Politics of Energy Message Board

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Politics : Politics of Energy

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To: RetiredNow who wrote (8800)	5/31/2009 9:08:25 PM
From: Brumar89	Read Replies (1) of 86356

Peak oil is an argument against your idiotic idea that prices are politically determined. From 2001-7, Big Oil raked in half a trillion in profits. Let's see if they make that much from 2009-2015 under Obama. I bet all the preferential treatment oil companies got under Bush will come to a crashing halt under Obama. Oil prices may still go up, in fact, I do believe they will given that the dollar is collapsing, however, oil companies may not be as profitable since their sugar-Daddy Bush is no longer President. They may be more profitable. The only thing Obama can do to lower their profit significantly is to SEIZE their profits. This will make prices even higher. $500 a barrel anyone?

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