Ronmac

Does Big Oil's Apathy Justify Proposals to Tax Windfall Profits?

I keep hearing from the socialists posting on this article that "big oil" is getting subsidies and "big oil" is in control of the energy policies. But I never hear about the auto industry and their associated industries fighting higher mileage standards tooth and nail or to the basic root causes such as over-population and a government that is for sale to the highest bidder.
Go ahead and tax the oil companies, then watch oil go even higher than you can imagine.
By the way Vickram, any time you want to share in those out sized oil profits, you can buy a shares of Exxon any day of the week for about $90 apiece...quit acting like you and your socialist buddies are somehow excluded.

The 'Peak Oil' Myth: New Oil Is Plentiful

anaconda, I don't think it matters that a textbook defines "peak" as half produced. In the context of peak oil it is about flow rates not reserves. I think longoil did a great job of explaining this.

As to your contention that we are now in a "moderate to quiet period of regeneration", if the regeneration does not provide the oil flows we need today, and the over 100 we need in the future, then we have "peak oil", i.e. peak flow rates and a shortage.

Same way with not being able to drill the west coast. With your slow generation rate and the delays in drilling...same thing not enough flow.

Demand destruction will help, of course, but remember those overseas consumers don't have the same (well mostly) cheapened currency that we do.

And by the way I am not a shill for anything. So don't include everyone who thinks we have reached peak flow rates as being in on the "conspiracy".

Exxon Mobil: World’s Safest Investment

The Stockaccumlator comment has been pasted verbatim into many, many of these comments...some kind of a shill for the company...

America's Energy Policy: Coming to Terms with Reality

Merger mania, barnburner, and panskeptic, it is unbelievable that you believe the other posters are "big oil apologists". None of you have a single fact. Mini-marts go out of business, but the big oil companies don't. That is supposed to convince me? Plenty of oil to meet demand? Please go entertain yourselves elsewhere, these discussions are obviously way over your heads. Most of us here are here to try and understand the energy environment so we might make some money. So "feelings" and "if the truth be known" types of arguments are simply obfuscating reality.

Exxon's Disappointing Earnings

Kofi Bofah....I doubt we ever will see crude at below $80 again. Unless there is some kind of global depression. The supply just is not there. What is your reasoning for your predictions? If you are right, I am invested all wrong and I would really like to correct that.

Exxon Mobil: The Root of all Evil?

Hey 157113 genius, even at 20 percent, they are still beneath Google, Microsoft etc...and so what? The money they are making now is drilling wells that everything about them is obscenely priced. Check out the costs of drill pipe, casing drilling chemicals, leases, equipment..not to mention petroleum engineers..

I do agree with you about the government, but to state that 20 percent is "obscene" is plain wrong in view of the costs they have to incur to provide us with oil in the future.

Exxon Mobil: The Root of all Evil?

To poster Blaine, I am amazed you know many facts about the subject, then come to the exact wrong conclusions.

Exxon Mobil Does It Again

I know the perception is that they have a bad environmental record, but they are an oil company with the objective to find oil and to turn a profit.
Due to the size of the company and the scrutiny they operate under, if they are violating environmental laws, I am sure there are a number of whistle blowers out there to turn them in, as they should.