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Are
We Being Legally Mugged?
As the FAT CAT Oil Companies get richer by the day, the
average American is working harder and longer for less money.
Hello!!!!! What's wrong with this picture????? How long can
this go on!?
At the end of July, all the oil companies reported massive
jumps in their revenue and profits. Was this profit made from
LEGALLY MUGGING the American public? Let’s have a look at
the facts.
Two of the top three oil companies in the world, Exxon, Mobil
and Shell recently posted combined second quarter profits just
under $18 billion on record high prices on crude oil. Both
companies had exceeded market expectations. Nice, as long as
you are not (the average American) struggling to make ends
meet.
Exxon and Mobil managed a 12% rise in revenue to $99 billion.
The first time a U.S. company had passed the $1 billion a day
for a trading quarter. As I was filling up the tank, I
remember thinking how pleased I was about that little bit of
history.
This second quarter has shaped up as the richest three months
ever for the six largest oil companies. ConocoPhillips, the
U.S third largest oil company, was pleased to tell us that
PROFITS had jumped 65% to a record 5.19 billion. The Energy
Department in Washington reported that U.S. retail prices rose
by 30% from last year.
There is no other industry that could get away with this type
of behavior. At the first sign of any problem anywhere in the
world, UP goes the gas prices and WHO pays for this, we do as
Americans. We are told by our LEADERS that the oil companies
are (protecting) their margins. Get a clue --- record REVENUE
and PROFITS is NOT (protecting) your margins it's LEGALIZED
MUGGING of the American public, pure and simple.
You would think our LEADERS would want to PROTECT the great
American public from this type of suffering, but you would be
wrong. We never seem to be very far away from another election
and election campaigns cost money BIG MONEY. Enter the oil
companies with their very deep pockets. All the time, we as
the people continue to allow politicians to spend these
obscene amounts of money on their election campaigns we will
always be subject to the power of these special interest
groups.
Will someone PLEASE explain to me how they can justify
spending tens of million of dollars on a Senate seat election
and hundreds of millions on a Presidential election??? After
all these jobs pay only a few hundred thousand dollars a year
in salaries at best. What do we get for this money? Answer:
LIES AND SMILES. They all promise to make a difference and
they do - WE ALWAYS SEEM TO END UP WORST OFF.
Wouldn't it be nice if politicians pay was related to
productivity and results! Wonder how many of them would want
the job then?
Have an opinion or a question you would like me to answer,
then write me!
http://www.CarlHampton.com
Your Money Matters
By Carl Hampton
From the best selling Author of “From
Credit Despair To Credit Millionaire”
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