1. Exxon mobil made a $41 Billion profit a year ago. I call that gouging. Plain and simple.
2. 100 years ago Teddy Roosevelt broke up Standard oil by getting competition to lower the price. Rockfeller and his henchmen were crooks, plain and simple. His Mafia like business practices in the late 19th century and early 20th century are disgusting.
3. The oil companies are much fewer, for example. Exxon/Mobil---use to be separate companies. Chevron/Texaco---used to be separate companies. Phillips/66 (I think)--used to be separate compaines.
I will say that the government is also to blame for high prices by having to many regulations to build refineries.
One fella says, "buy the stock of those oil companies so you can profit too" the stock price is too high now and the dividends are poor. less then 5% for Exxon/mobil.
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Today's Featured Article - The River Tractor - by Charlie English Jr.. This is a 4010 John Deere that was used to farm on the Diamond Island which is in the Ohio River about 15 miles southwest of Evansville, Indiana. About ten years ago, this tractor was parked close to the bank as the river was washing the bank of the island away.
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