Originally posted by macmax Exxon had not reported a dime in earnings for some years and suddently they reported 5 billion last quarter, and you still think that what u said is true?
Yes absolutely. You fail to understand how oil figures into the world's macroeconomic system. First off, Exxon doesn't get most of their oil from foreign sources. Secondly, the greater demands from China and India are what's fueling oil's high price points right now. "Moreover, the idea that oil companies sell gasoline only through their branded service stations, and therefore if you don't buy gasoline from Shell-branded gas stations you're not sending money to Shell, is wrong. Oil companies sell their output through a variety of outlets other than their branded stations; as well, by the time crude oil gets from the ground into our gasoline tanks, there's no telling exactly where it came from. (A good deal of the crude oil purchased from Russia, for example, is oil from Iraqi fields sold through Russian middlemen.)" http://www.snopes.com/politics/gasoline/saudigas.asp