Replies to post #10501 on Value Microcaps Motherboard

[Argyll]

gilead

You seem to mistake an iteration of the facts with a political view. I am not talking politics. I am pointing out that extremely profitable oil companies, who were making money at $20 or $30 a barrel, are now making almost twice as much with the same or even less cost of production. These are, in fact, enormous and obscene profits based on a supply shortage.

Those are facts which they themselves will tell you. It's not a political view. Personally, I'm in favor of prices going up if it helps shift to other sources of energy and greater energy efficiency.

Is it gouging? Perhaps, as none of the oil companies need to charge $50 barrel to get by.

Try to just read the facts and not lay your own political preconceptions on them.