Quote:
Originally Posted by Strangler Lewis
The Ben Stein article is fine as far as it goes, but most people hurt by high gas prices are a long way from retired. I know a number of families that have cut off their balls--i.e., sold their Tahoes, Silverados, etc. and downsized to minivans or bought a smaller used car for errands--because they can't afford to fill up the tank.
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Who do you think is to blame for the high gas prices? Some believe that Exxon-Mobile et. al. is to blame (because E-M made $12 billion last quarter). It ain't them. Look at the cost for a barrel of oil which is well over $100 ($107 as of Thursday), up from about $50.00 in January 2007.
And for those who think that $12 billion is 'too high', look at it from a percentage perspective (all info from the respective companies' Income Statements on finance.yahoo.com):
Exxon-Mobile: 10%
Disney: 12%
Apple: 16%
Sears: 17%
Microsoft: 29%