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Originally Posted by SecretMethod70
Hey now, I never said anything about blaming the oil companies: that's the Clinton-McCain drum. As I mentioned in another thread: our oil prices are only just starting to accurately reflect the environmental and political cost of our oil consumption.
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My bad. I have gotten so used to oil companies being blamed, and the need to tax their "excessive" profits. Some don't seem to recognize the difference between increased revenues, net profits-measured in dollars, and profit margins. Additionally, as indicated by the relative consistency in profit margins over time, some don't realize that increased costs (even increases in taxes) are passed to consumers. The real answer to reducing the price at the pump is for government to regulate in a manner that will allow increased supply of oil and gas in the market.