I honestly want to know how these oil company execs can sleep at night? Not that we shouldn't expect prices to rise over time, we should! But this fast? This MUCH? When stories start to trickle in that people are having to quit jobs they can't afford to commute to. Can't EAT because they pay so much out in fuel costs...

Yet oil companies are boasting quarterly (yes, QUARTERLY) earnings in numbers upwards of $10billiion?!??

It's not right, and it's not fair.

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I hear that!

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"TO THINE OWN SELF BE TRUE"

Other people that should have a LOT of trouble sleeping at night are the politicians that benefit hugely from those massive profits the oil companies are making. Every dollar an oil company makes increases the government's revenues. They don't want you to think that way, and even lie to you that they are going to cut the oil companies' profits. Note that they never talk about reducing their OWN take from the oil stash.

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Abortion is not healthy for children and other living things.

Oil company profits are at a far lower percentage than most businesses. Oil co's also reinvest billions into exploration and research.

I don't buy that...they may do more research or exploration than other companies do but they can AFFORD to.

What businesses do you know of that do better than the oil companies are right now??

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big oil is part of the secret govenrment and theyre gonna have to save us when the well goes dry..

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Let me put it this way. Government makes more profit off a gallon of gas than the oil companies do and they don't do a damn thing to earn it.

Does that bother you at all?

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This is from the last quarter that ended in March '08. It only references tech companies that exceeded Exxon/Mobile's profit margin. Companies like Yahoo, Apple, Microsoft, etc.

5 Tech Companies More Profitable than Exxon Mobil : TechVat



Oil Profit Margins vs. Other Industries « The Everyday Economist

Also, the states and the federal government make more than the oil companies profit.

what does gouv. do with that earned money?

and yea oil companies are diks, but theya re companies, and no company lowers tehir prices, just to spare teh consumer, when their product becomes more scarce. that would be silly.
me, from 'socilaist' europe, thinks that gouv. should compensate. they are teh ones you vote for and that run the buisness that is a country, and should make sure it has little economic impact. if you dont have money to consume, thats bad for economy. if you pay all your money to an oil company, that might invest in an oil field abroad, then thats money floating away from your economy.

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The federal govt, and this includes dems and a few RINO repubs, have blocked our oil companies from drilling our own resources. Blocked any development of shale oil. Blocked new nuclear facilities. Blocked the construction of new refineries.

And now we need bogey man to blame for the cost of gasoline?

Thanks to our govt, we have no control over supply. We're enjoying the results of that retarded thinking now. But enjoy it, because it will get worse.

Yeesh....in Canadia, I was forced to tank up....misjudged the last U.S. exit, and ended up north of the border with under 1/4 tank of gas. Of the 1.29 per liter price at the pump, 10 cents of that was tax for the feds, 17.5 cents Ontario provincial tax, 4 cents local tax....and they add GST on top of all that. At 3.8 liter per gallon....that comes to 1.20 in taxes, per gallon. Then they figure in GST. Yeah, it's bad here, but it could be worse...and if we sit back and allow the faux enviro dems, (and RINO repubs....like McCain), to push environmental legislation through...it's going to get a lot worse. Regardless of which liberal candidate is elected this year, we will see sweeping enviro themed legislation come up, (which just coincidentally adds a couple trillion dollars to the federal coffers...not that any of our fine elected rep's would ever be swayed by that..../sarcasm).

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