DanS.

Also that would imply that the foreign oil companies that do business here are engaging as well...that includes CITGO....does you really think Chavez and and Exxon are working together....especially given that Exxon is kicking their butts?

DanS.

Also...it's not like these profits go to Exxon and dissapear from there...I know the one CEO got $400 mill when he left a couple years ago...but even as bad as that was it's only about 1%....the other 99% can only be invested back into the company, just plain invested in other companies or paid out to shareholders(which doesn't happen that often and when it is it's a small portion of the profits). This money doesn't sit in a drawer somewhere...

cheapseats

It's not being rightly invested, either, or we wouldn't still be dependent on oil.

Record profits for passive investments, while we kill people abroad and let them eat cake at home, are beyond unseemly. They are beyond unchristian. They are Un-American.

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JeffinCO

I'm not laying blame at the doorstep of the oil companies.

I dont mind oil companies making profit.- however,
I do mind the United States of America using that goal as a basis for foreign policy.

I think it's been pretty well established that we invaded Iraq for less than moral reasons. I'm not an economics major, but it would seem to me a great way to bump up prices and profits is to have greater control over supply. (Not to mention, tanks and bombers need petrol.)

I wonder how McDonald's profits would react if Ronald suddenly had full control over Whopper production. (seems simple to me).

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красные крыла всасывают

"Oh, what a lovely little.."

cheapseats

Doesn't matter if they are all charged the exact same price for oil. Hey, we're still busy cramming democracy down their throats...laissez faire capitalism is a second-semester course.

These oil companies are ostensible competitors. If they begin with exactly-priced oil, all of their operations, costs and accounting practices would have to be identical to steadily land on identical prices. It defies reason.

Progressives should call for price fixing investigations. Be neither afraid nor blindly loyal to capitalist theory...price fixing = bad in economics, except for Bad Guys. Price fixing is very beneficial to them.

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DanS.

Well no it doesn't...there are prices variances from city to city and state to state...hell even neighboring gas stations are off by a few cents....but the point is...if one of them(let's say Exxon) can offer it cheaper...then the rest of them have to follow suit...It happens everywhere...not just in oil...it's typical to almost all homogenous products...

DanS.

Agreed!

But you do know we get the vast majoirty of our oil from Canada?

JeffinCO

..really? (Perhaps we should invade).

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красные крыла всасывают

"Oh, what a lovely little.."

DanS.

Really? So they can create the fuel and the cars that will run on them at the same time in a couple of years? Hell the automakers haven't even been able to produce the cars yet..

DanS.

It's been my lifelong dream