Expensive oil => Rich oil companies

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jean63
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Expensive oil => Rich oil companies




by jean63 » 27/09/07, 17:05

And you think they would invest in renewable energies with their huge profits ... NO .... read what they do with all this money, it's SHAMEFUL for the planet ==>

ABN the 27 / 09 / 2007 13h45
Flood of dollars on the majors
The surge in oil prices in recent years obviously represents an unexpected windfall for oil companies whose profits today reach simply surrealist levels; so, Exxon Mobil, a major among the majors, posted a net profit of $ 40 billion last year!
$ 40 billion is all in all 5 times more than the GDP of Senegal or 1 times more than the supposed fortune of Paris Hilton ... What's more, these amounts will of course further increase, the crude oil prices currently registering an increase of almost 30% since the beginning of the year.
Logically, oil companies should therefore invest heavily in production capacity to benefit from the trend increase - and probably lasting - in their operating margins. But the reality is quite different: the majors invest a little here and there but they ultimately spend most of their cash buying their own stocks: for example, Chevron, the second largest American oil company, has just announced a $ 15 billion share buyback program (still 8% of its capital ...). And it does nothing but imitate its competitor Conoco, which had announced a program of the same scope in July; As for Exxon, they break all records, buying their shares at the hallucinatory rate of 7 billion every quarter!
So certainly capitalism without investment it is as absurd as a knife without a blade which lacks the handle... But, demagoguery would be a little easy here: in the final analysis, the attitude of the majors transcribes an unavoidable reality: between the rampant inflation of production costs and the increasingly vindictive attitude of the producing countries, l The era of easily exploitable oil (in every sense of the word) is well and truly over.

Source: Boursorama.com
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by Christophe » 27/09/07, 17:19

Are you rediscovering Jean63 hot water? : Shock:

Obviously the more expensive the oil, the more "they" get richer ... but the more it is expensive the more it is econologically good ... right?

1) Gains on crude oil


Image

Oil brought in nearly $ 30 billion in 000 between 2004 and 1980


The full article: https://www.econologie.com/le-cumul-des- ... -3298.html

2) Earnings in the form of taxes



Image

a) As the 2ieme diagram shows, it is quite easy to simplify the cost of a liter of fuel in the following way:
- 6/10 of taxes therefore benefits for the State
- 2/10 of turnover for oil companies
- 2/10 of royalty therefore profits for the producing country

The distinction between profits and turnover is important: the oil companies ultimately earn much less on a liter sold than the other 2 parties.

b) The technology having its limits to reduce the expenses of the oil companies, to increase their profits, the latter must either sell more oil, or "nibble" on the shares of the 2 others.

Taxation is difficult to avoid legally, by cons do not pay the fee of the producing country is possible.

This explains the many relationships between our politicians and the leaders of producing countries in order to obtain concessions for the national companies.

For example, TOTAL has an oil field in Iraq equivalent to the reserves contained in US territory. Let's not even talk about Africa where where there is oil (like any other wealth), conflicts suddenly appear ... Conflicts which allow certain companies to take advantage of resources in a "profitable" climate.

c) An increase in the price of crude is largely favorable to the profits of oil companies when they do not have to pay the producing country. The Elf affair showed that not all tankers were "counted" for this obvious reason. The record profits of the Oil companies of the years 2005 and 2006 would tend to prove that a large part of their oil is not paid to the producing countries!

d) An increase in the price of crude is favorable to tax revenues since the VAT is proportional to the price of the product excluding tax.


The full article: https://www.econologie.com/taxation-fisc ... -3471.html

ps: if if they invest in renewable energies: BP Solar, Total solar energy ... etc etc a lot of powder in the eyes in fact ... : Evil:
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by Christophe » 27/09/07, 17:21

ps: in constant $ they have already won more ...

Image

https://www.econologie.com/l-argent-du-p ... -3297.html
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by jean63 » 27/09/07, 17:28

but the more it is expensive the more it is econologically good ... right?

....... proof that no since the liter of SP95 will soon be 1,50 euros or 10 Francs and it is still running on our beautiful roads and highways (note that many gend simply circulate daily to go to their WORK and others like salespeople to sell their products ...).

......... this is what should, but it is not the case since the CAPITALIST SYSTEM cannot function without an economy based on GROWTH and PROFITS which benefit the RICHEST PROOF. ... so who will shit even more: low and middle wages.

If these oil groups invested in research to produce low-cost vehicles with low pollution (soil and CO2) and not Hdi and large 4X4 + trucks that transport everything and anything from anywhere to anywhere, we would not ask questions of this type. What is all this money linked to the profits of the big oil companies or others? ==> read the book by Hervé Kempf.
See all Yachts and other toys at RICHES from Russia and elsewhere ......

I know that we will never agree on this subject but I maintain my opinion.
Last edited by jean63 the 27 / 09 / 07, 17: 41, 2 edited once.
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by Christophe » 27/09/07, 17:31

And op one more article on the subject: https://www.econologie.com/les-benefices ... -1934.html
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by Christophe » 27/09/07, 17:36

jean63 wrote:If these oil groups invest in research to produce low-polluting vehicles (soil and CO2) and not Hdi and large 4X4 + trucks that transport everything and anything from anywhere to anywhere, we would not ask questions of this type.


They invest in research, you don't have to worry! Research to improve prospecting, extraction and refining of petroleum ... It is their job after all and they are not car manufacturers ... even if everyone knows that they have strong links with these latter...

They invest above all where it pays the most.
They have no interest in developing engines or vehicles that consume much less ...

jean63 wrote:What is all this money linked to the profits of the big oil companies or others? ==> read the book by Hervé Kempf.


I caricature but: they serve to amuse the tankers and then to extract more oil ... and the circle is complete.

Incidentally, these profits are used to corrupt an African leader or to finance a rebellion ... : Evil: Thats the (fucking) world ...
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by bham » 27/09/07, 18:24

jean63 wrote:
but the more it is expensive the more it is econologically good ... right?

....... proof that no since the liter of SP95 will soon be 1,50 euros or 10 Francs and it is still running on our beautiful roads and highways (note that many gend simply circulate daily to go to their WORK and others like salespeople to sell their products ...).
......... this is what should, but it is not the case since the CAPITALIST SYSTEM cannot function without an economy based on GROWTH and PROFITS which benefit the RICHEST PROOF. ... so who will shit even more: low and middle wages.

Well agree with you Jean, workers often have no choice and without a complete overhaul of our economic system and our labor market, nothing will change.
But hey, we are happy, we will have to drive 10km / h slower so we will save : Lol: : Lol: : Evil:
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by jean63 » 27/09/07, 23:11

And a little video which proves that even in the USA, it is the poor or the less endowed who will drink in the affair of "subprime" loans (look closely at what this very angry journalist says, it is surely a truth which disturbs); I just saw it on FR3 in "Tonight or never" just before the 23pm newspaper ==>
http://blog.bretagne-balades.org/index. ... -en-direct

moreover, the debate continues after the newspaper, that will be super interesting because there are beautiful people Fitoussi, a person in charge of Attac, the co- .. of the book "The day where France has failed" with Ph .Jaffré (not the exact title), etc ... all very competent. The 1st quarter of an hour has already been fascinating to understand the extreme fragility of the system pronounced and piloted by the USA (which protects itself well from liberalism at home and at their borders and lives on credit in the rest of the rich world: Japan, Europe, China).

NB: it's a little off topic, but hey ... it's always oriented "excesses of the capitalist system built around oil" ....... : Evil:
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by bamboo » 28/09/07, 10:05

Jean, you can't ask an oil tanker to invest in low-consumption engines! It's like asking an organic farmer to fund research on cheaper synthetic pesticides! What would be his interest ??

Here is why rising oil prices are beneficial long-term :
Consumers who are tired of paying more and more will buy cars that consume less and less (or invest in the insulation of their housing, etc ...)
Thus, the manufacturers of cars (or insulators), to be able to continue to sell, will invest in technos which make it possible to save energy. It takes time, but it is effective. You just have to see the investments that were made during the previous oil crises to convince yourself!

The more expensive the dirty energies, the more profitable the clean (or less dirty) energies, and therefore the more they develop.
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by jean63 » 28/09/07, 18:09

indy49 wrote:Jean, you can't ask an oil tanker to invest in low-consumption engines! It's like asking an organic farmer to fund research on cheaper synthetic pesticides! What would be his interest ??

Here is why rising oil prices are beneficial long-term :
Consumers who are tired of paying more and more will buy cars that consume less and less (or invest in the insulation of their housing, etc ...)
Thus, the manufacturers of cars (or insulators), to be able to continue to sell, will invest in technos which make it possible to save energy. It takes time, but it is effective. You just have to see the investments that were made during the previous oil crises to convince yourself!

The more expensive the dirty energies, the more profitable the clean (or less dirty) energies, and therefore the more they develop.

well agree with you on the principle, but from there to make it a reality .... modern vehicles consume relatively less than those of 10 or 20 years ago..although I read an article recently explaining that the old version of the BMW ... consumed no more than the very recent version BECAUSE OF WEIGHT (+ 500 kgs dedicated to the whole armada of modernism installed on board).

In addition, when I was 20 I drove in 2CV (1970), today young people (not all) drive with small bombs type 205 GTI, they consume more and kill themselves on the road.

The number of vehicles has exploded in recent years and the theoretical consumption announced is rarely in line with reality in daily use.

In another area, we recommend putting low consumption bulbs in houses and at the same time there are 2 very common devices that have entered this house: the flat screen TV and PC and the livebox for the internet. Selobn the information in my possession the flat screen consumes as much as a person + at home and the livebox box consumes half of a fridge (livebox consumption estimated at 1 billion KWH / year in France: heard this morning at the radio = study output by "que choisr").

Progress: YES in the theoretical reduction in energy of appliances and vehicles BUT new objects (or accessories = air conditioning and electric motors for sliding doors, sunroof, etc.) supposed to improve the comfort of users BUT increasing consumption energy.

Longer lifespan of modern appliances very short compared to those of the 50s, 60s, 70s ...... I saw it myself on my gas boiler and household appliances. Too much shopistique and when it is broken = IRREPARABLE = to replace with new, and there there is a packet of energy spent to redo new and send it to the recipient, not to mention all the energy-consuming advertising , and commercial network = same.

Well I stop because it annoys me.
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Only when he has brought down the last tree, the last river contaminated, the last fish caught that man will realize that money is not edible (Indian MOHAWK).

 


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