sinkingfeeling
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Wed Aug-31-05 03:04 PM
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How much champagne do think the oil companies' execs have had |
classof56
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Wed Aug-31-05 03:05 PM
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1. I'm thinking several gallons worth--and wanta bet it's French champagne? |
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Hypocritical, greedy bastards!!
Tired Old Cynic
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ArkDem
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Wed Aug-31-05 03:06 PM
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2. That is a wussy drink. I'll bet they are all single malt scotch |
nadinbrzezinski
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Wed Aug-31-05 03:07 PM
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the damasge to the faciltiies is not clear yet, but probably extensive.
So yes they are getting money at the pump but for once Exxon will have a use for all them moneys they knew not how to spend.
The damage to the US economy will be extensive, can you say Depresion? I knew yuo could... for reference the 1926 Miami Hurricane broght the Depresion to that area of the country three eyars ahead of schedule
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brentspeak
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Wed Aug-31-05 03:09 PM
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5. The oil companies will likely receive federal monies to repair |
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any facilities.
But then again, they've already been receiving federal monies through the nose.
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brentspeak
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Wed Aug-31-05 03:07 PM
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4. These people can afford to bathe in fine champagne |
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I agree that all looters of non-essential items should be treated harshly -- so that should include the oil company execs.
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gmoney
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Wed Aug-31-05 03:09 PM
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6. Let the profiteering begin... |
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When they're profitable, it's great management... when something like this happens, it's a "natural disaster" and they'll need to (A) price gouge and (B) ask for federal money for a bailout and (C) ask for even more tax cuts.
Oil companies are like insurance companies -- they game the system so that no matter HOW bad they are hit, they still make out like bandits.
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eallen
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Wed Aug-31-05 03:14 PM
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7. Do you really think they think that way? |
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What about those of us who merely hold stock in oil companies? I've been investing in energy since oil was at $30/bbl, because I thought it was pretty damn obvious that the world supply and demand outlook was changing. The run-up from there to $65/bbl has caused those investments to do pretty well. Do you think I then jumped for joy because Katrina has caused another $3/bbl jump? Or do you think I've been crying for the destruction of a city?
Katrina's impact on the price of oil is temporary. Maybe some traders are excited, who went long when the metereologists were forecasting Katrina to spin into Appalichicola as a bare hurricane, and jumped out yesterday. I doubt the executives who run oil companies care much about a temporary spike during September.
My two cents.
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DU
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Mon May 13th 2024, 03:48 PM
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