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[gilead23]

argyll a couple counter points

First I find it amazingly hypocritical to post to a bunch of people including yourself who are trying to make 50 or 100% annual returns that oil profits are too large.

May I remind you those profits go to their shareholders. What makes you so special that your 100% returns are not obscene but their 20% returns are?

Are you planning on returning your obscene profits or is that only for shareholders of oil companies?

Second oil prices have been stable when accounting for inflation and in fact are pretty in line historically.

Third OPEC may cut production quotas but I would love to hear about some of the companies who simply decide to stop producing to drive prices up. Other than cases where certain wells are not economical at certain prices I have never heard of it.

What I mean by a populist double standard is you find it OK for a consumer to pay as little as possible for oil but theres suddenly a problem when a company gets what the market will bear. Thats a double standard. Consumers are allowed to get the best deal possible companies are not.

As for gouging I basically don't believe anything I would call gouging exists except in exceedingly rare circumstances.

Remember after 911 how gas shot up? We are supposed to be angry at the gas station owners but are they any less greedy than the jerkoffs who rushed to gas stations to fill up their tank even though they didn't need gas?

I see all of your comments as populist nonsense as harsh as that sounds. There is nothing wrong with oil companies selling their product for whatever people will pay. Thats how the market works and it has worked quite well for a couple hundred years.