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Re: oil business and profits

Posted by laima on August 18, 2006, at 16:55:43

In reply to only in the oil business, posted by Bobby on August 9, 2006, at 18:21:34

...so readers of this thread now know my brother is in the oil business, is interested in alternative fuels, while I prefer to ride my bike. I dare speculate and wonder here about something I never understood- many people say the oil industry is a particularly aggressive and profit-hungry one- but if so, wouldn't it just be easier for them if cars were more fuel efficient and they could produce (and we burn) LESS oil-they could sit back and relax-cut their costs while maxxing gains-it's not like they'd have to lower prices for their product. That throws it all back into the automobile industry's court, in the way I see it. (?)
I don't get it.


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poster:laima thread:675260
URL: http://www.dr-bob.org/babble/poli/20060809/msgs/677871.html