I started driving 10 years ago, and gas here was under $.90/gal. Gas prices have almost quadrupled in the last 10 years, and most of that has been the last 5 years. And the oil companies are making more profit and getting more tax breaks than ever. I really can't wait to have this oil bafoon out of office.
Yeah, when president ****forbrains was elected (or should I saw TOOK office, since he LOST the election), gas was like $1.75. I don't think anything else has noticbly inflated since then, but now gas is pushing $4. AND oil refineries have more gas than they know what to do with, production way exceeds demand and there is no shortage to explain this. They make record profits, WHY? I wonder if a new president will actually make any difference on this. I doubt it, since this country is run by corporations and lobbyists.
I am tired of hearing about the evil, terrible, oil profiteering, economy trashing, George Bush! The man can barely talk, let alone affect our economy, or gas prices for that matter. I am also tired of hearing how the Evil Oil Companies are making so much money off of us. Most of Americans just repeat what they hear on the news or read in the paper. Here are a few facts for you guys.
1. The imbedded Federal and State taxes on one gallon of gas averages 78 cents.
2. Big Oil's profit on one gallon of gas is 11 cents.
3. Big Oil has not raised their "profit margin" in over eight years!
4. China, and India have increased their oil usage over 200 percent, in the last five years.
5. The price of Oil is figured in American Dollars. The Dollar is weak right now, which is a HUGE contributor to the price of oil.
6. The United States Government (not Bush!) has not approved the building of any "oil refineries" in the United States in the last twenty years.
7. The United States Government (not Bush!) refuses to let us drill in Alaska, on land that was specifically set asside for oil drilling. (Anwar).
8. Middle East Sheet Heads refuse to boost up oil production, in light of China, and India's increased oil consumption. Thereby creating less supply and more demand.
9. A gallon of gas in the Middle east averages 20-35 cents a gallon.
10. Ethanol production in the United States has gone up 500 percent in the last five years. You cannot distribute ethanol through pipelines as you can oil/gas/diesal. Therefore you must "truck" the fuel around. Those trucks run on regular diesal. Thus increasing our demand for oil, and food (<--That is another subject all together.)
I could go on like this forever. I do this sort of stuff for a living. I do not wish to start a fight, just wanted you guys to hear the truth once! If you do not believe me, research it. The news and papers do not count. Those sources are more like fiction. I will be glad to debate or answer any questions.
I just paid 3.91 for premium and it isn't even summer yet
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