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reasons for high gas prices  |
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Replies: 21 Last Post July 21 11:54am by Elm
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Elm
Dairy Product Addict
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Quote: from Demon Army at 7:13 pm on July 17, 2008
Quote: from Elm at 2:56 pm on July 17, 2008
They don't gouge prices. The oil companies make around 10% profit, much less than the average retail store. You want to call it gouging because its an easy way to place blame and soothe an emotional pain of frustration. It is illogical and in total contradiction to the facts - oil companies are easy to blame because they don't have a face so you don't feel bad calling them evil. Humans piss me off so often with their unwillingness to use their own intellect. 
Exxon Mobil made $40 billion dollars profit last year. I would not call that razor thin.. IE they could make less without falling in to the red. So why are they charging so much for gas is they can stand to make less money? If we can't blame the oil companies, who would we blame? The Arabs? The Socialists? Our best friends the Canadians, largest supplier of US oil? Actually, you are right. The big evildoers here are the emerging economies in Asia that are siphoning an increasing part of the available oil to fuel their growth. Thanks to our aid they have been able to break out of the third world, and it's their fault the oil is running out. And RE: intellect... this is a teen forum. If you want intellect, go to Mensa. 
Yes and they had to spend approximately 370 Billion dollars into order to take in 410 billion which is 40 billion in profit. You don't seem to be considering that 370 billion dollars. There aren't any "evildoers" here, just because you don't like the consequence of a rising demand doesn't mean it is evil. If it doesn't rain and there is a water shortage -who are you going to blame - Evian for gouging prices for what you want to pay for? The municipality for raising public water prices because they have to pump in water from far away and that costs money? Really blaming some conjured "evil" is very simple minded and should be above anyone who posts in a political forum. The resource is waning and becoming more rare while demand for it goes up, of course its going to go up in price and that isn't factoring in how weak the dollar is which increases demand further (OPEC mandates oil bought from them be paid in dollars).
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9:58 pm on July 17, 2008 | Joined Dec. 2006 | 180 Days Active Join to learn more about Elm Pennsylvania, United States | 2995 Posts | 4887 Points
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runthespread
Dairy Product Addict
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Wow, I was let down to see your explanations so limited. If Environmentalists aren't justified in their positions, then something's wrong. The bigger issue is not the cost of gas, it's the cost of America's dependence on gas/oil. It's not a simple "oh you're hungry, eat another slice" sort of deal, it's fixing the need for that. Don't you know an empire has to be self-sustaining to survive?
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allsmiles
Soothsayer
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I'm pretty sure that most of the problem is the failing US economy reducing the value of the dollar. I don't know why OPEC insists on tying oil to a failing currency :/ the Euro would be a much safer and wiser decision when it comes to potential currencies, if it has to be fixed in the first place. Gold standard would be better. Gold doesn't suffer from such severe loss of value.
------- When they leave me, they're all smiles. When they leave you, they're in tears.
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