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Oil company stocks? sell em or hold em?
Since oil companies have been buying out and tampering in the prices of many commodities, would you be willing to sell them all in protest of their actions.
What some may not know about oil companies:
They will tamper with prices of everything that threatens their trillion dollar a year profits. They buy corn to mess with the prices. Why? to make ethenol less competitive. As they buy the corn it drives up the cost, due to supply and demand.
They bought out majority stocks on leading battery technologies to stop highly efficient electric car batteries.
I have for many years heard of them buying out patents on high efficiency carburators and vehicles.
So it seems they are not interested in conserving oil. They lie to our faces on commercials and advertisements.
So would you do it? would you stand up and say we arent taking your gas price gouging anymore? We arent gonna stand for your technology sabotage? Would you sell your stocks today?
2 Answers
- 1 decade agoFavorite Answer
Keep an eye on the engines running on water like the US army is testing out right now.
- 1 decade ago
I plan to buy more shares of Conoco Phillips, Exxon Mobil and Shell and BP. Where in the world are you getting your assumptions from? Why are you assuming that it is bad for an oil company to buy corn futures and more importantly, why are you assuming that they buy so much that they can drive up the price of corn? Your religious demonizing of oil companies is mind boggling. How old are you? Has it every occurred to you that their 'highest gross profits ever' are BEFORE DEDUCTING EXPENSES, INCLUDING TAXES and that their NET INCOMES AFTER EXPENSES AND TAXES ARE DEDUCTED ARE AVERAGE? Why are you assuming that they are lying to us on their tv commercials? At $3.00 per gallon American gasoline is the cheapest on the planet because America has done the best job of suppressing demonizing religious zealots such as yourself. Yes you are a religious zealot who follows the secular religion dogma of the mindless power for power's sake left. Go google on 'potential pareto optimality' and then come back and demonize if you can.
