Quote:
Originally Posted by TheMMAn
Politicians will pander to the electorate by demonizing oil companies for doing exactly what they are supposed to do, maximize profitability.
They underplay facts like oil companies are actually publically owned by millions of people all over the world. They play on the public's ignorance of fungible commodities in a global market, the effects on prices by demand coming from emerging markets like China and India. They arbitrarily assert that oil companies are making too much money, and decide to increase taxes and burdens on Big Oil.
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1-When oil was $20 a barrel in the 90's, and Big Oil wasn't so big, how do you think they maintained opperations and paid their executives millions of dollars a year? SUBSIDIES!! They cried for, and got, our tax money to keep them afloat. Not very big Capitalists back then, huh? Now that oil is $120 a barrel all the profit they make is theirs? PUUULEASE!!! Also, we are STILL SUBSIDIZING THOSE MUTHERFUCKERS so this idea that the $20B Exxon makes every 4 months should be theirs and all theirs is fucking ridiculous.
2- The wants/needs of a few million people who own shares for profit is more important and should trump the wants and needs of 300M citizens? No thanks. I disagree. The few people who own shares can actually suck cock and play by OUR rules, not the other way around.
US Constitution > WTO Guidlines IMO...
Besides, somebody has to make a move to quit funding Saudi Arabia and other OPEC nations. Everytime you and I pump gas those rag head fundy's get richer and richer. This has to end, and Big Oil isn't going to spearhead a transition to renewable/alternative energy (something most americans citizens/consumers want), so we Americans are going to use politics to acheive this. Obama has said he will raise tax on Big Oil and use the proceeds to fund American businesses who are developing new sources of energy. I have no problem with this. No problem what so ever.
Of course you might say that I only want a renewable energy infrastructure, and choose to tax profitable corporations to acheive this, because I'm brainwashed by lobbyists and their owned politicians, but on the same hand I could say you support Big Oils profit machine and "market efficiencies" because you're brainwashed by marketing, commercials and right-wing think tank efforts.