Quote Originally Posted by jamstigator
I consider 'peak oil' to be more fact than myth. I mean, there has to be a point where we simply cannot produce more one year than we did the previous year. That may not have happened, may not happen for a thousand years, who knows, but clearly at some point it is a certainty. This assumes that we are sucking oil from the earth quicker than it is being renewed, and since it takes millions of years to make it and we chew through hundreds of thousands of barrels every day, that seems to me to be a reasonable assumption.

That said, yes, they absolutely are making waaaay too much money. What irks me is that they make these massive profits not when things are going well (I could tolerate that, as a reward for making life better), but when things are going horribly BADLY. They're raking it in on the increased misery of their customers. That's not how capitalism is supposed to work.

Absolutely! Way too much money... Outrageous!

However, isn't that really how Capitalism works? Did Bill Gates give a shit that he made piss poor operating systems? Do Cable monopolies give a shit that we have fewer choices and more costs? Capitalism is not about philanthropy and fair distribution. It's brutally cold, and I guarantee the first quarter Exxon reports lower "than expected" profits you'll see human capital the first expense to cut.
graymatter Reviewed by graymatter on . Global Oil Scam: War, Disaster, Lower Living Standards Mean Mega Profits Global Oil Scam: War, Disaster, Lower Living Standards Mean Mega Profits Bilderberg's big oil boys come up trumps again while we pay through the nose Steve Watson / Infowars | July 29 2006 This week has seen every major player in the oil industry announce record profits despite prices being at all time highs and production levels decreasing. Surging oil prices helped drive quarterly profits for US energy giant ExxonMobil to 10.36 billion dollars, revenues have exceed $1bn a day, the Rating: 5