Comments on: Exxon and Shell Earnings Shatter Records at $11.6 Billion Each in 2Q 2008

By: GM Reports $15.5 Billion in Losses for Second Quarter 2008

GM Reports $15.5 Billion in Losses for Second Quarter 2008 — Sun, 03 Aug 2008 21:57:32 +0000

[...] effect of rising oil prices and reported a $15.5 billion loss for the same period. As big oil company profits soar, auto manufacturers and consumers are feeling the pinch – and then [...]

By: Scott

Scott — Sun, 03 Aug 2008 16:03:25 +0000

Yet one more example of consumers needing to understand their power and use that power for change. These changes don’t need to be large to have an impact on the industry or economy.

By: Andrew

Andrew — Fri, 01 Aug 2008 13:00:03 +0000

As much as I am disappointed by this I know that nothing will change unless individuals take it upon themselves to change the market place. When people found out plastic bottles (like Nalgene) were causing illness they stopped buying them and the industry changed immediately. Now is the time for people to do the same thing to the gasoline industry.

By: Paul Monaco

Paul Monaco — Fri, 01 Aug 2008 12:09:28 +0000

Since when is a companies fantastic performance a bad thing? May we all have such fortune! Yea I hate to pay at the pump as much as anyone else, but that just forces me to be more profitable to compesate. If we start seeing big oil fold without an alternative in place, that’s when I’ll worry.

By: BIG Kahuna

BIG Kahuna — Thu, 31 Jul 2008 18:12:59 +0000

I say good for them. They don’t set the market. There are many factors that go into the price of oil/gas including future trading.