I am tired of hearing about the evil, terrible, oil profiteering, economy trashing, George Bush! The man can barely talk, let alone affect our economy, or gas prices for that matter. I am also tired of hearing how the Evil Oil Companies are making so much money off of us. Most of Americans just repeat what they hear on the news or read in the paper. Here are a few facts for you guys.
1. The imbedded Federal and State taxes on one gallon of gas averages 78 cents.
2. Big Oil's profit on one gallon of gas is 11 cents.
3. Big Oil has not raised their "profit margin" in over eight years!
4. China, and India have increased their oil usage over 200 percent, in the last five years.
5. The price of Oil is figured in American Dollars. The Dollar is weak right now, which is a HUGE contributor to the price of oil.
6. The United States Government (not Bush!) has not approved the building of any "oil refineries" in the United States in the last twenty years.
7. The United States Government (not Bush!) refuses to let us drill in Alaska, on land that was specifically set asside for oil drilling. (Anwar).
8. Middle East Sheet Heads refuse to boost up oil production, in light of China, and India's increased oil consumption. Thereby creating less supply and more demand.
9. A gallon of gas in the Middle east averages 20-35 cents a gallon.
10. Ethanol production in the United States has gone up 500 percent in the last five years. You cannot distribute ethanol through pipelines as you can oil/gas/diesal. Therefore you must "truck" the fuel around. Those trucks run on regular diesal. Thus increasing our demand for oil, and food (<--That is another subject all together.)
I could go on like this forever. I do this sort of stuff for a living. I do not wish to start a fight, just wanted you guys to hear the truth once! If you do not believe me, research it. The news and papers do not count. Those sources are more like fiction. I will be glad to debate or answer any questions.