Re: O.T., GAS UP

Posted by daniel in sc on May 21, 2007 at 11:39:14 from (72.155.172.122):

In Reply to: O.T., GAS UP posted by NEsota on May 21, 2007 at 07:24:14:

well i call it greed. When billionares who have more money than they could ever spend in their life raise prices to get a billion more $ what do you call it? i doubt it cost them any more $ to pump oil out of the ground from an established oil field. how much does it cost to pump one gallon of crude out of the earth? probably less than 10 cents. and it doesn't cost them $2.90 to refine it and ship it.

True demand has grown. Supply has also grown. remember that vast oil deposit they found in the gulf of mexico a few years back? it has been tapped and producing every day. yet prices rise daily. on the today show matt lauer was interviewing the ceo of exxon, and he was saying that prices rise becaue of supply/demand and matt asked him how come yall had record profits the last quarter and the ceo didnt answer. Greed is what they call it down here.

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