In which the middle-aged Peacenik mouths off about War Drones--and all the other things that make him cranky.

Mr Mahatma--who is a Mr in real life--lives in the valleys of Southern California with his wife, a herd of Dears, and an impressive collection of books. Pnorny!
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Little Mr Mahatma
 
Friday, April 28, 2006  
Chevron Profits

Chevron Latest Oil Co. With Colossal Earns - AP

Chevron Corp.'s first-quarter profit soared 49 percent to $4 billion, joining the
procession of U.S. oil companies to report colossal earnings as lawmakers
consider ways to pacify motorists agitated about rising gas prices.

One way to pacify us is to simply and drastically lower prices. If the oil companies are making record profits yet we still have enough oil, then we are being gouged - plain and simple. As I posted yesterday, where are the gas stations closures, long lines of cars waiting for fuel? Where's the odd/even days for filling up?


In the 1970's we had a gas crisis. No fuel and high costs. Now we simply have high costs and gauging by Big Oils profits it's obviously not necessary.


Don't expect the Bush Adminstration to do anything for us because he is not and never was on our side. This is his buddies he's feeding. They're feeding off us and it will only get worse as Bush seeks more ways to make things easier for his buddies, like relaxing environmental restrictions.


It's simple math. If we're paying $3.00 a gallon for gas and Big Oil is taking in, say, $1.00 in profit when normally it would take in $.25 in profit, then our gas prices are artificially too high. It should be then $2.25. Look at the profits Big Oil has made and figure out how much we should have been paying.


But it's not about fairness to us. It's about profits for them. It's Big Business and it's Capitalism. That's fair.


But it's also collusion and manipulation. That's not fair.


9:46 AM

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