Posted on 08/17/2005 2:09:32 PM PDT by WmShirerAdmirer
Newspaper here says consumers are "as mad as Hell" about gas prices (went up to $2.72 yesterday at Shell station) but paper doesn't say, that they're not going to take it anymore.
What's your view out there?
Gas prices are up on SPECULATION - not supply and demand. Duh.
Nothing to see here....Move along.
Praise Jesus!
Somebody besides me gets it!
Hallelujah! Amen!
I can see Mobil/Exxon's REVENUES going up due to the increasing price of oil. But if their profits are going up too, it simply means that more than just the extra price of oil is being passed onto the consumer.
Some people can't figure out that the oil companies make a percentage of profit from a gallon of gas. 10% of $2.50 a gallon is a whole lot more than 10% of $.99, and they haven't changed a thing. People whining about the big oil companies making all this money don't even realize they haven't changed a single number since this whole run-up started unless to account for inflation of supplies.
I agree completely and would add that the speculators are the big oil companies themselves.
If a democrat could credibly run on a defend the borders platform along with a Teddy Roosevelt "bust the monopolies" strategy against Big Oil, you would see a landslide. A republican couldn't do this because the oil money would propel a primary opponent to the nomination.
Clue me in here. If the speculators are wrong than they lose money when the contract is called? Where is all of this extra money going now that we are paying?
They're a huge outsource/offshore company as well. Nasty business.
Free enterprise at work. A company making a profit providing goods and services that customers want. But I expect the RINOS to weigh in shortly.
It was during the clinton admin that the disaster happened.. Too many consolidations in oil companies. I bet a lot of the increases are directly from the oligarchy situation that exists now.
EXXON? Isn't that the co. that puts a Tiger in your tank?
Good question.
My only answer to that is, it's going out of my pocket and into someone elses.
You accuse EXXON of gouging. Your proof is......?
By definition, any major petroleum company have major offshore operations--in many cases, quite literally! For example, BP (formerly British Petroleum) owns ARCO and has huge investments in oilfields in Alaska and the Gulf of Mexico--and BP is one of the "smaller" petroleum multinationals compared to bigger ones like Exxon Mobil, Royal Dutch Shell, Chevron, TotalFinaElf, etc.
Exactly. Without evidence of collusion with other gas companies this should a non-story, but it makes excellent fodder for demagogues.
No, I mean office operations and IT. Accounting, everything. Very little is done now in the USA there.
How can that be? I thought the oil companies were in bed with Bush/Cheney. Isn't that what the DUmmies keep telling us?
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