Gas prices

[tw]

Originally Posted by ravenranter

You've read about the obscene profits made in the petro industry, right?

So you read an article about one companies profits and assumed it is everywhere? Over the past 15 years, the oil industry underperformed. And currently, many in the oil industry are not making large profits. The large profits are mostly by a few well located businesses - not a function of the entire industry. And that industry is simply averaging out after a previous decade of unspectaculor profits.

You read about that part also? Or did your just assume that spectaculor profits by Exxon meant all are that profitable?