ANSWERS: 3
  • Record Profits for Oil Companies..
  • Oil companies executives ONLY!!! Well, maybe the politicians they "lobby" to support them (Cheney and W?) too. The distributors, retailers, and tax-collecting governments are not getting a red cent extra and may actually be losing money in many cases.
  • OPEC nations, other countries with large oil volume production and taxing entities. The price of gasoline does not increase oil company profits. The price of a barrel of oil does and oil companies do not have control over the price of oil. Supply vs. Demand does that. Instability in the Middle East, the higher taxation rates, environmental constraints on domestic drilling, and the bottleneck of refining capability due to the lack of any new refineries being built in 30 years due to governmental restrictions and controls, mostly environmental, coupled with the increased demand have the most impact on gas prices. You can't have it both ways.

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