Quote:
Originally Posted by Reggie Dunlop
So then co-opting into the racket by buying into oil stock is the only hedge a consumer has? Thanks, Tips. Great stuff. Everyone should do it - even better just nationalize the industry.
Milk and Bread companies appear to be thriving. Bakery and grocery outlets aren't claiming subsistence existence.
If teh oil bidness is held in lower esteem then it's their own damn fault. Claiming poverty is bad PR.
|
Yeah that would be brilliant, watch the prices rise even higher and the shortages begin!
If you're wondering who is making all the money you might want to look at OPEC. This year they are making over a Trillion dollars. While our publically traded companies are raking it in as well even ExxonMobil is a piker on a worldwide scale. Also before trashing gas retailers for taking out ads in newspapers understand that there are multiple places in the oil value chain and independent gas retailers are price takers and have no control over what price they sell at.