jetcareers - View Single Post - An honest, informative discussion on energy/oil

DenverPilot8 · May 8th, 2008, 12:21

[quote=granlistillo;867876]

We are approaching the exact type of crisis that caught up to us in the carter years. Hi oil and gas, inflation and higher interest rates.

Interest rates are very low right now..

I heard on NPR that eventhough Exxon Mobil made a 10 billion profit last quarter their cost of crude production and materials has gone up 70% while the prices at the pump have only gone up 30%.

May 8th, 2008, 12:21	#14
DenverPilot8 Junior Member Join Date: Mar 2007 Posts: 120	Re: An honest, informative discussion on energy/oil [quote=granlistillo;867876] We are approaching the exact type of crisis that caught up to us in the carter years. Hi oil and gas, inflation and higher interest rates. Interest rates are very low right now.. I heard on NPR that eventhough Exxon Mobil made a 10 billion profit last quarter their cost of crude production and materials has gone up 70% while the prices at the pump have only gone up 30%.