Gas prices falling!
With the gas prices falling daily, I hope the oil companies are doing OK? I can`t imagine their profits are very high right now? I hope they can make it through these rough times! :B
Forum Discussion
dodge guy wrote:Are you kidding me? Oil companies make BILLIONS of dollars and prices have just started falling. I'm pretty sure thay have plenty of reserve cash on hand. Your free to donate to their relief fund though.
With the gas prices falling daily, I hope the oil companies are doing OK? I can`t imagine their profits are very high right now? I hope they can make it through these rough times!
:B
The Saudies again declined to reduce production, so there is a world wide glut, and consumption in the US has declined. This may be a ploitical move on their part in order to degrade rival economies that are dependant on oil revenue. While this helps the US economy as people are again buying big vechiles, the last laugh will be theirs when they decide to limit their production and drive up the price.
