... like there is no such thing as windfall profits.. LOL.. Funny how the do as I say - not as I do leftists work.

Good theory.. the more money that Government has .. the more that they spend on things like.. Social Security - bankrupt, Medicare - bankrupt, education - total failure to all inner city schools (what we were told was the reason for the govenrment monopoly on education), welfare - failure.

and what did Exxon spent their profits on? Dividends for Many American taxpayer.. who will pay taxes on it yet again... Oil exploration, alternative energy sources and Lawsuits brought by Watermelons.

You know that I rail against all big government tyrannists... Republicans and the very leftist Democrat party as well...

I trust you have credible evidence to back up these claims - that you'd be delighted to share with us?

Oh, and preferably from a source independent of the oil companies.

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January 20, 2009 - The end of an error.

Since when did watermelons become sentient beings capable of filing lawsuits? Someone call PETA!!!!! *snicker*

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January 20, 2009 - The end of an error.

The "Watermelons" he is referring to are people from Valdeze, Alaska. The tanker spill there was the largest in history. ExxonMobile paid for the initial clean up and then dumped the rest on taxpayers. Then they tied up lawsuits in court for decades. The court finally decided in favor or the people of Valdeze but limited ExxonMobile's fiscal liability. 20 percent of the Valdeze people who had sued originally were no longer alive to here this verdict. Valdeze is now almost a ghost town with no seafood industry as they had before.

They were basically refusing to deal with Valdeze while making record breaking profits. Those were Lee Raymonds years as CEO and when he retired he walked away with a $250 million retirement package. I believe he is listed in the Forbes 400 list as a billionaire.

Exxon and Mobile were two corporations that were the result of breaking up the old Standard Oil monopoly under anti trust laws. And now they have reunited. ExxonMobile currently monopolizes most of the market, with Chevron monopolizes most of the rest of the market, with Conoco Phillips, Shell and BP taking small shares of the rest of the market.

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National Debt =

So TFAC believes the people of Valdez were unreasonable to expect Exxon to actually clean up ALL the mess one of their employees created (apparently while drunk, IIRC) and compensate them for their losses? Sheesh.

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January 20, 2009 - The end of an error.

Yeah, just a bunch of "watermelons" by some warped perspective.

Yes, it was the biggest DUI in history.

"No occifer, that's (hiccup) that's not my oil."

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National Debt =

While they don't build new refineries, oil companies do invest money in upgrading and expanding existing ones.

But there's only so much they can do to an old refinery.

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A panda walks into a cafe. He orders a sandwich, eats it, then draws a gun and fires two shots in the air.

"Why?" asks the confused waiter, as the panda makes toward the exit. The panda produces a badly punctuated wildlife manual and tosses it over his shoulder.

"I'm a panda," he says at the door. "Look it up."

The waiter turns to the relevant entry and, sure enough, finds an explanation.

"Panda. Large black-and-white bear-like mammal, native to China. Eats, shoots and leaves."

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Defeating market theocrats since 2001.

Man does not have to create. All man has to do is labor. As Locke argued one has to Labor. Companies Labor to bring oil out of the ground. Thus they have claim to that property.

Now, you did not sign a contract, but you surely gave your right away when you choose to buy from another. You can personally drill for your own oil if you so choose. But you do not.

Now, those supposed "property rights" the Government claims, I do not support as there was no bidding that took place when the Government stole the land for less then the property value. But out of these property rights the Government claims the Oil Companies have to pay a fee to the Federal Government. This same idea works in the Midwest and West when it comes to Grazing. Farmers have to pay the Government so their Cattle can graze. This raises Capital (Income) for the Government. But it also raises prices. As it is cheaper to buy the land then pay a fee over 50 years.

No, its mutual. You choose not to drill your own oil. You choose to buy it. Thus you make a choice to buy from whoever. The Oil companies are providing a service which you and Millions of others choose not to do.

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Pioneers are walking all around singing songs about Lenin and they should be shot for it.

Handlebars

"If you are looking for the guilty, you need only look into a mirror"- V

It is inaccurate to say that I hate everything. I am strongly in favor of common sense, common honesty, and common decency. This makes me forever ineligible for public office.
H. L. Mencken

come on you know you wanna play football..

Beagán agus a rá go maith.

Economic Left/Right: 3.75
Social Libertarian/Authoritarian: -2.87