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Originally Posted by Razor
Record oil company profits speak for themselves.
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And what do they say? With all this 'conspiracy theory' talk, I really wonder why the oil companies make a lower profit margin than about 1/3 of the S&P. Just what *does* that say?
I could provide links, but I get tired of people posting the stuff they want to believe, and then leave it to others to do the searching to prove/disprove their point. If you think there is something other than normal market forces going on, please post reliable information and references so we can learn from it.
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all that oil in Alaska and off the coast of Florida isn't going anywhere. It's just future profits for the oil companies.
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Ummm, and a future supply of oil for us that we may need at a critical time? Sounds smart to hold some back for a 'rainy day'. Even with conservation and alternative renewable sources, petroleum will still be used for some special needs - be a good idea to have some around, I would think.
You really want to pump it all out and use it up as fast as we can? Why?
-ERD50
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