Of course it is not their fault they just run the company.
"On April Fool’s Day, the biggest joke of all is being played on American families by Big Oil," Rep. Edward Markey, D-Mass., said, aiming his remarks at the five executives sitting shoulder-to-shoulder in a congressional hearing room.
http://news.yahoo.com/s/ap/20080401/ap_ ... ngress_oilwhy no its not… Speedway is so poor they had to tear down the Mulberry Street Building in Logan and now are putting up a brand new one…
[quote:7fvbwunf]Top executives of the country’s five biggest oil companies said Tuesday they know record fuel prices are hurting people, but they argued it’s not their fault and their huge profits are in line with other industries. [/quote:7fvbwunf]
[img:7fvbwunf]http://www.southeasternohiopreps.com/forum/images/smilies/faces/016.gif[/img:7fvbwunf]
[size=150:7fvbwunf]Yeah right [/size:7fvbwunf]
If not theres then whos fault is it
[quote="Orange and Brown":2h5d2a0k]If not theres then whos fault is it
[/quote:2h5d2a0k]
[color=#4000FF:2h5d2a0k]NCF, has told we a hundred times…I can’t believe he hasn’t posted it yet…[/color:2h5d2a0k]
The consumer. That is who is at fault. Just like Wendy burgers, Mcdonalds, Walmart. etc. When the consumer stops paying, the prices will fall. Economics 101 anyone? Oh my bad, they don’t teach this stuff in schools. Maybe we should ask why condoms cost so much. Who’s fault is it that condoms cost so much? There, that is a question that can be asked in our nation’s schools.
[quote:31bvlnc0]Who’s fault is it that condoms cost so much? There, that is a question that can be asked in our nation’s schools.[/quote:31bvlnc0]
I know that answer to that one…it’s Bill Clinton
[img:31bvlnc0]http://www.southeasternohiopreps.com/forum/images/smilies/faces/4.gif[/img:31bvlnc0]
Does anyone believe these guys?
I personally don’t believe much of what I hear on the news or read on websites. We live in a world that is thoroughly flooded with information. But that data is manipulated so that very little of it has any significance except for the sources that are trying to profit from their agenda. We’re drowning in a sea of information often marketed by the unscrupulous. In short the rich folks are just starting the cycle over again so that they can pad their bank accounts even more. They are just running us through another cycle of spending/not spending for their own benefit.
[img:368lambu]http://www.southeasternohiopreps.com/forum/images/smilies/faces/017.gif[/img:368lambu]
It is basic economics. And its about supply and demand. We as a people won’t reduce our demand a whole lot. We love our cars and our stuff. Will we cut back, sure. But enough to effect gas prices more than 20, 30 cents per gallon, no. The answer is in supply. Force the five big oil company’s to each build a new refinery. We have oil in tankers waiting off the coast of this country all the time waiting to unload. But refinery capacity can only take so much. So they can only produce so much gas. This artificially keeps supplies of gas low and prices high. Build 5 new refinery’s and watch gas drop.
Even when the demand goes down the price goes up. This info was on tv and on many news sites I like to read.
Its not about supply and demand, that has been shown to be false, even if it might have been accurate at one time.
I had written the following a few weeks back about a television program I was watching. A reporter was interviewing a person that had special interests toward "big oil" The person said even with the mandate for higher fuel efficient autos, blended fuel etc. the price of gasoline would not decline as profit margins must stay in place.
OPEc tonight issued a statement, oil supplies are plentiful so there is no need to up production. They said " refinery capacity" was a main reason for high prices. Common sense.
Remember when the Iraq War was supposed to "pay for itself" via oil revenues once we deposed Saddam? Both Iraq [remember, OUR bombing caused serious damage to the physical pumping, pipeline, and refinery structures there] and Venezuela have such corrupt [or inept, or both] governments that a huge percentage of their oil natural resources are stolen and diverted into black-market channels by terrorist or subversive factions therefore limiting the "available" amounts of crude oil on the legitimate world market.
The actual amount of oil being pumped is probably double the amount reported/acknowledged by those countries; but it either never reaches the refineries - sabotaged/stolen en route - or is diverted afterwards.
A ridiculous amount of the cost of a gallon of gas goes to payment of bribes and kick-backs to corrupt government officials in oil-rich countries which are then passed on "in triplicate" to consumers here of the final refined product by the oil companies. Granted, the huge profits reported by big oil companies benefit their share holders [which might be you and me or our pension or 401K plans]. But it still seems to me those companies are expecting [and getting] a lot of OUR government’s [taxpayer] expenditure for [u:2xhrzh8b]their[/u:2xhrzh8b] protection, rebuilding/repair of [u:2xhrzh8b]their[/u:2xhrzh8b] damaged or aging property, constructing additional refineries, tax rebates, etc - rather than footing the bill and spending the needed money out of their own budgets for those things [which would seriously cut into their profits].