In Defense of "Big Oil"

[mhall]

I'll come down on Grumpy's side on this one. Looking at the big picture, running down the gas producers is not the answer. The oil companies aren't making anymore profit per gallon than they ever did. It's been said again and again, consumption is up. They sell more gallons they make more money. Why's that so hard to grasp?

Now the oil companies are far from angels, I think some gouging does go on, and they definitely are part of the problem. But to put the oil companies under government control, which is what many of you want will be an absolute disaster. You can listen to the liberal pols blame everything on the oil and insurance companies if you want, but I ain't buyin' it.

BTW, you'd be surprised in how many of you have ownership in oil companies. Check out your 401k plan and get back to us on that.

My 401K has alot of oil stuff, dang brother I ain't stupid, lol. But I'm still taking it in the rear. I think this supply and demand thing is being VASTLY overplayed and it has become the blanket automatic response to the incredible spikes at the pump. Trust me if I would have been President, they would have already Impeached me because I would have made a big Sand Dune out of Iraq, Iran, and most likely Afghanistan and we'd have so much oil we'd be like Jed Clampett. This country is now full of panty waste Pu$$--- that cry about everytime somebody crushes an earthworm. Remember the Alaskan Pipe line, it was going to stop and desimate the Caribou population. Now they are there in record numbers and the Cows take the young there to stay warm during the harshes times of winter. My point in all this is there are truths on both sides of the fence. The big three can make cars and trucks that get 50 miles to the gallon, I'd bet my left one on it. Why don't they you ask......... because big Oil won't let'em. When you make 14 BILLION dollars in a quater while the country is basically going bankrupt you have got some serios MOJO baby and those Tenticles reach far and wide in this country beleive it. If any of you think there is NO price gouging or deliberate attempts to make more money on this delimena we are presently in then you are incredible Nieve. Top Ceo's at big oil are making 500 million dollars a year, unless you have a magic wand and can cure cancer with a single wave of it or solve world hunger with another wave of it, guess what they aren't worth one tenth of that, it's a freaking joke. Forget the government stepping in, at what point do those greedy ******** hold a meeting and decide maybe they are getting just a little too much of the pie and have some SELF accountability. I'm done with my rant and everybody on this site has the right to their own opinion including Moose. Good fishing to ALL my fellow anglers..

[stratosjoe]

WHEW ,MHALL let that bp come down alittle ...I could not agree with you more..

[DJD]

""Trust me if I would have been President, they would have already Impeached me because I would have made a big Sand Dune out of Iraq, Iran, and most likely Afghanistan and we'd have so much oil we'd be like Jed Clampett. This country is now full of panty waste Pu$$--- that cry about everytime somebody crushes an earthworm. Remember the Alaskan Pipe line, it was going to stop and desimate the Caribou population. Now they are there in record numbers and the Cows take the young there to stay warm during the harshes times of winter. My point in all this is there are truths on both sides of the fence. The big three can make cars and trucks that get 50 miles to the gallon, I'd bet my left one on it.""

Classic absolutely classic!! I loved it!

[RoadToad]

Remember the Alaskan Pipe line, it was going to stop and desimate the Caribou population. Now they are there in record numbers and the Cows take the young there to stay warm during the harshes times of winter. My point in all this is there are truths on both sides of the fence.

Very true, and you make a good point about the pipeline. But, if you're going to do that, I think it's only fair to give equal mention to the Exxon Valdez. Prince William Sound is still showing the effects from that spill, and probably always will.

No disrespect to anyone here, but I think what's really naive is believing that we can drill so much oil domestically that we'll no longer rely on imports, and prices will go down. Oil companies will still be in the business of making a profit, and will always do so. Not that I want them to be punished for that; that's the nature of capitalism, and despite leaning to the liberal side, NO I do NOT believe in socialism! If the oil companies go out of business, I want it to be due to competition from somebody who's developed an alternative.

[apb]

...No disrespect to anyone here, but I think what's really naive is believing that we can drill so much oil domestically that we'll no longer rely on imports, and prices will go down. Oil companies will still be in the business of making a profit, and will always do so. Not that I want them to be punished for that; that's the nature of capitalism, and despite leaning to the liberal side, NO I do NOT believe in socialism! If the oil companies go out of business, I want it to be due to competition from somebody who's developed an alternative.

I agree. You also have to consider that we do not have the refining abilities to refine much more oil right now anyway. If the US does drill much more, it will most likely be sold to China or other countries.

As far as oil companies going out of business, I don't see it. Think about it. If we do come up with an alternitive fuel source, it still has to be distributed. That is already set up with the existing oil/gas companies.

Andrew

[Grumpy]

We could have had more refineries than we could ever need and have drilled for more oil that we could ever need EXCEPT THAT THE TREE HUGGER S (LIKE MOOSE) HAVE PREVENTED IT in order to save the Red Ringtailed Garder Snake or some other such insane thing. I firmly believe in conservation and taking good care of our enviroment, but like political correctness, In God We Trust, et al, America has lost all its common sense and has gone way over board in the extreme.

Grumpy

[Moose1am]

As for building more refineries in the USA, the oil companies have not built any new one because they cost too much to build AND they have an incentive to not increase production. Increasing production will not increase their Profits when the world is running out of oil. And refineries have no effect what so ever on the price of OIL. OPEC has driven the price of OIL up by refusing to pump more oil. The OIL companies are driving the price of GAS up by refusing the build more refineries. Those people are not going to do anything to reduce their profits.

Don't blame me for this problem. Blame those that keep lying to people in order to keep us under the BIG OIL companies grasp.

Crude Oil Prices are going up and even Glen Beck (GOP TV TALKING HEAD) says that oil is drying up and prices will never come back down. He thinks that in the future we will think of $4.00/gallon gas prices as the "GOOD OLD DAYS".

[DJD]

I like Fox it gives me an opinion different than the run of the mill stuff from CNN, NBC, CBS and ABC. Nothing wrong with that!