“The Bush administration has put American taxpayers TRILLIONS of dollars in debt because of an insipid ‘war’ that was illegally initiated to satisfy George Bush’s vendetta against Hussein and satisfy Cheney’s lust for OIL profits.”
This is a qoute from an answere to a question I placed earlier. If the Bush Admin and the Cheney Group are so sophisticated in thier conspirotory plots, then why do we (the US) have such an obvious debt, all the while the plot to take oil profits was some how missed in all the sophisticated planning for the conspiracy, in the effort to fool the American people? How can we have so much debt, if we are getting so much oil? How could this increased surplus in oil result in a shortage worldwide with such an increase and effect on gasoline prices? Lower prices would produce less scrutiny, thus allowing the conspiratory plot go on without question relative to oil prices and the profits of the conspiritors to be much more.
10 Responses
uhhh, we the people don’t get oil profits. Petroleum corporations do. RECORD profits.
I think your missing who the conspiracy is supposed to help.
Its the oil companies that profit – not the American people.
The oil companies have had record profits for the last couple of
years due to the price of oil.
Recall that both Dick Cheney and George W. Bush were both oil
executives, have friends who are oil executives now and their
families have members who still are oil executives.
They profit – not the American people.
Note that debt can be a good thing. If you don’t like debt, then why would anyone buy a house, or a car, or go to college? The important lesson from those examples is that they are important purchases. As long as the United States government does the same, and to the right extent, it can be positive.
Dude, the government has this car-that runs on Water!
Because the oil money is going straight into of the pocket of Bush and Co. and all there Rich friends. And gas prices are still high well because….Just look at Exxon’s quarter profits 10 BILLION, whats that tell you…maybe just a little price gouging.
This deficit is due to the rabid spending without concern for keeping the money flowing in from where we are taking it. Military spending is VERY expensive. When people talk about oil profits or profits in this category, they are talking about making money for big business and not for the American public. Deficit spending as well as an unbalanced budget without a steady flow of cash causes such a vacuum. The spending in the US govt is done with porkbarrel legislation. Look at NYC.. They have been workin on these roads and highways for over 20 years and they are still working. Govnt is so lazy, we have the term -“its good enough for govn’t work.” Meaning the minimum they can get away with do it. – forcing more useless spending.
i would like to point out that while our deficit may be in sad shape due to many current situations- clinton didnt do us any good either. people say we had jobs and whatnot while he was in office- but he ran it (the deficit) down pretty hard before bush took over too…. isnt anyone else tired of the bush bashing? is no one looking at anything besides the bad journalism? and this is all speculation- about the oil profits. im not saying there isnt some truth to it- but it is merely speculation without confirmation. i guess im not answering to say anything one way or another about the question posted. i just read the answers and am tired of the unamerican attitude and not supporting the president that the people choose. i believe we have to be in iraq- and so do my family members that are over there right now. so while oil profits may or may not have some part of this- i believe common sense tells you that we need to protect us from another 9/11 too.
It’s not about oil. Turn off Air America.
Here is some real information, not just conjecture, about oil companies in America. Publically held companies (those that issue stock) are required to issue an annual report. Fortune magazine compiles information from these companies, and does comparisons like “The Fortune 500”. Here are the top 5 oil companies on the Fortune 500 this year:
Exxon Mobil — profits: $36 Billion, up 43% over previous year
Chevron — profits: $14 Billion, up 6% over previous year
ConocoPhillips — profits: $13.5 Billion, up 66% over previous year
Valero Energy — profits: $3.6 Billion, up 99% over previous year
Marathon Oil — profits: $3.0 Billion, up 140% over previous year.
That’s $70 Billion in profit, taken by just these five companies. (Profit, remember, is what’s left over after they’ve bought all the equipment, paid all the employees, paid the taxes, and paid whoever else you have to pay to get the product refined, delivered and everything.)
Exxon Mobil also had the highest revenue of any company studied last year ($340 Billion total). Marathon is at #23, so 5 of the largest 25 companies in America are selling petroleum.
You can see that Oil companies are both huge, and increasing their profit by large amounts.
If you want to know more about business profits, and who is cashing them in, go to one of the many brokerage sites on line and read the Quarterly Results, Financial Statements, and check out the “insider trades” that must be reported. This stuff is not conjecture, it is publically available.
Note that privately held companies (businesses that are financed only by partners, not by selling stock) are not required to make these kinds of numbers available.
Because only a few people will ever see that money. It isn’t a conspiracy to give the american government or american people money. Instead all of it is going to the few companies that get to run the oil systems in Iraq.