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Originally Posted by theknife
of course someone is richer for it - where do you think the additional money goes?
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It goes to suppliment the revenue losses resulting from reduced sales caused by high gas prices. In the end the equation is balanced: fewer people are paying more money for the same amount of gas and the oil companies' profits change not at all. Of course this does improve their solvency so invester confidence rises, followed by their stock prices. Yeah they're getting richer, but they ain't doing it off of us consumers, they're doing it on Wall Street.