Originally Posted by SRTFreak
The oil companies are not making what you think. You are actually making money off yourself. The majoraty of the oil stocks in the US are owned by you. Your 401k and 403bs are the largest holder of oil stock in the US.
My stepdad makes .01 cent per gallon sold and the oil company ( BP ) makes less than a $1 per gallon sold. Yes the oil companies show a profit but it also cost a ton to keep the oil flowing.
The reason they can't drill off the coast is a bill that was passed during Clintons run. Bush just reversed that but it will take years to build up new oil wells.
I believe that President Bush reversed the Executive order. Drilling won't start unless Congress acts in the same manner. They chose not to do that last week, tableing the issue untill they come back from vacation.
As for ethonal, the tide may be turning as some candidates have seen the collateral dmage of this awful program and are reversing positions. Sarah Steelman has looked and come to the conclusion that mandated Ethanol is a boondogle. Her opponent, Kenny Hulsolf is still in lock step with the Washington crowd.
I've supported Hulsolf for most of his political life. But he is from DC now and, in my view, doesn't represent Missourians anymore.
Hope this is happening elsewhere as more Americans realize that ETOH didn't help the poor little family farmer as much as it helped Monsanto and ADM.
roadser with a stick