Do you ever read the news, Titan? Here, I\'ll help you:
7/21/05: Oil industry awash in record levels of cash
http://www.msnbc.msn.com/id/8646744/
8/11/05: Record Prices Mean Record Profits for Oil Companies
http://abcnews.go.com/WNT/story?id=1029991
7/29/05: Profit Soars at Exxon Mobil
http://www.washingtonpost.com/wp-dyn/content/article/2005/07/28/AR2005072802085.html
1/30/06: ExxonMobil amasses record $36B 2005 profit
http://www.usatoday.com/money/companies/earnings/2006-01-30-exxonmobil_x.htm
10/28/05: Backlash spreads as oil companies\' profits surge
http://www.post-gazette.com/pg/05301/596812.stm
4/25/06: Oil companies cruise toward record earnings
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7BC5FC46A0-20AA-41FF-8E3F-BEEC5D55393E%7D&siteid=mktw&
7/28/05: Exxon Mobil Profit Surges but Gas, Oil Output Drops
http://www.foxnews.com/story/0,2933,163935,00.html
Let\'s break this down, to some simple points:
1. George Bush has close ties to the Oil Industry.
2. Dick Cheney has close ties to Defense contractors like Halliburton.
3. The United States invaded Iraq
4. Multinational energy company profits skyrocketed.
5. Defense contractor profits skyrocketed.
6. Profits realized by energy companies are determined by the difference between retail sale price and costs of manufacturing and raw materials (crude oil). High crude oil prices do not automatically create low profits, as you can see from the articles above.
I don\'t know how I can make this any more clear for you.
Yeah, and every article you posted still does not have a link between oil companies and Iraq. Just because they are reporting record prices, doesn\'t mean its all because its coming out of Iraq. Lemme break this down. Just because bush and Cheney HAD ties with oil industries, doesn\'t mean they are profiting from it. Show me sources saying their income is increasing as a result. Secondly, oil demand is even higher, hence why they are making record profits. China? China\'s demand for oil skyrocketed within the past few years, hence why we are paying record prices as well. Its all supply and demand.
I took this right from your article you posted
Last fall, high oil company profits after Hurricane Katrina sparked Senate hearings on alleged price gouging and proposals for a "windfall profits" tax.
Price gouging is another reason why oil companies are making money; Katrina was the perfect example of this. Who knows how much they are actually producing but when they gouge the prices like they\'ve done, record profits happen, just like in all businesses.
Also, no shit defense contractor\'s profits rised. That\'s a given. They are DEFENSE CONTRACTORS. They are paid high prices to do what they do. They are companies who provide the military with trucks, aircraft, bullets, guns, etc. You need stuff like that in war time. Defense contractors profits grew exponentially in WWII, hence why we were out of the depression.
You will not get me to believe we invaded Iraq for the oil. Your points were not valid and made no sense. I wanna see an article from a reputable source linking Iraq with oil profits. You failed to do that. All you proved was that oil profits went up. The world demand has gone up in the last few years as countries develop. When there\'s more of a market, theres more profits. Easy as that. Besides, if we controlled the oil fields with American interests in mind, my gas prices should have gone down. Let me tell you why we went into Iraq. Bush is an idiot and had no idea what the fuck he was doing. He acted too fast and made the whole thing a mess and still has no idea what he\'s doing.