Big oil companies

[39mto39g]

Contrary to some beliefs , the oil companies don't owe the people of the United Staes anything. The oil companies build a multy milllion $ off shoe oil rig , man it and take it to sea, They drill for oil for 2 months and get nothing, Everyone in The United States pitches in and gives the oil company what they have invested, NOT. This is free enterprise, Buy a honda scooter that gets 100 MPG or a bicycle. Yes the oil companies are making big money, SO, thats what they are in business for. Don't buy there oil.
Its not a bad thing to make profit.
Theres a reason the drug companies sell a pill for $100. Cause people pay $100. for it. The years of research and building of labs and staffing them and hundreds of failures don't matter to some, its there charging $100. for a pill. or $3.00 for a gallon of gas.
Id be happy to get behind people that have bad thing to say about the oil compaines , if those people also bailed out the oil compaies when the well failed. Nothing free in this life , even though some commercials say so.
And lets talk subsities, The government does give the oil compaines ensentive to drill, BUT the oil companies also put oil into the national oil reserve when the well comes through.
Ron

[Robert Ryan]

Agree Ron, making a profit is the American Way, but it seems that price gouging is now becoming the American Way to do it. Sorry Ron the American public is being raked by big Oil.

[Advisor]

Hmmm.wonder what would happen if the great American public would stop buying gas hogs & start buying fuel efficient models?
Out on the road I see big SUV's & big pickups with ONE person it.
Americans have to stop equating their car with the size, or lack thereof, of their genitalia.
Gawd forbid that the great unwashed would take any responsibility for this mess. Nope, just the great American game...whine whine whine. When are people going to figure out that the "government" cannot and will not make everything better? I am downright sick of it.

[39mto39g]

a really simple way of getting at Big oil. That is take oil off the futures market. Free enterprice for priceing works, ask Sony.

[reconeil]

Can't disagree with you at all, since such reasons for public grand scale rip-offs by Oil & Drug Giants have been excused and repeated over over and over enough, and/or whenever needed by "Them".

Still, I never heard of some Oil Giant going belly-up because of some failed exploration and/or: "Dry Hole".

Nor, have I ever heard of one of The Biggies in pharmaceuticals biting-the-dust due a failed Research & Development Project.
Hell, even Drug Companies responsible for deaths, don't suffer all that much.

Then too,...then was then and now is now.
Nowadays, The Oil Giants just don't drill: "Dry Holes".
NASA, U.S. Government and/or ACTUALLY The U.S. Taxpayer Funded Satellite Imageries pretty-much guarantee that no: "Dry Holes" will ever be drilled again,...even if in middle of oceans.

Also, LARGE Government Grants (ACTUALLY U.S. Taxpayer GRANTS) normally given Drug Giants for R & D of desperately needed new medicines or vaccines,...shouldn't just be fluffed-off as inconsequential. Nor, is it even right to then penalize the young, old or infirmed of The Drug Benefactors (re. The U.S. Taxpayer),...by after development absurdly high and unconscionably pricing drugs for 17 years and/or until Patent Expiration.

Besides, how-the-hell can new or old drugs manufactured here in America sell legitimately in foreign countries at about 1/4 The American Price? Plus, why-the-hell should Americans have to travel to either Canada or Mexico for reasonably priced drugs?

Why aren't Americans permitted buying these very same drugs at a quite differently Reasonable Price right here at home, ALSO?
Are American Drug Companies only permitted screwing Americans???? Sure-as-hell seems like their typical policy to me.

Whatever,...Truly curious hearing some answers that make some sense and are honest, instead of the standard excuses given for both The Oil and Drug Giants and their grand scale price gougings and/or QUITE GRANDIOSE American Public rip-offs,...for-a-change.

Neil

[39mto39g]

The drug compaines will spend on average 50 million to develop a new drug, They have around 18 years that the paton on that drug is good for so they have to make there money back and a profit for the stockholders or whats the point. After the paton runs out other drug compaies can produce the drug and because there is no investment in the development of the drug they can sell it for much less. During the paton time of the drug is where the original company must get back its investment, and can't do this if US citizens are buying the same drug from a company that doesn't have to abide by US patons (canada Mexico), Arguably , its good for the person buying the drug but then how does the original company get back its investment. If the original company doesn't make back its investment then it has no insentive to develop new drugs.

Oil compaies get subsidies from the US government for oil exploration , but they also put oil into the national oil reserve when the well comes in. Granted the taxpayers and the oil comany loose when the well does not come in, but in these times that happens not so often. At $30 a barrel gas at the pump should be $1.00 at $60 a barrel it should be $2.00 at $90 a barrel it should be $3.00, The incentive for new refineries is there if the oil wasn't on the futures market. Remove it and loosen enviroment restrictions on new refineries and you will have 75 cent a gallon gas again.
Ron