Originally Posted by
WhizWheel
Ok well that one really put me in my place. Bottom line is that your theory of the evil oil company CEO is flawed as to the reason we are all paying $3+ per gallon.
This is why I do not like to engage in long discussions on formats such as this. People jump in the middle of discussions and jump to conclusions without finding out what my real position is.
Look, I have not called oil corporation CEOs "evil." Nor do I think the current rise in oil price has a direct correlation to the rise in oil corp CEOs' salaries and benefits. However, we do feel the phenomenal rise in oil price and hence oil corp net cash flow are reasons for exhorbitant oil corp CEO payoffs.
But the real issue is I, among many others on this forum want to find out why the oil price keeps going up at the rate it is going up, when there is no shortage of oil supply and the demand for oil has been dropping in the US, according to many experts. I've heard all kinds of explanations from the rise in the cost of oil refineries to inflation, and weak US Dollar. What people like Papacharlie, myself and many others on here feel is that these explanations just do not cut it. Not when we read financial reports that indicate 3 digit increases for the oil corps in the first quarter.