05 April 2007

When did the U.S. become about the Corporations instead of about the People?




I heard on both the 6 p.m. and the 11 p.m. news and different network stations yesterday that gas prices are predicted to rise to $4.00 a gallon this summer. This is outrageous.



  • On the 11th of December, 2006, we paid $2.359 per gallon of gas.

  • On the 25th of January, 2007, we paid $2.439 per gallon of gas.

  • On the 13th of March, 2007, we paid $2.549 per gallon of gas.

  • On the 22nd of March, 2007, we paid $2.589 per gallon of gas.

  • On the 28th of March, 2007, we paid $2.649 per gallon of gas.

We do not drive a big SUV. Instead, we drive a small Hundai Elantra that has almost 100,000 miles on it. These miles were mostly aquired going to and from work. Where we live, there is no public transportation, since Perryopolis is classified as a rural area. When we moved here, we looked for apartments closer to where my husband works, but they were mostly for senior citizens, or they did not accept our 3 precious cats. Since we are not senior citizens yet, we found an apartment about 15 miles away.


That means we have to drive to work.


Now, it is ironic to me that driving to and from work is not tax deductible according to our H&R TaxCut software, but executives can deduct the cost of playing golf. Does this sound right to you?


And yet the price of gas continues to rise. Why?


According to USA Today at http://www.usatoday.com/money/companies/earnings/2006-01-30-exxonmobil_x.htm


ExxonMobil amasses record $36B 2005 profit

And according to Business Week at http://www.businessweek.com/investor/content/feb2007/pi20070201_663405.htm



Exxon Mobil (XOM)
Reiterates 5 STARS (strong buy)
Analyst: Tina Vital
The company posts fourth quarter operating EPS of $1.69, vs. $1.65
one year earlier, reflecting lower natural gas price realizations
and narrowed refining margins, and beating our estimate by 17 cents. Results exclude a tax benefit of 7 cents. Oil and gas production declined 0.9% but was above our expectations; we forecast 3% growth for 2007. We are increasing our 2007 operating EPS estimate by 55 cents to $7.12 and our forecast for 2008 by 78 cents to $7.59. Blending our discounted cash-flow and relative valuations, we are raising our 12-month target price by $5 to $89, an expected enterprise
value of 7.4 times our 2007 EBITDA (earnings before interest, taxes,
depreciation and amortization) estimate -- a premium to peers.



So while we are held hostage by the price of gas, oil companies here in the U.S. are making record profits. We are suppose to have laws against this kind of extortion, yet, why would our politicians care since our president is an oil man himself. Of course he is going to side with the oil companies.


It really bothers me when I hear foreigners say that the U.S. is a good place to make money, but not a good place to live, so they make money here, and then go back to their home to live. Well, this is my home. I care. I live here.


When I was in Greece in the summer/fall of 1997, I saw on the news 4 of our Republican senators proclaim that President Clinton who was trying to negotiate peace between Greece and Turkey had no power to negotiate any kind of deal, and that the House of Representatives in the U.S. held all the power. I heard Senator Frist declare this, and I thought "how treasonous". The senators were there to help negotiate the sale of weapons, so it was in there interest that Greece and Turkey remain at war.


Now, it is ok for a Senator to proclaim on Greek television that the president of the U.S. has no power, but a person is un-American for questioning 9/11 or the war in Iraq. Where is the logic?


If the price of gas is raising because of the shortage of oil, then why are oil companies making record breaking profits?


We are an intelligent nation. Let's remember to ask questions. Why are prices sky rocketing, when oil companies are making record breaking profits? Why are we paying Halliburton trillions of dollars? Why do we have mercinaries in Iraq and Afghanistan undermining our military? Who is really profitting from this war in Iraq? It is not the American people. It is not the Iraqis. So are we there so a few executives can become billionaires? Is it worth the thousands of lives that have been taken from us? Or are we just cattle to be called to slaughter whenever our corporations demand it?

2 comments:

  1. I totally agree with you. The government is more worried about where we smoke than what is happening with issues like this gas. The problem is the people keep letting them get away with it. Lets look at the real issues in our country.

    ReplyDelete
  2. Thanks anonymous for your comment.
    I agree, it is time we quit letting them get away with this extortion.

    ReplyDelete