If all that profit was returned in gas price reduction it would amount to
about one tenth of a cent per gallon. No one complained all the years they
were loosing money. They also need a large r&d budget to find new oil if the
US politicians weren't so stupid and blocking them from doing their job...


"Steve Hix" wrote in message
...
In article ,
Jumpin Jahosaphat wrote:

On Tue, 29 Apr 2008 06:25:52 -0700, Lars wrote:

tealth (still flying) Pilot

Swedish government just passed a bill that will put the price of 100LL
at SEK 18 per litre. That is 3 US$ per litre or about 11 US$/gallon. I
heard that US truck drivers are protesting about gasolin prices in the
range of 3-4 $US/gallon. Get a grip, oil is a limited resource and we
all have to pay (much more) for it to appreciate its real value. And
yes, I am still flying, but for how long...

/Lars

The problem Lars is the price is artificially inflated to a big degree.

Like with various taxes.

As proof, in the US companies must annually report their profits. Last
year Exxon reported a profit of $4Billion US. Which is the largest profit
of ANY company of ANY product anywhere in the world, including all these
Cartel countries. The problem is one of gouging on the part of certain
companies.
John

Don't be so sure of that.

For starters, look at what companies like that will have to spend in
R&D, developing new field and processes, etc etc etc.

They're not just taking the profits and locking them up in the bank.