Here's your chance to let you voice be heard in Washington considering the high fuel prices. This link is to the WI gov. site supporting Gov. Doyle's plea to do something about gas prices.
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if they made that much and their proffit on a gallon of gas is around 7.3 cents(average). How much did the state and the government get with 35 cents to 80 cents(in NY)a gallon. At least the oil company has to get the oil, refine the oil, ship the gas. The government and states are just standing there with their hands out. The same government that won't let them build new refineries and explore new oil deposits. I just heard on the radio that the government made 16.4 billion the first quarter just off exxon, and think about all the others out there. People want us not to buy gas at exxon, well lets go to CITGO a company owned by a country that hates America but will make money off us.
You want lower gas prices, then tell the crazy enviromentalist to back off and let us drill, make gas from coal and built new refineries. In Saudi their price for a gallon of gas is 68 cents. Why, they have their own oil like we have but people are afraid to let us go get it. The prices are going to stay up there until we get our own supply.
Let the prices go up, until the cost of alternative energies makes them competitive with gas. Then maybe we can generate our own without burning the gas.
For those of you that have 401Ks, IRAs, etc. and complain about gas prices, you are benefitting from the oil companies profits in those investment vehicles because most stock funds hold the major oil companies which have not only appreciated in price but also pay about a 1 to 3% dividend. Many of the major oil companies also make chemicals (including plastics) which adds to their bottom line. The profit on oil is not much compared to other products. How much would a gallon of Starbucks coffee cost? $10? If a gallon of Starbucks did cost $10, then their profit must be about $9/gallon. When you look at it that way it seems insane that someone would pay that much for coffee which is mostly water. Why don't people complain about the price and profit of Starbucks coffee. If my memory serves me right, Starbucks stock is up about 100% in the last couple of years compared to Exxon Mobil stock which is up about 60% over the last 5 years. But again, funds in a 401K, IRA, etc. are also up because of Starbucks and many other stocks.
High gas prices are probably here to stay. Politicians will form committees to study the high gas prices and possible price gouging wasting our tax dollars in the process because in the end, whatever they conclude, nothing will be done. In my opinion Doyle is full of hot air again, like most politicians, and he's just saying what the people want to hear - especially since it is an election year.