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Old 06-29-2008, 11:06 PM   #10 (permalink)
Elf1
Registered Member
Posts: 143
What a democrat thinks about oil prices...

1. Blame oil companies. Failing to understand that the oil company profits are pretty stable at 9% profit margin, and much lower than businesses like tech and drug companies. Also failing to understand that big profits get passed onto all those who were smart enough to buy stock. Part of blame game.

2. Blame speculators. See #1. Part of blame game.

3. Give excuses on how drilling won't save $$$ or reduce cost per gallon. Part of "don't blame me" game.

***All of this is just 1 part of the problem. If there was more oil, there would be problems with refinery capacity. Haven't built a new refinery in something like 30 years. And the refineries that we have...are outdated. Every time oil companies try to improve them, fix them, etc., a new federal lawsuit is filed against them prohibiting them from doing anything.
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