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Old 10-27-2005, 07:34 PM
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Originally Posted by GottaDiesel
Ok. So we're all paying more for gas because the price of oil went up. Right! I seem to remember posting something about this a while ago that it was all BS. Turns out I was 100% right.

Read this:
http://today.reuters.com/business/newsarticle.aspx?type=ousiv&storyID=2005-10-27T164201Z_01_ROB743705_RTRIDST_0_BUSINESSPRO-ENERGY-EXXON-EARNS-DC.XML

Read it slow, it is the largest profit of ANY company in HISTORY.

But we're paying because we can't produce. Riiiiiight. God, people are so dam stupid it makes me crazy!

If I had the time I'd look for the post I did a while ago about how oil would have to be $100+ to be at the prices they were charging us for gasoline, etc.

I guess my question is, do you think people will EVER wake up or just keep being sheep?

Pete
I suggest you add, "Wealth of Nations" to your reading list. Also, Das Kapital." I'm curious which you find more appealing.

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Old 10-27-2005, 07:38 PM
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Quote:
exactly how do we do anything about it?
I purchased a couple thousand shares of XOM at $49. Should have sold at $65 but the dividend is kinda nice so I still got it.
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