07-31-2008, 03:10 PM
Quote:http://money.cnn.com/2008/07/31/news/compa...dex.htm?cnn=yesI am not known for my 'pro big business' points of view, but I don't see the problem.
Ya know, if high crude oil prices were really that tough on big oil, big oil couldn't turn those kind of numbers. I know Exxon missed profit estimates, but still, appx. $1,490 profit per second is a bit much.
There is no tendency in the west to buy cars that consume less and there is no tendency to don't drive when not necesarry. People can pay these prices without problems, they just whine a bit. If I would be an oil company I would charge even more.