Economic - Companies hurting

[Klash]

Not only did United post a $537 million first-quarter loss and announce cutbacks accordingly, crude oil surged near the once-unthinkable $120-a-barrel mark and Delta Air Lines Inc. CEO Richard Anderson said domestic carriers would need to raise fares by 15 percent to 20 percent just to break even


Home Depot to close 15 underperforming US stores
It is the first time the world's largest home improvement store chain has ever closed a flagship store for performance reasons

Starbucks Earnings Sink 21%. Starbucks reported that net income declined to $108.7 million, or 15 cents a share, from $150.8 million, or 19 cents a share, in the year-ago quarter. The company said revenue rose 12 percent, to $2.5 billion.

[Schiznick]

Re: Economic - Companies hurting

Hmmm... Exxon Mobile profits rose 17%,... and why again are the gas prices so high ?? The price of gas directly effects the price of EVERYTHING

[Klash]

Re: Economic - Companies hurting

I saw an analyst on Glenn Beck last week, that stated gas prices in the U.S. have risen something like 312% since last year and gas prices have only risen 93% in Europe.

Inflation of the dollar is a major factor of our gas prices.

[Waterboy]

Re: Economic - Companies hurting

Reports out today from the worlds finicial markets that the dollar rose 2% against the euro and that crude oil prices have dropped to the $112.00 per barrel range.
I read a report that also says the economy is starting to turn the corner very slowly since the banks and other lending institutions hare starting to lend more dollars.
Since crude oil prices are pegged to the dollar, each rise of the dollar by $0.01 will relate to an approximate drop of crude prices by $4.00 per barrel.

[Klash]

Re: Economic - Companies hurting

GM closing 4 truck and SUV plants in North America...

May Drop HUMMER; Shift to Small Cars...

[daved150]

Re: Economic - Companies hurting

big fukin surprise!!! i'm holding on by a thread.....and it's cut halfway through!

[T-Man007]

Re: Economic - Companies hurting

What get's me is the price of crude oil has went up about 25% since last year, but the price at the pump has went up way more.

Delta says it will have to raise prices 15 to 20 percent but that doesn't make sense either. It's not like the cost of labor went up, the only thing that went up is the fuel. I realize that some of these companies have not raised prices and so they have to know but this crude oil thing is out of fukin control. They keep this stuff up and an alternative fuel source is going to jump into the main stream. Greed will get you everytime. Not to mention the devastation that an alternative fuel source would have on Middle East economies. They would find it much harder to have these Jihads without financial backing.

[daved150]

Re: Economic - Companies hurting

part of the prob is in the commodity markets....speculaters are helping to drive up the prices

[Klash]

Re: Economic - Companies hurting

I hope your right T-Man about the alternative energy becoming more mainstream. It took something like this to make a strong demand for alternative fuels or hybrids.

I don't think it is greed that is driving the cost up. I think it is many variables; stronger demand for oil (China and other countries becoming more industrial), strong and recent inflation of the American dollar but restriction of domestic oil production and nuclear energy has helped lock in these high prices that could have been alleviated if it wasn't against the law.

[firstenrgy]

Re: Economic - Companies hurting

I saw an analyst on Glenn Beck last week, that stated gas prices in the U.S. have risen something like 312% since last year and gas prices have only risen 93% in Europe.

Inflation of the dollar is a major factor of our gas prices.

The dollar has decreased in value 57% (against the euro) since 2002. This is your difference conspiracy theorist. Another note, taxes on fuel or petro in the UK are so much higher, the percentage differerence would have been off even if the dollar didn't decline. This sis the type of misinformation that drives me nuts.
WAIT.... maybe there are hundreds of evil oil executives with handle bar mustaches, sitting in a smoke filled board room drinking brandy and laughing at the increase in oil... Yeah, lets go with that

[Klash]

Re: Economic - Companies hurting

The dollar has decreased in value 57% (against the euro) since 2002. This is your difference conspiracy theorist. Another note, taxes on fuel or petro in the UK are so much higher, the percentage differerence would have been off even if the dollar didn't decline. This sis the type of misinformation that drives me nuts.

Misinformation? Conspiracy theorist? Bro, your arguments have supported mine, how am I supporting misinformation if your not?

It seems you are suggesting that I think there is an exact correlation between the decline of the dollar and gas prices and if Europes gas prices rose 93% and ours rose 312% that would imply that the dollar has declined 219%. That is not what I am stating. I am stating when countries see the dollar dropping compared to other world currencies they will require an increase in price when paying with dollars. So since 2002 (if your figure is correct) our payments to other countries would rise 57 percent when compared to the Euro. There is still other variables that would account for the 219% difference (if that figure is correct); in which I think demand is another great part of that variable, considering China's growth and the fact Iran has been hording oil off it's coast to decrease the world's market supply. There could be other countries that are practicing the same tactic. Then also our politicians own intentional agenda's of stifling our domestic energy production; which creates even a greater demand for imported oil that countries in Europe wouldn't be realizing.

WAIT.... maybe there are hundreds of evil oil executives with handle bar mustaches, sitting in a smoke filled board room drinking brandy and laughing at the increase in oil... Yeah, lets go with that

Your sarcasm suggests we're in agreements somewhere.

[firstenrgy]

Re: Economic - Companies hurting

Misinformation? Conspiracy theorist? Bro, your arguments have supported mine, how am I supporting misinformation if your not?

It seems you are suggesting that I think there is an exact correlation between the decline of the dollar and gas prices and if Europes gas prices rose 93% and ours rose 312% that would imply that the dollar has declined 219%. That is not what I am stating. I am stating when countries see the dollar dropping compared to other world currencies they will require an increase in price when paying with dollars. So since 2002 (if your figure is correct) our payments to other countries would rise 57 percent when compared to the Euro. There is still other variables that would account for the 219% difference (if that figure is correct); in which I think demand is another great part of that variable, considering China's growth and the fact Iran has been hording oil off it's coast to decrease the world's market supply. There could be other countries that are practicing the same tactic. Then also our politicians own intentional agenda's of stifling our domestic energy production; which creates even a greater demand for imported oil that countries in Europe wouldn't be realizing.




Your sarcasm suggests we're in agreements somewhere.

I didn't mean to upset you bro. Just spouting off, not pointed at you? I used your quote to make a point but wasn't pointing at you. Hope that makes sense. Sorry if it reads that way.
By the way Chinas growth is not the only problem... China subsides gasoline in china and the pay around $2.00per gallon no matter what gas prices are. India does the same. We should slam dunk them.

[Klash]

Re: Economic - Companies hurting

^ ah, I see. The way our government is, I like to spout off quite frequently myself.

You are right, if China is eating the price of gas for anything over $2, they are putting their government in a weak position.

[firstenrgy]

Re: Economic - Companies hurting

http://finance.yahoo.com/currency/convert?from=EUR&to=USD&amt=1&t=5y[/URL]