SI
SI
discoversearch

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.
Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?


To: cosmicforce who wrote (97741)3/13/2005 3:59:46 PM
From: Brumar89  Read Replies (1) | Respond to of 108807
 
The "politicians taking away oil company earnings" comment was was directed to the national oil companies that SA, Kuwait, Iraq, Iran, Mexico have. The statement is accurate and the result is under-investment in exploration and new technology on the part of those companies.

I'm not sure you're aware of it but corporate profits are not the cause of high oil prices. Supply - demand remains in charge of that.