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Energy

Big Oil's investment: stock buybacks

As giant oil companies like Exxon Mobil and ConocoPhillips get set to report what will probably be another round of eye-popping quarterly profits, just where is all that money going? The companies insist ...

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Bossy Gillis
AOL
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#1
Jul 22, 2008
 
This "oil crisis" will be over soon, they pulled the exact stunt back in the 70's.
Honestly
Allentown, PA
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#2
Jul 22, 2008
 
Bossy Gillis wrote:
This "oil crisis" will be over soon, they pulled the exact stunt back in the 70's.
I tend to agree, the signs are there. Bush and the Oil Men seem to have made their goal of personal gains. So he pulled the plug by okaying drilling from the White House perspective. The price per barrel dropped. He also admitted that the economy has a problem. When gas prices rose daily, there was not problem.
snowman Allentown PA
Bethlehem, PA
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#3
Jul 22, 2008
 
I would just love our government to tax the windfall profits on the oil company. Then you would see either the tax money being added to the gasoline price or they would cut down on the amount of gasoline that would be sold. Don't expect anything from congress because they don't want to do anything.
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