Reply to $7/gallon gas is coming

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]https://www.reuters.com/business/energy/exxons-record-smashing-q3-profit-nearly-matches-apples-2022-10-28/

Exxon 20B PROFIT (not revenue)

There is your "7/gal" straight to the shareholders in the form of dividends and stock prices.[/quote]

Similar for everything that's overpriced. This has been explained over and over. Companies are reaping HUGE profits. People are paying up. So there is no reason for them to lower prices again. You want to blame someone, blame corporations and their greed. Much easier, I guess, to continue to lie and say it is Biden's fault. What else would I expect from the GOP. [/quote]

If there is more oil available for drilling, then the oil companies will sell more at a lower price.  Instead, with the restrictions, they raise the price so the amount sold will match with demand, rather than being out of inventory.[/quote]

When your knowledge of the intricacies of the global oil market is based on something you read about two decades ago in Econ 101. [/quote]

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