On Mon, 30 Jan 2006 22:15:22 GMT, Shortwave Sportfishing
wrote:

so? charging what the market will take is a time honored capitalist
tradition. and until they come up with another source of energy,
thats what 'cha got.

Not acceptable when the commodity is the blood that keeps our country alive.

Very short sighted thinking and all too typical of what passes for
analysis in the news media.

Oil companies need to replace what they sell, otherwise they run out
somewhere down the road, just like your car when it runs out.

Where does this replacement oil come from? All of the major companies
are discovering less than they sell. They are replacing it by buying
proven reserves from other companies. How long can that last? Even
now it is a difficult game.

Every single gallon of newly discovered oil will cost more to find and
produce than the year before. Less profit = less money for
exploration and development of new reserves.

The very best way to drive the price of oil right through the
stratosphere is to reduce profits now, and reduce the funding and
incentives for exploration.

If that happens, and it may, best thing to do is to start up a sailing
school and buy a few old cargo schooners. (on topic)