Our Big Oil Companies now making a fortune …on us

[scook]

It makes sense that fossil fuel organizations would favor Republicans, since democrats have pronounced their goal of putting them all out of business.

Regarding hypocrisy, oil company executives have a legal, fiduciary responsibility to their shareholders (many of them pension funds that regular people depend on for their incomes) to produce profits. I find it annoying that prices at the pump always seem to come down more slowly than they should, but as Pipe pointed out, they lost a bunch of money very recently. Not seeing the hypocrisy here.

On the other hand, look no farther than Biden. Swearing to shut down fossil fuels, starting his first day in office - no more drilling on federal land, etc. and now threatening to fine companies for not extracting the maximum, drilling on their leases, etc.

Republicans loving high oil prices? They must have said that on CNN - no one with a scintilla of critical thinking could honestly make that claim.

[bgreene]

Originally Posted by scook

It makes sense that fossil fuel organizations would favor Republicans, since democrats have pronounced their goal of putting them all out of business.

Regarding hypocrisy, oil company executives have a legal, fiduciary responsibility to their shareholders (many of them pension funds that regular people depend on for their incomes) to produce profits. I find it annoying that prices at the pump always seem to come down more slowly than they should, but as Pipe pointed out, they lost a bunch of money very recently. Not seeing the hypocrisy here.

On the other hand, look no farther than Biden. Swearing to shut down fossil fuels, starting his first day in office - no more drilling on federal land, etc. and now threatening to fine companies for not extracting the maximum, drilling on their leases, etc.

Republicans loving high oil prices? They must have said that on CNN - no one with a scintilla of critical thinking could honestly make that claim.

Big oil supports republicans - big oil is now making a fortune on high oil prices.
FACTS

[scook]

Yeah - I think their profit was around 4%-4.5%. When business volume is huge, a moderate profit is huge in absolute, but not necessarily relative terms. Are you making a fortune on an investment that returns that rate, particularly when inflation is far above that?

Yes - Republicans have an actual understanding of what works to have a strong enough economy to be able to afford to pursue other goals. Democrats are so ideologically driven that they are blind to the massive destruction they are doing to the economy, promoting lawlessness and building a debt so huge that repayment will either be impossible or require printing massive amounts of money, in either case probably costing us our leadership position in the world, and the dollar as the trusted world currency.

[bgreene]

Originally Posted by scook

Yeah - I think their profit was around 4%-4.5%. When business volume is huge, a moderate profit is huge in absolute, but not necessarily relative terms. Are you making a fortune on an investment that returns that rate, particularly when inflation is far above that?

Yes - Republicans have an actual understanding of what works to have a strong enough economy to be able to afford to pursue other goals. Democrats are so ideologically driven that they are blind to the massive destruction they are doing to the economy, promoting lawlessness and building a debt so huge that repayment will either be impossible or require printing massive amounts of money, in either case probably costing us our leadership position in the world, and the dollar as the trusted world currency.

Debt ?
Under Trumps policies of tax cuts for corporations our debt surged .
FACT.
Trump loves debt - personally and for our country .

[wellcraftv20step]

BAAAHHH BAAHHH BAAHHH says the Sheep

[scook]

Yes indeed.