But have the profit margins increased? I hear that the margins have not been increasing just the gross revenues. New refinery capacity may be lagging due to very low profit in making gasoline and not just to the Enviros. Anyone have some good numbers?
The problem is, Bush really does seem to be in the pocket of the oil companies.
I know, that’s a liberal screed. But fact is, he’s really not doing much about the situation. He’s the one with the bully pulpit. He could be out there, making the case for more drilling, making the case for new sources of energy.
How can one conflict in Iraq, so utterly immobilize a presidency, which once seemed so right?
He’s not doing any of that.
In fact, he’s doing just about NOTHING.
At least print up some “W.I.N.” buttons or something.
Margins are lower than in the past. Factor in the falling dollar and their profits are dropping.