April 2, 2008

The Truth Behind Gas Prices


It's all a simple matter of economies of scale. And when you consider the cash flow required to achieve these 'record profits', a 7.6% return is pretty paltry. But to understand this, you need to understand math and from my experience, most Americans can't calcuate a simple 18% tip.

If you are on of the brave, read this and this and make up your own mind.

UPDATED: Obama the savior has been on my TV claiming that he doesn't take money from big oil. Busted.

h/t: Wizbang & Doubleplusgood Infotainment

Posted by Clancy at 8:53 AM