The high cost of oil is hurting ... oil companies?

Question

Who really believes this nonsense?

http://www.msnbc.msn.com/id/21295390/

Quoted in part from article.

*Gasoline prices have been moving lower in recent months as supplies have grown and demand has ebbed with the end of peak summer driving season. Crude oil, meanwhile, has surged on a mix of concerns about growing global demand, falling inventories and an influx of speculative investment money.*

In truth - The nation’s three largest oil companies — Exxon Mobil Corp., Chevron Corp. and ConocoPhillips are crooks.

Want to know the truth about these three big oil companies? Check out how many refineries they had opened for years doing the work they are crying about now. Our gas prices were much lower when most, if not all of the refineries were opened.

These three big oil companies joined together in collusion to fix gasoline prices for the sole purpose to rip off the American, and global people for their own self interests and profit gains.

How did they do this?

They closed down 60 refineries that were perfectly fine and in good working condition. The ones they left open were the ones that in certain seasons of the year would be "effected" by these seasonal weather patterns. They used the hurricane seasons, and storms to claim that it hurt their refineries. They used approaching travel holidays to "clean the pipes" or "replace the pipes" to raise fuel prices. They agreed with each other not to open any of the refineries closed to increase productions of fuel for the consumers, and to keep fuel prices low. They maniplulated the market for big profits. Now the three big oil companies want you, and me to cry for them after stealing us blind and openingly all these years. Perhaps they shouldn't have promised their Ex-CEO's such big Golden Retirement Packages when they left these big companies. Or pay their new CEO's such big salaries, perks, and benefits now.

Not once did Government step in to protect the consumers against these crooks.

Do you feel sorry for them now after finding out what they really have been doing to you all these years?

Or how does this make you feel?

Answer 1

They , along with other companies, are an international cartel which divides up markets and resources and works through compliant governments and politicians to control production and pricing with minmal regulation. They give the lie to the classic capitalist credo of free markets and competition - two things you will never see in the oil and gas industry. As for how they do it, ask Dick Cheney - he knows the answers. And good luck!

Answer 2

in all threat. Oil agencies and coal agencies are no longer oftentimes related, via the way. you're able to be able to desire to contemplate that cap-and-commerce isn't an remoted piece of legislations. For one difficulty, interior the proposed bill there are provisions which placed funds into selection gas and renewable power technologies study and implementation. In different words, the oil and coal agencies are not only coping with a value on carbon that they could only pass alongside to their consumers. they're additionally coping with the emergence of electric vehicles and renewable power techniques. in the event that they develop their costs too lots, human beings could have selections and go someplace else. diverse all human beings is already eating much less gas via procuring hybrids, utilising much less, and so on. As for coal, the bill additionally has a call for that utilities get 20% of their power from renewable supplies via 2020. There are going to be very few new coal vegetation geared up interior the destiny, so i do no longer think of there is any question that the coal industry will take helpful in income, which would be exceeded directly to the renewable power industry. i'm confident that's going to be a mix the place they pass some expenditures to the buyer and additionally take helpful of their huge earnings margins. even nonetheless it only is different from gas costs will by surprise skyrocket to $5/gallon or power costs to twenty-5 cents in step with kWh. in case you develop costs, you besides mght decrease call for.

Answer 3

No matter how you slice it, the oil comapnies will always be the victim in any situation, even if that situation is creating record profits.

Boomer, you better wake up! 9% is on oil alone, when you look at refining, which are also the same companies, making even more profit on the oil they sell their own subsideries, the number change quite a bit.

Answer 4

They are a member of "Elites", who currently control the world, few thousands(app 3000) individuals, who have so much influence in our economy that could indirectly cause the Pres. of US,to go in to war. All the banks in US go to Federal Reserve to borrow money, but where does FR borrow it's money? They control the Stock Market and entire Finance business around the globe.

Answer 5

they have done same for years, when Standard oil was broken up, most of all the other companies that were formed had the same board of directors, just a different name to please the public outcry.Welcome to big business 101, they are in the same business and all know each other why compete if you can fix prices and still call it competition.

Answer 6

The profits of the American oil companies are running a record high of about 9%.

Do you really want to tie up your IRA mutual funds in that? Especially when Hilliary wants to confiscate their measly profits?

Better to stick with financials and banking funds and get a 20% or so return....

Answer 7

Collusion? Prove it. Where;s your proof.