| Should the gov't do something about record high oil prices combined with record high oil company profits? |
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Asked 4 years ago
by WishingforSun  United States |
10 Points
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The government DID do something: helped the oil companies make record high profits through record high prices.
This comment has been moderated down. (Show Comment)
dauguy - The "Government" has nothing to do with oil prices. The price you pay for gas, (i.e. oil) is set in the free market through the process of supply and demand. The supply in the US has been severely restricted because the environmentalist wackos have captured the attention of the liberal media and fooled the legislature into preventing drilling - which would increase the supply and lower the prices.
WAKE UP, Get Educated, THINK FOR YOURSELF.
Oh yeah those "record high profits" are a GOOD thing. Oil companies are publicly traded. That means they are owned by little guys like you and me through mutual funds and our pension funds. When they make money we all benefit - PLUS they can plow that profit into research and exploration all the faster. Dig this - NO PROFITS = NO Innovation = NO NEW ENERGY sources = eventual death of your current luxurious way or life.
This comment was deleted by JohnSusko .
[1 point] 4 years ago bySure, because the President and Vice President did nothing to aid the oil companies in their quest for profits. Now, if they had cooked up a little war with an oil-rich nation so they could sequester the last large supplies of oil so that their buddies at other companies would make a ton of money, then i might have had reason to make that statement. But they didn't so i didn't.
Wait--no--THEY DID!