Economy is Great!
Economy is Great!
Out of context: Reply #12
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- joyride0
I agree totally, it's crazy. But think about it this way. If your %profits are 10% per barrel of oil. If all this turmoil in the world ups the price of each barrel, your 10% is still 10%. so 10% of $35 is < 10% of $75. Could they lower the price ... yes they could. But they won't, because it is a traded company. They work for shareholders. not the good of the economy. Which is a debate. If their product is directly tied to the economy, isn't it in their best interest to keep the economy strong and not hurt it by charging $3+ per gallon. That is where we are at now. If demand slowed prices would come down. But demain has not slowed... so yeah. it just sucks. But we in effect, we OK their profits.