Wednesday, April 06, 2005

More on oil company profits...

Macon Telegraph | 04/06/2005 | Slowing the economy with speedy gas prices: "Also astounding are the big oil company profits. Exxon Mobil, the world's largest oil company, had a $26 billion after-tax profit in 2004. Chevron Texaco's profits soared 85 percent and Shell made $19 billion...In America, our appetite for fuel seems as insatiable as our appetite to make money. Many analysts agree that this latest run up in price has been fueled by oil speculators. President Bush could put an end to that by releasing some of the nation's oil reserves of 314.7 million barrels."

Of course he won't do this. He's making too much money. Don't forget, there were "closed door" energy sessions w/ Cheney, et al. And don't forget, we found out last year that Enron orchestrated the "energy crunch" in California that helped Ahh-nold get elected.

Bush and his cronies are gonna use this to motivate Americans to agree to open up drilling in Alaska. And then bush is going to use that precident to open up drilling in all of our national forrests. Yosemite? Grand Canyon? Be prepared for the lovely backdrop of oil rigs in your family vacation pictures.

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