To hear Barack Obama, Hillary Clinton, Ted Kennedy, John Kerry, Harry Reid, Nancy Pelosi and other Democrats tell it, the big oil companies are the biggest enemies to American society since Hitler decided to bomb Great Britain.
Almost on a daily basis someone in the majority Party can be heard denouncing, demonizing, and denigrating the oil companies, mainly due to high gas prices but also due to the notion that big oil is the supposed biggest contributor to 'global warming,' despite the fact that this year the globe has had the biggest and deepest snow cover in a number of years and the planet has enjoyed the coolest year since 2001.
Hillary Clinton has stated repeatedly that she wants to 'take that money' from the oil companies (that is, rob their profits) for the purpose of starting a government fund to push alternative energy sources. Barack Obama wants blacks and whites to come together to topple the business-industrial complex. Rep. John Dingell (D-Michigan) wants to slap a 50-cents-per-gallon tax increase on gasoline because, well, he wants people to stop driving.
The truth of the matter, however, is that in all likelihood Clinton, Obama, Dingell, Kennedy, Kerry, Reid, Pelosi, and all of the rest of the majority Party probably have invested heavily in 'big oil.'
How do I know this for a fact? Because I know for a fact that a full 40% of Americans are heavily invested in big oil. And the real figure is much higher than that.
If you have mutual funds, stock market funds, or if you have a pension fund, a 401-K, an IRA, or even a bank account, you are invested in the big oil companies because these companies have had the greatest return on investments.
The more money a person has invested in the various financial markets, the more money they have tied up in the big oil companies. And pension funds routinely put that money in stocks that have the biggest return.
Thus, when Hillary Clinton speaks of socking it to the oil companies, she is speaking out of both sides of her mouth. Surely she would not want to give up the profits from her investments, yet she does not want average Americans to know this. She wants to tap in on the misplaced anger many Americans have toward the oil companies.
It is actually big government that is responsible for most of the increases at the pump...at the rate of 7 times the amount the oil companies get in profits.
And, let's face it, Barack Obama is as rich as all get-out. Where do the rich put their money? They invest it in stocks, bonds, mutual funds, etc. Thus, in all likelihood Obama is making a good profit on his investments, part of which are in the oil companies if his broker has any sense at all.
In addition, at present big oil companies are the single biggest source for developing alternative forms of energy that are eco-friendly and that greatly reduce or eliminate our dependence on foreign oil.
These companies do not want to go out of business. They owe it to their millions of stockholders--people just like you and me--to look forward to the future when using oil for energy may not be feasible or prudent.
The oil companies at present are investing billions in developing these alternative sources of energy. It only makes sense. They already have the infrastructure in place to do so, and they have thousands of outlets by the roadside to make these alternative sources readily available.
In this way the oil companies not only protect themselves from going out of business, but they protect our pension plans, stock investments, mutual funds, etc.
Thus, the next time you hear the majority Party lambaste the big oil companies, remember they are engaging in rank demagoguery.
Friday, March 21, 2008
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8 comments:
Now consider this also:
The Kennedy family owns three oil drilling companies: Arctic Oil, Kenoil, and Mokeen Oil. Over the years it has made tens of millions of dollars in profits off these oil interests.
http://www.boonereport.com/2006winter/n.html
They hate on "Big Oil" because "Big Oil" makes big profits and the socialists that support the Democrats hate profits.
Thanks for the info, Duane!
Call me cynical, but I've had the feeling that she wants to wipe out people's IRAs and such so that she can blame the oil companies (again), and use it as an excuse to nationalize the industry. Well, that, and to indoctrinate even more people into the victimization mindset.
Both of those would require hiding the truth about the industry.
Ill,
You are not cynical. Your feeling about that is not just a feeling. It is the modus operandi of the Left.
Leftists who believe in Marxism, which i call the Commie-Nazi totalitarian form of gov, will not hesitate to try to destroy the Constitution and our Representative Democracy by undercutting our economy.
If you can wipe out the profits of industry and business, thus wiping out pensions, IRAs and such, then the chaos that ensues is ripe for a 'Messiah' to come in promising to 'fix' it by implementing Socialistic solutions that would make Marx, Lenin, Stalin, and Hitler proud.
In fact, this is their goal. They are failing at robbing the citizens of their firearms,and thus, they could not win an outright confrontaton. So, they attack the financial markets, just as Democratic operative and billionaire George Soros has threatened to do on numerous ocasions.
i ought to point out that "global warming" is far more nuanced than a good winter's snow, despite the definite bandwagoning you tend to see in the left. it's of utmost importance to properly frame any issue, and i'm going to put the true name of this one in caps lock because just having that down correctly is supremely important: GLOBAL CLIMATE DESTABILIZATION.
anything less scary than this is just a straw man. the truth may be that it's a farce, but, you can't disprove nontheories like "there is a god" or "global warming is real."
this is roughly the same null-hypothesis trick which the bush administration is using to force iran into sanctions and possibly war: "prove you don't have the WMD that you say you don't have," as opposed to "we're going to prove you have the WMD you said you don't have," according to scott ritter. that issue is as equally nuanced as GCD and if the "war on terror" is that much more dear to your heart, then perhaps i've communicated the importance of digging maybe just a bit deeper on this one.
also: excellent blog. keep up the good work!
I'm glad I'm not the only one who's noticed this fits the pattern. How many more industries do they need to wipe out before everyone else catches on though?
Ill, I assure you that you and I are not the only ones onto them. But, are there enough of us?
I admit I have nearly lost my faith in the American electorate. They are politically ignorant sheeple being lead by demagogues and rock stars.
On the other hand, Capitalism and liberty are so deeply embedded in the American collective unconscious that they will have a much harder time accomplishing their sinister goals here than, say, in Europe.
when, oh when, is blogger going to get itself an inbuilt dumb-o-meter, so that innocent people needn't be exposed, even accidentally, to this brain-dead moronism?
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