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Doug Kanter wrote:
"Bryan" wrote in message m... " JimH" jimh_osudad@yahooDOT comREMOVETHIS wrote in message m... Regardless, I do not agree with or want folks to feel better about the way the oil companies are raping us. I have posted facts supporting that position, including posting of the billion dollar profits of Exxon and the million dollar payoff given to the retiring CEO of the same company. As much as I'd like to blame bush, aren't these oil prices less related to bush tactics and more related to increasing world demand and static or decreasing world supplies. You'd think, except for one thing: The price swings are too fast to reflect world demand. How quickly did we just go from $2.50 to $3.00? Three weeks? Demand most certainly did NOT increase by the same proportion. This is nothing but a game. Until we have a "hard" solution, I have an idea. Get futures traders the phuque out of the oil business. They serve no useful purpose. "Oil prices rose due to fears of this that or the other thing....". Bull****. Exactly... astronomical profits for a few... misery for the masses. |
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