Those "record profits" don't take in any overhead. They are still turning about a 7% profit...after overhead. That fella runnin around bangin the drum on evil oil, evil anyone or business making over $250K...before overhead, is going to get his, because this time he HAS a record, and it aint a good one.
Think about this for a second, in the name of a greener, prettier earth, as is being painted. We aren't producing oil, but loaning two South American countries $2 Billion a piece to produce oil for us to buy from them, instead of ourselves, and just told all of the oil producing countries to step up production...so we could buy and use it. Does that make green sense to say we won't produce it to keep ourselves green, but then tell someone else to produce it so we can use it and still be green? Just said it yesterday. How about this? Just said yesterday as well that we need to raise taxes on the oil companies, because thats what he does, propose raising taxes on everyone, including dead people (reinstate death tax), which will drive even more oil companies out of America, and put even more people out of work...so we can purchase more foreign oil.
And in closing, that same guy that pits Americans against Americans, whom is now going around to college campus after college campus because he won't address the adults paying the bills as he digs for campaign contributions, is now blaming speculators for driving up the cost of fuel, based upon a warring Middle East, but used Executive Order to ban exploring or drilling anywhere in the US, where no wars are speculated to drive up prices.
The oil companies turn a 7% profit after paying overhead. How dare they? How dare they? Next thing you know, he will be condemning people for taking vacation when others can't afford it, and then they will be in his crosshairs. And who after them? Our presidents are elected to serve everone in our nation, not pit others against others, and others against others, and so on, and so on, and so on.
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Today's Featured Article - New Life for an Old Allis - by Tyler Woods. My friend Jon, has an old '39 Allis Chalmers B. He thought it a marginal tractor that had long since served its time. She smoked terribly and never had much power but he couldn't afford another so he was limping along with what he had. Jon's Allis has a small front loader and though it doesn't carry much, it serves his needs. It was the hard starting and low power that made him think it was time to replace the old girl. Jon called me to help him discover why his tractor wouldn't start
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