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Topic: Who really owns Big Oil companies? |
Who really owns Big Oil companies?
Washington Examiner, by Editorial
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Original Article
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Posted By:LittleHoodedMonk, 1/28/2013 1:17:48 AM
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| Oil and gas companies have become a go-to punching bag for politicians looking to score easy political points. Many lawmakers and pundits routinely paint America´s oil and gas companies as poster children for corporate greed -- suggesting that these firms earn outsized profits that only benefit an elite group. That´s a powerful story. It´s also false. Research shows that the bulk of economic rewards reaped by the oil and gas sector are actually flowing back to everyday Americans. Their success is boosting the financial futures of millions of working families all across the country.
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Comments:
Surprise, surprise. We own them. We own their stock in our pension funds, mutual funds and IRAs. Who new?
We are the Great Satan and polluters. [No wonder I take Klonopin to sleep. The pills are blue now. Very confusing.]
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Reply 1 - Posted by:
jeffreyabigail, 1/28/2013 2:12:15 AM (No. 9143449)
I have never heard a Republican candidate of any office explain this. WHY NOT?!
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Reply 2 - Posted by:
Trigger2, 1/28/2013 3:25:37 AM (No. 9143465)
This is why the demonrats are hell-bent on destroying big oil - it benefits the little people and they can´t have that, especially when their mantra is to destroy the economy.
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Reply 3 - Posted by:
Spidey, 1/28/2013 3:49:00 AM (No. 9143476)
Well,big health insurance companies contributed billions to investment portfolios but Obama wants to wipe them out strictly on the dirty word "profit" which appeals to his money grubbing base.
Obama wants enough insurance companies to hang on to service government workers and unions while the rest of us schlubs have to grovel to an exchange.This all means we´re wasting billions on healthcare overhead by having 2 bureaucracies do the same work. We´ve already spent billions on Obamacare with no new people being insured.
So the same thing will happen to energy producers,even though eveyrbody needs them.The federal government already makes more per gallon in gas taxes than the oil companies make themselves. But since oil companies make any profit,they have to be punished to make Obama´s base happy.
Apple just had one of the best quarters in the history of business but I don´t see any excess profits tax headed their way,the same with Google,GE and Facebook.
Remember the left flipping out over no bid contracts given to Halliburton,even though they were already set up to handle government orders and billing? Their stock never really took off in spite of this.
Friends of obama are probably getting no bid contracts out the wazoo,reaming the taxpayers and adding to the debt,to keep his donors happy.
Cap and trade would have created trillions for world´s leftists to fund their pet projects like fighting climate change and hunger. One liberal nut put the cost at $14 trillion. Sure they´ll spend a few hundred billion on windmills,solar panels and batteries but the rest will go the the left wing,new world order marxists and socialists to buy even more votes.
There´s also a get even component to this as world whites would be hardest hit..
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