mlmpetert
05-03-2011, 12:31 PM
Sorry, but I can't see how anybody in their right minds would be making excuses for the oil companies. They are making profits hand over fist. I don't care what the reason is for the increased gasoline and other fuel prices, it's ridiculous and needs to end.
But its not the oil companies' faults.
If you want to blindly blame something blame opec. At least most of the oil companies are American businesses, dont you want American businesses to make money? If there were more and smaller oil companies and their profit dollars (not margins) were smaller would that take away any blame you would place on oil companies?
mlmdub130
05-07-2011, 04:32 PM
gas went down today from $3.97 to $3.89 here at the wawa in woodbridge
saden1
05-07-2011, 04:44 PM
The biggest oil purchaser in the united states is jp morgan...nuff said.
Alvin Walton
05-07-2011, 04:44 PM
$4.11 here in west Michigan now.
Monkeydad
05-09-2011, 12:19 PM
Alright, spent the weekend on Long Island. Here's a regional report:
87 octane
PA - $4.059
NJ - $3.799
LI - $4.259
skinsguy
05-09-2011, 03:04 PM
But its not the oil companies' faults.
If you want to blindly blame something blame opec. At least most of the oil companies are American businesses, dont you want American businesses to make money? If there were more and smaller oil companies and their profit dollars (not margins) were smaller would that take away any blame you would place on oil companies?
Wait a minute! I'm not just blindly blaming the oil companies. I realize it all starts with OPEC and these stupid speculators that are running up the costs of oil out of fear. But let's not be stupid or naive, oil companies here in America are also making nifty profits. Don't just throw out the "Don't you want American businesses to make money" card. There is a huge difference in this situation. The difference is that this country lives and dies on oil for fuel. Everything hinges on this. Everything. And because these fuel prices have gotten out of hand in such a short amount of time, AMERICAN companies have either had to raise prices sky high on their products, or have gone out of business. It's one thing if the price of oil had naturally risen over a decade or so. I understand that inflation will eventually force all price tags to go higher, but you're talking a way dramatic increase in prices in a short amount of time. Maybe you're well off, making six figures a year or come from a wealthy family; but in the real world, with real people who are struggling to get by, the rising prices of oil is detrimental to those people's livelihood.
Alvin Walton
05-09-2011, 05:02 PM
My son just sent me a text and told me to fill up. He says its going to jump up by .30 by noon tomorrow.
Thats a huge jump. I hope he's wrong.
SmootSmack
05-09-2011, 05:30 PM
My son just sent me a text and told me to fill up. He says its going to jump up by .30 by noon tomorrow.
Thats a huge jump. I hope he's wrong.
How would he know? Oil tycoon? Industry analyst? Trader? Big rig driver?
EARTHQUAKE2689
05-09-2011, 05:52 PM
How would he know? Oil tycoon? Industry analyst? Trader? Big rig driver?
he stayed at a holiday inn express last night.
How would he know? Oil tycoon? Industry analyst? Trader? Big rig driver?
Petroleum clairvoyant? Perhaps.....channeling some of the Getty family....