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#21
04/27/2006, 09:55 PM
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Quote:
Microsoft's quarterly earnings top $3 billion, Google's earnings jump 477% in one year, Citibank's earnings are $7.1 Billion, Procter & Gamble $2 Billion, General Electric $4.7 Billion, Coca-Cola $1.3 Billion, and countless other companies are making lots of money.... And who made the most just off oil? US GOVERNMENT 54 BILLION!!! And we Maine tax payers are smart enough to tie our gas tax dollars to the rate of inflation-- inflation goes up-- so do our taxes--automatically... Our economy is booming. Inflation is not rising, unemployment is near zero if considering the people who do not want jobs, and even when gas prices are compared as a percentage to our gross national product we are doing better then in 20 years. Most importantly people's investments including retirement are doing very well. Not only are they unconstitutional and against everything America stands for but these congressional and executive "investigations" into Exxon Mobile will ultimately hurt the economy and peoples lives (how many people retirements have Exxon Mobile stocks?!) and will do nothing to the price of gasoline. My folks are doing well with there wood stove business with rising costs of oil/propane--- Are they to explain their profits? Sounds far fetched but you watch what happens to the price of fire wood in the next few years. It is going up. The market cannot be controlled. Bottom line is use less oil, stop government spending and taxation increases, and drill for oil domestically. Until these things happen no one should be blaming Exxon Mobile. We as a country have actively stopped them from lowering prices by preventing them from drilling and finding domestic reserves. Who in Exxon Mobile are we blaming? They have about 100,000 employees and the vast majority of them just your average worker... Only several and really only the CEO make extreme amounts of money. And why shouldn't he? He makes no more then many professional athletes and does a lot more for this country! I do not see anyone getting up in arms about the millions that General Motor pays to employees that do not even work or the millions they pay on viagra prescriptions because of poor union contracts... The net result is GM actually looses money per car they produce because of people who really take advantage of others. They may even go out of business and many more workers (who actually work) will loose their jobs too. To me that deserves an investigation! Gas prices are up though: Nigeria (3% of US supply) is off line, gulf region refineries are not at 100%, environmental gas additives are causing distribution delays, Iran's dictator won't shut up, china and India are sucking up oil like we go through salt, and the gas market reflects these and other global factors. The price of crude is set by brokers making predictions. Realize that Exxon Mobile is extremely small potatos when compared to oil giants like in Persian Gulf. Exxon Mobile only holds 18% of the worlds oil. That is just is not enough to "Gouge" prices... Saudi Arabian Oil Company produces 3028 MILLION BARRELS of oil per year--- Exxon Mobile only 894. Petroleos Mexicanos 1278 and Petroleos de Venezuela 1258 MILLION. That reminds me--- Since Brillant Baldacci is such a doo gooder raising minimum wage (as many government/union jobs are tied to minimum wage) to help Maine's poor and he takes such ethical and moral stands on tough issues--- Why is he getting cheap heating oil from Venezuela? The communist dictator run country guilty of more human rights violations everyday then just about any where else--- But i guess for cheap oil it's okay... And here's an idea on minimum wage-- if you make minimum wage work 60, 70, 80 hours a week to make it up... Guranteed legal residents who are capable of that type of work ethic will not be working at minimum wage for long... Baldacci seems like a better target then Exxon Mobile personally...
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drew Last edited by Drewpy; 04/27/2006 at 10:33 PM. |
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