Record Oil Company profits...

[zippyneedsawin]

Originally Posted by pgardn

The Demand for oil worldwide
is insatiable. What the heck do
we expect?

They cant get it out of the ground
quick enough. If demand goes down,
prices will follow. There need be no
secret meetings between oil companies.

The people are two deep waiting for their
icecream. Are you gonna stop selling?

All of these side issues are fine and dandy.
Bottom line is stop driving the car, flying the plane,
using the truck and boat to transport goods. These
engines all use some petroleum distillate. China is now
using more pet. that the US.

Game on. India waits.

If it were as simple as supply and demand.. then why are the PROFITS so high? The oil companies claim the prices go up because of supply issues.. but shouldn't increased cost cover the revenue supposedly lost by the lower volume of sales, not create ridiculous profit margins? Why are other fuels/energy sources we rely on REGULATED, and Oil is not? Natural Gas and Electricity rates/prices are regulated, because everyone needs these... Oil is NO DIFFERENT. Our economy and the world are clearly dependant on it. You can't provide goods and services without it.
I love when people say if you don't like it, 'Stop driving." OK, you can tell the INDIVIDUAL to do that.. what about Businesses that rely on transporting those goods and services?? Guess what, now we are not only paying high prices at the pump, but also when we check out at the grocery store, mall, or any service provides.
There's a food crisis in multiple countries around the world? Why? Because of the higher cost. Why?? Because of the cost to transport that food.
And what about School Districts?? Should we stop busing the kids to school?
Municipalities?? Should highway department vehicles/crews stop maintaining the roads?
POLICE, FIRE DEPARTMENTS, AMBULANCE SERVICES?? Yeah, they should stop driving too. Sorry, Billy, the ambulance crew is 4 miles away, so they'll be here in an hour because they are WALKING here..maybe.
If oil prices were actually regulated, the cost would be half of what it is right now.. and those companies would still be in the black. It's greed. And it's decimating the American and Global economies. Ok, I'm getting off my soapbox now.... What's the latest on Big Brown??.. I haven't heard much about him lately...