At the end of July, all the oil companies reported massive jumps in their revenue and profits. Was this profit made from LEGALLY MUGGING the American public? Let's have a look at the facts.

Two of the top three oil companies in the world, Exxon, Mobil and Shell recently posted combined second quarter profits just under $18 billion on record high prices on crude oil. Both companies had exceeded market expectations. Nice, as long as you are not (the average American) struggling to make ends meet.

Exxon and Mobil managed a 12% rise in revenue to $99 billion. The first time a U.S company had passed the $1 billion a day for a trading quarter. As I was filling up the tank, I remember thinking how pleased I was about that little bit of history.

This second quarter has shaped up as the richest three months ever for the six largest oil companies. ConocoPhillips, the U.S third largest oil company, was pleased to tell us that PROFITS had jumped 65% to a record 5.19 billion. The Energy Department in Washington reported that U.S retail prices rose by 30% from last year.

There is no other industry that could get away with this type of behavior. At the first sign of any problem anywhere in the world, UP goes the gas prices and WHO pays for this, we do as Americans. We are told by our LEADERS that the oil companies are (protecting) their margins. Get a clue --- record REVENUE and PROFITS is NOT (protecting) your margins it's LEGALIZED MUGGING of the American public, pure and simple.

You would think our LEADERS would want to PROTECT the great American public from this type of suffering, but you would be wrong. We never seem to be very far away from another election and election campaigns cost money BIG MONEY. Enter the oil companies with their very deep pockets. All the time, we as the people continue to allow politicians to spend these obscene amounts of money on their election campaigns we will always be subject to the power of these special interest groups.

Will someone PLEASE explain to me how they can justify spending tens of million of dollars on a Senate seat election and hundreds of millions on a Presidential election??? After all these jobs pay only a few hundred thousand dollars a year in salaries at best. What do we get for this money? Answer: LIES AND SMILES. They all promise to make a difference and they do - WE ALWAYS SEEM TO END UP WORST OFF.

Wouldn't it be nice if politicians pay was related to productivity and results! Wonder how many of them would want the job then?

Have an opinion or a question you would like me to answer, then write me!