Why don't these oil companies contribute?

[Copespitter]

Since alot of people and some businesses are donating money, time and products to the hurricane disaster why don't these damn oil companies give a little?<br />They could drastically discount the price of gas in that area and also give free gas to any charities helping out down there.<br /><br />These oil companies are a multi billion dollar a year business that always post quarterly profits.<br /><br />They could help out get a tax write off and get some good PR in the process. <br /><br />I doubt something like this will ever happen because I doubt they give a damn.<br /><br />I'm sure their laughing all the way to the bank the same way Enron did when they price gouged the state of CA a couple years back for energy.

 

[JasonJ]

Re: Why don't these oil companies contribute?

Why should the oil companies contribute? They have their own business to deal with. They have those platforms that are long gone to replace. They have the pipelines and refineries to repair. I despise the oil companies just like the next man, but I am realistic enough to know that they need to concentrate on fixing what is broken in their own backyard first, or the whole country will suffer.<br /><br />Maybe, just maybe this will send a message to the tree huggers, and we can start building a few more refineries. We are way too limited as it stands, and this disaster illustrates that weakness...

 

[JB]

Re: Why don't these oil companies contribute?

First: Who says the oils companies are not helping?<br /><br />Second: They have lost billions in facilities and production. Why not donate TO them?<br /><br />Third: You have no basis for painting oil companies as uncaring, or as gougers, except the socialist idea that capitalists are all monsters.

 

[ZmOz]

Re: Why don't these oil companies contribute?

Originally posted by JB:<br /> First: Who says the oils companies are not helping?

I think those signs they keep showing on the news at over $6/gallon is saying that.<br /><br />

Originally posted by JB:<br />Second: They have lost billions in facilities and production. Why not donate TO them?

I donated nearly $100 for a few drops of gas just yesterday. They're highly insured. They haven't lost anything. I bet after this hurricane they'll have even higher profits this quarter.

 

[pjc]

Re: Why don't these oil companies contribute?

JB, I donate to the oil interests every fuel bill I pay. And the oil interests have insurance policies that will pay for costs and losses incurred from this storm. Their ins will not contain a "act of God" clause similar to my home owners for example. And additionally, donations are tax deductible.<br /><br />That posted, I will await a media headline reporting donations toward civilian relief from the oil interests.

 

[crab bait]

Re: Why don't these oil companies contribute?

because they'er going broke.. stocks are down.. people selling to get out while they can..

 

[ZmOz]

Re: Why don't these oil companies contribute?

Originally posted by crab bait:<br /> because they'er going broke..

I wish we had a laughing smiley here. Oil companies will go broke when we run out of oil. In hundreds, maybe thousands of years. Not a second sooner.

 

[Vlad D Impeller]

Re: Why don't these oil companies contribute?

You bought a product, you donated nothing

 

[Terry H]

Re: Why don't these oil companies contribute?

 

[SpinnerBait_Nut]

Re: Why don't these oil companies contribute?

Originally posted by ZmOz:<br />

Originally posted by crab bait:<br /> because they'er going broke..

I wish we had a laughing smiley here.

 

[JB]

Re: Why don't these oil companies contribute?

The price of gas says that is what you pay (not donate) for gas. It says zero about any help the oil companies are offering to others (besides themselves) that have been hurt by Katrina.<br /><br />Do you think that insurance is going to compensate them for billions in lost production.<br /><br />You have no proof, none, that the above accusations or those following have any basis at all.<br /><br />Mindless blame placing.

 

[GrandLarsony]

Re: Why don't these oil companies contribute?

Going broke ?<br /><br />Are ya kidding?<br /><br />My broker talked me into selling about 7K shares of Exxon Mobil 18 mos. ago. I won't even look at current share prices. Could've retired.

 

[jtexas]

Re: Why don't these oil companies contribute?

what the...you SOLD Exxon Mobil 18 months ago? what did he put you into, Delta Airlines? tee-hee

 

[Boomyal]

Re: Why don't these oil companies contribute?

Originally posted by JB:<br /> Third: You have no basis for painting oil companies as uncaring, or as gougers, except the socialist idea that capitalists are all monsters.

Right on JB. Slap 'em upside the head with the truth of the matter! <br /><br />Seems I don't get to say that much but you get 'em JB!

 

[Copespitter]

Re: Why don't these oil companies contribute?

Lost production? I'm sure they will adjust the price of gas to make up for any money that they lose.<br /><br />Why is it that the working middle class is expected to bail everybody out? <br />The oil companies have gotten rich off the middle class and its time they give something back.<br /><br />They know we have to buy their product. They know new oil companies aren't going to pop up and compete with them so why should they do anything but gouge us and make all the money they can?

 

[Skinnywater]

Re: Why don't these oil companies contribute?

1. I don't expect them to donate anything.<br />2. The oil companys haven't lost a single red cent in over 100 years.<br />3. They should be able to legally charge any price they want at the pump.<br />4. As long as the above applys, they should never, NEVER! be recipients of tax payer subsidys, special protectionist legislation, and tax breaks!<br />5.The fact that they are the largest of these recipients makes it the largest swindle of all.

 

[crab bait]

Re: Why don't these oil companies contribute?

that's right COPE.. slap-jap 'um..

 

[Copespitter]

Re: Why don't these oil companies contribute?

Originally posted by Boomyal:<br />

Originally posted by JB:<br /> Third: You have no basis for painting oil companies as uncaring, or as gougers, except the socialist idea that capitalists are all monsters.

Right on JB. Slap 'em upside the head with the truth of the matter! <br /><br />Seems I don't get to say that much but you get 'em JB!

Thats just a STUPID statement.<br /><br />With just about any other capatilist business there is healthy competition that drives the price down. These businesses make money part of the time lose money depending on the economy.<br />Also most likely we can live without their product.<br /><br />With oil companies there is about a dime a gallon differnce in price between all five of them.<br />Their going to ruin this economy if this continues.<br /><br />We need to get the oil out of Alaska and build more refineries. What, the Lib's won't allow it? With the current state this nation is in I don't think it would be that difficult to convince the voters into approving it.<br />Bush just needs to grow some nads, come up with a plan and present it to the people.<br /><br />About five years ago the liberal state of CA had an energy crisis. The tree huggers hadn't allowed a new power plant to be built in a zillion years. When everybodys power bill doubled and tripled (thanks to the monsters at Enron) Governor Davis cleared the way for several new plants to be built.<br /><br />Now we have Arnold for Gov. When the Lib's get in his way he just puts the issue on the ballot and lets the people decide.<br /><br />I guess Bush will do something about the same time he does something about all the Illegals crossing the border (which is a bigger issue then the price of gas IMO).

 

[ZmOz]

Re: Why don't these oil companies contribute?

Originally posted by JB:<br />Do you think that insurance is going to compensate them for billions in lost production.<br />

No, they'll just charge us extra to make it up. Oil companies are NOT loosing anything over this.<br /><br />

Originally posted by JB:<br />You have no proof, none, that the above accusations or those following have any basis at all.

And you have no proof that the oil companies are losing any money or offering help of any kind...because they aren't.

 

[SpinnerBait_Nut]

Re: Why don't these oil companies contribute?

Originally posted by ZmOz:<br />

Originally posted by JB:<br />Do you think that insurance is going to compensate them for billions in lost production.<br />

No, they'll just charge us extra to make it up. Oil companies are NOT loosing anything over this.<br /><br />

Originally posted by JB:<br />You have no proof, none, that the above accusations or those following have any basis at all.

And you have no proof that the oil companies are losing any money or offering help of any kind...because they aren't.

Woaaaaaa, Citgo is donating 1M dollars to the relief effort and Marathon is throwing in 1.5M for the cause, so I don't think you all can say they are not doing anything.