Quote:
Originally Posted by imagesinthewind
So, I get it.
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I disagree.
Please don't quote me, but I beleive XOM owns ~3% of world oil reserves, CVX less, and the rest of the US based companies so little they hardly matter.
None of them set the price for a barrel of oil.
Your complaints should be directed to OPEC for controling output, BRIC for using too darn much and our Fed Gov for creating roadblocks such that exploration is all but impossible except in deep water and that new refineries can't be built due to EIR's to increase our refining capacity.
Where you you when big oil was floundering in the 70's & 80's when oil was stuck at $10 a barrel. I dont think oil broke $30 until almost 2000. Did you bang your drum for them then lobbying for tax credits or bailouts?
Run $10 for 37 years at 3-3.5% inflation and tell what you think you should be paying a barrel.