Sure, it’s a public company and they deserve to make a profit – I don’t begrudge the oil companies that at all, really. I understand it. What I don’t understand is how they can flaunt their billion dollar profits while saying they cannot do anything about the price of oil. Well actually, I do now – they have great lobbyists that have amazing powers over the GOP Senators in Congress…along with a few Democrats as well. From CNN:
Senate Republicans on Tuesday blocked a Democratic initiative that would have taxed the windfall profits oil companies have enjoyed due to rising energy prices, with the minority leader calling the proposal a “gimmick.”…Six Republicans, including three seeking re-election in November, broke ranks to support the bill.
Yes, they should make a profit. No, the government should probably not control what they do with their profit. But when they get the kind of subsidies they get from our tax dollars, I think they can stand to share some of their huge profits with us, especially when oil and gas prices are so high. Don’t want to share? Don’t take my tax money in subsidies. Oh, and by the way- from what I have been reading, these gas prices are here to stay for good, so do not assume that you will see any relief or put anything off because you are waiting for prices to drop. This is the new “normal” and I am guessing we should all get used to it – this morning it was $4.79 a gallon here in my neighborhood.
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