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Originally Posted by Undertoad
I seem to recall that 30 years ago there was massive fuel price fluctuation and all the oil people got rich
and there was great gnashing of teeth and calling for special taxes on the bad rich people
and then 15 years ago there was no fluctuation and status quo and the oil people were all going bust
and nobody called for any special taxes on them because all of Texas was in recession
and now there is fluctuation and all the oil people are making money again.
I do not advise moving to Texas.
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I have a short memory, I guess. I don't recall a lot of struggling oil companies due to the cheap price of energy.
Does anyone here believe there is any such thing as an obscene amount of profits?