Oil companies don't need a reason any more to raise prices, they already know the people will pay more. It goes up and people complain then it goes back down, just never back as low as it was, funny how that works! Then you throw in the stupid government into the mix with rules and regulations and all hell hits the fan and again people do nothing but whine and pay more. So who is really to blame?
Just pure greed from both sides.
If you believe Exon and the other big oil companies operate on a 6% margin of profit, more power to you, I don't believe that. On paper they can prove anything. But I agree, the governments take way to much. The government needs to be stopped and big business could be delt with I think.Exons net profit margin is about 6%. Feds take about 9% up front, and my old state takes a good 12%. So who is the greater evil?
I heard a couple of years ago, and if I remember correctly, it was said that we could continue to consume at the rate we do now, for something like 150 years, even increase our consumption, ad pay less than a dollar a gallon. I don't know how accurate that is, but I know the deposit in the Dakotas is huge.All of this crap would be moot, if we could just access our own oil and gas. We already have enough to run the country for many years.
All we need is to stop the government interference and the environazis.