Posted By: jerryc1968  on Monday, April 21, 2008

Yeah, that 9% is so obscene...oh, right, record sales always means record profits.



What's obscene is no new nuclear plants or refineries in 30 years. What's obscene is tax rates on every level of production plus over-regulation of the energy industry.

Posted By: jerry camp  on Monday, April 21, 2008

Yeah, that 9% is so obscene...oh, right, record sales always means record profits.



What's obscene is no new nuclear plants or refineries in 30 years. What's obscene is tax rates on every level of production plus over-regulation of the energy industry.

Posted By: Mike Fladlien  on Saturday, April 26, 2008

Record profits are proof that oil companies compete in a perfect competition market.  If raising the price increases profits, then why haven't oil companies raised the price before?