Exxon selling Gas Stations To Distributors

[IIronman]

Did you guys hear..Exxon wants to sale all their gas stations..

[Greyfoxx]

Quote:

Originally Posted by IIronman Did you guys hear..Exxon wants to sale all their gas stations..

Where did you hear that ......... Maybe the Boycott is working ...... right, when hell freezes over.

[IIronman]

Quote:

Originally Posted by Greyfoxx Where did you hear that ......... Maybe the Boycott is working ...... right, when hell freezes over.

Exxon Mobil Plans to Exit the Gasoline Business - FOXBusiness.com

[TN. TRUCKERS WIFE]

Quote:

Originally Posted by IIronman Exxon Mobil Plans to Exit the Gasoline Business - FOXBusiness.com

That's interesting, selling out due to lower profits, lol Wonder what happened to the profits. lol

[midnight lover]

Exxon sells US gas stations to distributors

2008-06-13 05:47:24
By JOHN PORRETTO AP Business Writer



HOUSTON (AP) — Exxon Mobil Corp. said Thursday it's getting out of the retail gasoline business, following other major oil companies who've been selling their low-margin stations to gasoline distributors.
Motorists, however, will continue to see Exxon's Tiger-themed stations and Mobil outlets in their neighborhoods. Already, about 75 percent of Exxon Mobil's roughly 12,000 stations in the U.S. are owned by branded distributors, who buy Exxon Mobil products and pay to use the name.
Irving-based Exxon, the world's biggest publicly traded oil company, said it now plans to sell to distributors its remaining 820 company-owned stations and another 1,400 outlets operated by dealers. Exxon Mobil didn't disclose financial details but said the sales will take place over a "multiyear period."
Texas has the most company-owned retail locations with about 190. Florida is next with 170.
"As the highly competitive fuels marketing business in the U.S. continues to evolve, we believe this transition is the best way for Exxon Mobil to compete and grow in the future," said Ben Soraci, the director of Exxon Mobil's U.S. retail sales.
Exxon Mobil is not alone among Big Oil exiting the retail gas business, a market where profits have gotten tougher as crude oil prices have risen. In fact, industry officials say the major oil companies own fewer than 5 percent of U.S. gas stations.
Gas prices reached a new record at the pump Thursday, rising to a national average of $4.06 a gallon. Still, station owners say they're struggling to turn a profit on gas because while wholesale gasoline prices have risen sharply in recent months, they've been unable to raise pump prices fast enough to keep pace.
Most gasoline retailers long ago got past any illusion they can make money by selling gas. They rely on gas sales to drive traffic to their shops, where they hope auto repairs or food and drink sales will help them turn a profit.
Jeff Lenard, a spokesman for the National Association of Convenience Stores, said Exxon Mobil's decision to sell its stations is not surprising given similar moves by BP, Shell and others.
"They can actually point their attention to some other area where you can make money," Lenard said. "Retail is incredibly volatile. This way, they can (sell gasoline) wholesale and count on a fairly predictable income."
Exxon Mobil said it sells about 14 billion gallons of gasoline annually at its U.S. branded stations.
Its shares fell $1.55, or 1.75 percent, to close at $87.06 in trading Thursday. They've traded in a range of $77.55 to $96.12 in the past year.

[rebel]

Like to think boycott played a part in this. Even if no proof, I say we take some credit for it.

Another one bites the dust....

[TN. TRUCKERS WIFE]

Quote:

Originally Posted by rebel Like to think boycott played a part in this. Even if no proof, I say we take some credit for it. Another one bites the dust....

I agree, I felt pretty good about it myself. We know for a fact that this boycott went from the coast line in California to the East coast in South Carolina. I have people blowing their horns at me everytime i go out in my car with my boycott signs.

[BANDIT]

Every little bit helps....No matter what it is, a little bit is always better than nothing at all. Right now, I'm quite sure that this is no great big disaster to Exxon/Mobile, but at least it shows that they are seeing that there is something going on and it is aimed right at them. They are simply doing what I call "Duckin & Dodgin". Trying to see what they need to do to keep this Boycott from dipping into their humongous profit margin.

[rebel]

Yeah, after a friday 13th week a little good news is nice

[Bullwinkle]

Quote:

Originally Posted by BANDIT Every little bit helps....No matter what it is, a little bit is always better than nothing at all. Right now, I'm quite sure that this is no great big disaster to Exxon/Mobile, but at least it shows that they are seeing that there is something going on and it is aimed right at them. They are simply doing what I call "Duckin & Dodgin". Trying to see what they need to do to keep this Boycott from dipping into their humongous profit margin.

That is exactly what they are doing.

[lunachic]

They are going to start drilling in the philippens
at the cost of 100 million.
Just to explore, they know it's their.
Is'nt there something about a certian amount out the waters become international?
That's why the ships need to go out to gamble.

[rebel]

Usually 3 miles is int"l limit, but I don't know about oil leases.

[lunachic]

Quote:

Originally Posted by rebel Usually 3 miles is int"l limit, but I don't know about oil leases.

I don't know but how can someone take claim to something if it's out side the limit. Here they are saying if they drill it would be 125 miles off the coast.
So who would own it?

[Greyfoxx]

Quote:

Originally Posted by Bullwinkle That is exactly what they are doing.

Hey here's something;

At the last stock holder's meeting the management team got their assess chewed out by the Rockefeller Families (EXXON was originally Standard Oil) who hold all the Preferred Shock in ExxonMobil.

The team was told to get their assess in gear and start getting involved in alterative energies.

There is something about to come down the line that could all but put the oil industry out of the oil business all together. I think from my research that there is a new list of alterative energies coming on line very soon. One of them is a generator the runs on water only, that could sell for $3000, and that could be installed in the home, meaning that you can cut the power line to power companies and run your houses energy needs and can your hydrogen powered car from this gererator. Also an inventor in Japan just finished the first car that run on water only. There is also a car in Europe that runs on compressed air. The world is about to do a 180, and free us from the oil companies. I think that is why we are seeing fuel prices going through the roof ...... their milking the cow to death before the bottom drops out. BUT that doesn't justify destroying this nation in the posses, and that is why I'm here fighting.

Years ago I attended a one week long course at UCLA in how to add water to your gas to run your car .... I did it and it worked. I built one of the injecters, but the only problem I had was keeping it tuned. Try this .......take a wooden match, add a small drop of water to the tip of the match where the wood meet the part you strike ..... don't get water on the part you strike. Strike the match being careful not to throw the water off. Watch want happens when the flame reaches the water. Water is one part hydrogen, two parts oxygen. When the flame reaches the water the heat divides the two molecules and ignites the hydrogen. I did this with a candle when
I was just 9 year old, but never thought why it happened. Take a candle, and place a small drop of water at the base of the wick, and then light the candle and watch the water spark.

I've always been a bet of an inventor, but that's a long story, and we not here for stories. I have a list of products I invented for biking, and for handicapped children.

[TN. TRUCKERS WIFE]

Greyfoxx, will these people not turn around and buy the futures in the new products that hit the market?

[Bullwinkle]

Quote:

Originally Posted by Greyfoxx The team was told to get their assess in gear and start getting involved in alterative energies.

This is because the CEO of Exxon/Mobil got his ass chewed by the government a few weeks back due to the lack of investment they put into alternative energy research.

[Greyfoxx]

Quote:

Originally Posted by TN. TRUCKERS WIFE Greyfoxx, will these people not turn around and buy the futures in the new products that hit the market?

Hey .....these people know long before John Q Public ever hears of something new that can change the way we live, that's why the rich stay rich and the working slob gets the dirty job of making the product ...... and the working class thanks Congressional Lap-Dogs for "Producing new jobs". Just think for a moment what their doing in the Space Lab high over our heads with our tax money. Their creating all the new drugs that the drug pushers will make billions off of, and you and I are paying for it. It isn't that the rich are any smarter than you or I, it just that they go to the best schools to learn how to stay on the inside track.

I don't have a problem with the rich getting richer, it their attitude that changes when they reach super rich, I've known some of the "Filthy Rich" over the years. I worked for one on Maui for four years managing a stable for her rich friends. This women was the at the time the twelfth riches women on the planet. She once told me that her father breed people like other people breed horses. This is what pisses me off when I see anyone being screwed by "those in the know", the chess masters. This is why this fight for me isn't all about the truckers. To me this is about our country, our freedoms that for so many years we have let slide away piece by piece. And it's our own damned fault. We have to learn to stand up to the bastards, we have to be ready to die for our belief that made us free. We have to stop elected the same slim-bags over and over again ...... its long past time for a change, we need to do a 180 and get back to where our founding fathers hope we would be by now.

To get back to your question about futures. Water will become the new power source, and you can bet that it will become a commodity, and it will be sold, and the rich will make trillions from it. And you can bet the EXXON will be looking for ways to profit from it. Hell the Dutch and Germans are already buying our water rights right out form under us. Globalization is here to stay, and we haven't seen anything yet. We've got a long way to go before the meek inherit the earth, and it will take a lot more pain to raise the courage just to start hanging people like Dickey Cheney and others for treason.

Documentary filmmakers Alan Snitow and Deborah Kaufman recently teamed up with author Michael Fox to write "Thirst: Fighting the Corporate Theft of Our Water". The three followed water privatization battles across the United States -- from California to Massachusetts and from Georgia to Wisconsin, documenting the rise of public opposition to corporate control of water resources.

Privatization of our water has been pushed aggressively at the federal level for decades, but especially so in the last six years or so. "There is a kind of fire sale of everything in the public sector right now," said Alan Snitow. Water is the line in the sand, when your water is actually a profit mechanism, people really react negatively to that.

So the rich educate their children at Harverd and Yale, and the working class get a working man's education. The Frence learned the best way to deal with the filthy rich was to just lobbed their head off when they had had enough of their crap. Americans just keep making it easier for them to make more money off the backs of the workig class.

We screwed as long as we stand by and just let it happen.

Liberty and Justice for all!

[SilverSurfer]

Greyfoxx...I'm not correcting, only supporting your statement. Water is H20 - 2 parts hydrogen, 1 part oxygen...and the technology is called HHO energy. It's been around for many years. It's one of the technologies big oil has been suppressing. The motor that runs on compressed air actually exists. There's an inventor here in the states that has a working prototype. It actually works on a combination of compressed air and vacumm. My bro has been working very hard the past three months trying to generate funding to bring this technology to Americans. This inventor has actually developed a conversion type of component which can be added on to existing motors, from what I understand. When action begins to happen, I'll keep ya posted.

-ss-

[lunachic]

Quote:

Originally Posted by SilverSurfer Greyfoxx...I'm not correcting, only supporting your statement. Water is H20 - 2 parts hydrogen, 1 part oxygen...and the technology is called HHO energy. It's been around for many years. It's one of the technologies big oil has been suppressing. The motor that runs on compressed air actually exists. There's an inventor here in the states that has a working prototype. It actually works on a combination of compressed air and vacumm. My bro has been working very hard the past three months trying to generate funding to bring this technology to Americans. This inventor has actually developed a conversion type of component which can be added on to existing motors, from what I understand. When action begins to happen, I'll keep ya posted. -ss-

What kind of motor's would this work with?

[IIronman]

Quote:

Originally Posted by lunachic What kind of motor's would this work with?

There are quite a few..you can go to youtube and type in search "Aircars"