Paid Over $4 For Gas Today
- Thread starter cawacko
- Start date
cawacko
Well-known member
Do you believe the oil companies were behind the uprising in Egypt?
SmarterthanYou
rebel
this is not oil companies, this is oil speculators.
Neon Kokugen
New member
Seriously? it couldn't possible be the uprising in Lybia and Egypt. No No it has to be the oil company.
I doubt he means that. But big oil certainly does have a proud history of price increases that are disproportionate to events like that, using the concern & sometimes panic as an excuse to gouge.
Oil areas are too volatile. Price increases like this are extremely tough on those w/ a fixed income, but the silver lining, if there is one, might lie in a greater sense of urgency as a nation to finally ween ourselves off of foreign oil, at least to a significant degree...
cawacko
Well-known member
That was a leftover question that he didn't answer from his post #5 in the Lybia produces 3%... thread.
Seriously? what percentage of oil consumed in the U.S. is pumped in Libya and Egypt?
What particularly did you have an issue with on that? Big oil doesn't gouge? We shouldn't get off of foreign oil?
Smart stuff, tinny...
What does that have to do with it? Oil is fungible
Doesn't matter fool...its a world market.
Cancel 2018. 3
<-- sched 2, MJ sched 1
you have been show, REPEATEDLY, how stupid you are for this and you just keep repeating it....they ALONE do not set the prices, they have little to do with the prices
It isn't in the oil companies' interest to keep oil cheap. The cost of production does not increase for Exxon because there is instability in Libya. So when oil prices increase and production costs remain the same, they make a whole lot more money. The owners of service stations get fucked in the earhole, but the production companies rake in record profits with oil high prices.
You're not using ROI correctly, there.
It's in their interest to mark up as much as the market will bear, ya idjit...
No it's not. then they lose the sale to a competitor. You operate on a simplistic model you probably held onto since 9th grade, you imbecile
Lowaicue
英語在香港
Those who live by the oil shall die by the oil.
How much gas do you get for $4.00? Hell, we can cook for a month on not much more!