Quote:
Originally Posted by Kube
My gosh guys, you really need to study up a bit more prior to making comments. Did a couple of you guys realize that the US oil companies are in the top ten most profitable companies in HISTORY?
Did you know the US government GIVES billions per year for "exploration and research" to these companies?
If they go out of business, tough sh--. They have made enough profits to operate at zero profit for a long time is they so choose or, if they were smart enough to hold on to some of the funds.
I own a few small businesses that are all closed at this time. Guess what? I put away "money for a rainy day" just as Dad taught us and won't have an issue with them being closed for a long time.
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I do know that the large oil companies are profitable. I'm glad they are. I put in lots of hours working in refineries as a steamfitter. Besides me there were iron worker/welders, carpenters, electricians, insulators, painters, laborers, machinists, truck drivers, mechanics, engineers and many more. Not to mention the spinoff to many suppliers and their employees. The wicked Standard Oil/Chevron paid my dads retirement for many years and after he died they continued to pay my mother plus her medical ins.
The federal gov. does not give the oil companies anything. The federal government makes no money, they only take it from people and companies that do make it. They money that the gov. lets the oil companies keep is not given to them, it was never the governments money to start with. And exploration/ research is not accomplished for free either.