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Let Others Pay For Your Gas28 04 06 16  33
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See, Oil companies are very generous with their owners – it is the consumers the people they do not want to be generous with. Which company in their sane mind would be generous, unless being generous would allow them to extract even more money from consumers? Every month I spend less than $100 in gas, even at almost $3 a gallon, or $1200 a year. I have an efficient car (28mpg), and I recognize that many people decided to buy a large 15 mph SUV when the gas prices where under $1 a gallon. If suddenly someone gave us $1200 a year for gas, I would be able to cover all of my consumption and other people would be able to cover their increased gas expenses as a result of the increase in gas prices. Dividends can give you $1,200 a year! The same gas companies that take money away from you at the pump can give it back to you – if you are nice to them and own them! Look at the table below, although owning ExxonMobil (XOM) may require $60,000 to get $1,200 a year in dividends, owning the #2 gas company in the USA: Chevron (CVX) would give you the same $1,200 a year with an investment of only $40,000 – that is less than what some of the gas guzzling luxury SUV costs!
I hope this new perspective gives you a few pointers about how to stop being a victim! (Jointly published in Money and Investing and Stocks For Me). |
Many people are concerned about Oil company profits. My advice: If someone is profiting from something, be that someone! Don’t play the victim!
