Sunday, November 19, 2006

I recommend to you theoildrum.com

Entry for Thursday, 22 September, 2005


If you are interested in the subject of oil and oil production, then I recommend a site to you:

http://www.theoildrum.com

I visited the site for the first time today, and there was a lot of interesting information. Of course, the main topic at this moment is Hurricane Rita. There are links to several good maps showing the locations of oil rigs in the Gulf and possible hurricane tracks.

I heard elsewhere today that gasoline could hit $5.00 per gallon if the storm comes anywhere near the main clusters of refinery platforms just to the east of Houston around Galveston. Since the latest news shows Rita turning more toward Galveston than Brownsville, I imagine the oil companies are gleefully anticipating wrenching up the gas prices. In case no one else has noticed, the oil companies made record profits this year - billions with a "B" of dollars. So, class, why do they need to keep raising gasoline prices?

Good question, you say.

Frankly, the only reason I can think of is greed. The unaccountable CEO robber barons are at it again - price gouging for the sheer joy of making you part with your hard earned cash, even though they don't need it. And even better, making you use your gas credit card so they can charge you usury on top of the sinful prices they're already charging.

Do you still think these companies have their customer's best interests in mind, class?

If you do, you may as well stamp "sucker" on your forehead - or your wallet. Pick one.

No comments: