Thursday, March 22, 2012

Who To Blame For Gas Prices

An ABC News story reports that the American public is sick of high gas prices and wants the government to do something about it. The government is doing something about it: They gave Exxon $2 billion last year, and last year Exxon reported a profit of $9 billion. Congress is letting gas speculators drive up the price of oil on the stock exchanges. Congress wants to build a pipeline from Canada to Texas using your money instead of making poor ol' Exxon dig into their profits, so the big oil companies can refine that oil into jet fuel to sell to China.