Update: We The People are playing the victim once again. "Its Big Bad
Oil" The decision to buy a behemoth SUV? Did Big Oil put a gun to your
head? You blame Big Oil for your not-yet-paid-for 52" LCD TV. Not
making the kind of money you hoped to?... its not your fault, blame Big
Oil.
A quick comment pug's post: You made some good points but that would be asking way too much, we're too used to complaining and not doing anything.
5/22/08: If high oil industry profits coincide with high pump prices,
the logic goes, then reducing those profits via taxes/caps on profits
will somehow lower prices at the pump. I've got bad news for you...it
doesn't work that way. It would only disrupt the balance, by way of
increased oil imports. Oil companies invest their profits in foreign
countries with the
intension to increase capacity. The idea is to get MORE oil in
the market, that will help bring down prices. In the free markets, if
something cant be produced for a profit then soon it will no longer be
produced. You won't like the result of that either.
