The short history of why we are in the current oil crisis, why Exxon and why it targets profit does not matter.
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Copyright 2006 Richard Stoyeck
This morning Exxon, the world's largest energy company, reported a record $ 1.36 billion profit for the second three months of this year. This was up to $ 7.64 billion from the same period last year. You will see that the profit was just as shabby as they were in the fourth quarter of last year, a record $ 10.71 billion reported in 2005. Every company has a cushion. There is always flexibility in reporting a company's earnings. Exxon earned income that had been lower than last year's fourth-quarter record, to avoid embarrassing posting another new record quarter very easily The company, the American people, the government's shoulder As we look above, we know that Congress is looking on Exxon's shoulders. This is especially so in parliamentary elections, and both houses of parliament for grabbing up.
Every president of the United States paid lip service to US Energy Independence. It is like listening to the state of the president of the union address. The last seven presidents within one minute of speaking in the state of the union always emphasize on strong words, "Please report tonight that the state of the union is strong Each president is energy independent Declared the need and then always supported from doing anything about it.
The Democratic Party's answer is to confiscate what it thinks is the extra profit that Exxon and its associates are making, or simply to make a tax to get rid of it. Republicans should open the southeastern coast of Florida to offshore exploration as if it is going to bring millions of barrels per day, the answer is that both parties are wrong. Exxon is simply tacked to OPEC and Arab countries have ordered the prices that we want to charge. It is more complicated than that, but less complicated.
Several decades ago, the world of oil, most of them were owned by the United States, operated by the seven largest oil companies on earth. For those of you old enough to remember back in 1973, the Arabs used embargos to the United States, and all the countries that support Israel, by the major oil companies of the United States, by the Arab States We reduced 60% of all income generated to 65%.
The first cartel was formed in 1960. From 1960 to 1973, the oil exporter organization OPEC had little power in oil companies (we mean leverage). It certainly changed in 1973. By then, the United States had brought about 35% of the energy demand from abroad every day. Inflation was a rampart; goods generally came out of sight, and then all hell broke loose.
Egyptians and Syrians attacked Israel in two ways. The date was Octobers 6, 1973. Later, with the support of President Nixon's secrets, all short nuclear weapons were ordered to fly to Israel to save the Jewish state. Israel succeeded in repelling the aggression, but put an embargo on oil shipments to the United States two weeks after OPEC. The Arabs then raised the price of 70 plus percent of European allies from $ 3 to over $ 5 a barrel. We are currently $ 70 per barrel plus compared to no inflation adjustment.
In the 1970s, our economy was more intertwined with oil and energy than today. We learned to be more efficient with our machines and processes. At that time, we were pushed back by the dramatic increase in oil prices. It was good for the recession in Europe. The lessons are not forgetten but they are not learning either.
Even launching a true energy independence program has not been attempted by the United States for more than 30 years. Don't punish exons that run efficiently to know how the answer is very useful. Remember the first principle of politics, people vote on their own feet.
The seven sisters, giant oil companies, who controlled oil prices and policies for generations, transferred their powers to Arab countries in 1973. Oil, unfortunately, is all the bad parts of the world and it is not going to change. We are at the mercy of the Arab price for goods that are the oxygen of our economy. If Arab Oil stops shipping tomorrow, all cars, trucks, trains and planes will soon go in half. The bad guys know that the United States has to go to war to sustain our economy. Thank you very much, and it is possible to respond by.
Arabs want our economy and our Western European friends to keep growing. They hope that China and the Pacific Rim region will continue to grow. Only through growth the world can afford to pay for Arab oil. They do not want to make us angry or angry. It is not their profit. They want to extract the maximum amount we are pleased with, and can pay for their gold barrels of liquid.
One of the consequences of this action is where GM finds himself in, and perhaps Ford is in a bad position. GM and Ford are waiting to assume the title of the largest car company in the world A bit of chopping Japanese competitors in the world, obsolete technology, fuel ineffective in the world
Our legacy airlines are currently issuing profit statements that are inversely proportional to fuel prices. Eighteen months ago you can fly from California to Europe for $ 747 in fuel cost. Today, the cost of fuel is over $ 100,000 and is more expensive.
You can go to France if you must be energy-independent for the United States. Our electricity generation like France should be core based on the next 15 years. For those who shudder and cry when they hear the world's core, they had hundreds of ships operated by nuclear power, and the US Navy for more than 50 years
Our vehicle is modeled and European routes. Europeans are paying more than $ 5 a gallon a year and they have learned to deal with it. If GM and Ford can not handle the problem, the Japanese car company will handle it for them. After all, Japanese people have had a Detroit lunch for many years. why.
Goodbye and good luck
Online exhaustive exporter directory!
You can search for buyers online or look for them in the Importer or Contact Importer Association and Chamber of Commerce Online Directory. Directory of exporters. .
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Indian Supplier, Exporter Directory, Indian Exporter, Indian Importer, Indian Exporter Directory, Indian Manufacturer Directory, IN
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How about having a comprehensive directory of information on all exporters around the world? It is not surprising to buy and sell various goods and services. Yes, it is quite possible with an online exporter directory.
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