by any company on record ....can anyone here with any sense of reality and or truth say..
"Gas prices have nothing to do with the Government, and Prices are adjusted to the demand"?
we had more reserves this summer than we have had in years and yet gas in my state is as high as 4.05 and bottoming out around 3.29...WTF?
when do we kick the merchants out of the temple?
2007-12-06 14:30:37 · 9 answers · asked by Anonymous in Politics & Government ➔ Politics
And when is making record breaking profits a crime? It isn't. The gas and oil companies are making lots of money due to shrewd business moves. And a lot of Americans are prospering as well from energy stocks. I know mine are doing wonderful. I'm thinking about retirement at age 30!
2007-12-06 14:36:43 · answer #1 · answered by mustagme 7 · 1⤊ 3⤋
did not purchase gasoline at present. although, if that they had a loss of $11.68B that would make many human beings a lot happier. evaluate Exxon is unquestionably 2 oil companies (Exxon and Mobil). evaluate theirs is a capital in intensity industry and that they are in opposition in the process the worldwide for scarce resouces sorely needed by utilising anybody. Their income margin is under 11% while in comparison with Microsoft's income margin of slightly below 30%. So why isn't Microsoft being hammered for gouging the wide-unfold public.
2016-12-10 15:06:26 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Considering the price of gasoline, and the fact that demand hasn't gone down, does this really surprise anyone? As long as we keep buying at these prices, the oil companies have no reason to lower prices. Only when supply exceeds demand will the price go down.
2007-12-06 14:38:55 · answer #3 · answered by displacedyankee 2 · 2⤊ 0⤋
oil companies are not controlled by any country. They want the most money like everybody else in a capitalist society. Global oil companies export crude to the same countries they import from. I say good job Exxon!
If you don't like, elect someone into office that will not give oil companies tax savings and other subsidies.
Otherwise, quit complaining.
2007-12-06 14:40:32 · answer #4 · answered by Fitch D 2 · 3⤊ 0⤋
Hmm some people don't know that all companies routinely do projections for revenue, expenses and profit and yet question the intelligence of others. LOL.
2007-12-06 14:41:51 · answer #5 · answered by Anonymous · 0⤊ 0⤋
ahh, finally, someone who realizes the truth! gas companies are gouging the public and people are believing them when they say it's Bush and "supply and demand"
The demand today for fuel is just as high as it ever was.
2007-12-06 14:33:18 · answer #6 · answered by Hall + Oates 6 · 5⤊ 1⤋
As a percentage of gross sales, oil companies have dismal profits. Better to stick with financial stocks. They're much healthier.
2007-12-06 14:34:10 · answer #7 · answered by Boomer Wisdom 7 · 0⤊ 3⤋
Amen. Gas was $1.46 when Bush first took office!
Boycott Exxon, BP,...,
2007-12-06 14:34:17 · answer #8 · answered by MadLibs 6 · 3⤊ 1⤋
It is called gouging...........
2007-12-06 14:37:33 · answer #9 · answered by Anonymous · 3⤊ 1⤋