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The Water Cooler
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Gas prices, anyone notice...
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<blockquote data-quote="_CY_" data-source="post: 2090579" data-attributes="member: 7629"><p>BS! what I'm stating is backed up by facts... tin foil, red herring my ass.. </p><p>most folks sadly don't understand economics.</p><p></p><p>in America due to the MEGA mergers that was allowed by so called regulators ... cost of production for fuel has NOTHING to do with supply and demand for almost a decade. it took Katrina 8 years ago to give BIG oil an excuse to jack up fuel prices by double almost overnight.</p><p></p><p>for all practical purposes .. there is NO competition.. no collusion needed to jack up fuel prices, BIG oil controls such HUGE regions that they simply change prices at will.</p><p></p><p>unlike software ... we've got no choice but to pay what ever is charged for fuel to get to work. no one has to buy Apple... they compete by offering world class products. now that Samsung is also offering world class goods, they are now dominating. vs how much difference are there really from fuel brand to brand? sad truth is we've got NO choice but to pay what ever is charged to get to work.</p><p></p><p>BIG oil extracted $1.135 Trillion dollars from US economy in 2011. when numbers comes out for 2012, should be the same or slightly higher. there is NO way yanking that much $$$ out of US economy and not effect it. higher fuel prices are one of the main causes for the worst recession since 1929.</p><p></p><p>conoco/phillips gross sales for 2011 according to sec filings is 230.56B</p><p>apple gross sales for 2011 according to sec filings is 108.6B</p><p></p><p>Exxon Mobil gross sales for 2011 according to sec filings is 433.53B</p><p>BP Amoco gross sales for 2011 according to sec filings is 234.25B</p><p>Chevron gross sales for 2011 according to sec filings is 236.54B</p></blockquote><p></p>
[QUOTE="_CY_, post: 2090579, member: 7629"] BS! what I'm stating is backed up by facts... tin foil, red herring my ass.. most folks sadly don't understand economics. in America due to the MEGA mergers that was allowed by so called regulators ... cost of production for fuel has NOTHING to do with supply and demand for almost a decade. it took Katrina 8 years ago to give BIG oil an excuse to jack up fuel prices by double almost overnight. for all practical purposes .. there is NO competition.. no collusion needed to jack up fuel prices, BIG oil controls such HUGE regions that they simply change prices at will. unlike software ... we've got no choice but to pay what ever is charged for fuel to get to work. no one has to buy Apple... they compete by offering world class products. now that Samsung is also offering world class goods, they are now dominating. vs how much difference are there really from fuel brand to brand? sad truth is we've got NO choice but to pay what ever is charged to get to work. BIG oil extracted $1.135 Trillion dollars from US economy in 2011. when numbers comes out for 2012, should be the same or slightly higher. there is NO way yanking that much $$$ out of US economy and not effect it. higher fuel prices are one of the main causes for the worst recession since 1929. conoco/phillips gross sales for 2011 according to sec filings is 230.56B apple gross sales for 2011 according to sec filings is 108.6B Exxon Mobil gross sales for 2011 according to sec filings is 433.53B BP Amoco gross sales for 2011 according to sec filings is 234.25B Chevron gross sales for 2011 according to sec filings is 236.54B [/QUOTE]
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