Posted by IndianaRed on August 06, 2008 at 14:49:51 from (68.31.77.247):
In Reply to: Re: J Leno just said posted by tlak on August 06, 2008 at 14:12:57:
You're right. We should limit and cap executive's compensation, better yet just nationalize all corporations, Communism has worked so well in other places.
You don't have to use oil, you choose to. You could live in a city where you are within walking distance to anyting you need. Or you could live on your own farm and raise and process everything you need. Of course, you may consider that a lowering of your standard of living.
It's easy to fall for the class envy arguments, but they lead to only one end, Socialism/Communism. If you limit how much a person can make, you are interfering with free markets. And where does it stop? Who would be next? Who would decide? Why not just pay everyone the same? See where that argument ends?
The truth is we have become accustomed to all the benefits oil allows us to have. From fuels that permit relatively inexpensive travel, to tires, plastics, and on and on. Oil producers provide us with a very valuable resource with which it would not be possible to maintain our current standard of living and comfort.
And their profit margins are lower than many other industries. You said you couldn't live without oil, could you live without Big Medicine? Their margins are much higher. Same with Big Insurance, Big Grocery, Big Auto, Big Communications, etc., etc..
The oil companies have to explore, drill, transport to refineries, refine, and transport to outlets. They make about 7%-9%. The Federal Government makes what, 20-30 cents a gallon? And what did they do for it? Nothing, but are you mad at them? And don't say that tax goes to roads, it doesn't, it goes into the general fund, just like all taxes do. And another thing, the oil companies were hurting bad all through the 70's and 80's when oil was $10-$20 a barrel, were you/we crying for them then? No, none of us were.
And just so you know, I had to close my transportation business down last year. I started it 4 years ago, so you might think I'd be looking for someone to blame. And I do. The Sierra Club, GreenPeace, and all those d#mned environmentalists that have been for years restricting our ability to explore for and bring to market our own domestic oil supplies.
The prices are coming down, due to decreased demand. Proves that this has all been a Supply and Demand issue all along. It's down to $3.59 here in Indy today. But when they come down even further, let us not become complacent. We still need to drill. Economists and insiders are saying we should be back down to $90-$100 per barrel by Christmas, so that should mean $2.50/gallon. I'd rather get it even lower, back under $50 per barrel, so keep pushing for us to drill. Vote for those who will back this policy, and contact your representatives and tell them you support more domestic oil exploration. Those who are opposed to this will soon begin to tell us there is no longer any reason for us to drill, that the "crisis" is over. Don't be fooled again.
And if it really bothers you so much, invest your money in Big Oil, at least then the dividends that they pay to their shareholders, (i.e. Owners), would offset the increase in price at the pump. Yes, oil companies are Publicly held.
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