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Thread: Oil Workers in U.S. on First Large-Scale Strike Since 1980

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    Re: Oil Workers in U.S. on First Large-Scale Strike Since 1980

    Quote Originally Posted by AJiveMan View Post
    So what. tell a moderator.

    I don't like this person's signature line either, I don't whine about it or take issue with it.

    View Profile: RedAkston - Debate Politics Forums


    Tell a moderator what? That you don't want people responding to something you are posting in the thread?

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    Re: Oil Workers in U.S. on First Large-Scale Strike Since 1980

    Quote Originally Posted by AJiveMan View Post
    But oil company profits are still high, which is why people ask for raises, they have needs too.
    Their margins will be decreasing a lot.. which will not leave much money left for increased spending - which is why they are cutting back on their invesments.

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    Re: Oil Workers in U.S. on First Large-Scale Strike Since 1980

    Quote Originally Posted by AJiveMan View Post
    Well, they could fire everybody who works for them too. Maybe they should do that and try to pay every new hire federal minimum wage, and see how that works out for them?

    I agree. They should export all their jobs to South America.

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    Re: Oil Workers in U.S. on First Large-Scale Strike Since 1980

    Edited for warning above.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Oil Workers in U.S. on First Large-Scale Strike Since 1980

    Quote Originally Posted by AJiveMan View Post
    So you're an oil speculator, I see,
    Oil is inevitably going to go up, however, going up to that high an amount is something I'm not sure of.

    But it will go up.

    The reality is that Saudi Arabia isn't going to over-produce forever. Once foreign companies lose a ****-ton of value Saudia Arabia will most likely buy a few out, stop producing as much, and their investments then grow significantly in value.

    It's simple, but it's pretty genius, gotta give em some creds for that. Takes out some of the competition while at the same time make some money off your investments.
    -----MOS 19D = cavalry scout = best damn MOS there is

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    Re: Oil Workers in U.S. on First Large-Scale Strike Since 1980

    Quote Originally Posted by AJiveMan View Post
    But oil company profits are still high, which is why people ask for raises, they have needs too.
    High is relative, at the end of the day their valuation and profits are decreasing at a rather high rate.
    -----MOS 19D = cavalry scout = best damn MOS there is

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    Re: Oil Workers in U.S. on First Large-Scale Strike Since 1980

    Quote Originally Posted by AJiveMan View Post
    From your link;



    Still highly profitable.

    And I might add, not very many new refineries have been built either. None by any of the large oil companies, most are aged, and probably meet bare minimum EPA requirements.

    When was the last refinery built in the United States? - FAQ - U.S. Energy Information Administration (EIA)

    Saying something is highly profitable without mentioning their profit margin is meaningless.

    As for refineries: From your link:

    Ground was broken in March 2013 for construction of a new refinery in Dickinson, North Dakota. The 20,000 barrel per stream day (bbl/sd) Dakota Prairie facility is scheduled to open in December 2014. Kinder Morgan plans to start up a 50,000 bbl/sd condensate processing facility on the Houston ship channel by the end of 2014.

    Capacity has also been added to existing refineries through upgrades or new construction. The most recent examples include

    In 2012, Motiva upgraded its refinery in Port Arthur, Texas, making it the largest refinery in the United States with a capacity of 600,250 bbl/cd.
    In 2009, Marathon upgraded its Garyville, Louisiana refinery. As of January 1, 2014, the capacity (bbl/cd) is more than double its original 1977 capacity.

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    Re: Oil Workers in U.S. on First Large-Scale Strike Since 1980

    Quote Originally Posted by buck View Post
    Their margins will be decreasing a lot.. which will not leave much money left for increased spending - which is why they are cutting back on their invesments.
    I don't call profit loss of a couple of billion $ as decreasing a lot.

    If the oil companies couldn't see a downward turn because of higher fuel economies and lackluster demand because of that, that's too bad, what's worse, is that it's mismanaged.

    Increased spending in what? Infrastructure repairs to outdated refineries?

    What investments? Do you see any new refineries recently?

    You wait. If and when Keystone is built, we'll see how much of that profit goes into oil company profits in the USA, right now, OPEC is cutting American oil exploration and oil production like splitting hairs, it's a cutthroat business. Oil exploration and oil production in the USA is so bad right now, oil companies are laying off workers in the USA.

    If and when OPEC decides to raise crude prices, America might be competitive again.

    I recall the sales package the oil people sold Americans when the trans-Alaska pipeline was in it's infancy, they claimed America would be oil independent, and it never happened.

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    Re: Oil Workers in U.S. on First Large-Scale Strike Since 1980

    Quote Originally Posted by AliHajiSheik View Post
    Saying something is highly profitable without mentioning their profit margin is meaningless.

    As for refineries: From your link:
    Exxon took around a $2B loss. so what?

    Decreased demand is highly attributive for this.

    People are driving less, and have more fuel efficient vehicles.

    If top level managers and CEO's of oil companies couldn't see this coming down the pike, they're really stupid.

    Looks like Kinder Morgan might have bitten off more than they can chew at this point in time

    5 Facts All Kinder Morgan Investors Need to Know That Will Affect Its Dividend (KMI)

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    Re: Oil Workers in U.S. on First Large-Scale Strike Since 1980

    Quote Originally Posted by AJiveMan View Post
    IWhat investments? Do you see any new refineries recently? .
    Do some research about hte oil companies curtailing their future investments due to the low prices.. Then you will know and not have to ask.

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