30ware

Exxon Mobil's Record Profit: How Much Is Too Much?

A way to fix Energy & Jobs while creating growth, securing Social
Security, and getting out of the Middle East. (Win! Win! Win! Win)

Drill in ANWAR. It's the size of South Carolina and the oil is located within the size and space of Dallas airport. This will create jobs and replace Saudi oil.

Drill off the Atlantic, Pacific, and Gulf coasts, and parts of the Mid-west for Oil. There's enough oil to last a life time or 2. It can also replace most, if not all of our Mid-East oil needs.

Mine for Coal in the American West. There's enough coal to last at
least 200 years or more.

Build train tracks, if they don't already exist, into Detroit and Pittsburgh. Train in all the Oil and Coal for processing and refining. This will replace the old Auto & Steel jobs lost since the 70's.

Overall, this plan does several things:

Once the announcement is made, the price of Oil and Coal will drop due to the impending new large supply that will be brought to market. The drop in food and gas prices will soon follow. It may be a few years before we can start to get the oil and gas into our cars, but the impact on the speculators, that drive the price up today, will start to subside. I'd expect the price to drop by at least 40% within a year.

We can stop the production of Ethanol. This will also bring down the
price of food, since food and fuel will no longer be a competing resource.

Then there's the creation of new jobs. We'll have new jobs for
driller, suppliers of drillers, cargo haulers (tankers, trains, and
truckers) and their suppliers, jobs for processing and refining, and
their suppliers, etc.

It will also greatly reduce our need for foreign imports and maybe if
we can produce enough we can export some?

With the profits made companies they can build and support their own infrastructures.

With the existing tax levels we have in place on the companies, we can target existing government programs like Social Security

This will also give us time to work out our GREEN issues with
Bio-fuels, Nuclear, Algae, Wind & Water Turbine, cow farts, or
whatever else we can think of.

Finally, this may also be a deturnat to Terrorism, since we'll be out
of the Middle East influence game.

Well, this is what I think. What do you think? Who's with me!

first published: Thu May 8, 2008 4:16 pm

Exxon Mobil's Record Profit: How Much Is Too Much?

The article fails to mention that XOM pays a 49% tax rate and for the quarter will pay 9.5 Billion in taxes. It also fails to mention that Clothing, Software, Telecom service, etc., (things that people use daily) tend to make anywhere from 30% to 300% in profit margin, where as XOM make's 8-12% in profit margin. So, 14% is not out of line. Chris, how about a little more home work before reporting and give both sides of the story.