Oil, War and Profiteering
Nothing much came out of the oil hearings. The Exec's of the Big Oil Five weren't even sworn in when they came to testify. How convenient (or making for conveniently lying).
Lee Raymond, full of bull said "it was a tough balancing act" but said it wasn't price gouging. Sure it wasn't. He also said the (oil) profits are in line with other industries when earnings are compared to the industry's enormous revenues. I guess he wasn't aware the US Airways Group, Inc. which was bought by America West Holdings Corp, posted a wide third-quarter LOSS...and, of course, we (but not he obviously) wasn't aware of the Delphi Corp. bankruptcy filing for protection due to losses of $788 million.
Just who was he referring to, to make such a statement? Could it have been Europe? EADS (European Aeronautic Defence & Space Co.), Europes largest aerospace company netted 1.2 Billion for the first nine months of this year. And Eurocopter (one of EADS customers) is the global leader in helicopter sales...and we know where helicopters are shot down regularly.
The U.S. Airforce says it needs to replace its refueling tankers (around 500 of them) as they're "outdated" at a cost of 100 BILLION bucks...and, of course, it will be added to the already largest budget in our history.
Big Oil, War and profiteering for whom? Why the rich, of course. And forty three percent of Airbus (an EADS company) come from the Asia-Pacific region.
Lee Raymond, full of bull said "it was a tough balancing act" but said it wasn't price gouging. Sure it wasn't. He also said the (oil) profits are in line with other industries when earnings are compared to the industry's enormous revenues. I guess he wasn't aware the US Airways Group, Inc. which was bought by America West Holdings Corp, posted a wide third-quarter LOSS...and, of course, we (but not he obviously) wasn't aware of the Delphi Corp. bankruptcy filing for protection due to losses of $788 million.
Just who was he referring to, to make such a statement? Could it have been Europe? EADS (European Aeronautic Defence & Space Co.), Europes largest aerospace company netted 1.2 Billion for the first nine months of this year. And Eurocopter (one of EADS customers) is the global leader in helicopter sales...and we know where helicopters are shot down regularly.
The U.S. Airforce says it needs to replace its refueling tankers (around 500 of them) as they're "outdated" at a cost of 100 BILLION bucks...and, of course, it will be added to the already largest budget in our history.
Big Oil, War and profiteering for whom? Why the rich, of course. And forty three percent of Airbus (an EADS company) come from the Asia-Pacific region.