Bill O'Reilly Needs To Take a Class in Business
Bill O'Reilly had a segment today about how greedy oil companies have been price gouging and hurting consumers. He has been talking about this for a week or so now, and with each time it gets more embarassing. It is making many question his logic on all the other issues he talks about daily.
Below are some quotes:
"Nobody can believe how much these oil companies are making"
"There's plenty of gas everywhere for anyone who wants to pay for it"
"We know there's price gouging going on, you can't deny it"
"But, for every barrel of oil that Exxon pays that much money for, they take on a surcharge profit"
This one is classic:
"they're not only passing their costs along to us, but our costs plus 15%"
Oh no! A company trying to make a profit? Get out! I thought companies were supposed to just serve us for free. Something must be done about this! All those greedy shareholders will just have to stop expecting profits. Might as well just get rid of all those stupid stock exchanges too while we're at it. They don't really do anything anyway, it's just a bunch of yelling and screaming.
What's funny is that most of what Bill says is correct. However he acts as if we're all supposed to be shocked and hate oil companies now. At the same time, he claims to support capitalism.
Does he think Fox News charges advertisers only for the cost associated with running a television station..just to be nice? Oh, but advertisers...who cares about them. We only care about the poor consumers. But what about the people who work at the companies who advertise? Aren't they consumers too?
Below are some quotes:
"Nobody can believe how much these oil companies are making"
"There's plenty of gas everywhere for anyone who wants to pay for it"
"We know there's price gouging going on, you can't deny it"
"But, for every barrel of oil that Exxon pays that much money for, they take on a surcharge profit"
This one is classic:
"they're not only passing their costs along to us, but our costs plus 15%"
Oh no! A company trying to make a profit? Get out! I thought companies were supposed to just serve us for free. Something must be done about this! All those greedy shareholders will just have to stop expecting profits. Might as well just get rid of all those stupid stock exchanges too while we're at it. They don't really do anything anyway, it's just a bunch of yelling and screaming.
What's funny is that most of what Bill says is correct. However he acts as if we're all supposed to be shocked and hate oil companies now. At the same time, he claims to support capitalism.
Does he think Fox News charges advertisers only for the cost associated with running a television station..just to be nice? Oh, but advertisers...who cares about them. We only care about the poor consumers. But what about the people who work at the companies who advertise? Aren't they consumers too?
posted by Unwilling Participant at 5:39 PM
1 Comments:
Hi UP,
I think Bill O'Reilly's gripe is that Exxon Mobile had a huge 3rd quarter profit in the face of the ever-climbing pump charges to the consumer. Here's an article from http://www.detnews.com/2002/business/0211/01/b03-628060.htm:
"Exxon Mobile 3rd quarter profits off 16%
IRVING, Texas -- Exxon Mobil Corp. said third-quarter profit fell 16 percent as the largest publicly traded oil company sold less fuel amid a global refining slump. Net income fell to $2.64 billion, or 39 cents a share, from $3.18 billion, or 46 cents, in the year-earlier period, the company said. Revenue rose 4 percent to $54.2 billion from $52.1 billion a year earlier."
O'Reilly's question: "Exxon-Mobil, why, when the consumer is having to tighten the pocketbook, do you have to make $54 billion and not $50 billion?" Why not bring relief to the consumer when they have it within their power to do so. Will it break the company? I doubt it. Will it help the economy? Absolutely.
- CrippleCrab
http://www.cripplecrab.com
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