In this time of unstability throughout the market place, there is at least one that still stands. Exxon Mobil had the highest profit again in 2009. Absolutely remarkable!!!!! When we as consumers hear about the cost of oil and empty our wallets at the pump, they are still No. 1.
How can this be? Obviously I am in the wrong business as are most of everyone I know. I could see them being in business and successful but to remain in a top spot while gas is draining everyday citizens resources is just a little perturbing.
They do devote an allotment towards research - is it research to see how they can make more profit? I just don't understand then all the talk of oil, prices, transportation, wars, consumption, etc. if they are in that good of shape. Can someone please explain the situation to me - I mean besides supply and demand?
We can dictate human rights but we can't control a company who is raking billions of dollars off of those who are struggling!?!
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I don't think it has anything to do with supply and demand. The US has enough oil supplies and reserves to take care of our needs. I know that the Auto manufactures wanted a cleaner, more refined fuel for the new type cars they we're building. The end result was the refinerees used that as an excuse to rise the prices. And once they got the price up they wasn't about to lower it. Interesting blog.
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