Has anyone noticed that gas has almost reached $4.00 a gallon – and likely has in some parts of the country? Is my post from March 22 starting to resonate with you? Once we get used to $4.00 a gallon, then they will slowly raise the price to $5.00 a gallon. This is the same thing they did to get from $2.00 to $3.00 and now $4.00.
I would also like to point out something else that most of you might have missed. I saw the list for the fortune 500 companies and probably to no one’s surprise, Wal-Mart is number one. But guess what company was number two? Yep – Exxon-Mobile. But here is the rub of it. While Wal-Mart pulled in a little more in revenue for 2007 – $351B to Exxon’s $347B, guess which company was most profitable. Yeah, Exxon. They made $40B in profit in 2007. In case you missed that let me say it again –that is FORTY BILLION! Wal-Mart only made $11B in profit. I am not sure, but I think Exxon could afford to lower the prices of gas just a bit.
Oh and let’s not forget the other gas companies – Chevron is number 4 on the list and made $17B in profit. Conoco Philips (76 Stations) is number 5 on the list with $15B in profit. Even the little known Valero Energy was 16 on the list and made $5B in profit in 2007. Please don’t tell me that these petroleum companies need to make this much money in PROFIT every year. Don’t worry, I am sure that they use these profits for the good of all mankind. I am sure they will spend most of it on lobbyist and politicians to ensure that any clean air or alternate fuel legislation never gets enacted by Congress.
I am really starting to wonder why this is not regulated by the government. Talk about taking advantage of a situation. They really have us over the barrel.
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