Is there a relationship between the cost of crude oil, refined gasoline, and the price of gasoline at the pump? I noticed today that the price of crude oil futures for February deliveries rose 5.3%. The cost for reformulated gasoline…
I find the latest concern by oil companies over the plummeting price of crude rather amusing. They would have consumers believe that unless oil rebounds immediately to a profitability point of $75 a barrel the industry will suffer, exploration will…
Barack Obama’s suggestion that the government finance stimulus payments with oil companies’ profits is the most outrageous proposal I have ever heard. These companies already pay up to 50% in taxes.
Think of the implications. If the government can take ExxonMobil’s…
