You know the line about demand for oil being so high that the oil industry just can't keep up, and our capacity is limited, blah blah blah? It apparently is just a convenient lie. The truth is they're now cutting production because they don't want to cause 'turmoil' in the fuel markets. They don't want to produce "enough" oil because having "enough" oil would bring the price and their profits down.
I don't like what the government does regarding oil, but just because the government's the bad guy, doesn't mean big oil is the good guy. I firmly believe the shortage is manufactured to maximize profit margins.
You have to be able to see that if oil existed in a truly competitive environment there would be no talk of cutting production. Why would any independent company in a competitive environment cut production of a commodity that is bringing a record high price? It's a manufactured shortage!
Wednesday, September 10, 2008
If this doesn't make you angry, check your pulse.
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Whoa! This has absolutely NOTHING to do with the American oil industry. The story you linked clearly shows that this is a decision taken by OPEC ministers. These people are not our friends.
OPEC is an international cartel that, if operated by US corporations, would be breaking antitrust laws. It has nothing to do with "maximizing profit margins", which is a business term. The action is intended to enrich NATIONS, including our enemies.
Exxon and the like do have limited capacity...which the Democrats artificially constrain by ridiculous drilling bans.
Big Oil really IS the good guy...if they could they would drill up and down both coasts, in Alaska, the Gulf and everywhere in between...all the while pumping money into the stock market and 401k plans.
Who's the bad guy? Those who stop us from using the 800B barrels of oil we have at our disposal in this country. BTW, that's not OPEC or Exxon.
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