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Automotive News & Views Are gas prices fueling your pain? 
10042 messages, Last post on Jul 12, 2008 at 3:07 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: flash11 (Apr 22, 2008 4:22 pm)
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Replying to: tpe (Apr 22, 2008 5:05 pm) I have no problem with companies wanting to be profitable, or even being profitable. But saying in one breath that they're at the edge of solvency and begging the government for a handout, and in the next breath announcing record profits sounds more like a scam, doesn't it? As for the China thing, the price was in an article I just read this week and was dated recently. When I get to work I'll go dig it up.
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Replying to: snakeweasel (Apr 22, 2008 2:11 pm)
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Replying to: bpizzuti (Apr 23, 2008 2:25 am) You bet it does! I could see if Exxon, Shell, etc. were having big losses or just eking out miniscule profits, but they are making profits that are the envy of other companies, even very profitable ones. Why do they want to derail the economy for their benefit? Why are they trying to kill the golden goose? Do they know something we don't? Is science on the breakthrough of an amazing alternative energy source that'll render Big Oil obsolete so they're trying to make as much as they can before it all ends? I see Congress recently had the heads of the big oil companies before them, but nothing seems to have come of it. I think gouging the American people during time of war is treasonous and these guys should hang!
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Replying to: lemko (Apr 22, 2008 5:50 pm) A month or 2 ago oil was $100/barrel. as of yesterday it is about $120/barrel, a 20% jump. Now gas doesn't always go up the same day as the crude ... but look at what you were paying 2 months ago and today; about a 20% increase right? My new house has oil-heat; I'm more worried about the cost to heat it than gasoline. I'm going to be cutting/chopping/hauling some wood this summer - good exercise and free-heat. |
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Drive. What choice do I have? 
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Replying to: lemko (Apr 23, 2008 4:00 am) Congress calling in the CEOs of big oil was pure political grandstanding.
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Replying to: tpe (Apr 23, 2008 5:16 am) If oil is that expensive, and the "oil" companies are STILL making huge profits, then that means there's LOTS of room to lower the price of gasoline and they could still be profitable. Incidentally, it's not Canada and Mexico setting prices. It's the oil drilling companies operating IN Canada and Mexico. And sometimes that's also ExxonMobil, Chevron, BP, etc. Venezuela is a different story of course. 
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Replying to: bpizzuti (Apr 23, 2008 2:25 am) A lot of people are losing homes that they never should have qualified for to begin with. So if they get foreclosed upon they are simply where they would have been in had it not been for the loose lending standards. |
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Replying to: tpe (Apr 23, 2008 5:27 am) This does not absolve them from their predicament but the lending practices that brought them on were so unethical they are close to criminal.
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