By the way, from your own link, 1st qtr 10Q,
Net income 04 vs 03 $ 2,562 $ 1,920.

Went up 25% go figure.

Can't wait to see the second quarter.

Well it only took you 30 post to admit you made anaccusation. By that standard it will take another 120 to get you to admit you are cluless on the topic and there fore wrong. You got enough blather to go 120 more?

Geez, my 14 year old nephew could have thought of a better response. But then he does have a higher education.

Great,

Congratulate him on his two college degrees at 14. I hope he still has time to be a kid.

a college degree or two doesn't mean you can find your bung with both hands....

Yeah, I've worked with a whole lot of lieutenants that had college degrees ... if ya know what I mean.

I went to the Uof W and think my education was a great headstart but it was life lessons that did the most good. Flaunting an education in the form of a piece of paper is normal but not always credible.

A forbes study years ago wanted to know what made ceos of foutune 1000 companies successful. What made them different from everyone else. What they found was that the avg. CEO had a C avg. in whatever school level they achieved. While most did have college degrees. What they saw was that these people where highly skilled at navigating in society. Their social skills drove them to the top.

Wow, spun into somehow I am flaunting college degrees now huh? Nope, just pointing out that my 14 year old nephew who is in Junior High could form a better argument than TK. College degrees are mainly a ticket punch. Concentrations do give you a heads up base that is hard to achieve in on the job experience but not impossible. That is if you have a career in your concentration. The only time I've ever mentioned that I have a higher education, I mean college for those who read into things, is in response to one of TK's unlimited can't form an argument so I'll wage a personal attack responses.

Stlhd,

Stop the crying. You have been pounded point by point and started the personal attacks with references to "organic farm" many thread ago So be a man and stand up and admit your part in starting it it and quit the whine.

The point was you blames Bush indirectly by his ties to oil for the high prices and then blamed the oil companies for gouging. You have been shown with facts and figures that oil companies have a lower net profit per dollar of sales than many industries and that their overall profits relative to sales do not show the gouging or the raping you claim.

One more for you. It appaers that it has been a long term conspiracy and Bush is about the least gulity.

Good News About Gas Prices
by Stephen Moore

Stephen Moore is a senior fellow at the Cato Institute.

A headline in Wednesday's edition of USA Today read: "Oil Prices Hit Highest Since Sept. 1990." The story glumly reported that "oil traded for more than $39 a barrel last week ... the highest closing price since 1990 and the 6th highest price ever."

Good news: It isn't true. Yes, gas prices have spiked upwards by at least 30 percent in most local markets this year, and yes, it's infuriating to pay $2.00 a gallon to fill up the tank. And yes, higher oil prices are a significant tax on the U.S. economy -- given that we're the world's largest importer of crude.

But prices, properly measured, are nowhere near their historical peak. In fact, the long-term trend in oil, gas, and electricity prices is downward, not upward.

What the reporter at USA Today and so many other fear mongers forgot to do was adjust for inflation. In the world of economics, this is an unpardonable sin. After all, if you don't adjust for inflation, just about everything is more expensive today than 30 years ago.

So let's look at the long-term trend for gas prices in inflation-adjusted dollars.

Gasoline prices paid at the pump have been on a steady rate of decline since the 1920s, with the obvious exception of the 1970s, when we faced an OPEC embargo and gasoline lines. In 1920 the real price of gas (excluding taxes) was twice as high as today. Electricity prices were about three-times higher 75 years ago.

If gas prices were as high today as they were in the late 1970s, we would now be paying about $6 a gallon for gas. Today's price at the pump is higher than it was as recently as 1985.

The same is true, by the way, for the cost of oil. Adjusted for wage growth, oil is slightly cheaper today than it was 20, 30, and 50 years ago, and five-times cheaper than 100 years ago. How can gas and oil be cheaper since we've used so much of it over time? Well, thanks to human innovation, we are always finding new sources of oil, while at the same time technology makes it cheaper to drill for it.

For example, the oil fields of Prudhoe Bay in Alaska have two- to three-times more reserves than originally believed. Russia, now on the way to becoming a capitalist economy, may soon become one of the world's top two oil producers, as the new Russian capitalist entrepreneurs continue to discover new untapped fields.

Of course, if Congress would only allow us to develop new oil sources here at home, gasoline prices could easily slip comfortably below $2.00 per gallon. When oil prices were $25 per barrel, we had the luxury of not drilling for more oil in Alaska. But now that the price is nearing $40 a barrel, with a good share of that money pipelined to Arab nations that are not always friendly to us (petrodollars have no doubt been siphoned off to terrorist networks in recent years), developing greater energy independence is no longer a luxury. In fact, it's an economic and national-security necessity of the first order. Any energy bill signed into law by the president this year must include the rights to drill in Alaska.

John Kerry has complained that President Bush is doing nothing to contain gasoline prices, but Kerry has been the consistent adversary of people who drive cars. He has supported gas-tax hikes of as much as 50 cents a gallon. He has also voted "no" every time he's had the chance to sink plans for drilling in Alaska, saying that doing so would endanger the environment for moose and elk. But it's likely that the biggest beneficiaries of Kerry's intransigence on drilling have been Arab oil exporters.

High gas prices could be a thorny political issue as we enter the spring and summer months, when travel across the country rises. But travelers should take solace in the fact that we now pay less for gas, adjusted for inflation and wages, than our parents and grandparents ever did. That's true even though the oil cartel, OPEC, holds the world price at least twice what it would be if there were a competitive marketplace at play. After all, in Saudi Arabia and many other oil-producing nations, oil costs about 50 cents per barrel to produce.

The best way to break the back of OPEC is to produce more oil here at home; if only our politicians would allow it.

This article was published in National Review Online, May 10, 2004.

Are you losing you're mind? I think you need to go back and try to find where I ever mentioned anything about an organic farm or where you live and then you need a serious reality check. You have shown or proven nothing. And now a new spin which is the same old crap about "adjusted for inflation". Too bad they don't also adjust it for supply and ease of delivery because the worlds oil supply is vastly larger than it's ever been, is easier to deliver and refine too which means you can't compare todays prices to 30 years ago. It should be cheaper today "adjusted for inflation". So it sounds like you are agreeing that prices should be much lower.
By the way I don't see anyone stopping drilling on private land it's when they want to TAKE public land or the sea where lines are drawn in the sand. If you are talking about ANWR it wouldn't make a dent in supply by the industires own estimates and would take decades before the oil began flowing anyway so I don't see much of a return on the tapayers land.

Stlhd,

That limb has to be pretty thin by now. So you are claiming shipping cost have gone down in the past 30 years not up? Dirlling and exploration is cheaper? Take your mouth of the pipe boy!

Sthld,

"I think you need to go back and try to find where I ever mentioned anything about an organic farm or where you live " Yes it was others. My apologies for saying it was you.
Sincerely