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Fueling gas prices

I think we all feel that gasoline prices are way out of reality.

In 1982, as a small retirement gift by one of my office friends, I was given one share of Conoco-Phillips Oil Co., a value of about $20. Every year I get a “shareholders” report and ballot to vote on directors and what they want to do for the company and themselves.

Last week the report came. The chairman of the board last year got $1.5 million in salary, and a bonus of $6.8 million plus another $23 million in long term payout. This year more. He is just one of seven board members. And they keep voting themselves more stock options. So, when you buy fuel, think how nice it would be to be on the board of directors of a fuel organization.



Al Hoffmeyer

Cedar Ridge


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