Record Oil Company profits...

[SCUDSBROTHER]

Originally Posted by gales0678

scuds - what about demand from china and india - isn't this causing some of the increase?

Have you ever really heard anyone say there is plenty of oil? Not much,right?Unless you have competition,you are gunna be reliant on 4 or 5 oil companies refining only as much oil as they want.You're also gunna be reliant on OPEC to pump as much oil as they conpire to pump.Do you really think they are ever gunna say that there is plenty of gas."We are gunna lower the price,because we have so much that we need to get rid of some." That situation won't happen unless you have more companies refining oil.It's pretty much like what the A.M.A is trying to do with medicine..."Keep medical care rare and expensive." The price of gas dipped before the 2006 Fall election..right? They wanted you to keep electing the people in charge(at that time the Congress ,Senate,and Presidency were all Republican majorities that favored 4 or 5 oil companies going without honest competition.)Weren't China and India using oil then..LOL..?