Wednesday, April 26, 2006

Gas Prices

This is a sore point for me. I have been saying for years that we were not paying enough for a gallon of gas. It is a non-renewable resource and it pollutes something horrible. That said, the current run up in prices is not good because it affects the guy (or gal) making a reasonable living in the 50K$ or below bracket so much harder as a percentage of income than it does the fuckwit driving a Hummer. I actuallt heard someone say the other day that even at $4/gallon it wasn't any skin off his nose since even at 4 bucks his gas expense was less that 1% of his income.
Anyhow...I think the price of gas should be twice or three times as high as it is now. I don't think, however,that this ought to be borne by the average Joe. The oil companies need to be straight and the media needs to pay attention. We are being screwed and you can see it in the profits. If you don't think so read the following.

Soaring gas prices are squeezing most Americans at the pump, but at least one man isn’t complaining.

Last year, Exxon made the biggest profit of any company ever, $36 billion, and its retiring chairman appears to be reaping the benefits.

Exxon is giving Lee Raymond one of the most generous retirement packages in history, nearly $400 million, including pension, stock options and other perks, such as a $1 million consulting deal, two years of home security, personal security, a car and driver, and use of a corporate jet for professional purposes.

Last November, when he was still chairman of Exxon, Raymond told Congress that gas prices were high because of global supply and demand.

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