Anybody who trades stocks can tell you the oil companies only make ab 8% profit on their product.THE GOVERNMENT MAKES MORE OFF OIL/GAS THAN THE ACTUALL COMPANIES THAT DO ALL THE WORK MAKE.8% PROFIT WOULD PUT EVERY OTHER COMPANY OUT OF BUIS.iTS THE SPECULATORS WHO ARE MAKING ALL THE MONEY AND SETTING THE PRICE OF OIL.SIMPLE SUPPLY AND DEMAND.If you can sell your product for $130 bucks then why would you accept 90 bucks for it???If 130 bucks was too high ...the price and demand would fall...DUH
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.