Big Oil…Will We Believe Them?
Oil execs are back on Capital Hill responding to questions about high gas prices. It’s kind of amazing to sit and watch all of this going on. Many politicians recieve huge donations from oil execs so I’m sure they’re feeling rather uncomfortable about grilling the holders of the gas nozzle. On the other hand, other politicians are listening to what the people who voted them into office are saying they’re doing their best to bring the oil prices down. But, reality is, it’s like watching a fancy two-step dancing during a tug of war.
One of the key questions whenever the subject of high gas prices comes up has to do with profits. In the midst of the consumer paying higher and higher prices at the pump, oil execs continue to rake in record profits. They’ve never been able to answer the question of why. If anything they skate around any kind of real answer. Reality is this, gas prices keep going up, oil execs keep getting richer. The bottom line is, OPEC and the oil business is a monopoly. As long as they continue to hold the purse strings, and have no government regulation, they will continue to hold the consumer, and the government, hostage. They know the government has no teeth when it comes to making them stop their gas gouging ways, so why should they care. If a gas station owner starts price gouging at the pump, he faces fines and possible prison time. But when the oil execs price gouge, nothing is done.
What came out of Capital Hill yesterday about made me fall off my chair in disbelief when I heard it. Once again when pressed about the fact that gas prices keep going up while the execs make record profits they responded in a different way. This time around they said they’re not making record profits. As a matter of fact, one exec said, “we only make a few cents per gallon of gas.” Excuse me!? If that’s the case, why are you still lining your pockets with gold? The exec then said there’s an oil shortage. Come on, give me a break! An oil shortage has brought us to this point? I don’t think so. Once again this just proves that the oil executives simply don’t care about what’s going on. They’re price gouging and they know nothing will be done. When pressed into a corner, they then fear-monger about oil shortages, which no one else is talking about, to make excuses for why they are laughing all the way to the bank.
Or….
Could it be some politicians have gotten the ears of the execs who want drilling here in the States? If they start saying there’s a shortage and more drilling needs to be done, it could be pushing an agenda of drilling here.
Now, before you think I’m against drilling here, I want to say I am not against it. I’ve always wondered why we’re paying other countries for oil when it’s right here in our backyard. But, this whole scenario does make me wonder if there’s an underlying agenda for both the politician and the oil exec here.
Just something to make you say….Hmmmmmmm…
Just my two cents,
Dr. Rus
