How can oil companies explain record profits for a period when the supply of gas was curtailed by Hurricanes Katrina and Rita and gas prices were skyrocketing?
Something about that equation doesn't make sense. If the supply of gas was low, it would make sense for them to raise prices to maintain typical profits. But they got record profits. So either supply was not as low as they said, or they raised prices too much.
11.26.2005
Oil companies facing one big question...
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