It's Memorial Day Weekend. I'm not traveling far, so gas prices aren't a big deal to me right now. The sign said $2.39. Oh, oh, it's creeping up again.
In the most outrageous bit of irony, when demand was up...gas prices went up, but now...demand is down, and prices are still going up. And of course everyone knows by now that when we were paying 4 bucks for a gallon last year, the gas companies made record profits. Not just for their industry, mind you. But in the history of keeping track of profits of any industry.
Makes you never wanna elect an oil man from Texas to office again. But I digress.
Moving onward, it only makes sense that we have to find other ways to get energy that is renewable and cleaner to make our automobiles run and get us where we need to go. Seems like we lost the last 8 years, and we are trying to make up time. It was nice to see the automakers jump on board with increasing fuel efficiency, but so much more needs done.
1 comment:
I think you need to apply some research prior to demoninzing the oil companies regarding prices. First of all, record profits were together with record volume. Record profits along with record taxes for any U.S. industry, mind you....you didn't know that did you? It's not your fault. This fact is not often reported and often ignored. Their profit margin was 10% at most which is much lower than most industries. This fact is usually ignored as well. Do you realize the government collects more in taxes than the oil companies earn in profit per gallon of gas? The U.S. energy companies provide us with this energy in an expediate and a eco-friendly manner. Those are facts. I'm am for all energy sources. From an admirer of the industry in Texas.
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