RE: [Az-Geocaching] Gas Prices

It's good to see someone else observant to that as well! They are raking in
some mega bucks... and no one (you know, our wonderful government) seems to
be stepping in to regulate it.

I dont need any lesson in economics to know when I am getting ripped off!!!
Where's Clark Howard when you need him?! Maybe he has an answer!!! :) LOL

Scott
Team Ropingthewind

>From: "Brian Casteel" <bcasteel@uccinc.net>
>Reply-To: listserv@azgeocaching.com
>To: <listserv@azgeocaching.com>
>Subject: RE: [Az-Geocaching] Gas Prices
>Date: Thu, 10 Mar 2005 11:21:23 -0700
>
>Economics lesson aside, the oil industry is so powerful that I don't
>believe
>the same rules necessarily apply. They control the economy in more ways
>than I care to count. Product can't move without oil, which is used in the
>engines and is the base compound for the fuel that drives those engines,
>among other things.
>
>Exxon Mobil Corporation (NYSE:XOM) Monday reported fourth quarter results.
>Net income of $8,420 million ($1.30 per share) was the highest quarter ever
>for the Corporation. Net income increased $1,770 million from the fourth
>quarter of 2003, which included a special item of $2,230 million relating
>to
>the settlement of a long-running U.S. tax dispute. Excluding this special
>item, fourth quarter earnings increased $4,000 million.
>
>Revenues and other income for the fourth quarter of 2004 totaled $83,357
>million compared with $65,952 million in 2003. Capital and exploration
>expenditures of $4,233 million in the fourth quarter of 2004 were down $127
>million compared with last year.
>
>
>
>Record earnings during a time of record crude oil prices are more than a
>coincidence in my mind. I can't wait to see what their Q1 2005 results
>are,
>now that prices remained steadily above $50/barrel.
>
>
>
>Brian
>
>Team A.I.


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