Oil is at $96 a barrel
12-04-2008, 05:40 AM
#11
Originally Posted by S2KRAY,Dec 4 2008, 09:35 AM
Why do you think the oil companies are enjoying record profits. Maybe they should bail out the auto industry.
12-04-2008, 06:45 AM
#12
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There is an article in this week's Business Week that predicts that by 2010 oil prices will begin to pass global supply and push prices near or even above $100 a barrel. Stock up now! 
12-04-2008, 11:39 AM
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The California state tax on gasoline is 46.2 cents per gallon, and each county is allowed to tack on their own tax as well. I think Orange County (where I live) is around 15 cents per gallon.
12-04-2008, 02:09 PM
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Perhaps the government should bailout the auto industry with the record 34 billion in corporate taxes Exxon paid in the last 4 quarters. But, I suppose they spent that money already.
12-04-2008, 07:09 PM
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12-04-2008, 07:12 PM
#19
Originally Posted by cordycord,Dec 4 2008, 11:09 PM
12-04-2008, 07:21 PM
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I don't care if it drops to $5/barrel, we need a cohesive energy policy where we don't need to rely on foreign sources of energy, for security purposes as much as anything else. The next time the Middle East explodes, we can watch quietly from the sidelines.