Per Goldman Sachs.

L'Shanah Tova. 

Not good news 

I don't think it will go that low. 

That's fantastic news.

The oil companies have been recording record profits while the average American family has been struggling just to keep even.

But I agree with TBT, I don't think they will go that low. 

You obviously don't understand how the economy works! 

It is not good news 

That's fantastic news.

The oil companies have been recording record profits while the average American family has been struggling just to keep even.

I guess that you don't realize that average Americans own stock in those oil companies. 

LOL average Americans don't own any stocks. They buy lottery tickets 

Do you ever state any truths? 

LOL average Americans don't own any stocks. They buy lottery tickets

Not true. 

21% of Americans believe winning the lottery is the best retirement plan 

Someone's brain "justdoesntknowanymore" too.

SMH.

The make "record" profits because they sell a ton of their product.

Their profit margin on the sale of gas is incredibly low 

If you have a 401k, you probably have stocks- 

21% of Americans believe winning the lottery is the best retirement plan

That's an insane way to think. 

If you have a 401k, you probably have stocks-


Yes indeed. Plus, if you have a defined benefit retirement plan chances are its invested in markets that invest in energy. 

I'm sure that's true- 

30% of households own $10k or more of stocks. 50% have stocks.

I guess 401k would be mutual fund backed? You don't even get to choose a risk portfolio though do you, it's just up to the fund managers? 

Their profit margin on the sale of gas is incredibly low

Exactly, the dollar volumns are huge but margins not so much. 

You don't even get to choose a risk portfolio though do you,

You can choose funds based on your own risk tolerance. 

Keep in mind this $20 a barrel thing was from one analyst, and is a doomsday scenario. Goldmans official outlook for 2016 is only as low as $45 

45 a bbl keeps the GOM operating. 

21% of Americans believe winning the lottery is the best retirement plan





 

If the oil companies are doing so bad why dont the big wigs take a smaller end of the year bonus and allow the common man to keep his job to keep the economy going.

But no, they have their yachts and multi million dollar houses to keep up. 

Uh, then how will they put gas in the yacht? 

a smaller end of the year bonus

Most bonus plans are in part based on company performance. Also, bonus plans reach well into the organization. 

Yeah
We should feel sorry for these people:

1. Charf Souki
Cheniere Energy, Inc
$141,949,280 Income
$800,000 base salary converted to $1 effective December 15, 2014

2. Tom Ward
Sandridge Energy, Inc.
$71,119,765 Income
$974,539 Salary

3. Anthony G. Petrello
Nabors Industries LTD
$68,246,187 Income
$1,700,000 Salary

4. Richard Kinder
Kinder Morgan
$60.9 million Income
Estimated dividend earnings: $380 million
Former President of Enron

5. Clarence P. Cazalot, Jr.
Marathon Oil
$43.7 million Income

6. Rex W. Tillerson
Exxon Mobil Corp
$28,138,329 Income
$2,717,000 Salary 

Are you jealous of their success? 

I'm not jealous of it, but admire their success. Channel it into incentive for my own success 

I like what you did there

That was slick

I'm not jealous at all, Go out and get as much as you can.

But don't cry about falling prices and lay off the blue collar guys (that pay the highest amount of taxes and support most of the country with their labor and taxes) when the prices drop. 

Sounds like someone is crying because they aren't getting a share of someone elses hard work. 

But no, they have their yachts and multi million dollar houses to keep up

 

Just ignore the Soupman. He votes against his own best interest. 

But don't cry about falling prices and lay off the blue collar guys (that pay the highest amount of taxes and support most of the country with their labor and taxes) when the prices drop.

If only it were true. 

Soup, hard pill for some oil patchers to swallow - try work 60+ hours a week in intense conditions, breaking their backs, only to be laid off while CEOs rake in millions and millions. 

try work 60+ hours a week in intense conditions, breaking their backs, only to be laid off while CEOs rake in millions and millions.

Supply and demand. 10's of thousands of oil field blue collar types, very few capable CEO's. 

Exec pay is irrelevant to the price of oil. No matter how much the execs take-home is, it's not going to have any effect on global oil prices, which aren't going to hit $20/barrel anyway. 

Supply and demand. 10's of thousands of oil field blue collar types, very few capable CEO's.

I'm completely shocked you missed the point. 

@PH
Why don't you make some kind formulated argument instead of just saying "nnnuuuuuhhhhh"
Like a child... 

I'm completely shocked you missed the point.

What part of supply and demand did you miss? 

Exec pay is irrelevant to the price of oil. No matter how much the execs take-home is, it's not going to have any effect on global oil prices, which aren't going to hit $20/barrel anyway.
Exactly. All this hysteria over executive pay and pay inequality is nothing more than jealousy