Originally Posted by Spott
They would bring in record profits whether or not people conserved or not. They charge what they want because they can and their is basically nothing that can be done about it. The basic economic principles of supply and demand don't apply to them. It's the only industry where profit margin increases dramatically even when it's costs go up. Basically, oil companies are just ****ing everyone in the ass because they can.
The reason that they've been making record profits is because their refining costs don't increase with the price of crude, which they don't control mind you.
Oh, and last I checked, their profit margins are still right around 10%