I know its not computer security related, but I just had to post this.
Why are prices so high when record profits are being made?
Because they can. Simple as that.
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Specter and Co. grill big-oil execs on record gas prices, companies’ profit
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“With the consumers suffering so drastically, not only at the pump but big issues on heating oil for the elderly - especially in a state like mine, Pennsylvania - don’t you think that gives some cause for wonderment and questioning as to why profits have gone up so high?” |
The executives of the five major U.S. oil companies, which reported total profits of $36 billion in the first three months of the year - were summoned before the committee to answer that question. They said, essentially: “Don’t blame us - it’s the law of supply and demand.” |
“Is there anybody here that has any concerns about what you’re doing to this country with the prices that you’re charging and the profits that you’re making?” demanded Sen. Dick Durbin, D-Ill |
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