Quote Originally Posted by kydonky View Post
I think you may need to rethink this. Exxon Profits ^^^^^ 7 billion in 3 month span, Chevron ^^^^^^^ billions in 3 months (quarterly) earnings. Oil goes down-----gas goes up.

Blame Government if you like, but that is not going to fix it.
I have a hard time with words so I am going to quote a friend from an aviation forum i frequent...

"You need economics 101, profit margin and total profits are two very different things. You may have noticed oil is a popular product, lots of people buy it and need it.

Profit of 8% or so is constant over any amount, you are just having a little trouble wrapping your mind around the size of the business.

Once you can do without oil, you won't have to worry about how much people sell it for, but that isn't going to happen anytime soon.

In fact the government takes about 42 cents on every gallon of gas sold and the typical oil company makes about seven cents. Do the math on that." - Jungle

This guy knows his sh*t... I will find the links to all the information that backs this stuff... I was actually in agreement with don that oil companies were to blame til this guy pointed me in the right direction and i did some research... Now I understand how teh government getting involved is just bad.