I believe the true reason gas prices are high is collusion between the financial institutions that run the oil exchange and the oil companies that produce the gasoline.
First, there are too many middle men who do nothing to produce oil or gasoline but are profiting from oil. These are speculators, many of whom are shills for our financial institutions and distributors who are nothing but shills of the oil companies. Both are responsible for driving up the price of gasoline.
Can our government leaders do something about these outrageous prices?
You bet they can. But will they?
Only when the people take action of removing these congressional pimps from Congress. I say congressional pimps because that is what too many in Congress have become. They are selling out the American people to the people that Thomas Jefferson identified as the greatest threat to this nation.
The taxpayers are giving the oil companies billions in subsidies and not getting anything in return. Congress can either eliminate these subsidies or demand the oil companies invest some of their profits into modernizing their refineries instead of closing them.
They can also require these companies to use a large percentage of American oil to produce gasoline that can be sold only in America if the companies wish to continue receiving these subsidies.
Congress also needs to investigate whether many of the oil wells in this country are being utilized or are they capped and not producing any oil today because the oil companies are waiting until oil prices are high enough to increase their bottom line, as many believe. Congress has the power to do many other things to protect the American people from these agents of greed.
I believe that if the American people knew the facts about how gasoline prices are being manipulated by the businesses that profit from it, the rational among us would demand congressional action.
Mickey Washington
Rocky Mount













Comments
Subsidies
Hey Mickey. The oil companies are not getting subsidies - you are listening to PBO who is shilling you. He's relying on you getting the short end of the stick when it comes to thinking. PBO is pimping you man.
Businesses get tax breaks - you get tax breaks too. Neither of you get subsidies. I'll spell it for you on some of your tax breaks. When you fill out your annual tax form you either take the "standard deduction" for exemptions, or you claim your mortgage interest, school loans (lol), church donations.. you know these kind of things.
Now, I could run around complaining that YOU get subsidies - but, I don't do that because these are not subsidies to you. These are correctly termed tax breaks. Don't let PBO tell you stuff and you go off believing. He's lying to us all - let me tell you this - he has huge holdings in oil company stock and the reason gasoline is SO HIGH is because PBO won't let it drop none. You get it now?? A change is a comin'.
Not True
Oil companies do not receive subsidies. They receive business deduction just like any other business. Oil companies make about 7 cent on a gallon of gas. Every time the price goes up, the federal and state governments make more and more because taxes are keyed to the sales price. Government makes several times more off the sale of gasoline than anyone else. Oil companies pay over 40% tax on profits.
If you want to find out who is the criminal, follow the money. The government is getting more money than any other entity. The government has a vested interest in keeping prices high.
So, before you buy the lies that Obama is selling, get your facts straight.
The congress just refused to take away the deductions that oil companies get for oil exploration. This was a bipartisan effort.
Bottom line, taxing oil companies MORE will result in even HIGHER prices. Wake up and smell the coffee. TAXES can never be raised enough to help the situation. What will help the situation is to allow drilling on government lands. If it weren't for private drilling now going on, Obama could not boast increased oil production. He didn't do anything to increase this production, it was done IN SPITE of his administration.
Obama must go.
Preach it !!!!!
Amen and Amen!!!!!!!!!
Cecil Ray!!
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