Originally Posted by
CPOonfinal
Oil companies only make 10% profit on thier product. You'll be hard pressed to find another business that is successful and remains successful making only a 10% profit. The government makes more on a gallon of gas than the "Big Oil" companies. BTW, there have been several congressional investigations into the profits of oil companies and the price of oil and they've never found anything. I want lower priced oil too but I think you're pointing the blame in the wrong direction. Just a recommendation, keep your emotions out of it.
Let's ask ourselves why oil prices have shot up in the last couple of weeks. Do a little research and you'll find the answer resides in South America.....and goes by the name of Chavez.
Oil companies make 10% profit? Where did you get this figure? Let me guess from the Oil company? Or maybe you work for the oil company. Sounds like a propaganda from Exxon Mobile. Even at 10% a 10% of 10 billion is 1 billion. It's the greed of the oil industry that is squeezing the life out of middle class Americans. This is an instance where government regulation of price would do some good, that is not going to happen when you have the administration in bed with the oil industry and the congress is bought and sold for.