Obscene Oil Profits?

business leaders, they are investing in trying to find new sources the enviro nuts will let them drill and new places to refine, so that they get prices to a reasonable level before people find alternatives that will destroy their long term profits.

10% is 10%.

I would like to see an investigation into "Big Education", at least oil companies provide a product and a service for their earnings. I see education as a "King has no clothes" scenario.

If oil companies products failed as often as education's products do, our country would be a stalled automobile inferno. All the birds would be oily.

I would buy that had the government not made it nearly impossible to explore for new oil or drill it once it is found. They have also made it impossible to build new refineries or other infrastructure. So no matter how logical, the executives simply have no opportunity to do things that make sense.

Anyway, if they were to put money into new infrastructure or prospecting, that should still be reflected int he stock. New plant construction tends to elevat3e stock prices, so new oil prospecting or infrastructure should also drive up stock prices.

Actually, oil companies have begun to invest in alternate energy sources, but they have been less than promising as far as I have heard.

Regardless, I still think the stock numbers just do not support the claims of the left (and others) that the oil companies are somehow experiencing windfall profits.

I agree with you that education is definitely a problem. If you look at some older essays you will see I have written about it a few times.

And I say this as the son of a life-long teacher. Then again, she has taught in private schools far more than public. Actually, though she is quite liberal in most of her political views, she also agrees education is a mess in the US. We do disagree on what needs to be done, but she is much more sensible on this topic than most on the left.

And you are right that at least big oil provides us with something. But that is probably why they are under attack. It seems the more useful a service is the more likely it will come under attack by do-gooders.

Why was DDT banned? Because it worked. Why is the military reviled? Because they get things done. Same with oil companies. They do their job, and it requires a lot of money to get that oil, so the conclusion is they must be rich, and so should be taxed to death.

Just absurd.