exxon is selling off ALL of its company owned gas stations. they are getting out of the retail gas bussiness.
they know.
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proof other then theonion.
shadowrelm wrote:
exxon is selling off ALL of its company owned gas stations. they are getting out of the retail gas bussiness.
they know.
they know.
No. They know something that I seem to recall talking about like 4 months ago in a thread about gas prices and electric cars (yeah. that one!).
The big money is in exploring, drilling, shipping, and refining oil. The retail end of the market is more headache then it's worth. So they're getting out of that side of the business. Um... The Exxon name will still be branded and franchised for gas station use (so the average person wont see any difference). They just wont be owned by Exxon or a direct subsidiary.
This could also indicate some move within the industry that they felt required them to get out of the end sale side in order to avoid possible anti-trust issues. Happens all the time. Heck. Sometimes companies will put out press releases and/or rumors that they're going to divest themselves of some portion of the industry just to prevent someone else from spending the time/money sueing them.
In any case. The move almost certainly has *nothing* to do with electric cars. If they really thought electric cars would replace gas powered ones, wouldn't then get out of the oil business and not just the gas station side?
King Nobby wrote:
More words please
No. They know something that I seem to recall talking about like 4 months ago in a thread about gas prices and electric cars (yeah. that one!).
The big money is in exploring, drilling, shipping, and refining oil. The retail end of the market is more headache then it's worth. So they're getting out of that side of the business. Um... The Exxon name will still be branded and franchised for gas station use (so the average person wont see any difference). They just wont be owned by Exxon or a direct subsidiary.
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ironically, thats about the same time japan brought their hydrogen fuel cell/electric car to this country to lease in california, dc, and new york.
coincidence? as much of one as martha stuert selling her stock in such a timely manner.......
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In any case. The move almost certainly has *nothing* to do with electric cars. If they really thought electric cars would replace gas powered ones, wouldn't then get out of the oil business and not just the gas station side?
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air craft, shipping, power companies, all types of plastics, tires, rubber, um, nope, no reason to get out of the oil industry, just the gas station bussiness.
Edited, Jun 13th 2008 11:44pm by shadowrelm
The big money is in exploring, drilling, shipping, and refining oil. The retail end of the market is more headache then it's worth. So they're getting out of that side of the business. Um... The Exxon name will still be branded and franchised for gas station use (so the average person wont see any difference). They just wont be owned by Exxon or a direct subsidiary.
-----------------------------------------------------------
ironically, thats about the same time japan brought their hydrogen fuel cell/electric car to this country to lease in california, dc, and new york.
coincidence? as much of one as martha stuert selling her stock in such a timely manner.......
------------------------------------------------
In any case. The move almost certainly has *nothing* to do with electric cars. If they really thought electric cars would replace gas powered ones, wouldn't then get out of the oil business and not just the gas station side?
---------------------------------------------------------
air craft, shipping, power companies, all types of plastics, tires, rubber, um, nope, no reason to get out of the oil industry, just the gas station bussiness.
Edited, Jun 13th 2008 11:44pm by shadowrelm
The big money is in exploring, drilling, shipping, and refining oil. The retail end of the market is more headache then it's worth. So they're getting out of that side of the business.
Haha, you're so slow. It's not that. It's that they can't move the gas stations to an offshore holding company to shield them from taxes or regulation.
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To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a *****. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? Gay. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.
True. I heard it on NPR this morning. They'll retain a stake in them, but they'll all be privately owned. There's a larger margin on a cup of coffee these days.
Atomicflea wrote:
True. I heard it on NPR this morning. They'll retain a stake in them, but they'll all be privately owned. There's a larger margin on a cup of coffee these days.
Yup. Basically what every single analysis on every news source has said.
But I suppose it *could* be to make it easier to shuffle funds to an offshore account or something. Cause see. Oil companies don't have any large physical (slow moving) objects that hang around in government controlled areas with massive value that could be seized or anything... ;)
King Nobby wrote:
More words please
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