Originally Posted by bohunr
I dont mind paying afair share but do not enjoy being raked over the coals.
when gas was close to 4.00 a gallon exxon made something like 400 billion PROFIT in one quarter.
if gas was 2.00 a gallon wouldnt they have made something like 200 billion in PROFIT ?
with that much in PROFIT they can afford to do it right and do it cleaner.
Producing gasoline is not on a linear scale.
The price of gasoline is dependent upon the exchange rate of the US Dollar.
The Oil Sheiks do not care how much the oil companies charges the US People for fuel.
Note I did not say US Oil Companies - because almost no foreign oil companies are located in the USA, although they might have offices here.
As an example, I am an amateur radio operator. 6 years ago I purchased a simple Yaesu mobile FM transceiver $475.00
5 years later, when the dollar was worth more on the foreign market, now that very same transceiver sells for $350.00!
I lost $125.00 by buying it 6 years ago.
The value of the dollar is manipulated by the US government. Our situation was that we owed money to China that we could not afford to pay back. So our government deflated the value of our dollar so China would have only gotten about 50 cents on the dollar. China refused to take our money and loaned our country even more money to bail it out so it would not fail.
Only dumb people would believe that this house of cards could stand.
In 2009 we almost lost the whole shooting match. It was to within a couple of days of our country shutting down the banking industry - the same as 1929 and The Great Depression.
I had friends in Charlotte NC that were making good money one week, collecting unemployment - and lost their house the next!
1/3 of all the credit card companies and the banking industry was located in a circle of about 90 miles from Charlotte NC.
Even NASCAR teams lost about 50% of their sponsorship, closed their doors, or laid off a majority of their staff.
The good times were over!
I also knew guys that went to Alaska in the 70's and worked on the Alaska pipeline.
The oil companies promised us that after it was built, our country would be flooded with oil and they would be giving it away.
And yet none of the crude produced in Alaska has made it's way into the continental USA.
It is mostly shipped to Japan and other countries that are willing to pay more money for it!
Nothing is as simple as our country makes it out to be. Most everything the public is told is lies and cover up's!