This is a very interesting article I came across yesterday on CNN Money. Check it out.... you will absolutely cringe.
http://money.cnn.com/2008/07/31/news/companies/exxon_profits/index.htm
Things I don't understand:
- Why gasoline prices are still so extremely, ridiculously, outrageously high- when the oil companies claim they are doing all they can, yet make record breaking profits. Don't understand.
- Why when CNN Money says the average gas price is $3.89 per gallon (the average price one year ago=$2.85), yet in Utah we are still paying upwards of $4.17. Don't understand.
- Why the oil companies aren't regulated more strictly. There are hundreds of abandoned oil rigs out there with oil sitting under them. The government should be able to regulate why abandonment occurs. Don't understand.
Go to this site and see what you think.... Interesting.
http://money.cnn.com/galleries/2008/news/0807/gallery.energy_solutions/index.html
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