Some relief appearing at the pump

Houston Chronicle ^ | Aug. 18, 2006, 11:25PM | DAVID S. ROSEN

[muslims=borg]

Here is the article.

http://www.bloomberg.com/apps/news?pid=20601039&sid=acUzduABKCDo&refer=columnist_pauly

[thackney]

At $75, the oil company makes $25 profit.

No company is making 33% profit. What they are doing is reinvesting income into the business. Just like operation and maintenance, capital expenditures are a necessary business expense. More drilling, more production, reducing bottlenecks, buying leases, buying companies with reserves, buying back stock, etc. Oil fields all decline production without continued reinvestment. The price will fall and lean times will come. Those that don't invest in their companies today will not survive those times. This is not the first or the last time of cycle.

[Recovering_Democrat]

Gas prices are going down in South Florida...
AND the LameStream local media ignores the story...But let it raise three cents over a two week period, and all you'll hear about is the "pain" people are feeling!