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| Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi: |
03-17-2022, 11:47 AM
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#1
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Canceled
Join Date: Jun 2003
Location: vt
Posts: 13,429
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Google is available
The 18 biggest oil CEOs are worth $8 billion more now than when Biden took office.
For whatever reason this doesn't get mentioned in the context of rising prices
Posted from my iPhone/Mobile device
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03-17-2022, 12:05 PM
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#2
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Registered User
Join Date: Jul 2008
Posts: 20,441
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Quote:
Originally Posted by Pete F.
Google is available
The 18 biggest oil CEOs are worth $8 billion more now than when Biden took office.
For whatever reason this doesn't get mentioned in the context of rising prices
Posted from my iPhone/Mobile device
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You made the post, without providing support. Gee, I wonder why?
The average American household isn't spending $5,800 more on gas than at the end of 2019.
"The 18 biggest oil CEOs are worth $8 billion more now than when Biden took office."
I'm also worth more, I loaded up on oil futures when he beat Trump, anyone could have seen that coming.
"For whatever reason this doesn't get mentioned in the context of rising prices"
Same reason why you don't mention what happened to their net worth from 2019-2020.
Oil companies do well when oil is high. Not a shock. |
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03-18-2022, 08:35 AM
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#3
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Registered User
Join Date: Jun 2012
Location: Somerset MA
Posts: 9,382
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Quote:
Originally Posted by Jim in CT
You made the post, without providing support. Gee, I wonder why?
The average American household isn't spending $5,800 more on gas than at the end of 2019.
"The 18 biggest oil CEOs are worth $8 billion more now than when Biden took office."
I'm also worth more, I loaded up on oil futures when he beat Trump, anyone could have seen that coming.
"For whatever reason this doesn't get mentioned in the context of rising prices"
Same reason why you don't mention what happened to their net worth from 2019-2020.
Oil companies do well when oil is high. Not a shock.
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jim type in
The 18 biggest oil CEOs are worth $8 billion more now than when Biden took office.
its at the top of google how easy was that |
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03-18-2022, 08:59 AM
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#4
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Registered User
Join Date: Jul 2008
Posts: 20,441
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Quote:
Originally Posted by wdmso
jim type in
The 18 biggest oil CEOs are worth $8 billion more now than when Biden took office.
its at the top of google how easy was that
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i dont dispute that. if you want what they have, do what they did. or stop whining about it. envy isn’t healthy. if you didn’t buy oil when it was at $35, you missed out. remember that next time.
i’d like to see data that the average american household is paying $5800 more per year on gas. i don’t believe that math. that’s what i dispute. i think he made it up.
Posted from my iPhone/Mobile device |
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03-18-2022, 09:18 AM
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#5
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Canceled
Join Date: Jun 2003
Location: vt
Posts: 13,429
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Quote:
Originally Posted by Pete F.
Corporate profits up about $750 billion (annualized) vs. pre-crisis (Q4 '19), about 40%.
That represents about $5,800 per household; inflation is about $3,600 per household.
Posted from my iPhone/Mobile device
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Quote:
Originally Posted by Jim in CT
i dont dispute that. if you want what they have, do what they did. or stop whining about it. envy isn’t healthy. if you didn’t buy oil when it was at $35, you missed out. remember that next time.
i’d like to see data that the average american household is paying $5800 more per year on gas. i don’t believe that math. that’s what i dispute. i think he made it up.
Posted from my iPhone/Mobile device
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Where did I say it was only gas? |
Frasier: Niles, I’ve just had the most marvelous idea for a website! People will post their opinions, cheeky bon mots, and insights, and others will reply in kind!
Niles: You have met “people”, haven’t you?
Lets Go Darwin
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03-18-2022, 09:28 AM
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#6
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Registered User
Join Date: Jul 2008
Posts: 20,441
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Quote:
Originally Posted by Pete F.
Where did I say it was only gas?
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you didn’t. but we were talking about gas. my bad.
so what’s your point? that under biden, american families are getting slammed?
we already knew that.
the $8b increase in net worth for 18 ceos? it’s mostly due to stock prices. they didn’t steal
it from you pete. do you seriously not get that?
stick price increases help everyone who owns the stock.
Posted from my iPhone/Mobile device
Last edited by Jim in CT; 03-18-2022 at 09:33 AM..
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03-18-2022, 09:49 AM
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#7
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Canceled
Join Date: Jun 2003
Location: vt
Posts: 13,429
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Quote:
Originally Posted by Jim in CT
you didn’t. but we were talking about gas. my bad.
so what’s your point? that under biden, american families are getting slammed?
we already knew that.
the $8b increase in net worth for 18 ceos? it’s mostly due to stock prices. they didn’t steal
it from you pete. do you seriously not get that?
stick price increases help everyone who owns the stock.
Posted from my iPhone/Mobile device
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Stock prices are not the same as corporate profits though they can be driven by increases in volume, increases in profitability or stock buybacks.
Stock buybacks do little to ensure the future viability of a corporation, since they are made instead of capital investments.
Guess what corporate America’s doing
Posted from my iPhone/Mobile device |
Frasier: Niles, I’ve just had the most marvelous idea for a website! People will post their opinions, cheeky bon mots, and insights, and others will reply in kind!
Niles: You have met “people”, haven’t you?
Lets Go Darwin
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