Your government wants to stick it's bureaucratic nose into everything that affects average, working-class people. Everything except those areas it should be investigating and regulating more strictly! For example...
"NEW YORK (CNNMoney.com) -- Exxon Mobil Corp. reported quarterly earnings Thursday that easily beat analysts' expectations on higher crude prices.
The world's largest public energy company reported net income of $7.56 billion, or $1.60 a share, in the second quarter, up 91% from $3.95 billion, or 81 cents a share, in the same period in 2009.
Earnings for the first half of 2010, excluding special items, were $13.9 billion, up 60% over the first half of 2009." (Emphases added)
Yes, my friends, that is Billion with a capital "B". The concept of a million of anything is difficult for most of us to envision, and the term billion just boggles the mind. Maybe this will help get it into perspective - a billion minutes ago, Christ was alive. Here's a picture showing the relationship between one thousand, one million and one billion -
There is a 6" difference between the million point and the billion point on this line. (A trillion [a figure our government loves to throw at us] would be marked 500 feet to the right of the billion mark.) Now, think of that number in terms of dollars - the dollars you spend at the gas pump, the dollars you spend for groceries, the dollars you spend for clothing... and your tax dollars!
Diesel fuel, the least refined and least expensive to produce, currently hovers at around $4 per gallon. More than premium gasoline! Do you still wonder why the cost of "goods and services" is skyrocketing upward? Understand that goods do not magically appear in Wal-Mart at the beginning of each business day, nor do groceries breed on the shelves of your local Kroger or Safeway grocery stores when the lights go out. These items are transported to every retail store in our country by diesel-fueled delivery vehicles, whether they be 18-wheelers, railroad trains, or a combination. The oil companies have taken our nation hostage! And your government has not done - or even said - a thing about it. It's areas like this that we need government mandated price caps! The workers of this nation need gasoline to get to and from their place of employment in order to earn a living so they can afford to buy those goods and services. Gasoline now costs between $3.25 and $3.65 per gallon and the price is increasing almost daily! The excuses used by big oil are "There's unrest in Saudi Arabia", "The middle east crisis is driving our costs up", and "It's the Yemeni problem". What's wrong with this picture? The problem is Big Oil's corporate GREED! Individually, or even collectively, We The People can do next to nothing about it directly. Government intervention mandating price caps is the only solution.
How do we get that done? Write, email, or telephone your elected Congressional Representatives - including Senators - and tell them that We The People need relief from the price gouging oil corporations economy-crushing GREED!
(Because our national economy is "in the dumper", China is campaigning at the U.N. to have the U.S. dollar replaced by the Chinese yuan as the "reserve currency". For those of you who may not know exactly what the "reserve currency" is, it is the global currency of international trade. If China is successful in their bid, it will further diminish the U.S. in the eyes of "the global community".)
I'm Gil, and I approved this blog!