[quote=Billyk;166500][quote=centrider;166457]
Quote:
Originally Posted by Billyk
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As if Big Oil will give up its profit margins. quote]
Every day I hear about Oil Trading at x dollars on Wall Street. Can anyone prove that Big Oil is controlling the action on Wall Street? Nope. Is Big Oil making big bucks? Yes. Are countries in the Mid-East and South American making big bucks on oil? Yes. Has any of these countries "nationalized" Big Oil in there sphere of control. Yes. Has Big Oil lost a bundle with this process. Yes. Does Big Oil spend any of their profits? Yes-the ethanol research at the University of Wisconsin is funded by SHELL OIL. Can anything be done about Big Oil's profits? Yes-many individual and governemental actions can alter the course. It is not Big Oil or OPEC that is the cause of over $100 barrel oil prices.
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Certainly it is the demand for a limited oil supply which is driving the price. But one can wonder why the CEO's are making those big bucks.
So, what dya think, Big Oil will give up it's big margin? Historic highs? Certainly the small owners of the the now almost defunct privately owned gas station would agree they're not making a bundle. Where's the competition? How many companies were there in the 70's, 80's, and 90's? What does consolidation mean?
Less competition, bigger margins. Watch for one of the oil companies to suck up the ethanol production in the mid-west.