All I remember hearing were the oil companies crying poor-mouth. When Hurricane Katrina hit, gas prices jumped sixty cents in one day. The reason; all the oil refineries were based near New Orleans. Well, who put them all there? The other reason, because oil company executives have high-powered lobbyists who grease the wheels of a lot of crooked politicians. So the entire country paid for the mistakes of the oil companies. Whatever happened to "the cost of doing business?" I would love to run a company that I could just pass on my expenses to the rest of the country.
Crude oil prices have plummeted in the last two months, but I'll bet you never saw the price of gas go down by more than a nickel a gallon in one day. I would imagine that there were a lot of families that had to choose between filling up their gas tank and putting food on the table. Of course, the hardest hit were the people who had to do a lot of driving. From truck drivers to farmers, there were very few in this country that weren't hit by the crunch; which brings me to my next point.
With all the hardships encountered by the American people, as a result of this corporate greed, was there ever a time that our own President stepped in and stopped the oil companies from gouging us mercilessly? No, and the reason: Bush and his family are in the oil business. What this means is that the President of the United States put his own greedy interest in front of the interests of the entire country. Isn't that a conflict of interest? I hope somebody from Congress reads this and realizes what the President did.




Comments
I won't comment on Bush or
By leedictu, February 3, 2007 at 13:20I won't comment on Bush or the White House. I have for years been preaching about the horrors of Amerrogance - that American arrogance which has plagued our planet for the past fifty years. No, my comment is on corporate greed and the oil companies. I have a simple solution. Let the IRS (and all other international revenue agencies) levy, on the oil companies, a small tax, say 100%, on the excess profits of last quarter over those of the same quarter last year. No deductions, no appeals, no delay - paid within one week. I predict that oil prices at the pump will drop by a huge margin one day later.
It's really staggering to
By luyen, February 5, 2007 at 09:06It's really staggering to hear the profit margins of banks and some energy companies, what's even more disturbing is that it's *ALL* about the bottom line. I have no doubt many corporations would reduce their work force to total servitude if they could.
Case in point, banks up in Canada rake in record profits year after year (i.e. ATM fees). The Bank of MOntreal did so last year, but their last quarter was slightly lower than expectation (but still a windfall). As a result, they're firing 1,000 workers in the name of efficiency.
That kind of near-sighted thinking will be the death of us all, cut-throat profiteering, does not create good society, and good citizens.
Since good citizens must remain responsible for their community, families and society at large, it seems that the corporate entity is bereft of such conscience in many cases, when it comes to such responsibilities.