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Jim Jim is offline
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First recorded activity by BoatBanter: May 2007
Posts: 144
Default Bend Over for 'Big' Oil


"HK" wrote in message
. ..
JoeSpareBedroom wrote:
"HK" wrote in message
. ..
GALLUP NEWS SERVICE

PRINCETON, NJ -- The latest Gallup panel survey finds the public bracing
for continued rising gas prices this summer. A majority of poll
respondents expect gas prices to reach the $4.00 per gallon level in
their local area this summer, though only a small minority expects it to
reach the $5.00 mark. Roughly two in three Americans say they have
already been affected financially in some meaningful way by the high gas
prices. The public most often mentions oil company greed as the reason
for the high gas prices, though it also mentions other more practical
reasons such as problems with refineries.



They'll mention whatever the talking heads tell them to mention as
reasons. Remember "increased demand in China"? That's the reason I heard
for the latest run-up. Same thing last year. But, when the price dropped
last year, nobody said "decreased demand in China". I don't listen any
more. The only info I'd believe would come from Rex Tillerson, who was
being waterboarded in return for real details about the pricing scheme.
All other explanations thus far are an insult to our intelligence.



The "problems with refineries" reason is a tad too predictable. There's no
reason to doubt "refinery" and big oil greed, though.


It's pretty hard to ignore big oil's announcement of record profits every
quarter. Maybe it's time to sell the boat and buy Exxon Mobil stock.
Jim