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Originally Posted by Mazer
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.
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actually, the oil companies are reporting reporting record profits, this year and last. oil being the essentially commodiity that it is, the option to reduce consumption is quite limited. notice any less traffic on the road when prices go up? me neither...