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El_Phil said:
1. Oil Company. Company. It's their job to make money, it's like complaining about a cow eating grass.
2. I'll put money that their profits will be up. And that most of that will NOT be from petrol, it's the other uses of oil that make money, petrol is a minor part of their trade.
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1. How much profit IS ENOUGH? Where should we be looking at profit versus being taken to the cleaners. All companies are in business to make money, I understand that part. Most companies have competition within their product line. Wouldn't it be nice to have an alternate fuel source for them to compete with? Most companies now operate as borderline monopolies. They buy out their closest competitors and leave the weakest of their competition to survive.
2. All oil products must still be refined into their final state. Oil, gas, tar, plastics, what ever the final product is, it must be refined! We should be experiencing a shortage of plastic shortly! I guess all those "blacktop" road projects will be at risk too!