Impose Freeze on Oil Prices
How can the gas/oil companies still continue to defend rising prices when they are making millions of dollars a minute?
Anger over oil profits is justified, especially now that we know about things like the $400 million retirement package for outgoing chairman of Exxon, Lee Raymond. Give me a break.
The Foundation for Taxpayer and Consumer Rights released a new study yesterday that confirms that rising gasoline prices in California are because of “corporate markups and profiteering” not rising crude costs or the national switchover to higher-cost ethanol, as the oil industry claims.
Is anyone calling for Bush and the US Congress to freeze gas and oil prices to reasonable levels, as Nixon did? Is there any investigation going on at all?
Is anyone capable of and willing to put any sort of leash on the runaway greed that has led to so much exploitation and death?
5 thoughts on “Impose Freeze on Oil Prices”
$400 Million retirement package huh?
I’m sure he deserved it also.
Well if Congressman can take our tax dollars for the rest of their lives without paying into a retirement, why can’t a corporation pay a former CEO $400 million? Since that has nothing to do with the price of a barrel of oil, I couldn’t care less if they wanted to pay him a $1 billion for a retirement package. The oil companies don’t set the price of oil, the market does.
“What luck for rulers, that men do not think”.-Adolph Hitler
Sigh. You sure have to work hard to miss the point, Scott.
Try doing some research into the background of your opinions. It would really help. For instance, this idea you have about Congress… well, it’s an urban legend. They do receive a bit more compensation for service than they would at the same salary in the corporate sector, but our salary structure is still pretty low for Congress. It’s a perk for their service. Here’s what it says at About.com:
Also check out the pages I’ve linked at:
http://www.senate.gov
http://www.snopes.com
There is nothing stopping you from doing a little background research.
I don’t have to do research it is all done for me and just because one person gave his opinion on why the cost of California gasoline prices went up so high doesn’t mean that is the reason. I can do my own research and come up with the opposite answer he gave and I would be just as correct. You can believe that what that guy said was true, but I don’t believe it for a second.
I stand corrected, but it is still our tax dollars that will be funding their $40,000.00+ retirement. You can’t argue with that since it is our tax dollars paying thier $100,000.00 salaries in the first place.
My whole point was that it wouldn’t matter how much the CEO gets in retirement it wouldn’t have any effect on gasoline prices. The Oil companies don’t set the price of Oil.
Scott – It’s not some guy’s “opinion.” Read the whole study from The Foundation for Taxpayer and Consumer Rights – sheesh.
Yes – our taxes pay, just as they pay a lot of other things, like Veteran’s Benefits, for example. It’s a boondoggle, having nothing to do with the topic at hand.
What the CEO gets may or may not have any effect on prices, but things like that are a slap in the face when they are making millions of dollars a minute in record-breaking profits. Who is paying for their tax breaks, their obscene profits, etc? We are. Don’t kid yourself.