I know... I know... but I keep forgetting that Free Republic has graduate students of the Flat Earth Society. If they had any consistenct in what they believe, they'd invest in the stocks of the Big, Eeevil Oil Companies. Which, by the way are composed of people going to work every day; unlike politicians.
Rather than studying and thinking, people just "know" because their feelings or something similar tell them how it is. They hear "record profits" then look at the pump price and just "know" they're being gouged by "BIG Oil" without having the slightest idea of what it takes to find, drill for, transport and then refine the oil and then get it to that gas pump. They are similarly clueless about the competition between oil companies and the competition between the buyers of oil products.
And lastly, they expect politicians to "fix" gas prices by sticking to the oil companies without the slightest clue of how much of that price for a gallon of gasoline is tax stuck on by the government. Politicians read these posts and know they have us all right where they want us, while we look at oil companies as the big, bad enemy. Truly, we get the government we deserve.
I know... I know... but I keep forgetting that Free Republic has graduate students of the Flat Earth Society. If they had any consistenct in what they believe, they'd invest in the stocks of the Big, Eeevil Oil Companies. Which, by the way are composed of people going to work every day; unlike politicians.You're the only one who's said anything about oil companies being evil. I only pointed out a business tactic that is obvious...obviously not to you.
Spending money to have more product to produce later isn't the same as pumping more product into an already lucrative market...which would drive down the price and the profits.
Of course I don't need to tell you that because you and a couple of your friends are the only ones here who really get it.