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Posts Tagged ‘price of oil’

Why or why not?

France gets 80% of their electricity from nuclear energy. They are hardly bothered by the price of oil going up and global warming.

Shouldn’t we be doing something to regulate the profiteering by the oil companies? I’m all for a free-market, capitalist system (I’m a republican at heart), but to allow these greedy bums to make billions in profit each quarter and then to claim that they’re just passing the increase along to the consumer is BS. To add insult to injury, they can’t even keep their pipelines and refineries in good working order. What the heck are they doing with the money they’re making? Oh, yeah…they’re giving themselves 6 billion dollar bonuses. Anybody else think my way? If not…tell me why I’m wrong.
First of all Sean, I don’t plan on ever spending 400 bucks a month in herbal tea, so you really can’t compare the two. Secondly, why don’t you just come right out and tell us that you either work for one of the oil companies (and are delighted everytime there’s a fake scare that jumps the price of oil so that your portfolio increases). The actual stock price of oil isn’t based on reality anymore. Any and all BS reason that the oil companies can come up with to raise prices are what they’re about. Don’t deny it. 400 million bucks for the pay-off of the retired fat ass at Exxon a few months ago is ludacris. He should be put in jail. I would love to start my own gas company, but as you already know, the big oil companies are in collusion and would never let any one else succeed in setting reasonable prices. Nice try…

… the past handful of years?

Have consumer prices for electricity and natural gas gone up roughly the same percent as the price of oil (or fuel oil) over the past handful of years? Or, are people who heat with natural gas and electricity not seeing nearly as large of a jump in the prices they pay compared to people who heat with fuel oil?