Hi
I believe I heard this morning that Valero oil co. had 400% increase in profits last year or this year. These companies aren't stepping up production techniques to get more oil to us, but are sure making the money. I used to work on drilling rigs and when prices went up, drilling companies and new rigs were popping up everywhere there was oil that used to be too expensive to get out of the ground. I think the general public is getting a bad deal. Probably way too many politicians in oil investments.
Mark
I believe I heard this morning that Valero oil co. had 400% increase in profits last year or this year. These companies aren't stepping up production techniques to get more oil to us, but are sure making the money. I used to work on drilling rigs and when prices went up, drilling companies and new rigs were popping up everywhere there was oil that used to be too expensive to get out of the ground. I think the general public is getting a bad deal. Probably way too many politicians in oil investments.
Mark