When is To much To much?

Question

With the oil company revenues posting record highs when does making money become price gouging?

Answer 1

when the oil company stops paying its kickback to the politicians so they decide to actually do something about it.

Answer 2

Oil companies are gouging us with prices because they can. Governments will do nothing about it, because the more the companies charge, the more the government makes on the taxes it adds to the price of gas. The governments are posting record highs in tax money as well as the oil companies, so they don't really care how much we pay.

The oil companies also know that they can only get away with this for so long, with alternate sources for fuel being sought after, Car companies will eventually have to increase their production of alternate fuel cars. Hybrid, electrical, Propane, Fuel cell. All the technology they need to make these cars is there. They simply will not make them for mass market because the oil companies will not allow it yet. The companies want to make as much money as they can before they have to start losing money to alternate sources.

It's all a big cash grab. Prices go up for any reason the oil companies can think of. The only people complaining are the people who have to pay at the pump, and what can we do about it. NOTHING! Does everyone stop driving to work every day? Stop going away on the weekend? Of course not. We all have to make a living and they know it. There is no way to stop the gouging that is taking place other than to make laws that forbid it. That will not happen as long as the governments have their hands in the money jar as well.

It's a sad situation when corporations dictate to the government what is allowed and what isn't.

Answer 3

The real money makers are the mid east countries. kuwait just paid every citizen close to $700 each. Reverse taxes.

Truth is .. if the oil companies were not woking hard to produce Gasoline and making profits, we would be paying a hell of a lot more. Look at Europe. God Bless them i hope they make big bucks, and keep me under $3. I was in germany recently, over $6 us dollars per gallon.


Count your blessings,

Answer 4

It is already price gouging.
People have quit their jobs, because they cannot afford to drive to work. Therefore, the companies will hire illegal aliens at below minimum wage rates, and no benefits. The illegals will then live within blocks of these companies, so they can walk to work. Thus, this trend will continue to put millions of Americans out of work, and replace them with illegal aliens. The companies save money, and get the work done. Americans will have to give up their homes in the suburbs, and move to the cities in order to keep their jobs. Or, lose them to illegal aliens.

Answer 5

The oil companies (and auto manufacturers) have been ripping off the consumers for a long time. We coulda had (large) high-mileage vehicles a long time ago, but certain inventions were quashed by the money-makers.

Answer 6

Oil companies make $0.07-$0.10 per gallon. You are paying $0.60-$0.90 in taxes per gallon. Don’t blame the oil companies, call you elected officials. They are the only ones that are gouging.

Answer 7

Its like this all these big oil comp. pay large contributions to the election campaignes...therefor making congress say I cant say anything because they gave us allot of money, they don't care the government pays for their gas anyways

Answer 8

When This War Is Over.

Answer 9

its the apposite of your ? so your answer is when the records go low the more money u will have to pay

Answer 10

Do you mean: "When is too much, too much?" Good luck in your analysis of advanced economic models.