Highway Robbery Part 2

May 5, 2006 at 9:14 am (Uncategorized)

  In the past few weeks, the value of the Canadian dollar has climbed all the way to over 90 cents US which is great for us. One would think that our gas prices would drop since oil is traded in NYC in US dollars but there is no relief for us.

    As I stated in this blog about a month ago, we are getting ripped off somewhere. I think the biggest place where we are getting ripped off is at the pump. These gas companies are just making fortunes.

   Take ExxonMobil(Esso) as a good example of all this. These guys are making a fortune. Last year, Exxon made the biggest profit of any company ever, $36 billion, and the retiring CEO is getting a $400 million package. Sometimes they call this a golden parachute, in this case we can say it is a diamond parachute.

  I will not say ban Esso oil, stop going there. It will have no impact. As my cousin was saying to me, we need to boycott them all. All the companies need to learn a lesson. Using alternative means of transportation is the solution, if you can, use public transit, take a bicycle, or walk.

  We really need to stop our dependency on fuel, because if we do not they will just gouge us more.

Some interesting links below.


http://www.abcnews.go.com/GMA/story?id=1841989 .

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