quick to support worldwide. Can he really represent national interests beyond 1% oil/gas industry making quick profits?
@ @ Typical of industry,internalise the profits & externalise the costs.Coal,Oil,Drugs,Chemicals,Agriculture & Nuclear.
is it logical to expect the oil industry to seek competing fuel while making huge profits now?
is anyone interested to sink money into a product that will eliminate the original, very profitable product he/she is selling?
Why should the (monopolistic) oil-industry throw their huge profits into any industry that will destroy their current
For a couple reasons. First is marketing. They know their customers are concerned about alternative fuels and will respond positively if the company is investing in finding alternative solutions. Second is future profitability. Eventually, oil prices
That would be a 46 percent fall in net profits compared to the $16 billion earned by the industry in 2010, the association said Wednesday. For the Asia-Pacific region, net profits are expected to reach $3.7 billion, down from $7.6 billion in 2010 and
Aegean Marine Petroleum Network Inc. (ANW) swung to a fourth-quarter loss as the Greek shipping-fuel supplier's results were hurt by softness in the maritime industry and amply supply of marine fuel, which led to lower gross spreads.
I urge everyone to contact their federal and state representatives and have them look into this matter. It's time the oil industry is stopped from harming the economy and raking in huge profits based on false facts.
Higher oil prices continue to weigh heavily on airline stocks as new forecasts predict increased fuel costs will drive down profits by as much as 46% in 2011. On Wednesday,the International Air Transport Association revised its industry profit downward