Quote:
Originally Posted by Reggie Dunlop
Yup, and newspaper ads aren't cheap. Neither are PR firms.
Building up levels of convulution pretty much is what the oil industry does for their own self-preservation. I'd appreciate it immensely if they just came clean about it (after all, they are the great champions of free enterprise).
They hold onto a commodity and god love 'em, they are maximizing it. Stop crying "hard done by." It's an insult to consumer intelligence.
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Building up massive amounts of ignorance is what the general public does.
Your problem and many others is assuming the oil companies is represented by the retail signs you see when you drive around. Those businesses for the most part are simply borrowing a brand, and MAKE VERY LITTLE PROFIT. Yes the large companies they represent do, but each gas station is basically a frachise owner and/or operator who squeezes out a 40 - 60 grand profit a year out of it.
The producers are a wide range of companies ... 100's of them in Alberta alone and are not 'holding on to the commodity' they are pushed around by the same market pressures that move the price of the commodity around as the end user is. They are benefiting right now that's for sure, but it's not from 'holding' the crude back from the public.