Year 2007 has seen countless new records in oil prices, as international economy suffers from what is, presumably, a lack of output from oil suppliers.
But, while the international attention was drawn by the OPEC members, one of the few official international cartels that none of the "great powers" of the world can touch, two of the worlds largest oil companies, Exxon Mobil and Royal Dutch Shell, started 2008 announcing record all-time profits for the previous year.
Now, I come to ask you, is it safe to say that we, the public, have been played for fools by international oil companies that blamed OPEC and the lack of oil output for the record oil prices?
Would it be safe to say that consumers had to support, besides the increase in oil production cost, a greed surplus from such giant companies?
Is it not suspicios that Exxon Mobil and Royal Dutch Shell announced record profits, in spite of them beeing evacuated from huge oil fields in Venezuela and Russia in the previous year?
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