On Sun, 24 Apr 2011 20:39:41 -0400, Gene wrote:

On Sun, 24 Apr 2011 18:25:30 -0400, Wayne B
wrote:

On Sun, 24 Apr 2011 12:41:35 -0400, Gene
wrote:

Holding a big inventory of oil in your tank farm is not without risk
and it takes massive investments in time and money to build the
infrastructure. Not surprisingly, the people who make those
investments expect to earn a profit once in a while.

"A profit once in a while.....?"

http://www.nytimes.com/2011/02/01/business/01oil.html
http://www.grist.org/article/2010-04...ution-while-am
http://money.cnn.com/2010/07/29/news...xxon/index.htm
http://money.cnn.com/magazines/fortu...anies/profits/

The oil companies and speculators are almost single-handedly
preventing an economic recovery.... and they are being paid handsomely
to do so..... and you are DEFENDING that?

Incredible.....

It's a very cyclical business and no one feels sorry for Exxon when
they have stagnant growth, or even worse, when they fail to discover
enough new oil to replace what they sold. Unfortunately that is what
is happening. It is probably reasonable to assume that as their
exploration and acquisition costs go up, and as their reserves go
down, they will want a higher price for the product.

In the interest of full disclosure, I own stock in both Exxon and
Chevron-Texaco. Their annual reports make interesting reading and
the future for energy prices is not good.

Somehow, you are missing the reality that when Exxon loses money, the
stockholders are ****ed..... when Exxon continues to make record
profits in an otherwise miserable economy, they are sticking it to all
of the users of gasoline.... one way or the other, the entire
American population.... and to the entire American economy....

Gene, do you not think the drop in value of the dollar has had any affect on oil prices?

Is it a coincidence that oil and gold are both hitting new highs?

Has Obama had any affect on the value of the dollar?

Remember...without corporations, there would be no unions. Then where would all the liberal whining
come from?

Oh wait, I suppose even a socialist government *could* allow unions.