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Bush on $4 gas: 'I hadn't heard that'
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[QUOTE]Originally posted by Propertymanager: [QB] [QUOTE]that's the real problem... it's not environmental whackos and socialistas, it's anti-trust violations unchecked...[/QUOTE]Ridiculous! This is a very simple supply and demand issue. If more oil were being pumped and there was a glut of oil on the world market, prices would come down. If there was less demand, even with the current level of oil supply, prices would come down. The fact is that China is growing rapidly and if their growth continues for the next 10 years, China will use all of the world's oil production (at today's rate). That means that over the next 10 years, either more pumping of oil needs to occur or prices will dramatically increase. The environmental wackos are preventing the US from drilling for oil in ANWR and off the continental shelf in many locations; have prevented us from adding nuclear power plants; have stopped windfarms off shore; complain that wind turbines kill too many birds, etc, etc, etc. They are directly responsible for many of the problems we have today. [QUOTE]it would only take TWO months of profits for Exxon to build ONE more refinery and that includes the costs of all the envrinnmental impact statemnts too....[/QUOTE]If you think the oil companies are making such obscene profits, you should put your money where your mouth is and buy oil company stocks. Better yet, put together a group of investors and start your own oil company! If I believed that there were obscene profits to be made, that is exactly what I would do. [/QB][/QUOTE]
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