Group: misc.consumers · Group Profile
Author: ElmoElmo Date: May 2, 2008 12:14
Bill wrote:
> A lot of crude oil comes from ALASKA from property OWNED BY THE PEOPLE OF
> THE U.S...
>
> Yet the price of this crude oil is dictated by foreign countries.
>
> I say Alaska oil should only be sold in the U.S. for use by Americans and
> set at a reasonable price. It is OUR OIL!
>
> Write your elected representatives...
> (Ask those running for office if they represent "We the people" or big oil
> corporations.)
> http://www.usa.gov/Contact/Elected.shtml
>
> Look at it this way.
I am an oil company. I run a lot of wells. In a few cases, I actually own
the land the well sits on (in?). More commonly, I have a lease where I
agree to pay the owner of the land a royalty on the oil that comes out of
that well.
Now that I have the oil out of the ground, what am I to do with it? I'll
sell it. How much shall I sell it for? Whatever the market will bear.
Right now, the market for oil is paying about $100 (USD) per barrel. But
I'm going to be extra nice and sell it to you at a discount. OOPS! The
stockholders just found out that I undersold the product and they kicked
my executives out. The next batch won't make that mistake.
--
Self-interest, caused by low selfish desire, is the root
cause of contemporary world chaos and individual misery.
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