The Gas prices we deserve Options

[Blitz]

This is a good read


http://www.realclearpolitics.com/articles/...s_they_des.html

[Kleerance]

Who owns the Oil Companies?
The stockowners - very simple just check the owners list which is public info.



Here is a newsflash to everyone; corporations pay no taxes, they plan for the taxes they will have to pay and add it into the cost of their product it's called OVERHEAD

Yeah right.... In Norway everyone incl. Transocean, Conoco Philips, Exxon and all other oil company pays 80 % tax! If a company want to drill oil in Norway you pay 80% tax.



I know in the US we pay less than most other countries. A lot of that has to do with the value of your countries currency, the size of their market. and other issues.
Of course. You are right about about your currency, not the other two statements. It's complex, but when Oil (and any other commodity for that sake) is valued in USD - of course this is realted to your weak currency. US has debt above their head - which make them poorer towards other countries. The value of US is the value of the dollar. Europe still have the same buying power any which way the US economy is going. But the oilprices has surged in Euro as well, but not so much as in USD.



For a 16 months or so I warned about this scenario which is developing here in the forums. I remember especially Snot Rocket had a quite different view. To me these oil prices is not a shock. However from these levels I would not go long oil. I'll think the USD will raise somewhat and the oil and commodities will plunge. We'll see.