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High Gas Prices

Can someone explain to me why the oil companies are making record profits but continue to say they are playing by the rules...supply and demand.....yeah, right..

What other business do you know of where you "have" to raise the price for some reason but you still make a record profit unless you have raised the price too much. I am trying to figure out how to say this. I mean it seems simple that a company says they need to raise the price of the product...but then they "still" rake in big profits...even bigger than before??? If they can still make the bigger profits, then why
did they raise the price?

Comments:

It is all a big scam.
It changes week to week.
Now Bush s making an effort to curb the gas usage of Americans.
Wow. He is really on the pulse of the situation. Sarcasm included.

Here's my guess...it's not an election year...they have to make extra
big bucks in '07 so they can lower them a little the second half of '08.

Schedule long road trips accordingly...

-Ciara

Good luck with you guy's theories on energy - you don't know beans, but at least you get enjoyment out of bashing w.  w is 100x better at energy policy than any dem - although unfortunately, not many of our politicans have the
integrity to make a real energy policy.

energy (crude oil) rules.  60% of profits in the s&p 500 last year were from outside the U.S.  America is shipping low sul coal to China, letting China get Cuba's oil while we have some embargo going on that seems to only hurt
Cuba regular people and the U.S.  America argues over where to drill while other countries are growing faster than the U.S.

Big oil has to make money to re-invest, and even at that oil supply is going down, demand going up.  Russia has a lot of gas stations opening up in the US, would Russia rip you off at the pump?

according to you guys, anyone can start/invest in an oil company and make tons of money.  if that was true with no risk -- people would.  you people are afraid to risk investment in the US stock market, --why should others
invest in Nigeria or Russia, or 5 miles deep in the Gulf  -just so you can have gas cheaper than any other country in the world?

the US gov gets more tax money each year, --why do they need to raise taxes? On the Money tonight was saying it was the union at the Post Office reaping the benefits for it's members -  wished that I would have worked there.

-Big Red