Rising gas prices are hurting the oil and gas companies. That's BS!!

[TexasNative]

Just look at the two-year stock tracks for some of the major oil and gas companies.

The president and his friends would have you belive that the rising consumer prices are bad for the industry, too. I guess that's why they're giving away more federal dollars to help them weather this horrible business climate.

Yeah, it looks like these companies are on the brink of financial disaster.

[SaSin2K4]

Econ 101, anyone?????

Demand of consumers make the prices up.

Other factors such as CHina and India growing having a need for it raises prices.

Supply and Demand, its the way the world market works.

[TheLadiesMike]

Wouldn't it make sense to have stock prices be higher 1) over time since they almost always grow over time and 2) in a recovered economy as opposed to the recovering economy we had back then.

BTW, seeng as Oklahoma has a lot of people with knowledge about oil - my friend's parents own mineral rights and make very little off of it. The money is made at the refinery level - and environmentalists have long prevented new ones from being built. When you limit supply - prices rise.

[Hantler]

Originally Posted by TheLadiesMike

Wouldn't it make sense to have stock prices be higher 1) over time since they almost always grow over time and 2) in a recovered economy as opposed to the recovering economy we had back then.

BTW, seeng as Oklahoma has a lot of people with knowledge about oil - my friend's parents own mineral rights and make very little off of it. The money is made at the refinery level - and environmentalists have long prevented new ones from being built. When you limit supply - prices rise.

well that's the dilemma. Build more refineries and have prices go down yet probably destroy the environment at a faster pace or listen to environmentalists and don't build more refineries and have more years here on Earth. Our choice. We may not have to live with it but our children and grandchildren will.

[Crusian]

The president and his friends would have you belive that the rising consumer prices are bad for the industry, too.

Industries that use petroleum products as feedstocks are paying much higher raw material prices.

Since the economy is growing briskly right now, and supplies are tight, most of them are able to pass on those costs to their customers.

[PHANTOM21]

this topic is just a little too cerebral for the cantina

[RocketMan]

Yep!! They all posted record profits *AND* "your representatives" just signed into law a 1.5 BILLION DOLLAR subsidy for them to *REALLY* let them know that the current administration favors BIG OIL *way* over the citizens...

[Uncle_Rico]

how about why the hell are we in iraq for oil, wait it's to get more control, when we get about 70% of our supply from mexico. we are there biggest customer.