Sorry Rev. Hall:
I do not buy in to your theory. Have you not tuned in to any major news outlet this year? Have you not heard the oil companies are soaring high with record profits in the billions. In my opinion all it was, the European countries have been paying these high prices for quite some time.
Yea I have and I have see a lot of mis-information by them. A lot of lies too.
Europe pays higher taxes than we do and the base price of fuel is the same as our or within a few cents. Their economy is based all on higher prices, their tax system is completely different and if you want their style of government and prices, then we will have more unemployed and more problems - in other words the comparison is wrong.
Let's look at the profits for a moment;
Exxon's profits are high, yes that is true but they also paid billions in taxes. BP and Shell also have had high profits, they also paid billions in taxes and they are also profiting from high price of oil. All three companies are also diverse in their product line, we don't only get gas, motor oil and diesel fuel from a barrel of oil but our use of plastics is growing and these three companies also product plastics and plastic ingredients.
All three companies also employ thousands of people here. They do so to in order to make products and sell them.
Then there is Citgo, they make a lot of money and they are owned by a country that is run by a dictator, by someone on the same line of Peron, and has nationalized companies. Shouldn't we be concern with a company who's owner supports terrorism before worrying about Exxon's profits.
You know you can't punish a company for something that really has nothing to do what they can do but is part of a market that several multi-national companies sell in.
They saw the opening within our weak oil company loving white house to lay it on the American population. GW has done nothing to halt this as he is all about big business. Wake up Rev. it does not trickle down unless it is a price increase.
Wow you got that email from Moveon too?
Inflation rising to near 20% over the next 2 yrs.. Sounds like life is going to be great for the trucking industry. I see foreclosures on more than the housing market in the near future.
You know you should be really complaining about;
The intervention of the government in trying to stop foreclosures - we need to let things happen. It is not my fault that someone down the street got an ARM mortgage with an increase in 2 years to 30%, they were told what happens in 2 years.
The lowering of the interest rate - eventually the Fed will start giving money away for you to borrow money. You should be jumping up and down about this issue because this weakens our money on the international stage and further spurs inflation.
Inflation will be more than 20% if we don't get a handle on things quickly, like debt, like social programs, like NASA, like the UN and so on.
In truth we need to replace the tax system, we need to get a lot of dead weight out of Washington and we need to get more people to be fiscally responsible on all spectrum of the social ladder.
Oh and by the way, on my way up 95 last night, I saw $3.80 a gallon price, so $4 should be here soon.
You got this right - wish others would think this way...
It very simple. When you import more than you export and you have shrinking industrial base. Shi* happens.
