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Old 10-25-2005, 10:24 AM   #29
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This is not the first quater that the majors have announced high profits...

So I am not surprised at the same thing again.

Ken
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Old 10-25-2005, 12:01 PM   #30
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Is there a major oil production company that is still owned by a US corp?

Correct me if I'm wrong but BP aka British Petroleum is owned and based in London. Shell is owned by Royal Dutch??

I don't mind paying the going rate but what company can I buy from and support a US company?
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Old 10-25-2005, 06:09 PM   #31
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I got fed up and wrote the Republican Senator from my state and expressed my discontent with congress's failure to do anything while the oil companies are price gouging us. The Republicans are already sweating it over oil company record profits so a few barbs from us won't hurt at all, maybe even get some kind of action, doubtfull but maybe.

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Old 10-26-2005, 02:14 AM   #32
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In Erie,Pa. today gas is selling at $2.19 cents and diesel is at $2.99 cents better but not great. Ed.S
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Old 10-26-2005, 06:50 AM   #33
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Donavon; Conaco/Phillips is American owned.
They just anounced their third quarter profits , they're only up 89% for the quarter.

Makes you feel kind of sad for them don't it ?
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Old 10-26-2005, 09:03 AM   #34
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As Gomer Pyle would say, "Surprise, surprise surprise?"

Ken
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Old 10-26-2005, 12:19 PM   #35
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I got no lead for 2.45 diesel for 2.75 here in Taxachusettes. Scotty
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Old 10-27-2005, 08:34 PM   #36
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Here in Minnesota today gas was $2.19 and diesel is $3.29
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Old 10-28-2005, 04:30 AM   #37
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I heard this morning that Exxon/Mobil announced quarterly profits of almost $10 billion (Yeh, that's billion with a B). That is profit, not gross sales. None of us should wonder why gas is $2.75 a gallon and diesel is ever higher than that!
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Old 10-28-2005, 05:13 AM   #38
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Left Rally park at Seffner for a short trip to Tennessee to look at some more property, Flying J at Seffner was $2.989/gal diesel. I didn't need fuel, filled up at Flying J at Jackson GA, exit 201 on I75, price $2.639/gal. Topped off tank at Fairview Flying J on I40 exit 182, price was $2.619/gal. Will be heading back on Saturday and will see what the price will be. But yes the price is way out of range with gas and the oil companies are getting richer.

Everybody stock pile enough for a week to 10 days and no one buy any fuel U.S. wide. Will let you know the price on the way back.
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Old 10-28-2005, 07:57 AM   #39
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Rio Grande Valley today's gas and diesel prices:
gas= $1.86 diesel= $2.53
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Old 10-28-2005, 11:34 AM   #40
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Fair use. It's all supply and demand folks, and Exxon Mobil has that game well under control, though the WH & Congress are still doling out corporate welfare/energy bills to oil industry to help it "endure" the grievous losses it suffered in the hurricane season.


Exxon Mobil Profit Soars on Oil Prices
By REUTERS
October 27, 2005
Filed at 8:24 a.m. ET

NEW YORK (Reuters) - Exxon Mobil Corp., the world's largest publicly traded oil company, on Thursday reported quarterly profit surged 75 percent, pushed up by record crude oil and natural gas prices.

Net income rose to $9.9 billion, or $1.58 a share, in the third quarter from $5.68 billion, or 88 cents a share, a year earlier.

Excluding a gain of $1.62 billion from restructuring its stake in a Dutch gas transportation business, earnings were $1.32 per share. On that basis, analysts' average forecast was $1.39, according to Reuters Estimates.

The company's oil and gas production fell 4.7 percent from a year earlier, hurt by outages caused by Hurricanes Katrina and Rita.

The hurricanes ripped through the Gulf of Mexico in the third quarter, disrupting energy operations in the region and sending oil prices and refining margins sharply higher.

Exxon Mobil's capital expenditures jumped to $4.41 billion in the quarter from $3.63 billion a year earlier.

Shares of Exxon Mobil, the largest of the so-called ''super-major'' oil companies, rose more than 10 percent in the quarter, underperforming the broader Standard & Poor's integrated oil and gas index, which rose more than 13 percent.

LINK
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Old 10-29-2005, 05:24 PM   #41
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I was thinking about buying some diesel fuel the other day and said "to heck with it" and the wife and I went and bought a Scion xB instead. You know the little box on wheels----and they fill it full of gas when you buy one. Thats a whole 11.1 gallons. We are now on our third week of driving it and it just went down to the 3/4 mark on the gauge. Meanwhile our diesel truck will sit in the driveway until the oil companys are slapped around enough to get the prices where they belong. Thanks for your attention---------PJRACER
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Old 10-30-2005, 01:35 PM   #42
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We just returned from a trip up I -75 to Pigeon Forge TN. Here's what I paid for Diesel:

10/23/05 $3.189 per gallon at TravelCenters of America (TA) in Cartersville, GA
10/29/05 $2.489 per gallon at Flying J in Jackson, GA (includes 4 cent discount)
10/30/05 $2.489 per gallon at Flying J in Lake Park, GA (includes 4 cent discount)
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