On 4/26/2011 4:28 PM, Nicholas Geti wrote: > Give me a break. Who do you think is making fat profits from $4.00 gasoline? > And why do you think it is fat profits anyway? Europe pays a heck of a lot > higher for gas than we do and they are not complaining about fat profits. > Just because you think prices are high doesn't make them obscene. It is > called free market. The American people can switch to small cars like in > Europe and solve the higher gas price problem. But no, people are still > buying the bigger cars and trucks. > > My guess is the ones making any profit are the commodities traders. Most oil > companies hedge their bets by buying/selling oil contracts well into the > future. Any immediate spike in gas prices does not accrue to them. Neither > do gas station operators make a profit; they have to buy gas at higher > wholesale prices. The state of Connecticut allows only a certain markup over > wholesale so forget them. Truckers don't make any profit either plus their > costs are going up.
See the link I just sent: http://newsbusters.org/blogs/scott-whitlock/2011/04/26/abcs-jon-karl-bemoans-obscene-profits-oil-company-behemoths I guess you should tell these news folks that they're wrong to say "obscene" too? _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
