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SportTrac Discussion
Engine & Drivetrain
ExxonMobil earns Record $10 Billion Profit in Quarter
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<blockquote data-quote="John Mastrocco" data-source="post: 545251" data-attributes="member: 54595"><p>The President and Congress (The Government) may not be responsible for the high prices, but the Government is responsible to look into it when there is the possibility that many companies acting together or one company are artificially inflating prices to increase profits. There are laws in the US governing that type of activity. But the people that look into those types of things must have the desire to do it. I don't see anyone in Washington that looks even mildly interested.</p><p></p><p></p><p></p><p>Think about it?</p><p></p><p></p><p></p><p>Who are the biggest buyers of oil futures? Big oil companies. Who has the most traders on the commodities markets? Big oil. Who supplies the most oil/gasoline to the commodities market or is involved in supplying the oil/gasoline? Big oil. Who is in the best position to manipulate oil/gasoline prices on the so-called free market? Big oil. </p><p></p><p></p><p></p><p>Who is making money on BOTH ends of the deal? Big oil.</p><p></p><p></p><p></p><p>Who isn't even mildly interested in looking to see if there is anything fishy going on with oil/gasoline prices? The US Government (Congress and President both.) Who gave those very same companies huge tax incentives during a period when those companies were making record profits? The US Government. Who got huge donations to their election campaigns from those companies that are making record profit AND getting huge tax breaks? The elected members of the US Government.</p><p></p><p></p><p></p><p>If it looks like a skunk, walks like a skunk, sounds like a skunk and smells like a skunk it's probably a skunk. At the very least you should check to make sure and not just assume it's a black cat that got sprayed by a skunk after walking under a highway striping machine.</p></blockquote><p></p>
[QUOTE="John Mastrocco, post: 545251, member: 54595"] The President and Congress (The Government) may not be responsible for the high prices, but the Government is responsible to look into it when there is the possibility that many companies acting together or one company are artificially inflating prices to increase profits. There are laws in the US governing that type of activity. But the people that look into those types of things must have the desire to do it. I don't see anyone in Washington that looks even mildly interested. Think about it? Who are the biggest buyers of oil futures? Big oil companies. Who has the most traders on the commodities markets? Big oil. Who supplies the most oil/gasoline to the commodities market or is involved in supplying the oil/gasoline? Big oil. Who is in the best position to manipulate oil/gasoline prices on the so-called free market? Big oil. Who is making money on BOTH ends of the deal? Big oil. Who isn't even mildly interested in looking to see if there is anything fishy going on with oil/gasoline prices? The US Government (Congress and President both.) Who gave those very same companies huge tax incentives during a period when those companies were making record profits? The US Government. Who got huge donations to their election campaigns from those companies that are making record profit AND getting huge tax breaks? The elected members of the US Government. If it looks like a skunk, walks like a skunk, sounds like a skunk and smells like a skunk it's probably a skunk. At the very least you should check to make sure and not just assume it's a black cat that got sprayed by a skunk after walking under a highway striping machine. [/QUOTE]
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SportTrac Discussion
Engine & Drivetrain
ExxonMobil earns Record $10 Billion Profit in Quarter
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