by
Carl Hampton
08/04/2006
As the FAT CAT Oil Companies get richer
by the day, the average American is working
harder and longer for less money. Hello!!!!!
What's wrong with this picture????? How long
can this go on!
At the end of July, all the oil companies
reported massive jumps in their revenue and
profits. Was this profit made from LEGALLY
MUGGING the American public? Let’s have a
look at the facts.
Two of the top three oil companies in the
world, Exxon, Mobil and Shell recently
posted combined second quarter profits just
under $18 billion on record high prices on
crude oil. Both companies had exceeded
market expectations. Nice, as long as you
are not (the average American) struggling to
make ends meet.
Exxon and Mobil managed a 12% rise in
revenue to $99 billion. The first time a U.S
company had passed the $1 billion a day for
a trading quarter. As I was filling up the
tank, I remember thinking how pleased I was
about that little bit of history.
This second quarter has shaped up as the
richest three months ever for the six
largest oil companies. ConocoPhillips, the
U.S third largest oil company, was pleased
to tell us that PROFITS had jumped 65% to a
record 5.19 billion. The Energy Department
in Washington reported that U.S retail
prices rose by 30% from last year.
There is no other industry that could get
away with this type of behavior. At the
first sign of any problem anywhere in the
world, UP goes the gas prices and WHO pays
for this, we do as Americans. We are told by
our LEADERS that the oil companies are
(protecting) their margins. Get a clue ---
record REVENUE and PROFITS is NOT
(protecting) your margins it's LEGALIZED
MUGGING of the American public, pure and
simple.
You would think our LEADERS would want to
PROTECT the great American public from this
type of suffering, but you would be wrong.
We never seem to be very far away from
another election and election campaigns cost
money BIG MONEY. Enter the oil companies
with their very deep pockets. All the time,
we as the people continue to allow
politicians to spend these obscene amounts
of money on their election campaigns we will
always be subject to the power of these
special interest groups.
Will someone PLEASE explain to me how they
can justify spending tens of million of
dollars on a Senate seat election and
hundreds of millions on a Presidential
election??? After all these jobs pay only a
few hundred thousand dollars a year in
salaries at best. What do we get for this
money? Answer: LIES AND SMILES. They all
promise to make a difference and they do -
WE ALWAYS SEEM TO END UP WORST OFF.
Wouldn't it be nice if politicians pay was
related to productivity and results! Wonder
how many of them would want the job then?
Have an opinion or a question you would like
me to answer, then write me!
http://www.CarlHampton.com
