What Oil Execs Don’t Want You to Know
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- เผยแพร่เมื่อ 2 ต.ค. 2024
- Marathon Petroleum workers are on strike for the first time in 30 years. The company brought in scabs, who they pay 2x what regular workers get.The scabs aren't qualified to operate the refinery - and a safety issue could cause an explosion in the middle of Detroit.
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Billionaires fighting tooth and nail to not give up 0.01% of their profits.
Goes beyond Greed
This is Pure Evil.
I had to tell my 21 year old manager (I’m almost 28 for reference) that these suits, and in extension their shareholders, do not care. A profit is a profit. Be it .5% or even 30%. They do not care. He tried to argue against it, so I just finalized the conversation with, “Once you get older, you’ll understand that a profit is a profit.”
@@DeenanTheKemon1 that's why if you're not rich, you shouldn't respect or care for the usa. It's a country only for the rich, let the rich fight for it and respect it.
"The less fortunate must suffer so the wealthy may flourish."
-The tenets of capitalism.
That's capitalism, baby!
That is the USA... it ceased being a democracy with Ronald Reagan and instead became a kleptocracy, now rapidly approaching oligarchy.
And if the tantrum tosser felon gets back in office will only get there all the more quickly, likely resulting in a repeat of 1861.
Which, of course, is just what the felon wants.... so he can become the dictator he wanted to become the first time.
The mainstream media has not been covering any of these strikes. Thank you for bringing attention to this issue.
It's by design. Don't forget the media is actually owned by billionaire and corporations
Well of course they haven't, that might encourage others to go on strike and our corporate overlords can't have THAT now, can they?
The corporate fascist M$M has done far worse than ignoring these strikes, they've been regurgitating the lies and propaganda of the c-suite psychopaths for decades.
Well yes they did ,CBS ,ABC ,NBC is covering this little by little. Capitalism is trying to fit in unions where America finds easier ways to start your own business and is making headways. Robots are starting to take over the workforce a little bit more but not all the way, Making the unions stronger.
According to them ignorance is bliss
If they can offord to pay scabs double the regular wages then they can afford to pay their workers livable wages.
They do get paid livable wages. Look how fat they are. This is just about employee greed
@@SgtJoeSmithyou’re most recent video is about you going to McDonalds and you’re morbidly obese. The jokes write themselves. Please stop listening to the lies being fed to you by corporations and do some research. Your own depression and addictions are due to circumstances of greed that control our world.
That’s what’s happening at Boeing right now. There’s job opening currently for $50-60/hr. Not double but close to it of current workers who’s on strike. There’s a special place in hell for scabs.
@@SgtJoeSmith please look in the mirror. Your most recent video is about your trip to McDonalds. Corporate greed is the cause of the issues in your life as well. Keep yourself educated and do your own research.
@@SgtJoeSmithlol. You’re an idiot, but you already know that and are just here to troll
Paying the scabs 2x really gives their game away. It’s not about the money for management, just about subjugating the workers and getting away with it, laughing all the way to the bank.
Absolutely. The company's management is literally insulting the workers with this move, and want the entire world know it. They are lacking in moral character.
Subjugate the workers by paying someone else 2x what they are making?
Makes zero sense. Something else is going on here. i would like to hear the demands that are in that contract that caused the corporate suits that only care about money, to give away MORE to prove a point.
Late stage capitalism
Yep, we are transitioning to Techno feudalism.
Early stage socialism.
@@user-zu5do6ri6r Lsgooooo 💪🏻
@@user-zu5do6ri6r actually it's leading to communism.
No. Intelligent people can repair the damage.
We make the products that these corporations turn around and price gouge us for, gotta love capitalism
Greed is not the desire for more, it's the desire for more at the expense of others.
that is Power as the gap between the Have's & have Not's widens.
I'm attempting to unionize my workplace, and it is such a challenge to motivate people to do anything to help themselves. I so deeply respect these individuals who see the corporate greed for what it is and are willing to go through hardship to push back against it
You can’t get rich by demand- Jim Rohn! One must set a better sail!!! They what we have been doing
Good luck to all those men and women fighting for justice. Don’t give up the good fight. It’s time for the people doing the work to get paid a just wage.
Sounds like a typical nurse/carer working pattern. Health industry in on this too
that's what I was thinking
To be fair, we in the medical field either workday shift or work night, we don’t usually swap back and forth. In the Refinery they swap every other week from dayshift to night shift. But every job is different I’m sure
“This country has socialism for the rich, rugged individualism for the poor." -Martin Luther King, Jr.
Still as true as ever today.
I’m a retired Union electrician and a picket line was sacrosanct Nobody would consider crossing it. Watching all the trucks driving through is frustrating and disheartening. Solidarity is is waning and the Fat Cats are smirking in the background. Come on Brothers realize you will be next.
Aren't the Marathon truck drivers teamsters too? Seems like their own trucks are driving through the picket lines.
@theodoreskaff1209 Excellent point. It looks like union workers vs union workers.
Good point. They got them acting like crabs in a barrel.
Sympathy strikes are illegal in the United States.
Without these hard-working people, CEOs wouldn't have their wealth! Pay these people what they're worth!!!
Why don't you pay the union workers as well as you pay the scabs? What a disgusting display of disrespect to workers!
GIVE THE PEOPLE A LIVABLE WAGE!!!!! SHAME ON YOU BIG OIL
Capital owners don't feel shame
It’s not just big oil that is doing their workers dirty, it’s all corporations!
The union leader gets paid 800,000 and the average wage is over 80k
shame doesn't matter to them. at all. stop expecting corporations to act with morals. morality is human. corporations are not.
they either need to be forced to act morally, or it will not.
@@louisianahighball4705 The CEO gets paid $24,000,000 and the average executive wage is over $238k, and they do nothing to help but rather are actively hostile towards union members, so what is your point?
Won't matter what the average wage is when all the jobs are outsourced to contractors.
Not sure where you got $800k, the highest figure I saw for the teamsters president was ~$400k total compensation. With 1 million members that means he directly costs each member about $0.50 a year - don't spend that all in one place, bootboy. Union officers cost less than 2% of dues collected. Not a bad deal when it means way more money in your pocket and way more time home with your family.
$9.7 BILLION DOLLARS IN PROFIT. THAT'S WHY THE GAS PRICES ARE WHERE IT IS AT NOW. GREED
When I hear $35billion in buy backs I automatically add that to the profits. $44.7 billion in profits.
2.45 a gallon sure.
@wally3155 where on earth are you getting gas for $2.45 a gallon??? I know it's hard to think about anyone other than yourself, but not everyone lives wherever you're getting gas that cheap.
Gas prices are not determined by the company refining the oil@@Kolazola
Trickle down 😂 what a joke
ie. tablescraps
@@darkwyzard More like a golden shower. That is to say, piss.
I wonder if Reagan knew what he was doing, or if it was just complete incompetence.
@@ThoriumBoriumhe knew. He had to.
@@ThoriumBoriumthey knew exactly that it was all BS and came up with a catchy name to fool people. It wasn’t a macroeconomic theory that existed previously. Simply a scheme to lower the higher income tax brackets.
Reagan was previously an actor and they would typically only do two movies a year. Because if they did more most of the money(90%) would be taken in taxes as they hit the maximum marginal tax rate. So they stopped working at two movies.
The trickle down farce is well documented and interesting history. Reagan wasn’t the naive politician he let on. Lots of super shady deals including a deal to keep American hostages in Iran until after he was in office, undermining the Carter administration’s efforts.
at what point should we stop caliing it capitalism and change it to feudalism.
It is feudalism. People don't like the truth. It breaks their delusion.
No more "isms" Free Enterprise that is not a system that can be controlled by a small elite because its free.
When Kamala puts in price controls so that corporations are government run
Same thing
Never because the underlying economic base is still wage labor and the private ownership of the means of production. While we have now reinvented a lot of the horrors of the feudal age we are still capitalist and we will only start changing for the better when we move past this economic model like we moved past feudalism.
CEO to worker income ratio 🇺🇸:
1965 : 20.4
1975 : 26.6
1985 : 50.5
1995 : 118.8
2005 : 318.4
2015 : 318.8
2021 : 389
If you want to do a story on corruption at the Florida Department of Health I'm willing to be a source. Thank you.
THIS!
There’s a special place in hell for scabs. Boeing is currently hiring scabs right now offering $50-60 /hr. Well over current workers.
Here’s an idea for an Undercover Bosses sequel:
Force the CEO, the executive board, and major shareholders to work on the floor and have the average workers as the board, CEO, etc. in the cozy offices for about a year and have the workers treat them like the CEO, board, etc. when they’re in power.
This will be one of the best tv series in history.
Union strong.
we need to end Shareholder Primacy (Ford V. Chevrolet, 1919) as a legal doctrine! it leads DIRECTLY to disparities like this! 😡
Exactly
Hell no! I'm a share holder. Get back to work!
This is so sad.
C-suite salaries magically rise exponentially.
Rank and file employees, on the other hand, would be lucky to even get a cost of living increase. 😳
We call it meritocracy or winner takes it all system. This is what America wants, right?
When they said they hired scabs, I got so mad, and then it got worse because those scabs aren’t trained to use the machines, so it could be potentially dangerous. This is how capitalism functions and it’s terrible.
These “scabs” run laps around these pampered boomer fossils. They get double pay right out the gate because the teamsters fuckin suck 😂😂😂
IAM 751 member. Labor cost is 5% of Boeing's cost to build a 737 and their first offer to the union took away benefits we already have to claim they were offering us a raise. In reality, over the life of the contract, we would lose 2% per year. The media refuses to report on the math of their offer, calling it "a historic offer." Stay strong, Teamsters!
Boeing's debt is 6x its EBITDA. You're negotiating over nothing - a sinking ship.
@@JohnB-nq4js It'll get propped up harder by the government, can't imagine any recent or potential administration letting that manufacturing expertise evaporate in this political climate. God bless the union, take management for all they're worth!
@@Greenitthe man, you don't get it at all. But sure, fuck over the taxpayers. Typical.
@JohnB-nq4js it's all smoke and mirrors. The ratio you refer to is that way through stock buybacks. If you look at their last 5 years, their debt amount follows their buyback, almost dollar for dollar. (We) Boeing already knew they would have to make an equity move this year or take a credit rating hit. They had to do this strike or not. The strike is irrelevant to the stats you quote. Boeing already knows what they are going to pay to end the strike. It's just going to be their last offer, plus a signing bonus increase that, in reality, is just what they would have paid us if we didn't go on strike. Maybe a bump based on what they clawed back by furloughing the salaried. That's my prediction.
@@JohnB-nq4js You'd rather fuck over the workers? Typical
Companies need to stop putting profits first
Let us all get one thing straight about these corporations "shareholders": A huge portion of the stock is held by the same people that run the company.
These "shareholders" are the VPs and directors with a vast majority of the rest held by mutual funds and private equity firms run by people on the board of directors (and the boards of other similar corporations -- seriously that is how it works)
....and what is more their directors and VPs of the company are paid a VAST majority of their wages (and for the members of the board it is 100% of their wages) in company stock for which they pay ZERO income tax thanks to the (GOP led) 100% capital gains tax exception.
The fossil fuel industry is gifted tens of billions in subsidies annually, in the USA alone. It's a global problem, but that's our slice of the pie.
This is given to one of the most profitable industries in history. And it's not free, it is at taxpayer expense. How many taxpayers are even aware of this hidden tax? In most years, it is more than the entire budget for NASA. Yet, nobody ever talks about it. Exactly how much is it, why do they deserve, when will it end, why not subsidize renewable energy producers as well?
Food for thought, More Perfect Union.
darn they do be living in communist utopia huh
Now I actually support the free market and capitalism, but you have touched on the crux of the real issue - CRONY capitalism. There should be no such thing as "too big to fail" and then have taxpayer money to prop thosse comp aies up. If my company takes unwise risks, no one is coming to bail me out (nor would that be the right idea...) We already live under fascism, when they nationalized General Motors, or the government decides which electric vehicles manufacturers to prop up. Crony capitalism is also why the Congress members are richer than snot from insider trading and the SEC is like the fox watching the hen house.
I hate when people complain about capitalism, but they fail to make the distinction you have here. Government needs to get out of the markets and go back to its original purpose: securing our borders and protecting us from foreign and domestic enemies. Maybe if the Whiskey Rebellion had been more successful, we wouldn't be here now (lol).
@@WhiteytheLab imagine if America get their own Milei am I right
@@ZZWWYZ Argentina has gone rogue (lol). Yeah, Ron Paul was robbed in the primaries. ask the folks in Maine. But yeah, we need a 21st century Daniel Morgan again ;-) I actually like Milei...
Renewables get much more subsidies than fossil fuels companies. Most of fossil fuels subsidies are the same tax write off that all companies get
While I don’t like unions, I don’t like corporate greed even more
Great comment. My view exactly.
Explain exactly what you don't like about unions. Have you ever belonged to one?
@@stephenbanks5860 Exactly WHY?
I support the strikers 100% . I live near there . God be with the Teamsters !!
Absolutely!! 💯%
The distance from family because of work is so real
Praying for these Union brothers and sisters 🙏
It’s not capitalism, it’s crony capitalism that’s the problem
All forms of capitalism eventually evolve into crony capitalism given enough time
Workers of the World Unite!
Who even bought the "because of inflation" crap?
So many people, it has been shocking to me that people eat that narrative up... The same people that would say to these folks, "well just get a better job then" which is just so short sighted and cruel.
Could you do a video on the dockworkers strike?
I'll field a bet that they're already working on it.
I second this
i always love this quote from an old hong kong movie in the life of hong kong gangs (not real, just movie about them). The underling says, "can't wait till we're successful and you drive a benz.". Boss says "no we're not successful till we all driving benz's".
honestly, boss should make more money, but if they got private jets and your workers got a 1990 civic, somethings wrong.
Capitalism existing is going too far. 🥴🥴
Thank you for covering this! Crazy that this isn't being covered by the mainstream news
Not only are they working 12-hour swing shifts, but they are also exposed to carcinogenic chemicals through the air in their working environment. They deserve a fair pay raise.
Work somewhere else then. Tons of trades to get into that pay more with better hours.
@wally3155 No matter where you personally work, there will still be someone who has to work *this* job, and they should be compensated appropriately.
Good for all of you. Stand up for your rights as workers. Unifor member.
Please discuss corruption in the political world, we have to get people to understand why the government is broken. Get money out of politics!
Absolutely, corporate greed is in every art of our daily lives.
Thank you More Perfect Union for bringjng the Refinery Workers strike. The refinery spends a milliin to save a dime, how pathetic. Pay your refinery worker.
Why do we continue to see that the wealth funnels to the top and the people doing the work getting as little as possible? Greedy people are going from bad to worse. Soon this system of things will be removed and replaced with a government that will benefit all people - 2 Timothy 3:1,13 and Daniel 2:44
Then an accident happens and suddenly they stop using contractors.
Wait why didn’t they put this on the news too
News is paid for by corporate sponsors. NPR is beholden to certain forces and interests as well
Bc most refinery workers, even operators make 100k plus, much more than what other striking jobs make.
@wally3155 they could make that much after working countless hours of volunteered or *forced* overtime. Some work 7 days of straight 12 hour shifts to make that much. Salary workers don't even need to come in for their 40-hours a week to make more than that.
rise up my fellow workers. this isnt capitalism gone too far, this is capitalism. control the means of production while you the iron is hot.
Great coverage of this. Thank you so much God bless them in their fight for proper labor fairness💯💪🙏✌️
Big oil greedy? I'm glad I was sitting down for the revelation.
Proletariat of America UNITE!!
This is what consolidation has gotten us. Less choice, low wages and a lower standard of living. Thank your government for this to continue to happen
Government is doing the consolidating? Seriously your comment is all over the place. Corporations are horrible, it's the governments fault?
@@someonenotnoone Government has allowed rampant consolidation and only very extremely recently have they started flexing anti-trust a bit more. Yes, it's the government's fault. It's also the fault of greedy corporations, both things can be true, but who is seriously expecting the corpos to self-regulate?
This is happening EVERYWHERE even at my factory they gave one guy 6M to stay 6 more months but they cannot give us our $250-750 (but never 750) profit sharing because they punch in numbers we can't reach. Meanwhile the managers have gotten all their bonuses, they're happy. The workers are not.
You guys are awesome!!! Thank you for what you do!
Its not that they dont want to pay, they just dont want to pay YOU.
The deal is off! It used to be that companies took care of their labor force with enough pay and benefits that they could live a comfortable but not extravagant life: own a house, own a car, put food on the table, take a vacation once a year with their family. They would look to keep their workers and provide them with a decent pension upon retirement as a well-deserved and well-earned "thank you" for literal DECADES of service.
Now? The only thing that matters is the bottom line, and ironically they are making LESS money and producing WORSE products than if they just took care of the workforce that they have.
There is a adage that described that mentality: "penny-wise but pound-foolish".
Should be maximum 8 hour shifts 5 days a week so 35 hours based on current pay plus demands.
It is not just about workers but families and communities where pollution and accidents happen.
There are unacceptable levels of pipeline explosions, fires, train derailment and many other accidents.
Workers will get more support if they engage with communities that are harmed by excessive hours and dangerous conditions.
Both workers and communities are key pillars of support for the industry.
Rotating shifts are very bad for people’s health. Demand a seat on the board like in Europe.
My wife works 6 days a week with zero vacation days and maybe a weeks worth of sick time that has to be earned. It's disgraceful how we have devolved into a slave society.
Aaahhhh this is awesome!!! I hope they get what they deserve/earn!!! Thank you for fighting for your and other workers rights!
Great reporting. As horrible as that is why isn't there more attention to this problem, as well those like it? It seems exactly like the news so many believe is the most important.
STOP SUPPORTING FOSSIL FUELS. That goes for you MPU, you’re not above the rest of us. SHUT DOWN THIS REFINERY.
You do that you'll be starving. Those fuels literally fund everything from how your food is created to how it gets to a store. How you get to work, what you do, your power etc. Quit being a reeee dard
@@gharm9129 You can whine and snivel all you want. FOSSIL FUELS ARE GOING THE WAY OF THE DODO.
I have been studying refinery safety for years and have worked to make them safe. The politics of making refineries safe is complicated, and from what I learned, dangerous if you mess them.
What really makes my heart hurt for them is how painful it has to be to work those shifts and suffering both physically and relationships with family. Its disgusting to make them work like that and sacrifice living. And the government constantly raising retirement age. Omg PAY THEM!
If you look in the marathon Detroit parking lot, you will see all top of the line trucks. I work in a refinery, I know there isn’t a single operator making less than 100k. In fact several make 200k plus.
Marathon workers not only get excellent health care, but they get a pension , 401k, child care credits, more than the average American gets in their 9-5.
What needs to happen is marathon needs to publicly release their benefit statistics and watch how quickly the public will turn on them.
With oil prices falling and reduced demand expect marathon to stall for a long time.
Yes, the Midwest and Northeast will lose half their petroleum supplies over the next 5 years.
@@Wolfcamp555 indeed. Plus Americans (myself included) are fucking sick of driving and car dependency. We're finally seeing improvements which will reduce the need to own cars and drive which will not help the oil demand situation. Now if only we could electrify our rail networks.
@@maxstrong1999 because of the way the pipeline system is set and where the oil is produced, the reduction of petroleum supplies will be reduced regionally. Because oil is fungible, that means ALL petroleum products won't even be available in those regions. Not just fuel.
@@maxstrong1999 BIG OIL Texas has already made Climate change deals with the G7. It's getting exported along with 80% of your Natural Gas.
@@Wolfcamp555 I suppose so. I know refineries have been closing but I'm no oil expert.
The workers must be paid first!
G-d damn SCABS.
2 timothy 3 :But mark this: There will be terrible times in the last days. 2 People will be lovers of themselves, lovers of money, boastful, proud, abusive, disobedient to their parents, ungrateful, unholy, 3 without love, unforgiving, slanderous, without self-control, brutal, not lovers of the good, 4 treacherous, rash, conceited, lovers of pleasure rather than lovers of God- 5 having a form of godliness but denying its power. Have nothing to do with such people.
Wouldn’t it be easier for the company to settle with the union employees and give them what they’ve been demanding?
If you think America is such a great country, explain this rampant mistreatment of its workers. Executives aren't supposed to live like royalty in a democracy.
It's not capitalism that is killing our country, it is Croby Capitalism. Real capitalism is a imperfect thing that hurts and helps all of those that participate BUT crony capitalism is the connection between politicians and companies. In reality what killed real capitalism is the stock market, the shareholders expect a certain return and don't care about the workers who make it work.
Two main problems: legal bribery via lobbyists & PACs, and shareholder primacy - the american dream was sold to the highest bidder
My 22 year old son started a new job about 3 months ago. They are required to work 72 hours a week, with one day off. Three months straight so far. The BS that "kids don't want to work" is a load of crap. They want fair working conditions, period!!
In Australia young people in record numbers are taking second jobs, are skipping meals to make ends meet, and are drinking less alcohol than any previous generation. Yet the media keeps saying they don't work hard and spend their money frivolously.
We are the 10th richest country in the world per capita.
My generation was lazy compared to theirs... hate to hear them bad mouthed but know they are just one of the scapegoats to maintain the divisions in society.
The thing that weirds me out is that no one realizes that stock buybacks are making the company the shareholder. The more votes they have, the more they consolidate power, the more they're fiscally responsible to do everything in their power to produce wealth. This should not be legal.
Shame on you Marathon.
Maybe those teamsters can form a picket line outside the CEO's house and protest?
💯 WITH YOU DON'T UNDERSTAND WHAT COMPANY'S ARE DOING TO ALL OF US
I will never work earlier than 6AM. I will never work later than 11PM. I've seen what rotating and night shifts do to people. It is NOT worth the extra few coins per hour.
Union Strong!💪🇺🇸💙❤
thanks for the good reporting
Great video! Please keep making them!
Force them to pay the scabs double for as long as possible 😅
It does feel like the working class is starting to rise up……if you look through history that didn’t go so well for the upper echelons……it’s a vicious cycle and if people make a livable wage with safe work environments you wouldn’t hear much complaints outside of the normal stuff
Yup, I worked rotating and unpredictable shifts for 11 years. Absolutely detrimental to your health. My sleep cycle is imbalanced to this day.
We haven't had capitalism in decades. I wish we did.
Our whole society is based on something that’s dying
This is happening so close to where I live and I had no idea. Do these folks on strike have a solidarity/support fund I can donate to?
Good reporting.
This channel is awesome!
If unions don’t exist , just think about the French model where they burned the company to the ground and the owners did not live long after this happened. Unions are the peaceful solution to issues that can turn violent.
Yeah and that was a huge mistake and one of the worst thing that has ever happened in French history.
People have forgotten that unions were the nice way of getting things done
Stock buy backs should be considered an illegal monopoly
It’s the same or worse in “right to work” states. I support unions and collective bargaining.
Doctors and nurses shouldn’t be working 12-hour shifts either. The longer you’re on the job, the less attentive you become, increasing the potential for mistakes.
Add in that these companies have been shutting down refineries across the country to keep supply tight allowing them to keep prices high. It's the same as the rental markets, creating artificial supply constraints to make more money.
Bring back 90% tax rates, problem solved..... worked great in the 1950-1970
No it didn't cause even back then no one paid that much on average they paid around 30% but raise corporations tax they don't pay it you do when you buy their product which the will raise the cost of to cover the expense. People need to learn how taxes work if the rich paid there fair share they would pay less than they do now
@@kevinshaw7755 My brother in christ what are you even saying? The 50s and 60s are notably some of the best economic times in history for the average American and we're living through nigh-on gilded age levels of wealth inequality now. Only way to make america great again is to tax the rich like we used to in our glory days. Assuming you're talking about tax avoidance the effective tax rate on the 1% was still closer to 42%, not 30. It is well established, and frankly obvious, fact that money in the pockets of the poor stimulates the economy far more than in the pockets of the wealthy.
Are the scabs in the room with us right now
And Trump wants to stop overtime pay!
The people need to understand how these people think as for them it's better to beg for forgiveness than to do the right thing as that is their mindset.
I get pay/benefits but complaining about schedules wild. I work in a similar unionized industry and unusual scheduling just comes with the job in a 24/7/365 industry.