Larry434 wrote:squinney wrote:I repeat...
squinney wrote:" Oil prices surged again this week..."
"Refining (profit) margins are the best in almost 15 years, oil prices are at record highs, and gas prices are near records. It doesn't get any better than this."
"Chairman and chief executive Lee R. Raymond noted that second-quarter earnings improved in all three main areas of Exxon Mobil's business - production, up 39 percent; refining and selling, up 31 percent; and chemicals, up 38 percent."
What part of this do you not understand? It has nothing to do with taxes, motor effeciency, or what is being charged in other countries. If there is a 39% profit on refining, WE ARE BEING GOUGED! Oil companies are profiting while everyone else sacrifices.
Is there another industry (besides Haliburton / War related industry) making that kind of profit in the current economy?
I fully understand that the oil companies, over the entire history of the industrial age, has been among the top in profits, and a very good investment for stock and futures speculators.
Your political affiliation has clouded any and all rational thinking on your part.
Oil in my area is at $2.00 a gallon. It will mark a 100% increase from four years ago, it has increased each and every year. They are GOUGING the American public, why you ask? Because they know there will be no investigation into their tactics by this administration. Does California and Enron ring a bell? It sounds like the same deal, except for a screwingover a state, they're screwing the entire American public.
But this is OK in your book, you'll stand by and watch the American public starve, loose health care and jobs while these guys force grandma and grandpa on a fixed income to choose between staying warm or eating.
Yep, you're a true American all the way, screw over anyone and everyone as long as you get your way, it's just utterly disgusting.