Re: gas prices increase today... wow...
Just going to ask a silly question, but what's 9% of say Exxon Mobil's 88.57 billion??? hmmm that's what 7.6 billion??? and that's for a QUARTER It's called a commodity , you make money in commodity markets by selling in VOLUME. DO the math, if all things were held equal (ie, your sales are the same, your cost are the same) but the ONLY thing that increased was the cost of crude, how could you make more money? It's a scam guys, figure with those HUGE numbers they're making (the IC industry for example only makes about 11% AT BEST margins so 9% is actually GOOD in the production business) Exxon still gets a 2.6 billion dollar subsidy!!! And that's just Exxon... Insane, just insane... do a search on Google for 'Record Oil Profit' and watch, everything dates back to '05... very very little INFO out there... i'm not some nut conspiracy guy either, I worked for a defense contractor for five years and prior to that i work for a government agency. I wish we would just get our act together, if we just took the subsidy money and used it for R&D in batteries and in new power sources we would make leap and bounds, we would ALL reap the benefits in new industries (which would create jobs!!! novel idea huh? putting money back into our economy???) and we could be competitive without outsourcing our asses off... it's a shame... c'est la vie.