An Example on Why the Govt Should Stay Out of Oil Company Business

The numbers I'm about to use here may be slightly off but they are close and will relay the picture. Please do your research and don't quote me on any of these number.

What I'm about to show you is why the government should keep out of the oil company business and let the market see things through. I'm using Exxon as an example. Here we go.

Exxon has been under fire for their profit and which is earnings per share for shareholders. Exxon's 2007 numbers showed for every $2 they spent on capital expenditures, they spent $3 on buying back stocks. That means they put 50% more into manipulating their numbers than they did investing in their oil reserves and their future. Do you see what I'm saying yet? You have to trim that stuff out of their "profit" and earnings. It's not real earnings...by real earnings I mean it's not operating earnings. It's not coming from the "meat and potatoes" of there business. People want the government to step in and "correct" this problem. No, that won't work so shut-up you ignorant people. Let the market do its' thing. Exxon has already suffered from this and when compared to other oil companies who are investing in their future, will suffer even greater. Their stock prices will drop because the free market will read them like a book and the market will adjust their stocks down, Exxon won't like it, and they will correct themselves if they want to continue as a successful business. Exxon stock opened the 2008 year at $94...as of Jan. 22 it was down to $80 and now it's at roughly $85. Their analysts are busy at work right now talking with the big guys telling them what happened and why. The big wigs are wondering why they show an amazing earnings per share yet their stock is dropping. It's because they are showing essentially false earnings.

See, people need to chill out and let the market ride. It knows. The people who "run" the market are smart. This is why people should be PROPERLY educated on this subject because if they were, we wouldn't have all these ridiculous ideas being thrown into the mix on how to FORCE the market to do what we want it to do.