The Oil Drum: Record Oil Company Profits and High Gas Prices: A Connection?

There’s been some grumbling in the media about how Big Oil is gouging the public by charging record prices for gas while they reap record profits. No one can dispute that oil companies are doing really well. And certainly no one can dispute that gas prices are high. But is the connection as straightforward as we think it is? If the oil companies were less greedy, would we see lower prices as the pump?

Find out below the fold…it’s just not that simple.

Much more after the jump to The Oil Drum.