:: eyedot ::: images information ideation ::

:: EYE (anatomy), light-sensitive organ of vision in animals.
:: EYE (verb), to look at to look at something or somebody inquisitively.
:: EYE (noun), an ability to recognize and appreciate something; a point of view or way of thinking.

[::..archive..::]
April 2003
May 2003
June 2003
July 2003
August 2003
September 2003
October 2003
November 2003
December 2003
January 2004
February 2004
March 2004
April 2004
May 2004
June 2004
July 2004
August 2004
September 2004
October 2004
November 2004
December 2004
January 2005
February 2005
March 2005
April 2005
May 2005
September 2005
December 2005
January 2006
February 2006
March 2006
April 2006
May 2006
June 2006
July 2006
August 2006
September 2006
October 2006
November 2006
[::..political..::]
:: media matters ::
:: watchblog ::
:: cost of war clock ::
:: doctors w/o borders ::
:: hungersite ::
:: second harvest ::
:: working assets ::
:: democracy now! ::
:: common cause ::
:: ACTIVISM LINKS ::
:: daily mojo ::
:: gary hart ::
:: this modern world ::
:: people tree ::

[::..comix..::]
:: get your war on ::
:: scary go round ::
:: get fuzzy ::
:: explodingdog ::
:: penny arcade ::
:: homestarrunner ::
:: dieselsweeties ::
:: orneryboy ::
:: perry bible fellowship ::
:: butternutsquash ::
:: this modern world ::

[::..music..::]
:: WFMU streaming radio ::
:: accuradio ::
:: 20minuteloop ::
:: bjork ::
:: onelovehiphop ::
:: erp ::

[::..random + cool..::]
:: boingboing ::
:: fark ::
:: mit ocw ::
:: abebooks ::
:: ursula k leguin ::
:: jon cornforth photos ::
:: sylvia ::
:: lucas krech blog ::
:: noodlebox ::
:: lot47films ::
:: nakd ::
:: lynn fox ::
:: nooflat ::
:: jeff bridges blog ::
:: novica ::
:: ugly dolls ::
:: gama-go ::
:: presstube ::


:: 7.30.2004 ::  



"Pennies on the gallon" added up

I have now read 3 stories in as many weeks about the 2- and 3-fold increases in profits by oil companies, compared to last year. Sunoco, for one, and I just read a story in Yahoo about Chevron-Texaco raking it in, too. From that second piece:
The industry's soaring profits are being driven by oil prices that have climbed above $40 per barrel. Even if the prices decline slightly, the oil industry is likely to remain flush through at least the remainder of this year, predicted industry analyst Fadel Gheit of Oppenheimer & Co.

"As long as the price of crude oil remains above $30 per barrel, these companies will be printing money," he said.
The higher the price the better they do. But no worries, they're not gouging consumers - and the fact that spending is now weaker than it's been in three years has nothing to do with it. Really. Just watch your TV and shut up. And don't even think about calculating how much you spend on gas per week.

:: Deb 6:23 PM :: permalink :: [0] comments :: links to this post ::


Comments:



Post a Comment


Links to this post:

Create a Link

This page is powered by Blogger. Isn't yours?