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Originally Posted by theburningbush I know right its like a bunch of people woke up and realized that they live in a capitilist country and completely flipped out. I wonder if the stock holders of publicly traded exxon mobil are pissed because there shares went up in value. to point out one more thing for the people that think its a wild consiperacy and the gas companies are some evil empire because they have high profits guess what happens to a company and there exes when they fail to meet the same expectations. It is actualy better for a company to have steady income not fluctuating or record profits. And take a look at what futures are and you will understand why they had record profits. Its not some master plain or an evil empire. Darth Vader is not the ceo of anyone of these companies if you believe any of that nonsense you are living in a galaxy far far away. |
I read a kickass article by Thomas Sowell and he mentioned that an oil exec could make 1 dollar a year (some execs actually do this) and it wouldnt effect the price of oil in the least because oil prices are regulated by.... get this. SUPPLY AND DEMAND.