man…all this retarded crap about how Oil companies are making enormous profits really irritates the piss out of me. First off, while the media loves to spit out the fact that Exxon made like $8B in profits last quarter, they intentionally ignore that their profit margin is only 8%. Is that outrageous? I don’t think so. I mean it is a friggin business right? They are supposed to create stockholder wealth right?
I’t just ridiculous how the media and the ignorant people of this country are up in arms about all this. First off, for every gallon you pay over 40 cents of tax, that to me is insane. So while Exxon made like $8B, the Government made like $16B. And then you got all the hyprocrite politicians on both sides of the aisles up in arms about the greedy oil companies. Just pathetic.
What really is causing the high prices? Or perceived high prices? One major reason is there is this silly little thing called Supply and Demand. In the last few years a couple of big customers have entered the global oil store, namely China and India. Everyday in Beijing, something like 6,000 new cars enter the roads. Incidentally, cars use gasoline. You multiple that across all the growing cities in these hugely populated countries and your supply starts to get stretched. And honestly as this happens, the US market becomes less and less important in being able to affect the price, since we’ll be 3rd in line. Compared to other places in the world, gas is still dirt cheap. In fact, gas is cheaper than water in this country, and i don’t hear people bitching about that.
In the meantime, I like to use high gas prices as my excuse for everything, it seems to be the “in” thing to do.
“I didn’t go to work today, gas prices are just too high to drive there”
” I didn’t mow my grass this month, too expensive, what with high gas prices and whatnot”
“I’m not taking vacation this year, I mean that extra $4 at the pump is killing me”
“Honey, I can’t talk the trash out today…high gas prices”
and so forth…feel free to add your own hardship story…