Originally Posted by A1R3K

i think the one thing that people don't understand about oil (well i am sure there are more than one), is that every oil tanker has to be basically rebuilt by 2010 to be double hulled. BP says that its 250 million dollars per tanker and there are well over 200 of them just in their fleet. thats a lot of dough. the oil companies are not making the profits people think they are. many don't know that the oil companies are raising prices, but the gov has raised taxes on them 300% or more. lots of factors at play here.