Profit Soars at Exxon Mobil As Gas Increase At The Pump, Long Beach

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It’s hard to fall for these oil companies PR pitches that they are doing their best to lower prices when they rake in billions in profit.  Exxon Mobil Corp., unashamedly said their second-quarter profit rose 32 percent.  The reason was Asia and North America used more crude oil and gasoline.  Wish my business could post profits like that.  No word on price at the pump rising influencing this outcome.

The company had revenues climbing last quarter to 25 percent, to $88.57 billion is not shabby.  With a doubling of oil prices since 2003, the company will even surpass Wal-Mart Stores Inc..  I am happy to see a company do well, what I’d like to see is having that company use my hard earned money to finding cheaper and more environment friendly energy systems.  And please, not in 30 years.

With profit from worldwide oil and natural gas exploration and production operations increasing to 28 percent, production decreased by 4.3 percent.  Hum, interesting point.

And still, Congress will pass $2.6 billion in subsidies in the energy bill.  Well, what about my subsidies?  The subsidies were part of an oil industry "wish list," according to David Hamilton of the Sierra Club’s energy programs director, designed to encourage domestic oil and gas production.  OK, where can I send my "wish list" which I assume will be pretty close to many, many people’s wish lists?

Exxon wasn’t the only jovial party at Wall Street, Royal Dutch Shell PLC, the third-largest publicly traded oil company, said their profit rose 34 percent and BP PLC, the second-largest,  said profit rose 29 percent.  In the US, ConocoPhillips, the third-largest, said profit rose 51 percent and Chevron Corp..

I think I’m in the wrong business.  Oh, no wait!  I am in the business of helping.

 Here is the more indepth Washington Post article.

Apple Battery Recall and Real Estate, Long Beach

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I’m an Apple fan, that’s no news but when Apple does a good business sense thing, I even more happier being a client.

We have heard from months now about how many Dell batteries have gone up in flame and how Dell turned a deaf ear on it.  Finally after 4.8 million Dell is swallowing the pill and recalling.  If you listen to the news, the same thing happened to Apple.  But that is typical sensationalism on the part of the media.  What actually happened is after 9 people called in to complained, Apple decided to recall 1.8 million laptop batteries.  One of which being mine (no I didn’t call to complain).  The nice thing bout this story is my laptop is two and a half year old. Would I have had a regular PC, I would have had to argue to get it replaced.  That’s the treatment you get when you buy quality at an affordable price.

How does this relate to real estate?  Well, For Sale By Owners, according to statistics do well in a red hot market but rarely do well in a market like ours.  Why is that?  Simply because when the market is hot and everyone is over bidding, sellers can risk the chance of selling and keeping some of th proceedings they would have normally to have a professional spend on marketing.  However, in a tougher market where buyers are pickier than ever, For Sale By Owners are ill-equipped to defend themselves against picky buyers.  That’s when real estate professionals come in at a premium.