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Add comment on:US Domestic Natural Gas Prices Expected To Double by 2016
Americans spent 4 percent of household income on gas in 2012. In 2012, Chevron made $26.2 billion in profits. Exxon, $44.9 billion. Shell, $26.59 billion. At today's prices, that's enough to buy almost 25 billion gallons of gas in California. Last year, Americans paid record-high average gas prices, a fact that is certainly linked to the oil companies' massive profits. But a funny thing happened on the way to the bank of USA, the storehouse of American Resources for America got sold to China. We buy their cheap crap and they buy our country.
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