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How Republicans Want America To Look

Posted 6/13/10 at 10:05am by jamie

Here's a view of a Republican America:

From Think Progress:

Yesterday, Chevron discovered a leaking pipeline that was spewing 50 gallons of crude oil per minute into Red Butte Creek in Salt Lake City, UT. By the time crews capped the leak, more than 21,000 gallons — between 400-500 barrels — of oil had spilled out, “coating geese and ducks” and closing the city’s largest park.

This was just days after Utah's Republican Governor, Gary Herbert, called for more drilling. Yes - more drilling, more destroying of America's envrionment. That seems to be the wishes of the GOP and it's an assault on the place we all call home.

The Oil Execs - Thinking We Are Just Some Dumb Americans

Posted 6/19/06 at 3:00am by jamie

This morning on Meet the Press, Tim Russert interviewed Shell Oil’s President John Hofmeister; ConocoPhillips Chrmn. & CEO James Mulva; & Chevron’s Chrmn. & CEO David O’Reilly. Throughout the interview I could not help but feel these three stooges had the impression America is full of a bunch of dumb shits.

The first is when they tried to explain their profits. What is interesting is that this is the exact same arguement they used to Congress:

MR. HOFMEISTER: Well, we are in the business to make money, but most of that money goes right back into the business. You know, we do owe our investors a dividend and a return on their investment, but beyond that it goes right back into the business

I am a business owner and fully understand being in business to make money. If the reward of making a profit wasn't there then we wouldn't have businesses. My question lies in their accounting practices. Profit is the bottom line. Money going towards new projects and research is deducted before you get that profit. They are the expenses of running a business. This is something I think most Americans are able to comprehend, and if you ever had your own business then you really know what it means. You sit there looking for any deduction possible to keep your taxes down at the end of the year. So are these guys trying to say they don't do that? Bullshit.

Price Gouging? Looks More Like It!

Posted 5/7/06 at 12:54am by jamie

For those that just think the high prices at the pump are a simple case of economical supply and demand, a new memo has surfaced that might open your eyes a little more:

A Chevron memo is raising suspicion that oil executives intentionally reduced refining capacity in an effort to boost profits.

The 1995 memo, obtained by Consumers Union, reads:

"If the U.S. petroleum industry doesn't reduce it's refining capacity, it will never see any substantial increase in refinery profits."

In the last 20 years, 18 of California's 32 refineries have shut down. The industry is now seeing record prices and profits at the pump.

One of the most common arguments we hear from the oil industry is that "oil refinery is at a premium here". This memo shows that is because of the oil companies and their greed for higher profits.

This memo must be used by Congress in hearings. It shows a definite plan of collusion by oil executives to force higher oil prices.

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