At this point in time in America, is there anything that will shock us, or are we a downtrodden people who don't believe we can do anything about our problems? The American public, 300 million strong, must stand up and denounce the oil companies, which last year pulled in record profits from our pockets.
This is very telling, very corrupt, very unfair to the consumer, and very bad for the economy.
Or, should I say to the 99% of Americans who can't afford anything anymore.
It was announced that in 2005, Wal-Mart was finally dethroned as the#1 moneymaker in the Fortune 500; Wal-Mart, the low-priced store that the 1% of the people who control America's money wouldn't dare be seen inside.
Who was the number one moneymaker in 2005? Exxon-Mobil.
Everyone keeps asking why gas prices are not coming down.
We hear every excuse imaginable, but the fact of the matter is Exxon-Mobil raked in (I won't say earned) $340 billion last year (34 billion in profit).
Now, and I must ask, as all Americans should: If oil prices have gone through the roof, and continue to keep soaring, how did Exxon-Mobil raise their net intake 25.
5% from 2004? If they had stabilized their prices in this time when people are forced to choose between gasoline and basic necessities, and were content to keep their 2004 status quo, then the prices we pay at the pump would be 25.
5% less than they are now.
The average gallon of gasoline is approximately $2.
40 (after a huge jump the last two weeks).
Subtracting that 25.
5% extra profit Exxon-Mobil made over 2004, something they should have done to help America, our gas prices would average $1.
78 a gallon.
Still too high, but much more manageable for the American family and taxpayer.
We can't just blame Exxon-Mobil; there are many oil companies that are gouging the American people, ruining its economy, thus weakening our country, creating crime and death, hunger, pain, and suffering.
ChevronTexaco had an increase of 28% over 2004 making them the #4 company on the Fortune 500 list.
If they cared about the effect they had on our country and continued to enjoy the same profits as in 2004, the price at their pumps (again based on $2.
40 gallon) would be $1.
72 a gallon.
The #6 company on the list this year is ConocoPhillip, which saw their revenues skyrocket to an incredible 37% in 2005.
Again, using the same formula as above, their price would be reduced to $1.
51.
Compare these increases to other Fortune 500 companies this year: Wal-Mart had a 9.
5% increase, down from its usual high teens increase in sales; GM's revenues decreased ½%, while Ford rose less than 3%; GE rose 3% while IBM dropped 5.
4%.
The airline, motor vehicles, and building materials industry all lost money last year.
Housing prices, which saw record growth, has finally come to a halt and house prices are now slipping as house taxes for each city and town are rising to pay for its multiple fuel needs.
One must realize that the way oil goes so does our economy.
With prices of gas so high, it affects every form of business, small and big.
Many small businesses have been put out of business because they can't afford to do business any longer.
Airlines are dropping by the wayside, or driving up prices, or consolidating flights to the inconvenience of the potential customers they rely on so as to stay in business.
From retail stores to restaurants (many going out of business) to tourism to supermarkets, etc.
etc.
etc.
prices have skyrocketed so these industries can pay their suppliers the extra money they are being charged, and so forth and so forth, down the line.
In this time of national crisis, the oil companies should take the lead and help end this destructive pattern of greed before inflation spirals into another recession.
Fifteen straight increases in the Fed speaks volumes.
George Bush and Dick Cheney should regulate the oil companies, do something to rein in their price gouging.
Why isn't this administration doing anything when they can do something about it? Why is this failing administration avoiding this economic free-for-all for the rich, while the middle class joins the lower class? Lest we forget: Bush and Cheney and so many of their friends and politicos are in the oil business.
This is just more irrefutable proof that the rich get richer and the poor get poorer.
Is this freedom? It sounds more like an executive branch of government, which has expanded its powers for personal gain and revenge.
There is only one way out and that it to speak as one voice.
Whether it be censure or impeachment, or calling your congress people and demanding that something be done, or voting for a just America at the polls in November, we still own this country.
If we do nothing, then we are allowing the money mongers to take control, abuse us, and rake in whatever money we still have to our names.
This is very telling, very corrupt, very unfair to the consumer, and very bad for the economy.
Or, should I say to the 99% of Americans who can't afford anything anymore.
It was announced that in 2005, Wal-Mart was finally dethroned as the#1 moneymaker in the Fortune 500; Wal-Mart, the low-priced store that the 1% of the people who control America's money wouldn't dare be seen inside.
Who was the number one moneymaker in 2005? Exxon-Mobil.
Everyone keeps asking why gas prices are not coming down.
We hear every excuse imaginable, but the fact of the matter is Exxon-Mobil raked in (I won't say earned) $340 billion last year (34 billion in profit).
Now, and I must ask, as all Americans should: If oil prices have gone through the roof, and continue to keep soaring, how did Exxon-Mobil raise their net intake 25.
5% from 2004? If they had stabilized their prices in this time when people are forced to choose between gasoline and basic necessities, and were content to keep their 2004 status quo, then the prices we pay at the pump would be 25.
5% less than they are now.
The average gallon of gasoline is approximately $2.
40 (after a huge jump the last two weeks).
Subtracting that 25.
5% extra profit Exxon-Mobil made over 2004, something they should have done to help America, our gas prices would average $1.
78 a gallon.
Still too high, but much more manageable for the American family and taxpayer.
We can't just blame Exxon-Mobil; there are many oil companies that are gouging the American people, ruining its economy, thus weakening our country, creating crime and death, hunger, pain, and suffering.
ChevronTexaco had an increase of 28% over 2004 making them the #4 company on the Fortune 500 list.
If they cared about the effect they had on our country and continued to enjoy the same profits as in 2004, the price at their pumps (again based on $2.
40 gallon) would be $1.
72 a gallon.
The #6 company on the list this year is ConocoPhillip, which saw their revenues skyrocket to an incredible 37% in 2005.
Again, using the same formula as above, their price would be reduced to $1.
51.
Compare these increases to other Fortune 500 companies this year: Wal-Mart had a 9.
5% increase, down from its usual high teens increase in sales; GM's revenues decreased ½%, while Ford rose less than 3%; GE rose 3% while IBM dropped 5.
4%.
The airline, motor vehicles, and building materials industry all lost money last year.
Housing prices, which saw record growth, has finally come to a halt and house prices are now slipping as house taxes for each city and town are rising to pay for its multiple fuel needs.
One must realize that the way oil goes so does our economy.
With prices of gas so high, it affects every form of business, small and big.
Many small businesses have been put out of business because they can't afford to do business any longer.
Airlines are dropping by the wayside, or driving up prices, or consolidating flights to the inconvenience of the potential customers they rely on so as to stay in business.
From retail stores to restaurants (many going out of business) to tourism to supermarkets, etc.
etc.
etc.
prices have skyrocketed so these industries can pay their suppliers the extra money they are being charged, and so forth and so forth, down the line.
In this time of national crisis, the oil companies should take the lead and help end this destructive pattern of greed before inflation spirals into another recession.
Fifteen straight increases in the Fed speaks volumes.
George Bush and Dick Cheney should regulate the oil companies, do something to rein in their price gouging.
Why isn't this administration doing anything when they can do something about it? Why is this failing administration avoiding this economic free-for-all for the rich, while the middle class joins the lower class? Lest we forget: Bush and Cheney and so many of their friends and politicos are in the oil business.
This is just more irrefutable proof that the rich get richer and the poor get poorer.
Is this freedom? It sounds more like an executive branch of government, which has expanded its powers for personal gain and revenge.
There is only one way out and that it to speak as one voice.
Whether it be censure or impeachment, or calling your congress people and demanding that something be done, or voting for a just America at the polls in November, we still own this country.
If we do nothing, then we are allowing the money mongers to take control, abuse us, and rake in whatever money we still have to our names.
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