Exxon posts largest profit in U.S. History

bloodwater | July 31st, 2008 | 8:44 am
when was the last time an oil company ever didn’t report a huge profit?
grant | July 31st, 2008 | 9:07 am
it shouldn’t surprise anyone since we’re paying so much at the pump. of course they’re gonna report record profits since it’s never been that high before. it comes down to a simple case of supply and demand. and yet, there’s so much oil here in the u.s. that we could be getting, but pelosi and her band of idiots keep blocking the legislation that would allow us to go get the oil. and obama is incredibly foolish to say things like “well if we drill here now it won’t show a dent for a few years”. so what? that doesn’t mean you shouldn’t go get it now.

i’m all for alternative sources of energy. whatever helps me and others spend less. however, i dare the dems to keep blocking getting the oil here so they can keep strapping the american consuming public with higher gas prices. mccain will have a field day come time for the debates.

“drill here. drill now. pay less.” look that up on youtube.
Levi G | July 31st, 2008 | 9:13 am
@Grant, what makes Obama’s statement even more ridiculous is that (in my understanding) Democrats have been saying it for years…so by now, we would be feeling the relief effect. I’m with you on this one, Obama isn’t being realistic.
Jay | July 31st, 2008 | 9:51 am
What grant said.
tyler h | July 31st, 2008 | 10:30 am
i hate them with a thousand deaths.
jim | July 31st, 2008 | 10:44 am
the US government taxes every gallon of gas more than the oil company. i wonder how much the government made this past year when they didn’t drill for the oil, refine it, explore it, they didn’t even deliver it to the pumps, but yet they tax us for every gallon. what are they doing with the money?
Levi G | July 31st, 2008 | 10:49 am
“what are they doing with the money?”

Hopefully paying off debt. Oh wait. That doesn’t happen.
LenIVM | July 31st, 2008 | 10:52 am
Yeah. A lot of those taxes goes to roads and such, state based taxation of gasoline varies per state.

No…. all of our “debt money” goes to China, who in turn sells us more cheap trinkets, and takes more of our jobs, not to mention that we literally hand over technology to them.
LenIVM | July 31st, 2008 | 10:57 am
Two main focuses in this campaign should be:
MOVING JOBS BACK HERE.
and
Drilling off shore/eventually finding new fuel resources.
Katie | July 31st, 2008 | 1:17 pm
Does anyone know why the price at the pump has dropped dramatically? Where I live, about 3 weeks ago it was $4.15, but I payed $3.66 a gallon yesterday.
tyler h | July 31st, 2008 | 1:24 pm
i’m guessing supply and demand is starting to level out…and then some gas companies probably lowered prices to get more business than the other companies and yea…price wars
LenIVM | July 31st, 2008 | 1:53 pm
Price of gas fell because of the stock market (or commodities?) price of it fell per barrel. It is going back up.

It also encourages people to travel more, to get into the habit of buying more gas. I see it fluctuating more and more as elections come closer.
LenIVM | July 31st, 2008 | 1:54 pm
Also, i am sure there was pressure to lower it a little bit, so our consumer spending could increase a little.
grant | July 31st, 2008 | 2:12 pm
actually the price of gas has fallen dramatically due to the fact that bush lifted the offshore drilling ban. when he did that the speculators recognized that we were being serious about getting our oil here and so they dropped it. also, the other countries that we get our oil from realized the same. i remember the day after he had lifted the ban oil fell about $4 a barrell and has been dropping since.
tyler h | July 31st, 2008 | 3:06 pm
all we know for sure is that there is only one reason that it has fallen, and not a variety of factors that exist in a multi-faceted variable international free market economy.
bloodwater | August 1st, 2008 | 8:40 am
now on the other side GM just posted $15.5 billion in losses
Brandon | August 1st, 2008 | 9:08 am
Yeah it makes me a little wary about buying the new Camaro next year. (Yes I changed my mind from the Dodge Challenger to the Chevy Camaro, shoot me). What if they go bankrupt, will they still honor warranties? I hear a rumor that said they wouldn’t have to if they did go bankrupt. Am I the only one that thinks the new Camaro looks sweet?

http://www.chevrolet.com/camaro