How come oil companies will most likely post record profits?

And they say that there is nothing they can do about the price of GAS.





It doesnt make sense, they defend the prices saying there is nothing they can do about production or demand etc.





That would be fine if they made a loss or even if they made less profit than last year.,





Yet year on year they make more money than the year before.How come oil companies will most likely post record profits?
Because the President is in the oil business.How come oil companies will most likely post record profits?
Large developing countries like India and China are buying more oil and our country won't allow oil drilling off shore or in Alaska or even for more refineries to be built. Therefore there is less oil to go around more people which drives the price up. Add to that problem, now large companies are speculating on oil and it drives it up higher. Part of my 401k is invested in oil, so that helps in one way, but paying so much at the pump offsets any gain. We need government officials that aren't afraid to anger environmentalist and start drilling in areas that the US controls while simultaneously encourage (through tax credits or whatever) alternative energy. If we don't find an alternative, we are going to pay more and more.
they have the green light from you precedent bush that is why the scams do so much profit.but the public do nothing to stop them.Americans have to much trust to their government,and follow them to the slurred house.why all trucks and cars block the streets and let their .truck and a cars and let them for a week,and you will see Wat will happen.the government will force the oil co,or the government will collapse.
the answer is politics. Coming from an oil drilling family, i often ask the same thing. Problem is we buy over 855 of our oil from other countries. Hey we go to Iran and piss them off they pretty much say ok, im gonna raise your the cost of my oil to you.





In my opinion the American Political system is what raises gas prices. Wehave pissed off so many people that have control over us.





Plus OPEc pretty much sets your prices. Bush and Shell and Exxon mobil, they dont set gas prices par say. Overseas countries set gas prices.
We need the government to help us out but they too have their share of the profits. There is a lot of corruption going on involving people that have enough money for 8 lifetimes.
Because they're dickheads, duh. They don't give a crap about the consumer, unless it means making more profit.
Because we keep buying their products. Time for some different energy sources.

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