I hope you are right, but unfortunately you aren't. Read "Twilight in
the Desert" by Matt Simmons.
Now THAT'S funny!
It won't matter who's in power in the US, the increasing demand from
China and India is going to continue to drive the price of oil upward.
The Middle East will probably never be stable, so there will always be a
fear-factor to drive prices even higher. Cheap gas in not coming back
and the sooner we accept that and start acting appropriately, the better.
You don't find it a bit coincidental that Exxon-Mobil and other oil
compaies make record profits when Republicans are in office
domestically? The same republicans who are heavily invested in the oil
companies? I guess it could just be coincidence...
Yes, very, very good news for the stock holders. Now, if only the same
stock holders would buy some shares in corn, soy, field grass or whatever
other possible form of potential energy, maybe things would be a bit
Maybe I am just jealous. Man, if only I could find a finite energy source
that could run or help make just about everything in the world. I guess
being wealthy beyond my wildest dreams just wouldn't be enough for me
The oil companies are making record profits because high demand and an
unstable middle-east (nothing new there) have combined to drive the
price of crude through the roof. One could reasonably argue that our
foreign policy is partly to blame, but please spare me the silly
Are you kidding me? The oil companies pump it out of the ground and sell
it on the futures market. There is actually very little profit in
selling the refined products. How do YOU think they make their money?
I think you are pulling my leg. The gasoline futures price has not been
above $2.24/gal. Considering that I don't know a single gas station owner
making more than $0.01 on a gallon of regular (they don't make much more on
mid-grade or premium either), where does all the rest go? Some to
transportation, sure, but $0.75/gal.? I don't think so.
Before Katrina hit the "markup" between the futures price and the street
price averaged $0.30/gal. Since then it is $0.70-$0.80/gal. Gee, I wonder
where all the extra profit comes from.
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