I’m having a good day, you didn’t hurt my feelings at all.
I have my facts and you have your opinions. I suspect that you may be like some others that I know that will not allow facts to interfere with what they WANT to believe.
Yes, the oil companies are part of the equation. The oil companies are the ones who would provide oil and gasoline at a reasonable price if only Congress would let them.
Now, please elaborate on how the oil companies are shamming Joe Sixpack out of money. (Any emotion you detect in my typed words are fabricated from your end)
You choose to turn a blind eye....that’s ok. Most who are affiliated with a particular industry tend to hold a self preservation mentality...thats ok too. It is however, embarrassing to witness oil company execs shifting around in their chairs attempting to dodge questions regarding their exorbitant compensation packages. Funny really. It was reported yesterday that it cost approximately two dollars a barrel to pump from the ground in Saudi. Do you dispute this? Who gets the other $137. dollars a barrel? http://www.consumersunion.org/profitscover.pdf Major oil companies have ♦ achieved more than $100 billion in excess profits from 2000 to 2005 as a result of anti-competitive practices; ♦ strategically underinvested in refinery capacity to tighten supplies and gain market power over gasoline prices; ♦ carried out a deceptive and misleading PR campaign telling a huge profit story to Wall Street and a small profit story on Main Street; ♦ sought to blame factors other than their own behavior for higher consumer gasoline prices. I submit that the major oil companies have in fact been an integral variable in the latest surge in prices at the pump. Do they shoulder ALL the blame? Certainly not, theirs enough blame to go around. Congress, consumers, foreign interest, market forces and players all play a part to be sure, but American owned oil needs to exhibit some level of loyalty to America and her economic health rather than playing the blame game all the while raking in billions in excess profit to the detriment of the American consumer. You have your opinion, I have my facts. boom!