"In common with most other large oil companies which have reported so far, (Exxon Mobil) mentioned that it had not yet seen any evidence of significant demand destruction due to higher prices," said CSFB Global Energy in a research note.
"These numbers are not supporting the sharp drop in demand that is being bandied about," said Jim Ritterbusch, president and analyst at Ritterbusch and Associates. "The demand argument has yet to be played out."
IN order words. . .those SUV's are not going away any time soon!!!