When we raised chickens a couple years ago, they got so fat that their legs couldn't support them and they broke- Do you know how hard it is to put a cast on a chicken?
Have you noticed rising food prices?
When the price of a gallon of gas almost doubles, the price of everything has to go up. It stands to reason that gasoline is an important part of all our lives. Yes, prices are going up and they will keep on going up as long as the oil companies keep on extracting the obscene profits that they are making.
Hey Juan: I heard that the U.S. congress is going to put the hammer down on the speculators- these guys are the real culprits,not necessarily the Oil Companies as their profit is based on a three percent margin- but these speculators are driving up the price of Oil just as speculators drove up the prices of real estate and gold- as I said before no one should be able to buy oil unless they have a facility to refine it. That will at least put a damper on the volatile rise in prices.
Yes. I should have said oil companies and speculators. Profit takers add nothing to a product. On the other hand the oil companies made unbelievable profits in the last few years.
Exxon broke the record it previously had set for profits by a U.S. corporation, earning $40.6 billion last year. It earned $11.7 billion in the fourth quarter, or $2.13 a share, up 14 percent from the fourth quarter of 2006. Revenue for the quarter rose 30 percent, to $116.64 billion. Exxon's profit for the year came to $4.6 million an hour.
Now Ontario Hydro (or whatever they want to call it since it privatized) is going ahead with the nukes they shouldn't have killed twenty-five years ago. Hydro rates are guaranteed to go nuts. Will I notice grocery prices? No ... I'll be gone - not likely starved to death - or I'll be in prison. Three hots and a cot are a better deal than they're giving me now and I have an axe to grind with the Province of Opportunists