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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?


To: PROLIFE who wrote (121553)4/26/2008 3:16:53 PM
From: Kevin Rose  Read Replies (1) | Respond to of 173976
 
Yada yada socialist yada yada

No one makes higher profits than Big Oil, regardless of percentage. Percentage means nothing when the price of oil skyrockets. If Exxon makes $20b profit w/oil at $30 and $200b profit when oil hits $300, is that right? I don't think so - they didn't make that extra profit on product innovation or by being a better company - they made it because they are a Hydra-monopoly during a period of global destabilitzation.

In times like this, when global stability is at a precipice, we need to put US first. If that means limiting the absolute profits of Big Oil, or forcing them to reinvest it, then its something we have to do. We're in a global economic death match with China, and we're losing. Time to use our strength.