Quote:
|
Originally Posted by Falcon Coupe
The fuel companies are actually making less profit with the inflated prices, they pay world price for it and sell at a fixed price per unit, high price means they sell less.
|
I dare say you are incorrect in your statement there. Exxon attributed their record $40B profit last year, partly to high oil prices.
If pressed, I will find the release to prove my point.
Anyway, oil companies make what they make. They just pass the wholesale cost on to the consumer. Their 'margins' will always guarantee a profit under just about any circumstance.
What I don't understand is that governments all over the world are making more revenue... in other words, our federal govt is making almost twice the money that they did 18 months ago just from fuel excise alone... yet they see fit to introduce additional (carbon) taxes. Go figure!