Wednesday, January 23, 2008

Oil Companies Pulling in Even Bigger Profits

Well, with all of us suffering from high gasoline prices, as well as increased costs to heat our homes, you'd think that the oil companies, who get all of their oil from the Middle East, would be hurting a bit, too. I mean, their costs have risen, and all they really do is pass the oil from Saudi Arabia to us, with a little profit, right?

It seems that little profit really is BIG PROFIT. Not sure how they get away with this, other than the fact that we're hooked on the crude and we cannot stop using it. I'm not one of those folks who would suggest "boycotting" the gas stations or anything like that, but how can we stop these guys from ripping us off?

I don't want Congress to step in. Every time they step in to "fix things," it seems they put the fix on us. After all, in the last 50 years, what has Congress done?

But the profits the oil companies are reaping are grotesque. (Translation: I wish I was an oil company!)

What's a consumer to do? I don't know. It seems we're all beholden to oil and all of its derivatives. Do you have any answers?

Exxon tries for new profit record on back of $100 oil - Jan. 23, 2008