Amen to the massive profits thing, thanks to uncontrolled 3.00+ a gallon gas and the squeezing of the elderly and poor on the heating oil issue the oil companies have been continously been raping us since the mid 70s, When gasoline doubled in '73-74' from 50 cents to a dollar and then hovered between 70 cents to 1.20 for a few years the oil giants found out we'd pay anything to have our cars, and then they proceeded to rape and pillage. It was no longer a market of supply and demand, but one that had a growing Demand and a market controlled by greed. Every "Oil Shortage" was nothing more than a contrivance by the oil companies to raise prices. The Government played along as they were most certainly complicent in sharing the wealth (Re-election campaign money etc.) Regans big push to de-regulate all industry has created a pool of greed by the corporations never seen before. When a comodity is a necessary fact of life (Electric, all utilities, fuel, some food, etc) it needs some regulation.
medicinal Reviewed by medicinal on . Hillary: Authoritarian Socialist The New York senator told the Democratic National Committee's winter meeting: "The oil companies reported the highest profits in the history of the world. I want to take those profits and I want to put them in an alternative energy fund." Take? Isn't that confiscation of private property? Author P.J. O'Rourke framed it perfectly on a recent CNBC's "Kudlow & Co.": She's "Hugo Chavez in a pants suit." Taxing profits taxes people - Commentary - The Washington Times, America's Newspaper Rating: 5