Are the oil companies smarter than we think? Just sitting here watching Fox and it hit me: I don't see an oil company asking for money?We villified them for the rates they were charging $4-$5 per/Gallon a couple months ago. Just about everyone but them is in line for the teet now...So one way or the other we the People are going to have to pay! Keep in mind now that the Oil Companies don't haveUncle Obama in their bank accounts like the auto, banking etc. consortiums. So were they smart or just luckY? Did they know something we didn't about the outcome of the election?
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"There is nothing in the world like a persuasive speech to fuddle the mental apparatus and upset the convictions and debauch the emotions of an audience not practiced in the tricks and delusions of oratory." --American author and humorist Mark Twain (1835-1910)
Location: On an Island in the west coast of New England
Posts: 13,133
RE: Oil Companies
They made a killing and now are falling back to their dens to plan their next economic invasion. With the recession people don't have the money to buy high priced gas. Better to lower the price, keep making/ selling the product and not be blamed for all the economic woes. Have no fear....the high gas prices will return and it will be sooner than we think.
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Too busy with fishing to spend much time here.
Notice that the highest oil/gas prices in history and the largest foreclosure rates since the great depression occured simultaneously the last 2 years.
Oil sucked tremendous wealth and equity from middle class budgets in many ways besides prices at the pump. Higher fuel costs cause almost EVERY household necessity to increase in price.
Taking all that wealth from the middle/lower classesand redistributing it to the most wealthy corporations in America certainly helped the economic collapse.
Our economic situation for the last 8 years has been "watering the leaves and forgetting the roots" - now we see what that has produced.
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"I would not support repeal of Roe vs. Wade, which would then force women in America to [undergo] illegal and dangerous operations."¯ Senator John McCain
Source: Ron Fournier, Associated Press Aug 24, 1999
Of course, once a hell of a lot of people start losing their jobs because domestic oil exploration, drilling, and production are reduced because of falling prices, some folks will complain about that too.
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"Shoot him again....his soul is still dancing"
etothepii, I love that thought, the oil company to preserve it's own butt, bails out the auto industry. I never thought of it that way.............
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"There is nothing in the world like a persuasive speech to fuddle the mental apparatus and upset the convictions and debauch the emotions of an audience not practiced in the tricks and delusions of oratory." --American author and humorist Mark Twain (1835-1910)
Oil sucked tremendous wealth and equity from middle class budgets in many ways besides prices at the pump. Higher fuel costs cause almost EVERY household necessity to increase in price.
BS, Oil is cheap and even at $4 it's still cheap. It only takes about two hours worth of work to fill up the average auto in the 50's it was about adays pay.
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Taking all that wealth from the middle/lower classesand redistributing it to the most wealthy corporations in America certainly helped the economic collapse.
There's been no redistribution of wealth. Who owns Exxon? We the people own Exxon. Something like 60% of Americans own Exxon.
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Our economic situation for the last 8 years has been "watering the leaves and forgetting the roots" - now we see what that has produced.
Everyone's boat rose in the last 8 years. Household income was up, more people went up in income and moved from lower classes in the upper classes in the last 8 years. Wages have increased and taxes were decreased under GW. Obama will be raising everyones taxes in 2010. He is going to let the Bush Tax cuts expire. That means a $1500 increase on the average family of 4.
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
I think back to all those years when Southern West Virginia/Eastern KYhad 30-40% unemployment rates because the coal industry was so bad. We never asked for subsidies or bailouts...we toughed it out and pulled through. At what point did all the industries and people of the country becomes such p*****s??
Smarter? Not hardly. If they were smart they would have not sent the economy in a tail spin. The recent show in the markets wasn't expected by big oil and they thought they could reduce the price before the election and buy off the country.
The current powers will not tolerate big oils destructive style anymore as it will reflect badly on them. The government will smash big oil if it trys and throw the robber barons in prison and the people will cheer the conquering hero's. Bank on it. I'd even go so far as to say the new administration is hoping they try.
That's how smart they are! They raped the country and this is their spawn.[:@]
The current powers will not tolerate big oils destructive style anymore as it will reflect badly on them. The government will smash big oil if it trys and throw the robber barons in prison and the people will cheer the conquering hero's. Bank on it. I'd even go so far as to say the new administration is hoping they try.
That's how smart they are! They raped the country and this is their spawn.
The difference between Exxon/Mobile and Standard Oil? 100 years. Standard Oil was taken on and defeated by an untested populist and anti-conglomerate crusading Republican President, Teddy Roosevelt. Now, a century later, we could be looking at an untested Democrat populist President doing the same with Exxon/Mobile?
The more things change, the more they remain the same, it seems.
Oil Companies
