Monday, April 25, 2016

Big Oil Redeux

Another little tidbit to bookmark lieutenants and economists. 

Remember when leftists call Exxon and BP "big oil" that those are PRIVATE companies.  They pale in comparison to the GOVERNMENT OWNED OIL COMPANIES of Mexico, Venezuela, and (the largest one) Saudi Arabia's Aramco.  Aramco has a market value of $2 trillion dollars.

By comparison, Exxon only has a market cap of $350 billion.

Now I know "The Maths" are hard for leftists, so don't expect them to understand advanced concepts like "market capitalization," "billion" or the number 3.  But all you have to do next time is print off this here little post, put it in front of them, and then walk away.  You'll have won the debate and can move on with your life.

1 comment:

sth_txs said...

What is more annoying when talking to leftist is that they refuse to acknowledge that the local, state, and federal governments are the biggest grafters and beneficiaries of petroleum resources.

Look at the taxes looted on refinery facilities starting with property taxes. I'm sure these entities buy supplies, so sales taxes are in there I would guess. Most of their employees, including the blue collar ones who sit in front of computer screens most of the day, are also well paid and go buy homes and big ass pick up trucks and other stuff that is taxed in addition to their income. One can only guesstimate how much tax is looted.

Without petroleum/chemical industry, we would all be poorer. Now saying that, I also want them to be environmentally responsible to some extent. As a person with an environmental engineering background, there is a lot of deadly stuff you don't want to be exposed to. I don't like crushing fines or regulations but I don't think people should die from the negative impacts of this production.