About the CEO's on TV:
The U.S. consumes about 21 million barrels per day, and they get just under 20 gallons of gas per barrel, so that's about 420million gallons of gasoline burned every day.
Based on these charts:
http://www.energy.ca.gov/gasoline/margins/
46 cents per gallon profits to the oil companies
52 cents per gallon profits to the government
I thought it interesting that they'd post the oil companies business model to the public while they themselves continued to skim about a million dollars per day (Over the oil companies profits).
Perhaps their own books need going through as carefully?
Please don't get me wrong, questions need to be asked everywhere (oil execs
shouldn't be immune either) but it seems like our State and local governments should put the citizens first.
Georgia suspended its gasoline sales tax for a couple of weeks, but not before the craze was already 2 days old and the stations were running out. (They couldn't deliver it fast enough for the extreme demand)
Delta Flyer wrote:
Quote:
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The root problem is the American public has not mandated their elected leaders to implement a serious energy policy
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I believe you are right. Just look at driving habits today vs a month ago.
I understand they still believe the +30 year old coastally clustered refineries will last forever, and still refuse any further domestic oil explorations.