Posted by
Bob Parks on Thursday, April 03, 2008 10:11:48 AM
In the case of the oil companies it’s not clear who should receive more pity. The corporations, or us.
In the case of “Big Oil”, our knowledgeable congressmen issued a very public tongue-lashing to the CEO’s of America’s major oil companies earlier this week. Purely for show, our elected representatives dressed down the leaders of a profitable enterprise, purely because it is profitable.
On April Fool's Day, the biggest joke of all is being played on American families by Big Oil.
– Rep. Edward Markey, D-Mass
Granted, it’s kind of hard to sympathize with an industry that earned $123 billion in profit last year. Class envy is the proud domain of the left.
The anger level is rising significantly. Your approval rating is lower than ours, and that means you're down low.
– Rep. Emanuel Cleaver, D-Mo
Introspection is a trait seldom seen on Capitol Hill, that is, unless one of those politicians is issuing some kind of scripted mea culpa. We are all feeling it at the pump, but these congressmen and senators seldom ask what have they done to contribute to the high prices that amount to higher profits for the oil companies?
And before I get into this, I must ask, would those congressmen feel better if the oil companies were losing money or barely breaking even? Just what would our gas prices look like then?
Food for thought.
Thanks to environmentalists and the politicians that suck up to them, American oil companies haven’t been allowed to build a new oil refinery here for over 30 years, while the demand for gasoline has greatly increased since. Thanks to environmentalists and the politicians that suck up to them, American oil companies haven’t been allowed to drill for new oil reserves domestically, while the demand for gasoline has greatly increased since. Continued...