. the electric companies got regulated yaesr ago because of this. its time to regulate oil like electricity.
10% is a GREAT profit! Many business owners would kill for that. Throw in the fact that we've just had multiple major disasters, aimed right at the oil companies, and it's absolutely ridiculous. With all that's gone on this quarter, their profits should have gone DOWN. <br /><br />What other business gets hit by a train, and STILL posts record profits by screwing it's customers?<br /><br />It is time to regulate. Oil is exactly the same as electricity and natural gas. Why should it be excluded?
Not all of that 90 billion was their money. A good portion of it was taxpayer money (subsidys). <br />And another portion of it was accelerated depreciation that is loopholed(bought legislation)on the taxpayers back. <br />And another portion was tax incentives (more bought legislation)to make infrastructure investments that have been ignored for decades.<br />The numbers no doubt already reflect the taxmoney that was given to them by Congress and GW in the energy bill that was signed a few months ago.<br /><br />If your going to shout "LYING" might as well line all of them up. <br />It's extremely likely the numbers are only the reported numbers and is a small portion of their actual profits that isn't reported.
<br />by regulate I mean similar to how electric companies are due to the hard infastructure required. many years ago, and JB most likly remembers, there were many independant oil companies and refineries, with ever increasing production and infastructure costs most all have been eliminated creating a global monopoly.I would like to learn how this is done.
Take a look at a red/blue map of the US and the "environmental" arguement goes out the window.<br />There is ample room for "state of the art" refineries.<br />
And by representing the people. Representing megabusiness shouldn't be in conflict with that responsibility.<br />
And capitalism is as bad as any other without a free-market.<br /><br />Let's see what the DOE has to say about it.<br /> http://www.eia.doe.gov/emeu/cabs/usa.html <br />I don't see anything here that suggests Congress or the environmentalists having any impact on oil supply. In fact I see a very healthy outlook for a very healthy business.<br /><br />The only logical arguement is for a level playing field for an alternative source of energy to be developed.<br />Personally I'd be for $6.00 a gallon myself if it were not manipulated (perverted)by forces other than a free-market.<br />The eventual alternative would at least give me the option of not supporting my enemy in a time of war....and potentially free-up rightious tax incentives that will outlast the oil fields. I want a choice in that competition, especially if it relys on a piece of my tax dollar.<br />All the sudden your brand of Capitalism doesn't sound so good does it?
And controlling gas prices would be part of protecting the national good. Do you think this is good for our economy?<br /><br />As I asked before, how are oil companies any different from natural gas and electric companies that are regulated, and needed to be?
