Big Profit Makers Hit Us Where Our Needs Are
Obama has been powerless to curb these violations of our interests — the general public. He inherited an economy on the edge of collapse, was blocked by Republican vetoes from major reforms. If the Tea Party Republicans now take over the country as well as our media we may see a total collapse of our outdated national mentality. It is no longer post WW2 when we had the upper hand as Europe rebuilt its shattered industries which it modernized. Suddenly our dated steel industry to use one example could no longer compete. And the Chinese have us trapped with debts and low paid labor that is taking our American jobs.
And what is worse is that tax payers are subsidizing such as the Petroleum industry as indicated below. Health care is on the same track with U.S. funded research and drug companies profits there from.
And so we are going down hill fast.
Help!
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Petroleum industry profit-making is funded by US taxpayers – the gas companies profit by 300% and we pay to underwrite their research and development, overhead and expansion costs – then we pay at the gas pumps and we pay again, as diesel trucks fill up to transport goods then pass that cost along to us, too
Posted by cricketdiane under Alternative Energy, Alternative Fuels, Real Time Crises, Real-World, Reality-based Analysis, Save The Sea, Systems Analysis, US Government | Tags: Alternative Energy, Alternative Fuels, Energy, gasoline, Petroleum, state governments use of tax pools of money to fund gas – petroleum profits, transportation, US government use of tax money |
https://cricketdiane.wordpress.com/2009/07/16/petroleum-funded-by-us-taxpayers-they-profit-by-300-and-we-pay-to-underwrite-their-research-and-development-overhead-and-expansion-costs-they-we-pay-at-the-pumps-and-as-diesel-trucks-fill-up-to-t/
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“A war is just if there is no alternative, and the resort to arms is legitimate if they represent your last hope.” (Livy cited by Machiavelli)
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Ed Kent [blind copies]
3 users commented in " Big Profit Makers Hit Us Where Our Needs Are "
Follow-up comment rss or Leave a TrackbackThe gas companies do not profit anywhere close to 300%. Their profit figures vary pretty widely (they have good years and bad years) but on average are not atypical of other industries in either ROI or net profit on operations.
Gasoline prices are determined by the oil companies (and usage) and they take what they want from wherever. This is what the Iraq war was about. It was to be our center of control with a huge embassy built there by Bush/Cheney.
Ed Kent said:
“Gasoline prices are determined by the oil companies (and usage) and they take what they want from wherever. This is what the Iraq war was about. It was to be our center of control with a huge embassy built there by Bush/Cheney”
This is the most uneducated statement you have ever made, Mr. Kent. And that is saying a lot, because just about everything you write has no basis in fact.
The U.S. has not seized any oil wells from Iraq. The fact is, the Iraqi government has maintained control of their wells, and acually has had two successful contract bidding sessions internationally.
http://www.zawya.com/story.cfm/sidZW20101019000122
http://www.marketwatch.com/story/iraq-ends-successful-oil-bid-round-output-seen-tripled-2009-12-13
Keep lying to people, Ed. It used to work well for you ultra-liberal socialists. The problem is now people are actually doing their research and seeing what liars you are.
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