>" but to say that oil company profits are "out-of-proportion" is pure
>propaganda. I'm more concerned that our government continues to give oil
>companies billion dollar tax breaks when they clearly don't need them.
>Double-edged sword, though...if the breaks were eliminated, the oil companies
>would pass that cost along to the consumer."
>Do you agree with the above statement fragment?
There is a lot of truth in the statement, contrary to the common emotional
response. The tax breaks are, in large part, going to encourage marginal
production. The cost of raw materials is the result of a few things like we
are dependent upon semi-friendly to unfriendly foreign sources and the weak
dollar which is the result of the Fed destroying its integrity by throwing
savers under the bus and encouraging excessive borrowing with excessively low
interest rates. BTW, the Fed is NOT a government agency... check it out.
If we were to take the "out-of-proportion" thinking to other areas, wouldn't
you think that most senators pay is "out-of-proportion" to their value to the
country?
--
Larry Miller
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