Think of the logic of the market we have in place. Right now, say you pay 3 a gallon. Some fool decides that a whale farting in Newfoundland will impact oil production. So, the price at the pump will rise before the next morning. Keep in mind that the oil you use now was already refined at a lower price months, even years earlier. So the things that impact the price should not be seen untill AFTER the current oil is refined. But instead the expected future price is passed on to consumers now. What a rip....
its time to start writing congress. Thats all the voice we have..
The blurb below is a headline from CNN today....its the second largest profit...ever. And they made the record profit last year. Go to congress.org and say something. In the USA, things change IF the people make it happen.
Exxon Mobil makes more than $10 billion
No. 1 U.S. oil company earns $1,318 a second - topping forecasts - but comes in just shy of a record.
2006-07-27
22:09:01
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4 answers
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asked by
Dan G
3
in
Personal Finance