Good post jdemaris! I never did see why so many people are so hostile towards the oil companies. They are just another company doing what they are supposed to do. Show a profit. A couple of points: 1) If all these people here who grumble about gas prices would just sell their antique tractors and invest the money into Exxon stock they would be glad to see even bigger oil profits. Anyone can buy oil stock. Anyone can share those profits. 2) Oil companies can not just arbitrairily raise their profit margin. They have to stay competitive or lose out to the other guys. Compare that to the State of Minnesota who just last week voted to raise our gas tax. 3) If we regulate the profits that big oil is allowed to make shouldn't we also regulate what other industries are allowed to make? Take a look at Hollywood for an example of how a chosen few are allowed to make an obscene profit on their investment.
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Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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