Now you might not understand this, but for those who are worried about the co2 in the atmosphere, the rise of the price of oil is a good thing? If we the people find that the price of gas is too high, well us middle class peoples will drive less, if we drive less there will be less carbon pollution. Now how you might ask has that anything to do with the greed of oil companies making record profits? Oil companies price their gasoline against the price of oil and refining turning a profit. Well the government is telling us no we can’t lease lands to explore for oil. The companies are also looking at the use of gas that will be declining in the future, therefore there is no need to invest in search for oil and new refineries. Sooo, if you take a hard look at the record profits of oil companies it’s not as bad as those whining people would have you believe.Buy back and dividends, what else should here profits go?…..
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