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The Water Cooler
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Oil Subsidies
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<blockquote data-quote="_CY_" data-source="post: 1608367" data-attributes="member: 7629"><p>your data is grossly off topic.... charts and graphs can be soooo misleading. </p><p>chart below is for 2009 to 2011 long after spike in prices/profits have occurred. </p><p></p><p>notice the time frame involved is from aug 2005 (Katrina) to 2008 when almost melt-down of world's economy occurred. no other period is more relevant. </p><p></p><p>profits at Oil companies jumped by 30x + after sky rocketing prices after Katrina. your chart's 69% increase has little to no relevance when comparing to profits pre-Katrina. </p><p></p><p>NO matter how much spin is put on the topic... FACT remains that $$$$ Trillions of dollars was yanked out of world economy by oil companies/oil producers in a very short time frame (3 years) before sending world into recession. then prices was reeled back allowing world's economy to make a mild recovery. </p><p></p><p>Oil companies are not stupid... they have armies of economist on staff... they don't want to kill the goose that lays the golden eggs. the only thing that MEGA giants fear is polititians who can change the rules. the other is sending world into a 1929 style depression. in which case everyone, including Mega Giants will lose.</p></blockquote><p></p>
[QUOTE="_CY_, post: 1608367, member: 7629"] your data is grossly off topic.... charts and graphs can be soooo misleading. chart below is for 2009 to 2011 long after spike in prices/profits have occurred. notice the time frame involved is from aug 2005 (Katrina) to 2008 when almost melt-down of world's economy occurred. no other period is more relevant. profits at Oil companies jumped by 30x + after sky rocketing prices after Katrina. your chart's 69% increase has little to no relevance when comparing to profits pre-Katrina. NO matter how much spin is put on the topic... FACT remains that $$$$ Trillions of dollars was yanked out of world economy by oil companies/oil producers in a very short time frame (3 years) before sending world into recession. then prices was reeled back allowing world's economy to make a mild recovery. Oil companies are not stupid... they have armies of economist on staff... they don't want to kill the goose that lays the golden eggs. the only thing that MEGA giants fear is polititians who can change the rules. the other is sending world into a 1929 style depression. in which case everyone, including Mega Giants will lose. [/QUOTE]
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