More pain at the pump
Forget all that bullshit about not yet passing along increased costs. Want to know why oil prices are so high? Click here. That's right, ExxonMobil earned only $104.6 million a day over the last three months. That compares with $116.6 million per day during the third quarter of 2006. Obviously this company is in trouble.
Let's see you try to make ends meet on just $104.6 million a day.
But don’t worry, the company is only $300 million behind this point in 2006, or just about three days’ pay. Another 20 cents per gallon should easily make up that difference, and then some.
Of course, that raises the problem of how to earn even more next year. I’m no economist, but I think even higher gas prices might be part of that strategy. So take a good long look at the price of gasoline. It will never be this low again. Sure, there will be a dip right before the 2008 election, but by then $3.30 a gallon will look like a fucking bargain.
And I guess it’s just a coincidence that Thanksgiving and the busiest travel days of the year are coming up. Just like the price spike on Memorial Day weekend was a coincidence.
Labels: All About the Oil, Follow the Money, I Heart Corporations, Rich get Richer
1 Comments:
Supply and demand ave anything to do with this? i am no Bush fan, but I dont think this can be blamed on him. BP,AGIP and other European companies are all charging equivalent prices.
Luis Venitucci
Adenzeno@yahoo.com
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