Collegian: get off the oil companies’ backs already!
Oil companies: as evil as the sweet black gold they pump from the deep, ancient heart of our planet, or just trying to make a buck in America like the rest of us? Earlier this week, Tim Hadachek weighed in on the issue, challenging us to put down our shrill, knee-jerk griping every time gas prices creep up a couple of bucks (what do you really need that for, anyway? You’re either giving it to Big Oil or Big Farm). We should examine this in terms of the basic principles of our economic system.
Oil companies want to make as much money as possible, and this is not necessarily a bad thing.
Our economy works best when everyone is free to make as much profit as their skills, intelligence and resources will allow them, as long as it is done fairly.
So why do Democrats want to punish oil companies for living out one of the greatest American ideals?
On average, the largest oil companies make only about 9.7 percent more than they spend each year, slightly above average for an S&P 500 company. Many companies have much larger profit margins.
Google, for instance, operates with a profit margin of about 25 percent, according to CNN on April 29.
I’ve always been disgusted with the way Google and their hegemonic “algorithms” rip us all off every chance they get, then use their leverage to choke the competition. Look what’s happened now! We have to pay whatever price the free search engine cartels wanna stick us with. They’re basically the internet’s warmongering Ritalin dealers. Who among us can honestly go without Ritalin? But, again: greedy as Google is, I can’t really fault them just for trying to make a buck in America.
Adding new taxes on oil companies essentially is punishing them for making money. But basic economics tells us they should make money. They produce a commodity that is of limited supply and in high demand.
Why penalize a company that is willing to invest hundreds of billions of dollars to bring us energy?
Blaming oil companies for high gas prices is like blaming farmers for high food prices.
In the future, we will just outsource the functions of our government’s legislative branch to Exxon’s board of directors. We will outsource our judicial branch to the Mob. The only decision left for President Palin will be whether to waterboard the Liberals in a vat of boiling crude oil or to extradite them to a detention facility in Saudi Arabia, where Blackwater will sodomize them with WMDs.
[Source: K-State Collegian]

