Boycott the Big Four (Petron, Shell, Chevron, Total)= Cheaper Local Oil Prices?

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That's why we can't rely on conspiracy theories to explain things.

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we all know oil companies make a lot of money.

They actually made record profits this year.

US and European oil companies just came out with their profit reports for the past quarter. Google nyo nalang.

Soaring commodity prices led to record quarters for Exxon Mobil Corp., ConocoPhillips, BP PLC , Royal Dutch Shell PLC, Chevron Corp., and Total SA.

Altogether, the profits of the six companies jumped more than 40 percent in the second quarter to $51.5 billion, the first time big Western oil companies have ever reached that level

Here's where they made their money:

Oil companies made the bulk of their money from exploration and production, also known as the upstream...

And this is where they lost money:

On the downstream side, the part of their business that refines and sells gasoline actually swung to a loss. The culprit: those same crude prices that lifted upstream earnings.

Oil companies don't produce enough oil on their own to feed their refineries, forcing them to buy crude oil on the open market. And they weren't able to raise the price of gasoline and other products fast enough to recover their own rising costs for oil.

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i would like to thank the oil companies for continuing to make fuel for my car.

I'm addicted to oil.

And if they make record profits from my addiction, well, that's their reward.

I don't hate oil companies.

I need them.