Disturbing News
A friend of mine this morning shared this article with me regarding what the Big Oil Companies are doing with the landfall of money, that they are oddly getting during an oil crisis. Not sure how. Think about it - You are saying that the supply for a product is far lower than the demand. It is costing your company much more money to conduct business - so how then are you making record profits? Are you also increasing the overhead charge to your consumers beyond the percentage you maintained before?
Say you spend 140 dollars per barrel of oil(this site covers that). A barrel yields 42 gallons of gasoline, so you are paying $3.33 per gallon of gas. The consumer, however, is now paying in some cases 5 dollars per gallon of gas, or 150% of what you paid! Nice profit.
A year ago Gas was at like $65 per barrel (Costs the buyer of said barrel $1.54 per gallon) and consumers were paying on average $1.60 per gallon, or 103%!
How is it that we now pay that much more percentage wise of the whole?
GREED
