re: Who's Greedier: Big Oil or Multi-National Drug Corporations?

jim.adams2 — Sat, 21 Jun 2008 17:22:26 GMT

After having listened to many discussions by many experts on CNN, CNBC etc. with divergent opinions including the retired CEO Rayburn being interviewed by Beck and read a full page ad of ExxonMobil perspective, the use of $USD is a phony argument, Bush et. al. and America chose to DEvalue the $USD as did the world, and logically the groups like OPEC want lots more $USD paper to maintain a real return. We have unbalance trade with China competing for oil. Also the highly touted high returns of HEDGE FUNDS have been speculating in OIL FUTURES DAILY I hope get burned by sharp drop in price since they are betting AGAINST AMERICA. There are many other factors impacting price beyond general greed including power-politics, demographics etc. and especially the lack of WILL of the DEM s running Congress to make possible the use of our OWN DOMESTIC HUGE RESERVES of oil in various forms and locations.Natural Gas that would have a great impact in the SHORT TERM according to the famous Mr. Pickens, expert oil man, who is putting his wealth into Natural Gas. Finally, to BE REALLY FAIR ONE MUST ONLY USE PERCENTAGES. EXXONMOBIL RETURN ON SALES IS ABOUT 8.5% WHICH IS APPROXIMATELY THE AVERAGE OF ALL INDUSTRIES! NOT EXCESSIVE. Politicians, talk show hosts and amateurs who don't do their homework are misleading the people and looking for a scapegoat instead of where the real blame lies for the crisis-bad decisiions by oilmen named Bush especially now pushing solutions when he is impotent to do anything rather than 8years ago when he had a Rep Congress and no lameduck illness. Also political parties and candidates for the election benefit, foreign and domestic enemies propoganda, foreign producers, very ignorant citizens, and certainly, not the least, years of DO-NOTHING Congress controlled by 71,000 lobbyists with tons of cash from LYING so-called Environmenalists (especially the greedy lying GORE) to buy bad votes, proven by thousands of scientists nobody pays attention to