[Gondring]

There is no moral difference between the bastards jacking up gas prices on inventory already purchased and the bastards looting in the streets of New Orleans.

Yeah, some people even sell their HOUSE for more than they paid! Can you believe such immoral folks? They should sell it for what they paid, not replacement (market) cost!

[My2Cents]

Oil profits have tripled since 2002.

Exxon Mobil profits rose 32 percent in the second four months of 2005. That amounts to $7.6 billion for a company that is debt-free with $25 billion on hand.

British Petroleum profits are up 38 percent, $6.7 billion.

For Conoco Phillips, the numbers are 56 percent and $3 billion.

I don't think the oil companies or their downstream refiners are suffering.

[stocksthatgoup]

There is no moral difference between the bastards jacking up gas prices on inventory already purchased and the bastards looting in the streets of New Orleans.

Actually gas prices are set on a LIFO basis. In other words prices are set on a replacement cost basis and because of the high turnover of station inventory no wholesaler, refiner or retailer profits from big swings in prices unless they are playing the futures markets.