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Originally Posted by junjobx2199
The oil industry has done business for so long in an unfair way that any change will be unnoticeable or ineffective to prices. This time around, we need to regulate the new blooming Hydrogen fuel, so we don’t wind up back at this point with that fuel alternative.
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This kind of logic is the same kind that breeds the mindless comments by our socialist senator. Oil companies do business just like all other kinds of business. Every company that was every formed and publicly traded was founded on the basic principle of turning a profit. At to be quite frank, they aren't doing that good of a job of it when compared against other industries.
The oil company’s profit margins have actually dropped over the last quarter. But I'm assuming you understand what that means, which I probably shouldn't since you also don't understand the supply and demand aspect of the equation. When the demand for a commodities rises, but the supply doesn't, then prices are going to rise my friend... this is economics 101.
The next aspect that affects our prices at the pump is the falling value of the dollar, which relates to wasteful spending, feeding private industries with government subsidies and many other aspects of our poorly managed federal government. Even with this in mind that you want a federally regulated industry, like they've ever regulated any industry that doesn't turn into a total disaster. The hydrogen industry will be the future TSA and DMV of transportation.
Finally, with anyone from 12-20% of what you’re paying at the pump already going to taxes, and 57-72% percent going directly into the purchase of the raw materials, how exactly can you come up with the hair brained idea that the oil companies are operating unethically. Oh wait, you didn't understand what made up gas prices and were just reiterating what you heard on some talking head show, try doing some research and thinking for yourself, you'd be surprised at what you can stumble across....
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