Politics Thread

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10-28-2022, 03:53 PM
Masterofreality

Quote:

Originally Posted by bobbiemcgee

210 billion short term ain't bad.

You might want to read this after the Big 5 US oil companies lost $77 billion last year.
And as the author points out. Why doesn’t anybody bitch about Apple making record profits and they still charge $800-over $1000 for a phone?

https://www.forbes.com/sites/rrapier...er-lose-money/
10-28-2022, 03:56 PM
bobbiemcgee

Quote:

Originally Posted by Masterofreality

And that is 100 per cent accurate. It’s not a flat line year to year and the lack of being able to explore is going to come back and bite.
Can you say “Retained Earnings” because soon these important companies and employers are going to need them.

Nope. 63 billion going to stock buybacks and div.
10-28-2022, 04:28 PM
paulxu

Quote:

Originally Posted by Masterofreality

You might want to read this after the Big 5 US oil companies lost $77 billion last year.

Are you referring to this in the article you linked?

Quote:

In fact, in 2020 the five integrated supermajors (i.e., “Big Oil”) – ExxonMobil, BP, Shell, Chevron, and Total – lost $76 billion.

That's not "last year." In fact, I think a different guy was president. Can we blame him?
10-28-2022, 04:58 PM
bjf123

How many times has Congress called the oil company CEOs in to be questioned about “price gouging” when they’re reporting record profits? How many times did Congress prove they were price gouging and should be punished for that? I think the answer is none. They just don’t understand basic economics.

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10-28-2022, 05:09 PM
MADXSTER

If anyone is price gouging it would be the medical/insurance industry. In Cincinnati we have hospitals and med centers popping up everywhere. Is this happening in other cities? It's like an ARMS RACE.
10-28-2022, 06:02 PM
Strange Brew

Quote:

Originally Posted by bjf123

How many times has Congress called the oil company CEOs in to be questioned about “price gouging” when they’re reporting record profits? How many times did Congress prove they were price gouging and should be punished for that? I think the answer is none. They just don’t understand basic economics.

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Correct. It’s tired theatre.
10-28-2022, 06:53 PM
xuphan

Quote:

Originally Posted by Strange Brew

Because most people don’t realize they’re powered by fossil fuels (in most cases) so it’s a pointless exercise.

100%. Plus places like California and Texas do not have the power grid to handle charging all of these new EVs.
10-28-2022, 07:30 PM
bobbiemcgee

Quote:

Originally Posted by MADXSTER

If anyone is price gouging it would be the medical/insurance industry. In Cincinnati we have hospitals and med centers popping up everywhere. Is this happening in other cities? It's like an ARMS RACE.

I like dispatch health. Call them when I'm sick, come out the same day and diagnose/ treat/prescribe meds. I hurt my shoulder about a month ago. Here comes a giant xray machine thru the door. Results same day. 100% covered by my ins. I put my son onto them. 4grandkids pick up everything. Saves him a ton of time not running them around all over town.
10-29-2022, 08:35 AM
Smails

Quote:

Originally Posted by MADXSTER

If anyone is price gouging it would be the medical/insurance industry. In Cincinnati we have hospitals and med centers popping up everywhere. Is this happening in other cities? It's like an ARMS RACE.

I hear you! Based on your location.. New medical bldg at the corner of Winton and Compton and a monster being built less than a mile away on Galbraith where the old Forrest Lytle was. One of my best friends is in commercial development and he's made inroads with Tri-health and Mercy. He's absolutely killing it and he's half an idiot. It's amazing how many MOB's are popping up all over Cincinnati.
10-29-2022, 02:46 PM
Masterofreality

Quote:

Originally Posted by paulxu

Are you referring to this in the article you linked?

That's not "last year." In fact, I think a different guy was president. Can we blame him?

The last “reporting” year. You really don’t know that?
And 2020 had a pandemic that shut the economic world down. You know that too.
You are so BAD at attempted “gotchas”.