Regardless that Chavez is taking advantage of the situation to promote his political agenda (our politicians would never do that), it doesn't change that a foreign oil company has been helping American citizens while American oil companies have not, but don't mind taking billions of American tax dollars. One would think a conservative and capitalist would be against such a waste of tax money. If energy companies need to develop alternative fuels, shouldn't they spending the money for R&D? Will Citgo be OK with you after Chavez falls from power? Was it OK before he came to power? Do you need to demonize a company that's helping Americans just to hate Chavez? Hmm, in 2006, the government gave the oil companies 2 billion dollars, Citgo spent 100 million, so our own government could have taken care of it's own and still given huge tax breaks to oil companies. You just keep hating Citgo because of Chavez.

 

I read most of the posts in this thread, something i see as looked over is Cost Of Goods... The person selling the goods is the one pocketing the money, .
It has not as much to do wih government or oil company greed, we all want proffit..
The one selling the crude coming from theirs leases are making the real proffit. It is also their duty to put this money back into the economy and they are not doing it. When the fields of energy owned by the people ever come: the problems will be over
The oil companies and government are a apain, but they are not intirely the problem. The people with the crude oozing from the ground are holding it all for ransom , and it is you and me paying the ransom

 

A bunch of separate issues IMO. I don't have to disagree with, or support, either to have an opinion about one that doesn't agree with yours. You'd like to tie them together to support you argument; but, it doesn't work for me. Maybe someone else will buy it.


It's funny to me that, before you ever mentioned Citgo, I was thinking, "I bet he buys gas at Citgo." I nearly laughed myself out of my seat when just a few posts later... BOOM! There is was.

 

You're very easily amused.

 

Best do some research on how corparations work. "they" aren't holding all the profits for ransom Corparations are owned by people like you and me. They are putting the money back into the economy. They have payrolls. They buy equipment. They pay taxes. The problem is 100% the governments. Between enviromentalists and activists we can't drill for oil off our own shores. That is assinine.

 

You have no idea.

 

Thats one of the dumbest things i've heard in a very long time. Travel to ND, WY, TX, OK, or anywhere they are drilling for oil. To say that the economies are booming is an understatement. Remember that for every billion they make, they have to spend over 10 to do it, where is that money going? Right back into the economy. The oil industry does more to help the economy than any other industry, by a mile.

FWIW, crude rarely oozes from the ground anymore. Anywhere it did, its been drilled and produced. It takes massive amounts of money to get it out of the ground. Imagine trying to take the residual water out of your concrete driveway. When you see what a reservoir looks like its actually quite amazing, just a black looking rock. Doesn't ooze, secrete, or drip any fluids naturally. We have to force it out.

 

But I don't buy Citgo gas, no where did I say I did, when you suggested I was a fan, I said I wasn't. If I had been, I would have stopped once Chavez came to own it. As for associating things, I'm referring to the original comments regarding Citgo "I would never buy a thing from CITGO also!.......It is owned by Hugo Chavez......the Pigmy who disrespects the USA & our President! Whether you like Bush or Not you have to respect the office of the Presidency, no matter who is sitting in it! When Chavez disrespects the President he disresects me & everybody else who is a LEGAL citizen of the USA! Screw CITGO too, & Exxon Mobil! I use Shell gas exclusively now" which associates things. YOU made the decision to jump in when I commented on someone else's statement. Then again, no where is there anything that says I am a fan or purchaser of Citgo products, but you seem to think both are true. BTW, I didn't mention Citgo, I responded to a comment by risupercrewman

 

You don't undrstand economics if you don't undersstand cost of good,
They are not produced by the corporation that are refining them.

DO you think no one is making a killing on this. ths sheiks and texans that get the money simply because the oil is under their property. Or are you dumb enough to bellieve they are giving it to the oil companies

i

 

Do you make remarks that sharp at people you don't know everytime you speak, you are the one that does not know about exploytation of raw materials.

Also when production goes up gost of goods go down.
I do belielve I know how corporations work and I own my shares in several

If your brain is as sharp as your tongue you may survive life with more than you can carry in your truck

 

You think I used a sharp tongue??? Wow.. some thin skin there.. When you say it is the duty of oil companies to put money back into the economy... well sir, I really do question your understanding of businesses, or even capitalism. Exploitation of resources? Never in our history have we been so conscious of the environment and not destroying things needlessly. We can drill for oil very efficiently and clean. The earth regenerates very quickly. Look at mt. st. helens in washington state. It is amazing that in 28 years the progress that nature has restored the ecosystem.

 

Chris
I'm asking you to look past the corporations, and current events,
Men of that stature can leave a leggacy that can last thousands of years, as grate humanitarians, What in this life can you do that is better than advancing civilyzation. Instead they seem to be makeing their matresses out of that revenue that came from the earth, that made them what they are.
When this life is over, there is nothing but a tyrant to remember
I hope that clarifies my position.

Did i dull that a little for you?

thanks for reading my rant

Tumba

 

It shows how little you know about corporations is all your "dull" comments did. You forget the board of directors (you know.. the guys who own the stock) make the business decisions. Including the CEO's salary. You make it sound like there are one or two fat cats at each corporation sucking up all the money... sorry.. profits get paid to all share holders. As far as advancing civilization goes... what is your definition? Your sounding pretty socialist about now.

 

I'm simply talking about the ones selling the oil to the corporations

Damn dude, true economics go much deeper than a gain and loss statement.
Maybe when you oneday are relied upon by hundreds of people you will understand , it will be you that works the hardest.

 

Actually I understand economics very well, I have a minor in it.

These people that are making the royalties, how many do you think still drive the same cars? How many still live in the same houses? Still work the same jobs? I'd say none of them. They are spending their money.

Granted, they aren't spending it all. But go look at the housing markets around there. Go look at the local economies there. They are absolutely thriving.

And for the record, yes I am dumb enough to believe they are giving it to the oil companies. They only get a small portion, and rightly so. They put up nothing, no money and no risk. Yet they get paid handsomely for it. But the company that puts the risk and money in still takes the largest share.

As 4th generation oil worker and a current petroleum engineering student I'd venture to say I probably know a little more about the oil industry's economic contributions than you do.