Wednesday, April 27, 2011

OIL! Oil oil oil

Oil is once again dominating our thoughts. John Boner...ooops, sorry, BAYner (but it's spelled Boehner) is grinning all over the news saying that if Oil prices don't go down, Barack Obama won't win reelection.

I got an email from the local tea party, it reads:

$6.00 Gas Coming?

Gas has already hit $5.00 in a few places in the US. A year ago, it was $2.87. Obama says the increase is caused by "mideast instability" and speculators. We think it's inflation & inadequate US domestic production.

The government takes every opportunity to choke off our domestic oil supply.

And you thought it was supposed to be government for the people.

Wow! The Government is CHOKING off our oil supply... they must REALLY hate us.

If only we could let those POOR OIL COMPANIES free... they would help us.

But wait...last year, EXXON MOBILE MADE $30 BILLION DOLLARS...PROFIT. PROFIT! That's what they made AFTER they paid their operating expenses. That's money they KEEP. Oh, and the government, that bad old Government that is Choking off our oil, actually handed out 4 BILLION DOLLARS in Federal TAX BREAKS!

And get this, according to CNN...Exxon's profits for THIS year are expected to DOUBLE...to $60 Billion.

Now, presumably, the only reason the Tea Party is willing to put the livelihood of it's fellow Americans at risk by drilling off their beaches (and spills affect tourism, fishing, real estate, you name it.)or mortgage our children's environmental heritage (imagine: in place of the Alaska wilderness, we get an oil soaked wasteland)...is because they are betting that, if we found more oil, the natural economic laws of supply and demand would kick in and lower the prices....

But wake up people...the normal laws of supply and demand are NOT operating here. A fair profit is one thing, but THESE profits are obscene. The game is rigged. There is no reason to risk environmental devastation to further subsidize a rigged game.

Tea Party Types are fighting mad, but as usual, they are not looking in the right places.

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