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Re: protecting your oil [message #181832 is a reply to message #181810]

Sat, 10 December 2005 03:24

Kanezor
Messages: 855
Registered: February 2005
Location: Sugar Land, TX, USA

Karma:

Colonel

Comrade wrote on Fri, 09 December 2005 21:15

Lack of refineries = problem.

While I'd love to agree with you, I can't help but notice that the oil companies netted some 8 billion dollars during these high gas price times.

I don't know about you, but getting that much money surely means they're going to spend a good portion of it on getting more refineries to help reduce the gas prices? Umm... yeah... sure... whatever... if you really want to think so. But let's face facts: building more refineries isn't good for business when you're already settings records with your current supply / demand ratio.

Edit: actually, 10 billion.

It seems the story was taken off of CNN, but google still has a cache of it Very Happy

http://64.233.179.104/search?q=cache:SMi_cDgl-F4J:www.cnn.co m/money/2005/10/27/news/fortune500/exxon.reut/+oil+company+n et+income&hl=en&start=9

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[Updated on: Sat, 10 December 2005 03:28]

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[Message index]

		protecting your oil By: #1_SEAL on Fri, 09 December 2005 19:19
		Re: protecting your oil By: Lijitsu on Fri, 09 December 2005 19:37
		Re: protecting your oil By: Aprime on Fri, 09 December 2005 20:15
		Re: protecting your oil By: Kanezor on Sat, 10 December 2005 03:24
		Re: protecting your oil By: Lijitsu on Sat, 10 December 2005 04:14
		Re: protecting your oil By: cheesesoda on Fri, 09 December 2005 19:55
		Re: protecting your oil By: SCOTT9 on Mon, 19 December 2005 15:51
		Re: protecting your oil By: exnyte on Mon, 19 December 2005 16:24
		Re: protecting your oil By: Jecht on Mon, 19 December 2005 16:26
		Re: protecting your oil By: runewood on Mon, 19 December 2005 16:45

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