After all these companies say they're is no price gouging going on, how am I supposed to believe that myself and everyone else in the world isn't getting ripped off when companies like Exxon Mobil are posting record profits? What are your feelings on the topic?
2007-02-01 03:22:20 · 8 answers · asked by stupid people make me laugh!!! 3 in News & Events ➔ Current Events
Call volumn
Taxes on gallon of gas in 60 cents
So lets look at it this way.
Gas is about ~2 bucks
So the oil companies are selling it for $1.60.
In 1980 it broke a buck a gallon.
Name me 1 thing that has gone up in price 60 cents in the last 27 years.
So now the democrates want to soke them and raise their taxes guess who is going to pay for it.
That is right all of us.
2007-02-01 03:46:18 · answer #1 · answered by Anonymous · 1⤊ 1⤋
You're correct..Partially. The oil prices need to be regulated by the government. Although oil is selling on the open market and that determines the prices. But so much profit is not healthy for anyone, but Exxon Mobil. They need to share their wealth with the people that make them rich day after day..
2007-02-01 11:27:34 · answer #2 · answered by Michael R 4 · 0⤊ 1⤋
They will tell you that they put their money back into R&D. They have no desire in alternative fuel sources; if they do you sure bet they will have a hand in it and we will be at the mercy of these oil companies.
Don't forget you also have OPEC which bullies the market when they see oil prices go down, they just cut production to keep the prices inflated.
2007-02-01 11:31:20 · answer #3 · answered by knightwing992000 3 · 0⤊ 1⤋
Talk about things being obscene the profits of the oil companies am sure the CEO's will get nice reward and workers will get little in reward.
2007-02-01 11:40:08 · answer #4 · answered by Anonymous · 0⤊ 1⤋
WHERE WAS EVERYONE WHEN THESE SAME COMPANIES WERE BARELY MAKING IT. THEY MAKE 9 CENTS FOR EVERY DOLLAR SPENT--MOST INDUSTRIES MAKE TWICE THAT. THEY SELL ALOT OF PRODUCT.. WHEN AMERICAS STOP BUYING SO MANY SUVS AND PICK-UP TRUCKS ALL SUB 20MPG VEHICLES I MIGHT LISTEN. YOU CAN NOT HAVE YOUR CAKE AND EAT IT TOO. WHY DON'T YOU ASK THE FED GOV TO LOWER TAXES ON A GALLON OR STATE TO LOWER THERE TAX. IT IS CALLED SUPPLY AND DEMAND.
2007-02-02 15:16:28 · answer #5 · answered by SWEET SARAH 4 · 0⤊ 0⤋
All I know is that the CEO of exxon mobil is the absolute caricature of the gluttonous capitalist pig.
http://www.americantruckersonline.com/Exxon%20Picture.jpg
2007-02-01 11:31:09 · answer #6 · answered by superfunkmasta 4 · 0⤊ 1⤋
I don't believe it either. Prices per barrel went way down, like prices from 2005. Yet the consumer is still paying riduclus prices. HMMM..
2007-02-01 11:27:35 · answer #7 · answered by Kimmie 3 · 0⤊ 1⤋
oil companies have been ripping us off since the late 50th
2007-02-02 02:46:00 · answer #8 · answered by thevillageidiotxxxxx 4 · 0⤊ 0⤋