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cougarTT
post Apr 27 2007, 12:49 AM
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Can anyone tell me why gas prices always go up during holidays?
Exxon has made a 9 billion dollar profit just in the first quarter!!!! (CNN Money) mad.gif
What is going on!
Why wont the US goverment do somthing about this!!
pretty soon we will not be able to afford to use our Camper,RVs, TT

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cougarTT
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John S.
post May 5 2007, 06:45 PM
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Not that this will make the pain any easier but, the profits that Exxon earned is not the biggest growth or earnings out there. There were 36 companies that had a higher growth rate both for the year and over 3 years they were in the top 50 and over 10 years they were one of the lowest. if you want to know the reasons we have such high prices the enviromentalist do not want to have any more refineries built and have worked against them. SO we add to existing ones and when they ahve to shut it down for maintaince you shut the whole thing down not just one refinery and have the other one still producing. You will have fires and other issues when they run at 92% utilization too. There is no give in the system at all and we have not used nuclear power either to free up other oil too. If you look at the weekly numbers there has been huge builds in crude and big drawdowns in gas. Not a good thing. Means we do not have enough refining going on. It is not a problem tha occured overnight and it will take a while to straighten out. And yes if we have a hiccup we could see 4 or 5 dollars a gallon. Another thing you could do is buy a basket of refining sand oil stocks. If they make money so will you and you can sell off a few shares aver quarter and use it to subsidize you.


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John S.
2001 Foretravel U320
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