$125/barrel and rising.

[wdmso]

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.

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

[Jim in CT]

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

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

[Pete F.]

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

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

Where did I say it was only gas?

[Jim in CT]

Originally Posted by Pete F.

Where did I say it was only gas?

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.
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[Pete F.]

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

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
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[Jim in CT]

Originally Posted by Pete F.

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

You were complaining about the increase in net worth of CEOs of the largest companies. Their net worth is usually tied to stock prices, because they have tons of options. They didn't make $8B in ordinary income this year.

"Stock buybacks do little to ensure the future viability of a corporation"

So you know more than the CFOs of those publicly traded companies. Sure, why not! Stock buybacks are usually a sign that a company thinks it's in a good place. Stock buybacks aren't the evil boogeyman liberals paint them to be. They can be beneficial to everyone who owns stock.

[Pete F.]

Originally Posted by Jim in CT

You were complaining about the increase in net worth of CEOs of the largest companies. Their net worth is usually tied to stock prices, because they have tons of options. They didn't make $8B in ordinary income this year.

"Stock buybacks do little to ensure the future viability of a corporation"

So you know more than the CFOs of those publicly traded companies. Sure, why not! Stock buybacks are usually a sign that a company thinks it's in a good place. Stock buybacks aren't the evil boogeyman liberals paint them to be. They can be beneficial to everyone who owns stock.

The same guys didn't invest in american industry after the 50s and 60s and sent American jobs overseas and claimed it was beneficial to everyone.
Look around New England at the woolen business, machine tool industry, stone business, wire, etc.
All gone because of a failure to make capitol investments and improvements.