Oil compaines make record profits

[brettdale]

Just heard on the news, the oil compaines profits have raised by 30-60% and as im writing this, Im hearing Bush on tv saying he grieves for all the deaths, well Im sure those oil compaines loved thier tax breaks.

[xray s]

1. Pass a windfall profits tax now!

Why hasn't anyone in Congress proposed a windfall profits tax???

[getmeouttahere]

4. Because a repuke congress would never pass it....

where have you been? They are trying to cut taxes everywhere, not make new ones!

[xray s]

8. so what?

Democrats can still go on record being for it.

[cornermouse]

2. Another thing the media has not addressed.

Oil companies are taking money away from the retailers. If you're spending it at the pump, you're not spending it in the stores.

Factor in a job loss rate that is much greater than job gain so less money for retailers from that direction also and what kind of economy do you get?

[getmeouttahere]

3. That's exactly it, cornerhouse!

and more and more of the jobs pay less, then factor in poor or no health insurance, and it gets even worse.

[Poiuyt]

5. Didn't the new energy bill that just passed give big tax breaks to the

oil companies?

[Incitatus]

6. Yes, BILLIONS! eom

[dweller]

7. for how many quarters now

have they posted a record profit? 2, 3, more?

hasn't the price just steadily risen (leapt?) during that whole time?

as they are squeezing the last drops out of production, they are gouging every dollar that they can from us.

dp