Well, Congress is at it again. For the umpteenth time they’ve summoned the oil barons to appear before their committees to answer for the cost of gas and the record profits for the oil companies. From what I’ve seen and heard, it’s the same dog and pony show as always where the congressmen grill the CEOs or their attorneys with their feigned anger as if they are raking them over the coals.
Of course, the oil companies give their same excuses about supply and demand or that they need the funds to reinvest to keep things running for their companies or that things would be worse without their generous tax breaks. Unbelievable!
Congress and the oil companies must think we are just plain stupid. With all of the profits these companies have made, they could have built several refineries by now to alleviate this situation. The only reason they haven’t is because they don’t want to because they love all the profits they’re getting. Lack of new refineries can’t be blamed on environmentalists either, although that excuse is being thrown around as well.
Oil companies have huge lobbying power on Capitol Hill and they are also close friends with our President and various people in his administration. When you take into account their lobbying power in addition to their campaign contributions and the fact that the politicians in D.C. have a large amount of stock in oil companies, is it any surprise Congress and the President haven’t done anything to alleviate the financial hardship of Americans who are paying such high prices for gas?
So please, don’t be fooled by all the hearings that have gone on this week about gas prices. Congress is just giving us a nice little show to make it appear that they really care about taxpayers so they can use their posturing to brag about how they fought for their constituents when they are up for re-election. It has also been a nice opportunity for the oil barons to play the blame game and point their fingers elsewhere as if their exorbitant profits are not their fault. We’ve seen it all before. In the end, we really can’t expect Congress or oil companies to do anything about it since their greed has blinded them to having any compassion for the common man.
Put not your trust in princes [government officials], nor in the son of man, in whom there is no help. Psalm 146:3
When thou sittest to eat with a ruler, consider diligently what is before thee: And put a knife to thy throat, if thou be a man given to appetite. Be not desirous of his dainties: for they are deceitful meat. Proverbs 23:1-3
–posted by Harry A. Gaylord–