Umm, the oil companies are not reaping benefits. When the market forces cause the price to rise, the oil producers costs rise.I just find it interesting that the same people who were blaming Bush for the high gas prices three years ago are steadily mum over the current rapid increase. If it was Bush's fault then, is it not Obama's fault now?
well, president bush brought us in to a full fledged war in Iraq....and war presence in the middle east was a guaranteed, major hike in oil....it always is....
civil unrest in the middle east will ALWAYS raise oil prices, and make the Exxons of the world, REAP the benefits....perpetual war will always raise the price of oil....
Umm seems like they had record profits back when gas was $4/gal.
the way I remember it anyway.