Woody's Things

Ramblings and Opinons of an old man!

Simple site to log thoughts on current events and activity. Please feel free to give your comments.

Don't Blame Oil Companies for Higher Gas Prices

Maybe a little economics 101 - Oil Companies have stockholders, possibly even you. The companies responsibility first is to the stockholders who invested in them, no not Billy Bob who they may have hired. ANY, increase in operational expense could cut what the INVESTORS get out of their investment...which could cause the stockholders to bolt putting the company in trouble and costing Billy Bob his job...

...so the easy fix is to pass this on to the consumer - SO don't blame the Oil Company for higher gas prices!

White House seeks new fees on offshore drillers - The Hill's E2-Wire