last year according to the ABC news report this morning. 39.5 BILLION !!!
Why are we paying record prices for a necessity of life and paying TOP dollar for it ???
Who's fault is this? How can we stop it being food for these piranhas ???
2007-02-02 00:23:26 · 6 answers · asked by Anonymous in News & Events ➔ Current Events
I meant $$$ not 333. Sorry.
2007-02-02 00:25:47 · update #1
Oh...so don't assume I buy designer jeans or Cafe Latte's either...I buy dented can goods and day old bread and often shop at the Good Will.
2007-02-02 03:57:24 · update #2
Fault? It is our fault my friend. We the Americans have allowed big business to make life threatening decisions for us. Oh, big business is what America is all about, ok no argument there. The problem is if we stuck together and refused to buy from anyone but the cheapest oil dealer.....what do you think would happen? Exxon would lower its prices or go under.
We as Americans have become cattle and are told what we will pay. Check and see what the C.E.O. got for bonuses last year.
2007-02-02 00:32:23 · answer #1 · answered by we_are_legion99 5 · 2⤊ 0⤋
We aren't paying record prices, gas is down to $1.99/ gal here. About 30-40% of that is taxes.
So people will readily pay for a $8 drink at a club, ($11 in Manhattan), which costs the club probably $0.25 at most. They will also gladly pay $3 for a can of "energy drink", which is just water, carbination, and sugar. They will pay $1.50 for a 20 oz bottle of filtered water. They'll buy Diesel jeans for $200, which were made in Indoensia for $1.
Exxon find crude oil, (it is sometimes 800 ft below the water surface), extract it from the ground (without polluting or they face huge huge fines), transport it to a refinery and distill the gasoline out of the crude. You can buy a gallon for $2.
If Exxon was "price gouging" last year, when gas was $3, why did they stop. Since Exxon has been around for decades, including in 2000 when gas was $0.89, did they just suddenly figure out price gouging. Were they like, "what were we thinking! We could have been gouging all these years!"
No, I don't work for Exxon, and don't like high gas prices, but I get annoyed when I see the same people who really whine about high gas prices, but then waste money on designer jeans, martinis, or fancy water.
2007-02-02 01:40:18 · answer #2 · answered by Arthur M 4 · 1⤊ 0⤋
And if you whiners, decided to give up the $500 cell phone bill, the $200 sneakers etc... and bought some stock in the oil companies you'd be smiling all the way to the bank. It's the choices you make that decide if your going to happy or complaining up a storm.
2007-02-02 01:19:23 · answer #3 · answered by Anonymous · 4⤊ 0⤋
If memory serves that most of the profit that they made, last quarter, was not in the US...They are hitting up China and I believe India since they are needing the energy to grow. I do agree with you that is insane.
2007-02-02 00:32:34 · answer #4 · answered by Anonymous · 1⤊ 0⤋
IT IS SIMPLE IT CALLED SUPPLY AND DEMAND.. WHERE WERE YOU WHEN THESE SAME COMPANIES WERE BARELY MAKING IT . LOOKING AROUND THE PICK-UPS THE SUVS SUB 20MPG VEHICLES AROUND. WE HAVE CHOICES BUT ARE NOT WILLING TO MAKE THEM. WHY DO YOU ASK THE FED GOV TO STOP TAXING YOUR GAS SO MUCH HOW ABOUT THE STATE TAXES. IN OREGON THAT AMOUNTS TO 25 CENTS FOR THE FED 25 CENTS FOR STATE. THERE PROFITS ARE 9 CENTS FOR EVERY DOLLAR SPENT-- HALF OF WHAT OTHER INDUSTRIES GET. WE CONSUME SO MUCH IT ADDS UP REAL QUICK.
2007-02-02 05:48:09 · answer #5 · answered by SWEET SARAH 4 · 0⤊ 0⤋
It's a huge scam isn't it? Unfortunately, Bush won't do anything worthwhile about this because he/his family are in the oil business and they want all their millions for when he is out of presidency.
2007-02-02 00:33:10 · answer #6 · answered by chelleighlee 4 · 1⤊ 2⤋