Beating up on the oil companies
- By William Stephenson
- Published May 22, 2008
William Stephenson
William Stephenson has been writing on various subjects for years now. His web presence is testament to his authority on many things. You can find more about him at William Stephenson AllYourPrints.com
I don't think that we need to be taking our frustrations out on the oil companies simply because supply and demand and our ineffective energy policy has gotten the best of us.
For years and years the oil companies saw their barrels of oil fetch $20 instead of $125+ today. Who was on their side then? We keep hearing about record oil company revenues, but after one takes out the cost of doing their business, their actual profits are actually down slightly. Yes, the numbers are huge,
but so is the American consumers desire for oil consumption.
We have not built a refinery in the United States for over 30 years now. This is policy based. Nobody wants it in their back yard, yet everyone wants to enjoy the spoils. Let's take a hard look at our own policies we set in Congress and stop beating up on some of our finest examples of capitalism in the United States. What separates ourselves from much of the rest of the world is our capitalist friendly nature.
Enough Already!
For years and years the oil companies saw their barrels of oil fetch $20 instead of $125+ today. Who was on their side then? We keep hearing about record oil company revenues, but after one takes out the cost of doing their business, their actual profits are actually down slightly. Yes, the numbers are huge,
We have not built a refinery in the United States for over 30 years now. This is policy based. Nobody wants it in their back yard, yet everyone wants to enjoy the spoils. Let's take a hard look at our own policies we set in Congress and stop beating up on some of our finest examples of capitalism in the United States. What separates ourselves from much of the rest of the world is our capitalist friendly nature.
Enough Already!
