FYI: Gas/oil/profits... some historical data/charts/links

[radfringe]

http://inflationdata.com/inflation/Inflation_Rate/Historical_Oil_Prices_Table.asp

http://www.gasbuddy.com/gb_retail_price_chart.aspx

http://www.eia.doe.gov/emeu/aer/txt/ptb1107.html
Table 11.7 Crude Oil Prices by Selected Type, 1970-2006 (Nominal Dollars per Barrel)

just using average for Saudi Arabian Light-34° API for purposes of this post, other "flavors" are listed on the chart. Presidents are listed by year they officially took office, prices are per barrel

Carter 1977 - 12.09

Reagan 1981 - 32.00

Poppy Bush 1989 - 13.15

Clinton 1985 - 29.00

Dubya 2001 - 20.30

2006 - 50.86




http://zfacts.com/p/35.html





http://zfacts.com/p/196.html




http://www.citizen.org/cmep/energy_enviro_nuclear/articles.cfm?ID=13912


Skyrocketing Gasoline Prices and Record Oil Company Profits: No Coincidence

Since George Bush became President in 2001, the top five oil companies in the United States have recorded profits of $342.4 billion through the first quarter of 2006:

ExxonMobil: $118.2 billion
Shell: $82.3 billion
BP: $67.8 billion
ChevronTexaco: $43.1 billion
ConocoPhillips: $31.1 billion

Oil Profits vs Gas Prices
http://www.swivel.com/graphs/show/13317043

[JCMach1]

1. Kick... this is why we want to maintain control of Iraq

Pump limited oil and the price remains HIGH!

[Wiregrass Willie]

2. But why "in today's dollars" ?

I appreciate the info. But why do they always want to show us facts like this in "today's dollars" ? Why not in the real dollars of the time ? For instance the chart showing the price of gasoline circa 1970 indicates it was about $1.50 "in today's dollars". But in the dollars of the time, it was about 20 cents a gallon. Comparing the rise from 20 cents to $3.00 is more accurate and more honest. It seems to be a way that the government (and their allies in Big Business) tries to hide the true damage done to us by inflation.

Not complaining, but just inquiring.

Willie

[bananas]

3. k&r thanks nt