-
Raise your hand if you have screwed over americans
10:13:16 am on May 21, 2008 | # |
Raise your hand if you enjoyed screwing over americans via huge profits
BP America Chairman Robert Malone, Shell Oil President John Hofmeister, Chevron Vice Chairman Peter Robertson; ConocoPhillips Executive Vice President John Lowe, and ExxonMobile Senior Vice President J. Stephen Simon are sworn in on Capitol Hill Wednesday prior to testifying before a Senate hearing on oil prices.
via msnbc
Chris 11:49 am on May 21, 2008 | #
supply and demand??? wtf?
demand did not increase by 350% over the last 5 years
give me a break
Juliius 3:42 pm on May 23, 2008 | #
yar … demand will actually go down for uS and probably for Europe too. I mean did the oil company’s profit margin/percentage increase? If I make 2 cents or 20 cents for every dollar of stuff I sell - I sure as heck don’t want the government (and the public) breathing down my neck just ‘cuase I sold 800 billion dollars worth of whatever it is I sell. Higher volume sales leading to higher volume profits shouldn’t lead to higher volume scrutiny.
http://www.marketoracle.co.uk/Article4793.html
bucky 7:49 am on May 24, 2008 | #
true just because you make a profit doesn’t mean you made it illegally. but you would think that the cost of gas going up would decrease their profits, as their core product now costs more. its not very often that profits increase when cost of production increases, in a competitive market that usually means profit decreases.
but then again the oil companies don’t really have any competition do they.