Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tomas who wrote (53625)	10/27/1999 11:55:00 AM
From: William JH	Read Replies (1) of 95453

At my age, I should be accustomed to media distortions, but I guess I never will be. Last night, CBS news had a piece that claimed gasoline prices were up 34% this year, due to greedy OPEC. Up 34% from what, the absolute low of last year, where domestic energy producers as well as retailers were going broke? Where I live, gasoline prices are right in the range they have been for the last several years, in spite of the fact that there have been two 5c per gallon county tax increases. Facts don't often enter into energy price debates, but I wonder how many people realize that pension funds, colleges, and the like have large stakes in companies like Exxon and Chevron, or that a gallon of gasoline has about 40c in taxes included in the price. Cheap energy is now an entitlement.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next