
Originally Posted by
mkemse
2nd: Yes, The Governement can Force the Oil Companies to do something, they can hitthem where it hurts, their Profits, they can Take Away their Yearly Subsidies and hit them with a Windfall Profits Tax, that might "Motivate" them to use thier profits for exploration, develop ect
and use the Tax thier Winfall Profits to reinburse Americans
3rd: The Current GWB, he may have lost alot in his oil investments, but I hardly see either The Current GWB or Sr. struggling to buy gas. Food, Medication ect for themselves or their families
Also, When Clinton Left Office in 2001, Oil was $32.19 cents a Barrel, it is not $125+, that is a 450% price increase in 7 years, a Commidities Broker was on CNN the other night and said in his 35 years of trading he has neverseem any comodity go up 450% in 7 years, it is un heard of, and i can notthink of anything we use daily that hasgone up 450% in 7 years??
19.5 BILLION in profits for most Oil Companies in 4 months is beyond obscence, that translate to about $3.80 a gallon. they say oil costs them more, fine if it costs them more how do they explain the largest quartly profits over 2 years of ANY corportation on earth, they pay more for oil, sure, but they also profit by Billions every quarter, why????