More Gas Crap

I could not help but laugh today at an interview I heard. A government leader from Chicago had the opportunity to ask the CEO of Exxon some question about price gouging and the increase in profits. This interview made our government sound about a stupid and incompetent about gas as I have been preaching.

First – He asked the CEO of Exxon about price gouging. Of course the response was "we do not set the prices on gas. It is set through the traders".

Second – There have been something like 200 investigation on the oil companies. These companies have no room to make a mistake. They are constantly under the microscope. They have no room or flexibility to hide things like Enron.

Third – The CEO of Exxon actually tried for the first time publicly (that I’ve heard) asked why does the government tax the gas business as much as they do. Obviously no response came for the poor boy from Chicago.

Fourth – If you look at the percentage of profit Exxon makes it is within 1 % of any other big company (Microsoft, etc.) in the US. It’s just they sell more of there product which of course is going to give them more profits.

Fifth – Only 30% of Exxon’s profits come from the US. Only 30%! The rest is from foreign countries, which once again they do not set the prices.

Sixth – The reason US companies like Exxon have merged with other companies is to stay competitive with foreign governments. That’s right…not foreign companies but governments. If they would stay all independent small little American oil companies could you imagine how much more dependent we would all be on foreign oil?

Seventh – Once again I will say, I not for big oil but I’m also a businessman and I can respect someone who can make a profit. If the company is not gouging anyone, hey it’s America and more power to them to make more money.

Eight – The government has been investigating Exxon and have not been able to find any price gouging. No kidding… once again they are not in control of the price and the government for some reason cannot figure this out.

Ninth – Hey government…when are you going to lower your taxes and give us a break. You sure in %^&* don’t give back to us…you just take.

Tenth - If you decided to drive a vehicle that gets bad as mileage...that's your problem. So either sell the thing or suck it up. None of you should get any type of rebate and like my friend Ken said and I could not agree more "driving is a privilege".

I think all of this is nothing but a political game between both parties and all they (government) are looking for is votes.