Quote:
Originally Posted by kenny
Ever since Exxon and Mobil merged its been nothing but record profits and indirect problems caused by gas prices.
People say supply and demand .. blahh.. blahh..
Its an oligopoly.
They have already busted all these oil companies into smaller compaines once before..
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Exxon/Mobil produces about 4 million of the 85 million or so barrels of oil produced per day. Less than 5% of the total. What's Saudi Aramco producing? About twice that, I think.