http://news.yahoo.com/s/ap/20060727/ap_on_bi_ge/earns_exxon_mobil
ok, I gotta get politcal again, for two seconds.
Isn't a "Monopoly" when a company owns the whole business and charges whatever they like? Why are they raising prices if the real price is not going up? Just to make loads more money? Ima bout ready to trade in my 3 vehicles on a really, really nice bicycle, just to spite the oil companies.
Why hasn't our brilliant government stepped in?
This is a very complicated subject. These prices were going to come due to many, many reasons.
If you remember the Congessional hearings that were called proved that the profit "margin" after investments were no more than othe US companies doing business. I thought it funny when a CEO of a major company told those bozo's "we will charge what ever the market bears".
The Liberal Left jumped on the band wagon. Kennedys, Schummer (friggin clown) and other bozos. What they forgot to mention is the fact that there taxes on gasoline are the highest is the US. 62 cents a gallon tax. No mention of that.
Now, if you and I were to buld a refinery it would take 10 years just to push the paperwork through the EPA. The cost would be staggering. We had many refineries here in the US. 30 to be exact. The EPA came in and said "you need to update your refinery to meet EPA standards". The companies could not afford the billions it would take. Sold them off.
Thanks to the tree huggers, liberal left and the EPA!
Also, even though Hillary Clinton visted China many times in the Clinton presidency protesting child sweat shops her husband signed treaties like NAFTA. Remember who cast the winning vote? Al Gore. Another piece of shid.
Bill Clinton made China the favored trade nation his entire two terms. They became rich. Very rich. China does not ride scooters and bicycles anymore. They drive cars. Lot's of cars, therefore a demand for oil. They have the money to buy it thanks to our policies.
There is only so much oil on the market. It's like a Cherry pie. Everyone wants a slice and it will go to whoever pays the most.
We could go on for days on this subject. I feel it is our fault that we got in this mess to some extent. I work with a man who's Son works on the oil rig's in the gulf. He told me that most of the time they find oil and cap it. If one looks hard enough there is probably a huge tax incentive to do this. Canada has billions of gallons. Why are we not asking for some?
Will gas come down. Nope. Will gas go up? Yes. Funny that gasoline is a "by product" of refining oil huh? I'm waiting until next year for my retirement truck. Should be giving them away by then.
hogger...
