I am no fan of government getting involved in pricing but it seems like the petroleum industry could stand to see some regulation. Let’s face it, they have us over a barrel (pun intended)
What total BS!
What? Feeling shame about greed? Are you sure this is a business group talking? Greed is supposed to be one of the four food groups.
I really am not interested in Brit news....the British have made innumerable mistakes in every aspect of their doings...........no role mo9dels there.
If everyone would quit buying gas from ExxonMobile stations we could see how low we could drive the prices. If all of the Mobile stations quit pumping gas for a couple days they would be forced to drive their prices lower to “entice” people to come back to their stations.
BS!
All can see that they are shameless!
“Oil companies feel shame over prices”
But not shame enough to lower the f*king prices!
What a load of Sh#t!
Oil companies do not set the prices for oil any more than farmers set the prices for ag commodities.
We did not set the price we paid on the open market to buy that crude - we paid market price. The market price was heavily influenced by the traders on Wall Street - who didn't own refineries that had to be kept full of crude.
From the time the tanker of oil left a port in West Africa, ownership could change hands dozens, if not hundreds, of times. Sometimes a single company would own the same crude several times before it ended up in the hands of the refiner.
If you want to look for a villain, look to Wall Street, or to China and India, who's demand for oil has skyrocketed over the past decade.
China is building a pipeline across the who of Kazakhstan in order to get their hands on the oil that is and will be produced from the Caspian Sea.
Simple rule of economics: If you want the price of oil to fall, produce more of it (i.e., make supply greater than demand). If American is serious about the price of oil, they would begin drilling in ANWAR. Why is it okay to drill off the coast of California, but not off the coast of Florida?
Federal and state governments should be ashamed that they profit off of every gallon of fuel sold, even though they do nothing to produce and distribute it.
They probably expect us to feel grateful.
Energy independence now.
complete nonsense
With their percentage margin of profit they should raise prices.
Not to be rude, but most people have no idea how heavily regulated the oil industry is.
Just try to get permission to build a pipeline, or build a refinery, or drill a well. Just try.
For that matter, just try to get permission to build a power plant, or any kind of industrial facility whatever, but thats a story for another thread.
Make it impossible to drill and refine here, and by definition imported oil is the only kind you’re going to get. Most of the world’s oil is in the hands of government oil companies as it is. Nobody has a dial big enough to set that price. Private oil is the exception in this world, and not the rule.
Why should gas prices come down as long as the American public keeps paying the prices? If I sold widgets for $5 and raised my price to $7 and my customers kept buying just as many if not more at the higher price, should I lower my price back down to 5 bucks because I ought to be a good guy?
The public is moaning, bitching and screaming about how much a fill-up costs. Yet they keep on driving as much as they ever did, maybe even more with summer coming up. The oil/gas nabobs of this world just keep smiling and pocketing their profits without even giving a thought to lowering prices. Would you?
I've cut my driving down in half through careful planning. No more running to the stores every day. Now I plan my trips like I'm planning the Normandy invasion. My fuel cost is way down each month as a result.
It's difficult for those who have to drive to work every day.....however, planning and consolidating evening and weekend driving can cut costs more that one would think.
If folks stopped buying my widgets at $7, I'd drop the price back to $5 in a real hurry. Until those of us who have been used to hopping into the car for every little thing start using the little gray cells, don't expect fuel prices to drop. The high costs have little to do with anything else but demand......we have to look in our mirrors and just say "no".
Too many people have been spoiled for far too many decades (kids joy-riding, dad driving to the corner store for one pack of ciggies, etc.) and unless we slake our driving thirsts a little, we shouldn't complain too loudly about the price of a tank of gasoline. Discipline will lead to fewer fill-ups and less headaches.
Leni
Everyone living in McMansions (which they can’t afford) and driving SUV’s has nothing to do with it right. Add in gov’t reformulations, no refinery expansion due to environmental laws, out of control gov’t spending and borrowing. Of course it’s the oil compainies fault ...
Could it be since the price is too high less is used which brought prices down?
Pray for W and Our Freedom Fighters
Tisk. Tisk.