Record Oil Company profits...

Originally Posted by SCUDSBROTHER

Yes,but the thread isn't about the cost of oil .It's about the huge profits of oil companies,and that mainly comes from them agreeing on prices of gasoline(don't compete with each other.)

Bullshit.
Show me the meetings.
Show me the facts.
This has happened before
but at a diff. level.

They have been called to the floor on this many times.
Again, if you have ever watched C-Span, you know they
are constantly called in on this and there is no evidence of
your claim.
The Oil companies have to supply our government
with so much information... if you were a small businessman you
would never take on all this regulation.

I will again ask: Can you tell me any other time in the history
of the world when so many countries are consuming petroleum?
I hate this crap as much as anyone else. Why in
God's name would anyone dare to defend the Evil Oil Empire
when its so easy to just totally blame them?

Does anyone understand that China is consuming more oil
than the US (for the first time) and that their economy is absolutely bursting
wanting more? Does anyone see that India is right behind?
Does anyone see that there are too many people after something
that is limited in supply? I think I understand how this drives the barrel
(a future price) sky high. We are paying far less money for gasoline than almost any country barring Venezuela (their government subsidizes it, so the people trade gas for food across the border... wonderful) Why do we pay less than almost any developed country in the world? Can anyone answer this?

Finally, I ask again: Please explain why oil companies should
not be making high profits with demand at an all-time high?
Dont say price fixing when you cant explain cost differentials
in diff. countries and without evidence.
Oil company numbers are right there in gov.
records for all to read. They are one of the most exposed,
highly regulated businesses in this country.

Scudsian economics. Make it easy and blame the easiest
target. Makes you feel good. But it will not solve the problem,
because it is not the real problem.

Stop consuming.
Then you wont notice the prices.