Author Topic: Exxon On Way To 32 Billion $$ Profit This Year  (Read 1538 times)

Offline Skuzzy

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Exxon On Way To 32 Billion $$ Profit This Year
« Reply #45 on: April 28, 2005, 05:01:22 PM »
Nah,..I figure the next thing is to post Webster's defination of greed and ambition.  I have just *assumed* everyone understood the difference.  Bad assumption on my part.

Saying ambition and greed are the same (or related) would be tantamount to claiming courage and cowardice to be the same (or related).

Before blurbing how silly that comparison is,..think about it.
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Offline MrLars

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Exxon On Way To 32 Billion $$ Profit This Year
« Reply #46 on: April 28, 2005, 05:04:23 PM »
Quote
Originally posted by 2bighorn
Accident caused by?


The accident was caused by the Third Mate, Gregory Cousins and helmsman Robert Kagan, and their failure to follow the specific instructions from Cpt. Hazelwood that called for a 20 degree starboard turn at a specific point to bring the Valdez back into the shipping lane after maneuvering to avoid floating ice. They, instead, made a 10 degree turn which wasn't enough at that specific point to avoid Bligh Reef.


National Transportation Safety Board is pretty clear about cause. [/QUOTE]

The NTSB laid blame at various feet. That is why that now a pilot is required to stay on the vessel well beyond Goose Island where as before he would exit the ship after navigating through the Valdeze Narrows and the Alyeska Pipeline Co. for not maintaining their emergency equipment to keep it in a state of readiness as they agreed upon in order to get the terminal built. They are now required to hold numerous training exercises a year with state and CG oversight.

If airlines would be allowed the same, we would see those giant birds falling off the sky every freakin day. [/QUOTE]

I have no idea what you're trying to say here but it sounds to me like a stupid Greenpeace argument.

And they don't have the profit margins as oil industry does. [/QUOTE]

When oil tankers start transporting human's as their main cargo maybe their profit margin will decrease to a level acceptable to you...maybe.

Offline Krusher

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Exxon On Way To 32 Billion $$ Profit This Year
« Reply #47 on: April 28, 2005, 05:23:34 PM »
I am proud to be a stock holder.

go XOM

Offline MrLars

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Exxon On Way To 32 Billion $$ Profit This Year
« Reply #48 on: April 28, 2005, 05:26:04 PM »
Quote
Originally posted by oboe
john9001,

The company was well aware of the captain being an alcohol abuser, yet they left him in command of the vessel anyway.   To me that shows a certain amount of culpability on Exxon's part.


Show me a tanker or freighter crew of the same time period where there are no crewmen with a booze problem. Did Hazelwood have an alcohol problem? Most likely, did that problem cause the Third Mate and Helmsman to dissobey the Captian's order for a 20 degree turn? Not very likely.

Infact, Captian Joe was aquitted of operating under the influence but was convicted on the much lesser charge of 'negligent discharge of oil'.

Now the law is different and because of the Valdez spill the likelyhood of a grounding caused by human error is greatly reduced, however, mechanical malfunctions will happen and the threat is still there for another spill.

Offline Tumor

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Exxon On Way To 32 Billion $$ Profit This Year
« Reply #49 on: April 28, 2005, 05:37:30 PM »
Stop whining and do your part... ride a bike.
"Dogfighting is useless"  :Erich Hartmann

Offline Holden McGroin

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Exxon On Way To 32 Billion $$ Profit This Year
« Reply #50 on: April 28, 2005, 06:19:04 PM »
Quote
Originally posted by Skuzzy
Holden, you are talking the end result.  You are not talking about the actual path to get there.  So would you take money from your employees to meet your personal goals?  
If yes, then you are a greedy bastiage.


No, I would be a thief.  As I see it greed is a want of more: the choice on how one gets it is just a matter of honesty.  When someone collects more than he deserves then the term greed comes in, but more than one deserves is a matter of shades of gray.

The world average wealth is probably in the low thousands of dollars if it has broken through from the hundreds per annum.  

That could mean that everyone above the world average is a greedy bastage by some measures.
Holden McGroin LLC makes every effort to provide accurate and complete information. Since humor, irony, and keen insight may be foreign to some readers, no warranty, expressed or implied is offered. Re-writing this disclaimer cost me big bucks at the lawyer’s office!

Offline oboe

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Exxon On Way To 32 Billion $$ Profit This Year
« Reply #51 on: April 28, 2005, 09:41:06 PM »
Quote
An award of $287 million for actual damage and $5 billion for punitive damages was awarded by an Anchorage jury in 1994. Exxon appealed against the ruling and the 9th U.S. Circuit Court of Appeals ordered the original judge Russel Holland to reduce the amount. On December 6, 2002 the judge announced that he had reduced the damages to $4 billion, which he concluded was justified by the facts of the case and not grossly excessive. Exxon's company position is that no punitive damages are justified because the spill was an accident. However in court it was argued that allowing a "known drunk" to captain the ship was reprehensible. Exxon sent it back to court, to be considered in regards to a recent supreme court ruling in a similar case, resulting in Judge Holland actually upping the punitive damages to $4.5 billion, plus interest. Exxon is again appealing, some fifteen years after the incident. The case currently sits in the 9th Circuit appelate court.

Offline Lizking

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Exxon On Way To 32 Billion $$ Profit This Year
« Reply #52 on: April 28, 2005, 10:05:20 PM »
What is the entire fishing ecomomy of Alaksa for 10 years?  Is it 4.5 billion?  Are there any lasting effects of the spill 10 years later?  Not that it was a good thing, but it as not the end of the world as we know it either.  A bunch of animals died, the coast was ugly for a while and now it is back to normal.  **** happens, deal with it and move one.

Offline rpm

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Re: Exxon On Way To 32 Billion $$ Profit This Year
« Reply #53 on: April 28, 2005, 10:38:53 PM »
Quote
Originally posted by SirLoin
Makes you think...

Price of Oil before first Gulf War..$14 a barrell

After two Bush administrations(and 2 wars).....$50+(and climbing)
I can't believe none of the lemmings has cried "Ameristalker" yet.
My mind is a raging torrent, flooded with rivulets of thought cascading into a waterfall of creative alternatives.
Stay thirsty my friends.

Offline oboe

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Exxon On Way To 32 Billion $$ Profit This Year
« Reply #54 on: April 28, 2005, 11:01:29 PM »
Quote
Originally posted by Lizking
What is the entire fishing ecomomy of Alaksa for 10 years?  Is it 4.5 billion?  Are there any lasting effects of the spill 10 years later?  Not that it was a good thing, but it as not the end of the world as we know it either.  A bunch of animals died, the coast was ugly for a while and now it is back to normal.  **** happens, deal with it and move one.


Not sure on the fishing economy Liz but the story said some marine ecosystmes will take up to 30 yrs to recover.   Hundreds of thousands of animals died.   The Chugach Native American tribe was driven into bankruptcy.  Worst environmental disaster evar...well, no, Chernobyl was prolly worse.

Hopefully it taught a lesson about spill recovery techinques and equipment and we'll be more successful in the early containment phase next time.

Offline Torque

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Exxon On Way To 32 Billion $$ Profit This Year
« Reply #55 on: April 29, 2005, 12:25:19 AM »
i don't mind companies making large profits, but the price volatility which occurs every thursday and only last till sunday morning, during the summer is complete bs.

do you think oil companies would have such large profits, if the policy makers of the times had a vested interest in the hemp industry, who's kidding whom here?

Offline Toad

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Exxon On Way To 32 Billion $$ Profit This Year
« Reply #56 on: April 29, 2005, 12:30:44 AM »
Relax, the 82nd is dropping on Exxon HQ tomorrow at 0400.
If ye love wealth better than liberty, the tranquility of servitude than the animated contest of freedom, go from us in peace. We ask not your counsels or arms. Crouch down and lick the hands which feed you. May your chains sit lightly upon you, and may posterity forget that you were our countrymen!

Offline Airhead

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Exxon On Way To 32 Billion $$ Profit This Year
« Reply #57 on: April 29, 2005, 01:34:14 AM »
Quote
Originally posted by Toad
Relax, the 82nd is dropping on Exxon HQ tomorrow at 0400.


Then I better go gas up now before it rises another twenty five cents a gallon by tomorrow noon.