Posted by: pmp6nl
« on: November 03, 2009, 10:09:56 PM »Up Down Up Down Up Down ... sigh
I think there has to be balance. High gas prices stiffle the economy as well as low prices.
I find it interesting that gas prices continue to rise at ridiculous rates.Remember the oil companies profit margin is only 8-11 percent so I would have such a fit over this they pay over 50% in taxes. That should be criminal.
Especially because I heard that there is no oil shortage (which is often blamed for high oil prices), exxon and others are simply just not requesting more oil ... hence driving up oil and gas prices on speculation so they can make more money? Exxon and others did post record profits. $11.7 billion in quarterly profit; earned $1,300 a second in 2007.
At least thats what people are saying, do you think its true?
http://money.cnn.com/2008/02/01/news/companies/exxon_earnings/
[youtube]http://www.youtube.com/watch?v=Eq9IBAPClSI[/youtube]
Why don't we have lobbyists for alternative energy?
We do, but they dont have the huge financial backing as others do promoting other agendas.