

www.eia.gov

U.S. gasoline prices in 2016 were the lowest since 2004

www.eia.gov www.eia.gov

Wow....look at that.

U.S. gasoline prices in 2016 were the lowest since 2004​


The price in Houston bottoms out at $1.45/gallon.

But....I thought they could just screw whoever they wanted ???? What happened ?
 
poweRob said:
It's a boom bust industry for field workers. Always has been. And I know far more about the industry than you'd expect. Although I don't care to go on display for you with my personal life.
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I work in the industry.

I don't believe you do.
 
HikerGuy83 said:
Oh, and since we are testing your theory that marketing companies can just set the price at whatever they want.....
www.eia.gov

U.S. gasoline prices in 2016 were the lowest since 2004

www.eia.gov www.eia.gov
Wow....look at that.
U.S. gasoline prices in 2016 were the lowest since 2004
The price in Houston bottoms out at $1.45/gallon.
But....I thought they could just screw whoever they wanted ???? What happened ?
Click to expand...
hiker, you do know that Obama was the POTUS when this was published...
-peace
 
HikerGuy83 said:
So if you take 2021 and 2022, Exxon basically breaks even.

You can't even spin this worth crap.
Click to expand...

Of course you pull the outlier in there and front page it while ignoring the rest that debunk all your bullshit.

HikerGuy83 said:
The industry (as shown in the article you didn't touch took a massive hit in 2016.

Keep yammering.

We get you hate profits.
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Every 10 years or so they take a micro hit compared to the rest of that decade where they loot the masses who have to use their products. But but but elasticity!!1!1!11111
 
Cardinal said:
The kind of people who believe that AOC and Joy Reid are stupid also believe that Candace Owens and Ben Shapiro are America's great thinkers.
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or that TFG is honest.
 
poweRob said:
Of course you pull the outlier in there and front page it while ignoring the rest that debunk all your bullshit.


Every 10 years or so they take a micro hit compared to the rest of that decade where they loot the masses who have to use their products. But but but elasticity!!1!1!11111
Click to expand...

Your selective responses show who is ignoring what.

Post 78 pretty much proves your claim about looting is total garbage.

Or maybe you could show us how it isn't by doing more than the usual scratch and grunt for a response.

I've showed you several things across several years.

BTW: When does profit-making become looting. Let's hear your definition or see your scale.
 
Cardinal said:
The kind of people who believe that AOC and Joy Reid are stupid also believe that Candace Owens and Ben Shapiro are America's great thinkers.
Click to expand...
You are confusing educated with stupid, not the same things.
 
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