Why Are Gas Prices So High?

Why do people STILL think that the high gas prices are not due to greed?

Royal Dutch Shell PLC reported a 33 percent jump in second-quarter profits Thursday, its biggest quarter ever at $11.6 billion thanks to high oil prices and the weak dollar. The company earned $8.67 billion in the same quarter last year. Shell said its selling price per barrel of oil was around $112, up from $64 a year earlier. http://news.yahoo.com/s/ap/20080731/ap_on_bi_ge/earns_netherlands_shell More:Exxon Mobil Corp. reported second-quarter earnings of $11.68 billion Thursday, the biggest quarterly profit ever by any U.S. corporation Profit is not a thing of which to be ashamed but THIS IS NOT BEING USED FOR DEVELOPMENT OF NEW RESOURCES as one poster has said. It is pure greed which drives our gasoline prices over 1000% of their actual value. the test market of 1973-74 proved to them that we WILL pay, the global 'cooling' scare of '75 proved to them that we will believe the lies and now they are putting that knowledge to use.

Public Comments

1. compare the price of gas (petrol for Australaians) in Saudi Arabia and see how ripped off the world is. Meanwhile Australia sell off billions of lires of LPG to China etc at less than 1 cent per litre, when our motorists pay 60 -70 cents currently
2. Well, what do you expect when our airwaves and the media are allowed to be almost completely owned and controlled by corporations? They've been using that power to brainwash people that greed is a good thing, that it's none of your business how corporations make money and how much of it. That you're a loser if you criticize anything about the capitalist system. Americans have internalized all of that so well they now have a mental paralysis and are petrified to think otherwise for fear of being labelled a "socialist" of even "leftwing". Dictators around the world should learn from the American power elite about how to control their own population and make them fearful for life.
3. well I'm not one of them.plc companies are out to make a profit which they want to/does increase yearly. Unfortunately unless there is a dramatic change in attitude the consumer will be the one that suffers.and its not as if these natural resources are inexhaustible
4. Because the people that DO believe it know absolutely nothing about economics or oil companies. They never consider the cost the oil companies have searching for oil, investing, nor the big risk they take. The greedy ones are the government owned oil fields that have no competition nor any oil companies.