HIGH GAS PRICES CUT INTO OIL INDUSTRY PROFITS, NEW PHOENIX CENTER ANALYSIS SHOWS

The Phoenix Center ^ | August 29, 2006

[cotton1706]

No kidding. That's basic economics.

[ClearCase_guy]

The analysis found that for every 10% increase in gasoline prices, the profits of these firms decrease 1.8%.

Saaaaaaaay, for every 10% increase in gasoline prices, how is government revenue affected?

Who's gouging the public?

[rellimpank]

---on this subject--
http://www.freerepublic.com/focus/f-news/1691336/posts

[radar101]

DUH!

[radar101]

DUH!

[radar101]

DUH!

[rellimpank]

---on this subject--
http://www.freerepublic.com/focus/f-news/1691336/posts

[radar101]

Sorry--This just sat on my computer after I hit post. When it posted it was there three times. Moderator/Administrator, please remove duplicates.

[GeorgefromGeorgia]

Bill O'Rielly will not believe this. He had made the oil companies his giant whipping post.

[PDR]

but isn't it nice to have a data-driven study to point to in order to back up what everybody all ready ought to know?

[mysterio]

Cool. Let's drop the price back down to 1999 levels so the oil companies can make a better profit. Everybody wins!

[tophat9000]

Seem logical in that most oil company are really the middle man.. most of the worlds raw crude is really is controlled by government's

If the cost of raw crude goes up then gas goes up and the consumer buy's less, that's means ever one in the middle makes less... the only one that would make more on the higher price would be the ones controlling the raw crude (OPEC, etc)

[Toby06]

BO'R is an idiot.

[kylaka]

That's basic economics

Maybe so, but your average public school graduate never quite mastered basic english or basic math. To them, it might as well be rocket science.

[thackney]

Moderator/Administrator, please remove duplicates.

The Admin Moderator does not read every post on Free Republic looking for his/her name. Hit "report abuse" and click on "sign my name" for a quick response. Otherwise, just ignore it.

[bicyclerepair]

My car is used strictly for work transportation. I take my bicycle to the store if necessary.

I also have an electric bicycle for longer distances. After summer in S. FL, the rest of the year is ripe for cycling.

[randita]

Bill O'Rielly will not believe this. He had made the oil companies his giant whipping post.

I personally know people who would not believe this, even if the evidence was beyond reproach.

It's just like the people who believe every climactic event, whether severe heat or severe cold, or drought or flood, is the result of man-made global warming.

[jbp1]

The article should say '.....cuts into profit MARGIN....'

they pass more $$ through the cash register, they make more $$. LOTS more. If the 1.8 percent is the reduction off of the profit at a normalized value, then it isn't much.

I suppose if your boss said 'I will raise your salary 10%, but you probably don't want it because your income tax will go up from 25% to 27%', that you would say 'right, don't give me that raise'?

DUH

[PDR]

just read the study.