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Gas is $9 a gallon in Europe, so ours is still a bargain. But the price is the result of Americans not realizing the inevitability of something that is finite. The world is using 85 million barrels of oil a day and produces 85 million barrels a day. Henceforth any oil shock that reduces production is going to drive the price. Not to mention the speculators who have driven the price up also. Sure, the oil companies are making obscene profits but isn't that the idea behind capitalism?
"Obscene profits but isn't that the idea behind capitalism?" Well I'm glad to see your OK with the oil companies setting up a puppet government to get subsidies from the tax payers and to get tax payers to bankroll another war for oil. Walk outside and kick the ground a few times and look down. That's coal. Now try to imagine the government investing the same trillions of dollars they flush in tax dollars on oil companies and wars for oil on developing away to use coal cleanly. If coal was a clean energy source the United States would be Saudi Arabia. The whole world is in turmoil over oil and it is controlled be a very few people. The same ones that control the government. What about billions in no bid contracts to Halliburton and then they move their company headquarters to Dubai so they don't have to pay any taxes on the free tax payer money they get. Now that's capitalism at its best. So make sure you vote for McCain. He wants to give those same oil companies a 30% tax break. TIME FOR A CHANGE!
Hey Cambridge, I agree with you. But we have nobody to blame but ourselves. We elect a moron who is beholden to big oil and we get a war based on oil and high energy prices! The moron even picks the ex CEO of Halliburton as VP and we're surprised Halliburton gets the no bid contracts! As for Exxon Mobil and the others, they are doing exactly what capitalism tells them they MUST do, make as much money as they can and create shareholder value.
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