Did you hear that the oil companies just bought off Russia?

"Denier!!! Heathen!!! Unbeliever!!!"

= Dana's answer

I sometimes get the impression that people think oil executives hold clandestine meetings where they unilaterally decide to set the price of oil and gas in order to maximize their profits. After maniacally laughing about how they are gouging the American public, they then go swimming in pools of gold ala Scrooge McDuck.

But there's a problem with that theory. Even though many oil companies are reporting record profits, many people forget just how expensive it is for energy companies to engage in the oil business.

The average net profit margin for the S&P Energy sector, according to figures from Thomson Baseline, is 9.7%. The average for the S&P 500 is 8.5%. So yes, energy companies are more profitable than many others...but not by an inordinate amount

I heard about this yesterday and that there are a load of other real scientists about to break cover

A lot of people are saying that this is the real reason why Copenhagen has failed

Remember we were all sold on the so called facts of Global Warming and that humans cause it.

Is this the beginning of the end for global warming?

When did a private think tank based in Moscow suddenly become equal to all of Russia?

I heard they bought a pink giraff too.