How will the oil companies hide their profits?

It is all supply and demand.

These producers that can drill oil for $15/bbl are making $55/bbl profit. HUGE PROFIT. But is it their fault? They are not price fixing.

But the key is with crude at $70/bbl, if you "could" drill for $40/bbl, you can make a lot of money. So we will see a lot of oil supply in 3-5 years now that and that will help take the pressure off these prices. So now the marginal producers will come online. Of course, if these marginal guys are pumping crude at a cost of $35/bbl and crude drops below $30/bbl, they will lose money. Risk/Reward. I think the profit margins are ridiculous, but I also think the end of this rally in crude is very near

 

"How will the oil companies hide their profits?"

No idea, they will and try and think of something.................

 

They seem perfectly happy posting monsterous profits.

 

Exactly. And rub it in our faces. And we can't do **** because we, the little guys driving can't stick together enough to affect the demand. And transport companies can't do that either because ... well ... they need gas to stay in business ... and there's the whole manufacturing thing ... same thing. Face it. We depend on oil. They can bend us over, add some sand for good measure, and we'll still be saying "thanks, I need some more".
I should seek a job at an oil co.

 

Think the profit margin is high? BUY THE STOCK.

 

I'm sure they'll do what all other BIG BIZ has been doing for decades...They'll hide it through accounting scandals and we will be the one holding the short end of the stick. I despise the oil companies for what they doing right now. Hopefully the next president won't be so attached to OIL PROFITS and will put these a'holes in their place.

 

there's an idea.

 

Honestly, if I recall many oil companies give decent dividends too.

 

that they do....

 

Image Unavailable, Please Login

 

BWHAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAHA!!

For some reason i thought that was really funny. Oh yea i know why, b/c its my f-ing money. rat bastards

 

Dont remind me. I should have bought it at 88. :*(

 

do you have to pay for those charts? If yes, do you know where i can get similar stuff for free?

 

88 or 89.

Piccie deleted.

 

thats a pay site. you can get charts lots of places for free like CNBC.com. I don't know where to get the volume part for free.

 

Well played my friend, well played. Congrads!
Image Unavailable, Please Login

 

You want to see all the crap I missed on??!! LOL

 

Hey as long as you net in the + you will be fine. Remember, might as well write off loss to save on cap gains.

 

In eastern Canada, all of the major gas companies are "redoing" their gas stations. Rebuilding the stores and pumps and running a billion T.V. and radio ads everyday for about 2 months now. WEEEEEHOO! I'm glad they have enough money for themselves! It would be a shame if I don't know, somehow, it was possible to keep some of our money? please?

 

www.bigcharts.com

Very flexible charting site and all free

Go to Interactive Charts