Ok, You probably think that I am going to bash Exxon-Mobil, actually I am going to defend them.
Let's start with the so-called record profits. I will agree, the total dollar volume is a record. Big deal! For Q1 of 2008 they have made a whopping 9.3% net profit. Compare that to Apple, Inc.'s 14% for the same period, or how about Google's 25% profit. Isn't a company allowed to make a profit? Isn't this The United States Of America?
I am so pissed off at everyone who blames high fuel prices on the oil companies. Do you want to know who is to blame for the high prices? YOU ARE! YES, YOU! In case you attended a public learning institution, here is how it works, the more demand for a product, the higher the price goes, when demand decreases and supplies increase, the prices goes down. Since oil is in high demand worldwide, the price will continue to spike until it reaches a point where no one is purchasing it anymore, so until that point in time fuel prices will remain high. So deal with it, quit your bitching, quit pointing the finger at the oil companies, quit blaming it on the President, sit back, relax, have a coke and a smile. It's all going to be ok.
Oh, while I have your attention, let me also mention that it is not Exxon-Mobil, nor any other oil companies JOB to find alternative renewable energy sources. They are oil companies, they buy, sell, and refine oil. I don't hear anyone hammering any other company to invent a product that will put themselves out of business, do you? Doesn't make much sense.
Anyway, thanks for reading along, and have a great day!
J.R.
