Down with the evil Gas lords. (yes, i am brave enough to post another from myspace)

[Kaak]

I would reiterate the fact that oil companies are masking their costs, as evidenced by the 400m retirement package and EVERYONE getting raises. Like I said, my dad got a 33% raise. And this is after getting a raise last year.

[Imran Siddiqui]

Originally posted by JohnT
Not necessarily (the illegal part). If neither company is in a market-leading position, or if the market is too small, "predatory pricing" laws aren't enforced all that often. For example, the local Dojos (martial art school) here in Knoxville are engaged in a vicious price war which will drive out some of them. Nobody is going to concern themselves with this, however, even though they are doing just what you described.

Doesn't mean it isn't technically illegal, it just means it isn't enforced .

Though a price war can be different than preditory pricing. Realistically, it is very thin line and depends on the mood of the prosecutor.

[KrazyHorse]

Originally posted by Flubber


Sorry Krazy but a consortium that included Petrocanada, Norsk Hydro and Encana drilled at in the Flemish Pass area that is just outside canada's 200 mile limit-- The drilling program was around 2002 or 2003 IIRC

Those are pretty new, and aren't yet an important supply. Things might change eventually, but for now the overwhelming majority of production is located on land or within the EEZ

[JohnT]

Originally posted by Kaak
I would reiterate the fact that oil companies are masking their costs, as evidenced by the 400m retirement package and EVERYONE getting raises. Like I said, my dad got a 33% raise. And this is after getting a raise last year.

Dude, I got a 50% raise today. Doesn't mean we're going to start charging you for phone books.

[Flubber]

Originally posted by KrazyHorse


Those are pretty new, and aren't yet an important supply. Things might change eventually, but for now the overwhelming majority of production is located on land or within the EEZ

I agree fully--- but drilling does take place in "international waters"

[Kaak]

backtracking kh?

[KrazyHorse]

Originally posted by Kaak
I would reiterate the fact that oil companies are masking their costs, as evidenced by the 400m retirement package and EVERYONE getting raises. Like I said, my dad got a 33% raise. And this is after getting a raise last year.

Dumb statement. If oil companies were "masking" 80% of their profits by paying their employees more then don't you think their stockholders would kick up a fuss?

[Arrian]

Day-um. A 50% raise. I was ok with my 6.25% raise. Well done, John. I bet you work harder than I do, though

-Arrian

[Kaak]

johnT, you getting a raise is not the same as everyone getting a raise

[JohnT]

Originally posted by Arrian
Day-um. A 50% raise. I was ok with my 6.25% raise. Well done, John. I bet you work harder than I do, though

-Arrian

62 hours billed last week. You tell me.

[KrazyHorse]

Originally posted by Kaak
backtracking kh?

Not at all, kid. I didn't know any were around yet.

But sure, the existence of a couple of platforms makes your point.

Just like the fact that the price of oil is 5% different across the Atlantic makes your point.

[Kaak]

If prices for something doubled in 4 years, don't you think consumers would kick up a fuss? No, they'd just bend over and take it

[Arrian]

Are you asserting that everyone at your Dad's company got a 33% raise? Or just a raise, period? After all, most companies give everybody a raise each year, it's just that they're typically smaller than 33% (they have to be).

-Arrian

[Kaak]

Kh, they don't just use platforms...they have oil ships now that drill too.

[KrazyHorse]

Originally posted by Kaak
Kh, they don't just use platforms...they have oil ships now that drill too.

Do you have a point, or is this just some frantic exercise in distracting people from how badly you've fared so far?